BUSINESS
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FinTech Association Backs CBN Reforms to Strengthen Banking Security
The apex bank introduced several policy measures within a short period, including a rule restricting banking applications to a single…
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Customers Protest Rising Bank Charges, Say Deductions Discourage Savings
Bank customers across Nigeria are increasingly expressing frustration over the growing number of transaction-related charges imposed by commercial banks, warning…
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Togo Seeks Higher Electricity Imports from Nigeria
The government of Togo has signalled its intention to increase electricity imports from Nigeria as part of efforts to meet…
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Afreximbank Expands Narrative of African Transformation with Season Two of ‘Impact Stories’
Afreximbank says the ‘Impact Stories’ initiative is part of a broader strategy to demonstrate how development finance is translating into…
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MSC Secures 45-Year Concession to Build Snake Island Container Terminal in Lagos
Nigeria’s maritime sector is set for a major transformation following a landmark agreement involving the world’s largest container shipping company,…
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CIBN Inducts 2,020 Chartered Bankers, Urges AI-Driven Transformation in Nigeria’s Financial Sector
Nigeria’s banking profession received a significant boost as the Chartered Institute of Bankers of Nigeria (CIBN) inducted 2,020 new chartered…
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Food Import Duty Suspension Helped Ease Inflation Pressure, Says Customs Chief
Nigeria’s temporary suspension of customs duties on selected imported food items has contributed to easing inflationary pressures in the economy,…
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Indorama, Nigerian Breweries and Genesis Move to Build One of Africa’s Biggest rPET Plants in Nigeria
Planned for Lagos, the rPET Plant facility is expected to produce up to 45,000 tonnes of food-grade rPET resin annually,…
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Strategic Oil Shock: Türkiye Joins Record IEA Stockpile Release to Stabilise Global Energy Markets
Türkiye has announced the release of 11.6 million barrels of crude oil from its strategic reserves, joining the largest coordinated…
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NAICOM Mandates NIN Linkage for All Insurance Policies in Nigeria
Nigeria’s insurance regulator, the National Insurance Commission (NAICOM), has made NIN Linkage mandatory by introducing a new identity verification rule…
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