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Workers concerned over loss of job as Chinese company takes over Lafarge Cement Nexovant
Holcim said that it will sell its 83.8% ownership in Lafarge Africa to the Chinese cement company Huaxin Cement Company The company’s intention to sell its stake to Huaxin has caused a rise in employee apprehension and uncertainty Under the new ownership, employees are upset about potential negative repercussions as they have little to no […]
“We expect”: US-based rating agency predicts difficult 2025 for Nigerian banks Nexovant
Fitch Ratings, a New York-based credit rating agency, has predicted a challenging 2025 for Nigerian banks The agency revealed in its report on African banks that the financial institutions would still face a volatile operating environment in 2025 It said the banks would be exposed to high risks due to potential fall in commodity prices […]
BREAKING: Nigerians paid N2.23 trillion to kidnappers in 12 months – NBS report Nexovant
The latest Crime Experience and Security Perception Survey (CESPS) conducted by the National Bureau of Statistics (NBS) has revealed alarming figures on the state of crime in Nigeria. According to the survey, Nigerians paid a total of N2.23 trillion in ransom over the 12-month period from May 2023 to April 2024. This amount was paid […]
Meta fined €251 million over data breach that affected 29 million Facebook users globally Nexovant
Social media company, Meta, has been slammed a €251 million in Europe over a 2018 personal data breach that impacted 29 million Facebook users globally. The Irish Data Protection Commission (DPC), which announced the fine on Tuesday, said Meta Platforms Ireland Limited (‘MPIL’) reported the breach in September 2018. Of the 29 million Facebook users […]
Inflation: Nigerian businesses to face higher interest rates challenge in 2025—LCCI Nexovant
The Lagos Chamber of Commerce and Industry (LCCI) has warned businesses in Nigeria to prepare for higher interest rate challenges in 2025 as the Central Bank of Nigeria (CBN’s) policies failed to tame inflation. The Director-General of the LCCI, Dr. Chinyere Almona, said this in a statement issued on Tuesday in reaction to the latest […]
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