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Nicholas Hyett

Shell profit soars to $23 bn in 2018

Energy giant Royal Dutch Shell on Thursday said its net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil prices and cost cuts.
The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS-Arnd Wiegmann

Apple warning delivers fresh blow for markets, global growth

Stock markets retreated once more Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping as much as $55 billion from its value and dragging down share prices in the wider technology sector.

Diageo profit boosted by Donald Trump tax reform

Guinness-maker Diageo said Thursday that its net profit jumped by a third during its first half, largely thanks to an exceptional gain following US President Donald Trump's tax reform.

Shell resumes all-cash dividend as oil price recovers

Royal Dutch Shell on Tuesday announced plans to resume all-cash shareholder dividends, as group profitability improves thanks to recovering oil prices and cost-cutting.

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Dangote Cement Industry

Shareholders seek more mergers, acquisitions in cement industry

Shareholders under the aegis of Constance Shareholders’ Association of Nigeria (CSAN) on Saturday said that mergers and acquisitions would improve cement industry activities on the Nigerian Stock Exchange (NSE).
North Korea has conducted another “crucial test” at its Sohae satellite launch site, state media reported Saturday, as nuclear negotiations between Pyongyang and Washington remain stalled with a deadline approaching.

North Korea conducts ‘crucial test’ at Sohae launch site

North Korea has conducted another “crucial test” at its Sohae satellite launch site, state media reported Saturday, as nuclear negotiations between Pyongyang and Washington remain stalled with a deadline approaching.

Tony Momoh: Anyone who calls President Buhari derogatory names will be dealt with

Prince Tony Momoh, a former Minister of Information on Saturday said Punch newspaper did nothing wrong by referring to President Muhammadu Buhari as a Major General.
Godwin Obaseki

Edo government begins revalidation exercise for pensioners in 18 local councils

The Edo State Government has announced the commencement of the revalidation exercise for pensioners in the 18 Local Governments Areas (LGAs) of the state.

Ondo governor presents staff of office to Olowo of Owo

Royal fathers from far and near who graced the occasion include Oba Adeyeye Enitan Babatunde Ogunwusi, Ooni of Ife, Oba Aladetoyinbo Aladelusi, Deji of Akure, Oba Victor Kiladejo, Osemawe of Ondo Kingdom and other prominent traditional rulers in the state.