Business and Economy
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Afreximbank’s Creative Africa Nexus (CANEX) announces release of groundbreaking Extended Play (EP) “One Drum”
CAIRO, Egypt, August 16, 2024: The Marley family, Scorpion Kings, Sofiya Nzau, Flavour, and Olodum unite on Groundbreaking EP “One…
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FG grows foreign reserves by $4bn – Edun
Minister of Finance, Wale Edun By Kadiri Abdulrahman Lagos, Aug. 15, 2024 The Minister of Finance and Coordinating Minister of…
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Delay in crude supply to Dangote Refinery poses risk to Nigeria’s economy – EIU Report
The Economist Intelligence Unit (EIU) has issued a warning that further delays in crude oil feedstock to the Dangote Petroleum…
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Afreximbank signs project preparation facility agreement to support development of Veenocks porcelain tiles plant in Nigeria
CAIRO, Egypt, August 15, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed a project preparation facility agreement with Veenocks Limited…
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We have not fixed petrol price – Dangote Refinery
Dangote Refinery Lagos, Nigeria, has denied a report that it has fixed the price of its Dangote Premium Motor Spirit…
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Zenith Bank assures shareholders of no dilution in combined offering
By Rukayat Adeyemi Lagos, July 12, 2024 Zenith Bank Plc has reassured its shareholders that its existing shareholding will remain…
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Afreximbank, Uganda Development Bank sign project preparation financing agreement
CAIRO, Egypt, August 12, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and the Uganda Development Bank (UDB) have signed a Joint…
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SOL Temporary Staff Services will help businesses to thrive in Nigeria’s volatile economy – Ogunlowo
In the face of Nigeria’s challenging economic landscape, and with businesses seeking innovative solutions to stay agile and responsive, Strategic…
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Investors Scramble for Fidelity Bank’s Offers
Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather…
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Afreximbank to double intra-African trade financing to $40 billion by 2026
ABUJA, Nigeria, August 9, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20…
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NCDMB joins African Energy Week 2024 as platinum sponsor, Local Content partner to boost capacity building
CAPE TOWN, South Africa Throughout its 14-year history, social enterprise and development institution, the Nigerian Content Development and Monitoring Board…
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Unlocking immense value in Zenith Bank’s Hybrid Rights Issue and Public Offer
Zenith Bank Plc, in a significant move to meet the Central Bank of Nigeria’s (CBN) new minimum capital requirement of…
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CBN reaffirms commitment to provide liquidity support to FX markets
ABUJA In the latest testament to the Central Bank of Nigeria’s (CBN) ongoing commitment to support the proper functioning of…
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Half Year: Veritas Kapital’s post-tax profit up 630% to N4.91bn
By Rukayat Adeyemi Lagos, Aug. 7, 2024 Veritas Kapital Assurance Plc has recorded a profit after tax of N4.91 billion…
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Economic sabotage: Count us out – NNPC Ltd
The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of…
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CBN approves financial accommodation for Unity Bank, Providus Bank merger
The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between…
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Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG)
….Strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings…
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NNPC Ltd. unveils new crude oil grade, begins export to Spain
By Emmanuella Anokam Abuja, July 5, 2025 The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced the introduction of…
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Service delivery: IBEDC engaged 18,000 stakeholders in 6 months – MD
By Ige Adekunle Sango-Ota (Ogun), Aug. 5, 2024 Ibadan Electricity Distribution Company (IBEDC) says it had engaged no fewer than…
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Dangote Cement: Pan-African revenue for half-year grows by 139.9%
Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote…
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NNPC Ltd: An all-round asset to Nigeria By Olufemi Soneye
In its editorial of 2nd August, 2024, the BusinessDay newspaper, characteristically, launched another scurrilous and baseless attack on the Nigerian…
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Afreximbank’s African Quality Assurance Centre receives international accreditation from South African National Accreditation System
CAIRO, Egypt, August 2, 2024 African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) first African Quality Assurance Centre (AQAC), implemented in Ogun State, Nigeria,…
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Afreximbank commits $1.4B to Ammonia and Urea Fertilizer (AMUFERT) Plant in Angola
LUANDA, Angola, July 31, 2024 Pan-African multilateral financial institution, the African Export-Import Bank (Afreximbank) will support the establishment of Ammonia…
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AAMFI welcomes AU Ministers’ decisions on African Multilateral Financial Institutions’ preferred creditor status
ACCRA, Ghana, August 1, 2024 The Alliance of African Multilateral Financial Institutions (AAMFI) held the third meeting of its Governing…
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Nigerian students pass vote of confidence on Dangote Refinery
The students’ position came amidst alleged efforts by management of the NNPCL to induce the students body’s leadership with $250,000…
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