business
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Guniness Announces Plan To Leave Nigeria After 75 Years
Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday, June 11. Guinness has joined a long list…
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Local Refining May Crash Petrol Price To N300/Litre
The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers,…
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Dangote Opens Truck Assembling Plant In Lagos
President of the Senate, Hon. Godswill Akpabio joins other dignitaries for the commissioning of the CKD plant at Dangote Sinotruk West Africa Limited in Ikeja. With the capacity to assemble…
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IMF: Nigeria Account Balance Surplus Hits ₦1.432 Billion
Nigeria’s current account balance has experienced a surplus of $1.432bn in 2024, according to a report by the International Monetary Fund (IMF). The report, ‘World Economic Outlook Database’ seen by…
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NASENI’s CNG Conversion Centre Set for Inauguration
President Bola Tinubu is to inaugurate National Agency for Science and Engineering Infrastructure (NASENI) Compressed Natural Gas (CNG) Conversion, Filling, Reverse Engineering and Training Centre in Utako, Abuja, tomorrow. Executive…
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Nigerian Breweries 2024 Maltina Teacher to receive N10m
Nigeria Breweries Plc has said “Maltina Teacher’’ at this year’s competition” will receive a N10 million reward. Corporate Affairs Director, Sade Morgan, spoke in Lagos at a media parley. In…
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Total Invests $600m In Congo
French oil major, TotalEnergies, has announced a $600 million investment deal in the Republic of Congo few days after the CEO said the company chose Angola over Nigeria for a…
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CBN raises interest rate to 26.25%
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has increased the monetary policy rate (MPR), which serves as the benchmark for interest rates, from 24.75 percent to 26.25 percent.…
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Central Bank of Nigeria withdraws Cybersecurity Levy circular
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing commercial banks, mobile money operators, and other financial institutions to implement the National Cybersecurity Levy. The circular, issued…
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Dangote’s Exit from Fuel Imports in June Spurs Marketers to Seek Bulk Supply
The Dangote oil refinery is set to put an end to the monthly importation of an average of 1 billion litres of premium motor spirit in Nigeria. This was as…
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