BUA Plc Faces Potential Profit Slowdown Amid Forex Challenges and Increased Operating Expenses
Nigeria’s BUA Plc, a cement maker, may experience a slowdown in profit before tax due to factors such as the…
Day: November 14, 2023
FCCPC CEO Discusses Agency’s Transformation, Advocacy for Patient’s Bill of Rights, and Challenges
In an interview with the Executive Vice-Chairman/CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Babatunde Irukera, several key…
NNPC Facilitates Resolution in Total Energies Dispute, Oil Production Restored
The Nigerian National Petroleum Company Limited (NNPC) has successfully mediated a dispute between Total Energies, the operator of the NNPC/Total…
Michigan Healthcare Provider McLaren Confirms Cyberattack Compromised Data of 2.2 Million Patients
McLaren Health Care, a Michigan-based healthcare provider, has confirmed a cyberattack that compromised the sensitive personal and health information of…
Maine Government Confirms Data Breach, Over a Million Affected in Ransomware Attack
The government of Maine has confirmed that over a million individuals had their personal information stolen in a data breach…
Crypto Venture Capital Sees Renewed Interest in Web3 Investments
The crypto venture capital landscape is experiencing renewed interest in web3, crypto, and blockchain technology after several weak quarters. Investors…
Nigeria’s Inflation Projected to Rise for the 10th Consecutive Month to 27.8% in October 2023
Nigeria’s headline inflation rate is projected to rise for the 10th consecutive month to 27.8% in October 2023, according to…
Nigeria Senate to Consider Diaspora Voting Rights During Constitution Review
The Nigerian Senate is set to consider diaspora voting rights as part of the ongoing review of the country’s 1999…
Nigeria’s Crude Oil Production Drops in October, Affecting Foreign Exchange Earnings
Nigeria’s crude oil production declined to 1.56 million barrels per day (mbpd) in October, marking a 0.65% drop from the…
Flaws in Off-Cycle Elections in Nigeria Threaten Democracy, Experts Say
The recent off-cycle governorship elections in Bayelsa, Imo, and Kogi states in Nigeria have been criticized for flaws that experts…
Number of Nigerians Studying in the United States Surges Despite Dollar Scarcity
The number of Nigerians studying in the United States has reached the highest level in at least 23 years, despite…
Naira Fails to Gain Despite 46.69% Rise in Dollar Supply
Despite a significant increase in the supply of dollars at Nigeria’s Autonomous Foreign Exchange Market (NAFEM), the value of the…