NNPC pays its ₦450 billion Federation Account debt

The Nigerian National Petroleum Corporation has finally offset its indebtedness of ₦450bn to the Federation Account.The Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse,...

99% packaging materials sourced locally by NB for sustainable development

In its quest for sustainable development in the manufacturing sector, the Nigerian Breweries (NB) Plc says it sources 99 per cent of its packaging...

Michelin group’s global workforce to downsize by 1.8 pct by 2021

French tyre maker Michelin said on Thursday it planned to cut 1,950 jobs by 2021, mostly in France, as it reorganizes its regional divisions...

Nestle CEO sees transparency as path to regaining status

Nestle and other big brands have to go "an extra mile" to win consumers' trust, as the world's largest packaged foods maker battles the...

NNPC loss persists, records ₦39.3bn deficit in four months

The monthly financial losses of the Nigerian National Petroleum Corporation since the beginning of this year continued in the month of April.Figures from the...

₦140 billion lost every week to Apapa Wharf road – Dangote

The President, Dangote Group, Aliko Dangote yesterday said the Federal Government loses about ₦140billion weekly because of the deplorable condition of the Apapa ports...

Forte Oil plans to sell shares worth ₦20 billion

Forte Oil Plc has made its plans known, to sell shares worth ₦20 billion to institutional and high net worth investors, and has applied...

Infinix Mobility stores in 7 cities in Nigeria

In a committed effort to extend its products and services to its customers across the nation, Infinix Mobility has unveiled first set of exclusive...

FG hands over reconstruction of Wharf Road to Dangote, Flour Mills

Federal Government has handed over the Apapa Wharf troubled road to Dangote and Flour Mills for concrete overlay reconstruction which is expected to gulp...

Julius Berger records ₦3.8 billion loss in 2016, ‘worst year in...

Hit by the country’s economic recession and the devaluation of the nation’s currency which paralysed most projects last year, Julius Berger recorded a loss...

Amazon is buying Whole Foods at $13.7 billion, U.S. stock dips...

Amazon is buying Whole Foods in a stunning move that gives it hundreds of stores across the U.S. - a brand-new laboratory for radical...

Nestle may sell its U.S. confectionery business

Nestle may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth, in the Swiss food group's latest effort to improve...

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