…shed jobs over the past four years as funding dropped and investors shifted focus to profitability. “It is not enough to cite restructuring or reorganisation,” the court said. “The employer must show by evidence that he has genuinely undertaken business restructuring or adopted new technology or made some other genuine…

…services to other merchants. Jumia, another African e-commerce giant still seeking profitability, has made similar moves by tapping Chinese suppliers. Who wins here? With Takealot’s new strategy, shoppers who prioritise lower prices over fast delivery are getting more options as the company broadens its supplier base.…

…does not surrender his outlawry. He merely pauses and restructures it for greater profitability. In Yorubaland, we say that when an iroko acquires witchery, no sacrifice can appease it. You go for the roots. That is where those who urge us yesterday and the day before not to name, examine and call out the source of Nig…

…robust growth in earnings, while profit after tax stood at N9.74 billion. The improved profitability translated into stronger shareholder returns, with earnings per share rising to N7.20 from N3.57 in 2024. SAHCO also strengthened its balance sheet during the year. Shareholders' equity increased to N62.21 billion, high…

…was disclosed at the 16th edition of the company's Annual General Meeting. In terms of profitability, SAHCO reported a Profit Before Tax, PBT, of approximately N12.007 billion, compared to N6.486 billion achieved in 2024, demonstrating strong year-on-year growth. Profit After Tax, PAT, also stood at approximately N9.74…

…making money from the suffering of innocent Nigerians." According to him, the growing profitability of kidnapping is one reason criminal groups continue to expand. "When criminals realise there is money to be made, they continue. They recruit more people. They buy more weapons. They become more organised." He warned th…

…cost optimisation and strategic business development initiatives aimed at sustaining profitability and long-term growth," Oke said. "While the outlook for both the global and domestic economy remains cautiously optimistic, we are confident in the resilience of our business and our ability to continue delivering sustain…

"a defining year," adding that Aradel delivered "record revenue and profitability" while executing its most transformational expansion. He also noted that the full earnings contribution from NDW and Renaissance will be reflected from 2026 onwards. Driving the numbers Aradel's revenue growth was supported by all three o…

…of its annual results, the company said all of its operating ecosystems had reached profitability, marking a milestone in its effort to build businesses capable of generating earnings beyond Tencent. Prosus generated $7.3 billion in revenue and $1.1 billion in ecosystem adjusted Earnings Before Interest, Taxes, Depreci…

…Amazon prioritizes filling genre gaps and attracting subscribers over individual film profitability, viewing box office as a "critical first moment" for broader engagement. This streaming-first strategy is highlighted by the movie's direct-to-Prime release in France, bypassing theaters entirely. Ultimately, Amazon is p…

…company's financial performance and restructuring efforts closely as it seeks to improve profitability and strengthen its balance sheet.

The 2025 financial year will likely be remembered as one of the most transformative periods in Nigeria's downstream petroleum industry. The continued implementation of market-based fuel pricing, changing supply-chain dynamics, and increasing domestic refining capacity reshaped competitive conditions across the sector. …