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Essential Nigeria News

Wednesday, September 23, 2026 Volume XXIII Breaking News & Latest Updates
Porsche Plans 5,000 Job Cuts as Luxury Car Market Faces Pressure Business

Porsche Plans 5,000 Job Cuts As Luxury Car Market Faces Pressure

German luxury automaker Porsche has announced plans to reduce its workforce by about 5,000 jobs by 2035 as the company adjusts to changing market conditions and rising industry pressures.The planned cuts are part of a broader strategy to improve efficiency, manage costs, and adapt to shifts in the g...

By Esther July 28, 2026
FG Warns of Possible Oil Supply Disruptions Amid Red Sea Tensions Business

FG Warns Of Possible Oil Supply Disruptions Amid Red Sea Tensions

The Federal Government has raised concerns over potential disruptions to global oil supplies as tensions in the Red Sea continue to threaten key shipp...

20 0
1 month ago
World Bank Ex-Chief Criticises Nigeria’s Collateral-Based Borrowing Approach Business

World Bank Ex-Chief Criticises Nigeria’s Collateral-Based Borrowing Approach

A former president of the World Bank has criticised Nigeria’s reliance on collateral-backed borrowing, warning that the strategy could limit the count...

15 0
1 month ago
UBA Wins Two Euromoney Awards for Banking Excellence Business

UBA Wins Two Euromoney Awards For Banking Excellence

United Bank for Africa (UBA) has received double recognition from Euromoney, earning two awards that highlight the bank’s performance and contribution...

20 0
1 month ago
FAAN Introduces Airport Recycling Initiative to Reduce Waste Business

FAAN Introduces Airport Recycling Initiative To Reduce Waste

The Federal Airports Authority of Nigeria (FAAN) has begun a waste recycling programme across airports in the country as part of efforts to promote en...

24 0
1 month ago