Business/Finance

Dangote describes naira devaluation as biggest mess of 2023

Africa’s richest man, Aliko Dangote, has lamented that the devaluation of naira, Nigeria’s currency was the biggest mess for his…

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Dangote targets 700,000mt of refined sugar in four years, as Q1 revenue rise by 20.1% to N122.7bn

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane…

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Customers panic as CBN bans Opay, Palmpay, other fintech new accounts

Some bank customers have expressed panic as the Central Bank of Nigeria (CBN) bans mobile money operators including fintech firms…

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Dangote cement export of clinker, cement increased by 87.2%

Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and…

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Withdrawal limit remains low as cash rationing persists in banks

Expectation was high that the new administration of President Bola Ahmed Tinubu would correct the mess his predecessor made with…

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Agency seals UBA branches in Kaduna over alleged N14.3m unpaid tax

The Kaduna Internal Revenue Service (KADIRS) on Wednesday sealed the United Bank for Africa (UBA) branches in the state metropolis…

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Fidelity Bank commends Air Peace’s performance, celebrates airline for commencement of the Lagos-London route

Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago.   Dr. Nneka…

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Share price of First Bank crashes as investors flee following Alebiosu’s appointment as CEO 

The share value of FBN Holdings Plc on the stock market fell by 84.32 per cent on Monday, following the…

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First Bank appoints Olusegun Alebiosu as new MD/CEO

Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group),…

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Recapitalisation: Access Bank confident of raising $300m, says Aig-Imoukhuede

Mr Aigboje Aig-Imokhuede, Chairman of Access Holdings Plc, has expressed confidence about raising 300 million dollars in capital for Access…

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