Costly cocoa: consumers pay up as Lindt hikes chocolate prices
Despite the costly cocoa and subsequent hike in Lindt chocolate, consumers still pay up, as the Swiss firm reported a 7% jump in half-year organic sales Tuesday.…
Beauty pageant crowns the world’s first ever ‘Miss AI’
The world’s first AI beauty pageant has crowned a virtual Moroccan lifestyle influencer. But first, Spaniards are being pushed out of the property market as tourism breaks new records in the country.…
Nigerian travellers raise concern over ₦640,000 UAE visa fee hike
Following Monday’s announcement of the lifting of United Arab Emirates visa ban on Nigeria, air travelers have raised concerns over a 300 per cent visa fee hike observed on the United Arab…
Can Nigeria sustain oil output rise?
Nigeria's crude oil production recorded a 25,000 barrel per day to 1.27 million. That’s according to the latest OPEC monthly oil report which shows Nigeria oil output increased by 25,000 barrels per…
Is creation of Nigeria’s livestock ministry viable option?
Nigeria’s President Bola Tinubu has announced the creation of the Federal Ministry of Livestock Development in a move expected to end the lingering clashes between pastoralists and farmers. Meanwhile, the government has…
What is industrial espionage?
Secret services use economic espionage to help their country’s economy gain a competitive advantage. It’s a common way to keep up with international competition.…
Investment in skills development is key to Africa’s growth potential
A large percentage of the world's workforce will be African by 2050, but the continent needs more jobs and more strategic investment to match the potential and expectations of its greatest asset:…
Wind power becomes bigger source of electricity in the US
US energy generation is getting cleaner, with wind power becoming a bigger source of electricity in the US than coal. The Panama Canal’s administrator is building a billion-dollar water reservoir to compensate…
Samsung union calls for ‘indefinite strike’ for better pay and benefits
At the conclusion of a three-day walkout, workers at Samsung Electronics in South Korea announced they would continue their industrial action with an "indefinite strike". Among other demands, the 30,000 strong labour…
Will Nigeria’s ₦2trn stabilisation plan revive the economy?
Nigeria has unveiled a 2 trillion naira accelerated stabilisation and advancement plan targeted at reviving the economy in the next six months. Abiodun Kayode-Alli, Economist and Tax Senior Manager at PwC joins…
Nigeria eyes fresh loans from development partners
The Nigerian government plans additional borrowings from development partners like the World Bank and the Africa Development Bank over the next one year. Meanwhile, Aiteo says it has shut down all oil…