Business

Nigerian Manufacturers Criticise Interest Rate Hike, Cite Threats To Manufacturing and Economic Growth

Manufacturers have urged the CBN to reconsider its approach to controlling inflation, warning that rising borrowing costs affect economic stability.

2 months ago

Nigeria Steps Up Move To Establish Renewable Energy Manufacturing Zone, Evergreen City 

Nigeria plans to partner with the world's largest EV battery manufacturer for its renewable energy technology manufacturing zone, Evergreen City.

2 months ago

Nigerian Stock Market Sees Surge In Foreign Transactions

Nigerian Exchange Limited has reported N540.48 billion in foreign transactions for H1 2024, a significant increase from N145.08 billion in…

2 months ago

Moody’s Raises Concerns Over Nigeria’s Proposed Windfall Tax on Bank’s Foreign Exchange Gains 

Moody’s ratings has estimated Nigeria's windfall tax to yield 0.3% of 2024 GDP, a marginal and temporary revenue measure, pending…

2 months ago

EV Manufacturer Rivian To Face Trial Over Alleged Tesla Trade Secret Theft

Rivian Automotive is to face court over allegations of encouraging ex-Tesla employees to steal confidential trade secrets.

2 months ago

Tilewa Adebajo: Dangote Refinery’s Success Can Reduce Inflation Through Energy Security Stabilisation

CFG Advisory CEO Tilewa Adebajo says Dangote Refinery's success can help reduce inflation in Nigeria and boost productivity.

2 months ago

AEDC, Transafam Partner To Deliver 50MW Embedded Power To Abuja’s Idu Commercial Hub

AEDC has partnered with Transafam Power to deliver 50MW embedded power generation to Abuja’s Idu commercial hub, enhancing energy reliability.

2 months ago

Alphabet Exceeds Q2 Expectations, Driven By Digital Ads, Cloud Computing

Alphabet has beaten Q2 estimates, driven by digital ad sales and cloud computing growth, with net income rising 28.6% to…

2 months ago

Coca-Cola Raises Sales Guidance After Strong Q2 Performance

Coca-Cola has raised sales guidance, expects 9-10% organic growth this year, up from previous forecast of 8-9% growth.

2 months ago

Luxury Brands Hit by China’s Economic Slowdown, Wealth Crackdown

LVMH has discovered a 14% sales drop in Asia as China's economic slowdown and crackdown on luxury displays take effect.

2 months ago