Nestlé to Cut 16,000 Jobs Globally Under New CEO Plan
ABUJA, Nigeria – Nestlé is set to eliminate 16,000 jobs worldwide in a sweeping cost-cutting drive announced by its new Chief Executive Officer, Philipp…
Business and Economy
Bauchi Leads Nigeria with Lowest Food Inflation Rate at 2.8%
ABUJA, Nigeria – Bauchi State has emerged as Nigeria’s least food-inflation-affected state, recording a modest 2.8% year-on-year food inflation rate in September 2025, according…
Nigeria’s Inflation Eases to 18.02% in September – Says NBS
ABUJA, Nigeria – The National Bureau of Statistics (NBS) reports that Nigeria’s headline inflation rate dropped to 18.02 per cent in September 2025, marking…
Tinubu Urges ECOWAS to Criminalise Resource Theft in West Africa
ABUJA, Nigeria – President Bola Ahmed Tinubu has called on the Economic Community of West African States (ECOWAS) to classify resource theft — including…
IMF Raises Global Growth Forecast but Warns of Trade War Risk
ABUJA, Nigeria – The International Monetary Fund (IMF) has revised upward its 2025 global growth projection to 3.2%, citing milder tariff shocks and favourable…
Tinubu, Shell Seal $2bn Gas Deal to Boost Nigeria’s Energy Future
ABUJA, Nigeria – A symbolic handshake at the State House in Abuja between President Bola Tinubu and Shell executives on Tuesday marked a major…
CBN’s 48-Hour Refund Rule: FCCPC Hails Policy as Game-Changer for Frustrated Bank Customers
ABUJA, Nigeria – The Federal Competition and Consumer Protection Commission (FCCPC) has thrown its weight behind the Central Bank of Nigeria’s (CBN) proposed guideline…
Lagos to Begin $3 Billion Green Line Rail Construction in December 2025
LAGOS, Nigeria – The Lagos State Government has announced that construction work on the $3 billion Green Line Rail Project, linking Marina to the…
Naira Records Strongest Gain Since December 2024 as Dollar Inflows Boost Liquidity
ABUJA, Nigeria – The naira posted its strongest weekly gain since December 2024, appreciating across both the official and parallel foreign exchange markets on…
Customs Intercepts Expired Flours, Drugs Worth ₦1.9bn at Seme Border
LAGOS, Nigeria – The Nigeria Customs Service (NCS), Seme Area Command, has intercepted expired flour and illegal substances valued at ₦1.9 billion in its…