Volkswagen plans layoffs, 10% pay cuts
Volkswagen is exploring substantial cost-cutting measures, including widespread pay cuts and layoffs, as well as potential reductions or closures of its plants…
News
FG to fund Kano-Maradi rail project with AfDB’s $350m
The Federal Government has secured $350 million from the African Development Bank to fund the Kano-Maradi rail project, connecting Kano to Maradi…
Transcorp reduces total shares by 75% to N10.2bn
Transnational Corporation Plc (Transcorp Group) has successfully completed a major share capital restructuring, reducing its total issued shares by 75%, from 40.6…
Transcorp cuts total shares by 75% to N10.2bn
Transnational Corporation Plc stated it successfully completed a share capital reconstruction, reducing its total issued shares by 75%, from 40.6 billion to…
New Zealand approves work rights for migrant workers’ partners
Starting December 2, 2024, New Zealand will implement new immigration rules that will allow more partners of migrant workers to work without…
IFC, CBN partner to boost local currency financing
The International Finance Corporation has partnered with the Central Bank of Nigeria to enhance local currency financing, supporting the growth of private…
Leverage tech for building safety, experts urge Lagos
The Building Collapse Prevention Guild has urged the Lagos State Government to utilize technology for monitoring building performance and preventing structural failures.…
High production cost affecting local goods’ competitiveness – MAN
The Manufacturers Association of Nigeria has identified the high cost of production as a significant barrier to the competitiveness of locally made…
Lagos pledges technical support to distressed building owners, developers
The Lagos State Government has unveiled plans to assist developers and property owners in tackling the increasing problem of distressed buildings. The…
Kenyan CBK fines UBA, others for regulatory breaches
The Central Bank of Kenya has imposed a fine on UBA Kenya for failing to meet the minimum core capital-to-deposit ratio, which…
Oil prices fall by over $3
Oil prices fell by more than $3 a barrel on Monday following Israel’s retaliatory strikes against Iran over the weekend, which did…
Farmers earn N1bn annually through sugar master plan – FG
The Federal Government, through the National Sugar Development Council, has announced that the out-grower scheme under the Nigeria Sugar Master Plan pays…