Tag: cut

World Bank bans Nigerian companies, CEO over fraudulent practices
News

Internet access cut poverty, boosted employment in 2023 – W’Bank

The World Bank has revealed that exposure to internet access after more than three years resulted in a 7% reduction in extreme poverty in Nigeria and Tanzania. This exposure resulted in an 8% rise in labour force participation and pay employment. The bank issued a new brief that read: “In 2023, a World Bank flagship report found that […]

Ikea to cut prices this year due to deflation - CEO
Business

Ikea to cut prices this year due to deflation – CEO

Ikea has stated ahead of the World Economic Forum’s annual conference that it will keep to planned price cuts despite Red Sea shipping interruptions driving up prices. According to Reuters, the CEO of Ingka Group,  Jesper Brodin, which owns the majority of Ikea shops worldwide, stated that price pressures had lessened, so the company would continue to planned price cuts […]

Passengers lament high transport costs despite FG’s 50% cut
Business

Passengers lament high transport costs despite FG’s 50% cut

Despite the Federal Government’s 50% fare discount, travelers have expressed disappointment that the promised respite has yet to materialize, and transportation expenses remain high. The PUNCH reported that President Bola Tinubu announced the discount, which will be in effect from December 21 to January 4, 2024, in order to ease Nigerians’ suffering. The government collaborated […]

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