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Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025
UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

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NIMC cuts extortion, corruption by 40% – DG

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Airtel Africa begins $100m share buy-back

Airtel Africa begins second round of $100m share buy-back

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Seven accredited tech learning platforms for aspiring professionals

Experts say Silicon Valley prioritizes profits over AI research,

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Oil companies owe Nigeria $6bn in unpaid taxes —

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Naira declines to N1,520/$ in parallel market

The Naira on Wednesday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. According to FMDQ data, the indicative exchange rate for NAFEM declined to N1,512.61 per dollar from N1,509.45 per dollar on Tuesday, representing a naira devaluation of N3.16. The volume of dollars traded (turnover) in the market […]

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CBN’s bank recapitalization may not boost GDP — Analysts

The Central Bank of Nigeria’s continuous process of increasing the capital base of Deposit Money Banks may not result in a higher Gross Domestic Product, according to Proshare analysts. The economists explained their findings, which contradict comments made by current administration officials, by stating that the premise that huge banks are associated with larger economies […]

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NPA can repay $700m port rehabilitation loan – MD

The Nigerian Ports Authority has stated that it can readily repay the $700 million loan facility negotiated for the refurbishment of Lagos’ Apapa and Tincan Island Ports. This was disclosed by the Managing Director of NPA, Mohammed Bello-Koko while briefing pressmen about the activities of the NPA on Tuesday in Lagos, according to The Punch. […]

Meta's Threads hits 175m monthly users amid challenges
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Meta’s Threads hits 175m monthly users amid challenges

CEO of Meta Platforms, Mark Zuckerberg, announced on Wednesday that Threads, the company’s social media offering, has surpassed 175 million monthly active users ahead of its first anniversary. Threads, introduced as a competitor to X (formerly Twitter), debuted on app stores on July 5 last year amidst the chaotic takeover of X by Elon Musk, […]

Astro: Amazon halts $2,349 security robot for business, targets households
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Astro: Amazon halts $2,349 security robot for business, targets households

Amazon has announced that it will discontinue its Astro for Business security robot aimed at small- and medium-sized businesses, as the company redirects its efforts towards household robots. Initially launched in 2021 as a canine-like robot for household tasks, Astro garnered attention for its capabilities in home monitoring, setting routines, reminders, and entertainment functionalities like […]

Bezos leads $72m investment in AI data firm Toloka
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Jeff Bezos plans $5bn Amazon share sale

Jeff Bezos, founder and executive chair of Amazon, intends to sell nearly $5 billion worth of shares in the e-commerce giant, according to a regulatory filing released after market hours on Tuesday. The proposed sale of 25 million shares comes as Amazon’s stock reached an all-time high of $200.43 per share during the trading session. […]

News Oil and Gas

Oando seals assets acquisition deal with Agip

The Federal Government announced the completion of oil asset transactions including the Nigerian Agip Oil Company, NAOC, and Oando, as well as Equinor-Project Odinmim divestments. This was disclosed by the Chief Executive Officer, Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe at the ongoing NOG Energy Week in Abuja on Wednesday, according to Vanguard. He […]

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 Industrial Medical Gases Nigeria Plc announce Aminu Ado as chairman

The Board of Directors of Industrial & Medical Gases Nigeria Plc has announced Mr. Aminu Ado’s appointment as substantive Chairman of the firm. This was disclosed by the company’s notice to the Nigerian Exchange Limited and the investing public. The statement reads “We write to formally notify the investing public and Nigerian Exchange Limited that […]

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