Nike Withdraws Revenue Forecast Amid Leadership Change, Sales Decline
Nike’s quarterly sales growth has dropped 10.4% to $11.59 billion, amid increased competition and leadership transition challenges.
Nike’s quarterly sales growth has dropped 10.4% to $11.59 billion, amid increased competition and leadership transition challenges.
Oando has attained status as Nigeria’s first IOC with $4bn valuation, expanding operations to the Sao Tome and Principe EEZ.
Emirates has resumed flights to Nigeria with Flight EK-783 landing on Tuesday, marking its first return after a two-year suspension.
Qatar Airways plans to acquire 25% of Virgin Australia, potentially to reshape the Qantas-dominated Australian aviation market.
The NTSB has raised alarms about potential safety issues with Boeing 737 rudder components, affecting over 40 foreign airlines.
CBN Governor Cardoso has engaged with IMF and World Bank to develop strategies for inclusive growth and sustainable development in Africa.
The NSDC reported that the National Sugar Masterplan attracted $1bn in investments, creating over 15,000 jobs across five active project sites
NDIC MD Hassan has emphasised that well-capitalised banks are essential to achieving President Tinubu’s vision of a $1 trillion GDP.
Nigeria’s stock market has outperformed expectations, posting a 38.27% gain (N15.66 trillion) in capitalisation despite inflation, volatile exchange rates,
A partnership signed by Nigeria and Mastercard will boost financial inclusion for African farmers through contactless payments.
Meta has been fined €91 million by the EU’s lead privacy regulator for storing user passwords in plaintext without encryption.
Former Power Minister Nnaji has emphasised expansion of solar and hydropower infrastructure for Nigeria to meet 2060clean energy target.
The NEITI 2022-2023 report has revealed $6.071 billion owed to the government in unpaid royalties and gas penaltiesThe Nigeria Extractive Industries
Femi Otedola has expanded his stake in FBN Holdings to 13.15%, widening his lead over Barbican Capital’s shareholding.
Osun State Government has launched a probe into Segilola Gold Project for alleged tax evasion, pollution and shareholding irregularities.
OpenAI has transitioned into for-profit structure with CEO gaining equity, impacting AI risk management and governance.
Shettima has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations as clear testament to Nigeria’s investment-friendly policies.
The CBN is set to sell $20,000 to eligible BDC operators at N1,590/$ to meet demand for invisible transactions
Nigeria’s government will continue to bolster the naira against dollar which is part of the amendment to Economic Stabilisation Bill.
Olusegun Alebiosu says access to finance is crucial for eradicating poverty and promoting economic development, especially in remote areas.
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