G-III Apparel Group has reported a drop in profit in the third quarter of the year amid logistical issues at its distribution centers. The Nasdaq-listed group posted net profit of 61.1 million dollars in the three months to October 31,…
Tommy Hilfiger owner PVH Corp fell into the red in the third quarter despite stronger-than-expected revenue. The US fashion giant made a net loss of 186.7 million dollars in the period compared to a profit of 279.7 million dollars a…
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has two billion litres of Premium Motor Spirit (PMS) in stock. This is contained in a statement issued by the Executive Vice President Downstream NNPC Limited Mr Adeyemi Adetunji. Adetunji…
Abuja Electricity Distribution Company (AEDC) has disconnected electricity supply to Niger Government, its Ministries and parastatal agencies over unpaid N1.3 billion electricity bills. Legal Officer at the AEDC, Mr Aminu Ubandoma, told journalists in Minna on Thursday that the company…
Member represen ting Toto/Gadabuke Constituency at the Nasarawa State House of Assembly, Mr Labaran Shafa, says Gov. Abdullahi Sule has donated four transformers to communities in his constituency. This, he said, the gesture would boost socio-economic activities and lives of…
Nigeria’s leading consumer goods companies earned a whopping sum of N1.059 trillion as revenue in the last nine months of the year 2022, outperforming their earnings in the corresponding period of 2021 of N811.887 billion. According to the information contained…
By Philemon Adedeji The Nigerian equities market opened the new month mixed albeit with a bearish tilt as the benchmark index closed marginally lower by 3.4 absolute points or 0.1 per cent to settle at 47,656.64 points from 47,660.04 points…
The Accident Investigation Bureau Nigeria (AIB-N) has become a multi-modal transport Accident Investigation Agency as it can now investigate serious incidents and accidents in the aviation industry, maritime, rail and road following the repeal of the AIB Act. The body…
Some air passengers at Nnamdi Azikiwe International Airport (NAIA), Abuja have urged the Federal Government to strengthen economic policy to improve the Naira value to curb skyrocketing air fares. According to them, strengthening the value of the Naira will help…
Nigeria’s leading airline, Air Peace, has received two new Airbus 320 aircraft to support its operations. A statement made by the airline disclosed that with the new aircraft, the airline has increased its Airbus fleet to 10. According to the…
