Dangote, MTN, Others Lose N1.7tn To Naira Depreciation In 2023

LAGOS MARCH 21ST (NEWSRANGERS)-Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of their financial statements published on the website of the Nigerian Exchange Group, the listed firms incurred significant losses in the 2023 financial year,…

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Nigeria Breweries Sack s Over 380 Workers As Dollar Scarcity Pushes Coy’s Loss To N106.3bn

LAGOS FEBRUARY 18TH (NEWSRNAGERS)-Nigerian Breweries Plc’s workforce has been reduced by 380 workers as the brewer struggled with the loss induced by surging cost and the naira floating policy of the Central Bank of Nigeria last year. NB joined brewery firms like International Breweries Plc which declared N59.5bn net loss in 2023 and Champions Breweries…

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CAF: Players Of Gambia’s Football Team Escape Death As Plane  Loses Oxygen While Airborne

LAGOS JANUARY 11TH (NEWSRANGERS)-A plane carrying Gambia’s national soccer team made an emergency landing after a sudden loss of oxygen during their flight to compete in the Africa Cup of Nations tournament. A chartered flight Wednesday carrying the “Scorpions” returned to Gambia’s capital Banjul after being airborne for nine minutes when the crew realized there…

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Hilda Baci Loses Guinness World Records Longest Cooking Marathon

LAGOS NOVEMBER 7TH (NEWSRANGERS)-Hilda Baci, the Nigerian Jollof Queen, who recently achieved a new Guinness World Records (GWR) for the longest cook-a-thon, has been dethroned, barely five months after. The GWR had in June announced  that Hilda is the new record holder for the longest cooking marathon (individual), after reviewing all footage of the exercise. 93…

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