Business
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NNPC resumes talks on $29.8bn LNG projects after long delay
The Nigerian National Petroleum Company Limited (NNPC) has restarted discussions with investors to revive two major Liquefied Natural Gas (LNG)…
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GTBank wins Corporate Social Responsibility award for helping the community
Guaranty Trust Bank Ltd (GTBank), part of Guaranty Trust Holding Company Plc (GTCO), has been named the Best Bank for…
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Nigeria streamlines regulatory environment to boost economic growth
Vice President Kashim Shettima has urged regulatory agencies to eliminate overlaps and align with President Bola Tinubu's agenda for economic…
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Tinubu pledges robust financial system as Coca-Cola increases its investment with $1bn in Nigeria
President Bola Tinubu has reiterated his administration’s commitment to creating a robust financial system and a business-friendly economy that will…
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e-Transaction: CBN reduces cybersecurity levy to 0.005%
The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 percent to 0.005 percent in…
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CBN constitutes new board, appoints additional EDs for Keystone Bank
As part of the Central bank’s strategy to ensure sustained growth for the financial institution, the apex bank has reconstituted…
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Obasanjo calls for stronger economic unity among African nations
Former President Olusegun Obasanjo has urged African countries to strengthen their economic connections and pool resources to build a more…
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CBN warns that removing fuel subsidy might impact reserve growth
The Central Bank of Nigeria (CBN) has cautioned that removing the fuel subsidy, along with lower import bills and higher…
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NNPC announces new petrol prices: Lagos N950, Abuja N992, Borno N1,019
NNPC Limited (NNPCL) announced new petrol prices following its latest purchase from Dangote Refinery. The updated prices show an increase…
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Dangote Refinery denies selling Petrol to NNPCL at N898 per litre
The Dangote Refinery has denied selling petrol to the Nigerian National Petroleum Company Limited (NNPCL) at N898 per litre.
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NNPCL bought 16.8m Petrol From Dangote Refinery At N898 Per Litre — Spokesman
The Nigerian National Petroleum Company Limited (NNPCL) has said that it bought petrol from the Dangote Refinery at N898 per…
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Dangote refinery set to revolutionize Nigeria’s fuel market
In a groundbreaking development, the Dangote Refinery is poised to transform Nigeria's fuel landscape with its imminent commencement of petrol…
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NERC fines AEDC N1.3bn for overbilling consumers
The Nigerian Electricity Regulatory Commission (NERC) has imposed a fine of N1.3 billion on Abuja Electricity Distribution Company (AEDC) for…
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Naira surged by 4.8% after domestic dollar bond sale
The value of the naira recorded its highest gain by 4.8 per cent against the US dollar in nearly two…
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Dangote Refinery warns it may need to export 97% of its petrol
Dangote Refinery has announced that it might have to export 95-97 percent of its Premium Motor Spirit (petrol) due to…
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Innoson unveils first made-in-Nigeria electric vehicle
Innoson Vehicle Manufacturing Company (IVM), a vehicle manufacturer from Nigeria, has just introduced its first electric vehicle made in Nigeria.…
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Flutterwave launches Send App in Malawi, enhancing cross-border money transfers
Flutterwave has commercially launched its remittance product, Send App, in Malawi, enabling customers to facilitate cross-border money transfers into the…
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Nigeria, World Bank partner to unlock $300bn in undocumented land
The Ministry of Housing and Urban Development and the World Bank Group have agreed to collaborate on registering and titling…
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Nigeria raises over $900m in Domestic FGN US Dollar Bond
Nigeria’s efforts to deepen its capital market and diversify funding sources took a significant leap with the successful issuance of…
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Kuda Launches Virtual and Physical PoS Solutions to Support African SMEs
Kuda, also known as Kuda Technologies, a fintech company operating in Nigeria and the UK has introduced virtual and physical…
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Euromoney Awards for Excellence 2024: GTB emerges Best Bank in CSR
Guaranty Trust Bank Ltd, a subsidiary of Guaranty Trust Holding Company Plc, has won the award for Best Bank for…
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$1bn Kogi steel project a breakthrough — FG
The Minister of Solid Minerals, Oladele Alake, has hailed the $1n (N1.6tn) new iron ore to the steel project planned…
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VAT rate remains unchanged at 7.5% – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has refuted reports suggesting an increase in…
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Nigeria’s daily petrol consumption doubles after subsidy removal, raises concerns
The mystery surrounding Nigeria's daily petrol consumption has deepened, with reports indicating a dramatic increase following the removal of the…
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SERAP gives Tinubu ultimatum to reverse unlawful petrol price hike, investigate NNPC
The Socio-Economic Rights and Accountability Project (SERAP) is calling on President Bola Tinubu to immediately reverse the recent illegal hike…
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Naira records mixed performance as forex market volatility persists
The Nigerian naira experienced a mixed performance on Friday, appreciating slightly on the Nigerian Autonomous Foreign Exchange (NAFEX) but depreciating…
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Tinubu explains why fuel prices went up to Nigerians in China
President Bola Ahmed Tinubu explained to Nigerians in China why the price of petrol recently went up.
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BoI makes history with €1.43 billion loan syndication, 142.5% oversubscription
The Bank of Industry (BOI) has achieved a landmark success in its global loan syndication, securing €1.43 billion and surpassing…
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NNPC hasn’t started shipping petrol yet, talks are still in progress – Dangote Refinery
Dangote Refinery wants everyone to know that NNPC Limited hasn’t begun sending petrol from their facility yet because they’re still…
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NNPC advocates for market-based petrol pricing to end fuel queues
The Nigerian National Petroleum Company Limited (NNPC) has called for the adoption of unrestricted free market pricing of Premium Motor…
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Dangote Refinery: FEC will set petrol prices
Aliko Dangote, Chairman of Dangote Group, announced on Tuesday, September 3, that the price of petrol from his refinery will…
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President Tinubu’s new scheme, CREDICORP, takes off
The Nigerian Consumer Credit Corporation (CREDICORP) has started distributing Consumer Credit, a new program introduced by President Bola Tinubu to…
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NUPENG celebrates the start of Dangote refinery as a huge success
The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has praised the opening of the Dangote refinery, which will…
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Fuel hike: Motorists stranded as filling stations close in Anambra
On Tuesday, September 3, 2024, many filling stations in Anambra State closed their doors after news spread that the Nigerian…
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NNPC raises pump price to N897/litre
On Tuesday, September 3, just two days after announcing it was over $6 billion in debt due to high petrol…
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HMD launches Barbie phone in partnership with Mattel
HMD Global, which makes Nokia opens new tab-branded phones, said it has teamed up with toymaker Mattel, opens new tab to…
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FG, Boeing sign MoU to boost Aviation sector
The Federal Government has signed a Memorandum of Understanding with aircraft manufacturer, Boeing to boost the nation’s aviation sector. Disclosing…
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More Nigerians may rely on borrowing in the next 6 months – CBN report
A report from the Central Bank of Nigeria has warned of further financial strain for Nigerians. The report noted that…
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Unpaid electricity bills: UNILAG in darkness over N300m debt
Eko Electricity Distribution Company has disconnected the power supply to the University of Lagos, Akoka, over unpaid electricity bills. This…
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BREAKING: NCC sets final deadline for NIN-SIM linkage on September 14
The Nigerian Communications Commission (NCC) has announced that all Mobile Network Operators (MNOs) must complete the linkage of Subscriber Identification…
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