eTranzact International Plc posted a profit before tax (PBT) of N536.4 million for the 2021 financial year. The figure is 128.66 per cent improvement from the N1.87 billion loss recorded …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
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General Motors records 40% profit decline in Q2
General Motors has reported a 40 per cent year-over-year decline in net income as revenue rose 4.7 per cent in the second quarter, but the automaker said it expects stronger …
- AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Keystone Bank launches apprentice savings account
Keystone Bank Limited, a commercial bank in Nigeria, has launched special savings account for business owners known as the ‘Keystone Apprentice Settlement Savings Account.’ According to the bank, the new …
- AfricaBanking, Finance & InvestmentBusinessNigeriaWestern Africa
UBA appoints new GMD and other executive members
United Bank For Africa (UBA) has appointed Oliver Alawuba as its new group managing director (GMD). The bank made the announcement in a statement on Monday. According to the bank, …
- AgricultureBusinessEastern Africa
Low Rainfall, High Cost Of Farm Inputs Hindering Agriculture Production – CBK
Low rainfall, high cost of fertilizer and seeds, and high fuel prices hindered production in the agricultural sector in July, a new survey has shown. According to the Agriculture Sector …
Samsung Electronics is set to unveil its latest range of foldable devices August 10 as the company gears up for an even larger share of the smartphone market pie. The …
The Federal Government of Nigeria has banned the importation of subscriber identity module (SIM) cards. Minister of Communications and Digital Economy, Isa Pantami made the announcement on Monday, August 01, 2022, in …
- AfricaBusinessEnergyNewsNigeriaOil & GasWestern Africa
Seplat Energy begins commercial injection of crude oil through Amukpe-Escravos pipeline
Seplat Energy, Nigeria’s leading energy supplier has commenced the commercial injection of crude oil through the new Amukpe-Escravos Pipeline located in Niger Delta. The company previously depended on the Trans …
Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader …
MultiChoice will launch a new movie channel called Movie Room on its DStv satellite service later this month. The channel will be packaged and operated by the Ngwato Nkosi Group, the same …