Posted in NAIJA BIZ

This Nigerian Airline has signed a mega purchase deal with Boeing

Green Africa Airways a newly licenced airline in Nigeria, has signed an agreement with Boeing to purchase 100  737 Max 8 aircraft over the next few years. The deal…

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Femi Otedola dumps Forte Oil

Nigerian billionaire businessman, Femi Otedola is set to sell his 75 per cent direct and indirect shareholdings in Forte Oil. This was revealed by the…

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eTranzact international Plc hints at possible capital raise

eTranzact international PLC may have a capital raise on the horizon going by a recent notice sent to the Nigerian Stock Exchange. In the notice, the firm stated that an…

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#DecemberIssaVybe, #FirstBankIssaVybe: FirstBank parties with friends at Wizkid VIP experience

In the spirit of Christmas, First Bank of Nigeria Limited has been giving away free tickets on select arts and entertainment events billed for Lagos….

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Union Bank responds to EFCC allegations

Union Bank Plc has responded to a tweet sent out from the official twitter handle of the Economic and Financial Crimes Commission (EFCC) pertaining to seizure…

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Sanchez ‘bet £20k with Marcos Rojo’ that Manchester United would sack Jose Mourinho

Alexis Sanchez won a £20,000 bet with Manchester United team-mate Marcos Rojo over the sacking of Jose Mourinho, according to reports. The Chilean reportedly sent…

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Frigoglass to invest €25 million in Beta Glass expansion

Frigoglass Plc (the parent company of Beta Glass Plc) has announced its intentions to invest between €25-€30 million to expand its furnace capacity at the Beta Glass Guinea…

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Is the Presidency seriously contesting the unemployment report?

On Wednesday, the NBS reported that the unemployment rate in Nigeria had risen to 23.1% in Q3 2018 compared to 18.8% in Q3 2017. And…

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NAHCO Aviance appoints Fagbemi as its acting GMD

The Board of Directors of Nigerian Aviation Handling Company Plc (NAHCO Aviance), has approved the appointment of Olatokunbo Adenike Fagbemi as Acting Group Managing Director…

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CWG Plc appoints Adewale Adeyipo as its new CEO

Following the resignation of James Agada from CWG Plc’s Board, Adewale Adeyipo has been appointed as the company’s Acting Managing Director/Chief Executive Officer. Adeyipo’s appointment will take…

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Wakanow has gotten a new investor

The Carlyle Group, a global alternative asset manager, recently announced its investment of $40 million in Wakanow.com Limited (Wakanow), an online travel agency focused on West and…

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Heritage Bank backs AFRICANMED to curb forex on medical tourism

Nigeria’s Heritage Bank has partnered AFRICANMED, and the Chinese community in Nigeria to develop the country’s health sector and ultimately reduce the rate of medical…

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FG records shortfall on Budgets, says Akabueze

The Nigerian Government is struggling to execute the 2018 budget due to lack of funds even as its budgeted Independent Revenue has continually under-performed. Performance was…

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InfraCredit gets AFC’s $25 million Equity Investment

Infrastructure Credit Guarantee Company Limited (InfraCredit) has recently closed a $25 million equity investment from Africa Finance Corporation (AFC), the leading infrastructure development finance institution…

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Paga’s Tayo Oviosu joins 84th cohorts of Endeavour Entrepreneurs

Nigeria’s online payment service provider, Paga, has announced the selection of its Founder, Tayo Oviosu and Co-Founder, Jay Alabraba, as Endeavour Entrepreneurs. The selection came after…

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TCN plans to offset loans by having Nigerians pay for it

Electricity consumers in Nigeria may soon be forced to pay more tariff to the Transmission Company of Nigeria (TCN) in order to facilitate the company’s…

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How Nigerian exporters will benefit from NEXIM Bank’s disbursed $1 billion

Nigerian exporters would be among other exporters in West Africa that will benefit from Nigerian Export-Import Bank’s $1 billion trade facilitation pact. The Memorandum of Understanding…

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NCC order telcos to refund illegal deductions to affected customers

The Nigerian Communications Commission (NCC) has uncovered a huge volume of forceful subscription to services and illegal deduction for same by telcos. The regulator also…

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Posted in NAIJA BIZ

The difference ₦1000 can make

Ever thought that only N1000 can help you start the journey to long-term wealth and rewrite your story? Do you wish your money could work…

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Judge’s reasons for convicting ENI and Shell middlemen could help Nigeria’s case

A judge in Italy have highlighted the reasons behind her decision to convict Mr Emeka Obi and Gianluca Di Nardo, both of whom were middlemen to Royal…

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