Heineken Reports 12.5% Rise In Half-Year Operating Profit, Misses Analysts’ Estimates
Heineken’s half-year results have shown 12.5% profit, falling short of estimates, with a $948 million China resources impairment charge.
Heineken’s half-year results have shown 12.5% profit, falling short of estimates, with a $948 million China resources impairment charge.
Fitch Solutions has projected that Nigeria’s inflation will moderate to below 25% by end of 2024 after peaking at 34.19%
SERAP has sued CBN over unaccounted N100bn dirty notes and other funds, emphasising that recovering missing funds would serve public interest.
ITF has collaborated with CIPMN to launch a special certification for Nigerian artisans, to enhance skills and professionalise the industry.
BUA Cement has announced plans to expand production to 20 million tonnes annually, boosting capacity from 17 million tonnes.
The Taskforce on Illegal Air Charter Operations has alleged that Nigerian private jet owners illegally conduct commercial charters, causing revenue losses.
CITN and ANAN leaders have applauded government’s windfall tax decision, urging judicious use of collected taxes for national benefit.
Dangote Industries says its refinery has to source 67% of it’s crude oil needs outside Nigeria to meet production capacity.
The Central Bank of Nigeria sold FX to 29 Authorised Dealer Banks, ensuring liquidity at rates between N1470.00/$1 and N1510.00/$1.
OpenAI has launched SearchGPT, an AI-powered search engine, challenging Google’s dominance and integrating with ChatGPT for enhanced results.
Health expert Francis Fagbule says Nigeria’s government should invest revenue from sugar sweetened beverage tax in public health initiatives.
Italian oil and gas giant, Eni, has received regulatory approval from the NUPRC for the sale of Agip to Oando
NEITI has urged the FG to eliminate gas flaring by 2025 as Nigeria’s energy demand is projected to rise significantly.
Manufacturers have urged the CBN to reconsider its approach to controlling inflation, warning that rising borrowing costs affect economic stability.
Nigeria plans to partner with the world’s largest EV battery manufacturer for its renewable energy technology manufacturing zone, Evergreen City.
Nigerian Exchange Limited has reported N540.48 billion in foreign transactions for H1 2024, a significant increase from N145.08 billion in 2023.
Moody’s ratings has estimated Nigeria’s windfall tax to yield 0.3% of 2024 GDP, a marginal and temporary revenue measure, pending approval.
Rivian Automotive is to face court over allegations of encouraging ex-Tesla employees to steal confidential trade secrets.
CFG Advisory CEO Tilewa Adebajo says Dangote Refinery’s success can help reduce inflation in Nigeria and boost productivity.
AEDC has partnered with Transafam Power to deliver 50MW embedded power generation to Abuja’s Idu commercial hub, enhancing energy reliability.
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