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Microsoft Africa Development Centre appoints new Managing Director

American technology giant, Microsoft Corporation has appointed Gafar Lawal as the Managing Director of its Africa Development Centre (ADC) in Nigeria. Nairametrics had previously reported that Microsoft launched the centre in May 2019 with two…

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Financial market data gulps $28.5 billion from stakeholders – NSE

The total global spending by stakeholders on financial market data, analysis and news, has gulped not less than $28.5 billion so far. The Chief Executive…

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$9bn fine is a scam – Federal Government

The Federal Government has described the P&ID contract as a scam designed to inflict economic and financial loss on Nigeria.  This was stated by the Attorney General of the Federation, Abubakar Malami during a press briefing on…

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MAN highlights advantages of consuming locally produced goods

The Manufacturing Association of Nigeria (MAN) has highlighted the advantages and reasons why Nigerians need to consume goods produced locally.   The President of MAN, Mansur Ahmed made this known during the opening ceremony…

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UPDATE: BudgIT’s Onigbinde has resigned as Technical Adviser to Ministry of Budget

Following the public outrage that heralded last week’s appointment of Oluseun Onigbinde as a Technical Adviser to the Ministry of Budget and National Planning, the data…

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N4.5 trillion non-performing loans: AMCON raises concerns over banks’ debt

The issue of non-performing loanshas been a source of worry for the Asset Management Corporation of Nigeria (AMCON) as the corporation has expressed concerns over the inability of deposit money banks to…

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Nigeria’s real estate industry attracts foreign investors

The Nigerian real estate industry is about to experience massive investments from the overseas, as foreign investors have expressed their interest to pump money into the rapidly…

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$9bn Fine: FG has commenced extensive investigations locally and internationally

The Federal Government has vowed to investigate and possibly prosecute all the parties involved in the controversial P&ID contract, which made the country to be fined…

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Med-View, Union Bank, Lafarge, 48 others risk NSE’s sanction

The Nigerian Stock Exchange (NSE) may sanction Med-View Airline, Union Bank of Nigeria, Lafarge Africa and 48 others for their failure to comply with corporate…

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Nigerian Banks stocks are bleeding but these two banks are soaring

The Nigerian Stock Exchange All Share Index is currently down 11.66% year to date and is one of the worst stock exchanges in the world….

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Household Survey: Traders exploit border closure to raise food prices

Amidst the ongoing border closureby the Federal Government of Nigeria, the latest household survey carried out by the Nairametrics Research team has shown that while prices of food items…

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Netflix inks another Nollywood deal

In recent years, the Nigerian movie industry, Nollywood has been placing emphasis on the quality of movies produced. Those efforts have not gone unnoticed as popular American online streaming platform, Netflix has acquired a…

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VAT Increment: Afrinvest exposes sharing formula of N479.7b expected revenue

Analysts at Afrinvest West Africa, have exposed the Federal Government’s intended sharing formula of the expected N479.7 billion revenue from the proposed 7.5% Value Added Tax (VAT)….

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N614 billion Bail-Out Fund: Governors lobby FG ahead 2-week ultimatum

As the two–week ultimatum given to States over the bail-out fund deductions draw near, Governors are reportedly prepared to lobby the federal government (FG) over the…

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Saudi blast: Good news for Nigeria?

Following the recent attack on two oil facilities in Saudi Arabia, there are indications that oil prices could go as high as $100, as witnessed…

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Med-View boss calls for aviation reforms

Managing Director, Med-View Airline, Alhaji Muneer Bankole, has advised the new Aviation Minister, Hadi Sirika to implement certain reforms needed in the Nigerian aviation industry. He said…

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Bob Iger resigns as competition stiffens between Apple and Disney

The Chief Executive Officer (CEO) of Walt Disney Co, Bob Iger has resigned from Apple Inc’s Board. The resignation came at a time when the two companies are competing in the online TV streaming…

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FG to construct, fix 14 roads with N166 billion

Following the memorandum sent by the Ministry of Works and Housing to the Federal Executive Council, the Federal Government (FG) has approved the sum of N166 billion for the construction and rehabilitation…

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Afromedia announces appointment of new directors

Afromedia Plc has announced the appointment of Kabir Usman and LateefBakare as its new Non-Executive Directors. In a notification published on the website of the Nigerian Stock Exchange, the outdoor media…

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Huawei competes with Apple, announces release date for new smartwatch

Barely days after Tech Company, Apple released its new line of products, ranging from the iPhone 11 series to the Apple Watch Series 5, Huawei has announced the release date of…

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