Category: Business

Apple suppliers to increase use of renewable energy  

Apple announced on Wednesday that an increasing number of its suppliers are committing to using...

FG to begin payment of $350m cabotage vessel fund

The Nigerian government has said that it would soon start disbursing money from the cabotage...

Unemployment will rise to 40.6% in 2023 – KPMG

KPMG has reported that Nigeria’s unemployment rate will continue to rise and hit 40.6% in...

Naira hits lowest amid external reserve decline 

The Nigerian Naira hit its lowest value of the year on the first trading day...

Kenya to launch first observation satellite by April 10

The Kenyan government announced on Monday that the country will launch its first operational satellite...

UFC owner to acquire World Wrestling Entertainment 

The owner of Ultimate Fighting Championship, Endeavor Group Holdings, said on Monday that it would...

Leadway becomes first insurance firm to hit over N104.4bn  

Bisola David Leadway is the first insurance business in Nigeria to receive N104.4 billion in...

International Breweries, UAC, 12 others announce N38.77bn loss in 2022

International Breweries Plc, UAC of Nigeria Plc, Ikeja Hotel Plc, and 11 other companies listed...

Europe’s top cinema, Cineworld halts plans to sell US, UK, Ireland businesses 

A leading cinema group in Europe, Cineworld Group has announced that it will stop the...

Nigeria’s external reserves declined by $1.46bn in two months

The Central Bank of Nigeria has revealed the country’s external reserves decreased by $1.46bn between...

Forex scarcity: Jet fuel, airline fares increase, says aviation consultant

The continuous increase in airfares has been attributed to the rising cost of aviation fuel...

Nigeria to save $1.3bn by stopping substandard ACs and Refrigerators – UN

The United Nations Environment Programme has reported that Nigeria could save approximately $1.3bn per annum...