HR Professionals Grapple with AI and Hybrid Work at SAP’s HR Connect Event The top challenges facing HR professionals in 2024 were the focus of discussions at SAP’s HR Connect event held today in Johannesburg. The key takeaways highlighted the significant impact of: Artificial Intelligence (AI): HR professionals are navigating how to integrate AI effectively while […]
Daniel Leigh, the division chief of the IMF Research Department, has projected that Nigeria’s inflation rate will decline by 23 percent next year and 18 percent in 2026. This is however different from the fund’s prediction of a new single-digit (15.5 per cent ) inflation rate for 2025 which it predicted last year. Nigeria’s Inflation Forecast […]
Kebbi state government handed over 10 hectares of land to NASENI to build an Agricultural Machinery Development Institute (AMEDI) in Birni Kebbi. This follows a federal directive for each of Nigeria’s six geopolitical zones to have an AMEDI. The land, located along the Birnin Kebbi-Argungu road, was officially transferred from Kebbi’s permanent secretary, Alhaji Dahiru […]
The Lagos Metropolitan Area Transport Authority (LAMATA) has announced a significant milestone for the Lagos Blue Line light rail system. In just 219 days of operation, the Blue Line has successfully transported over 1 million passengers. This impressive achievement was revealed by John Zhao, an official with the China Civil Engineering Construction Corporation (CCECC) – […]
Banking Fee Battle Heats Up: New Player Joins the Fight! A lawsuit challenging fees on Nigerian bank deposits has taken a surprising turn. The case, originally focused on a tax called “stamp duty,” now has a new participant: The School of Banking Honours (SBH). The Deposit Fee Feud A company named Kasmal International Services sued […]
Niger State Unveils Initiative to Boost Food Production with Carbon Credit Funds Nigerian farmers in Niger state are set to benefit from a new government initiative aimed at increasing food production. The program will provide access to federal carbon credit funds for 2,500 farmers. Carbon Credits for a Greener Future Carbon credits are a market-based […]
UAC Nigeria went from losing money (N3.99 billion loss after tax in 2022) to making a good profit (N8.91 billion profit after tax in 2023). Their profit before tax also jumped significantly (N12.34 billion profit in 2023 vs N4.36 billion loss in 2022). This turnaround is reflected in their earnings per share, which went from […]
Financial analysts are applauding the Central Bank of Nigeria’s (CBN) decision to ban foreign currency as collateral for naira loans. They believe this will improve the Nigerian economy by making more dollars available in the foreign exchange market and addressing issues with currency liquidity. The CBN issued a circular to all Nigerian banks, outlining the […]
Dangote Petroleum Refinery cuts diesel price to N1000 per liter The Dangote Petroleum Refinery is now selling diesel (AGO) for N1000 per liter, a decrease from the N1200 per liter price they set two weeks ago. Aliko Dangote, chairman of Dangote Group, had previously announced plans to sell diesel at a lower price to help […]
Africa is known for being a tough place to build and maintain a billion-dollar fortune. Global investors are cautious about its stock markets, and businesses struggle with weak economies, poor infrastructure, and fluctuating currencies. Despite these challenges, Africa has roughly 20 billionaires with a combined net worth exceeding $80 billion as of April 2024, according […]