Business

Guinness Nigeria Plc has reported a loss of N54.7 billion for the financial year ended June 30, 2024. This loss is higher by N36.5 billion compared to the loss experienced by the company in the same period in 2023 of N18.1 billion. Loss before tax also reached N73.6 billion. There was only a slight increase in total revenue from N229.4 …

The Nigerian Electricity Regulatory Commission (NERC) has revealed that 23 electricity workers died in the line of duty in the first quarter of this year in the country. The commission revealed this in its latest report given to journalists on Friday. He added that 23 workers died while 31 others were injured in 55 accidents during the period. The report …

For the third straight day, investors in the Nigerian equity market lost N117 billion at the end of trading on Thursday. This follows the fall in the prices of shares such as OMATEK, CUTIX, and FCMB, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization dropped to N56.7 trillion from N56.8 …

In a development that further worsens the economic plight of Nigerians, the prices of staple foods such as beans, yams, tomatoes, potatoes and others have increased by more than 250 percent between June 2023 and June 2024. This is according to the June Selected Foods report released by the National Bureau of Statistics (NBS) on Wednesday, July 24, 2024, in …

For the second straight day, investors in the Nigerian equity market lost N68 billion at the close of trading on Wednesday. This follows the decline in share prices of stocks such as NSLTECH, RT BRISCOE, and UBA among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.8 trillion from …

Firestone’s decision to outsource some of its tappings to contractors on the plantation prompted a Legislative hearing on Capitol Hill last month. The hearing followed lawmakers’ allegation that the company violated certain provisions of the 2008 Amended and Restated Concession agreement, as amended in 2019. By Othello B. Garblah Harbel, Margibi County, July 24, 2024: – Last month, lawmakers led by …

The Federal Competition and Consumer Protection Commission (FCCPC) has fined US-based social media platforms Meta and WhatsApp $220 million for discriminatory practices and other violations. The Deputy Executive Chairman of the Commission, Adamu Abdullahi disclosed this at a press conference on Tuesday in Abuja. He said it took three years of intensive investigation for the FCCPC to come to that …

Investors in the Nigerian equity market lost N46 billion at the close of trading on Tuesday. This follows the decline in share prices of stocks such as UPL, JOHN HOLT and OMATEK among others on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.8 trillion from N56.9 trillion posted by the …

Liberian farmers, especially those rearing animals or running poultry, say one of their major challenges is the lack of anyone or a factory that produces animal feed. Monrovia, July 23, 2024: Animal feed producer Mr David Moore has disclosed a fast-track of his farming activities in Bong County through the Ministry of Agriculture’s Rural Economic Transformation Project (RETRAP) and the World Bank grant. …

In a bid to curb rising inflation, the Central Bank of Nigeria (CBN) has raised its benchmark interest rate, the Monetary Policy Rate (MPR), to a record high of 26.75%. This is an increase of 150 basis points from the previous rate of 24.75%, which marked the third consecutive increase this year. CBN Governor Olayemi Cardoso announced this after the …