Tag:
loss
News
Lagos Faces N578 Billion Loss Due to Naira Depreciation on Foreign Loans
The Lagos State Government has suffered a massive financial setback in 2023, recording a staggering N578 billion loss on foreign loans due to the...
News
Tragic Double Loss: Son of Former NIA Director Dies Hours After Father’s Passing
In a heartbreaking turn of events, Mubarak Zakari, the son of Nigeria’s former Director-General of the National Intelligence Agency (NIA), has died just hours...
Tech
Revenue Decline: Jumia Faces $20m Loss, Withdraws from South Africa, Tunisia
E-commerce giant Jumia Technologies AG has reported a $20.1 million operating loss for the third quarter of 2024, marking a 10% increase from the...
Business
Nestle Nigeria Records Staggering N255bn Loss in First Nine Months
Nestle Nigeria Plc has recorded a massive pre-tax loss of N255.38 billion in the first nine months of 2024. This shocking result marks a dramatic...
News
Tragic Loss: Five Air Force Officers Die in Fatal Road Accident
In a tragic incident, five officers of the Nigerian Air Force (NAF) lost their lives in a road traffic accident on Tuesday. The accident occurred...
News
Blame Gowon, Not Ironsi for Nigeria’s Loss of Regional Autonomy – Analyst
In a recent interview, UK-based Nigerian lawyer and social commentator, Dr. Dele Ogun, has made bold claims about the historical decisions that led to...
News
Tragic Loss: Ogun INEC Commissioner Dies Suddenly in Abuja
Barrister ‘Niyi Ijalaye, the Resident Electoral Commissioner (REC) for Ogun State, has died. He passed away on Monday evening in Abuja after a meeting...
Tech
Jumia Posts $20.2 Million Operating Loss in Q2 2024
Africa’s leading e-commerce group, Jumia, reported a $20.2 million operating loss for the second quarter of 2024, reflecting an 8% reduction in losses compared...