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UK expands work visa sponsors for Nigerians

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  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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  • 7th May 2025

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Guinness share price jumps 8% amid proposed Toklaram takeover

Guinness Nigeria’s share price closed at N54.80 on Monday, up approximately 8.41% from its opening value of N50.55. This follows the earlier report of the acquisition of over 50 per cent shares of Guinness Nigeria, by Tolaram, according to Nairametrics. Ambusiness had earlier disclosed that Tolaram would buy Diageo’s 58.02% share of Guinness Nigeria and […]

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Nigerians paid N1.43tn in value added tax in Q1 2024 – NBS

Nigerians paid N1.43 trillion in value-added tax in the first three months of 2024, up from N1.20 trillion in Q4 of 2023. This was disclosed in the National Bureau of Statistics’ most recent report on VAT collection. Nigeria levies a VAT rate of 7.5% on several products and services. This shows an increase of 19.21% […]

Crypto

Blum cryptocurrency airdrop hits 20 million users

Blum, the newest cryptocurrency airdrop initiative that is popular in Nigeria, has revealed that it had more than 20 million members, up from more than 10 million just 11 days prior. This was disclosed by Blum via its official X handle, thanking its users for the achievement while encouraging them to keep engaging in the […]

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Banks, others probed for data breach

The Nigeria Data Protection Commission has said that investigations are presently being conducted into over a thousand financial institutions, educational institutions, insurance providers, and consulting firms for varying degrees of citizen data breaches. This was disclosed by the National Commissioner of the commission Vincent Olatunji, in his address to press men to mark the first […]

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Companies’ tax payments to FG decline 12% in Q1

Tax payments from Nigerians and international companies fell by 12% in the first quarter of this year, according to the most recent Company Income Tax report. In the latest CIT report released by the National Bureau of Statistics on Tuesday, its revenue to the Federal Government decreased to N984.61 billion in Q1 from N1.13 trillion […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote Refinery shifts petrol production to mid July

Dangote Refinery has advanced the production date of premium motor spirit, also known as petrol, from June to the middle of July. The President and CEO of the refinery, Aliko Dangote, the refinery’s President and CEO, announced the new production date to reporters at the $20 billion facility in Lagos on Monday, according to Nairametrics. […]

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Diageo to sell majority stake in Guinness Nigeria

The foreign majority shareholder in Guinness Nigeria Plc, Diageo, has agreed to sell its 58.02% controlling stake to Tolaram, a multinational company based in Singapore. The agreement was signed on Tuesday. Under the terms of the deal, Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria and enter into long-term license and royalty agreements to […]

SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses
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SMEDAN, Sterling Bank launch N5bn loan scheme for small businesses

The Small and Medium Enterprises Development Agency of Nigeria and Sterling Bank Ltd. have launched Databanc, a N5 billion program to help small enterprises bridge financial gaps. This was disclosed on Monday by SMEDAN’s at the event themed “Building with Data: Promoting Economic Growth through Data-Driven Insights,” according to Nairametrics. The program, which aims to […]

Ex-Robots engineers enhance humanoid robot with facial expressions
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Ex-Robots engineers enhance humanoid robot with facial expressions

Engineers in the Ex-Robots factory located in the northeastern coastal city of Dalian are pushing the boundaries of humanoid robotics with a focus on developing sophisticated facial expressions and emotional responses. Inside the factory, neck-length silicone masks are sprawled across tables alongside silicone arms and feet, while disembodied heads sit on display. Nearby, humanoid robots […]

Elon Musk threatens to ban iPhones over Apple's OpenAI integration
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Elon Musk threatens to ban iPhones over Apple’s OpenAI integration

Elon Musk issued a stern warning about banning iPhones from all his companies following Apple’s announcement of its integration with OpenAI’s ChatGPT, which was revealed at the Worldwide Developers Conference 2024 on Monday. In a series of posts on X (formerly Twitter), the CEO of Tesla, SpaceX, and xAI stated that if Apple integrates OpenAI […]

CBN fines banks ₦150m for selling mint Naira notes
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FG spent $2.2bn to service debt in five months – CBN

The Central Bank of Nigeria has revealed that Nigeria’s debt servicing cost approximately N2.2 billion in the first five months of this year. This was disclosed in the latest CBN data, according to The Punch. This is about half of the $4.8 billion expected for the full year by Fitch Ratings, who had predicted that […]

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Banks’ loan from CBN declines 10.6% to N10.9trn

Bank borrowing from the Central Bank of Nigeria decreased by 10.6 per cent month on month in May to N10.9 trillion. The CBN lends money to banks through the SLF at an interest rate of 100 basis points (bpts) higher than the Monetary Policy Rate (MPR), it also lends money to banks through the Repurchase […]

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