market

Can a shift in a pricing strategy ripple through an entire nation, creating both fear and opportunity? The recent cessation of the Naira-for-Crude initiative seems to suggest so. With every decision echoing through vast networks, the Nigerian oil market finds itself at a crossroads. How did we reach this point? The Naira-for-Crude initiative symbolized an era where domestic refineries, including the prominent Dangote Refinery, enjoyed the privilege of purchasing crude oil using local…

In a world where oil is king, a document from the Nigerian Port Authority brings to light intriguing developments reported by Punch Newspaper. Between the dates of March 17 and March 23, no less than seven vessels teeming with imported petrol are anticipated to make their way to Nigeria's seaports. These seaports dot the country's coastlines, serving as gateways to millions of Nigeria’s inhabitants dependent on petrol imports. Delving deeper into the numbers, these vessels are not just mere…

The Changing Face of Market Competition: A New Era in Performance Marketing Imagine this: It’s not too long ago when paid search and automated bidding strategies were considered the holy grail of business growth. Fast forward to now, and you'll notice these once avant-garde tools have lost their luster, succumbing to standardization by the relentless march of machine learning. In today’s competitive landscape, merely relying on these once-powerful growth tactics leaves businesses stagnating. Why is that? Well, while these…

Seeking a Raise: Strategies and Steps Towards Better Compensation Not long ago, Cory Stahle, a perceptive economist at the Indeed Hiring Lab, reminded us of a curious financial nugget: employees who take the leap to a new job often see greater wage growth than those who stick with their current gig. But, alas, in a twist of irony, such jumps may not be a simple game of hop, skip, and jump. U.S. companies, often considered the heartbeat of global industry, have reduced their hiring to a rate unseen in nearly a…

Mogadishu (AX) – The vibrant heart of commerce in Somalia, Bakara Market, flung open its doors again on a sunny Tuesday morning, following its temporary closure for four exhausting days. This decision emerged from critical negotiations between the nation's federal officials and the indomitable spirits of the business community. A glimmer of hope appeared as a precursor to the bustling days ahead. Productive dialogues between the esteemed Banadir Regional Business Council and the voice of the people, Speaker of the House…

Hargeisa (AX) – As shadows deepened over the Gobonimo Market on a seemingly unassuming Sunday night, an unexpected inferno erupted, casting a crimson glare against the sky. The furious blaze, now quelled through tireless efforts, has etched scars of both devastation and financial despair that may take time to heal. In the wake of the conflagration, former Hargeisa Mayor Abdirahman Soltelco extended heartfelt gratitude to the heroes of the hour. "I extend my deepest thanks to the fire brigade, police force, and military…

Gobonimo Market Blaze Underlines Ongoing Vulnerabilities in Hargeisa's Commercial Centers Hargeisa (AX) — The tranquil evening air of Hargeisa was ruptured by a blaze, a fire that engulfed Gobonimo Market on Saturday. This incident starkly highlighted the underlying weaknesses of the city's vital trading zones. Are these catastrophic events becoming all too commonplace in a city heavily reliant on its markets? The North Western State of Somalia Police, through a succinct press release, confirmed the deployment of…

In the wake of a catastrophic blaze at Mbare Musika, Zimbabwe’s largest informal retail hub, President Emmerson Mnangagwa has instituted a State of Emergency. This decision comes as a response to the widespread devastation that impacted roughly 4,000 vendors, leaving many grappling with the loss of merchandise valued in the thousands. The flames, which raged through the market, not only destroyed goods but also disrupted the livelihood of countless traders. “This unfortunate incident has turned many lives upside down,”…

The price of grain has risen in West Africa in recent weeks. Maize but also millet and sorghum are more expensive in the markets due to a lack of sufficient stock and for fear of a disappointing new harvest. Again, it is a game of dominoes that increases the price of a bowl of corn or a millet bowl in West Africa. Initially,…

The large-scale fire broke out this Easter Sunday in the early afternoon and was brought under control after 6 hours of intervention by Cotonou firefighters and around. 12,000 m² of the 180,000 area of ​​the market was affected by the flames. as reported from Cotonou, Jean-Luc AploganWhen you arrive at the scene of the…