Latest Business News

FG secures World Bank’s $500 million loan for electricity sector

  The federal government has secured a $500 million World Bank loan…

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Huggies maker, Kimberly-Clark, to stop production three years after investing $100m in Nigeria

  Diaper and sanitary pad manufacturer, Kimberley Clark will soon announce an…

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ExxonMobil vacates VI offices as it scales down Nigerian operations

  ExxonMobil is reducing its presence in Africa’s biggest oil-producing country, shrinking…

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Court gives GTB nod to seize Afex over N17.8bn Anchor Borrowers’ Loan

  The Federal High Court sitting in Lagos, yesterday, authorised Guaranty Trust…

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Ghana is now richer than Nigeria – Bismark Rewane

  The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck…

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Tax reform committee proposes N800/$ as customs import duty rate

  The presidential committee on fiscal policy and tax reforms says it…

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Dangote Refinery mulls Lagos, London Stock Exchange listings

  The Dangote rlRefinery is aiming for a dual listing on the…

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Kaduna Refinery not designed to process Nigeria’s crude oil grade – Lokpobiri

  The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has…

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I collected my certificate 19 years after graduating — Stanbic IBTC CEO Demola Sogunle

  Chief executive officer of Stanbic IBTC Holdings, Dr Demola Sogunle has…

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DisCos face billions in losses as manufacturers insist on paying old tariffs

  Power distribution companies (DisCos) in Nigeria face billions in collection losses…

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