Category: Business
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MIDEAST WAR SHOCKWAVES: GLOBAL ECONOMIC RECOVERY UNDER THREAT – SACCI WARNS
Rising conflict in the Middle East is rattling global markets and casting doubt on economic recovery plans worldwide. The South African Chamber of Commerce and Industry has warned that ongoing conflict in the Middle East is worsening instability in global financial markets and threatening economic recovery prospects in South Africa and beyond. In a statement,…
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NAMIBIA’S WESTAIR GROUP SLAPS FUEL SURCHARGE AS GLOBAL PRICES SPIKE
Rising global fuel costs and supply pressure are forcing airlines to adjust fares to stay afloat. Namibia’s Westair Group has introduced a fuel surcharge across its services, citing ongoing global fuel price volatility and supply disruptions affecting the aviation industry. In a statement, the company said geopolitical tensions, particularly the conflict in the Middle East,…
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CBN TARGETS LOWER PRICES: NEW PLAN TO TAME INFLATION TAKES SHAPE
Nigeria’s apex bank says it’s doubling down on a smarter, more transparent strategy to bring inflation under control. The Central Bank of Nigeria has reaffirmed its push toward a full inflation-targeting monetary policy, aimed at delivering long-term price stability and boosting investor confidence. Speaking at a policy session in Abuja, CBN Deputy Governor, Muhammad Abdullahi,…
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HEAT WAVE BOOSTS SALES: WATER HAWKERS CASH IN AT ENUGU TRADE FAIR
Scorching temperatures are turning sachet water into hot cake—and business is booming. Sachet water hawkers are smiling to the bank at the ongoing Enugu International Trade Fair in Enugu, as intense heat drives massive demand. A visit to the fairground shows buyers scrambling for water under the blazing sun, with prices now at N50 per…
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EDO IRS WARNS TAXPAYERS: FILE RETURNS BEFORE MARCH 31 OR FACE PENALTIES
Edo State revenue agency says tax compliance is compulsory as deadline approaches. The Edo State Internal Revenue Service (IRS) has urged residents to file their annual tax returns on or before March 31, warning that defaulters will face penalties. In a statement issued in Benin, Executive Chairman John Odior stressed that tax filing is a…
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ALAKE PUSHES ENERGY HUBS TO BOOST AFRICA’S MINING POWER
Minister says regional corridors could unlock billions and fast-track Africa’s industrial future. Nigeria’s Minister of Solid Minerals Development, Dele Alake, is calling for the creation of regional energy hubs across Africa to drive cross-border mining and industrial growth. Speaking at the 11th Powering Africa Summit in Washington, D.C., Alake said stronger collaboration between African nations…
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COCOA PRICE CRASH PUSHES FARMERS INTO DEBT, DESPAIR
From boom to bust, cocoa farmers across Southwest Nigeria are reeling as prices plunge—leaving many broke, discouraged, and abandoning farms. Cocoa farmers in Ondo, Osun, and Ekiti states are sounding the alarm over a massive crash in cocoa prices—one that has wiped out profits, deepened debt, and triggered fears of a looming crisis in the…
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FG PICKS QUEST MERCHANT BANK TO DRIVE $DIGITAL TRANSFORMATION THROUGH PROJECT BRIDGE
Nigeria’s push for nationwide broadband expansion gets a boost as the Federal Government taps a top financial institution to structure its massive fibre rollout plan. The Federal Government has appointed Quest Merchant Bank as Transaction Advisor for Project BRIDGE, a flagship initiative aimed at transforming Nigeria’s digital infrastructure through expanded fibre-optic connectivity. The appointment was…
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MIDDLE EAST CRISIS: EXPERT URGES FG TO ACT FAST TO PROTECT ECONOMY
Rising global tensions could hit Nigeria’s economy hard—an expert says the government must move quickly before the impact deepens. An economic expert, Joe Nwakwue, has warned that Nigeria must act swiftly and strategically to shield its economy from the ripple effects of the ongoing Middle-East crisis. Speaking in Lagos, Nwakwue said the conflict is already…
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NIGERIA, UK CUSTOMS PARTNER TO BOOST TRADE & DIGITAL BORDER CONTROL
Nigeria is stepping up trade efficiency with the UK—this time through smarter data, tech, and tighter customs cooperation. The Nigeria Customs Service (NCS) has strengthened ties with the UK’s His Majesty’s Revenue and Customs (HMRC) to improve trade facilitation and digital border management. The move follows a high-level meeting in London under the Nigeria-UK Enhanced…
