Kenyan startup Copia Global lays off over 1,000 employees amid financial struggles
Alex Omenye Two weeks after an internal memo revealed payroll issues, Copia Global, a leading B2C e-commerce platform, has laid off at…
News
Nigerians spent $4.1bn FX in three months
Nigerians spent more dollars or foreign exchange in three months of last year, according to the Central Bank of Nigeria’s most recent…
Finance minister presents minimum wage to Tinubu
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has presented the projected financial implications of implementing a new…
Shell invested $42m in developing host communities
Shell Nigeria has said that the firm and its partners invested over $42.2 million in 2023 to improve the host communities. This…
Shell invested $42m in developing host communities
Shell Nigeria has said that the firm and its partners invested over $42.2 million in 2023 to improve the host communities. This…
How defunct-Heritage Bank customers can reclaim their funds
The Nigeria Deposit Insurance Corporation has announced the commencement of the liquidation process for Heritage Bank Plc. This move follows the Central…
Amazon to acquire Indian streaming service MX Player
Amazon has reached an agreement to acquire the Indian video streaming service MX Player from Times Internet, marking another strategic move by…
Bonded terminal activities decline by 70% amid FX crisis – Operators
The country’s foreign exchange crisis, hike in freight rate, and economic downturn have led to a 70 per cent drop in activities…
Cooking gas price crash amid export ban – Marketers
The Federal Government’s ban on the export of Liquefied Petroleum Gas, also known as cooking gas, has led to a crash in…
Finance minister to present new minimum wage today
The Minister of Information, Idris Mohammed, announced that Finance Minister Wale Edun will present a new minimum wage proposal to President Bola…
Inflation: FG considers importing rice paddy, maize seeds
The federal government is now considering measures to permit the importation of paddy rice to millers through an Executive Order to stop…
First Bank recovers N456bn loan from Heritage Bank
First Bank has received the full repayment of a “N456 billion loan” that was given to Heritage Bank This recovery is a…