African Business News

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Seplat Energy grows revenue by 36.9% amid crisis

By Ifunanya / April 28, 2023

Indigenous energy company, Seplat Energy Plc, grew its revenue by 36.9 per cent to $331m in the first quarter of […]

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Retailers step up as institutional investors shun traded funds

By Ifunanya / April 28, 2023

Institutional investors are abandoning the Exchange Traded Funds segment of the Nigerian capital market, creating a void that retail investors […]

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FG plans supplementary budget as NEC suspends subsidy removal

By Ifunanya / April 28, 2023

The National Economic Council, on Thursday, in Abuja, asked the Federal Government to put the June deadline for petroleum subsidy […]

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Freight rate up as 50 per cent of foreign vessels exit Nigeria

By Ifunanya / April 27, 2023

Aminu Umar, the President of the Nigerian Chamber of Shipping has said the freight rate increased to 70 per cent […]

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Samsung Electronics logs worst quarterly earnings in 14 years

By Ifunanya / April 27, 2023

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a […]

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NAHCO grows profit to N3.8bn

By Ifunanya / April 27, 2023

Nigerian Aviation Handling Company Plc said its pre-tax profit rose by 315.1 per cent in 2022, riding on the back […]

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50% foreign vessels exit Nigeria, freight hike looms – Shipowners

By Ifunanya / April 27, 2023

The President of the Nigerian Chamber of Shipping, Aminu Umar, says rising insecurity and poor government policies have forced about […]

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NANS gives MultiChoice seven days to reverse price hike

By Ifunanya / April 26, 2023

threatens to shutdown sales outlets nationwide The National Association of Nigerian Students, South-west Zone, has given MultiChoice Nigeria, a seven-day […]

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$22bn needed to turn around free zones in Delta, other states

By Ifunanya / April 26, 2023

To fully realise the gains of economic zones, an investment of about $22 billion is required in Delta and other […]

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Food prices high globally – World Bank

By Ifunanya / April 26, 2023

Inflation in food prices remains high globally, according to the World Bank’s Food Security Update issued on Wednesday. Between December […]

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