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Senator Natasha urges reciprocal visa measures for South African

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Appointments

Buhari urges Senate to reappoint Abubakar as CBN director

The President, Major General Muhamadu Buhari (retd.), has asked the Senate to confirm the re-appointment of Abdu Abubakar as a Non-Executive Director of the Central Bank of Nigeria.   Nairametrics reported that the president’s request was contained in a letter read by the Senate President, Ahmad Lawan, during plenary on Tuesday.   The request for […]

Business

Unemployment will rise to 40.6% in 2023 – KPMG

KPMG has reported that Nigeria’s unemployment rate will continue to rise and hit 40.6% in 2023. This was revealed in the multinational’s latest report titled, “Global Economic Outlook” for the first quarter of the year 2023 accessed by AMBusiness. According to the report, unemployment is projected to persist as a significant challenge in 2023 due […]

A photo of President Buhari and the redesigned note
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Nigeria’s GDP to grow by slow rate of 3% – KPMG

KPMG has estimated that Nigeria’s Gross Domestic Product will have a slow growth rate of 3% in 2023 due to challenges related to the redesign of the naira and the ongoing political transition. This was in its report titled, ‘2023 Global Economic Outlook H1″ accessed by AMBusiness. According to the report the global economic slowdown […]

Tesla awaits approval to launch smart driving feature in China
News

Tesla’s China-made EVs hit 35% increase with 88,869 sales

Tesla’s China-made electric vehicles continue to gain momentum in the country, as the company sold 88,869 units in March, according to data from the China Passenger Car Association. The figure represents a 35% increase from last year’s sales and a 19.4% increase from February. The majority of Tesla’s China-made sales in March were Model 3 […]

Naira to fall N500 against dollar - NESG
Business featured

Naira hits lowest amid external reserve decline 

The Nigerian Naira hit its lowest value of the year on the first trading day of April, as the demand for dollars rose while the external reserves declined. Naira depreciated by 0.46 percent on Monday, with the dollar quoted at N463.50 at the Investors and Exporters forex window, which is Nigeria’s official foreign exchange market, […]

NNPC, First E&P provide free healthcare in host communities
Scams

NNPCL debunks alleged payment of N20bn to ghost consultants

Wilson Adekumola   The NNPC Ltd has debunked a report going viral on social media and other platforms that it paid N20 billion to ghost consultants.   The report published by an online platform alleged that NNPC paid the sum of N20bn to ghost consultants and theft of multi-billion naira tax due to the Ogun […]

Nigerian Breweries report N106bn loss
Appointments

International Breweries names Cherian Kurien non-executive director 

The election of Mr. Cherian Kurien as a non-executive director to the board has been made public by International Breweries Plc. According to Nairametrics, the company informed the Nigerian Exchange Limited and its shareholders of this in its notice. The firm noted that Ms. Tolulope Adedeji had resigned from the board of International Breweries Nigeria PLC […]

JUST IN: Emefiele orders banks to dispense old naira notes - Soludo
featured Policy and Regulations

Naira crisis: Emefiele’s crime more than electoral fraud, says Soyinka

Nobel laureate, Prof Wole Soyinka, has knocked the Central Bank Governor, Godwin Emefiele, over the hardship that the new naira redesign policy and recent naira notes crisis plunged the entire country into.   Soyinka said this during an interview on Channels TV on Monday, stating that Emefiele’s crime was against humanity and even more than […]

Containers are seen at a terminal in the port of Hamburg, Germany
Uncategorized

US, China demand raises German exports 

German exports experienced a much larger increase than anticipated in February, largely driven by the high demand from China and the United States. This marked the most significant increase in exports in ten months. This was revealed by data released on Tuesday and accessed by Reuters. According to the federal statistics office, exports rose by […]

Satellite launched
Business

Kenya to launch first observation satellite by April 10

The Kenyan government announced on Monday that the country will launch its first operational satellite next week Monday. According to a report by AFP, the satellite, named Taifa-1 or Nation-1 in Swahili, will be launched on April 10 using the SpaceX Falcon 9 rocket from the Vandenberg Space Force Base in California. The defence ministry […]

The Endeavor Group Holdings Inc. (EDR) logo hangs from the New York Stock Exchange on the morning of its public listing at the NYSE in New York City, U.S., April 29, 2021. REUTERS/Shannon Stapleton/File Photo SHANNON STAPLETON
Business

UFC owner to acquire World Wrestling Entertainment 

The owner of Ultimate Fighting Championship, Endeavor Group Holdings, said on Monday that it would acquire World Wrestling Entertainment. According to Reuters, the deal is worth $9.3 billion. The deal offered by Endeavor would value each share of WWE at around $106, which is 16% higher than the stock’s closing price on Friday. Following the […]

Leadway Insurance Company
Business

Leadway becomes first insurance firm to hit over N104.4bn  

Bisola David Leadway is the first insurance business in Nigeria to receive N104.4 billion in total premiums. According to ThisDay, this was achieved with N92.5 billion in Gross Written Premium, N10.8 billion in Savings and Investment, and another N1.1 billion through its Ivorien Insurance subsidiary. Leadway continues to be the industry leader in claims payment […]

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