According to recent reports on Nigeria’s oil production, the Federal Government has witnessed a significant increase in crude oil earnings, amounting to approximately N449.93bn over…
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Category: Business
Cement Prices Remain High Despite FG Meeting with Manufacturers
Following a crucial meeting with the federal government led by the Minister of Works, David Umahi, and the Minister of Industry, Trade, and Investment, Uzoka-Anite,…
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Rising Cost of Pure Water in Nigeria Sparks Concerns as Association Mulls Price Increase to N100 Per Sachet
The escalating price of sachet water, colloquially known as “pure water,” has prompted many Nigerians to seek more affordable alternatives such as borehole or well…
View More Rising Cost of Pure Water in Nigeria Sparks Concerns as Association Mulls Price Increase to N100 Per Sachet
Blocked Phone Lines Surge to 40 Million as SIM-NIN Linkage Deadline Passes
Over the weekend, telecommunication operators in Nigeria blocked no less than 40 million telephone lines as the deadline set by the Nigerian Communications Commission (NCC)…
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20 Migrants Perish in Shipwreck off Senegal Coast
Rescuers recovered at least 20 bodies from the sea off northern Senegal on Wednesday following a tragic incident where a boat carrying migrants bound for…
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Soludo Alleges Anambra Vigilantes Engage in Unholy Alliances with Criminals
Anambra State Governor, Prof. Chukwuma Charles Soludo, has leveled accusations against numerous vigilante members in the state, claiming they are complicit in collaborations with criminals,…
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Court Orders Telecoms to Halt Disabling Subscribers’ Lines Over NIN
In a significant development, trial judge Justice Ambrose Lewis-Allagoa granted an application for restraining orders filed by rights activist Olukoya Ogungbeje, temporarily halting telecom operators…
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Naira Devaluation Causes $3 Billion Loss in Dangote’s Wealth
Aliko Dangote, Africa’s wealthiest individual, has experienced a significant decline in his fortune, losing approximately $3 billion in the past week due to the devaluation…
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Current Black Market Dollar to Naira Exchange Rate
As of Saturday, February 24th, 2024, the black market (Aboki) exchange rate for the dollar to naira stands at N1750 for buying and N1765 for…
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Anambra Entrepreneur Michael Nzewi’s Company Sells i-Fitness Share for $12 Million
Cardinal Stone, an independent multi-asset investment management firm based in Lagos and led by Anambra-born mogul Michael Nzewi, has finalized the sale of its majority…
View More Anambra Entrepreneur Michael Nzewi’s Company Sells i-Fitness Share for $12 Million