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NIGERIA SUFFERS,THE WORLD HAILS

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For the umpteenth time this year alone, the World Bank has come forward to hail President Bola Tinubu administration’s for adopting the economic model...
Business

IMF LOWERS NIGERIA’S 2024 GROWTH FORECAST TO 2.9%

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The International Monetary Fund (IMF) has revised its 2024 growth forecast for Nigeria's economy to 2.9%, a decrease from the previously projected 3.1%. This...
Business

ZENITH GENERAL INSURANCE SUPPORTS GIRL CHILD EDUCATION WITH LIBRARY DONATION

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In a demonstration of its commitment to empowering communities, Zenith General Insurance has made a cash donation to the Lagoon School Library project in...
Business

KEYSTONE BANK REAFFIRMS FINANCIAL STRENGTH AMID FAKE NEWS

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Keystone Bank Limited has reaffirmed the Central Bank of Nigeria (CBN)'s assurance that it remains safe, healthy, strong, and resilient, with no plans for...
Business

UBA PLC ANNOUNCES 20% GROWTH IN PROFIT BEFORE TAX FOR 9M’24

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United Bank for Africa (UBA) Plc has announced impressive financial results for the nine months ending September 2024, showcasing a 20% growth in profit...
Business

FG SEES SIGNIFICANT REVENUE BOOST FROM VAT AND CIT IN H1 2024

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The Federal Government (FG) is experiencing a substantial increase in its finances, with revenue from Value Added Tax (VAT) and Company Income Tax (CIT)...
Business

NAIRA SHOWS MIXED PERFORMANCE IN FOREIGN EXCHANGE MARKETS

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The Naira experienced contrasting movements in the foreign exchange markets yesterday. In the parallel market, the Naira appreciated to N1,715 per dollar, up from...
Business

UBA POSTS N525.31 BILLION PROFIT AFTER TAX IN Q3

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United Bank for Africa (UBA) Plc reported a profit after tax of N525.31 billion for the third quarter ended September 30, marking a 16.9%...
Business

INNOVATION DRIVING AFRICA’S GROWTH: TOP 5 COUNTRIES LEADING THE WAY

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Countries in Africa are rapidly embracing innovation, which is fueling economic growth and development across the continent. With a wealth of creativity, several nations...
Business

ATCON OPPOSES REINTRODUCTION OF 5% EXCISE DUTY ON TELECOMMUNICATIONS

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The Association of Telecommunications Companies of Nigeria (ATCON) has strongly opposed the proposed reintroduction of a 5% excise duty on the telecommunications sector, warning...
Business

NIGERIAN STOCK MARKET SEES BULLISH TREND FOLLOWING ARADEL HOLDINGS PLC LISTING

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The Nigerian stock market maintained a bullish sentiment last week, buoyed by the listing of Aradel Holdings Plc, which significantly contributed to an increase...
Business

The Case for Sustainable Reforms in Nigeria

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Success, whether for individuals, corporations, or countries, hinges on long-term planning, contingency provisions, and an unwavering focus on goals. This philosophy emphasizes delaying immediate...
Business

National Assembly Revives Push for 5% Excise Duty on Telecom Sector

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The National Assembly has revived the proposal for a 5% excise duty on telecommunications services, gaming, betting, and lottery activities in Nigeria, despite a...
Business

AFRICAN DEVELOPMENT BANK PRESIDENT DR. AKINWUMI ADESINA EMPHASIZES NIGERIA’S POTENTIAL FOR YOUTH

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The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has asserted that the future of Nigerian youth does not lie in advanced...
Business

WORLD BANK URGES NIGERIA TO CUT GOVERNMENT WASTE AND FOCUS ON TARGETED POVERTY PROGRAMMES

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The World Bank stated on Thursday that Nigeria must reduce government waste, channel spending towards targeted poverty alleviation programs, and adhere to realistic budgets...
Business

FXCG: EMPOWERING NIGERIAN TRADERS WITH LOW-COST, HIGH-QUALITY FOREX TRADING EXPERIENCE

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As Nigeria continues to emerge as a hub for financial innovation, more Nigerians are exploring the global forex markets. Forex trading, which allows individuals...
Business

CBN GOVERNOR EMPHASIZES FINANCIAL INCLUSION FOR WOMEN AT NIGERIA ECONOMIC SUMMIT

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The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has highlighted the government's commitment to enhancing financial inclusion for women, describing...
Business

NIGERIAN NAIRA RANKED AMONG WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA

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The Nigerian naira has been identified as one of the worst-performing currencies in Sub-Saharan Africa for 2024, according to the World Bank’s latest Africa’s...
Business

BISOLA AIYEOLA JOINS CELEBRATION AS ONGA REWARDS CONSUMERS IN THE TASTE THE MILLIONS PROMO

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Sensational and multitalented Nollywood actress, Bisola Aiyeola, participated in the "Onga Taste the Millions" promo celebration, where winners of ₦1 million were presented with...
Business

PETROL MARKETERS TURN TO IMPORTATION AMID SHORTFALL FROM DANGOTE REFINERY

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Petrol marketers in Nigeria are resorting to importing fuel to supplement the supply from the $20 billion Dangote Refinery. This decision follows concerns that...
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