Business
Despite Rising Inflation, CBN Retains Benchmark Lending Rate at 11.5%
Despite the lingering inflation, the Central Bank of Nigeria (CBN) is pegging the benchmark lending policy rate at 11.5 per...
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NPA Halts Export Cargoes at Lagos’ Apapa Port Till April 5
The Nigerian Ports Authority (NPA) has temporarily suspended all export receipts at the Lagos Ports Complex and the Tin Can...
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Jack Dorsey’s first ever tweet sells for $2.9m
Twitter founder Jack Dorsey's first ever tweet has been sold for the equivalent of $2.9m (£2.1m) to a Malaysia-based businessman....
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American Burger Frontliner, Burger King, To Launch In Lagos
Burger King, an American multinational hamburger fast-food chain headquartered in Florida, would soon debut its stores in Lagos. Antoine Zammarieh,...
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Lagos Free Zone To Get Extra $5bn Investment Before 2025
The Lagos Free Zone (LFZ) which already has a committed investment of $2 billion is poised to attract an additional...
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Stock Market Losses Plunge to N140bn Last Week
The Nigerian stock market extended its decline last week as investors lost N140bn. The Nigerian Stock Exchange All-Share Index and...
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Lagos’ Lekki Deep Seaport to Open 2023
Commercial operations at the Lekki Deep Seaport in Lagos Free Zone will begin in the first quarter of 2023, the...
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CBN Pumped $5.62bn Into Forex Market In 2020 Q4 To Stabilise Naira
The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of 2020 as part...
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FG Subsidises Petrol by N102bn Monthly
As the Federal Government continues to subsidise the price of petrol, it incurs a minimum of N102.5 billion monthly to...
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Nigeria’s Debt Hits N32.9trn, DMO Says
Nigeria’s total public debt as at December 31, 2020 was N32.915 trillion, the Debt Management Office (DMO), has said. The...
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