Business Explorer

Six customers win N1m each in Dangote cement promo

Six consumers of Dangote Cement-yesterday emerged the first set of millionaires in Lagos with the company presenting them with their winnings  in its ongoing “Bag of Goodies Season 3” National Consumer Promotion. Several others also won prizes such as television sets, fridges, standing fans and generators as they were urged to continue their patronage to stand the chance of winning the star…
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Economy

Lagos government to invest on meat industry

Lagos government to investing in value adding infrastructure with stakeholders in the meat industry to provide sought-after quality products for the benefit of Nigerians. In a keynote address during the Conference of Southwest Directors of Veterinary Services in Lagos…
AutomobileMarket

OPEC reveals Nigeria loses N101bn on oil

Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June, data from the Organisation of Petroleum Exporting Countries showed on Thursday. In its latest Monthly Oil Market Report for August 2022, OPEC stated that crude oil production figures based on direct communication indicated that Nigeria’s output…
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Economy

Federal govt. needs precaution in rising debt LCCI warns

The Lagos Chamber of Commerce and Industry has expressed worries over debt servicing cost of the Federal Government and advised it to consider deficit financing from equity instead of expensive debts spent on recurrent expenditures. The chamber made the call in a statement…
Brands & PeopleBusiness Explorer

BridgeGap unveiling new app for unemployment applicants

A firm, BridgeGap has launched 56 Bridge, a recruitment app to improve the process of job applications and reduce challenges in the recruitment process for organisations. In a statement, the app was launched in Lagos and aims to assist organisations to hire top talents from any part of the world. It added that job seekers could apply for jobs, write tests and attend interviews from the comfort of…
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Energy

Eterna records N4.1bn gross profit in half year

An integrated energy provider, Eterna Plc, said it recorded N4.1bn gross profit for the half year ended June 30, 2022. It said in a statement on its half-year financial statements released on the floor of the Nigerian Exchange Limited, that this was 57.9per cent increase…
Energy

Seplat denies ExxonMobil deal cancellation

Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government reversing its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited. The company also said it was seeking clarification from relevant authorities regarding the claims that the President, Major General Muhammadu Buhari (retd.), who doubles as Minister of…
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