Adidas may lose $1.3 bn in 2023
Adidas may lose about $1.3 billion in 2023 if they are not able to sell their current Yeezy stock. Yeezy is a…
Business
Russia to cut oil output by 500,000 bpd
By Christian George Russia is hoping to reduce its oil production by 500,000 barrels per day in March. Deputy Prime Minister…
Wema Bank hits record N12.6bn profit
Wema Bank has reported a 41.7 per cent growth in profit after tax of N12.64 billion in 2022, having made N8.92 billion…
How UK narrowly escaped recession in 2022 – Report
The economy of the United Kingdom narrowly escaped recession at the last quarter of 2022. This was reported by Reuters according to…
Scarcity: Accept POS payment, FG orders fuel stations
The Federal Government of Nigeria has ordered fuel stations to make use of Point of Sale and accept payment via bank transfers.nairafuel…
TUC threatens to sue FG over Naira, fuel crises
The Trade Union Congress has threatened to sue the Federal Government following the persistent scarcity of naira and hike in the price…
Price hike of soaps, packaged food will continue – Unilever
The world’s largest producer of soap, Unilever said on Thursday that it will keep raising prices for its soaps, detergents and packaged…
Kaduna govt to use WhatsApp to collect taxes
The Kaduna State Internal Revenue Service has said that it will employ social media platform WhatsApp and the Unstructured Supplementary Service Data…
Toyota’s Q3 profit jumps to 22% over weak yen
Toyota Motor Corp, the world’s largest automobile on Thursday recorded a 22% rise in its third-quarter operating profit. The rise was reported…
Naira rises 0.07% at investors, exporters window
The Naira on Thursday exchanged at 461.17 to the dollar at the Investors and Exporters window. The figure represented an appreciation by…
Fuel: N195/litre difficult to enforce, marketers tell FG
Oil marketers have said that it is difficult to enforce the approved N195/litre price on all filling stations. This was after the…
FG approves N117bn for Kano airport repairs, others
The federal government authorized N117.721 billion in contracts for the ministries of petroleum resources and aviation yesterday. LEADERSHIP NEWS reported that the…