Business News
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Dangote Cement market cap rise to N13 trillion now double BUA Cement
Dangote Cement, Nigeria’s most prominent cement producer, has achieved a remarkable market valuation of N13 trillion, significantly outpacing its closest…
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It’s time for African countries to shape the WTO, not just sit in it
At the 50th anniversary celebration of the origins of the international trade system in 1998 in Geneva, Nelson Mandela in…
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High cost of mobile phones hindering digital inclusion in Nigeria – Karl Toriola
The Chief Executive Officer of MTN Nigeria, Karl Toriola, has identified the high cost of mobile phones as an obstacle…
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Can MTN Nigeria and Airtel reach N10 trillion market capitalization threshold?
As Nigerian equities surge, driven by substantial increases in the share prices of SWOOT companies and Dangote Cement’s recent feat…
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Katsina Govt. approves N74.5 billion for construction of 9 roads in capital city
The Katsina State Executive Council has approved a budget of N74.5 billion for the construction of nine new roads in…
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Italy’s Prime Minister unveils $5.9 billion investment plan for Africa to discourage migration
Italy’s Prime Minister, Giorgia Meloni, revealed an investment plan in the region of €5.5 billion ($5.9 billion) aimed at enhancing Italy’s…
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Ten years on, why Nigeria must rebase its economy – Economists
2024 makes it the 10th year since Nigeria last rebased its economy. The United Nations Statistical Commission recommends the exercise…
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Nigeria’s pension industry gains N3.36 trillion in 2023, fastest growth on record
Nigeria’s total pension asset gained a remarkable N3.36 trillion in 2023, closing the year at a record high of N18.36…
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Lekki Deep Seaport receives first LNG powered vessel
Lekki Deep Seaport welcomed the CMA CGM SCANDOLA on Monday, January 29, 2024, marking the historic arrival of the first…
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Breaking: Brent crude oil price rises to $82 per barrel
Brent crude price rose by 0.3% to $82 per barrel on Tuesday, January 30, 2024. A Nairametrics review of…
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Shettima inaugurates N15 billion CBN-funded complex in Bayero University in Kano State
Vice President Kashim Shettima on Monday officially launched a N15 billion Centre of Excellence complex funded by the Central Bank…
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BREAKING: NAFEM Exchange rate falls to record low of N1348/$1
Naira on Monday fell to a record low of N1,348.63 per dollar following strong demand on the official market, also…
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Naira hits record low of N1,348.63 /$1 at the official market
Naira on Monday fell to a record low of N1,348.63 per dollar following strong demand on the official market, also…
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NGX continues bullish momentum as ASI gains 2.22%, hits 104,674.67
After slowing down the bullish momentum last week, the NGX has jerked back with a 2.22% gain, as the All-Share…
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VP Shettima appeals for global support in e-mobility, other key sectors
Vice President Sen. Kashim Shettima has urged international development partners to increase their support for the Tinubu administration, emphasizing priority…
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Tinubu approves $700 million for road projects to boost business activities in Lekki port
President Bola Tinubu has approved the sum of $700 million for 7 road projects to boost business activities and logistic…
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PwC Expects Pressure on Nigeria Consumer Spending in 2024
By Adedapo Adesanya Professional services firm, PwC Nigeria, has noted that consumer spending will be pressured in 2024 due to…
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FMN delivers a solid performance in Q3’2023/24
The growth is fueled by strong performance in the consumer food segment and driven by the affordable regionally targeted brands…
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Abia Prohibits Use of Styrofoam Foils After Lagos
By Modupe Gbadeyanka The use of Styrofoam foils for the packaging of food and others has been prohibited in Abia…
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Dangote refinery to import crude oil from the United States
Dangote refinery is preparing to import crude from the US in the forthcoming months, signalling the increasing competitiveness of American…
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