Nestle increases its sourcing of Nigerian raw materials as the cash crunch hits
Nestle, a major food company, is increasing its sourcing of local raw materials such as starch and turmeric in Nigeria…
Day: June 26, 2023
Nigeria’s Oil Output is Under Danger Due to Disruptions-EIA
The Energy Information Administration (EIA), a US agency, has stated that disruptions in Nigeria’s oil production have led to the…
According to FG, Discos Failed to Remit N208bn in 2022.
According to the Federal Government of Nigeria, power distribution companies (Discos) failed to remit a total of N208.8 billion to…
CBN and Bill Gates Collaborate on Financial Inclusion
The Central Bank of Nigeria (CBN) and the Bill and Melinda Gates Foundation (BMGF) have finalized their plans to enhance…
Debt Servicing Surged by 55.71% to N1.24tn.
Nigeria’s debt servicing costs have surged by 55.71% to N1.24tn within a three-month period, as revealed by data from the…
European stock markets experience losses to start the new week.
The new week brought losses to European stock markets, mirroring the decline in Tokyo, as investors monitored inflation updates and…