Economy - Page 18

Another Multinational Company Plans Exit from Nigeria

Swiss cement giant Holcim has announced plans to exit the Nigerian market, citing challenging economic conditions under the administration of President Bola Tinubu. The decision was reported by The People’s Gazette.Holcim’s planned withdrawal comes amid persistent economic issues, including high inflation, currency
December 1, 2024

Fire Disaster at Idumota Auto Spare Parts Shops

The Lagos State Emergency Management Agency (LASEMA) reported significant property damage amounting to millions of naira due to a fire incident in Idumota, Lagos. According to Olufemi Oke-Osanyintolu, the agency’s permanent secretary, the fire broke out on Friday night. Initial investigations indicated
November 30, 2024

Port Harcourt Refinery Now in Operation, NNPCL

In a recently released statement, the Nigerian National Petroleum Company (NNPC) Limited announced that the Port Harcourt refinery has officially begun processing crude oil. This achievement marks a significant milestone, heralding a new era of energy independence and economic growth for the
November 26, 2024