Business and Economy Archives - Page 3 of 10

Nestlé to Cut 16,000 Jobs Globally Under New CEO Plan Nestlé headquarters in Switzerland following job cut announcement by CEO Philipp Navratil

Juliet Jacob October 16, 2025

ABUJA, Nigeria – Nestlé is set to eliminate 16,000 jobs worldwide in a sweeping cost-cutting drive announced...

Bauchi Leads Nigeria with Lowest Food Inflation Rate at 2.8% Traders displaying farm produce at Bauchi market amid stable food prices

Juliet Jacob October 16, 2025

ABUJA, Nigeria – Bauchi State has emerged as Nigeria’s least food-inflation-affected state, recording a modest 2.8% year-on-year...

Nigeria’s Inflation Eases to 18.02% in September – Says NBS NBS report shows Nigeria’s inflation rate drops to 18.02 percent in September 2025

Mirian Gom October 15, 2025

ABUJA, Nigeria – The National Bureau of Statistics (NBS) reports that Nigeria’s headline inflation rate dropped to...

Tinubu Urges ECOWAS to Criminalise Resource Theft in West Africa Christian pilgrims at the flag-off ceremony in Owerri, Imo State

Mirian Gom October 15, 2025

ABUJA, Nigeria – President Bola Ahmed Tinubu has called on the Economic Community of West African States...

IMF Raises Global Growth Forecast but Warns of Trade War Risk IMF headquarters in Washington during annual meetings, 2025

Koko Maxwella October 15, 2025

ABUJA, Nigeria – The International Monetary Fund (IMF) has revised upward its 2025 global growth projection to...

Tinubu, Shell Seal $2bn Gas Deal to Boost Nigeria’s Energy Future President Tinubu and Shell executives seal $2bn offshore gas deal in Abuja

Chukwu Obinna October 14, 2025

ABUJA, Nigeria – A symbolic handshake at the State House in Abuja between President Bola Tinubu and...

Chukwu Obinna October 13, 2025

ABUJA, Nigeria – The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its weight behind the...

Lagos to Begin $3 Billion Green Line Rail Construction in December 2025 A conceptual rendering of the Lagos Green Line Rail system connecting Marina to Lekki-Epe corridor

Korede Abdullah October 13, 2025

LAGOS, Nigeria – The Lagos State Government has announced that construction work on the $3 billion Green...

Naira Records Strongest Gain Since December 2024 as Dollar Inflows Boost Liquidity Nigerian naira notes and dollar bills symbolising currency strength amid rising inflows

Koko Maxwella October 13, 2025

ABUJA, Nigeria – The naira posted its strongest weekly gain since December 2024, appreciating across both the...

Customs Intercepts Expired Flours, Drugs Worth ₦1.9bn at Seme Border Customs officers display intercepted expired flour and drugs worth ₦1.9bn at Seme Border.