August 9, 2025

Business

Business General

Indomie Revolutionizes Mother’s Day Celebrations with Innovative AI-Powered Digital Experience

In a groundbreaking move, Indomie, Nigeria’s leading noodle brand, has leveraged cutting-edge Artificial Intelligence (AI) technology to create an immersive digital experience that celebrates mothers across the country. This innovative initiative is part of Indomie’s Mother’s Day celebrations, aimed at honoring the selfless love and dedication of mothers. The AI-powered digital experience, which went live

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Business

Air Peace Marks One Year of Nigeria-UK Flights: A Year of Seamless Travel and Economic Growth

Air Peace’s inaugural flight from Lagos to London marked a significant milestone in Nigeria-UK air travel, and one year later, the airline’s impact is still being felt. With multiple weekly flights, Air Peace has provided Nigerians with seamless travel options to the UK, fostering economic growth, cultural exchange, and reunions between families and friends. The

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Business

Nigerian Equity Market Records N31bn Loss Amidst Sustained Bearish Trend –

Nigerian Equity Market Records N31bn Loss Amidst Sustained Bearish Trend – The Nigerian Exchange Limited (NGX) extended its losing streak on Thursday, with investors shedding N31 billion in market capitalisation. This decline marks a continuation of the recent downturn in the equity market.Market Performance HighlightsThe All-Share Index (ASI) dropped by 0.05% to 105,426.12 points.Market capitalisation

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Business

ICSAN Breaks Ground on New National Secretariat to Enhance Corporate Governance

The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has commenced construction of its national secretariat in Alausa, Ikeja, Lagos. This milestone project aims to strengthen corporate governance, enhance professional development, and provide a hub for knowledge exchange and policy discussions. ICSAN President, Funmi Ekundayo, emphasized that the new secretariat represents the institute’s commitment

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Business

Ecobank Transnational Incorporated Announces Impressive 179% Profit Increase for 2024

Ecobank Transnational Incorporated has released its 2024 financial statement, revealing a remarkable 179% increase in profit after tax to N735.9 billion, up from N263.5 billion in the previous year. Key Financial Highlights Loan and Deposit Growth Financial Resilience

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Business

Nigerian Equity Market Records N31bn Loss Amidst Sustained Bearish Trend

The Nigerian Exchange Limited (NGX) extended its losing streak on Thursday, with investors shedding N31 billion in market capitalization. This decline marks a continuation of the recent downturn in the equity market. Market Performance Highlights Losers and Gainers Sectoral Performance Despite the downturn, the market has sustained a year-to-date gain of 2.43%, reflecting underlying investor

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Business

NNPCL Set to Launch Historic Initial Public Offering

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it is in the final stages of preparation for its much-anticipated listing on the capital market, in compliance with the Petroleum Industry Act (PIA) 2021. In a statement issued on Thursday in Abuja, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, confirmed the development, highlighting the

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Business

MTN, Airtel Restructure Network Agreement, Eyeing Cost Efficiencies –

​In a strategic move to enhance operational efficiency and expand service coverage, MTN Group and Airtel Africa have entered into network-sharing agreements in Nigeria and Uganda. This collaboration aims to reduce infrastructure costs while extending mobile services to underserved regions.Ralph Mupita, President and CEO of MTN Group, emphasized the growing demand for digital and financial

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Business

Pharmaceuticals Exempted from Import Duty and VAT for Two Years, Says Customs –

The Nigeria Customs Service (NCS) has announced a two-year exemption from import duty and Value Added Tax (VAT) on critical raw materials essential for pharmaceutical production. Presidential Approval for Tax ReliefThe exemption, granted under a presidential executive order, was disclosed on Wednesday in a statement by the NCS National Public Relations Officer, Assistant Comptroller Abdullahi

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Business

Benue Brewery Launches Sales And Aims To Create 1,000 Jobs Amid Beer Production Growth –

The Benue Investment and Property Company (BIPC) has commenced the sale of its locally brewed Zeva Premium Beer and Oyi Bitters, with a projection to generate over 1,000 direct jobs once its permanent brewery becomes fully operational The Managing Director and Chief Executive Officer of BIPC, Dr. Raymond Asemakaha, made this announcement on Wednesday during

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