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Dangote to slash sugar import by 40%
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Dangote cement exports soars by 87.2% in Q1 2024

The Dangote Cement Company’s management has announced that, in the first quarter of 2024, seven ships were dispatched from Nigeria to Ghana and Cameroon carrying a total of 264kt of clinker; this represented an increase of 87.2 %. This was disclosed by the Chief Executive Officer of Dangote Cement, Arvind Pathak, adding that the company […]

FG spends 74% of revenue on debt in Q1 2024
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Naira surges to 1,275/$ at parallel market

The naira strengthened against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded at the close of trading activity on Friday, according to FMDQ data. This follows as the Senate Committee on Finance urged for […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
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Tinubu secures $600m port infrastructure deal with MAERSK

President Bola Tinubu has landed a $600 million investment deal with Danish shipping and logistics company, A.P Moller-Maersk, to expand existing port infrastructure to make room for more container shipping services in Nigerian ports. This is contained in a statement by the Special Adviser to the President, Ajuri Ngelale On Sunday via his official X […]

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NCC urges telecom operators to collaborate on infrastructure sharing

The Nigerian Communications Commission has called on operators in the telecom sector to consider infrastructure sharing to reduce costs and boost service delivery. This was disclosed by the Executive Vice-Chairman of the Commission, Aminu Maida who was represented by the Head of Next Generation Technology and Standards at NCC, Victor Adoga during the 2nd edition […]

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Multichoice blames FX shortage for DStv, GOtv subscription hike — FCCPC

The Acting Executive Vice Chairman of the Federal Competition and Consumer Protection Commission, Dr. Adamu Abdullahi has said that Multichoice, an international Pay Television company has attributed its recent hike in the cost of Subscription for its DStv and GOtv in Nigeria to the inadequate supply of foreign exchange. This disclosure was made by Abdullahi […]

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FG announces date for artisans’ screening in SUPA initiative

The Industrial Training Fund has announced that between 29 April and 10 May 2024, the screening of artisans for the Skill-Up Artisans Programme will take place. This was disclosed in a statement signed by its Director General, Dr. Afiz Oluwatoyin Ogun on Sunday, according to Nairametrics. According to the statement, a screening exercise will be […]

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Manufacturing sector needs productivity reforms, Coleman Wires MD urges FG

The Managing Director of Coleman Wires and Cables, Mr. George Onafowokan, has urged the Federal Government to prioritise productivity reforms to revive the manufacturing sector. This was disclosed in his recent interview with a reporter, according to the Independent. Onafowokan stressed that the appreciation of the naira would not bring immediate succour to manufacturers, as […]

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Major road projects in Abuja about 98% complete – Wike

The Minister of the Federal Capital Territory, Nyesom Wike, has said that almost all major projects in the territory are about 98% completed. This was disclosed in a statement by Wike during a routine inspection of some key infrastructure projects, according to Daily Post. The former governor of Rivers State underlined that projects are key […]

Nigeria's external reserves reach 22-month high amid weak Naira
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Naira rebound continues, now below N1,300/$1

The Nigerian naira has continued its rebound in the parallel market against the US dollar appreciating N1280/$1 according to some traders on Saturday. This shows a gain of N120 when compared to the previous day of N1,400 to a dollar. In some markets, traders said they still sold between N1300 and N1,320 to a dollar, […]

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Cross River launches 50,000 hectare rice plantation

Cross River state has launched has officially launched a 50,000-hectares rice plantation in the state, starting with Ogoja. This was disclosed by the Governor, Bassey Edet Otu via his official X handle on Saturday. According to the Governor, it’s a giant step forward in the effort of the state to bolster agriculture in Cross River […]

British American Tobacco sued for smoking-related illnesses
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British American Tobacco sued for smoking-related illnesses

British American Tobacco finds itself embroiled in significant legal battles across Nigeria, as five states demand a total of N10.6 trillion (£9.3 billion) for healthcare expenses linked to smoking-related illnesses. These lawsuits, initiated by both the federal government and the states of Kano, Oyo, Lagos, Ogun, and Gombe, date back to 2007. The legal action […]

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Yemisi Ayeni resigns as a director from Guinness Plc board

Guinness Nigeria Plc has announced the resignation of Mrs Yemisi Ayeni from the Board of the company. This was disclosed in a notice filed by the Legal Director/Company secretary of Guinness Nigeria Plc, Mrs. Abidemi Ademola with Nigerian Exchange Group on Friday. The statement reads “This is to inform the Nigerian Exchange Limited, the investing […]

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