Poor consumer spending, local consumption and weakening sales and low consumption are currently reducing the chances of survival and shrinking the profit margin of companies in the fast-moving consumer goods (FMCG) sector...
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).
The Edo State Government said it is considering bills to ensure adherence to sustainable practices in the development of oil palm estates.
Following sustained bargain hunting in fast-moving consumer goods (FMCG) stocks, especially BUA Foods and Cadbury, the capital market continued its uptrend, yesterday, as the all-share index (ASI) increased further by 0.3 per cent.
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The governor of Kaduna State, Uba Sani, has announced that the rebuilding of Tudun Biri village, destroyed by a military airstrike on Sunday, will commence within the next three weeks.
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Salvoes of rockets were launched Friday at the US embassy in Baghdad's heavily fortified Green Zone, the mission said, the latest in a flurry of such attacks amid the Israel-Hamas war. "A multi-rocket attack was launched at US and Coalition forces in the vicinity of Union III and the Baghdad embassy complex" without causing any…
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Director of Isaam Couture has launched Atumpan delight collection, a breathtaking ensemble of Afrocentric elegance and contemporary flair. The collection, comprising ten distinct designs, is a testament to Odoom's visionary approach to fashion, seamlessly blending traditional African aesthetics with modern trends. The Atumpan Delight Collection is an ode to the Ankara fabric, a symbol of…
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Sunshine Stars’ ball boy was shot, players and officials were seriously injured as suspected gunmen attacked the club’s team bus on Thursday, December 7, 2023.
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President Bola Ahmed Tinubu has assured that the federal government has put in place measures to tackle youth unemployment as part of effort to stem brain drain through migration.
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The Economic and Financial Crimes Commission (EFCC) on Thursday, December 7, 2023, secured the conviction and sentencing of one Eze Harrison Arinze for defrauding 34 victims in 13 countries of $592,000.
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About 250 South Sudanese soldiers left Goma on Friday, the latest group from an East African Community (EAC) regional force to withdraw from the strife-torn eastern Democratic Republic of Congo after Kinshasa refused to renew its mandate. The seven-nation EAC first deployed troops in the violence-plagued region in November 2022, at the invitation of the…
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The Government of Canada has announced that the cost-of-living financial requirement for study permit applicants will be raised significantly, starting January 1, 2024.
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A section of a pedestrian bridge in the Alapere Estate, Ketu area of Lagos, collapsed on Thursday night following a collision with a truck.
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The Lagos Government and the British High Commission in Nigeria have concluded plans to partner on energy from solid waste as well as recycling for an improved economy in the state.