Business
Nigeria’s Onion Farmers Report 50% Losses Due to Inflation and Rising Costs
Nigeria’s onion farmers are experiencing over 50 per cent losses due to rising production costs, inflation, and post-harvest losses. Aliyu Maitasamu, President of...
Wale Tinubu’s Oando Records N60.3 Billion Profit-After-Tax, 43% Revenue Increase by End of 2023
Oando Plc reported a profit-after-tax of N60.3 billion for the 2023 financial year, a major turnaround from the N81.2 billion loss it recorded...
Worsening Hardships Lead to 60% Decline in International Trips from Nigeria
International trips from Nigeria’s major airports, Murtala Mohammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja have dropped significantly. Outbound...
Dangote Refinery Refutes Claims of Fuel Loading Delay, Urges Marketers to Pay Directly
Dangote Petroleum Refinery has clarified that it is not responsible for any challenges experienced by members of the Independent Petroleum Marketers Association of...
Nestle Nigeria Records N255 Billion Pre-Tax Loss in First Nine Months of 2024 Due to Rising Finance and FX Costs
Nestle Nigeria Plc reported a pre-tax loss of N255.38 billion for the first nine months of 2024. This marks a sharp increase of...
Ghana Eyes Cheaper Fuel Import from Dangote Refinery, Aiming to Cut $400M Monthly European Imports
Ghana plans to source petroleum products from Nigeria’s Dangote Petroleum Refinery once it operates at total capacity, potentially ending its $400 million monthly...
Northern Nigeria Enters Second Week of Blackout Following Power Line Failure
Northern Nigeria has faced a power outage for a week following a major line failure on October 22. The blackout was triggered by...
South Africa’s Pick n Pay Exits Nigeria Over Inflation and Economic Challenges
South African retailer Pick n Pay will exit Nigeria by selling its 51 per cent stake in a joint venture with A.G. Leventis....
Starlink Reverses Price Hike in Nigeria After NCC Directive
Starlink, Elon Musk’s satellite internet provider, has reversed a recent price hike in Nigeria following regulatory action by the Nigerian Communications Commission (NCC)....
Sky Mali and Air Senegal Partner to Introduce New Flight Routes Connecting Mali, Burkina Faso, and Côte d’Ivoire
Sky Mali and Air Senegal have announced a partnership to introduce new flight routes connecting major cities in West Africa. The lines would...
Mainpower Takes Over Electricity Distribution In Enugu State, Replaces EEDC
MainPower Electricity Distribution Limited has officially replaced the Enugu Electricity Distribution Company (EEDC) as the electricity distributor in Enugu State. The handover took...
Benin Ships Fourth Tanker of Nigerien Oil to Singapore
Benin has shipped its fourth tanker of Niger’s crude oil onward to Singapore, “Front Coral,” a tanker carrying 155,000 cubic meters set sail...