Consumer goods company, BUA Foods, has said its 2022 full year revenue rose by 26 per cent to N418.3bn from N333.2bn in 2021.
It also reported a 31 per cent appreciation in its profit after tax for the financial year ended December 31, 2022 when compared to the previous year.
This was disclosed in the 2022 financial year results of the company filed with the Nigerian Exchange Limited on…
The United Bank for Africa has revealed plans to sell the Abuja Electricity Distribution Company to recover a $122m debt the Disco is owing it.
The lender had in December 2021 taken over the disco following the government’s approval.
The plan to sell was revealed at the…
The National Agency for Food and Drug Administration and Control on Wednesday in Abuja sealed two shops for allegedly selling unapproved products to Nigerians.
The shops are located in the Zuba Central motor park and Utako main market.
The News Agency of Nigeria reports that…
Lagos-Ibadan Expressway Completed April 30, Drainage Delayed, Oyo Section - FG
April 6, 2023
The Minister of Works and Housing Mr Babatunde Fashola, has said the Lagos-Ibadan and Abuja-Kano Expressways will be completed by April 30.
The minister gave the assurance at the pre-inspection of the completed Loko-oweto Bridge in Nasarawa State on Wednesday.
Fashola said, “I want to appeal to commuters on that road for continuous patience and understanding: it is a difficult project to execute…
The Federal Government has secured $800m from the International Bank for Reconstruction and Development (World Bank) to provide post-petroleum subsidy palliatives for over 50 million Nigerians ahead of June 2023.
The Minister of Finance, Budget and National Planning, Zainab…
In a bid to facilitate a seamless parking experience across the metropolis, the Lagos State Government has partnered ARCA Payment Ltd. to develop a parking payment application that will enhance coordinated parking operations.
Revealing this development at a partnership…
The Director of the Correctional Service Special Study Centre of the National Open University of Nigeria, Francis Enobore, has called on sub-national governments and well-meaning Nigerians to support the free education policy of the NOUN for prisoners to enhance sustainable reintegration upon discharge.
Enobore made this call during a courtesy visit to the Controller-General of Nigerian…
The Nigerian Exchange Limited has recorded N318.52bn of listings across its equities, fixed income, mutual funds and derivatives categories in the first quarter of 2023.
This was disclosed in the X-Compliance report of NGX released on Tuesday.
According to the report…
The Federal Government has said the second Niger bridge will be fully open to vehicular movement on May 15.
The Minister of Works and Housing Babatunde Fashola revealed this on Tuesday while inspecting and confirming the completion of the Loko-Oweto Bridge and link roads…
The African Development Bank has approved a grant of $525,000 for an online digital hub to serve as a repository of knowledge for fintech entities in Africa.
This was disclosed during the signing ceremony for the Letter of Agreement between the AfDB Group and the Africa Fintech Network based on the grant to support the Africa Fintech Hub Project.
Speaking at the signing ceremony in Abuja on…