Cadbury Plc
31 Oct
The crisis facing the fast-moving consumer goods (FMCG) segment may not abate any time soon as two firms under the sector incurred a foreign exchange (FX) loss of N300 billion in their nine months of operations.
1 Aug
Net foreign exchange losses due to the currency crisis and related macroeconomic challenges have continued to take huge tolls on the profitability and overall performance of companies listed on the Nigerian Exchange Limited (NGX), leading to a combined loss of N723.8 billion by five companies in half year (HI) of 2024 alone. These five listed…
6 May
Manufacturing companies, especially those under the Fast-Moving Consumer Goods (FMCG) sector, have extended last year's losses into the first quarter (Q1) with financial reports of four firms in the sector reporting combined foreign exchange (FX) losses of about N300 billion.
Latest
2 mins ago
Justice Emeka Nwite of the Federal High Court, Abuja, has fixed March 4, 2025, for ruling in a suit seeking to stop the Independent National Electoral Commission (INEC) from enforcing the December 2, 2022, judgment of the Supreme Court of Nigeria on the fresh delineation of polling units and electoral wards in Warri South Local…
3 mins ago
The Army Council has approved the promotion of 108 senior officers to the ranks of Major-Generals and Brigadier-Generals in recognition of their meritorious service to the nation. The promotion, comprising 35 brigadier-generals to the rank of major-generals and 73 colonels to the rank of brigadier-general respectively, was approved at the council’s sitting on Thursday. The…
9 mins ago
The Nigeria Security and Civil Defence Corps (NSCDC), Oyo State Command, has deployed 2,550 officers across the state to ensure the safety and security of lives and property during the 2024 Yuletide season. Spokesperson of the Oyo State Command, Samuel Opebiyi, in a statement, said the deployment, directed by the State Commandant, Commandant Augustine Padonu,…
12 mins ago
The Contractor handling the construction work at the New Orie Ugwogo Market in Enugu East local government area, Enugu state, Geosquaremeter
14 mins ago
A fire incident has claimed the lives of a husband, his wife and their grandson which affected a storey building at Ori-Eru, Idikan area of Ibadan. The News Agency of Nigeria (NAN) reports that the fire incident occurred in the early hours of Friday. Mr Yemi Akinyinka, General Manager Oyo State Fire Services Agency, made…
16 mins ago
When it comes to entertainment, Lagos knows how to roll out the red carpet. From blockbuster premieres to cosy weekend hangouts, the city’s cinemas deliver an unmatched movie experience. But which one takes the crown? Explore Lagos' top cinemas to find out. Filmhouse Cinemas Filmhouse Cinemas offers the perfect blend of technology and ambiance. With…
17 mins ago
The Delta State Police Command has arrested five suspects for allegedly stealing a bus belonging to the Young Shall Grow (YSG) Transport Company. The spokesman of the Delta State Police Command, ASP Bright Edafe, paraded the suspects in a video he shared on his official X account on Friday morning. Edafe said their role in…
24 mins ago
A magistrates’ court in Ado-Ekiti has granted a N30 million bail to lawyer and human rights activist Dele Farotimi. Magistrate Abayomi Adeosun approved the bail application on Friday with conditions including two responsible sureties, the surrender of Farotimi’s international passport, and a prohibition on granting media interviews during the case. Farotimi was arraigned by the…
24 mins ago
The Leader Joe 1808 Foundation brought together 150 children from across Nigeria to celebrate sportsmanship and promote a vital cause, access to quality education for every child, through its junior golf tournament. The third edition of the Leader Joe 1808 Foundation Junior Golf Tournament teed off in Abuja, marking a significant milestone in the foundation's…