Nigeria leads Africa’s booming beauty market — Report
Nigerians have always stood out when it comes to beauty and personal care. Little wonder the Nigerian market was reported to have imported more…
Business
Two million people may lose their jobs by 2024 – ILO
The International Labour Organization has stated that two million people may lose their jobs this year, as the global unemployment rate rises…
Nigeria’s economy to grow by 0.1% in 2024 — UN
The United Nations has projected that the Nigerian economic growth to rise from 3.0% in 2023 to 3.1% in 2024. However, there…
Microsoft overtakes Apple as world’s most valuable company
Microsoft, on Thursday, overtook Apple as the most valuable company in the world as the iPhone maker had its worst start in years…
FBNQuest announce retirement of its MD, DMD
The board of directors of FBN Holdings Plc has announced the departure of Kayode Akinkugbe as Managing Director and Taiwo Okeowo as…
CBN appoints new CEOs, MD for Union, Keystone, others
Following the Wednesday dissolution of the former board members, the Central Bank of Nigeria has appointed new board members for Union Bank,…
EFFC Dangote raid crashes Nigeria dollar bond one week – Bloomberg
The Economic and Financial Crimes Commission raid last week on the offices of Aliko Dangote, Africa’s richest person whose empire dominates the…
Mobile users spent $171bn on apps in 2023 – Report
Mobile users worldwide spent $171 billion in China through third-party Android app shops, Google Play, and the App Store in 2023. This…
NGX reports first loss of N638bn in new year
The Nigerian Exchange Limited’s market capitalization fell for the first time in the new year. The market’s eight-day surge came to an…
Ghana’s inflation rate drops to 23.2%
Ghana’s inflation rate fell to 23.2% in December 2023, a considerable decrease from the 26.4% reported in November 2023. According to Bloomberg,…
Elon Musk’s X to launch peer-to-peer payments in 2024
Social media company, X, has plans to launch a peer-to-peer payment system on the platform this year as part of Elon Musk’s…
Amazon’s Twitch to lay off 500 employees
Amazon.com Inc.’s live streaming network, Twitch, is apparently planning a large personnel reduction, with around 35% of its workers, or approximately 500 employees,…