business
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Dangote Refineries to Supply 150,000 IPMAN Stations as per Plan
The Dangote Petroleum Refinery is to supply fuel to about 150,000 retail outlets operated by the Independent Petroleum Marketers Association of Nigeria following a meeting between the management of the…
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CBN Identifies Violations in FX Market Regulations, Prepares Sanctions for Offenders
The Central Bank of Nigeria (CBN) says an independent forensic review of the foreign exchange (FX) backlog revealed “grave infractions, gross abuse and noncompliance” with market rules. Disclosing the development…
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Naira Weakens to N1,295/$ in Parallel Market Exchange
The naira yesterday fell to N1,295 per dollar in the parallel market from N1,265 per dollar on Monday. However, the naira depreciated to N878.57 per dollar in the Nigerian Foreign…
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Inflation Soars to 29% Due to Food and Forex Challenges
Soaring food prices and foreign exchange pressures may have pushed up push inflation rate beyond 29 per cent, it was learnt yesterday. The National Bureau of Statistics (NBS) will today…
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Nigerian Banks Propel Stock Market to Second-Highest Global Gains in 2024
Nigerian equities are beating all peers in the Europe, Middle East and Africa region in 2024 as pension funds and institutional investors pile into stocks on expectations of record profits…
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Cadbury Board Initiates Sale of 402 Million Shares Due to $7.7 Million Debt Challenge
Cadbury Schweppes Overseas Limited, controlled by Mondelēz International Inc, is a major investor in Cadbury Nigeria with 74.97 percent stake. In a statement on Tuesday, Cadbury Nigeria said it borrowed…
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