Business – Page 440 – Rise Africa

Nestlé returns to profit with N30.2bn gain – Punch Newspapers

02.05.2025

Nestlé Nigeria Plc has returned to profitability in the first quarter of 2025, posting a profit after tax of N30.2bn, a significant recovery from a loss of N142.7bn recorded in the same period of 2024. According to the unaudited financial statements for the period ended March 31, 2025, the food and beverage giant recorded a...

BUA Foods records N125.3bn PAT – Punch Newspapers

02.05.2025

Bua Foods Plc has posted a profit after tax of N125.3bn for the first quarter ended March 31, 2025, representing a 124.5 per cent increase from N55.8bn recorded in the same period of 2024. According to its unaudited financial results filed with the Nigerian Exchange Limited on Wednesday, the company recorded a turnover of N442.1bn...

Improved income drives NGX Group to profitability – Punch Newspapers

02.05.2025

The Nigerian Exchange Group Plc recorded a 58 per cent rise in profit after tax to N2.11bn in the first quarter ended March 31, 2025, compared to N1.34bn reported in the corresponding period of 2024. The group’s unaudited financial statements, filed with the Nigerian Exchange Limited, showed that the growth in profit was largely driven...

Customs intercept N921m contrabands at Apapa ports – Punch Newspapers

02.05.2025

The Nigeria Customs Service said it intercepted 11 containers carrying unregistered sex drugs, expired foodstuffs, and other contraband worth N921bn at Apapa Ports between January and to date. Addressing journalists while showcasing the seized containers in Apapa on Wednesday, the Comptroller-General of Customs, Adewale Adeniyi, stated that the 11 containers comprised five 40-foot containers, two...

AfDB commits $650m annually to drive Nigeria’s transformation

02.05.2025

The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity. The Bank disclosed this in a statement published on its website on Thursday, saying that $2.95bn would be provided over the first...

Intellectual property crucial for business success – Experts

02.05.2025

Experts have stressed the importance of Intellectual Property in building competitive, sustainable, and investor-ready businesses, especially for women entrepreneurs across Africa. According to a statement, stakeholders emphasised the benefits of Intellectual Property while speaking at the 2025 World Intellectual Property Webinar, organised by non-profit organisation, ImpactHER, in partnership with the African Union. The event attracted...

Firm unveils talent platform for PWDs

02.05.2025

K&K Fashion House has unveiled a free talent platform designed to spotlight the creativity of persons living with disabilities to promote inclusion. Founder of K&K Fashion House, Akinmade Dorcas, in a statement, noted that the initiative, themed ‘Empowering Every Talent, Celebrating Every Ability,’ offers participants the opportunity to showcase their skills in music, fashion design,...

Sterling Bank to support customers with funds

02.05.2025

Sterling Bank has announced the introduction of AlwaysOn by Sterling, a bold new feature on its OneBank platform that will give eligible customers up to N1m extra every month, even when their account balances are running low. Launched on Workers’ Day 2025, the initiative is part of an ongoing movement to remove structural barriers to...

GIZ, WTO empower young entrepreneurs in trade

02.05.2025

The inaugural edition of TradeConnect has been launched in Lagos, showcasing Germany’s strategic support through Deutsche Gesellschaft für Internationale Zusammenarbeit in empowering Nigeria’s emerging exporters under the African Continental Free Trade Area. According to a statement, the two-day training programme recently held in Lagos and organised by the World Trade Organisation’s Young Trade Leader, Eric...

Firm unveils talent development programme for youths

02.05.2025

Blanche Aigle Communications has launched a talent development programme designed to equip young graduates with practical skills for the communications and digital media industries. In a statement released recently, the agency highlighted a skills gap in the industry despite the increasing demand for high-impact campaigns. The statement pointed out that youth unemployment among individuals with...