Posted in NAIJA BIZ

Facebook, MainOne romance to birth high speed internet for Ogun and Edo

Two States in Nigeria will be the recipient of a metro fibre infrastructure project that will be built in a bid to deepen broadband penetration in…

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Posted in NAIJA BIZ

America’s Trump is once again ‘messing’ with crude prices

President of the United States of America, Donald Trump, yesterday called on the Organisation of Petroleum Exporting Countries (OPEC) to lower oil prices because the world…

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The future is bleak for Sachet and PET packaged alcohol

The National Agency for Food and Drug Administration and Control (NAFDAC) would not approve the registration of alcohol products packaged in sachets going forward, the agency’s…

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Anchor Insurance’s executive director gets NAICOM confirmation

Anchor Insurance Company Limited has appointed a new executive director after an approval from the National Insurance Commission, the insurance company announced in a statement. The National…

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How to detect fake dollar bills – ABCON

Dr. Aminu Gwadabe, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), has raised alarm over the circulation of fake $100 bills in…

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Nigeria could lose its biggest crude market to Saudi Arabia

The world’s third largest crude producer – Saudi Arabia, is seriously ‘courting’ India, which also happens to be Nigeria’s biggest crude market. Saudi’s Crown Prince,…

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What’s the best fibre to home internet provider in Lekki?

Nigeria has a growing number of Internet Service Providers (ISPs), who are competing daily to serve the needs of both corporates and private individuals desirous…

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Coca-Cola launches new carbonated drink

Coca-Cola Nigeria, a subsidiary of the Coca-Cola Company, has launched a new product to the Nigerian carbonated drink market in a bid to expand the footprint of…

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Accounts Freezing: FIRS confirms payment of N23 billion by tax defaulters

Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler has disclosed that the agency has generated over N23 billion in unpaid taxes. While speaking at the Manufacturers…

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IOCs are owing Nigeria $20bn, and FG wants them to pay now

Major international oil companies (IOCs) operating in Nigeria owe a collective tax arrears of about $20 billion, money the Government is now demanding that they…

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Ibom Air expecting 3rd aircraft after second delivery

Nigeria’s first-owned airline, Ibom Air floated by Akwa Ibom government, is expecting the delivery of its third (3rd) aircraft after taking the delivery of two…

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Green Bond: SEC approves Access Bank’s book building

Nigeria’s apex regulatory institution, Securities and Exchange Commission (SEC), has approved Access Bank Plc’s book building as the lender is set to issue the first corporate green bond…

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Growing demand pushes Huggies manufacturers to consider expansion

Manufacturers of Huggies and Kotex brands of diapers, Kimberly-Clark have announced the decision to shut down its factory in Lagos, Nigeria, with the intention to expand its…

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Nigeria’s power sector loses N69.1 billion in 7 weeks

The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1 billion between January 1 and…

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Why companies are pulling their ads from YouTube in a boycott

A number of leading American companies have chosen boycott YouTube by cutting advertising ties, after evidence shows that the video streaming site is being used…

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Is your Microfinance Bank licensed by CBN?

The Central Bank of Nigeria (CBN) has recently released a list of licensed Micro-finance Banks (MFBs) in Nigeria as at February 13th 2019. The list…

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Nigeria’s CcHUB expands into East Africa

Nigeria’s Co-creation HUB (CcHUB) have made inroad into the eastern region of Africa. The company launched its outfit in Kigali, Rwanda, a move that intends to…

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Again, SEC cracks down on another ponzi scheme firm

The Securities and Exchange Commission (SEC) has sealed off the premises of a Lagos-based Ponzi scheme firm, Growing Circle, for engaging in illegal fund management activities….

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Goxi gets NAICOM approval to become first standalone microinsurer

The National Insurance Commission (NAICOM) has granted Microinsurance licence to Goxi Microinsurance Company. This development has positioned Goxi as a pioneer standalone microinsurer in Nigeria. Haven…

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Sterling Bank lists its bond on the NSE and FMDQ

The N32.90 billion valued Sterling Investment Management SPV Plc Series 2 bond has been successfully listed on both the Nigerian Stock Exchange, NSE, and the…

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