Sterling bank announces that it is the first bank in Africa to adopt an indigenous core banking solution called SeaBaaS; the development is another advancement in Nigeria’s drive at delivering …
Business
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The Naira devalued in the parallel market to N1,660/$ and dollar appreciated in the local market to N1,580. 46 in NAFEM. Thus, the lead of dollar turnover against the turnover …
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Nigeria’s power generation dropped by 45% due to gas shortages and poor transmission infrastructure, as calls for reforms and improvements in the energy sector grew louder.
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Nigeria’s government approves a 50% electricity subsidy for hospitals to ease financial strain and enhance healthcare services.
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Nigeria’s government vows to shut down filling stations over high fuel prices as petrol hits N1,000 per liter.
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BusinessNews
Atiku Questions FG Over Oando’s Accelerated Approval in AGIP/ENI Deal and Subsidy Payments
Atiku Abubakar questions the Nigerian government’s fast-tracked approval for Oando’s oil deal and unresolved subsidy payments, raising corruption concerns.
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Zhongshang Fucheng seizes Nigerian Bombardier 6000 jet in Canada, escalating a legal battle over $70 million in arbitration awards.
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Nigeria’s CBN reports record remittance inflows of $553 million in July 2024, a 130% increase from 2023.
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Nigeria will begin naira-based crude sales to the Dangote Refinery on October 1, a move aimed at strengthening the local economy.
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NERC grants new permits for power generation, including licenses for MTN and Golden Penny Power, enhancing Nigeria’s energy infrastructure.
