Allianz Cuts 1,800 Jobs in AI Shift
German insurance giant Allianz signals major job cuts affecting call centers across Europe due to AI adoption. Up to 1,800 positions at risk as automation handles daily claims.
Category : Search result: capital expenditure cuts
Ebonyi Projects N469.9bn FAAC Revenue in 2026 Budget
Governor Francis Nwifuru presents Ebonyi's largest-ever budget of N884.86bn, with 84.7% for capital projects. Strategic focus on industrialization and infrastructure development for economic growth.
Open grazing now capital offence in Nigeria
Federal Government bans open grazing nationwide, declaring it a capital offence to curb farmer-herder conflicts. Minister urges adoption of ranching for better productivity.
Ebonyi Governor Proposes N884.86bn Budget for 2026
Governor Francis Nwifuru presents a historic N884.86 billion budget for Ebonyi State in 2026, focusing on infrastructure and human capital. Read the full breakdown of capital projects and revenue sources.
Wike suspends education secretary over school closure
FCT Minister Wike suspends education mandate secretary for issuing unauthorized school closure circular. Administration confirms schools remain open, security enhanced.
Ebonyi Governor Presents ₦884.86bn Budget for 2026
Governor Francis Nwifuru presents Ebonyi's largest-ever ₦884.86bn budget for 2026, focusing on infrastructure and human capital development. Read details of the 'Budget of Actualisation and Hope'.
Lagos 2026 Budget: N4.237tr for Shared Prosperity
Governor Sanwo-Olu unveils Lagos' N4.237 trillion 2026 budget focusing on infrastructure and inclusive growth. Capital expenditure leads at N2.1 trillion. Read details.
SEC: Sustain Compliance After FATF Grey List Exit
Following Nigeria's removal from the FATF Grey List, the SEC has called on capital market operators to deepen their compliance culture to protect the nation's global financial reputation.
Africa's Private Wealth Drain: Experts Demand Local Solutions
African experts warn about the continent's growing private wealth outflow to offshore centers. Learn how True Family Offices can keep capital circulating locally to fund development.
Belgium's 3-Day National Strike Over Austerity
Belgium faces major disruptions as unions launch a three-day national strike protesting government spending cuts and labour reforms. Schools, transport, and airports will be severely affected.
Imo State Targets Nigeria's Startup Capital Status
Imo State Commissioner Dr Chimezie Amadi reveals plans to make Imo Nigeria's innovation hub after winning NCS Tech Champions award. Learn about the state's digital transformation journey.
Security Crisis Undermines Nigeria's Economic Recovery
Nigeria's economic recovery faces severe threats from escalating insecurity, causing capital flight and investor retreat. Learn how violence impacts markets and food security.
FG Opens N50m Student Grant Portal for STEMM Students
Nigerian undergraduates in STEMM fields can now apply for up to N50 million equity-free funding from the Federal Government's Student Venture Capital Grant. Applications are open.
LTIF 2025 Forum Drives Ethical Investment for Africa
The Loveworld Trade & Investment Forum in Lagos united global leaders to champion trust and capital inflows for Africa's growth. Discover how ethical trade is reshaping the continent's economic future.
Abuja at 50: Awards and Publications for City Builders
Profiles & Biographies announces landmark publications and awards to commemorate Abuja's 50th anniversary. Honouring contributors who shaped Nigeria's capital city. Join the celebration!
UBA's Alawuba Charts New Path for African Capital
UBA CEO Oliver Alawuba declares Africa's 'era of execution' at UAE-Chad Forum, unveiling a blueprint to mobilize $4 trillion in domestic assets for transformative infrastructure.
Nigeria to Tax Cryptocurrency Under New Law
Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.
Brain Health Crisis Costs Africa $54B Yearly - Experts Warn
Brain Health Initiative Nigeria urges National Assembly to integrate brain health into national policies as Africa faces $54 billion annual losses from brain disorders and productivity decline.
Nigeria at Risk of Debt Crisis, Experts Warn
Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.
Nigeria's N777 Billion Arms Import Bill Revealed
National Bureau of Statistics data shows Nigeria spent N776.9 billion on arms imports from 2020-2025, with 2024 recording the highest expenditure at N520 billion amid rising insecurity.
Ondo Governor Presents N492.7bn 2026 Budget Proposal
Ondo State Governor Lucky Aiyedatiwa presents a N492.7 billion budget for 2026, prioritizing infrastructure and capital projects. Discover the full breakdown and economic plans.
Nigerian Students Can Apply for ₦50m Venture Grant
Federal Government launches Student Venture Capital Grant portal offering up to ₦50 million equity-free funding for student innovators. Apply now at svcg.education.go.ng
AIHN Honors Resilient Nigerian Companies Amid Challenges
Association of Issuing Houses of Nigeria recognizes companies thriving despite economic headwinds. See award winners and market outlook for 2025.
Awareness Gap Blocks NGX Tech Listings, Report Reveals
New TLP Advisory report reveals 53% of Nigerian tech founders lack awareness about NGX listing process, while 77% face currency mismatch. Discover the solutions for local exits.
Africa Prosperity Summit Charts Path for VC Growth
Ventures Platform convened 250+ leaders at the Africa Prosperity Summit to address liquidity gaps, launch African Exit Index, and drive scalable growth across the continent. Discover the key insights.
FG Opens N50m Student Venture Capital Grant Portal
Nigerian students can now apply for the FG's N50 million equity-free venture capital grant. Applications open at svcg.education.gov.ng for STEMM innovations with Google partnership benefits.
Stock Market Dips 1.7% on Tax Jitters
The Nigerian stock market fell sharply last week, losing N1.5 trillion as panic selling over a proposed capital gains tax caused a major sell-off. Discover the key winners and losers and what's next for investors.
Expert: Nigeria must break systemic poverty barriers
Economic experts warn Nigeria must reform its power sector, strengthen capital markets, and overhaul institutions to escape systemic poverty and achieve prosperity.
CBN Rate Hikes Boost Fixed Income Demand in Nigeria
CBN's aggressive 875bps interest rate hikes in 2024 dramatically increased demand for fixed income instruments while crowding out private sector borrowing. Discover key market impacts.
FCTA Takes Responsibility in Wike-Navy Land Clash
FCTA officials admit fault in Wike-Navy officer confrontation over disputed Gaduwa land. Fresh details reveal illegal construction and lack of statutory approval. Full story inside.
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