PZ Cussons to Sell African Subsidiaries Amid Nigeria’s Economic Challenges
PZ Cussons, a multinational consumer goods company, is selling its African subsidiaries due to Nigeria’s economic challenges. The parent company of PZ Cussons Nigeria announced plans for a partial or full sale to mitigate exposure to the devalued…
Nigeria Records N6.95 Trillion Trade Surplus in Q2 2024, Driven by Strong Export Performance
Nigeria’s trade surplus soared to N6.95 trillion in Q2 2024, driven by robust export performance despite a slight dip in overall merchandise trade. This marks a 6.60% increase from the previous quarter’s surplus of N6.52 trillion. According…
Why Nigeria Receives the Largest Share of Our Foundation’s Intervention Funds in Africa – Bill Gates
Bill Gates, the Co-chair of the Bill and Melinda Gates Foundation, revealed that Nigeria receives the largest share of intervention funds allocated by the foundation in Africa. Gates made this statement during an interview with selected journalists on…
PENGASSAN Queries High Influx of Indians in Oil and Gas Industry
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed concern over the increasing number of Indians in the oil and gas industry, alleging abuse of the expatriate quota system. PENGASSAN’s President, Festus…
Inflation Slows Down: Nigeria Records 0.79% Drop to 33.40% in July, Ending 7-Month Upward Trend
Nigeria’s inflation rate has finally shown a downward trend, decreasing to 33.40% in July 2024 from 34.19% in June, according to the National Bureau of Statistics’ latest Consumer Price Index and Inflation report. This marks the first time…
ECOWAS Parliament Seeks Increased Funding from Member States
The Speaker of the ECOWAS Parliament, Memounatou Ibrahima, has urged member states to increase funding for the institution to address the region’s multifaceted challenges. Ibrahima made this call during a meeting of the Parliament’s…
CBN’s Recapitalization Policy Puts Four Nigerian Banks at Risk of Identity Loss
An investigation reveals that four major Nigerian banks are facing significant challenges due to the Central Bank of Nigeria’s (CBN) stringent recapitalization policy. The banks are struggling to meet the new minimum capital requirements,…
*”Nigeria’s Economy Teeters on Brink of Collapse as Protests and Curfews Worsen”*
Nigeria’s economy is facing a severe decline as the ongoing #endbadgovernance protests and curfews imposed by several states take a toll on economic activities. The protests, which have been hijacked by hoodlums, have resulted in property…
The Former Research Director Of CBN Advises FG to Invest More to Generate Employment
The Former Research Director of the Central Bank Of Nigeria, Dr Titus Okurounmu, has advised the Federal Government to invest more in capital projects to generate employment opportunities. He was reacting to the two-day Monetary Policy Committee’s…
Federal Government reorders tests on Dangote petroleum products amidst Controversy.
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is expecting fresh reports to confirm the real sulphur content of the diesel produced by the Dangote refinery as the company debunked claims of inferior…