Business

PZ Cussons Foundation supports Lagos in fight against coronavirus

        T he PZ Cussons Foundation, in keeping up with its promise to extend its support for the fight against the COVID-19 pandemic in Nigeria by encouraging hand washing, recently donated soaps to the Lagos State Ministry of Health towards controlling the spread of COVID-19 in the state. The donation was received […]

Business

VW expects auto market recovery to last into 2022

  E urope will likely return to “almost” pre-coronavirus sales levels in 2022, while China will bounce back more quickly and the U.S. market’s recovery is difficult to predict, said Christian Dahlheim, Volkswagen Group’s head of sales.     VW expects a V-shape recovery from the effects of the coronavirus pandemic lasting into 2022. “The […]

Business

Nissan announces 4-year plan for Africa, others

N issan Group of Africa, Middle East and India (AMI) has unveiled a comprehensive four-year strategy for the region.     Under the company’s Global Transformation Plan, the AMI strategy is developed around two areas of rationalization, and prioritization and focus. For rationalisation, the company is set to optimise the regional product portfolio by 20 […]

Business

Hydrographers partner Navy, provide geospatial solutions to Mariners

H ydrographers in the country are partnering with the Nigerian Navy (NN), to enhance effectiveness of the Autonomous Technologies and provided Marine geospatial solutions to mariners in the most acceptable standard.     This was the highpoint of the World Hydrographic Day (WHD), themed; Hydrography – Enabling Autonomous Technologies, celebrated in Nigeria by the Nigerian […]

Business

COVID-19: Aviation palliatives ready soon, says Minister

*Sector ready for flight resumption The much awaited bailout for the aviation industry is set to be announced any time from now according to the Minister of Aviation, Hadi Sirika.     There are indications that the Federal Government had concluded the decision to assist the sector with $57.8 million (about N 26,125,600,000).   Sirika, […]

Business

Italy’s artisans anxious as brands haggle to bridge luxury gap

  With unsold luxury handbags and clothing gathering dust in their workshops, Italy’s artisans fear for their future as brands cut orders and in some cases demand discounts and payment delays. Italy accounts for around 40% of global luxury goods manufacturing and has been hit hard by a dramatic drop in demand triggered by the […]

Business

Creative sector: Netflix’s hunt to boost employment in Nigeria

The initiative by leading streaming entertainment service provider, Netflix, is set to boost employment in Nigeria with regard to the creative industry. The entertainment service provider, which recently incorporated Nigerian Mo Abudu’s EbonyLife TV series into its portfolio, expressed commitment to partner with talented Nigerian practitioners in the creative industry to showcase their stories on […]

Business

Retail prices of food items soar in open market

Despite the relaxation of lockdown caused by COVID -19, retail prices of food items have continued to rise in the open market. Some of the commodities, which retail prices have continued to surge, include yam, garri, flour, tomatoes, pepper and onions. According to market’s survey by New Telegraph, prices of a basket of pepper, onions […]

Business

MAN: NBS’ report to reflect recession in Q2 ’20

Downturn blamed on four-month lockdown Following the four-month coronavirus outbreak-induced lockdown, the Manufacturers Association of Nigeria (MAN) has disclosed that the country’s economy will show some contraction in the second quarter of this year when the National Bureau of Statistics (NBS) releases the Gross Domestic Product (GDP) report for the quarter. Acting Director-General of MAN, […]