Business

Tinubu appoints Gaga as new ED NEXIM

President Bola Tinubu has approved the appointment of Mr Ibrahim Gaga as Executive Director, Corporate Services, at the Nigerian Export-Import Bank (NEXIM). Special Adviser to the President on Media and…

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NGX opens week negative, down 3.15%

Transactions resumed on the Nigerian Exchange Ltd. (NGX), on Monday, on a negative posture with the market indices declining by 3.15 per cent due to selloffs. Specifically, the market capitalisation…

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Dangote Cement faults security agents on its trucks intercepted in Adamawa

…says we don’t need to export to Cameroun where we have an existing cement plant The management of Dangote Cement Plc has stated that two of its trucks that were…

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Report: AfDB rates Africa’s GDP at 3.8 per cent in 2024

The real Gross Domestic Product (GDP) growth for Africa is expected to average 3.8 per cent and 4.2 per cent in 2024 and 2025. The African Development Bank (AfDB) said…

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BUA announces 50% salary increment for staff

Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board. Rabiu made the disclosure in an internal memo…

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Nigerian Breweries records N106bn loss in 2023

Nigerian Breweries Plc has recorded a net loss of N106 billion for the year ended 2023, as against N13.93 billion posted in its 2022 financials, indicating 860 per cent loss.…

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Bi-Courtney warns passengers against vandalism over flight disruptions

Bi-Courtney Aviation Services Ltd., operator of Murtala Muhammed Airport Terminal Two (MMA2), Ikeja, has warned aggrieved passengers never to resort to violence and destruction of airport property following flight disruptions.…

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EFCC arrests 26 internet fraudsters in Abuja

Operatives of the Economic and Financial Crimes Commission (EFCC), Abuja Zonal Command, on Tuesday, February 13, 2024, arrested 26 suspected internet fraudsters. They were arrested at Kurudu, Jahi, Kubwa, and…

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Inflation: CBN increases PVS limit from 2.5 to 15 per cent

The Central Bank of Nigeria (CBN) has announced an upward review of the Price Verification System (PVS) from 2.5 per cent to 15 per cent. A circular by Director, Trade…

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UK ‘ll work with Nigeria to reduce trade barriers, says Badenoch

……. Sanwo-Olu: Consider Lagos as destination of choice for investments Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday, implored foreign investors, particularly the business community in the United Kingdom to consider Lagos…

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