BREAKING: Nigeria’s Inflation Rate Soars to 34.60% in November – NBS

Nigeria’s headline inflation rate rose to 34.60% in November 2024, up from 33.88% in October, according to the latest Consumer Price Index (CPI) report from the National Bureau of Statistics (NBS). EKO HOT BLOG reports that November figure represents a 0.72 percentage point increase from the previous month. On a year-on-year basis, the headline inflation … Read more

Peloton CEO Resigns, Triggering 15% Staff Layoffs Amid Financial Pressures

Peloton CEO Resigns, Triggering 15% Staff Layoffs Amid Financial Pressures

Barry McCarthy resigns as Peloton CEO, leading to 15% staff layoffs due to financial pressures.  Karen Boone and Chris Bruzzo are appointed as interim co-CEOs, with Jay Hoag as the new chairperson.  Peloton reports Q3 revenue decline, amidst ongoing financial struggles, and aims for debt refinancing.   EKO HOT BLOG reports that Peloton’s CEO Barry … Read more