A joint study by Consumers International and Consumer Advocacy and Empowerment Foundation (CADEF) has revealed worrying trends in Nigeria’s food pricing landscape. The research spans six geopolitical zones and focuses on fluctuations in food prices, especially staple items like yam, garri, rice, beans, chicken, and groundnut oil between the months of November and December 2023….
Market value of Nigeria’s largest financial services group, FBN Holdings (FBNH) Plc, has risen by the highest daily allowable limit at the stock market as investors reacted positively to the appointment of Lagos businessman, Mr. Femi Otedola as the Chairman of the group.The board of FBNH had last Wednesday announced the appointment of Otedola as…
The management of Fidelity Bank has estimated that it may lose about N1.19bn to claims and litigation for the year ended December 2023. This was shown in its condensed unaudited financial statements for 2023 filed with the Nigerian Exchange Limited. The lender said for the year under review, it was a party to legal actions…
116 customers of Wema Bank were rewarded with about N8m in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In a statement, the firm said the live draw, which was held at the Oba Adesida branch of the bank in Akure, Ondo State, recently, featured over 70 customers at the…
An analysis of NNPCL’s latest Consolidated and Separate Financial Statements for the Period Ended December 31, 2022, indicates that the eight blocks are located in deepwater, five blocks are continental shelf, fifteen blocks are on land, five blocks are located in swamp and another three blocks are located in partially swamp terrains. The blocks are…
Leading customer- focused telecommunication company, 9mobile, has announced the emergence of 90 winners from the first draw of the Choplife promotion. The promotion, which commenced in December 2023 has been a resounding success, giving customers the chance to win incredible prizes for their loyalty and support to the brand. The winners from across various regions…
The mechanical completion of the Warri Refining and Petrochemical Company is scheduled for completion in the first quarter of this year, the Nigerian National Petroleum Company Limited has said. WRPC, located in Warri, Delta State and established in 1978, is one of Nigeria’s three refineries under the management of NNPCL. The other two include the…
Airtel Africa has revealed plans for a $100m share buyback programme starting March 2024. This is as the company also reported a 99.6 per cent decline in its post-tax profit to $2m at the end of the nine months ended December 2023 from $523m at the end of the same period in 2022. Providing insights…
Fortified Sugar brought in the highest revenue to BUA Foods of its different business segments in 2023. The firm’s total revenue rose by 74.13 per cent to N728.48bn in 2023 from N418.35bn in the prior year, underpinned by 153 per cent growth in income from fortified sugar to N327.55bn. This was revealed in the unaudited…
