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Business - Page 429

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·Insights

Nigeria Destroying Illegal Refineries, Yet No Legal Refinery

In a two-minute documentary in early September entitled “War on Crude Oil Theft”, the Nigerian National Petroleum Company Limited (NNPCL) said it found and destroyed 93 illegal pipeline connections and 69 illegal refineries between July 15 and 21, 2023 in the Niger

September 15, 2023

Business·News·Oil & Gas

NNPC Retail’s N18.4 Billion Q1 Profit Post OVH Energy Deal- Mele Kyari Reveals

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), delivered a compelling testimony today before the House of Representatives Ad-Hoc Committee on the OVH Energy acquisition, shedding new light on the company’s remarkable success story post-merger.

September 15, 2023

AMA News·Business

FSD Africa @AFSIC 2023

LONDON, United Kingdom, 6 September 2022, /African Media Agency/- This year FSD Africa joins AFSIC 2023 in celebrating their 10-year anniversary with a decade of impact in strengthening and greening financial markets in Africa. At AFSIC 2023, FSD Africa will host an afternoon of high-profile dialogue

September 15, 2023

Business·News·Sports

Miami Firm 777 Partners To Acquire Everton Football Club

American investment fund 777 Partners has secured a conditional agreement to purchase British football club Everton, effectively ending the era of British-Iranian businessman Farhad Moshiri’s tumultuous reign. The undisclosed sum deal promises significant changes for the club, including financial stability and the

September 15, 2023

Business·News

NGX Mourns Founding Father Pa Akintola Williams

The Nigerian Exchange Group Plc (NGX) and its subsidiaries have mourned the passing of one of its founding fathers, Pa Akintola Williams, who departed this world on Monday at the remarkable age of 104. Pa Williams, a luminary in Nigeria’s corporate landscape,

September 15, 2023

Arm's Nasdaq Debut Surges, Valuation Tops $65bn

Business·Markets

Arm’s Nasdaq Debut Surges, Valuation Tops $64bn

In a remarkable Nasdaq debut on Thursday, chip designer Arm saw its shares soar, closing at $63.59 per share, a significant increase from the $51 offer price just the evening before. This surge in stock price not only valued the SoftBank-backed company

September 14, 2023

Business·News

Profile: Meet Zacch A. Adedeji, Acting FIRS Chairman

Dr. Zacch A. Adedeji, a seasoned professional with a wealth of experience in finance and public administration, has assumed the role of Acting Chairman of the Federal Inland Revenue Service (FIRS). The appointment follows his previous role as Special Adviser on Revenue

September 14, 2023

Africa·Business·News

Edo Government Explores Trade Opportunities With Namibia

Edo State Governor, Mr. Godwin Obaseki, has begun talks with the Namibian Government on potential trade and investment opportunities. This spans livestock production, technology, and management services, among other sectors, between the government of Namibia and Edo State. During a courtesy visit

September 14, 2023

Business

Rising Cost Of Drugs: Are Herbs Viable Option?

High cost of things in Nigeria has equally affected the prices of drugs making many who can’t afford them seek cheaper alternatives including resorting to herbal medication.

September 13, 2023

Business·News·World News

US August Inflation Hits 3.7%, Energy Prices Raise Interest Rate Worries

In a twist of economic fate, US inflation surged to 3.7% in August, breaking its steady decline since June 2022, primarily due to a sharp upswing in energy prices. This development, though still well below the alarming levels witnessed last year, has

September 13, 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 429

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

Nigeria Destroying Illegal Refineries, Yet No Legal Refinery

NNPC Retail’s N18.4 Billion Q1 Profit Post OVH Energy Deal- Mele Kyari Reveals

FSD Africa @AFSIC 2023

Miami Firm 777 Partners To Acquire Everton Football Club

NGX Mourns Founding Father Pa Akintola Williams

Arm’s Nasdaq Debut Surges, Valuation Tops $64bn

Profile: Meet Zacch A. Adedeji, Acting FIRS Chairman

Edo Government Explores Trade Opportunities With Namibia

Rising Cost Of Drugs: Are Herbs Viable Option?

US August Inflation Hits 3.7%, Energy Prices Raise Interest Rate Worries

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

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

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