Guinness Nigeria Plc has bounced back into profitability, posting a profit after tax of N6.72 billion for the nine months ended March 31, 2025. This is a major turnaround for …
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Ride-Hailing Drivers Plan Nationwide Strike on May 1 Over Low Pay, High Commission
Thousands of ride-hailing drivers across major platforms including Uber, Bolt, Lagride, inDrive, and Rida are planning to stop work for 24 hours on May 1, 2025, over poor pay and …
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South Africa finance minister says dropping VAT hike would have severe consequences
South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …
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Ethiopia Celebrates Diplomatic Milestones, Highlights Gains in Investment, Foreign Relations, and Citizen Welfare
ADDIS ABABA – Ethiopia’s Ministry of Foreign Affairs (MoFA) has announced major diplomatic achievements over the past nine months, describing its performance as a significant step forward in protecting and …
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Beiersdorf Launches Eucerin Skincare Brand in Nigeria, Targets Safe Solutions for African Skin
Beiersdorf, the German multinational behind NIVEA, has officially introduced its popular dermatological skincare brand, Eucerin, into the Nigerian market. The brand, known globally for its science-backed solutions, made its debut …
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Over $5bn Invested in Gas Sector Within One Year – NGA President
The President of the Nigerian Gas Association (NGA), Mr. Akachukwu Nwokedi, has revealed that more than $5 billion has been pumped into Nigeria’s gas sector in the last one year. …
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OPEC cuts global oil demand growth forecasts over US tariffs
The Organisation of the Petroleum Exporting Countries (OPEC) has slightly reduced its earlier forecast for global oil demand in 2025. According to its Monthly Oil Market Report released on Monday, …
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Lagos Govt Moves to Curb Arbitrary Rent Increases, Calls Out Quack Estate Agents
The Lagos State Government has warned estate agents and property managers to desist from illegal and excessive charges that go against the state’s real estate laws, while promising support for …
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Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
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Ethiopian Government Issues 40 Permits to Foreign Firms in Retail and Trade Sectors
The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …