consumer

Nigerian stocks found swift recovery on Wednesday after slipping into the negative territory at the session before as the benchmark index 2 per cent, aided by investors’ increasing interest in consumer goods shares. Transaction volume improved by more than one-fourth, while turnover jumped by as much as 46 per cent. MTNN led the charge, advancing by 9.21 per cent to reach its all-time peak of N262.10 per unit and helping it to regain the top spot as Nigeria’s biggest company by market…

Signage is displayed outside of Johnson & Johnson headquarters in New Brunswick, New Jersey, Aug. 1, 2020.Mark Kauzlarich | Bloomberg | Getty ImagesJohnson & Johnson on Wednesday announced that the current head and the chief financial officer of its consumer health portfolio will lead the business when it spins off into a separate publicly traded company in 2023.Thibaut Mongon, the current leader of the consumer health business, will become CEO of the standalone company, and Paul Ruh will remain in his current…

HONG KONG—China’s consumer inflation edged up in April and factory-gate price pressures remained elevated as Covid-19 lockdowns jammed up logistics networks and the Ukraine war pushed up global energy prices.China’s consumer-price index in April was up 2.1% from a year earlier, official data showed Wednesday, the fastest pace in five months—accelerating from March’s 1.5% and topping the 2% median forecast of economists polled by the Journal. HONG KONG—China’s consumer inflation edged up in April and factory-gate price…

Nigerian stocks advanced for the thirty-first day on Monday as the benchmark index jumped by 1.9 per cent, strengthening the positive sentiment that has seen a great deal of investors’ cash chase equities for a number of weeks. Consumer goods shares were the toast of investors as heavyweights like Nigerian Breweries, International Breweries and Presco as well as MTN drove gains. “We anticipate a calm atmosphere in the domestic equities space, as investors are likely to revert to…

The Minister of Aviation, Hadi Sirika, has pleaded with Nigerian airlines to suspend their planned shutdown of operations from Monday over the increase of cost of aviation fuel from N190 to N700 per litre. Mr Sirika made the appeal in a statement issued by his Special Assistant on Public Affairs, James Odaudu, on Saturday. The News Agency of Nigeria (NAN) reports that Nigerian airlines, under the aegis of Airline Operators of Nigeria (AON), on Friday announced plans to shut down…

Some of the angriest emails I’ve ever gotten from readers were over a story about credit card points. The long and short of it is that the fancier the credit card rewards, the higher the swipe fees for merchants. Those merchants often pass along the costs of those swipe fees to all customers, whatever the payment mechanism. People who pay with rewards cards tend to be more well-off, financially, and their hotel points or flight miles are being, in part, subsidized by people paying in cash or debit who tend to be…

The Indian Government is speculated to introduce a fresh set of guidelines for cab aggregators to make sure that passenger redressals are attended in time. A CNBC TV18 eport citing sources close to the matter have stated that “consumer affairs ministry is of a view to set SOPs for addressing grievances of passengers, set timeline for grievance redressal. These guidelines will be in addition to already existing protocols issued by the roads ministry and state transport departments".Online aggregators such as Ola and Uber…

As a gamer, I understand how frustrating it can be when certain games are made exclusively for one console system or PC. Console exclusivity for games has waned in the past decade to the point where gaming companies have implemented crossplay and cross-platform features for people to play together regardless of what console or PC platform they game on. Mobile exclusivity, on the other hand, is still alive and well and killing some potentially great smartphones in its wake. OnePlus announced last Tuesday that its…