Business

The depreciation of the naira has left Nigerian Breweries record its second straight losses – the biggest ever on record — in 2024 after the beer maker posted N144.9 billion in net losses, according to the company’s audited financials. But despite the FX-induced losses, the pioneer and largest brewing company in Nigeria reported an unprecedented […]

A Delta flight arriving at Toronto Pearson Airport from Minneapolis appears to have overturned while landing on Monday afternoon, with photos across social media showing an airplane with its belly up on the tarmac. Delta Flight 4819 crashed while landing around 2:45 p.m. local time, Federal Aviation Administration officials said in a statement, as powerful […]

The Police Service Commission (PSC) has approved the appointment of Olohundare Moshood Jimoh as the new Commissioner of Police for Lagos State Command. The announcement was made on Monday, in a statement signed by the Commission’s Head of Press and Public Relations, Ikechukwu Ani. Before this appointment, Jimoh served as the Commissioner of Police, Ports […]

Earlier in the day, one of our national dailies published a striking headline: “State Salaries Rise by 90% to #3.8tn; 27 States Depend on Federal Allocation to Pay Salaries; Plan 6.259tn IGR.” A closer examination of this concerning report reveals that seventy-five percent (27 out of 36) of Nigerian states rely entirely on federal allocations […]

PZ Cussons Nigeria is looking to convert a $34.3 million debt to its parent group, PZ Cussons (Holdings) to equity. This will see the parent group increase its stake in PZ to 82.79 percent, from the current 73.27 percent. PZ Cussons, in its explanatory statement, disclosed that the outstanding loan from its parent group stands […]

The National Agency for Food and Drug Administration and Control (NAFDAC), Monday, February 10, 2025, raided EKUMI Drug Market in the Ariaria area of Aba, Abia State, where it discovered methamphetamine (Mpuru Mmiri), banned and some unregistered medicines in some shops in the market. Also discovered Monday, which was day-one of the raid, were Analgin […]

The Nigerian National Petroleum Company (NNPC) Limited through its subsidiary NNPC Gas Marketing Limited (NGML), has acquired a 15 percent equity stake in Starzs Gas Limited’s Compressed Natural Gas (CNG) mother station in Iwhrekan, Ughelli South Local Government Area of Delta State. The 2 million standard cubic feet per day (2mmscf/d) facility, estimated at over […]

Nigerians in Canada seeking job opportunities can find valuable career and employment information, targeted referrals and free resources in and around Calgary from community partners. This includes workshops, employment, and training programmes offered by various community organisations, non-profit agencies, colleges, private schools, businesses, and employer organisations. Here are some of them: Job fairs Mar 12| […]

Gov Sim Fubara (right); in a handshake with Orukwem Amadi-Oparaeli, Managing Director of Rivers State Waste Management Agency (left); during the swearing-in ceremonies … Demands innovative approaches that may generate income Gov Sim Fubara of Rivers State says the era of open waste dumping system is over. He has thus charged the new board he […]

In January 2025, African startups raised a record $289 million in funding, a 240% increase from $85 million in January 2024. This surge in investment makes January 2025 the second-best month for startup funding in six years, surpassed only by January 2022, when Africa’s funding boom reached its peak. The bulk of the funding, $262 […]