Domestic airlines operating in Nigeria have said they will discontinue operations nationwide with effect from Monday May 9, 2022 until further notice as a result of the fuel increase nationwide.
In a statement by the Airline Operators of Nigeria (AON), it stated that member airlines have carried on deploying and subsidizing their services to the Nigerian flying public in the last four months…
BUA Foods Plc, a newly consolidated food conglomerate led by Nigerian billionaire businessman Abdul Samad Rabiu, reported a profit of N69.76 billion ($167.84 million) at the end of its 2021 fiscal year thanks to a double-digit percentage increase in revenue.
BUA Foods’…
Billionaire Mike Adenuga to receive $3.1 million in dividends from Nigerian oil company
April 11, 2022
Mike Adenuga, a Nigerian billionaire and telecom tycoon, is set to receive a N1.29-billion ($3.1 million) dividend from his stake in Conoil Plc after the petroleum marketing company reported a triple-digit percent increase in earnings.
Adenuga, the founder of Nigeria’s…
MTN Nigeria, a leading telecommunications services provider led by Nigerian business executive Karl Toriola, has received final approval from Nigeria’s apex monetary authority, the Central Bank of Nigeria (CBN), to launch its payment service bank.
According to the final approval, the payment service bank will be known as Momo Payment Service Bank Limited (Momo PSB) and will operate as a…