EXCERPT: CFO Antlitz has vowed to make significant cost-cutting efforts to achieve goals beyond 2024 as Volkswagen’s Q2 operating profit declines. Volkswagen AG has cautioned that its cost-cutting measures will

EKEDC has experienced prepaid meter platform downtime with customers unable to recharge, as technical teams work frantically to resolve it.

“We want prosperity democratised,” said UBA’s Elumelu. “We’re confident of government’s support for economic growth,” said FCMB’s Balogun.

“The part of the country that produces oil is the most backward area in the country,”

Toyota has faced government order for “drastic reforms” amid new certification violations, affecting seven models, including RAV4 and Lexus LM vehicles.

Samsung’s Q2 operating profit has surged by 15-fold to $7.5 billion, driven by strong demand for memory chips.

China’s manufacturing PMI fell to 49.4 in July, indicating continued contraction due to weak demand and low prices.

The Bank of Japan has raised rates and halved bond purchases, signaling a shift from a decade of stimulus.

Aviation Minister Keyamo has ordered the grounding of Arik Air operations due to a recent court order for asset sales to offset debts

NCS has reported N2.74 trillion revenue in H1 2024, surpassing targets by 8%, with e-auctions and duty windows boosting growth.

Toyota Chairman Akio Toyoda’s future uncertain as shareholder support fell to 72%, lowest in company history, amid testing violations concerns.

KPMG West Africa Economist, Adelokun has implored government to take bold steps to address Nigeria’s food cost challenges effectively.

Policymakers have been encouraged by easing price pressures, as headline inflation nears Fed’s target, suggesting an interest rate cut.

Jimoh Oyibo says Tinubu should hold NAFDAC’s Director General accountable for banning sachet liquor.

Tension is raised further in Nigeria as angry citizens flood MTN offices across the country over disconnected lines.

Heineken’s half-year results have shown 12.5% profit, falling short of estimates, with a $948 million China resources impairment charge.

Fitch Solutions has projected that Nigeria’s inflation will moderate to below 25% by end of 2024 after peaking at 34.19%

SERAP has sued CBN over unaccounted N100bn dirty notes and other funds, emphasising that recovering missing funds would serve public interest.

ITF has collaborated with CIPMN to launch a special certification for Nigerian artisans, to enhance skills and professionalise the industry.

BUA Cement has announced plans to expand production to 20 million tonnes annually, boosting capacity from 17 million tonnes.