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Business & Economy
NGX gains N44b as banking, telco stocks rally
The equities segment of the Nigerian Exchange (NGX) gained more than N44 billion on Thursday over positive price movement in Airtel Africa.
As a result, key performance indicators…
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New wage begins April, FG votes N24tr for salaries
The Federal Government on Thursday said a new minimum wage regime would come into effect on April 1, 2024.
The Minister of Information and National Orientation, Idris Mohammed, who…
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South African billionaire family buys Nigeria’s top can-maker firm
A South African billionaire family popularly known as Oppenheimer has acquired a controlling stake in one of Nigeria’s prominent can makers, GZ.
The acquisition was completed by…
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OPEC+ slashes oil output further to boost flagging prices
Saudi Arabia, Russia and other major oil-producing nations on Thursday announced they would further slash production next year in an effort to prop up volatile prices.
But prices…
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British Tobacco gets new board chairman
British American Tobacco Nigeria has announced the appointment of Kola Karim as its Advisory Board Chairman, with effect from November 1, 2023.
Announcing this in a statement on…
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Nigeria, US collaborate on mining projects funding
The Nigerian authorities and those of the United States (US) on Wednesday held talks on how to fund mining projects in Nigeria. According to a statement by Mr Kehinde Bamigbetan,…
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The law must be respected, NUPRC tells Chevron, Escravos host communities
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has waded into the dispute between Chevron Nigeria Limited and some communities within the company’s Warri exploration and…
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Presidency backs CBN on bank recapitalisation
The Presidency has backed plan by the Central Bank of Nigeria (CBN) to increase the capital base of deposit money banks in the country.
President Bola Tinubu, in a goodwill message…
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Old, new naira notes to co-exist till further notice – Supreme Court
The Supreme Court on Wednesday ordered that the old N200, N500, N1000 notes should continue to co-exist with the new notes till further notice.
The apex court ruled that both old and…
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Nigerian exchange down by N165b over selling rallies
Losing about N165 billion today, the equities investors in the Nigerian Exchange saw their combined wealth falling for the second day in the week due to weak sentiment. Again, the…
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