Shoes Affair, a leading retailer of high-quality footwear, is gearing up for its annual Black Friday extravaganza, promising fantastic deals on shoes and bags for the fashion-savvy shopper. The two-day event will take place at Capital Hub, Ahmadu Bello Way, Abuja, on 24th November and end on 25th November 2023. This year’s Black Friday sale […]
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The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has expressed deep concern over the rampant vandalism of oil pipelines across the country. In an interactive session with members of the Senate Committee on Petroleum (Downstream) in Abuja on Tuesday, Kyari revealed that over 5,000 kilometers of oil pipelines […]
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Nigeria’s inflation rate surged to 27.33% in October, the highest level in over 16 years, according to data released by the National Bureau of Statistics (NBS) on Wednesday. This represents a 0.61 percentage point increase from the 26.72% recorded in September. The NBS attributed the rise in inflation to the removal of petrol subsidies and […]
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President Bola Tinubu of Nigeria has advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. The development was the outcome of substantive investment discussions held between President Tinubu and the Vice-President (Country Programs) of […]
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Coca-Cola, Danone and Nestle have been accused of making misleading claims about their plastic water bottles being “100% recycled”. A consumer body and two environmental groups have issued a legal complaint to the European Commission over the alleged greenwashing. They argue that the bottles are never made wholly of recycled materials. Coca-Cola said its packaging […]
Read MoreThe African Development Bank (AfDB), the UN Economic Commission for Africa (ECA), and the UN Development Programme (UNDP) will jointly host the 2023 African Economic Conference (AEC) in Addis Ababa, Ethiopia, from November 16-18. The conference, to be held in a hybrid format at the UN Conference Centre, will bring together African ministers, UN partners, […]
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The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has said. The currency has weakened by nearly 40% against the US dollar since a mid-June devaluation, the bank said in its latest Africa’s Pulse report. Other currencies with significant losses so far in 2023 include the Angolan kwanza, South Sudan pound, […]
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Nigerian cement giant BUA Cement PLC has announced a 10% reduction in the price of its cement product, effective October 2, 2023. The new price of 3,500 naira per bag is down from the ex-factory price of 4,650 naira. The company said the price reduction was in line with its commitment to spur development in […]
Read MoreThe Human Rights Writers Association of Nigeria (HURIWA) has called on President Bola Tinubu to order an investigation into the alleged sale of 82 vehicles by the Nigerian Maritime Administration and Safety Agency (NIMASA) for N5.8 million over the past 12 years. The group described the sale as a “clear case of economic sabotage, corruption, […]
Read MoreThe Nigerian Communications Commission (NCC) has launched a hackathon to promote innovation in the telecommunications sector and address industry and societal challenges. The NCC Talent Hunt Research through Hackathon focuses on three thematic areas:Blockchain-enabled data protection solutions for enhancing regulatory compliance, assistive technology solutions for the elderly and people with disabilities and technology solutions for […]
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