Business

The rhythm of Nigeria's business world
In a bid to safeguard consumer interests amidst recent price hikes by MultiChoice Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) has announced plans to conduct a thorough review of the subscription increases on DSTV and GOtv packages. Adamu Abdullahi, the Acting CEO...
PZ Cussons Plc, a distinguished British consumer goods conglomerate with a rich legacy dating back 140 years, is weighing the prospect of withdrawing from its African operations. The decision follows a sharp decline in sales within its Nigerian market, prompting the company to reassess its...
Telecommunication companies in Nigeria, represented by the Association of Licensed Telecom Operators of Nigeria (ALTON) and the Association of Telecommunication Companies of Nigeria (ATCON), are considering increasing prices for data and voice services. In a joint statement, they highlighted...
The SBM Intelligence's 'Crisis at the Table' report unveils alarming statistics regarding the escalating costs of preparing Jollof rice in Nigeria, shedding light on the economic challenges faced by households. Over almost eight years, the average cost of a pot of Jollof rice for a family of...
Allen Onyema, chairman of Air Peace, has accused Gatwick Airport of employing delaying tactics in granting the airline slots to operate on the Lagos to London route between October and December. Speaking at the 48th Annual General Meeting of the National Association of Nigeria Travel Agencies...
The Nigerian Naira faced significant depreciation, falling to N1,400 against the US dollar on the black market, fueled by intensified demand pressure in the foreign exchange (FX) market. This represents a 19.64 percent loss in just two weeks compared to the rate of N1,125 per dollar recorded...
President Bola Tinubu has given the green light for the first phase of the Consumer Credit Scheme, signaling a significant step forward in facilitating financial assistance to Nigerians. The scheme, designed to bolster consumer access to credit, aims to empower working citizens to fulfill their...
Despite recent efforts by the Central Bank of Nigeria (CBN) to bolster the Naira's value through additional forex injections, the currency continues to struggle against the US Dollar. FMDQ data reveals a further depreciation of the Naira to N1308.52 per Dollar on Wednesday, down from N1,300.15...
Germany is set to roll out a game-changing initiative dubbed the "Opportunity Card" in June 2024, revolutionizing the landscape for skilled job seekers worldwide. This innovative program, as revealed in a document obtained by Nairametrics, aims to streamline the process for individuals with...
The Nigeria Civil Aviation Authority (NCAA) has taken decisive action by suspending Dana Air's Air Operator's Certificate (AOC) following a directive from the Minister of Aviation and Aerospace Development, Festus Keyamo. This move comes amidst growing concerns over safety and financial...
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