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Xmas activities: Businesses recover after six months slump Nexovant
Christmas festivities in December 2024 pushed economic activities up to the highest in six months The Stanbic IBTC Bank Nigeria PMI Report, compiled by S&P Global, also revealed a significant growth in the private sector, majorly driven by four sectors Despite the positive PMI reading and growth in other Key metrics, Business Confidence remained low […]
High interest rates strangling small businesses, SMEs warn FG Nexovant
Business owners complain that the high cost of operations and interest rates are choking business performance The Oyo state Chairman of NSME, John Karunwi, states that many small and medium businesses are yet to feel the impact of government interventions He calls on the government to introduce policies and programmes that will revive small businesses […]
UK, Germany electricity cleanest on record in 2024 Nexovant
Turbines like these off the coast of Wales are expected to help wind power become Britain’s largest source of electricity in 2025. Photo: Paul ELLIS / AFP/FileSource: AFP Britain and Germany produced their cleanest electricity on record last year, with renewables reaching record highs, according to data released Thursday. Renewable energy like wind and solar […]
Microsoft expects to spend $80 bn on AI this fiscal year Nexovant
Microsoft president Brad Smith says the United States is in a race with China to spread its artificial intelligence technology to other countries, making it a de facto standard for use around the world. Photo: Andreas SOLARO / AFPSource: AFP Microsoft president Brad Smith on Friday said the company is on track to pump about […]
“60 directors for 30 dept”: CBN explains departure of 1,000 staff, N50bn shared Nexovant
The CBN has clarified the narratives surrounding the departure of over 1,000 employees from the organisation The staff who exited in December 2024 have drawn criticism from notable Nigerians who alleged they were forced President Bola Tinubu gave the CBN governor the mandate to clear up the CBN and ensure operational efficiency Legit.ng journalist Dave […]
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