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Business & Economy
Dangote Sugar Refinery Begins Year With Strong performance
Dangote Sugar Refinery Plc began its fiscal year 2023 with a strong performance in the first quarter (Q1), demonstrating improvement and maintaining its industry leadership position.…
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How Buhari spent N8 trillion on fictitious petrol subsidies
President Muhammadu Buhari led the opposition party, the All Progressive Congress (APC), in vehement opposition to the removal of petrol subsidies before he won the 2015 presidential…
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United Nigeria Airlines Aims for Regional Int’l Flight
United Nigeria Airlines stated that it will begin regional and international flight operations as soon as it is listed on the IATA Operational Safety Audit (IOSA) registry.
This was…
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Senate unable to halt demolition at Lagos Airport —Minister
Senator Hadi Sirika, the minister of aviation, stated yesterday that the Senate is powerless to halt the ongoing demolition of offices belonging to organisations engaged in…
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Tax, Import Duty Provisions in Fiscal Policy Measures in 2023 Will Harm Economy
According to the Centre for the Promotion of Private Enterprise (CPPE), some tax and import duty provisions in the federal government's 2023 Fiscal Policy measures would significantly…
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CBN places 7,552 BVN on watchlist as eNaira transactions hit 1.4m
The Central Bank of Nigeria (CBN) has placed 7,552 Bank Verification Numbers (BVN) on its watchlist for fraudulent transactions, despite the fact that the Central Bank Digital Currency…
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NSIA establishes two companies to advance healthcare
Two of the flagship businesses of the Nigeria Sovereign Investment Authority, which manages the country's sovereign wealth fund, have been established. They are Equilease…
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Zenith Bank delights shareholders by paying milestone dividend of N100.47bn
Zenith Bank Plc shareholders unanimously approved the proposed final dividend payment of NGN2.90 per share. The total dividend for the fiscal year 2022 is NGN3.20 per share, with a…
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Nigerians react as MultiChoice raises cost of DSTV, GOTV subscriptions
In Nigeria, MultiChoice, a satellite television provider, has announced an increase in the cost of DSTV and GOTV subscriptions.
The reaction to this announcement has been hostile…
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CBN defends its forex importation ban on stockfish
The Central Bank of Nigeria has stated that the importation ban on stockfish was put in place to protect foreign exchange (forex), revive the domestic fishing industry, and increase job…
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