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Nigerian Government Increases Tariffs on Imported Rice, Wheat, and Alcohol Among 189 Items
The Federal Government of Nigeria has declared a review of the Import Adjustment Tax (IAT) in line with the implementation of the Economic Community of West African States (ECOWAS)…
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Otedola Sells Stake In Transcorp Days After Acquiring Shares
Billionaire businessman Femi Otedola has sold his stake in Transcorp just 15 days after acquiring shares in the company.
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Elumelu Increases Stake In Transcorp To 25.58%
Tony Elumelu's owned HH Capital Limited has increased its stake in Transnational Corporation Plc (Transcorp) to 25.58%.
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HMV to Reopen Flagship Store on London’s Oxford Street After 4-Year Absence
HMV, the UK-based music and entertainment retailer, will return to its former flagship store on London's Oxford Street, four years after its closure. The store is expected to reopen…
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Naira Rises To N462 Per Dollar At Official Market
The value of the naira appreciated against the dollar at the Investors and Exporters window of the foreign exchange market on Thursday.
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NGX Market Capitalisation Grows By N76bn
The Nigerian Exchange (NGX) Limited maintained its positive momentum on Thursday as it recorded a 0.27% gain.
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Naira Hits N750/$ At P2P, N463 At Official Market
The naira exchanged for N750 against the dollar at the peer-to-peer market segment while trading for N463.44 at the Investors & Exporters window.
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Local Stock Market Gains N137bn To Maintain Upward Trend
The local stock market retained its positive momentum as investors gained N137bn at the close of trading on Tuesday.
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Wema Bank Gross Earnings Rise By 42.3% To N131.08bn In 2022
Wema Bank says it grew its gross earnings by 42.3% to N131.08 billion as of the end of 2022 financial period from N92.14bn in the corresponding period of 2021.
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Three Young Nigerian Entrepreneurs Selected to Attend 2023 Forbes Under 30 Africa Summit
The Nigerian Ministry of Youths and Sports Development announced on Friday the selection of three young entrepreneurs to represent the country at the 2023 Forbes Under 30 Africa…
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Local Stock Market Gains N18bn
The local stock market closed in the positive territory on Wednesday as investors raked in N18 billion to push the market value to N27.85 trillion.
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Bears Dominate NGX As Investors Lose N421bn
NGX Limited closed in negative territory on Monday as the market value went down by N421 billion by the close of market activities.
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Investors At Customs Street Shed N601.3bn In One Week
Trading activities on the floor of the Nigerian Exchange (NGX) Limited closed in the red territory as investors recorded a N601 billion loss.
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Jubilation As MTN Offers Customers Free 6-month Access To Apple Music
MTN Nigeria has announced a partnership with US-based digital music platform Apple Music, with the aim of providing customers easy access to a premium selection of songs and quality…
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Local Stock Market Sheds N4bn On Persistent Sell Pressure
The local stock market recorded a 0.02% loss on Thursday on the back of persistent sell pressure in bellwether stocks.
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NGX Closes Flat As Market Cap Remains At N28trn
The local stock market closed flat on Wednesday as the trading value, number and deals finished lower than the previous day.
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WhatsApp Launches Pay In-App Feature For Small Businesses
Whatsapp has launched a pay-in app feature for its Brazil users which would allow small businesses to receive money within the messaging app.
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Naira Exchanges For N736/$ At Black Market
The value of the naira slightly appreciated against the dollar in the different segments of the foreign exchange market on Tuesday.
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Nigeria’s Unemployment Rate Hits 41% In 2023 – KPMG
Audit and tax advisory firm has said that Nigeria's unemployment rate increased to 41% in 2023, OduNews reports.
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Ukraine Restarts Electricity Exports After Six-Month Hiatus Due to Russian Attacks
Ukraine resumes electricity exports for the first time in six months, following the recovery of its energy infrastructure after repeated Russian attacks, bringing hope for a more stable…
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