Kimberly-Clark begins shutting down its Nigerian operations, laying off nearly 90% of its workforce after announcing its exit. The company cites strategic global priorities and local economic challenges.
Kimberly-Clark, the American multinational company known for Huggies diapers, has started...
Stay updated on the latest shift in Nigeria's Naira-Dollar dynamics. June 3rd, 2024, marks a potential game-changer with the Naira stabilizing against the US Dollar at ₦1,481 in the black market.
The Nigerian Naira and the US Dollar's relationship has often been tumultuous, but June brings a...
Explore the stark contrast in minimum wages across top oil-producing African nations, with Nigeria trailing behind at ₦30,000. Calls for reform intensify as comparisons reveal Gabon at ₦376,500 and Equatorial Guinea at ₦323,878.
The recent disclosure of minimum wages across top oil-producing...
The NDIC will pay a maximum of N5 million to each Heritage Bank depositor following the lender's license revocation. This aligns with deposit insurance laws, protecting customers' funds up to the insured limit during bank failures.
The Nigeria Deposit Insurance Corporation (NDIC) has announced...
Heritage Bank's license was revoked by CBN following NDIC visit, citing financial regulation breaches. Exclusive report reveals bank's struggles and impending takeover. Concerns over Nigeria's banking sector stability grow.
In a decisive move, the Central Bank of Nigeria (CBN) has revoked the...
Nigeria's Finance Minister Wale Edun explains why multinationals are leaving due to foreign exchange issues, high energy costs, and regulatory challenges. Government efforts, including new policies and an Economic Stabilization Package, aim to improve the investment climate and attract more...
Nigeria's Finance Minister assures food inflation will decrease with upcoming harvests, providing relief from soaring prices. The government focuses on boosting agricultural output through funding, seeds, and fertilizers to increase food availability.
Amidst soaring food prices that have...
Nigeria resolves 98% of $850 million FX backlog owed to international airlines, signaling progress amid FX market instability.
Nigeria has made significant progress in addressing its foreign exchange (FX) backlog owed to international airline operators, settling 98% of the $850 million owed...
Tomato and pepper prices in Jos, Plateau State, have reached alarming heights, affecting consumers and businesses. Despite being a key producer, the region grapples with scarcity and inflated costs. Stakeholders urge government action to address the crisis and restore stability to the market...
The Ogun government announces plans for oil and gas exploration by NNPC Limited in the state, aiming to become an oil-producing region soon. The move follows discussions with stakeholders, highlighting the Dahomey Basin's potential.
The Ogun state government has announced the commencement of...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.