October 26, 2026

BUSINESS

NIN-SIM linkage: Telcos subscribers complain of barred phone lines NIN-Sim linkage

NIN-SIM linkage: Telcos subscribers complain of barred phone lines

Bode January 17, 2024
  Some telecommunications subscribers on Wednesday expressed displeasure over the barring of their lines by telcos, despite having linked their National Identification Number (NIN) with their SIM cards. The subscribers expressed their displeasure in separate interviews with the News Agency of Nigeria (NAN) in Lagos. NAN reports that telecommunications...
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Shoprite Nigeria announces closure of Kano Store, plans 2-5 year bullish growth for Nigeria  Shoprite Kano

Shoprite Nigeria announces closure of Kano Store, plans 2-5 year bullish growth for Nigeria 

Bode January 16, 2024
  By OLA MODUPE, Lagos – Retail Supermarket Nigeria Limited (RSNL), operating as Shoprite Nigeria has announced the decision to close its Ado Bayero Store in Kano from January 14, 2024.   In a statement issued in Lagos at the weekend, the  company’s Chief Executive Officer, Hubertus Rick, also...
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LIRS affirms January 31st deadline for employers to submit annual tax returns LIRS Chairman, Ayodele Subair

LIRS affirms January 31st deadline for employers to submit annual tax returns

Bode January 15, 2024
  By OLA MUDOPE, Lagos – In accordance with applicable tax legislation, the Lagos State Internal Revenue Service (LIRS) has communicated a reminder to all Employers of Labour to submit their annual tax returns on or before the stipulated deadline of January 31, 2024. The Executive Chairman of LIRS,...
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Afreximbank, UBA announce disbursement of $2.25bn under a syndicated $3.3bn crude oil prepayment facility sponsored by NNPC Ltd OLIVER ALAWUBA OFFICIAL scaled

Afreximbank, UBA announce disbursement of $2.25bn under a syndicated $3.3bn crude oil prepayment facility sponsored by NNPC Ltd

Bode January 14, 2024
    African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25 million has been made. A second tranche of US$1.05 million is expected to be disbursed subsequently.   United...
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Total Energies visits NCDMB, reconfirms FID for Ubeta project in 2024, others underway Total Energies MD 3 scaled

Total Energies visits NCDMB, reconfirms FID for Ubeta project in 2024, others underway

Bode January 13, 2024
  Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed on Thursday that the company would take the final investment decision (FID) on the Ubeta...
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Keyamo to new Aviation CEOs: ‘Resign If Your Goal Is To Make Money’ Keyamo

Keyamo to new Aviation CEOs: ‘Resign If Your Goal Is To Make Money’

Bode January 11, 2024
    The Minister of Aviation and Aerospace Development, Festus Keyamo, on Thursday, charged the newly appointed Chief Executive Officers (CEOs) and directors of the aviation agencies to optimally carry out their duties in the best possible way as outlined in the ministry’s key performance indicators.   He also...
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Transforming Visions into Reality: The Remarkable Tenure of Alex Okoh at BPE Alex Okoh

Transforming Visions into Reality: The Remarkable Tenure of Alex Okoh at BPE

Bode January 10, 2024
In the bustling capital city of Nigeria, the Bureau of Public Enterprises (BPE) found a visionary leader in Alex A. Okoh. His appointment as the Director General (DG) marked the beginning of a transformative era for the organization and, by extension, the nation’s economic landscape. Prior to his appointment as DG, BPE...
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Equities: Investors gain N1.93trn, market capitalisation up 4% 1618306677186 NGX Group Identity RGB

Equities: Investors gain N1.93trn, market capitalisation up 4%

Bode January 10, 2024
  The domestic bourse on Tuesday further recorded a positive performance, making investors to gain N1.93 trillion. Specifically, the market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent when compared with N43.597 trillion recorded on Monday. Consequently, benchmark of the All-Share index increased by four...
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CBN disburses $61m to foreign airlines to clear foreign exchange backlog CBN

CBN disburses $61m to foreign airlines to clear foreign exchange backlog

Bode January 8, 2024
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). The Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali, disclosed this in a statement issued in Abuja on Sunday. Mrs. Sidi-Ali said the disbursement is...
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