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NEWS

LP can win 2027 poll without merger – Party

The Labour Party has declared its capability to win the 2027 presidential election without forming a coalition, emphasising its strong grassroots support and appeal to Nigerians. The party reiterated that its performance in the 2023 elections demonstrated its potential to independently challenge and unseat the ruling All Progressives Congress. The LP National Publicity Secretary, Obiora Ifoh, made the assertion on Sunday in an interview with The PUNCH, denying recent rumours of a […]

todayJanuary 6, 2025 5

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NEWS

Honda, Nissan in merger talks to counter Tesla, other EV rivals

Japanese auto giants Honda and Nissan on Monday agreed to launch talks on a merger seen as a bid to catch up with Chinese rivals and Tesla on electric vehicles. The two firms, along with Mitsubishi Motors, “have signed a memorandum of understanding to start discussions and considerations toward a business integration between the two companies through the establishment of a joint holding company,” a joint statement said. Meanwhile, the […]

todayDecember 23, 2024 8

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BUSINESS

Dangote stocks decline amid merger denial, forex crisis

The recent decrease in the stock prices of the Dangote Group, which includes Dangote Sugar Refinery and NASCON Allied Industries, has been attributed to foreign exchange losses and the Securities and Exchange Commission’s decision to reject their merger request. Analysts suggested that the ongoing inflationary pressures and forex volatility have worsened these challenges. The depreciation of the naira has increased the cost of importing raw materials, further squeezing profit margins. […]

todayAugust 15, 2024 105

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