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Cadbury Reports N10.4billion Loss for 2024

N10.4billion remained the reported operating deficit for Cadbury Nigeria during 2024 because of its successful revenue expansion.
News

Aregbesola’s Group Stepped Out of APC

The Rauf Aregbesola-led political faction of APC has withdrawn from the party following complaints about Osun state leadership instability.
News

Over 50 Nigerian Firms Shut Down Amid Economic Turmoil

Nigeria's manufacturing sector faces a severe crisis as over 50 firms shut down, leading to massive job losses. Industry leaders urge government intervention to prevent further economic decline.
Business

Nigeria’s Revenue Soars to N9.1 Trillion in First Half of 2024

Nigeria’s revenue hit N9.1 trillion in the first half of 2024, reflecting the government's strategic economic policies and improved tax collection.
News

FG Pleads for Patience Amid Nationwide Protest Plans

The Federal Government appeals for patience and postponement of the planned nationwide protest, citing ongoing efforts to address economic hardships.
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Tinubu Pleads with Youths to Shelve Planned Protest

President Bola Tinubu urges Nigerian youths to reconsider their planned protest over the high cost of living, assuring them that their grievances are being addressed by the government.
News

Tinubu’s N100,000 Wage Blocked by Governors

The NLC Lagos Council criticizes the new N70,000 minimum wage as inadequate for Lagos workers, citing high living costs and governors' influence on the decision.
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Nigeria’s Inflation Climbs to 34.19% in June, Driven by Food Prices

Nigeria's inflation rate rose to 34.19% in June, driven by rising food prices. This significant increase poses serious concerns for the economy and citizens.
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More Naira, Less Value: Inflation Erodes ₦7.6 Trillion in Consumer Spending

Inflation in Nigeria has wiped out ₦7.6 trillion in consumer spending, highlighting severe economic challenges and declining purchasing power for households
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High Food Prices Strain Nigerians’ Incomes

High food prices in Nigeria are placing significant strain on household incomes, exacerbating economic challenges across the country.
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Tinubu Dedicates Key Abuja Road to Nobel Laureate Soyinka

President Bola Tinubu honors Nobel Laureate Wole Soyinka by renaming a key road in Abuja, highlighting his contributions and the government’s commitment to cultural recognition.
News

Major Shakeup at CBN: Over 90 Senior Staff Dismissed

The Central Bank of Nigeria has dismissed seven directors and over 90 senior management staff as part of a major restructuring to enhance operational efficiency and governance.
News

Nigerian Senator Urges Caution in Amending CBN Act

Senator Sani Musa calls for careful consideration in amending the CBN Act, emphasizing the need to preserve the Central Bank's autonomy for economic stability.
News

CBN Cuts Duty FX Rate Again as Naira Exceeds N1500/$

CBN cuts import duty exchange rate to N1,446.281/$, marking the eighth adjustment this month amid ongoing naira fluctuations.
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Business

Cadbury Reports N10.4billion Loss for 2024

N10.4billion remained the reported operating deficit for Cadbury Nigeria during 2024 because of its successful revenue expansion.
News

Aregbesola’s Group Stepped Out of APC

The Rauf Aregbesola-led political faction of APC has withdrawn from the party following complaints about Osun state leadership instability.
News

NMDPRA Issues Gas Licenses to Address Grid Collapse

The Nigerian Midstream and Downstream Petroleum Resource Regulatory Authority creates gas licenses to prevent grid failure across the nation.
News

5 Initiatives Encouraging Tech Growth in Nigeria

Nigeria accelerates tech growth with initiatives like 3MTT, Digital Skills for Africa, Lagos Free Tech Zone, iDICE program, and USPF.

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