Food and beverage companies Nestlé Nigeria Plc has posted a loss before income tax of N104 billion for the year 2023 compared to a profit before income tax of N71 billion for 2022.
In a 2023 financial statement of the company published on…
Cement manufacturers in Nigeria have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide.
The manufacturers present also expressed their readiness to bring down the prices in the future as soon…
The Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone.
According to a letter dated Monday, February 12, 2024, the price review, effective from Monday, February 19, 2024, is deemed necessary to offset the…
MultiChoice Group has disclosed that its subsidiaries have reached a settlement with Nigeria’s Federal Inland Revenue Service (FIRS) and have agreed to pay a total tax of N35.4 billion.
“In terms of the agreement, [MultiChoice Nigeria] and [MultiChoice Africa] shall pay a total…
The Securities and Exchange Commission and the Federal High Court have approved the plan of Glaxo Smith Kline Consumer Nigeria Plc to buy back its shares from minority shareholders.
This was revealed in a notice filed with the Nigerian Exchange Limited on Thursday.
GSK…
Dangote group says to its knowledge, no accusation of wrong-going has so far been made against of the companies in the group despite the show-stopping raid on the conglomerate’s Lagos headquarters on Friday.
In a one-page statement in Lagos at the weekend the…
Alhaji Abdul-Samad Rabiu, the Chairman of BUA Group, has affirmed the company’s commitment to maintaining the selling price of cement at N3,500 per bag starting January 2024.
He disclosed this while speaking to State House correspondents following a visit to President Bola Tinubu…
Multichoice Nigeria operators of DStv and GOtv have announced a second price increase for its packages this year, with hikes of at least 19% across all bouquets.
The new prices took effect from November 6, 2023, just five months after its last price upward review.
Multichoice,…
Nigerian consumers will soon see fewer Procter & Gamble (P&G) products on shelves, as the American multinational consumer goods company announced a limited market portfolio restructuring that includes pulling out of the Nigerian and Argentinian markets.
The decision, attributed to challenging macroeconomic and…
Owners of an indigenous biscuits company in Nigeria, Mayor Biscuits Company Limited (MABISCO), has stated that they have shut down the company and would be selling the multi-million-dollar biscuits plant. It will reinvest the proceeds into a new line of business, it…
