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Nestle Nigeria pays N388.15bn Dividend in 10 Years
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Nestle Nigeria Plc, the six most capitalised firms in the country, has been consistently paying dividends to its shareholders even amid macroeconomic headwinds, which...
Adidas to Start Selling Yeezy Shoes at the End of May
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Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company...
President Buhari Commissions Newly Built Presidential/VIP Wing of State House Medical Centre Abuja
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President Muhammadu Buhari, GCFR, has commissioned the newly built ultra-modern Presidential/Vip Wing of the State House Medical Centre located at the Villa, Abuja.
The President who...
FCMB Founder Subomi Balogun Dies In London Hospital At Age 89
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The founder of First City Monument Bank (FCMB), Otunba Subomi Balogun, has died at at the age of 89. Subomi Balogun was a Nigerian...
CBN Reserve Ratio Stifles Lending as Banks Profit from Higher Rates
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Nigerian banks are sidestepping steep regulatory reserve ratio requirement to book growing profit from higher interest rates on investment securities.
As the regulator continues to...
German Auto Industry Lobby To Maintain Tariff-free Access To UK
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Germany's powerful auto industry association is urging the European Union and Britain to postpone post-Brexit rules it says would hamper the transition to electric...
BT Group To Sack Over 40% Workforce By 2030
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BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including contractors by 2030 - potentially over 40% of its...
Amazon Plans To Invest $13bn in India
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Amazon Web Services, the cloud computing division of Amazon Inc, said on Thursday it plans to invest $13 billion in India by 2030, doubling...
Deutsche Bank Rocked By $75m Lawsuit
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Deutsche Bank has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey...
Caverton’s Balance Sheet Squeezed by High Debt Costs
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The balance sheet of Caverton Offshore Support Group Plc is not looking good as the leading provider of marine and aviation logistics services to...