Canada’s Carlton University has confirmed the death of Professor Pius Adesanmi in the ill-fated Ethiopian Airlines crash that happened last Sunday (yesterday). The Ottawa-based university said in an official statement that the Carleton community is shocked and devastated to learn of the death of Prof. Pius Adesanmi, who was among […]
Nigeria’s largest mobile carrier, MTN Group said its local unit in Nigeria, MTN Nigeria grew its revenue by 23% for the full year 2018. The group said in its latest disclosure that it delivered a 10,7% increase in constant currency terms. This was led by the growth of 17,2%* by […]
Nigeria’s President Muhammadu Buhari has just secured another four-year term. Contesting as the candidate of the All Progressives Congress, APC Party, Buhari was declared as president-elect by the Independent Electoral Commission, INEC, after he polled a total of 15,191,847 votes to edge out his closest rival, Alhaji Atiku Abubakar, the […]
Latest data from the official data office of Nigeria said consumer price index or inflation in Africa’s largest economy dropped to 11.37% in the month of January. The Abuja-based National Bureau of Statistics said in its summary note that the further drop in January is 0.07 percent points lower than […]
Nigeria’s President Muhammadu Buhari has just assented to the Federal Competition and Consumer Protection Bill, thereby making it the Federal Competition and Consumer Protection Act 2019. The country’s consumer protection agency, CPC said in a statement that “by this, Nigeria has promulgated perhaps the most prolific legislation for promoting consumer […]
British manufacturer personal care product maker, PZ Cussons’ Nigerian unit, PZ Cussons Nigeria, would be winding down its operation in some product categories. The London Stock Exchange-listed personal care product maker said in its trading update that it continues to witness weak consumer environment, higher supply chain costs and lower […]
The global coalition against corruption, Transparency International said Nigeria moved up four steps in its latest corruption perception index. In the latest index, Transparency International said while there is an improvement, there are still problems of transparency and corruption in Nigeria. See the full ranking below:
General Electric Co. said it has handed over its $2 billion rail concession project in Nigeria to South Africa’s Transnet SOC Ltd. The decision of the Boston, Massachusetts-based company was hinged on its decision to exit the transportation business. It would be recalled that GE made the commitment for the […]
Following its hurried exit from Nigeria, more reactions have followed HSBC and UBS’ decision to leave Nigeria. It would be recalled that the Swiss National Bank (Central Bank equivalent) said in its regulatory update that HSBC and UBS have exited their Nigerian operations as foreign direct investment continues to slump […]
Nigeria’s federal government has just approved an increment in the national minimum wage to N30,000 approximately USD98 based on the current exchange rate. The new minimum wage was agreed at after series of negotiations and threats of strike actions by the labour union. The latest development is also very significant […]