PZ Cussons, the renowned soap maker based in Manchester, has revealed its intentions to acquire the minority shareholders of PZ Cussons Nigeria and subsequently remove the business from the Nigerian stock exchange. The decision to take this step is attributed to the “foreign exchange challenges” experienced in Nigeria. According to the company, “The group believes Read More…
Nigeria has successfully garnered investment pledges totalling almost $14 billion from Indian investors, signalling a growing economic partnership between the two nations. Ajuri Ngelale, a presidential spokesperson, made the announcement and highlighted important investment commitments: President Bola Tinubu, representing Nigeria as a guest country at the upcoming G20 summit in New Delhi, played a pivotal Read More…
During a summit involving Southeast Asia’s ASEAN bloc, China, the United States, and other nations in Indonesia, U.N. Secretary-General António Guterres issued a warning on Thursday about the world facing a potential “great fracture” in its economic and financial systems. Guterres, in a comprehensive address that touched on geopolitical tensions, multilateral development finance, and climate Read More…
On Wednesday, the Nigerian naira experienced a decline against the US dollar, reaching an exchange rate of N771.59 at the Investors and Exporters window. This represented a 3.57% depreciation compared to the N744.97 it was valued at on Tuesday. The open indicative rate concluded at N766.67 to the dollar on Wednesday, while the highest rate Read More…
President Bola Tinubu has achieved a momentous feat by garnering a substantial $3 billion investment commitment from Indian investors, aimed at bolstering Nigeria’s steel industry. Mr. Abdullahi Haruna, the Special Assistant for Media and Publicity to the Minister of Steel Development, Prince Shauib Audu, revealed this significant development in a statement on Wednesday in Abuja. Read More…
Governor Babajide Sanwo-Olu of Lagos State reaffirmed the government’s dedication to collaborating with other nations and private sectors to advance the state’s development. Sanwo-Olu made this statement during a courtesy visit to the governor’s office in Alausa, Ikeja, by the Consul General and Head of Trade at the Embassy of the Kingdom of Denmark, Ms. Read More…
On Tuesday, the Nigerian naira demonstrated a notable appreciation against the US dollar, as it reached an exchange rate of N744.97 at the Investors and Exporters window. This represented a positive increase of 0.39 per cent when compared to the N747.87 per dollar rate observed on Monday. The open indicative rate concluded at N774.99 for Read More…
President Bola Tinubu has embarked on a significant meeting with an investor in India as part of his official visit to the country ahead of the G20 Summit scheduled for this weekend. Chief Ajuri Ngelale, the President’s Special Adviser on Media and Publicity, revealed in a statement that President Tinubu started talking as soon as Read More…
Hilda Baci, the Guinness World Record Cook-a-thon champion from Nigeria, along with Gloria Michael, a Tanzanian journalist, and 98 other outstanding young Africans, have been honoured with the “100 Africa Travel under 40 awards.” The accolades were presented at an event organised by Mr. Ikechi Uko, the brain behind AKWAABA Africa Travel and Tourism Market, Read More…
On Monday, the Nigerian Naira experienced a depreciation against the US Dollar, reaching an exchange rate of N747.87 at the Investors and Exporters window. This marked a 1.01% decline compared to the N740.38 rate observed at the close of business on September 1. The open indicative rate concluded at N772.06 to the dollar during Monday’s Read More…
