BUSINESS
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MAN Gets $500 million boost ahead of AfCFTA
A $5oo million facility has just be granted by the African Export-Import Bank (Afreximbank) to the Manufacturers Association of Nigeria…
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CBN Orders DFIs to Meet at least 10% Leverage Ratio
The Central Bank of Nigeria (CBN) has directed all Development Finance Institutions operating in the country to henceforth meet at…
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South African Firm to Sell Stake in Oando Office Tower
South African firm, Redefine Properties is set to sell its 37.1% stake in the landmark Oando Wings office towers in…
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External reserves: Nigeria loses $1.23bn in a month
Nigeria’s foreign exchange reserves have dropped to a five-month low of $43.67bn, losing $1.23bn in 29 days. This was according…
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FG Spent N650.2 billion on Petrol Subsidy in 12 Months — NNPC Report
A new report by the Nigerian National Petroleum Corporation (NNPC), has revealed that the Federal Government spent a total of…
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Dangote Group to Invest in Rice, Tomato paste production
As a way of reducing unemployment and contributing to the revitalisation of the Nigerian economy, Dangote Group has decided to scale up investments…
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Nigeria’s Gas, Crude Oil Revenue Declines by $226.38 million – NNPC
Earnings from oil and gas production in June were down by 44.65 percent, indicating a value reduction of about $226.38…
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May & Baker Witnessed over N500 million Loss in six months
The pharmaceutical company, May & Baker lost about N553 million in the first six months of this year. The company’s revenue in…
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FirstBank Deepening Financial Inclusion through 31,000 Agent Network
In its quest to deepen financial inclusion, FirstBank is channelling its resources to reach those at the bottom of the pyramid through…
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FBI List: EFCC Arrests Mastemind Behind ₦60 million Internet Fraud
The Economic and Financial Crimes Commission (EFCC) has arrested 36-year-old Joseph Oyediran, one of key wanted fraudsters on the list…
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