Nigerian Breweries Seeks Shareholder Approval for Strategic Acquisitions of Distell Wines and Heineken Beverages

Nigerian Breweries is gearing up to present a pivotal proposal to its shareholders, seeking approval for the acquisition of a substantial 60 percent stake in Distell Wines and Spirits Nigeria Limited, along with a strategic takeover of Heineken Beverages (Holding) Limited's import business in Nigeria. The announcement, disclosed in a filing with the Nigerian Exchange Limited, sets the stage for a crucial shareholder meeting scheduled to take...

Read More

President Tinubu congratulates Liberia's president-elect, Joseph Boakai

President Bola Tinubu congratulates the government and people of Liberia on the successful conduct of the Liberian presidential election.   The President also congratulates President-elect Joseph Boakai, who won the mandate of the people, enjoining him to unite the country and build on the popular support expressed through the ballot box to deliver good governance to the people of Liberia. President Tinubu commends President George Weah...

Read More

Stakeholders highlight role of passion and mentorship in startup success at WES

Pioneers and successful players in startup businesses have unanimously advised that success can only come to upcoming entrepreneurs through passion and perseverance rather than the desire to get rich quick. They gave the advice on Thursday at the breakout session on the WorldStage Economic Summit 2023 held at the event centre of the Nigerian Exchange Group (NGX), Lagos, themed “The Game Changer.” Moderated by the Editor-in-Chief of Global...

Read More

Biden, Trump unpopularity trigger search for third party candidate for 2024 US election

Facing a likely choice between Republican Donald Trump and Democrat Joe Biden in the 2024 presidential race, many Americans are desperate for younger, less divisive options. A large and potentially consequential market for third-party candidates—one not seen since the 1990s—is a stark reminder that in Trump and Biden, the two major parties are likely to nominate unusually unpopular candidates. Their potential rematch of the 2020 election...

Read More

Biden administration slams Elon Musk for repeating a "hideous" antisemitic lie

The White House on Friday accused Elon Musk of repeating a "hideous" antisemitic lie on his social media site X this week, calling it an "abhorrent promotion of antisemitic and racist hate" that "runs against our core values as Americans." The White House statement follows decisions by at least two more major corporations to pull their advertising dollars from X after watchdog Media Matters found ads by IBM, Apple, and others were placed alongside...

Read More

CBN anticipates raising interest rates amidst rapid monetary policy shifts

In an upcoming meeting on November 20th and 21st, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)is expected to announce a further 100 basis point hike in its Monetary Policy Rate (MPR), signalling a continued commitment to combat inflation. Since the July MPC meeting, the monetary policy landscape has undergone significant changes, accelerated by recent initiatives introduced by the Central Bank, notably in October....

Read More

President Tinubu jets out Saturday to Berlin for G20 investment summit

Nigeria's President Bola Tinubu will jet out to Berlin on Saturday to attend the G20 Compact with Africa conference as he seeks to attract investments in energy and infrastructure and boost trade, his office said. The conference, hosted by German Chancellor Olaf Scholz, will focus on enhancing economic and business cooperation between African nations and G20 countries, spokesperson Ajuri Ngelale said in a statement. Tinubu will also participate...

Read More