Adidas Faces Significant Profit Decline Due to U.S. Tariffs
Adidas AG on July 29, 2025, reported a substantial 12% decline in profit for the second quarter of 2025, attributing the setback to newly imposed U.S. tariffs on Chinese imports,
Advertisement
Business14- Page
430Articles
IMF Upgrades Nigeria’s Economic Growth Forecast with Cautious Optimism
The International Monetary Fund (IMF) on July 29, 2025, revised Nigeria’s economic growth forecast upward to 3.8% for 2025, an increase from the 3.1% projected in April, as detailed in
CAC to Delist 100,000 Dormant Companies, Issues 90-Day Ultimatum
The Corporate Affairs Commission (CAC) on July 29, 2025, announced plans to delist 100,000 dormant companies from its register, issuing a 90-day ultimatum for compliance with annual filing requirements, effective
Dangote Refinery Withdraws ₦100bn Lawsuit Against NNPCL, MMDPRA, Others
The Dangote Petroleum Refinery and Petrochemicals has formally withdrawn a ₦100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPC),
Maintenance: Electricity Restoration Promised Daily at 5 PM, Discos Reassure Lagosians
The Transmission Company of Nigeria (TCN) and electricity distribution companies (Discos), including Eko Electricity Distribution Company (EKEDC) and Ikeja Electric, have assured Lagos residents that power will be restored daily
Global Markets Rise, Euro Strengthens Following EU-US Trade Agreement
Global financial markets experienced a notable upswing on July 27, 2025, following the European Union’s announcement of a comprehensive trade agreement with the United States, which propelled the euro’s value
Tinubu Portrayed as Attentive Leader by Dangote, Citing Private Sector Revival
Aliko Dangote, Africa’s wealthiest individual and Chairman of the Dangote Group, on July 27, 2025, described President Bola Tinubu as a “listening president” whose policies are breathing new life into
Tesla and Samsung Seal $16.5 Billion AI6 Chip Supply Agreement
Tesla Inc. and Samsung Electronics Co. formalized a landmark $16.5 billion supply agreement for AI6 chips on July 27, 2025, marking a strategic alliance to advance autonomous vehicle technology. The
Africa Loses $90 Billion Annually to Imported Substandard Fuel, Dangote Warns
Aliko Dangote, President of Dangote Industries Limited, revealed on July 23, 2025, during the West African Refined Fuel Conference in Abuja, that Africa loses approximately $90 billion annually due to
U.S. Emerges as Net Exporter of Crude Oil to Nigeria, EIA Reports
The U.S. Energy Information Administration (EIA) reported on July 22, 2025, that the United States has become a net exporter of crude oil to Nigeria, a historic shift for the
Donations
Advertisement
