Nigerian Economy
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BUSINESS & ECONOMY
Shoprite Nigeria Goes the Bokku Way, Plans Neighbourhood Stores to Cut Costs
LAGOS, NIGERIA: Shoprite Nigeria is planning to expand through smaller standalone neighbourhood stores, signalling a shift away from its traditional…
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BUSINESS & ECONOMY
CBN Approves JPMorgan’s Plan to Establish Merchant Bank in Nigeria
ABUJA, Nigeria: The Central Bank of Nigeria (CBN) has granted JPMorgan approval-in-principle to establish a merchant bank in Nigeria, marking…
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POLITICS
Tinubu: Nigeria Has Moved From Reform to Prosperity as Nation Marks 66th Independence
ABUJA, NIGERIA: President Bola Ahmed Tinubu has told Nigerians that the country is moving from a difficult period of economic…
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BUSINESS & ECONOMY
Keyamo: N70,000 Minimum Wage No Longer Enough for Nigerian Workers
ABUJA — Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, has said Nigeria’s N70,000 national minimum wage is no…
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BUSINESS & ECONOMY
Dangote Refinery Takes ‘Made in Nigeria’ Message to Times Square
NEW YORK, UNITED STATES: The Dangote Petroleum Refinery has taken its “Made in Nigeria. Built for the World” message to…
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BUSINESS & ECONOMY
First HoldCo Gains Global Spotlight as FTSE Russell Lists Nigerian Firm for Frontier Index
LAGOS, NIGERIA: First HoldCo Plc, the parent company of FirstBank Nigeria, has gained increased international visibility after being named among…
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BUSINESS
Uber Exits Nigeria After 12 Years, Leaving Drivers and Riders Facing an Uncertain Future
Uber has officially announced its exit from Nigeria, ending 12 years of operations in Africa’s largest economy and leaving drivers,…
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BUSINESS
Otedola Acquires N222.2bn First HoldCo Shares, Raises Stake to 25.88%
LAGOS, Nigeria: Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has acquired an additional 1.77 billion shares in…
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BUSINESS
Federal Government To Deploy 7 Million Electricity Meters Nationwide To End Estimated Billing
ABUJA, NIGERIA-The Federal Government has unveiled plans to deploy seven million electricity meters across the country as part of a…
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BUSINESS
Cooking Gas Prices May Drop to N900–N1,100 Per Kilogram by End of 2026, LPG Marketers Predict
LAGOS, NIGERIA — The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has expressed optimism that the retail price of…
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