Business

Guinness declares N265bn revenue, PAT up 53% to N25.3bn

Guinness declares N265bn revenue, PAT up 53% to N25.3bn

By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
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How small businesses can innovate

How small businesses can innovate

When you think about innovation, do you think about Silicon Valley and technological advances and companies with big research and development budgets? Most people do, but the truth is that even the smallest businesses, from one-chair barbershops to popcorn vendors on the street, are capable of coming up with ideas that capture customers’ imaginations. When that happens, you are on your way to building a great brand.

IMF urges African countries to cut budget, increase tax rate

IMF urges African countries to cut budget, increase tax rate

The International Monetary Fund IMF has called on Africa countries to address fuel subsidy, cut 2015 expenditure profile, increase in tax rate and exchange rate flexibly where possible as measures that could help countries tied over the raving global oil price crash.

Dangote meets Mugabe on investment approval

Dangote meets Mugabe on investment approval

Nigeria’s billionaire, AlhajiAliko Dangote has met with the Zimbabwean President Robert Mugabe on the need to speed up the necessary approval for his investment in power, mining and cement industries in the southern African country.
Dangote who paid a courtesy call on President Mugabe reminded the President at his tate House yesterday that he was awaiting the relevant approvals to set up the group’s investments.

ICSAN moves against mediocrity among Nigerian business workers

ICSAN moves against mediocrity among Nigerian business workers

The Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN, has charged Nigerians on the need to continuously pursue excellence in their workplace, even as it frowns at mediocrity that has remained the problem among workers.

Top 10 performing stocks

Top 10 performing stocks

Dangote Sugar Refinery Plc led other top performing equities on the Nigerian Stock Exchange, NSE, last week with the share price rising by 20.80 per cent or N1.25 to close at N7.26 from N6.01 per share. Skye Bank Plc trailed closely behind, rising by 17.59 per cent or N0.35 to close at N2.34 from N1.99 the previous week.