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FCCPC grants full approval to 48 previously conditional

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Keep babies under two away from screens, experts warn

Business

ALTON support NCC drive for made-in-Nigeria smartphones

Business

FCCPC grants full approval to 48 previously conditional loan

Business

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Travel

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Loan apps: FCCPC to address rising debt with new policy
News

FCCPC to crack down on trade groups over fixed prices

The Federal Competition and Consumer Protection Commission announced on Tuesday that it would soon start enforcing legislation across the country to stop trade associations from participating in price-fixing and cartel-like behaviour. The Commission claimed that this action would begin with the group of PoS agents, who recently announced an increase in transaction fees. This was revealed by the executive […]

CBN's exchange rate unification effort already yielding dividends - CIBN
Business

CIBN launches Bankers Hall at Olabisi Onabanjo University

The Bankers Hall at Olabisi Onabanjo University in Ago-Iwoye has been officially opened by the Chartered Institute of Bankers of Nigeria as part of its attempts to improve the country’s banking and finance education by infusing professionalism into the course’s teaching and learning processes. Vanguard reported that the beautiful, cutting-edge building is a legacy gift […]

Petrol imports from Russia records 84% increase - Report
Economy

FX trade, crude oil price account for 80% of petrol price — IPMAN

The Independent Petroleum Marketers Association of Nigeria have explained that the international price of crude oil and the exchange rate constitute the largest components of the cost build-up for PMS, accounting for over 80 per cent.   The PUNCH reported that the Secretary, IPMAN, Abuja-Suleja, Mohammed Shuaibu, said, “The rise in crude oil price and […]

Netflix restructures microsoft pact, lowers ad prices
News

Netflix restructures microsoft pact, lowers ad prices

Netflix is making strategic moves in its advertising partnership with Microsoft for its lower-priced ad-supported subscription plan, as reported by the Wall Street Journal on Thursday. The streaming giant launched the $7-per-month plan with commercials last year in 12 markets, including the US, to attract more customers. Microsoft was chosen as its technology and sales […]

Petrol imports from Russia records 84% increase - Report
Oil and Gas

Petrol imports from Russia records 84% increase – Report

Data on Nigeria’s fuel obtained from Argus West Africa Oil shows that the country’s imports from Russia surged by 84% in a year to 3.8 million liters (24,000 barrels) in 2023 from 558,300 liters (3,700 barrels) in 2022. According to The Punch, after the European Union, the United Kingdom, and the United States imposed oil […]

Mutual funds investment hits N1.87trn in Q1 2023
Business

Mutual funds investment hits N1.87trn in Q1 2023

The total value of mutual fund investments increased by 33.1% year on year, YoY, to N1.87 trillion in the half year ending June 2023, H1’23, from N1.41 trillion at the same time in 2022, H1’22. Vanguard reported that the high-interest rate on fixed-income securities, the stock market’s upswing, and growing public knowledge of the advantages […]

Mark Zuckerberg beats Elon Musk in billionaire rankings
News Tech

Facebook hits 3bn monthly active users

Facebook has more than 3 billion active monthly users, according to the most recent quarterly data from Meta. There were 3.88 billion monthly active users across the entire family of Meta apps, which also includes WhatsApp, Instagram, Messenger, and the recently released Threads. That is over half of all people on the planet. In comparison […]

featured

Marketers predict fuel hike as crude hits $84/barrel

Brent, the international benchmark for crude oil, hit a high of $84 a barrel on Wednesday, fueling concern that Nigeria’s pump price of Premium Motor Spirit, also known as petrol, will rise again in the coming weeks. According to The Punch, crude oil prices, which are a key factor in determining the cost of refined […]

featured

Crude oil hits $84 per barrel – Report

Brent, the international benchmark for crude oil, hit a high of $84 a barrel on Wednesday, fueling concern that Nigeria’s pump price of Premium Motor Spirit, also known as petrol, will rise again in the coming weeks. According to The Punch, crude oil prices, which are a key factor in determining the cost of refined […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank increases staff salaries to cushion rising cost

Wema Bank has increased the salaries of staff in order to compensate them for the removal of fuel subsidies. The bank claimed that because employee welfare was a top priority, this was necessary. The bank also stated that in light of the current economic conditions, which have seen recent increases in the cost of fuel, electricity, and other commodities, firms […]

PHOTOS: Lagos holds first circular economy hotspot
Business

PHOTOS: Lagos holds first circular economy hotspot

Kazeem Owoseni Lagos State Governor, Babajide Sanwo-Olu, has stated that his administration is committed to ensuring that the principles of the Circular Economy are fully adopted. Mr. Sanwo-Olu stated this on Wednesday, July 26, 2023, during the opening of the first Circular Economy Hotspot on the Continent of Africa, titled “Towards a Circular and Resourceful […]

BUA records 26.52 profit rise in Q2 2023
Business

BUA Cement chairman buys additional BUA cement shares worth N3.8bn

The chairman of BUA Cement Plc, Alhaji Abdul Samad Rabiu CFR, has bought an extra 45 million shares worth N3.8 billion in the business. This was stated in an insider’s notification of share dealing to the Nigerian Exchange Limited. The 45 million shares purchased represent 0.13% of the company’s total outstanding shares. Abdul Samad Rabiu’s […]

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