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Pepsi acquires Pioneer Foods Group Ltd

Pepsi has acquired Pioneer Foods Group Limited, the company that owns Nigerian bread brand, Butterfield. The deal is the first major international purchase under Pepsi’s new Chief…

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Dangote assures investors of big returns, rewards customers with N200 million

The Managing Director and Chief Executive of Dangote Cement, Joe Makoju, has assured investors and shareholders of the company to expect big returns on their investments….

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FirstBank Partners Eventful to Support SMEs in the Fashion Industry

As part of efforts to provide access to market and provide opportunities for entrepreneurs in the Small-Medium Scale Enterprise (SMEs) of the fashion industry, First Bank…

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Japan’s Ohara Pharmaceutical takes over 20% stake in Fidson Healthcare

Pharmaceutical firm, Fidson Healthcare Plc, has entered into a strategic partnership with Japan’s Ohara Pharmaceutical that will see the latter’s stake in the Nigerian company increase. The deal…

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Nigeria’s foreign reserves fall to 6-weeks low, lose $81.10 million

Nigeria’s foreign reserves depleted to 6 weeks low in July. This is reflected in the latest data released by the Central Bank of Nigeria (CBN) on its website….

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NSE ends week positively as Abbey Morgage Bank makes gainers’ list

The Nigerian Stock Exchange ended Friday’s trading session in positive territory. The All Share Index closed at 27,919.50 basis points, down 0.20%. Year to date, the…

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Relief as NERC simplifies electricity meter acquisition for consumers

Electricity consumers across Nigeria may now heave a collective sigh of relief as the National Electricity Regulatory Commission (NERC) has figured a perfect way to help everyone…

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African women set to benefit from $250 million European Union Empowerment Initiative

The European Union (EU) has set aside $250 million for the empowerment of African women. This was revealed by Laolu Olawumi, EU’s Programme Manager to Nigeria, at the UN…

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11 States to benefit, as Nigeria partners U.S to boost growth in Agric Sector

The Nigerian government has entered into a partnership with the United States to boost investment and growth in Nigeria’s agriculture sector. The signing of the partnership deal was concluded…

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DMO to auction fresh N145 billion bonds for subscription

Come Wednesday, July 24, 2019, the Debt Management Office (DMO), will on behalf of the Federal Government auction fresh bonds valued at N145 billion for…

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Despite servicing debt with N7trn, Nigeria may accept fresh loans from India

Despite spending a total of N7.04 trillion to service both domestic and external debts under President Muhammadu Buhari’s administration alone, Nigeria may accept fresh loans…

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Dangote makes about N2.47bn from cement sales every day

Nigerian business magnate, Aliko Dangote, makes about N2.47 billion from cement sales every day. This is according to the Group Managing Director of Dangote Cement…

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Flying Doctors’ Founder, Ola Brown, discusses Challenges facing Nigeria’s Healthcare Industry

Nigerian entrepreneur and founder of Flying Doctors Nigeria, Dr. Ola Brown, had a Tweet Chat with Nairametrics on Wednesday during which time she discussed the challenges facing the healthcare…

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Zenith Bank Unveils “Style By Zenith 2.0”

Following the success of the maiden edition, foremost multinational financial services provider, Zenith Bank Plc has announced the launch of “Style by Zenith 2.0”, the second…

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NECA issues warning, says AfCFTA may cost Nigerian firms to fold up

Barely two weeks after President Muhammadu Buhari signed the African Continental Free Trade Agreement (AfCFTA), the Nigeria Employers’ Consultative Association (NECA) has stated that the nation has taken a…

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Commentary on tariff hikes and Nigeria Customs’ rising revenue

Amidst gross inefficiencies and the dilapidated state of port infrastructure in Nigeria, the Nigeria Customs Service (NCS) has managed to sustain an increase in duties collection…

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May and Baker Nigeria Plc appoints Senator Danjuma as a Director

Senator Daisy Ehanire Danjuma has joined a pharmaceutical firm, May and Baker Nigeria Plc as a Non-Executive Director. The company resolved to appoint Danjuma at its…

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Debt servicing gulps N7.04 trillion under President Buhari’s administration

Nigeria’s rising debt profile is fast becoming a worrisome trend. Successive governments have, over the years, spent a large chunk of the country’s revenue to service…

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FG records N6 trillion loss across sectors due to Lagos gridlock

The Federal Government of Nigeria has lost not less than N6 trillion across all sectors of the economy as a result of the gridlock in the Apapa…

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Better ways of making and growing money: A business expert’s view

A Nigerian business expert and entrepreneur, Tayo Oyedeji, has explained the two key models of making and growing money, via his Twitter page. According to…

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