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Neimeth records 102% revenue growth

07.02.2025
Neimeth International Pharmaceuticals Plc has reported a 102 per cent surge in revenue, rising from N2.2bn in 2023 to N4.5bn in 2024. The Managing Director and Chief Executive Officer of Neimeth, Valentine Okelu, disclosed this at a media parley on Thursday, where he provided insights into the company’s financial performance and strategic direction. According to...
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Fidelity Bank increases share capital to N36.7bn

07.02.2025
Fidelity Bank Plc has increased its issued share capital from N26.7bn to N36.7bn following shareholders’ approval at its Extraordinary General Meeting held virtually on Thursday. The decision, detailed in a corporate notice filed with the Nigerian Exchange Limited, involved the creation of 20bn additional ordinary shares of N0.50 kobo each, bringing the total issued share...
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Consumer goods market cap hits N11.1bn

07.02.2025
The consumer goods sector on the Nigerian Exchange has reached a total market capitalisation of N11.1bn. As of the latest trading data, the sector is experiencing increased performances across several of its companies, with beverages and food products at the forefront of this rise. Among the standout stocks, Golden Guinea Breweries PLC, despite a price...
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Eterna, Cadbury lead as investors gain N66bn

07.02.2025
Eterna Plc and Cadbury Nigeria Plc led the gainers’ chart as the Nigerian Exchange closed positive on Thursday, adding N66bn to its market capitalisation. At the end of trading, the All-Share Index increased by 105.26 points, or 0.1 per cent to close at 105,430.15 points. This represents a one-week gain of 0.65 per cent, a...
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Delta receives highest Moody’s ratings in decades

07.02.2025
Delta Air Lines has seen its credit rating raised to the highest level in decades by credit rating agency Moody’s Ratings. This upgrade is the third that Delta has received in the last eight months, reflecting momentum in continuing to strengthen the company’s balance sheet and financial foundation. Moody’s was the only agency that maintained...
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Marketers move to curb fuel tanker accidents

07.02.2025
Oil dealers in the midstream and downstream sectors of the petroleum industry have suggested steps to stem the tide of fuel tanker accidents on the road. The stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Independent Petroleum Marketers Association of Nigeria, the Petroleum Products Retail Outlet Owners Association of Nigeria, and others...
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NNPCL, JV partner to reduce gas flaring by 96%

07.02.2025
The Nigeria National Petroleum Company Limited said it has reduced gas flaring by 96 per cent at the Anyala (OML 83) and Madu (OML 85) fields, jointly managed by the national oil firm and the First Exploration & Petroleum Development Company Limited. It disclosed this in a statement issued on Thursday by NNPCL’s Chief Corporate...
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Suspend 4% Customs charge, LCCI advises FG

07.02.2025
The Lagos Chamber of Commerce and Industry has urged the Federal Government to suspend the newly introduced four per cent Customs processing charge (Comprehensive Import Supervision Scheme), citing a lack of consultation and the burden it places on businesses. The Director-General of LCCI, Dr Chinyere Almona, in a statement on Wednesday, condemned what she described...
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44% of businesses reduced workforce in 2024 – Report

07.02.2025
A report by Nigerian data company Mustard Insights has revealed that 44 percent of business owners in Nigeria reduced their workforce in 2024. According to the report, the findings, based on a survey of over 100 business owners, executives, and industry leaders, offer a comprehensive look at how the year’s challenging economic conditions affected organisations...
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AU, AFRIMA collaborate to boost music industry

07.02.2025
The African Union and the All-Africa Music Awards have strengthened their partnership with a formal agreement to promote Africa’s creative and cultural industries, particularly music. According to a statement, the AU signed a Memorandum of Understanding earlier in January cementing a decade-old collaboration it began in 2014 with AFRIMA’s inaugural awards. The agreement seeks to...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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