Business News - Page 6

A woman walks past a signboard of Samsung Electronics displayed outside the company's Seocho building in Seoul on April 5, 2024. - Samsung Electronics said on April 5, it expects first-quarter operating profits to rise more than 10-fold year on year as chip prices recover. (Photo by Jung Yeon-je / AFP)

Samsung Electronics forecasts major Q2 profit jump

Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The firm is the

1 day ago

by AFP

Nigeria may lose $27.2 billion Escravos seaport investment to other countries

Nigeria is on the verge of missing out on the $27.29 billion funding for the Escravos Seaport Industrial Complex (ESIC) project in Delta State, as well as related projects in seven other

4 weeks ago

Business·Business News

IHS commits $29 million to community-focused initiatives, sustainability

IHS Holding Limited has unveiled its 2023 Sustainability Report, where it disclosed that it has since 2017, committed $29 million to community-focused initiatives to promote growth and wellbeing.

4 weeks ago

Business·Business News

Kwara, FCMB promote responsible, inclusive agricultural investments

Kwara State Government has partnered with First City Monument Bank (FCMB) to enhance the ease of doing business across the state under the World Bank-funded State Action on Business Enabling Reforms (SABER)

4 weeks ago

Business·Business News

Digital media dominates marketing shift as print, OOH see low growth

Print and Out-of-Home (OOH) advertising media recorded the slowest Compound Annual Growth Rates (CAGR) of -5.1 per cent and -3.2 per cent, respectively, in the country's marketing communication over six years from

4 weeks ago

Business·Business News

Anchoria Asset pays N258m dividend

Shareholders of Ancoria Asset Management (AAM), a licensed Funds/Portfolio Manager, at its yearly general meeting, yesterday, approved a dividend payment totaling N258 million, representing a payout of 38 kobo per share.

4 weeks ago

Business·Business News

Firm partners Rivers State on CNG infrastructure

Towards sustainable energy and reduced transportation costs, Creek Transitway Ltd has signed a Memorandum of Agreement (MoA) with the Rivers State Government to establish Compressed Natural Gas (CNG) infrastructure within the state.

4 weeks ago

Business·Business News

NAICOM tasks industry players on commitment to new agenda

The National Insurance Commission (NAICOM) has urged industry stakeholders to prioritise regulatory adherence to realise new agenda of increasing insurance penetration and ensuring efficient prompt claims settlements in Nigeria.

4 weeks ago

Business·Business News

Emefiele ignored Buhari’s approved naira redesigned, printed his — Witness

A witness at the ongoing trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Tuesday told the Federal Capital Territory High Court, Abuja that there were deviations in the

4 weeks ago

Business News