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Ahmad Farroukh Takes the Helm at Globacom Amid Major Overhaul
Globacom has appointed Ahmad Farroukh as its new chief executive officer, according to sources familiar with the situation. This strategic...
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IPMAN President Critiques Dangote’s Petrol Claims Amidst 40 Billion Naira Debt to NNPCL
Abubakar Garima, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has revealed that the organization is currently facing...
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GTCO Reports Record Pre-Tax Profits of N1.2 Trillion for 2024
GTCO Plc has announced its third-quarter results for 2024, revealing a pre-tax profit of N215.69 billion. This figure represents a...
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Naira Plummets Amid Dollar Liquidity Crisis
Nigeria's currency, the naira, has suffered a staggering depreciation, losing approximately 70% of its value against the U.S. dollar. This...
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Dangote Urges Direct Sourcing of Fuel from New Refinery Amid Supply Concerns
Aliko Dangote, Chairman of Dangote Group, called on petroleum marketers, including the Nigerian National Petroleum Company Limited (NNPC), to obtain...
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Globacom Loses 40 Million Subscribers After NCC’s Market Review
Nigerian telecom provider Globacom has seen a major drop in market share after a large-scale subscriber review by the Nigerian...
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Moniepoint Joins the Unicorn Club with New Funding Round
Nigerian fintech startup Moniepoint has raised $110 million in a recent funding round led by Development Partners International (DPI), pushing...
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FBN Holdings Launches Significant Capital Raise Through Rights Issue to Bolster First Bank of Nigeria
FBN Holdings Plc has kicked off a substantial capital raise via a rights issue, proposing nearly 6 billion new shares...
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Pick n Pay Exits Nigeria as Part of Restructuring Strategy
South African grocery retailer Pick n Pay has announced its exit from the Nigerian market by selling its 51% stake...
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Dangote Cement Invests Over $280 Million in Clean Energy Initiatives
Dangote Cement Plc has announced a significant investment exceeding $280 million (approximately ₦460 billion) in compressed natural gas (CNG) technology...
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