Nigerian billionaire Femi Otedola, the Chairman of FBN Holdings, has acquired an additional 2.22 per cent stake in First Bank. This was disclosed in a corporate filing on the Nigerian Exchange Group on Monday. With this latest purchase, Otedola’s ...
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LG Electronics has launched its newest washing machine and dryer combined in a single unit. Announcing this in a statement on Sunday, the company said that the product named ‘LG WashTower’ has the latest technologies and smart features. The ...
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Nigeria’s monthly inflation rate has slowed for the third consecutive month, indicating the effectiveness of the Central Bank of Nigeria’s monetary policy tightening measures. The CBN highlighted this in a statement shared with Journalists on Saturday. According to the ...
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Financial analysts have raised concerns over Davido’s newly launched meme coin and warned about the associated risks. The introduction of the coin into the market has sparked a debate within financial circles. Experts have highlighted similarities to historical Ponzi ...
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The Securities and Exchange Commission has instructed all Nigerian fund managers to provide detailed information regarding their exposure to the recently liquidated Heritage Bank. The Head of the Monitoring Department, SEC, Tarfa Makyur, stated in a signed circular to the ...
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The Federal Government has spent a total of $15.55bn on debt servicing between 2019 and 2024, according to the latest data from the Central Bank of Nigeria. In 2019, Nigeria paid $588.33m in debt service between January and May, ...
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The Group Chief Executive of FCMB Group, Ladi Balogun, has hailed the economic value of the annual Ojude Oba Festival, which recently took place. Balogun disclosed this in a statement made available to The PUNCH on Sunday. He noted that the ...
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Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has launched its Education Endowment Plan, which empowers parents and guardians to secure the academic future of their children or wards. At the launch of the plan in Lagos recently, ...
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Dangote Group has accused International Oil Companies (IOCs) operating in the country of deliberately sabotaging Dangote Refinery’s plan to roll out petrol into the market According to the company, the IOCs are doing this to ensure that the country remains dependent on petrol ...
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Davido has released his pre-wedding photos He released the photos today on Instagram. Davido and CHioma will be tying the knot in Lagos next Tuesday, June 25. We say big congrats to them! More photos below… View ...
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Kenyans are protesting new tax proposals Thousands of them, mostly young people demonstrated in Kenya’s capital and across the country against the proposals by the administration of President William Ruto in its annual budget legislation. The protests brought Nairobi’s central business district to ...
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Nearly two-thirds of Nigerian professionals and three-quarters of Ghanaian professionals are willing to work abroad, a new report by Boston Consulting Group and The Network has shown. The report, Decoding Global Talent 2024, surveyed over 150,000 workers in 188 ...
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Coronation Merchant Bank grew its gross earnings by 62 per cent to N61.6bn for the year ending December 31, 2023. In a statement issued after its Annual General Meeting held in Lagos on Thursday, the lender said the surge ...
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Fidelity Bank Plc opened its N127.10bn rights issue and public offer on Thursday, becoming the first bank to go public following the recapitalisation directive of the Central Bank of Nigeria issued in March. Fidelity Bank on Thursday commenced its ...
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Representatives of the NNPC and TotalEnergies JV signing the investment deal to boost Nigeria’s gas production. In a significant move to enhance Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million final investment decision for the ...
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Abdul Samad Rabiu Initiative for Africa in collaboration with BUA Foods has donated foodstuffs and N10m as a grant to widows in Lagos to mark the 2024 International Widows’ Day. The N10m grant and products were distributed at the International ...
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Prices of tomatoes and pepper in the North have continued to soar despite the items being in their season. The development has reached an alarming level such that residents say their prices have stripped them to bare bones. Most of ...
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Come July 2nd 2024, Harmony Gardens and Estate Development Ltd, under the leadership of Hon. Dr Saheed Mosadoluwa better known as Mr Ibile will be hosting Bridging Housing Deficit Summit 2024 “BHDSummit2024”, coinciding with the grand launch of Lekki Aviation ...
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The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas rose by 70.12 per cent, Year-on-Year, YoY to N7,418.45 in May 2024 from N4,360.69 in May 2023. The National Bureau of ...
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Nollywood actress Uche Elendu has taken to social media to air her disappointment at the skyrocketing price of a crate of eggs The sudden increase in prices of essential commodities, including eggs, has left many Nigerians reeling, as the ...
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Popular Nigerian comedian and content creator, Sabinus, has ventured into the cryptocurrency space by launching his own crypto coin, Sabicoin. This move follows in the footsteps of renowned musician, Davido, who also launched his own cryptocurrency recently. Sabinus announced ...
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First Bank of Nigeria Limited has partnered with the International Women’s Society (IWS) to empower over 250 widows, in commemoration of the 2024 International Widows’ Day. The News Agency of Nigeria (NAN) reports that beneficiaries at the Lagos ...
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The World Bank has approved two financing facilities of $2.25 billion for Nigeria to support the Federal Government’s efforts to stabilize the economy The approval was announced in a statement yesterday titled, “Supporting Nigeria’s Homegrown Reforms: New World Bank ...
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Three persons have d!ed following the collapse of a mining pit in the Adunu community, Paikoro Local Government Area of Niger State The Director General of the Niger State Emergency Management Agency, Abdullahi Baba’arah, confirmed the d3ath of three ...
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Under Elon Musk’s ownership, X (formerly Twitter) has undergone significant transformations. The latest update makes Likes private for all users, emphasizing user privacy. This change is now live, and X announced it yesterday before implementing it today. Users can ...
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