ASO Savings & Loans Delisted, Shareholders Lose Investments
NGX delists ASO Savings and Loans Plc following CBN's licence revocation. Shareholders face total loss as regulatory crackdown intensifies. Full details inside.
Category : Search result: shareholder losses
Tomato Prices Crash to 12-Year Low in Nigeria
Nigerian households and businesses enjoy stable tomato prices in 2025 after a record-breaking production year. Discover how strategic efforts broke a long cycle of scarcity and what challenges remain.
Nigeria's First Unmanned Fuel Stations Unveiled by AA Rano
AA Rano Nigeria partners with Petrosoft to launch fully automated, 24-hour fuel stations in January 2026. The innovation promises efficiency but raises concerns over massive job losses in the retail sector. Read more.
Dangote Refinery Price War Cost Petrol Retailers Billions
PETROAN reports the 2025 price war between Dangote Refinery and marketers led to massive losses for retailers, squeezed profits, and market instability. The group calls for urgent stakeholder dialogue.
NECA Faults Ban on Sachet Alcohol, Warns of Job Losses
Nigerian employers' body NECA criticizes the ban on sachet alcohol, warning it may worsen smuggling and cause massive job losses. They urge broader stakeholder talks.
Panic as fire guts Arena Market in Lagos
A devastating fire has razed sections of the Arena Market in Oshodi, Lagos, causing massive losses for traders. This comes just a week after the Balogun Market inferno. Read the full report.
Nigerian Celebrities Who Died in 2025
A heartbreaking look back at the Nigerian stars from Nollywood, music, comedy, and journalism who passed away in 2025. Remembering their legacies and impact.
US Jobless Rate Climbs to 4.6%, Highest in Four Years
US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.
Global Economic Losses from Disasters Down by a Third
Swiss Re reports a 33% drop in global economic losses from natural disasters to $220 billion in 2025, despite a record $40 billion LA wildfire. Insured losses fall 24%.
Aviation Experts Warn of Job Losses from 2026 Tax Reforms
Nigerian aviation experts warn new tax reforms from January 2026 could slash sector GDP by 20% and cut 30% of jobs. Learn the risks and calls for government intervention.
Cashew Export Ban Threatens Mass Job Losses in Nigeria
Kogi cashew stakeholders warn a proposed ban on raw nut exports could collapse farms, cause massive unemployment, and cripple the agro-export sector. They urge government investment instead.
Soft Drink Tax Hike Risks Jobs and Inflation, CPPE Warns
The CPPE warns Nigeria's proposed excise duty increase on beverages may trigger job losses and worsen inflation. Experts urge broader public health strategies instead. Read more.
Nigeria Loses $10bn Yearly to Post-Harvest Waste
Nigeria loses up to $10 billion annually from post-harvest losses, threatening food security and economic growth. Agritech CEO Segun Alabi calls for urgent action on storage and logistics.
Manufacturers Warn of Job Losses Over New Sugar Tax
Nigerian manufacturers oppose a Senate bill to raise sugary drink taxes to 20%, fearing massive job losses. Health Ministry backs the tax for public health funding. Read the full debate.
Nigeria loses $10b annually to post-harvest waste
Nigeria loses an estimated $10 billion yearly due to post-harvest losses, threatening food security. Expert Segun Alabi calls for urgent action on storage, processing, and turning waste into wealth.
Ibadan Shareholders Elect Gilbert Ayoola as New Chairman
Ibadan Zone Shareholders' Association elects Mr Gilbert Ayoola as eighth chairman during 31st-33rd AGM. New leadership pledges enhanced transparency and shareholder rights protection.
N2trn Industry Threatened by Sachet Alcohol Ban
FOBTOB warns Nigeria's N2 trillion beverage sector faces collapse from the sachet alcohol ban, threatening 5.5 million jobs. Urges Senate to reconsider.
Lagos launches N500bn food plan to boost production
Lagos State government unveils comprehensive agricultural transformation program targeting food security, price reduction, and post-harvest loss minimization through strategic initiatives.
Academy Press Endorses 15k Dividend, Bonus Shares
Academy Press Plc shareholders approved 15 kobo dividend per share and 1-for-5 bonus issue at 61st AGM. Company expands capital base amid strong financial performance. Read full details.
34.7 Million Nigerians Projected Food Insecure by 2026
A new report reveals 34.7 million Nigerians across 27 states will face food insecurity between June and August 2026. Farmers incur massive losses despite government interventions, threatening future food production.
Manufacturers Challenge NAFDAC's Sachet Alcohol Ban
Nigerian manufacturers demand reversal of sachet alcohol ban, warning of massive job losses and economic damage. MAN argues ban contradicts existing policies.
N120m Lost in Kano Market Fire, 44 Shops Destroyed
Massive fire destroys Singa Market in Kano, gutting 44 shops and goods worth millions. Trader Alhaji Salisu Abdullahi loses N120 million. Read full details on the devastating incident.
Group Condemns NAFDAC's Sachet Alcohol Ban
Civil society group Stand Up Nigeria condemns NAFDAC's ban on sachet alcohol, warning of 500,000 job losses and ₦1.9 trillion economic damage. Read the full details.
Sachet Alcohol Ban Threatens 500,000 Nigerian Jobs
Manufacturers Association warns NAFDAC's December 31 ban on sachet and PET bottle alcohol could eliminate 500,000 jobs and N1.9 trillion investments. MAN urges Senate reconsideration.
N4.64 Trillion Wiped Out in Nigerian Stock Market Crash
Nigerian stock market plunges 5.01%, wiping N4.64 trillion off investor wealth in massive selloff. Key stocks including MTN Nigeria, BUA Cement crash by 10%.
Elon Musk's $56B Tesla Pay Package Faces Shareholder Vote
Tesla shareholders are voting on Elon Musk's controversial $56 billion compensation package that could become the largest CEO pay deal ever. Discover the high-stakes battle and what it means for Tesla's future.
Nigeria Lost $300B to Oil Theft - Senate Probe
Shocking Senate probe exposes how Nigeria lost over $300 billion in crude oil revenues from Niger Delta region due to massive theft and pipeline vandalism over 10 years, threatening national economy.
Trump Effect Worsens Nigerian Stock Market Losses
Nigerian equities continue downward trend as Trump's political resurgence creates global market jitters. NGX sheds N1.36 trillion in two-day losing streak.
NLC, NECA warn of mass job losses over business policies
Nigeria's leading labour and employer groups issue urgent warning to government over harsh economic policies that could trigger massive job cuts and business closures nationwide.
Meta Stock Plummets After ₦2.4 Trillion Tax Hit
Meta Platforms faces massive profit decline as €1.9 billion tax charge from European operations sends shares tumbling. Discover how this impacts investors and the company's financial future.
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