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Guinness Nigeria Announces Changes to Board of Directors

Guinness Nigeria Plc has announced key changes to its board of directors, reflecting its commitment to strong corporate governance and strategic leadership. The announcement is contained in a statement signed by the company’s Legal Director/Company Secretary, Abidemi Ademola. The statement announces as follows: “Dr…

Tech Giant, IBM, Exits Nigeria

American technology company, International Business Machines (IBM), has exited the Nigerian economic space. The company announced that it is also leaving other African countries like Ghana, while it transfers its operations to a third-party company. IBM is one of the latest international companies to…

NAICOM Issues Additional Annuity Rules For Insurers

The National Insurance Commission has issued additional regulations for insurers in the annuity business in Nigeria. According to a statement on Friday, NAICOM which said the new regulations are effective February 1, said they were issued in a bid to sanitise that segment…

LCCI Calls for Stronger Investments in Critical Infrastructure

Director General, Lagos Chamber of Commerce and Industry (LCCI), Dr Chinyere Almona, has said that for Nigeria to achieve its quest for a trillion-dollar economy, the country needs more investments in critical infrastructure to drive the much-needed digital revolution for growth and development. She…

Guinness Nigeria Delivers 82.2% Revenue Growth in H1’25

Guinness Nigeria Plc has announced its unaudited financial results for the six months ended 31 December 2024, showcasing impressive resilience and strategic growth in a challenging macroeconomic environment. The company reported an 82.2% revenue increase, growing from ₦142.60 billion in H1’24 to ₦259.60…

Company Registry: CAC Trains Staff on Compliance, Enforcement

The Corporate Affairs Commission, CAC, has conducted an in-house training for hundreds of its staff across the country on formalising businesses and enhancing post-incorporation compliance. The training, which took place on Monday in Abuja, came under the theme: ‘Re-engineering the Commission for Compliance…

Nigerian Breweries to Temporarily Shut Down Two Plants

Following the recent announcement of its business recovery plan, Nigerian Breweries Plc, yesterday, officially announced on the Nigerian Exchange Limited (NGX) plan to temporarily shut down   two of its plants as part of reorganisation. This move came after the company recorded a net…

Eko DisCo Removes Tinuade Sanda As MD

The managing director of the Eko Electricity Distribution Company (EKEDC), Tinuade Sanda, has been relieved of her appointment with immediate effect. This is according to a letter signed by  the chairman of the DisCo, Dere Otubu, In the letter dated March 21, 2024, titled…

GB Foods Opens N20bn Tomato Processing Plant to Cut Import Bill

GB Foods, a leading culinary business across Africa and Europe has opened a N20 billion state-of-the-art tomato processing plant in Kebbi state to boost paste production in Africa’s most populous nation and help reduce import bill of the commodity. The farm and factory, spanning 1,500 hectares of land,…
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