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Category Archives: Business

Mouka Kicks Off National Consumer Promo “Season of Celebration”

Mouka, Nigeria’s leading brand of mattresses, pillows, and other bedding products, has recently commenced a national consumer promo dubbed “Season of Celebration”. According to the manufacturer, the promotion is intended to excite consumers with gifts on purchases made from April 2023 while stock lasts. Despite the situation in Nigeria, the Mouka brand remains committed to adding comfort to the lives ... Read More »

Renowned Marketing Communication Icon, Omnicom Media Group (OMG)’s Regional Chief Executive Officer, Tolu Ogunkoya Dies

The Regional Chief Executive Officer of Omnicom Media Group (OMG) West & Central Africa (WeCA), Tolu Ogunkoya has passed on, leaving behind an indelible footprint in the marketing communication industry. Ogunkoya passed on in the United Kingdom on Tuesday, April 25, 2023., according to his family. Until his death, he was the Chairman of the 15-Member Ministerial Task Team set ... Read More »

GTCO hits 74.1b profit in 1st quater of 2023

Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2023, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦74.1billion, representing an increase of 36.5% over ₦54.3billion recorded in the corresponding period ended March 2022. The ... Read More »

Economist: Dismantle Trade Barriers to Sustain Growth, Dangote Urges African Countries …Commits over $20bn to Pan-African Investments

Economist: Dangote Urges African Countries to Dismantle Trade Barriers to Sustain Growth, Overall Devt Africa’s foremost entrepreneur and President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player also expressed the irrevocable ... Read More »

Rite Foods Celebrates Workers’ Contribution to Economic Development on International Workers’ Day

Rite Foods Limited, a world-class and Nigeria’s leading company in the food and beverage industry, has on International Workers’ Day, commended the significant role of workers in various spheres through immense hard work and strong commitment in their organisations which constitute the different economic sectors of the country. The indigenous and Proudly-Nigerian company with award-winning brands such as the 13 ... Read More »

Dangote: Global Partnerships and Investments saved 12m lives from Malaria deaths

As the World Malaria Day is marked globally, President of Dangote Group and United Nations’ Malaria Ambassador for Nigeria, Aliko Dangote has called for joint actions by all stakeholders globally if the collective goal of the disease elimination by 2030 is to be achieved. Dangote in his World Malaria Day statement titled “With Urgent Investment, Innovation and Implementation, Zero Malaria ... Read More »

Rite Foods Urges Refreshing Moments for Muslims with its Quality Brands For Eid el-Fitri Celebration

Rite Foods Limited, the market leader in the food and beverage sector of the Nigerian economy, with arrays of quality brands, admonishes Islamic believers to have rejuvenating moments with its award-winning brands as they celebrate this year’s Eid el-Fitri festival, to mark the successful completion of the one-month fasting during Ramadan. Ramadan fasting, which is the period of penitence and ... Read More »

Aviation Unions Vow Total Airports Shutdown After 7 Days

The striking aviation unions on Tuesday vowed to have a total shutdown of the airports after seven days as they staged a procession to the international wing of the Murtala Muhammad International Airport (MMIA). Security operatives also took over the venue of the protest where the unions converged on Monday, the first day of their two-day warning strike when the ... Read More »

Dangote Sugar pays N18.22bn Dividends, to produce 170,000 Tonnes next season

Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders. Chairman of the Company, Aliko Dangote said: ... Read More »

GTCO Plc Releases 2022 Full year Audited Result

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦214.2billion, representing 3.3% dip from ₦221.5billion posted in the corresponding year ended December 2021 on the back ... Read More »