Alhaji Aliko Dangote, Chairman of the Dangote Group, has expressed concern over the decision of the Central Bank of Nigeria, CBN, to raise the interest rate to nearly 30 per cent. Speaking at a summit hosted by the Manufacturers Association of Nigeria (MAN), on Tuesday at the State House in Abuja, the business mogul made […]
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The management of MultiChoice Nigeria, including its managing Managing Director, John Ugbe have been invited by to appear before a Consumer Protection (CCPC) Tribunal in Abuja. The tribunal on Tuesday asked Ugbe to appear on September 8 with the company’s 2021 audited financial report. The three-member panel headed by Thomas Okosun, also ordered directors of […]
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National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate is now at 19.64 percent. The latest report by the consumer price index (CPI), which measures the rate of change in prices of goods and services, shows that inflation surged to 19.64 percent in July 2022, up from 18.60 percent in June. 19.64 percent is […]
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African heads of state and government together with senior policymakers will share their perspectives on how to reshape Africa’s development financing models at the 2021 African Economic Conference, which takes place on Thursday, 2 December. Cabo Verde Deputy Prime Minister and Minister of Finance Olavo Correia said the conference offered “an extraordinarily important moment” to chart […]
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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to empowering African entrepreneurs, opens applications on its TEFConnect digital platform (www.tefconnect.com) today, January 1, 2021. This year’s intervention prioritises the economic recovery of small and medium scale enterprises (SMEs) and young African entrepreneurs, following the Covid-19 disruption to economic activities. To address the unique challenges […]
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The Nigeria Labour Congress (NLC) has threatened industrial action if the federal government fails to reverse the recent hike in petrol price and electricity tariff in 14 days. The NLC president, Ayuba Wabba, said this at the end of the NLC’s central working committee (CWC) meeting on Wednesday in Abuja. Mr Wabba said workers and […]
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A new initiative by ACCA (the Association of Chartered Certified Accountants) the global accountancy body, has highlighted 10 key drivers that are already changing business processes, people and services. The report also addresses how the finance function within those businesses will need to prepare and adapt to meet transformative challenges. Thomas Isibor, head of ACCA […]
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Nigeria’s foreign reserve is on the rise again. This is coming after the nation lost a record $2.1 billion in 30 days, Statistics from the Central Bank of Nigeria, showed that Nigeria’s reserve surged by over $230 million between November 23 and 26, 2018. As at Monday, November 26, the reserves stood at $41,829,552,421 — […]
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Nigeria’s High Commissioner to India, Maj.-Gen. Chris Eze (Rtd), has urged India to take advantage of the economic reforms embarked upon by the President Muhammadu Buhari administration to strengthen its businesses in the country. Eze made the call at an event in New Delhi to mark the 58 Independence Anniversary of Nigeria and 60th anniversary […]
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Do you make or sell fabulous fashion apparels and accessories? Can your fashion brand stand out at the biggest fashion event in Africa? Then, the 2018 GTBank Weekend is calling for you! Now in its third year, the GTBank Fashion Weekend has become the premier consumer-focused event that places African fashion on the global stage […]
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