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Nigeria
Brewing Woes: Heineken's Nigerian Operations Hit Hardest Downturn in Company's History, CEO Reveals
In an investor call on Monday, Hans Essaadi, CEO of Nigerian Breweries Plc, the Nigerian unit of Heineken NV, delivered grim news, declaring that...
The Nigerian Naira plummeted to unprecedented depths on Monday, hitting N1,700 against the US Dollar and N2,100 against the Pound Sterling. These...
Nigeria
Nigeria in Crisis: President Tinubu Faces Backlash as Spaghetti Hits N950, Eggs at N300, Sparking Nationwide Strike
Since President Bola Tinubu assumed office on May 29, 2023, a bleak economic landscape has unfolded for Nigerians, with his policies seemingly...
Nigeria
BUA Group Chairman Abdul Samad Rabiu Implements 50% Salary Increase for All Staff Amidst Economic Hardship
In a significant departure from conventional norms, Abdul Samad Rabiu, Chairman of BUA Group, has announced a groundbreaking decision to increase...
In a stark contrast to its 2022 financials, Nigerian Breweries Plc has reported a staggering net loss of N106 billion for the fiscal year 2023...
In a tumultuous week for Nigeria's economy, the national currency, the Naira, experienced unprecedented depreciation, closing at N1,537.96 at the...
In a recent market survey conducted by DAILY POST, the price of a 50-kilogram bag of cement in the Federal Capital Territory has seen an alarming...
Nigeria
Crisis Unfolds: Cement Prices Skyrocket to N9500 in Lagos, Retailers Hit Pause Amid Economic Strain
The price of a 50kg bag of cement has skyrocketed to approximately N9500 in numerous retail outlets across Lagos, intensifying the impact of...
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