Business News

Managing Director and CEO of Hobark Consultant Management Services Limited, a business primarily focusing on human capital management and the Founder of Mepon Limited, Dr Emmanuel Okoroafor, in this interview with Chibuzo Ihegboro harps on…

By Emeka Okoroanyanwu Nigerians were taken aback on Monday when report came out that Retail Supermarkets Nigeria Limited, a subsidiary of Shoprite International Limited is planning to divest its majority stake in the Nigerian outfit. …

Pascal Oparada A lot has been said about the reason for the exit of the retail store, Shoprite, from the Nigerian market. The retail giant has given reason for divesting its shares from the Nigerian franchise. According to Shoprite,…

Virgin Atlantic Airways has filed for bankruptcy, as the aviation industry continues to be ravaged by the Coronavirus pandemic. The Virgin Group airline filed for Chapter 15 bankruptcy, in New York, on Tuesday, marking the latest…

Unilever Nigeria Plc has declared a turnover of N60.5 billion for the financial year which ended in  December 2019. In line with its resolve to enhance profitability, the Board and Management of Unilever Nigeria Plc has assured the…

Nigeria’s Agriculture firm, Okomu Oil Palm Plc, has recorded N4.007 billion as profit after tax in H1, 2020. This is an increase when compared to the N2.529 billion posted by the firm during the corresponding period of 2019. Okomu…

Mrs. Nneka Onyeali-Ikpe has been appointed the Managing Director/Chief Executive Officer of Fidelity Bank Plc by the Board of Directors of the bank. Onyeali-Ikpe's appointment followed the retirement of Mr. Nnamdi Okonkwo, whose…

In spite of the challenges induced by the COVID-19 pandemic, the Umuchinemere Pro-credit Micro Finance Bank (UPMFB) has disbursed N518.8 million loans to empower a total of 2,356 active poor in Enugu State in the first half of the year…

The Federation Accounts Allocation Committee (FAAC) has shared N651.184 billion as June 2020 Federation Account Revenue to the Federal, states and local government areas as well as relevant agencies across the country. The Director…

Pascal Oparada These are not the best of times for subscribers of StarTimes, a pay-TV in Nigeria. The company has announced a staggering price increase, which left its consumers baffled. The company had announced via zoom press…