Lekki Deep Sea Port is one of the biggest in West Africa and is expected to create hundreds of thousands of jobs in addition to easing cargo congestion that costs billions of dollars.
About six percent of the company's workforce, or roughly 600 jobs, will be cut, and its chief content and advertising business officer will also depart as part of a broader reorganisation.
While media layoffs were not as dramatic as those rocking tech giants such as Microsoft and Google, they were consequence of falling advertising revenue amid gloomy economic climate, experts say.
Pakistan and Russia agree to complete an oil and gas export process by end of March with Islamabad paying in "currencies of friendly countries" instead of US dollars.
Ford declined to comment on the report published by Automobilwoche but said transformation to electric vehicles required "significant change" in the way it produces cars.
The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Meta, Amazon and Twitter.
Netflix worldwide subscribers are now more than any rival in an increasingly crowded field of video streaming competition that includes the likes of Amazon, Hulu, Google’s YouTube, Walt Disney Co. and Apple.
Treasury Secretary Janet Yellen tells Congress that US failure to meet its debt obligations will cause "irreparable harm" to the country's economy, as Republicans demand spending cuts.
