21 May
Nigeria’s Central Bank has kept its main rate at 27.5%, citing nearly equal official and parallel FX rates, cooling food inflation, and rising reserves. Governor Olayemi Cardoso credits recent reforms for stronger market confidence but signals careful monitoring ahead.
15 Dec
Avelo Airlines is set to suspend flights between Lakeland and Atlanta by January 5 due to low passenger numbers, reaching only 40% capacity. Challenges include lack of same-day returns and no interline agreements. Despite the route's pause, Avelo sees opportunities for growth, with plans for new routes like Nashville and potential future ones to Detroit, expanding their fleet and destinations.
1 Nov
Miami is experiencing a legal boom fueled by Latin American wealth, as wealthy individuals and families seek specialized legal services in estate planning, tax law, and real estate. Amid complex global regulations, Miami law firms expand to meet demand for sophisticated advice, solidifying the city's reputation as a hub for international wealth management and legal expertise.
20 Aug
President Bola Tinubu has given the green light to the Nigerian National Petroleum Company Limited (NNPC) to use its dividends to cover the cost of fuel subsidies. The strategy aims to ease the financial burden on the Nigerian government, with fuel subsidies already costing the nation around N68 trillion since the current administration began.
27 Jun
Nick Imudia, former CEO of the Nigerian e-commerce platform Konga, reportedly took his own life on June 25 by jumping from the balcony of his apartment in Lekki, Lagos. Before the incident, Imudia had communicated his final wishes to his brother and daughter. At the time of his death, he was the CEO of D.light, a solar energy solutions company.
1 Jun
The Nigeria Labour Congress and the Trade Union Congress have initiated an indefinite strike on June 3rd to protest the government's refusal to increase the minimum wage and reverse the electricity tariff hike. Both unions have united in their demand for a N615,500 minimum wage, citing the high cost of living and inaction on the part of the government.
The Contacts page of Cape Sun News offers multiple ways to get in touch with the news outlet. The page includes a detailed form for messages, as well as direct contact information for the owner, Tamlyn Edelstein. Equipped with both email and postal address, it provides a comprehensive and accessible means for readers to connect with the website.