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CATEGORY

Business & Economy

CBN extends validity of old naira indefinitely

The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. The bank disclosed...

Nigeria launches new oil grade…exports 950,000 barrels to France and Netherlands

The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. According...

Inaugural Lagos-Ibadan container train takes off from Apapa port

The first container freight train of the Lagos-Ibadan railway has taken off from the Apapa port in Nigeria’s commercial capital city. The container freight train carried...

Lagos Govt secures funding for Fourth Mainland Bridge, others

The Lagos State Government has secured a partnership for the construction of the Fourth Mainland Bridge and other infrastructural projects in the state.Governor Babajide...

Fear grips Nigerians as Tinubu calls for a “rebase” of electricity tariff, says DisCos need N2tn investment

President Bola Tinubu, on Monday tasked electricity regulators to start thinking about “rebasing” the current electricity tariff because what consumers are paying is not...

FBN Holdings declares N270b profit in Q3 2023

FBNHoldings, the parent company of Nigeria’s premier financial institution, has reported profit before tax of N270 billion in the nine months ended September 30,...

GTCO Plc announces N433.22bn PBT for Q3 2023 unaudited results

Guaranty Trust Holdings Company PLC (“GTCO” or The “Group”the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September...

Sanwo-Olu opens vehicle assembly plant in Lagos

The Lagos State Governor, Babajide Sanwo-Olu, has formally launched the GAC Car Assembly Plant in Lagos. The Governor disclosed this in a statement on Tuesday. According...

South Africa may overtake Nigeria as Africa’s biggest economy in 2024 – IMF

The International Monetary Fund, (IMF) through its World Economic Outlook has released a report tipping South Africa to overtake Nigeria as Africa’s biggest economy...

Breaking: President Tinubu appoints new CEOs for CAC, SON, ITF, others

President Bola Tinubu has approved the appointment of 14 new Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry,...

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