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Investor confidence lifts stock market amid interest rate cut expectations 

By Peter Egwuatu   The Nigerian stock market extended its bullish run last week, following the reduction in inflation rate and further expectation of a cut in the Monetary Policy Rate, MPR by the Central Bank of Nigeria, CBN. The Inflation rate for September 2025 dropped to 18.02% from 22.12% in August, according to the National […]

Nestlé cuts 16,000 jobs amid $1bn savings plan 

Sparks questions about impact on African operations Food and beverage giant Nestlé has announced plans to cut 16,000 jobs worldwide as part of a sweeping $1 billion cost-saving program, a move that has sparked questions about potential impacts on its extensive African operations. Nestlé’s announcement of plans to cut 16,000 jobs globally as part of a […]

Why Africa should not abandon its 125bn barrels of oil reserves — PTI

By Obas Esiedesa, Abuja The Petroleum Training Institute (PTI), Effurun, Delta State, has said that with widespread poverty and limited energy access, African countries cannot afford to abandon their 125 billion barrels of crude oil and over 600 trillion cubic feet (tcf) of natural gas reserves. The Principal and Chief Executive of PTI, Dr. Samuel […]

Reps seeks N350m allocation to revive ailing SMEs

The House of Representatives has called on the Federal Government to allocate N350 million in the 2026 budget to revive moribund industries and support small and medium-sized enterprises (SMEs) across Nigeria. The resolution followed the adoption of a motion moved by Hon. Akarachi Amadi, who represents the Mbaitoli/Ikeduru Federal Constituency of Imo State. Amadi noted that […]

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