Forex Turnover Plunges, Leading To Naira Depreciation As Dollar Sales Drops By $252m
On Friday, Dollar sales at the Nigeria Autonomous Foreign Exchange Market (NAFEM) took a steep nosedive, plummeting by $252 million […]
Business
Nigerian Sachet Alcohol Ban Threatens Billions In Investments, 5.5m Jobs, Says Manufacturers
The Distillers And Blenders Association Of Nigeria (DIBAN) has raised a dire alarm, stating that Nigeria stands to lose investments
Nigeria, Brazil Eye Direct Flight Link Between Lagos, São Paulo To Boost Bilateral Ties
Nigeria and Brazil are exploring the possibility of establishing direct flight operations between Lagos and São Paulo, in a bid
NERC To Hike Price Of Prepaid Meter Amidst Economic Challenges
In response to the growing challenges faced by meter manufacturers due to escalating production costs, the Nigerian Electricity Regulatory Commission
Apple To Face €500 Million Fine Over Alleged EU Competition Law Breaches
Reports suggest that the European Commission is gearing up to levy a hefty fine of around 500 million euros against
Rising Exchange Rates Strain Estate Developers, Delaying Projects, Increasing Costs Of Building Materials
Estate developers in Nigeria are facing mounting challenges in meeting project deadlines due to surging exchange rates. This predicament is
Economist Jeffrey Sachs Advocates Long-term Financing For Africa’s Growth
Professor Jeffrey Sachs, the Renowned economist, has emphasized the necessity for Africa to secure long-term loans to fuel its growth
UK Govt Allocates £300m To Improve Security In Nigeria, Other African Countries
In a move towards bolstering security and stability in Africa, the UK Government has provided over £300 million for programs
Nike To Cut Over 1,600 Jobs Amidst Economic Pressures
Nike, the global sportswear giant, has announced plans to trim its workforce by about 2%, amounting to over 1,600 job
AfDB Warns of Social Unrest Amidst Rising Prices Of Food, Fuel, Other Commodities
The African Development Bank (AfDB) has sounded the alarm, cautioning that soaring prices of goods and fuel could ignite social