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…
Wema Bank has reaffirmed its commitment to women’s empowerment by announcing a ₦2 million business grant through its women-focused platform, SARA by Wema, in partnership with the SheCan Conference. The announcement comes ahead of SheCan 6.0, scheduled to hold on Friday, July 18, 2025, at Balmoral, Federal Palace Hotel, Lagos, where over 7,000 women are…
The Federal Capital Territory (FCT) High Court in Abuja has nullified the arbitration proceedings at the International Chamber of Commerce (ICC), London, instituted against indigenous energy giant, Aiteo Eastern E&P Company Limited, by a group of lenders that partly financed its acquisition of OML 29, declaring its conduct a violation of the injunctive orders of…
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…
