Toyota Increases Full-Year Profit Forecast by 9%, Anticipates $30.7 Billion Earnings for Fiscal 2025
EToyota has increased full-year profit forecast by 9%, citing strategic measures and a weaker yen boosting exports.
EToyota has increased full-year profit forecast by 9%, citing strategic measures and a weaker yen boosting exports.
Komolafe has said NUPRC would not favor any party, warning producers and refiners to meet obligations or lose export licenses.
Eurocham Nigeria has advocated for stronger EU-Nigeria ties, aiming to drive economic transformation and investment.
Credit default rates surged in Q4 2024 as corporate lending and unsecured loans increased, CBN report reveals.
NEITI says Nigeria must invest $20bn annually in gas infrastructure to maximise its production potential.
NUPRC has threatened sanctions for oil firms deliberately failing to meet domestic crude supply obligations to refineries.
Telcos have cited economic pressures for the NCC-approved 50% tariff hike, promising improved services within three months.
WTO Chief Okonjo-Iweala says 2025 will be a pivotal year for the organisation, as global trade negotiations will be affected by geopolitical tensions
Deposit Money Banks’ liquidity deposits with CBN rOse by 627.17% to N9.39tn, reflecting improved financial stability in the banking sector.
NNPC, oil marketers imported over 4bn litres of petrol, 1.15bn litres of diesel in four months, costing N5.5 trillion.
The Nigerian stock market saw a N1.95tn rise in January, with banking stocks leading despite economic concerns.
The naira has appreciated to N1,627, N1,493 against the dollar on the parallel and official markets respectively
Aniekan Usoroh has said a telecom shutdown in Nigeria would cause chaos; telecom tariff hike is necessary due to rising operational costs.
Samsung has warned of sluggish AI chip sales due to US export restrictions, supply challenges, and shifting demand.
Nigeria has targeted $23.2bn to expand electricity access, boost renewables, and improve clean cooking solutions.
CBN Governor Cardoso says the Naira’s stability and FX reforms have bolstered investor confidence and ensured competitive returns for Nigeria.
Experts have warned that Nigeria’s high interest rate spread and 50% Cash Reserve Ratio are stifling Nigeria’s economic growth
Toyota has retained its top-selling automaker title in 2024 despite 3.7% sales drop, driven by declines in Japan and China.
Tesla has announced plans to launch affordable EVs in 2025 and test a paid autonomous car service, boosting investor confidence.
Nigeria’s petrol imports have fallen to 110,000 bpd, the lowest since 2017, as Dangote refinery ramps up production.
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