Guinness Nigeria Plc has announced 31 per cent revenue growth for the financial year ended June 30, 2024. A statement by Guinness said the strong performance was even more pronounced in the second half of the year, with revenue growth accelerating to 41 per cent, up from 20 per cent[Read More…]
Author: Godwin Anyebe
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking[Read More…]
OAAN says Chartered OoH Media Bill is to Safeguard Member Assets and Combat Chalartanism, Distances Itself from HASG’s Opposition
The leadership of the Out -of -Home Advertising Association of Nigeria (OAAN) has said the proposed Chartered Out -of -Home Media Practitioners Bill is designed to bring sanity to the sector, protect members’ assets and stem charlatanism in the OoH sector. The association, in a statement issued by its President,[Read More…]
Consumers Express Dissatisfaction Over Failure of Gift Cards: A Growing Concern for ShopRite
In today’s retail landscape, gift cards have become a popular choice for consumers seeking flexibility and convenience in their shopping experience. However, recent findings by Consumers’Assembly indicate that the failure of gift cards to be accepted at various ShopRite outlets is causing significant dissatisfaction among consumers. This growing issue is[Read More…]
Experts Discuss Wealth Transfer Strategies to Gen Z at Cordros Summit
At the recent Cordros Summit in Lagos, leading financial experts gathered to explore innovative strategies for transferring wealth to Generation Z. As this demographic begins to come of age and accumulate wealth, understanding effective methods for asset transfer becomes increasingly crucial. The second edition of Cordros Summit with theme: “Wealth[Read More…]
Zenith Bank Set to Raise N290bn Capital Through Rights Issue and Public Offer
Zenith Bank Plc is set to raise N290bn through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN). This announcement was made during the Zenith Bank Rights Issue/Public Offer[Read More…]
Naira devaluation: Breweries, others report N532.98bn loss in H1 2024
In the latest half year(H1) ended June 30, 2024 unaudited result and accounts, International Breweries Plc, Nigerian Breweries Plc, Cadbury Nigeria Plc and Nestle Nigeria Plc have reported another worst performance, attributable to foreign exchange loss and challenging business environment. No respite for investors as rising costs of production shrink[Read More…]
NGX, ETI mull partnership on sustainability, market development
Nigerian Exchange Limited (NGX) and Ecobank Transnational Incorporated (ETI) have expressed mutual interest in partnering on sustainability initiatives and overall market development. This was stated at the Closing Gong Ceremony introducing the new Group Chief Executive Officer (GCEO) of ETI to the capital market held at the Exchange on Tuesday,[Read More…]
Guinness World Record breaker attributes feat to Tolaram’s support
Dr. Fola David, the Nigerian medical doctor and visual artist who recently successfully broke and set a new Guinness World Record for the world’s largest painting by an individual, has expressed his gratitude to Tolaram, the Singaporean business conglomerate, for supporting him all the way in his quest to make[Read More…]
Nigerian Football Icon Obafemi Martins Supports Lagos State’s Grassroots Football Camp with Generous Donation
In a significant move to bolster grassroots football development in Lagos State, Nigerian international football star Obafemi Martins (popularly known as Obagoal) has donated 40 pairs of footballs to the Lagos State Government’s Football Grassroots Camping Program. This altruistic gesture aims to support the discovery of young talent and promote[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]