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Dangote Urges Direct Sourcing of Fuel from New Refinery Amid Supply Concerns
Aliko Dangote, Chairman of Dangote Group, called on petroleum marketers, including the Nigerian National Petroleum Company Limited (NNPC), to obtain...
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Globacom Loses 40 Million Subscribers After NCC’s Market Review
Nigerian telecom provider Globacom has seen a major drop in market share after a large-scale subscriber review by the Nigerian...
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Moniepoint Joins the Unicorn Club with New Funding Round
Nigerian fintech startup Moniepoint has raised $110 million in a recent funding round led by Development Partners International (DPI), pushing...
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FBN Holdings Launches Significant Capital Raise Through Rights Issue to Bolster First Bank of Nigeria
FBN Holdings Plc has kicked off a substantial capital raise via a rights issue, proposing nearly 6 billion new shares...
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Pick n Pay Exits Nigeria as Part of Restructuring Strategy
South African grocery retailer Pick n Pay has announced its exit from the Nigerian market by selling its 51% stake...
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Dangote Cement Invests Over $280 Million in Clean Energy Initiatives
Dangote Cement Plc has announced a significant investment exceeding $280 million (approximately ₦460 billion) in compressed natural gas (CNG) technology...
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Call for Replacement Aircraft for Vice President Following Safety Concerns
The Speaker of the Borno State House of Assembly, Rt. Hon. Abdulkarim Lawan, has raised alarm over the safety of...
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Nigerian Oil Firm Secures Million Dollar Deal in Grenada
Nigerian oil and gas company, Oceangate Oil and Gas Engineering, just secured a major multi-billion dollar deal with Global Petroleum...
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Nvidia Briefly Tops Apple as World’s Most Valuable Company
Nvidia briefly dethroned Apple as the world's most valuable company on Friday, with its market value reaching $3.53 trillion before...
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Nigeria Plans to Double VAT to 15%
The Nigerian government has announced plans to gradually raise the Value Added Tax (VAT) rate from the current 7.5% to...
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