“Those that want to do business in Nigeria, they want to see that the coast is clear, and if they don’t, they will continue to hold on to their money,” Mr Cardoso said. Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), plans to deploy instant measures that will help strengthen the fragile trust of...
Category: Business
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Petrol Marketers Threatens Strike Over Deplorable Roads In Edo
Owing to the deplorable roads in Edo State, the state branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to halt the sales of fuel from next week Wednesday if the failed portions of roads in the state are not repaired. In a letter to Edo State Governor, Mr Godwin Obaseki, dated...
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IPHONE 15: THINGS YOU SHOULD KNOW ABOUT APPLE’S LATEST RELEASE
Tech company, Apple, is set to unveil its latest iPhone product, the iPhone 15 today, September 12. This model will be unveiled at the company’s “Wanderlust” event in Cupertino, California, United States Of America, and is expected to come in four variants: iPhone 15, iPhone 15 Plus, iPhone 15 Pro and iPhone 15 Pro Max,...
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UK warship arrives Nigeria to support maritime security
A Royal Navy warship, HMS Trent, on Sunday arrived in Lagos, Nigeria. This is Trent’s second visit to Nigeria, as part of its regional mission to aid allies and partners in driving down illegal activities including piracy and illicit trafficking. According to a statement from the British High Commission, the visit would help deliver capacity...
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Inflation hits 24.08% as Nigerians struggle with higher food prices
…Measures to tackle food inflation yet to be executed —Analysts…Inflation surge devastating citizens’ welfare —CPPE Nigeria’s annual inflation rate rose to 24.08 per cent in July, the highest in 18 years, driven by higher prices of food items, increased transport fares, reflecting the increasing struggle of households to meet daily feeding needs, worsened by the...
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Experts warn petrol price could hit N1000 per litre
Urges Tinubu to intervene, fix refineries, curb oil theft •Says free market not synonymous with complete absence of regulation THE Federal Government has been urged to intervene in the foreign exchange market to contain the likely free fall of the Naira to the dollar thereby checkmate rising price of petrol, which experts say could hit...
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Global trade threatened as India imposes ban on rice export
The Indian government says it has suspended exports of non-basmati white rice in order to lower the price of the commodity in the country.India’s ministry of consumer affairs, food, and public distribution, announced the export prohibition in a statement on Thursday. Widely consumed globally, non-basmati rice is a type of rice that has a small...
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African businesses can’t flourish without strategic techniques – Onyeka Ifeanyi
“In today’s interconnected world, where information travels at lightning speed and consumer perceptions shape the success or failure of businesses, the importance of strategic public relations (PR) cannot be overstated,” says Ifeanyi. “For African businesses, especially those looking to expand globally or establish a strong local presence, investing in strategic PR is not just an...
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World Bank: Nigeria’s economic growth too slow to reduce poverty
World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking and money concept 3D rendering animation. •Retains 2.8% forecast for GDP growth in 2023 By Babajide Komolafe, Economy Editor The World Bank, yesterday, warned that Nigeria’s economic growth is too slow to address the challenge of extreme poverty...
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Africa needs $2.7trn to tackle climate change crisis by 2030 – Akinwumi Adesina
President of the African Development Bank (AfDB), Akinwumi Adesina says Africa will need about $2.7 trillion by 2030 to finance climate change. Adesina said this during the ongoing 2023 AfDB Annual Meetings in Sharm El Sheikh, Egypt on Monday. The theme of the meetings is Mobilising Private Sector Financing for Climate and Green Growth in...