The World Bank says Nigeria has enormous growth potential but has stagnated in the past decade. In its latest report titled, ‘Nigeria country economic memorandum: charting a new course’, published on its website, the World Bank said Nigeria’s potential and growth has been stagnated over the past decade. It noted that the country needs create […]
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About 300 entrepreneurs, investors, and celebrities took part in the opening reception for the US-Africa Leaders Summit, the investment-focused “Innovators Gathering”, honoring the influx of two-way investment and trade opportunities set to be announced at the U.S.-Africa Leaders Summit. The Innovators Gathering: Investing in U.S.-Africa Cultural and Economic Ties was hosted on December 12 by […]
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Nigeria free trade zones attracted over 46.6 billion dollar investments into the nation’s economy. The Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba and his counterpart from the Oil and Gas Free Zones Authority (OGFZA), Sen. Tijjani Kaura said this at the 30th anniversary of free trade zones scheme in Nigeria on […]
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After several months of legal tussle between Zenith Bank Plc v Real Integrated & Hospitality Limited and State Universal Basic Education Board (SUBEB) Gombe State, a three-man panel in the Court of Appeal sitting in Lagos led by Justice Muhammed Sirajo in Appeal No:CA/LAG/CV/262/2022 – have unanimously upturned the Lagos State High Court judgment of […]
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The Governor of Edo State, Mr. Godwin Obaseki has described the redesign naira notes by the Central Bank of Nigeria (CBN) as political and diversionary. Governor Obaseki who stated this on Wednesday in Benin, while inaugurating the Peoples Democratic Party (PDP) Women Campaign Council, added that the move was a ploy by the All Progressives […]
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NIGERIA – The minister of power, Abubakar Aliyu, has said the Economic and Financial Crimes Commission (EFCC) is currently investigating the controversial award of the $5.8 billion Mambilla hydro-electric power project to Sunrise Power. Recall that Sunrise has taken Nigeria to arbitration alleging breach of contract, but the manner of the award of the contract […]
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In line with its mission to empower Africans with the payment solutions they need to thrive in a digital community, HabariPay has partnered with Google Hustle Academy to train targeted MSMEs on digital payment solutions. The Hustle Academy seeks to provide MSMEs across Kenya, Nigeria, Ghana, and South Africa with expert training on business strategy […]
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President Muhammadu Buhari has weighed in on the split between Finance Minister Zainab Ahmed and Central Bank of Nigeria Governor Godwin Emefiele over the redesigning of naira notes. Recall that shortly after the apex bank announced plans to redesign the naira notes, Ms Ahmed, the finance minister, said that her ministry wasn’t consulted before the […]
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Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period […]
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Emirates has delivered a resounding response to heightened demand for plant-based cuisine with a multimillion-dollar investment into new vegan choices onboard, in a remarkable gesture that heralds the upcoming World Vegan Day on November 1. This comprises a curated menu of gourmet vegan dishes, introduced into First and Business Class and menus a refreshed selection of plant-based […]
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