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Afreximbank urges Nigeria, other African countries to take advantage of opportunities in AfCFTA,

The President of African Export-Import Bank (Afreximbank), Prof. Benedict Oramah has urged Nigerians and other African countries to take advantage of the African Continental Free Trade Area (AfCFTA),…

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Has Twitter’s Jack Dorsey changed the popular narrative attached to Nigerians

In recent times, there has been news about the difficulties Nigerians experience whenever they try to get jobs outside Nigeria, especially because internationally, the perception…

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Digital technology and blockchain altering conventional banking models – Emefiele

The Central Bank of Nigeria (CBN) has stated that continuous technological innovations in the world, around artificial intelligence, robotics and blockchain technology have disrupted and…

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Spanish firm to meet Akeredolu over Ondo deep seaport project

The implementation plan of the Ondo deep seaport project is reportedly at its concluding stage as the Spanish firm, Ocean Infrastructure Management, and its Nigerian…

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Airtel to acquire additional spectrum for $70 million

Airtel Africa Plc has disclosed its intentions to acquire an additional 10 MHz spectrum in the 900 MHZ band in Nigeria. The acquisition is expected…

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This NNPC initiative aims to solve the problem of tanker explosions

The management of the Nigerian National Petroleum Corporation (NNPC) said there is a new initiative in place which is aimed at preventing future incidents of…

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Nigeria’s infrastructure gap: Too little too late?

Recently, the Minister of Finance and Budget & National Planning, Mrs Zainab Ahmed disclosed that the sum of N650 billion had been released for capital…

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FG sets up committee to boost revenue in mining sector

In a bid to generate more revenue in the mining sector in the country, the Federal Government has set up a 14-member committee. This was…

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Interest rate on T-bills heads for single digit, as investors seek higher returns

The Treasury Bills Auction of the Central Bank of Nigeria (CBN) held on Wednesday was fully subscribed even though the interest rate on the treasury bills is…

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State governments own most bad roads – Finance Minister says

Minister of Finance, Budget and National Planning, Zainab Ahmed has disclosed that most of the bad roads in Nigeria belong to the states. The Details: According…

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Nigerian pencil industry in dire need of investment, govt support – stakeholder

BAMIB Resources and Investments Company Limited has asked the Federal Government of Nigeria to invest in and support the manufacturing of Made-in-Nigeria pencils. According to…

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Q3 ’19: Jumia grows revenue by 52%

Looking through the Jumia Q3 result, the outlook seems positive overall. I believe it is safe to say Jumia’s global business has continued to show…

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Nigeria Customs Service wants FG to reintroduce this tax

The Comptroller-General of the Nigeria Customs Service (NCS), Col Hameed Ali, has called on the Federal Government to reintroduce import tax on petroleum products. The Comptroller-General…

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Google wants to start banking with you

Google has expressed intentions to start providing financial solutions to its customers. It divulged plans to offer checking accounts by 2020 and is partnering with…

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Jack Ma visits Nigeria, highlights investment prospects

The Co-founder and former Executive Chairman of Alibaba Group, Jack Ma, made a surprise visit to Nigeria today. He was hosted by Nigeria’s Vice President,…

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Ropeways, AfDB reap gains at Africa Investment Summit

President of the African Development Bank, Dr Akinwumi Adesina has said that transactions worth $40.1 billion were secured at the second edition of the Africa…

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PalmPay launches new payment app

PalmPay, an Africa-focused fintech firm, has launched a new mobile wallet application in Nigeria to aid the Central Bank of Nigeria’s cashless policy and reward users with bonuses for making payments on the platform. The initiative,…

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Tizeti, MainOne extend partnership to expand highspeed WiFi services in Africa

Having previously partnered with submarine cable company, MainOne, Tizeti Network Limited has announced that it would be extending the partnership as part of its expansion…

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CONOIL consolidates success despite industry worries

White products maintain topline expansion  CONOIL’s topline expansion surged further in Q3:2019; 9M:2019 revenue printed at NGN112.72 billion (vs. NGN75.84 billion in 9M:2018; +48.64%), driven…

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Earnings quality undermined by missed output, oil shocks

Crude and gas production disappoint For the third time this year, SEPLAT has missed its production and revenue targets. 9M:2019 topline was down by 12.57%…

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