DStv loses 1.2 million subscribers in Nigeria
MultiChoice Group, the parent company of MultiChoice Nigeria, has reported a 1.2 million decrease in active DStv subscribers. The company stated this on Wednesday in its financial result for the year, which ended March 31, 2024. It said the decline…
Algrain Foods MD denies receiving loan from Nigerian bank
The Chairman/Chief Executive Officer of Algrain Foods Limited, Chief Anthony Obidulu, maintained his stand before a Lagos High Court sitting in Osborne that First City Monument Bank, FCMB, never advanced any loan to him. Rather, the money in question was…
Kuda raised nearly $100m in five years, says CEO
Kuda Technologies, a fintech company operating in Nigeria and the United Kingdom, has raised close to $100m in funding over the past five years, the Chief Executive Officer, Babs Ogundeyi, announced on Wednesday. Ogundeyi made the disclosure during a panel…
UBA announces over N2trn revenue, N607.69bn profit
The United Bank for Africa (UBA) has announced a 143 per cent increase in its gross revenue to N2.08 trillion for the 2023 financial year, making it the highest ever for the bank. The bank also announced a Profit After…
Meet Titi Cole, one of the most powerful women in global finance
Key Highlights . Titi Cole is a powerful woman in the global finance industry, thanks to her 20+ stint in various organisations. . Cole recently resigned from her role as Citigroup Executive leaving a notable gap in Citigroup’s leadership, particularly…
Tesla’s New Mega Factory Project in Shanghai Granted Permit
Tesla’s New Mega Factory Project in Shanghai Granted Permit Tesla, Shanghai, China, market, energy SHANGHAI: A new mega factory project of US carmaker Tesla Inc. has been granted a construction permit, the management committee of Lingang new area of the…
Princess Oghene listed among Africa Under-40 CEOs
In recognition of her hard work, dedication and pursuit of excellence, the Chief Executive Officer of GMYT Group Limited, Princess Kelechi Oghene, was recently honoured as part of Africa’s Under 40 CEOs Honourees, class of 2024, at the Africa’s Under…
The interesting facts about Aigboje Aig-imoukhuede Appointed as Access Holdco Chairman
The Interesting facts about Aigboje Aig-Imoukhuede appointed as Access Holdco Chairman The leadership of Access Holdings Plc has announced Aigboje Aig-Imoukhuede, CFR, as its Non-Executive Chairman, replacing Mr. Abubakar Jimoh. Aig-Imoukhuede’s return comes in the wake of the untimely passing…
Nestle Nigeria reports N104 billion loss in 2023, shareholders funds wiped out
Nestle Nigeria Plc has reported a loss before tax of N104 billion for the year ended 2023 compared to a profit before tax of N71 billion same period in 2022 This is according to the 2023 financial statement of the…
Sterling Bank CEO Advocates For AI Development To Maintain Global Competitiveness
In a keynote address at the just concluded Innovate AI Conference in Lagos themed “Adapting AI For Nigeria, Crafting Intelligent Solutions for Our Unique Landscape,” Suleiman warned that neglecting AI could jeopardize efforts aimed at enhancing business efficiency and national…