Lagos maintains top spot for capital inflow into Nigeria
Melvin Onwubuke Lagos has maintained it’s position as the top recipient of Capital Influx in Nigeria during the fourth quarter of 2023.…
Business
African economic growth slumps to 3.2% in 2023
Melvin Onwubuke Nigeria and other African nation’s economic growth fell to 3.2 per cent 2023 contrary to 4.1 per cent in 2022.…
Estate developers abandon building projects amid forex crisis
Melvin Onwubuke Nigerian Estate developers are facing a Herculean task in meeting project delivery timeline, due to the foreign exchange crisis. A…
Nigeria, Brazil seek direct flights between Lagos, Sao Paulo
President Bola Tinubu and Brazilian President Luiz Inácio Lula da Silva met on Sunday in Addis Ababa, Ethiopia, and talked about the…
Flutterwave’s non-code platform Disha temporarily shuts down
Alex Omenye No-code platform for creatives, acquired by Flutterwave in 2021, Disha is set to undergo a temporary shutdown effective March 31,…
Hardship: BUA increases staff salary by 50%
The Chairman of BUA Group, Abdul Samad Rabiu, has announced a 50% salary raise for all employees. BUA’s Head of Human Resources,…
FG summons cement manufacturers over price hike
In light of the rising cost of cement recently, the Federal Government has demanded an immediate meeting with manufacturers. The conference was…
Nigeria’s foreign capital rises 66.27% in Q4 2023
Nigeria experienced a noteworthy increase in capital inflows, representing a 66.27% rise in comparison to data from the third quarter of 2023.…
Nigerian Breweries report N106bn loss
The country’s largest brewer, Nigerian Breweries Plc, has released its audited results for the year that ended on December 31, 2023. The…
FG shuts Abuja supermarket over customers’ extortion
By Wilson Adekumola The head office of the Sahad Supermarket and Stores has been sealed off by the Federal Competition and Consumer…
ECOWAS, others encourage African goods at Trade fair
When friendly countries and the Economic Community of West African States come together in Lagos in September for the fourth edition of…
NGX RegCo extends Neimetg free float compliance deadline
The Nigerian Exchange Group’s regulatory body, NGX RegCo, has granted Neimeth International Pharmaceuticals Plc’s request for an extension of time to meet…