Business and Economy
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Rising FDI signals opportunities for insurance industry – NIA Chairman
By Rukayat Adeyemi Lagos, Oct. 23, 2024 Mr. Kunle Ahmed, Chairman of the Nigerian Insurance Association (NIA), says the recent…
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Tinubu meets, thanks NIPCO executives for investments in CNG sector
President Bola Tinubu has thanked NIPCO for investing in Nigeria’s Compressed Natural Gas (CNG) sector during a meeting with the…
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Nigeria’s cross-border traders receive training to boost trade facilitation
By Rukayat Adeyemi Lagos, Oct. 22, 2024 Two hundred small-scale cross-border traders (SSCBTs) in Nigeria on Monday completed a six-week…
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President Tinubu, Nigerians Deserve Transparency on Subsidy Savings By Bukar Mohammed
President Bola Ahmed Tinubu, there is an urgency that can not be overstated— the need to show Nigerians tangible results…
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NGX: Investors gain N123bn as bullish sentiment persists
By Rukayat Adeyemi Lagos, Oct. 22, 2024 The Nigerian stock market on Tuesday sustained bullish sentiment with N123 billion added…
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Afreximbank acts as Joint Lead Manager on Ecobank Transnational Incorporated’s USD 400mn senior unsecured note issuance
CAIRO, Egypt, October 21, 2024 African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) has announced that it has successfully acted as Joint Lead…
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Cardoso restates CBN’s commitment to youth development
ABUJA The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s commitment to developing…
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NNPC retail sensitizes over 1,000 auto mechanics on CNG adoption, Oleum lubricant range
As part of its efforts to accelerate the adoption of Compressed Natural Gas (CNG) as a cleaner and more affordable…
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NNPC-CNL Joint Venture successfully drills the Meji NW-1 Well
Lagos, October 18, 2024: The NNPC Limited – Chevron Nigeria Limited Joint Venture (NNPC-CNL JV) has made a near-field discovery…
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Naira among worst-performing currencies in Africa – World Bank Report
The Nigerian Naira is one of the weakest currencies in sub-Saharan Africa as of the end of August 2024, according…
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Nigeria’s $1trn economy achievable with key policies, says analyst
By Rukayat Adeyemi Lagos, Oct. 16, 2024 A financial analyst, Mr. Oluwaseyi Odufuwa, says Nigeria’s ambition to build a one-trillion…
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Sustainability: Dangote Cement commits to Carbon Emission education for business optimisation
.…Feeds vulnerable communities, empowers children, widows As part of activities marking the 2024 Global Sustainability Week, leading Cement manufacturer, Dangote…
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Transcorp Power Plc reports strong Q3 2024 performance, with 153% revenue growth, 198% increase in profits
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has announced its financial results for the third quarter…
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Why we listed N4.34bn shares on NGX – Aradel Holdings; Listing lifts market capitalisation up by N3.42bn
By Rukayat Adeyemi Lagos, Oct. 14, 2024 Aradel Holdings Plc, on Monday, said it listed on the Main Board of…
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Abia Govt begins disbursement of interest-free loans to 302 farmers
By Ihechinyere Chigemeri-Uwom Umuahia,Oct. 14, 2024 The Abia State Government says it has commenced the disbursement of interest-free loans to…
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Air Peace reacts to report of charges against CEO in U.S.
By Itohan Abara-Laserian Lagos, Oct. 13, 2024 Air Peace has reacted to a report of fraud charge by the U.S.…
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NGX suspends trading of Transcorp shares, investors gain N46bn
By Rukayat Adeyemi Lagos, Oct. 12, 2024 The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational…
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APPO Chief calls for unified African voice, warns against EU carbon tax at Energy Conference
CAPE TOWN, South Africa, October 9, 2024 Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organisation (APPO),…
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Huawei disrupts smartphone globally with revolutionary Mate XT; Delivers exclusive samples to Chairman of Zinox- Konga Group, Mr. Leo Stan Ekeh
Huawei, a global technology leader, has introduced a revolutionary new masterpiece to its smartphone lineup—the HUAWEI Mate XT. This groundbreaking…
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Cardoso champions We-Fi Code declaration for women entrepreneurs
ABUJA The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged stakeholders in the financial ecosystem…
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African Development Bank appoints Dr. Emmanuel Pinto Moreira Director, Special Operations, President’s Cabinet
ABIDJAN, Ivory Coast The African Development Bank Group (www.AfDB.org) has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations…
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Presidential directives on Nigerian Content has shortened contracting cycle, eliminated middlemen -NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) announced on Monday that it has eliminated middlemen from the oil and…
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CBN is serious about fair, efficient markets – Cardoso
LAGOS The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that the Bank’s decision to…
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Afreximbank joins Africa Collective, African Continental Free Trade Area as Host Partner at Davos 2025
DAVOS, Switzerland Africa Collective and the African Continental Free Trade Area (AfCFTA) Secretariat are happy to announce African Export-Import Bank…
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CBN sells US$543.5 million to Authorized Dealer banks in September
The Central Bank of Nigeria (CBN) has sold a total of US$543.5 million (Five Hundred and Forty-Three Million, Five Hundred…
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