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Business & Economy

Otedola backs down on acquisition of stakes in Transcorp Plc

Chairman of Geregu Plc, Femi Otedola has sold his 6.3% stake in Transnational Corporation Plc (Transcorp) to its chairman, Tony Elumelu. The group chairman...

Flutterwave boss, Olugbenga Agboola acquires stakes in Lagoon Hospital

Flutterwave CEO and Co-founder, Olugbenga Agboola OON, has been announced alongside Fola Laoye as directors of one of Nigeria’s most sought-after healthcare service providers...

Oando Energy to roll out 12,000 electric vehicles across Nigeria

Nigerian energy giant, Oando Clean Energy Limited (OCEL), has concluded plans to introduce 12,000 electric buses on Nigerian roads within seven years. The...

‘You are an asset to Nigeria,’ NEC tells Osinbajo

The National Economic Council, comprising State Governors, and some members of the Federal Cabinet, on Thursday eulogised the leadership qualities of the Vice President...

Removal of fuel subsidy may not be immediate – FG

The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo, has agreed that the timing for the removal of subsidy should not...

Oodua states set to launch regional rail and power projects

Following the signing of the Electricity and Railway Acts 2023 by President Muhammadu Buhari, the six Southwest states of Ondo, Ogun, Osun, Oyo, Ekiti...

Peak milk back pedals, apologise over offensive advert

FrieslandCampina WAMCO Plc, manufacturers of the iconic milk brand, Peak Milk have apologised to the Christian Association of Nigeria, CAN, over a controversial advert...

Unilever rests Omo, Lux, Sunlight to sustain business

Unilever Nigeria Plc says it is stopping the production of the legendary OMO, Sunlight and Lux home care brands as it struggles to sustain...

Peak milk runs into troubled waters… CAN demands apology over ‘offensive’ ad

The Christian Association of Nigeria (CAN) on Monday came hard on FrieslandCampina WAMCO Nigeria Plc, makers of Peak Milk, for using an “offensive” advert...

FG reschedules 2022/2023 deep offshore mini bid round

Citing concerns expressed by both local and international investors over the closeness of the deep offshore mini bid round to the terminal date of...

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