Boeing announced sweeping cost-cutting measures Wednesday after reporting a first-quarter loss of $641 million following the hit to the airline business from the coronavirus pandemic.
The aerospace giant plans to reduce its workforce by 10 percent through a combination of voluntary and involuntary layoffs and will slash production of its...
Electricity Distribution Companies have stated that tariff will increase from July 1, 2023.
In statements sent to respective consumers on Sunday night, the DisCos stated that the review was due to the fluctuation of the naira in the exchange rate market.
This statements which were worded in similar fashion included that...
Says Africa Has Indeed Woken Up
Vice President Kashim Shettima has said serious investors can now take unfettered advantage of Nigeria’s growing investment climate to tap from the limitless opportunities in the country and the African continent.
VP Shettima spoke on Tuesday during a forum titled, "Roadmap to Co-create Investment...
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the end of third quarter of this year.
He said this when Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) led a delegation of the bank to the project...
Access Holdings has named Aigboje Aig-Imoukhuede as its non-executive chairman, marking his return to the company after a decade-long tenure as Chief Executive Officer (CEO), following the passing of Herbert Wigwe, the former Group CEO.
In a statement released late Wednesday, Access Holdings confirmed the reappointment of Aigboje Aig-Imoukhuede as...
High interest rates, unfavourable economic climate and insufficient power supply have been identified as the major constraints to businesses in the country.
The Statistics Department of the Central Bank of Nigeria said these in its ‘January 2020 business expectations survey report’.
Part of the report read, “Respondent firms identified insufficient power...
Poised to increase the number of Technology startups in the Information and Communication Technology (ICT), in the state and taping into the $34b innovation economy, the Ogun State government, has entered into a strategic partnership with GetFundedAfrica.
The Chief Press Secretary to Ogun State Governor, Kunle Somorin stated this in...
Foreign airlines operating in Nigeria have initiated the unblocking of their low-priced fares on Nigerian routes following the Central Bank of Nigeria's completion of the payment of approximately $7 billion in backlog, which includes over $700 million in unremitted ticket revenue.
The CBN recently announced the clearance of $7 billion...
Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses.
The latest is an initiative tagged, “Top-5-In-5”, a digital video knowledge sharing and capacity building series designed to give Small and...
The BUA Group has signed a partnership deal with CIMC ENRIC, to establish a 700-ton-per-day mini LNG project in Nigeria.
The signing ceremony, according to a statement issued by BUA, took place yesterday at the company’s headquarters in Lagos, Nigeria.
The strategic partnership marked a significant milestone in BUA Group’s expansion...
