***Post negative shareholders’ funds lReturn on equity negative ***Analysts warn investors to look beyond share-price gains By Peter Egwuatu At least nine companies listed on the Nigerian Exchange Limited, NGX, are facing significant balance-sheet pressure, with shareholders’ funds turning negati...
business
Nestlé Nigeria Plc is seeking regulatory and shareholder approval for the proposed transfer of its waters and premium beverages business to Peranel, a 50:50 joint venture between its parent company, Nestlé S.A., and global investment firm Platinum Equity. The post Nestlé Nigeria ...
business
Making cryptocurrency payments easier to use is as much a challenge as building the infrastructure behind them, Breet chief operating officer Vivian Mbene told Moonshot by TechCabal in Lagos on Wednesday. Mbene said the company’s biggest task was making a complicated product appe...
News
Political economist and Nigeria Democratic Congress (NDC) chieftain Professor Pat Utomi has proposed strengthening the naira to N500 per dollar, projecting that the exchange rate target, alongside infrastructure investment and structural reforms, could cut the prices of several s...
business
Africa’s ability to benefit from artificial intelligence will depend on bringing down the cost of using it, Oji Udezue, president of Enzi, told Moonshot by TechCabal in Lagos. Udezue said reducing the cost of inference, the process through which AI models generate responses and p...
parks
For over three months, 100 clubs from Lagos have been competing for the 1xCup 2026 title, a share of the N20 million prize pool, and the attention of scouts from professional clubs. The climax of Nigeria’s premier grassroots tournament is fast approaching. On October 31, the Insp...
safety
Goods and household items worth millions of naira have been destroyed as a result of fire that ravaged some shops in Gbaji market in Ibadan, the Oyo State capital. Our correspondent reports that Gbaji market is located along the Ibadan/ Ife Expressway. The incident occurred Thurs...
government
The Lagos State Electricity Regulatory Commission (LASERC) has established Electricity Complaints Resolution Panels to address unresolved disputes between electricity consumers and service providers across Lagos State. The post LASERC establishes panels to resolve electricity com...
News
By Prince Osuagwu The life of a Nigerian phone user is funny. With power cuts and long days on the road, battery life is no longer just a specification on a phone’s spec sheet, it is peace of mind. This is because, a dead phone can mean missed calls, stranded commutes and lost wo...
government
Peter Obi has faulted President Tinubu’s campaign posture for the 2027 election, questioning his energy and competence to govern Nigeria during a summit. Read More: https://punchng.com/obi-faults-tinubu-campaign-posture-questions-capacity-to-govern/...
News
Seven new modular refineries with a combined capacity of 83,000 barrels per day are projected to commence operations in Nigeria next year, says Argus Media Read More: https://punchng.com/seven-modular-refineries-to-begin-operations-in-2027/...
Local
Residents of Olaoluwa Community in Lagos lament their deplorable community road, which has been in disrepair for over 30 years, causing hardship and danger Read More: https://punchng.com/residents-groan-over-deplorable-lagos-community-road-seek-repair/...
News
The Nigerian Army has deployed a new battalion and an artillery regiment to Kano State to strengthen security and improve its response to emerging threats. Read More: https://punchng.com/insecurity-army-deploys-new-battalion-artillery-regiment-to-kano-2/...
