AfDB commits $750,000 grant to boost women-led businesses in Nigeria
The African Development Bank Group has approved $750,000 in grants to support women-led businesses across Nigeria. The funds will be disbursed under…
Business
Rising energy costs threaten Nigeria’s inflation decline, CPPE warns
The Centre for the Promotion of Private Enterprise has warned that rising energy costs could undermine Nigeria’s recent disinflation gains, despite headline…
S’African billionaire’s Richemont in $1bn consortium bid for De Beers
Swiss luxury goods group Richemont, controlled by South African billionaire Johann Rupert, is reportedly in talks to join a consortium seeking to…
Sony revives Walkman with new music players priced at $5,899
Sony has revived its Walkman brand with three new digital music players priced between $1,899 and $5,899, including a flagship model featuring…
FG targets 750,000 electricity meters to curb estimated billing
The Presidency plans to deploy 750,000 electricity meters in 2027 under the Presidential Metering Initiative as part of efforts to bridge Nigeria’s…
FG, NLC disagree over timing of new minimum wage talks
The Federal Government and the Nigeria Labour Congress have disagreed over the commencement of negotiations for a new national minimum wage, with…
Marketers reject FG’s proposed N1,350 petrol price cap
Petroleum marketers have opposed the government’s proposed N1,350-per-litre petrol price cap, arguing that prices in Nigeria’s deregulated downstream sector should be determined…
IMF backs CBN’s rate cut
The International Monetary Fund has endorsed the Central Bank of Nigeria’s September interest rate cut, describing it as an appropriate move amid…
Forex reserves provide buffer against global shocks – Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the country’s foreign exchange reserves provide a cushion against global…
Universal Music begins fresh layoffs under €250m cost-cutting plan
Universal Music Group, the world’s largest music company, has launched another round of layoffs affecting senior executives in the United States and…
Egyptian billionaire’s firm bags $2.2bn Rabigh 2 power plant project
Egyptian billionaire Ahmed Elsewedy’s Elsewedy Electric has won a $2.2 billion contract, alongside China’s Sinohydro, to expand Saudi Arabia’s Rabigh 2 Independent…
EU pledges €14m for Nigeria’s 90,000km fibre-optic project
The European Union has pledged up to €14m in grants to support Nigeria’s planned rollout of 90,000 kilometres of fibre-optic infrastructure to…