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Nigerian Breweries records 27.3% drop in profit

<p>Stanley Opara Nigerian Breweries Plc has reported a 27.3 per cent fall in its profit before tax for the 2016 financial year. Its 2016 group profit before tax tumbled to N39.62bn from N54.51bn recorded a year ago. The firm’s group revenue for the 2016 financial year stood at N313.74bn compared to N293.91bn posted a year […]</p> <p>The pos...
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Shoprite profit jumps on sales growth in Nigeria

<p>South African retailer Shoprite reported a 15.5 per cent jump in half-year profit, buoyed by sharp sales growth in Angola and Nigeria. Shoprite scrapped plans to merge with Steinhoff International on Monday. Shoprite, which sells mostly groceries, has grown...
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How to get a bank draft

<p>You can walk in and get one from a teller in your bank, or you may be able to request one online in some banks. Your chances are best if you go through a bank that you currently have an account with: most banks only provide this service to customers. Benefi...
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Outrage as Indian-packaged garri sells in Nigeria

<p>Anna Okon Nigerians on Monday expressed outrage after it emerged that Indian-packaged garri was being sold in the country. The garri is packed in a 500g bag, which has the picture of a lady and an inscription, ‘TRS’ (Asia’s Finest Foods) on it, with a...
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Outsourcing: Untapped economic goldmine in Nig – Experts

<p>BPO will Create 250,000 jobs in one year – Onu Experts have advised the Federal government not to undermine the potentials to grow the nation’s economy through Business Processing Outsourcing(BPO), the sub-sector, they said its viable to attract...
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16 power turbines now functional, generation rises – Report

<p>Okechukwu Nnodim, Abuja About 16 power generating turbines have in the last one week become functional and pushed up electricity generation from a little above 3,000 megawatts recorded earlier this month to 4,302.1MW on February 18, 2017. Findings showed th...
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Funding, main challenge of power sector – Eko Disco boss

Funding, main challenge of power sector – Eko Disco boss

<p>Well, it depends on the capacity of the transformers. Regardless of the number of streets, some transformers can serve them especially those communities that do not consume much energy. There could be one transformer supplying two or more streets.</p> <p>Th...
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Indigenous companies lack capacity for oil, gas production – PwC

<p>INDIGENOUS oil companies in Nigeria may still have a long way to go in the exploration and production of oil and gas, if the verdict of the PricewaterhouseCoopers, one of the foremost global auditing firms is anything to go by.</p> <p>The post <a rel="nofol...
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Market gains N29bn as CBN reviews forex policy

<p>Stanley Opara The Nigerian equities market appreciated by N29bn on Monday as the Central Bank of Nigeria released a new foreign exchange policy in the country with immediate effect. The Nigerian Stock Exchange market capitalisation rose to N8.738tn from N8....
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CBN to make forex available for PTA, school fees, others

<p>Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Monday modified its foreign exchange policy with the reduction of the tenor of its forward sales from the current maximum cycle of 180 days to 60 days from the date of transaction. For business and persona...
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