Business

Chevron Corporation, one of the most prominent energy companies in the world, has announced a significant reduction in its workforce, with plans to cut 15 to 20 percent of its…

Nigeria’s imported food inflation reached a staggering 42.29% in November 2024, according to the latest Consumer Price Index report from the National Bureau of Statistics. This sharp rise reflects a…

In a landmark move aimed at restructuring Nigeria’s tax system, the House of Representatives has approved key tax reform bills, retaining the current 7.5% Value Added Tax (VAT) rate while…

Global oil prices took another hit as growing concerns over US import tariffs, increased OPEC+ production, and economic uncertainty weighed on investor sentiment. Brent crude fell to $70.30 per barrel,…

Nestlé, the world’s largest packaged food company, has once again proven its resilience by surpassing sales forecasts, delivering stronger-than-expected revenue growth in 2024. However, while the Swiss multinational has managed…

In an exclusive interview with Josephine Okojie, Michael Alasa, the dynamic CEO of Blakskill Limited, emphasizes an urgent call to action that many are hesitant to address: Africa, the continent…

  Nigeria runs on generators. It is a national embarrassment that the country with the largest economy in Africa cannot reliably keep the lights on for its 220 million citizens.…

In a significant move aimed at bolstering security in Lagos State, United Bank for Africa (UBA) has donated a generous sum of N500 million to the Lagos State Security Trust…

The Nigerian naira showed a glimmer of resilience on Wednesday, January 22, 2025, as it recorded modest gains against the US dollar in both the official and parallel markets. This…

A growing number of civil servants across Nigeria have begun to skip work as escalating transportation costs continue to outpace the new minimum wage, sparking concerns about the impact on…