Nigerian Breweries Plc has declared revenue of N337.01 billion for the financial year ended Dec. 31, 2020. The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019. The company disclosed this in its audited financial statement to newsmen signed by its Legal Director/Secretary, Mr Uaboi…
Nigeria’s headline inflation rose to 16.47 per cent in January 2021, the National Bureau of Statistics said on Tuesday. Buoyed by galloping food prices, food inflation also rose to 20.57 per cent in January, from 19.56 per cent in December. Inflation soared at 15.75 per cent in December, its highest level in 32 months, with the 0.86…
A Federal High Court, in Abuja, has issued an arrest warrant for the Managing Director, ExxonMobil Nigeria, Richard Laing, The Economic and Financial Crimes Commission (EFCC), had approached the court for an arrest warrant after three invitations to Liang were rebuffed. Justice Okon Abang on Friday, 29th January 2021, granted the EFCC’s application for the…
Osun State Governor, Mr Adegboyega Oyetola, on Friday inaugurated the construction work of a juice production company at the Omoluabi Free Trade Zone, Osogbo. This is just as the Governor reaffirmed the administration’s commitment to improving the ease of doing business and eliminate identifiable bottlenecks that can discourage investors. Addressing the gathering, Governor Oyetola said…
With a net worth of $185bn, the Chief Executive Officer SpaceX and Tesla, Elon Musk has emerged the world’s richest man. Musk is a major shareholder of the electric car company and has benefited from Tesla’s surging share price over the last year, overtaking the Amazon boss Jeff Bezos as the world’s richest. The South…
The Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees has frowned at the alleged anti-workers policies of Corporate Affairs Commission, vowing to shut down the headquarters of Commission from Tuesday 12, January 2021. Following the expiration of a 21-day ultimatum issued to the management of the Commission, AUPCTRE, an affiliate of the Nigeria Labour…
First City Monument Bank FCMB has appointed Mrs Yemisi Edun to act as managing Director following the stepping aside of embattled Adam Nuhu. Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom. She is…
Waste cart pushers have been banned from operating in Ogun by the state government on grounds of being “indicted of complicity in crimes across the state.” Special Adviser to the Governor on Environment and Chief Executive Officer of the Ogun State Waste Management Authority, Ola Oresanya said the ban is with immediate effect as activities of the…
The Founder of Inksnation decentralized autonomous organization DAO, Mr Amos Sewanu Omotade Sparks has stormed into regrets over starting Inksnation project in Nigeria. The inventor of Inksnation, who also doubles as the owner of Ibsmartify Nigeria Popularly Known as Universal Daddy Ink has expressed regrets over the Inksnation project he emanated from Nigeria. Omotade Spark…
Chief Judge of the Federal High Court, Justice John Tsoho, disclosed during a special court session, the High Court held to mark the commencement of its 2020/2021 legal year why the court froze the bank accounts of #EndSARS protesters. A Federal High Court in Abuja had frozen bank accounts belonging to individuals who promoted the…
