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You could end up in jail if you use WhatsApp like this

Facebook-owned popular cross-platform messaging and Voice over IP service app, WhatsApp recently announced that it will sue users who send bulk and automated messages via its platform,…

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CBN offers corps members loans for a 7-year tenor

The Central Bank of Nigeria (CBN) has promised to offer loans to the National Youth Service Corps (NYSC) members for a 7-year tenor. The loan is intended for the…

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Vodacom is leaving Nigeria and will sell 100% of its subsidiary.

Vodacom Group has announced it is selling it’s business unit in Nigeria, the largest telecommunications market in Africa. The South African network operator disclosed that…

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Indomie maker, Dufil Prima Foods denies ownership of cannabis-loaded truck

Dufil Prima Foods Plc, makers of Indomie Instant Noodles, has denied ownership of a  company-branded truck that was recently seized by the authorities for illegally transporting…

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NSE says Islamic finance is poised to enhance Nigeria’s fortune

The Nigerian Stock Exchange (NSE) has disclosed that the country’s Islamic finance sector is poised to contribute immensely to economic growth. Speaking at the inaugural edition…

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Manufacturers Association of Nigeria supports CBN’s policy on smuggling

The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Kadiri, has expressed the association’s full support for the Central Bank of Nigeria’s policy on smugglers….

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Julius Berger gets new Non-Executive Director

During a meeting on June 19th, 2019, the Board of Directors of Julius Berger Nigeria Plc announced the appointment of Engineer Goni Musa Sheikh as a Non-Executive…

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Telecoms operators bow to NCAA threat after 30-days ultimatum elapsed

Telecommunications companies have bowed to threat from the Nigerian Civil Aviation Authority(NCAA) after the aviation agency doubled down on its threat to demolish 8,805 masts, most…

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Bolt launches new platform for “corporate trips”

On-demand transportation platform, Bolt, has launched Bolt for Business which is a new platform for corporate trips. Bolt for Business allows companies of all sizes to manage and pay…

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NEC Inauguration: Buhari tells Governors “no more bail-outs”

On Thursday, June 20th, President Muhammadu Buhari inaugurated the National Economic Council (NEC) which will help to steer/oversee the country’s economic ambitions for the next…

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Money market funds record highest investment of N563.9 billion

Money market fund in Nigerian witnessed the highest investment of N563.9 billion as the value of mutual funds investments hit N746.5 billion in May 2019….

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Fitch claims until 2028 before Nigeria exits damage caused by Buharinomics

A recent report released by Fitch Solutions on Nigeria’s country Risk for the third quarter of 2019 reveals Nigeria’s economy will struggle to return to the robust levels of…

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Shareholders endorse Stanbic IBTC’s N15.36 billion dividend payout for 2018

Shareholders of Stanbic IBTC Holdings Plc yesterday approved a dividend payment of N15.36 billion for the 2018 financial year. The dividend declaration translates to N1.50 for every…

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Angry Nigerians storm Loom office as Ponzi scheme crashes

Popular Ponzi scheme, Loom Money Nigeria has crashed and in a bid to retrieve their money, some angry customers have stormed to their office. On arrival to…

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A strategic investor is reportedly buying out Wema Bank’s shares

A new majority shareholder may have taken shelter in Wema Bank Plc, going by the recently-recorded spike in the company’s sales volume. The Strategic Investor Revealed: According…

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Uber’s rival Swvl wants to expand into Nigeria, but commercial buses pose a threat

Egyptian vehicle hailing company, Swvl, has announced it will be making an inroad into Nigeria’s ridesharing market to offer services which the likes of Uber and Bolt are yet to…

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What next for Forte Oil Plc following Prudent Energy’s takeover?

Femi Otedola, the erstwhile majority shareholder of Forte Oil Plc, today announced his exit from the firm, in a post on his Instagram page.   During the day’s…

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Yamaha and Novastar Ventures lead Max.ng’s $7 million capital raise

Motorbike hailing service, Max.ng, has raised $7 million funding. This round is led by Novastar Ventures, with the participation of Japanese manufacturer, Yamaha. Nairametrics understands that a…

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Jumia has sold its real estate assets portal to EMPG’s Mubawab

Dubai-based Emerging Markets Property Group (EMPG), Mubawab, has finalised the purchase of Jumia‘s North-African real estate portal, Jumia House. The pan-African e-commerce platform sold the real estate portal…

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FG makes U-turn on Eurobonds, says it will issue some more

Just a day after Patience Oniha of the Debt Management Office (DMO) disclosed that the Federal Government has no plan to return to Eurobonds market this year…

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