BERLIN (DPA, CONVERSEER) – Commercial vehicle manufacturer Daimler Truck reported a fall in its third-quarter net profit on Friday. The German firm’s quarterly profit attributable to shareholders decreased to €434 million ($501 million) or €0.57 per share from €610 million or €0.77 per share in the same quarter last year. The firm said the group’s…
By Aderogba George ABUJA (NAN, CONVERSEER) – The Federal Government has inaugurated the Local Organising Committee (LOC) for the forthcoming Africa Tourism and Creative Economy Expo, scheduled to hold from Nov. 24 to 25, 2025. Mukhtar Yawale Muhammad, the Permanent Secretary, Federal Ministry of Arts, Culture, Tourism and Creative Economy, said this at the inaugural…
By Christian Njoku CALABAR (NAN, CONVERSEER) – One year after its launch, the Compressed Natural Gas (CNG) Conversion and Training Centre in Calabar has yet to commence operation. The plant, which was inaugurated by Governor Bassey Otu on 18th October 2024 at the Construction and Fabrication Academy in Calabar, in a bid to promote affordable…
By Obiekezie Uchenna CALABAR (CONVERSEER) – Mr Edwin Okon, Executive Chairman, Cross River Internal Revenue Service (CRIRS) has disclosed that they would beam their searchlight on professional bodies in 2026 for tax infractions. Okon disclosed this on Friday in Calabar during a training session organised by IRS for selected key tax paying companies across the…
By Joe Udo ABUJA (CONVERSEER) – The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr Taiwo Oyedele, has projected that Nigerian states could collectively earn more than ₦4 trillion annually from 2026 when the new Value Added Tax (VAT) reforms take effect. Oyedele made this known on Tuesday during the launch of…
Forvis Mazars will participate as a Bronze Partner at MSGBC Oil, Gas & Power 2025, bringing its financial, audit and advisory expertise to support energy growth and governance across West Africa DAKAR (APO, CONVERSEER) – Financial institution Forvis Mazars has confirmed its participation as a Bronze Sponsor at the MSGBC Oil, Gas & Power 2025…
MUNICH (CONVERSEER) – German flagship carrier Lufthansa has scrapped a number of European connections and domestic flights in its 2026 summer schedule in a bid to cut costs, the airline group said on Tuesday. Lufthansa will no longer fly between Frankfurt and Toulouse, France, as well as Munich and the Estonian capital Tallinn, according to…
BERLIN (DPA, CONVERSEER) – Business sentiment in Germany improved in October, a leading economic institute said on Monday. The ifo Institute’s business climate index rose by 0.7 points to 88.4 points, beating expectations. While the 9,000 companies surveyed reported a downturn in their current economic situation, their assessment of future expectations rose significantly. “Companies remain…
By Frank Ulom CALABAR (CONVERSEER) – Cross River State has been ranked as the fifth most indebted state in terms of foreign loans in Nigeria, only behind Lagos, Ogun, Kaduna, and Edo. The data was made available by the Debt Management Office (DMO), according to The Guardian. According to the DMO data, the state also…
By Our Reporter LAGOS (CONVERSEER) – The Lagos operations of Africa Independent Television (AIT), one of Nigeria’s foremost private broadcast stations, have been shut down following severe operational and financial constraints, Radio Reporter NG has learnt. According to insiders, the management of Daar Communications Plc — owners of AIT, RayPower FM, and Faaji FM —…
