Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer following the tragic passing of Dr. Herbert Wigwe, the former CEO, who lost his life in a helicopter crash along with his family and a former chairman of the Nigeria Exchange Group, […]
Business
In a recent announcement, Mr. Emmanuel Onuorah, President of the Premium Bread Makers Association of Nigeria, has signaled an imminent 15-20% increase in bread prices nationwide, anticipated to take effect in January 2024. Onuorah attributes this potential hike to a staggering 70% decline in the production capacity of local bakers, […]
Despite a $4.3 billion settlement and regulatory challenges faced by Binance, the Naira remains stable in the crypto market, trading between N1120 and N1150 against the dollar. Binance, the world’s largest crypto exchange, agreed to settle charges, leading to its founder, Changpeng Zhao, stepping down. Nigeria, a major crypto market, […]
By Ebere Joy. In the quest for robust economic growth, one glaring truth stands out like a beacon of opportunity: Nigeria must diversify its resources. But alas, the powers that be seem to have a one-track mind, obsessively chasing oil money while our nation’s finances crumble beneath our feet. […]
Lagos, Nigeria – In a significant development following the partnership agreement between Thecoaches, franchise owners of Miss Face of Humanity Nigeria (MFOH Nigeria), and LVI Arts Gallery and Cultural Nexus, a momentous meeting took place between MFOH Nigeria’s Amb. Chika Rita Ezenwa, and the MD/CEO of LVI Arts Gallery and […]
The European Data Protection Board (EDPU) has fined Meta €1.2 billion ($1.3 billion USD) for moving user data from the EU back to the US without the express consent or necessary safeguards. The largest-ever penalty of its kind, it relates to data transfers made by Meta after the EU’s more […]
Reportedly, the naira, which has been falling against major currencies in the past two weeks, has staged a rebound. It recorded gains on the parallel market as it exchanged for about N730 to a dollar on Thursday. It would be recalled that the Nigerian currency hit an all-time low of […]
Africa’s e-commerce platform; Jumia, has revealed that the 2022 Jumia Black Friday campaign tagged ‘Beat Sapa’ is geared towards helping consumers navigate the current economic realities while supporting SMEs and brands to reach millions of consumers. Speaking to journalists during a virtual conference, Massimiliano Spalazzi; Chief Executive Officer of Jumia […]
The persistent fuel scarcity, which has made petroleum products scarce in some parts of Nigeria as a result of the devastating floods in some states, is leading to panic buying in Lagos. The World Satellite detected queues in some filling stations in Lagos in the early hours of Monday. The […]
A fall in the value of the pound increases the price of goods and services imported into the UK from overseas – because when the pound is weak against the dollar or euro, for example, it costs more for companies in the UK to buy things such as food, raw […]
