OPEX
17 Apr
Going by current happenings in the economy, which has affected virtually all the sectors, from manufacturing to FMCG, among others, it is no longer a matter of ‘if’ but ‘when’ an upward review of the current prices for telecommunications services in the country would happen.
10 Apr
Again, stakeholders in Nigeria’s Organised Private Sector (OPS) have expressed grave concerns over the skyrocketing cost of doing business, saying that they fear for their survival.
31 Jan
Businesses across different sectors have lamented the worsening state of power supply in the country, which they said has forced them to rely more on alternative sources of energy.
17 Aug 2023
The Food, Beverage and Tobacco Senior Staff Association (FOBTOB) has lamented how foreign exchange (FX), inadequate infrastructure as well as the increase in the cost of gas to power their operations are taking a toll on the cost of production in their sector. Speaking on the state of the economy and how it has negatively…
16 Aug 2023
The harsh operating environment has triggered a downturn in the performance of the local manufacturing industry as companies under the sector recorded an average of 351 per cent decline in profitability in the first half (H1) of the year due to high operating expenses (OPEX).
4 Aug 2023
Nigerians were yesterday greeted with the news that GlaxoSmithKline Consumer Nigeria Plc, popularly known as GSK, has totally pulled out all its operations from Nigeria.
10 May 2023
Nigerians may have been paying with their blood for rising taxes and spiraling cost of operations as product standardisation continues to take the back seat with experts raising concerns about the negative impacts of the trend for the country.
Latest
2 mins ago
American forces were targeted at a base in western Iraq, a US defense official said Tuesday, the second such attack on the country's troops after a more than two month pause. It followed another attack over the weekend in which rockets were fired from northern Iraq at a base in Syria that houses forces from…
9 mins ago
Nigeria's fastest man this year, Favour Ashe, will not be part of the 4x100m team competing at the World Athletics Relays in Nassau, Bahamas, which serves as a qualifying event for the Paris 2024 Olympics. This news is significant as the Athletics Federation of Nigeria (AFN) has not provided a reason for Ashe's omission despite…
20 mins ago
Gov. Nasir Idris of Kebbi has released N309.5 million for the payment of foreign scholarships to 86 indigenes studying in India and Egypt. The Commissioner for Higher Education, Alhaji Isah Abubakar-Tunga, made this known at a news conference in Birnin Kebbi on Tuesday. The commissioner said “Gov. Nasir Idris has made payment of foreign scholarship…
31 mins ago
Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation. So how did Thames Water, serving about 15 million people across London and surrounding areas, end up in such a perilous financial state? In a controversial…
31 mins ago
Prosecutors on Tuesday accused Donald Trump of brazenly violating a gag order imposed by the judge presiding over his "hush money" trial to prevent him from intimidating witnesses. "His attacks on witnesses clearly violate the order," prosecutor Chris Conroy told Judge Juan Merchan at a hearing called to determine whether the former president should be…
49 mins ago
Qatar said on Tuesday that Hamas's political leadership would stay in Doha as long as their presence remained beneficial to mediation efforts aimed at ending the war in Gaza. "As long as their presence here in Doha, as we have always said, is useful and positive in this mediation effort, they will remain here," foreign…
1 hour ago
The Central Bank of Nigeria (CBN) has informed Bureau De Change (BDC) operators about direct sales of US dollars at a discounted rate of N1,021 per dollar. The directive was contained in a circular issued by the apex bank on Tuesday, 23 April 2024. This is the second sale this month and the fourth in…
1 hour ago
Nigerian singer Tems has announced the release of her latest single ”Love me Jeje” an imitation of Seyi Sodimu in 1997. Seyi Sodimu known as Mr. Jeje is a Nigerian singer-songwriter, best known for his hit single "Love Me Jeje". The song made him popular in Nigeria in the late 1990s and early 2000s. The…
1 hour ago
Dangote Oil and Petroleum Refinery has once again slashed the prices of diesel and aviation fuel. Dangote on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940 and N980 per litre respectively. This latest round of reductions is coming about two weeks after the company slashed the price…
1 hour ago
Flutterwave is ready for an initial public offering (IPO), says CEO, Olugbenga ‘GB’ Agboola (Right)[/caption] Nigeria’s top company in the financial technology sector, Flutterwave, has rolled out plans for an initial public offering (IPO). This was disclosed by the chief executive of Flutterwave, Olugbenga ‘GB’ Agboola, at Semafor’s World Economy Summit in Washington D.C. on…