In a strategic move to stimulate competition in Nigeria's oil sector, PETROAN is calling on NNPCL to reduce its fuel prices following a price cut by Dangote Refinery. The recent reduction in ex-depot petrol price by Dangote is seen as a relief in the current economic climate. PETROAN emphasizes the significant impact of competitive pricing in alleviating financial burdens for consumers, particularly during the festive season.
Tupperware, famous for its kitchen storage solutions, has filed for Chapter 11 bankruptcy. Despite some sales growth, ongoing struggles led to this move as the company aims to restructure its finances. The bankruptcy highlights broader challenges for traditional consumer goods companies in adapting to market changes.
The inspiring journey of France Haliotis serves as a shining example of resilience in the aquaculture industry. Facing environmental and market challenges, this abalone producer defied the odds with innovation and determination, setting a model for sustainable seafood farming.
GTBank, a prominent Nigerian bank, confirms an attempted compromise of its website. Despite the breach attempt, the bank assures its customers that their data remains secure. The incident, reported on August 15, 2024, saw immediate action from the bank's IT security team. GTBank reiterates its dedication to cybersecurity and customer privacy, urging customers to stay vigilant against suspicious activities.
President Cyril Ramaphosa has signed the National Small Enterprise Amendment Bill, establishing the Small Enterprise Development Finance Agency (SEDFA) to boost small business support in South Africa. This new agency aims to facilitate comprehensive assistance including financing to small enterprises, accelerating economic growth and job creation.