Golden Guinea Breweries Plc has won an eight-year-long N10 billion suit against International Breweries Plc and Anheuser-Busch InBev (AB InBev). The Umuahia Abia State-based brewer had approched the Federal High Court in 2016 demanding general damages in the sum of N10 billion from Pabod Breweries Limited, a company which AB[Read More…]
Business
Firstbank Unveils Digital Lending Solution
First Bank of Nigeria (FirstBank) has introduced FirstCredit as a groundbreaking digital lending solution designed to meet the demands of Nigerians. With the increasing penetration of mobile phones and internet access, more Nigerians are embracing digital solutions for their financial needs. This trend has been further amplified by the COVID-19[Read More…]
Experts Advocate for Fintech Adoption for the Growth of SMEs
Experts have advocated that Fintech adoption is relevant for the growth of Small and Medium Enterprises (SMEs) They spoke at Nigeria SMEs Confab 2024 in Lagos, organized by SUPERNEWS with the theme, ‘Bringing SMEs into the financial services network via fintech’. Delivering a keynote speech on the theme, “Bringing SMEs[Read More…]
We can produce 10,000 trucks annually, create 3,000 jobs – Dangote Sinotruk
The President of Dangote Group, Alhaji Aliko Dangote has said that Dangote Sinotruk West Africa Limited has the installed capacity to produce 10,000 trucks annually and create about 3,000 jobs. He added that the company’s investment in their truck assembly plant is part of their backward integration to add value[Read More…]
In Entrepreneurship, Agility is the Name of the Game – Rite Foods’ Boss
Seleem Adegunwa, Managing Director and Chief Executive Officer of Rite Foods Limited, a truly world-class and proudly Nigerian company, has enjoined SME owners, founders, corporate innovators, and business executives to cultivate flexibility and agility as required traits for success in scaling up their businesses. Adegunwa stated this at The SME[Read More…]
First Bank wins 2024 Best SME Bank in Nigeria, Africa
Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards for Best SME Bank in Africa and Best SME Bank in Nigeria at the highly coveted Asian Banker Global Excellence Retail Finance Awards 2024. The Excellence in Retail Finance Awards programme, which include the Global Excellence in[Read More…]
FBN HOLDINGS MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024
FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one[Read More…]
Dangote refinery to list on NGX, London Stock Exchange
Dangote Petroleum Refinery says it has plans for a dual listing on the London Stock Exchange (LSE) and Nigerian Exchange (NGX) Limited. Devakumar Edwin, executive director of Dangote Group, made this known in a Reuters report on May 28. Aliko Dangote, the founder of the refiner, was quoted in reports[Read More…]
Alia commissions fertiliser plant, promises 10 industries in 4 years
Benue state governor, Rev Fr.Hyacinth Alia, Tuesday, said his administration is working on revamping and building a minimum of 10 industries within the first 4 years of his administration. The governor also said he is aware that the Benue Investment and Property Company (BIPC) needs liquidity of not less than[Read More…]
Dangote Refinery set for June diesel exports, eyes NGX listing by December 2024
Nigeria’s Dangote Refinery, the largest in Africa, is set to begin exporting diesel fuel meeting European specifications in June, alongside the domestic sale of petrol. This news comes as the refinery ramps up production after officially launching in January 2024. “We expect before the end of next month to have[Read More…]
Consumer TV
Danger of mobile phone in the kitchen
It’s dangerous using mobile phone in the kitchen
