Cement maker Lafarge Africa’s quarterly profit nearly doubles as sales hit N91 billion
Lafarge Africa’s net profit for the three months to March expanded almost twice as much as its bottom-line one year prior, and the cement maker is anchoring optimism for a similarly strong scorecard this quarter on sustaining a “good demand momentum” and cost control. The firm increased revenue by more
Elon Musk secures $46.5 billion funding for Twitter purchase and is exploring a tender offer
Elon Musk has secured a $46.5 billion (over €42 billion) financing commitment to acquire Twitter and is considering starting a tender offer for its outstanding shares, according to a filing by US regulators on Thursday. On April 14, 2022, the Tesla and SpaceX boss offered to buy all of the
Carlos Ghosn: French prosecutors issue arrest warrant for disgraced businessman
French prosecutors have issued an international arrest warrant for disgraced businessman Carlos Ghosn. Prosecutors in Nanterre, France said that the arrest warrant against the former head of Nissan and Renault was one of five issued. Ghosn fled to Lebanon in 2019 while out on bail facing financial misconduct charges in
France’s left could be decisive in who wins the election. But will they turn out to vote?
Some of France’s left-wing voters are struggling to decide how to vote in the presidential run-off that will see incumbent President Emmanuel Macron face far-right candidate Marine Le Pen. Even those who say they are planning on voting for Macron in the second round said that it would be hard
Russia test-fires new intercontinental ballistic missile
MOSCOW — The Russian military said Wednesday it successfully performed the first test of a new intercontinental ballistic missile, a weapon President Vladimir Putin said would make the West “think twice” before harboring any aggressive intentions against Russia. The test launch of the Sarmat missile comes amid soaring tensions between
FCMB offerings meet customer, regulatory requirements – SON
LAGOS — The Standards Organisationof Nigeria (SON) has again validated the capacity of First City Monument Bank (FCMB) to provide best-in-class products and services that always meet consumer and regulatory requirements. SON, the only regulatory body vested with the responsibility of standardising and regulating the quality of all products in
Adamawa teenager bags three-year jail term for stealing livestock to buy clothes
An 18-year-old, Usman Hassan, is to spend 3 years in prison for stealing livestock in order to buy Sallah clothes for his siblings in Adamawa State. The teenager reportedly stole two rabbits, six chickens, two ducks and a half carton of fish in Yola, the state capital, with the
Buhari appoints special assistant on job creation amid rising unemployment
President Muhammadu Buhari has approved the appointment of Mrs Matilda Mmegwa as the Senior Special Assistant to the President on Employment and Job Creation (Office of the Honourable Minister of Labour and Employment). This was contained in a statement issued on Thursday by Femi Adesina, the Special Adviser to
Manchester United captain, Harry Maguire received bomb threat to his home
Manchester United captain, Harry Maguire has received a bomb threat to his home. The threat was reported to Cheshire Police, who conducted a sweep of the England international’s home, where he lives with his two young children and fiance Fern Hawkins. A spokesman for Maguire said: “In the last
President Buhari meets Service Chiefs and others over rising insecurity
President Buhari is currently meeting with service chiefs, the Inspector General of police, and some ministers in the council chambers of the presidential villa. The meeting comes one week after the national council of state advised the president to convey a security meeting to deliberate on issues of national