Nigerian startup Alerzo lays off hundreds blaming economy
Alerzo, a Nigerian e-commerce company that connects retailers and their suppliers, has laid off hundreds of employees as the country’s economic conditions squeezes businesses.
The...
Naira shortage forces Heineken’s February sales to 15-year low
Heineken NV, world’s second largest brewer, says it had its worst February in 15 years resulting from a biting cash crunch in Nigeria.
Since December...
Meta plans new layoffs — that may affect Nigerian workers
Meta, Mark Zuckerberg’s behemoth, and owners of Facebook, Instagram and WhatsApp, is planning a new round of layoffs that is likely to affect thousands...
Elon Musk’s Tesla cuts prices of U.S. models to drive sales
Tesla has announced a reduction in the prices of two of its electric cars, Model S and Model X, the company's most expensive of...
Corporate Wrap-Up: Seplat down, Dangote Sugar and Transcorp Hotel up
Last week, companies listed in Nigeria reported a mix of fortune as they raced to meet target dates for releasing their financial reports for...