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Business - Page 427

Nigerian Breweries To Borrow N25 billion Amid Financial Downturn

Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

Nigerian Breweries recorded N1.04 trillion in revenue between the first quarter (Q1) and the third quarter (Q3) of 2025, surpassing the N 710.87 billion posted in the first nine months of 2024, representing a 47.19 percent increase. The brewer announced the increase

December 24, 2025

Business·News·Sports

Ferrari Renews, Strengthens Partnership With Puma

Italian luxury sportscar manufacturer Ferrari (NYSE: RACE) has announced a thrilling renewal and strengthening of its partnership with German sportswear giant Puma. According to Reuters In a high-octane move, Scuderia Ferrari has unveiled its plans to revitalize the collaboration, positioning Puma as its

September 17, 2023

Africa·Business·Entrepreneurship·News

AfDB, AFI Pledge $4 Million To Empower Women Entrepreneurs Across Africa

In a groundbreaking announcement made at the 2023 AFI Global Policy Forum in Manila, the African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) have renewed their commitment to bolstering the fortunes of women-led small and medium-sized enterprises (SMEs) in

September 17, 2023

Business·News

Investments In Nigeria’s Telecom Sector Hit $77bn In Q2 2023 – NCC

Prof. Umar Danbatta, the Executive Vice-Chairman of the Nigeria Communications Commission (NCC) on Saturday, announced that Nigeria’s telecommunication sector has experienced a surge in investment, thereby contributing significantly to the nation’s GDP. Speaking at a media parley, Danbatta disclosed that investments

September 16, 2023

Africa·Business·News·World News

Argentina Aims To Foster Stronger Ties with African Development Bank

In a groundbreaking visit to the African Development Bank, Claudio Rozencwaig, Argentina’s Under-Secretary for Foreign Policy, has voiced a fervent desire to deepen existing collaborations and explore mutually beneficial opportunities for both Argentinean and African enterprises. The focus? Agriculture and pharmaceuticals. This

September 16, 2023

Business·News·Oil & Gas

Breaking: NNPCL Signs MoU On Gas Supply With Indorama

The Nigerian National Petroleum Company Limited (NNPCL) has signed a landmark Memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries. The national oil company

September 16, 2023

Africa·Business·Finance & Economy·News·World News

Korea Pledges $28.6 Million Boost to Africa’s Development

In a move hailed as a testament to the enduring partnership between Korea and Africa, the African Development Bank and the Government of Korea have inked two groundbreaking agreements worth a combined $28.6 million. The signings took place during the 7th Korea-Africa

September 16, 2023

Russia Removes Taliban From Terrorist List In Major Diplomatic Shift

Agro-Economy·Business·News·World News

Global Coalition Counters Russia’s Food Weaponization

In a powerful display of determination, representatives from the United States, Romania, Ukraine, Moldova, and the European Union gathered for a second high-level meeting in Constanta, Romania to counter Russia’s food weaponization. Their mission is to combat the global food insecurity crisis

September 16, 2023

Business·News·World News

Lagarde Confiscates Colleagues’ Phones in Bid to Halt Leaks at ECB

In an unprecedented move, European Central Bank President Christine Lagarde seized the mobile phones of her fellow policymakers during this week’s meeting, delivering a stern rebuke for the persistent issue of crucial information leaks ahead of policy decisions. Lagarde’s bold action aims

September 16, 2023

Maintaining Healthy Diet For Nigerians Surge From N703 To N786- NBS Reveals

Business·Finance & Economy·News

Kogi, Lagos, Rivers Nigeria’s Costliest States in August 2023- NBS Reveals

The latest Consumer Price Index (CPI) data, unveiled by the Nigeria Bureau of Statistics, has illuminated a challenging financial landscape for residents in Kogi, Lagos, and Rivers states, as they grapple with soaring living costs. In a surprising turn of events, these

September 16, 2023

Business·News

Sony Partners With Startale Labs for Web3 Blockchain Project

In a groundbreaking move poised to reshape the digital landscape, Sony Network Communications, a pivotal player within the Sony Group, has unveiled plans to revolutionize the world of Web3 by partnering with Startale Labs. The electronics giant, known for its innovation and

September 16, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 427

Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

Ferrari Renews, Strengthens Partnership With Puma

AfDB, AFI Pledge $4 Million To Empower Women Entrepreneurs Across Africa

Investments In Nigeria’s Telecom Sector Hit $77bn In Q2 2023 – NCC

Argentina Aims To Foster Stronger Ties with African Development Bank

Breaking: NNPCL Signs MoU On Gas Supply With Indorama

Korea Pledges $28.6 Million Boost to Africa’s Development

Global Coalition Counters Russia’s Food Weaponization

Lagarde Confiscates Colleagues’ Phones in Bid to Halt Leaks at ECB

Kogi, Lagos, Rivers Nigeria’s Costliest States in August 2023- NBS Reveals

Sony Partners With Startale Labs for Web3 Blockchain Project

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Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

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