downturn
5 Feb
French luxury goods giant LVMH is not feeling the post-Covid pinch. The group has released its figures for 2022, which show revenue just below the bar of €80 billion. Meanwhile, shipments of smartphones have dropped to a near-decade low. Finally, we find out about a lawsuit that involves King Charles III and Elon Musk.
8 Sep 2022
Nigerians have spent over N599.11 billion on beer between January and June 2022 despite the downturn in the economy. Beer producers like Nigerian Breweries, Guinness, and International Breweries reported Nigeria's spent N599.11 billion on alcohol consumption between January and June 2022 huge growth in their revenues in the months under review.
31 Jan 2021
The IMF voiced optimism about the global economy, yet emphasized true recovery will depend on mastering the coronavirus pandemic. The institution warned uneven vaccine distribution could hurt emerging markets.
7 Feb 2017
Investors and mining firms are meeting at Africa's biggest industry conference amid a newfound optimism that the uptick in commodity prices could shore up investment after years of downturn.
Latest
1 day ago
Remittance flows to Africa are a driver of recovery in the continent. Such transactions are still expensive but digital services are spurring on the market.
1 day ago
The US dollar dominates the world of international trade and has a leading position in global foreign reserves. But could the Chinese Yuan or cryptocurrencies pose a challenge? This edition of Business Beyond considers the pros and cons of having a single currency with so much power.
1 day ago
Jeff Woodke, an American aid worker who was held hostage by militants in Niger for more than six years, has been released, along with French journalist Olivier Dubois, who was kidnapped by militants in 2021 in neighboring Mali. Woodke and Dubois appeared together before reporters in Niger's capital Niamey on Monday.
1 day ago
The US human rights report has no immediate implications but supports calls for prosecuting allegations of war crimes, after finding all parties to the two-year war complicit.
1 day ago
The declassified materials are believed to point at links between the COVID outbreak and a Chinese laboratory. Biden vowed not to disclose information deemed harmful to national security.
1 day ago
With food and fuel prices soaring and a currency in freefall, many young Nigerians are worried they will never experience financial stability. But is the situation really hopeless? We ask young entrepreneurs and business owners in Abuja how they are securing their future against the odds.