BUA Cement Plc said its revenue soared to ₦876.5 billion in 2024- representing a remarkable increase from ₦460 billion in 2023. This growth was complemented by strong profitability, with profit before tax rising by 48.2 per cent to ₦99.6 billion, compared to ₦67.2 billion it recorded in 2023 and profit after tax increasing by 6.3…
French TV channel, Canal+ Group, has received final approval from the South African competition tribunal to acquire MultiChoice. In a joint statement yesterday, Canal+ and MultiChoice said they are on track to conclude the transaction before October 8. The two companies confirmed that the tribunal had endorsed the deal, which will see Canal+ acquire all…
Afolashade went from having no tech background to being a data analyst after TecHERdemy. Discover how TD Africa is changing women’s future through tech. From Learner to Leader: TD Africa’s TecHERdemy Graduate Thrives in New Tech Career Three months after the last edition, TD Africa’s TecHERdemy program continues to bear fruit, not just in certificates…
The Minister of Information and National Orientation, Mohammed Idris, has disclosed that the Federal Government is working closely with state governments and the private sector to scale up investments in agriculture and achieve self-sufficiency in food production. The Minister, according to a statement by his media aide, Rabiu Ibrhim made the disclosure on Tuesday during…
A tech firm, Prime Startups, has stated its commitment to helping innovative ideas grow to commercial success, saying that is where true, sustainable impact lies. It said it has evolved from just ecosystem builders to dedicated growth accelerators and strategic partners. Partner at Prime Startups, Olumide Olayinka, who spoke during a press parley at the…
Nigeria’s crude oil rigs increased from 44 of last week to 46 yesterday, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Its Chief Executive, Gbenga Komolafe, an engineer, made this known in Abuja during the Strategic Workshop for Media Practitioners organised by the NUPRC Public Affairs and Corporate Communications Unit. He said: “And again,…
Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to southern Africa, two sources told Reuters yesterday. The move underscores the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region…
A private entity, Backbone Infrastructure Nigeria Limited (BINL), has expressed its readiness to build $15 billion 500,000 barrels per day (bpd) refinery and establish a Free Trade Zone (FTZ) in Ondo State. It said it has concluded plans to construct and operate the plant at the Sunshine Industrial Park in Ogboti, Eruuna and Sunshine FTZ…
Ride-hailing platform, Bolt, has reinforced its commitment to safety for both riders and drivers by rolling out news security measures. It unveiled the safety measures during its Bolt Public Safety Summit in Lagos. This follows the success of its Global Safety Campaign in December 2024. The summit followed a Safety Press Briefing earlier at the…
