Business & Economy

Business & Economy

IHS loses thousands of tenants in Nigeria as 9mobile exits

Plu Team -
Nigeria’s largest telecom tower market is showing fresh signs of stress after IHS Holding...
Business & Economy

Cadbury Nigeria appoints new managing director

Plu Team -
Cadbury Nigeria Plc has appointed Ayman Hussein F. Gaafar, also known as Ayman Fahmy,...
Business & Economy

Zichis CEO sells ₦183 million shares after over 2,000% stock surge

Plu Team -
The managing director and chief executive officer of Zichis Agro Allied Industries Plc, Anthonia...
Business & Economy

Dangote targets up to $50bn valuation for refinery IPO

Plu Team -
Aliko Dangote is seeking a valuation of up to $50 billion for his flagship...
Business & Economy

After refining fuel, Dangote sets sights on Nigeria’s power crisis

Plu Team -
After shaking up Nigeria’s fuel market with the launch of Africa’s largest refinery, billionaire...
Business & Economy

NNPC signs new refinery repair deal after billions spent with no success

Plu Team -
After years and billions of dollars spent trying to revive Nigeria’s dormant refineries, the...
Environment

Greenpeace sues JBS over $2.5bn Nigeria meat project, citing climate risks

Ubong Ekott -
Environmental group Greenpeace Netherlands has initiated legal action against global meat giant JBS, targeting...
Business & Economy

Cadbury Nigeria’s inventory builds up as profit, exports fall

Plu Team -
Cadbury Nigeria Plc reported a sharp build-up in inventory in the first quarter, a...
Business & Economy

World’s largest meat firm JBS faces scrutiny over $2.5bn Nigeria deal

Anietie Umoren -
Global environmental group Greenpeace has raised fresh concerns over a planned multibillion-dollar investment by...
Business & Economy

Tinubu sacks finance minister Wale Edun

Anietie Umoren -
President Bola Tinubu on Tuesday dismissed his finance minister, Wale Edun, in a sudden...
Business & Economy

World Bank quietly deletes Nigeria fuel import advice after Dangote backlash

Plu Team -
The World Bank has quietly removed a controversial policy recommendation that urged Nigeria to...
Business & Economy

Global economy faces recession risk over Iran war, IMF warns

Plu Team -
The global economy could slide toward recession if the ongoing US-Israel war with Iran...
Business & Economy

Oil jumps above $100 as U.S. blockades Iran

Plu Team -
Oil prices surged above $100 a barrel on Monday after the United States ordered...
Business & Economy

Tax fever builds as Nigerians face low awareness, harsh penalties

Plu Team -
Nigeria’s push to widen its tax net is colliding with low public awareness and...
Business & Economy

As fuel crisis bites harder, government response in Nigeria remains absent

Olawale Afolabi -
A month after the outbreak of war in Iran, Nigerians are grappling with the...
Business & Economy

EU announces new €66m grant, €221m loans to Nigeria

Plu Team -
The European Union has announced a fresh €287 million ($310 million) financing package for...
Business & Economy

Nigeria’s global happiness ranking falls to four-year low as hardship persists

Olawale Afolabi -
Nigeria has slipped further in global happiness rankings, amid unrelenting economic pressures on households...
Business & Economy

Nigeria food inflation rises even as headline inflation slows to 15.06%

Plu Team -
Food prices in Nigeria accelerated in February, even as overall inflation slowed slightly, underscoring...
Business & Economy

Two weeks after Iran war fuel shock, Nigeria offers no relief for citizens

Olawale Afolabi -
Two weeks after war in the Middle East sent global oil markets into turmoil,...
Business & Economy

Tinubu appoints tax czar Oyedele minister

Plu Team -
President Bola Ahmed Tinubu has nominated tax reform chief Taiwo Oyedele as minister of...
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