Italtile profit drops 14 per cent as cheap imports squeeze margins
Italtile’s trading profit fell 14 per cent to R1.8 billion as the South African manufacturer struggled against a surge of low-cost imported tiles.
Category: Companies
Afreximbank H1 2026 Profit Rises 30 Per Cent to $535 Million
The African Export-Import Bank (Afreximbank) recorded a 30 per cent increase in net income to $534.7 million for the first half of 2026, driven by expanded lending.
FCT High Court Orders Stanbic IBTC to Pay N15m Over Privacy Breach
The FCT High Court has ordered Stanbic IBTC Bank to pay N15 million in damages to two former customers, setting a precedent for data privacy in Nigeria.
DStv and GOtv subscribers report activation delays as Premier League returns
MultiChoice Nigeria subscribers are reporting significant delays in service activation despite successful payments, creating friction as the English Premier League season begins.
Guinness Nigeria reports profitability recovery in new growth phase
Guinness Nigeria Plc has reported a return to improved profitability as part of a strategic growth phase designed to mitigate the impact of macroeconomic volatility.