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Showing posts with the label BusinessShow all
Fire Destroys 300 Shops At Popular Oranyan Market In Ibadan
Fire outbreak at Oranyan Market in Ibadan destroys almost 300 shops as gold, furniture and okrika traders count losses. Traders at the popular Oranyan Market i…
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NGX Loses N5.45trn in 8 Days as Nigerian Stocks Crash Hard
NGX crash deepens as investors lose N5.45trn in 8 days, with insurance stocks under pressure from reforms and profit-taking Investors on the Nigerian Exchange …
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Nigeria Food Inflation Hits 20.31% as Headline Rate Falls
Nigeria's food inflation rate rose sharply to 20.31% year-on-year in July 2026, reaching its highest level since September 2025, even as the country's…
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Dangote Refinery Exports N757bn Jet Fuel to Europe
Dangote Refinery shipped N757bn worth of jet fuel to Europe in June, beating US exports as Nigeria's fuel trade surges. Nigeria has overtaken the United St…
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Trump Memecoin Investors Lose $3.8 Billion, Nansen Report
Nansen analysis finds nearly 1m Trump memecoin investors lost $3.81bn, while Trump pocketed $636m from launch. Nearly one million people who bought President D…
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South Korea Unveils $1.2 Trillion Chip and AI Investment Plan
South Korea's $1.2trn chip-AI plan taps Samsung and SK hynix for southwest hub to secure global semiconductor lead. South Korea is putting big money where …
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SpaceX IPO mints millionaires as SPCX debuts big
SpaceX's reported June 12 IPO at $1.77tn valuation turned early workers into millionaires, in the biggest market debut ever. Market reports circulating Jun…
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Google Slashes AI Plus Price to $4.99, Igniting Price War
Google has significantly reduced the cost of its AI Plus subscription plan, a move that could reshape competition in the rapidly expanding artificial intellige…
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Trump Brings Big U.S. CEOs to High-Stakes China Visit
Trump China visit draws top U.S. CEOs as trade, tariffs, AI and investment take centre stage in Beijing talks this week. Donald Trump’s state visit to Beijing …
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Anthropic Nears $50B Round at $900B Valuation Before IPO
Anthropic's $50B funding round could value the Claude-maker above $900B, overtaking OpenAI ahead of a highly anticipated IPO. Anthropic is moving quickly t…
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Dangote Refinery Hikes Petrol Price, Suspends Sales
Dangote Refinery has increased its petrol price to N1,275 per litre and halted sales due to operational disruptions. There is fresh anxiety in the fuel sector …
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Air Peace Cuts Abuja-London Flights Over Jet Fuel Crisis
Air Peace slashes Abuja-London flights to three weekly as the Jet A1 fuel crisis bites. Passengers face delays and rescheduling Air Peace has just made a tough…
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Aliko Dangote's Wealth Surges $3.2bn on Refinery Success
Aliko Dangote has seen his wealth rise by $3.21 billion in 2026, cementing his position as Africa’s richest man. Africa’s richest man, Aliko Dangote, has start…
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SpaceX Secures $60B Option For AI Startup Cursor
SpaceX Cursor deal: Elon Musk's firm gets a $60 billion acquisition option for the AI coding startup, shifting the AI market. There is a major shift happen…
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Lufthansa Suspends 27 Jets Over Strikes, Fuel Costs
Lufthansa grounds 27 aircraft as rising fuel costs and labor strikes force immediate cost-cutting measures. Lufthansa has announced a drastic reduction in its …
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IMF Cuts Nigeria’s 2026 Growth Forecast to 4.1%
The IMF reduces Nigeria's 2026 economic growth forecast to 4.1% as rising fuel costs and global instability weigh heavily. The International Monetary Fund …
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FG Slashes Import Duties on Cars, Rice in 2026 Policy
The Federal Government has reduced import duties on cars and essential food items in the new 2026 Fiscal Policy Measures. The Federal Government has officially…
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The 10 Industrialists Topping Anambra’s 2026 Wealth Ranking
Anambra State has long held its place as one of Nigeria’s foremost commercial hubs, driven by a deeply rooted culture of enterprise and private capital fo…
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Jeff Bezos Targets $100bn to Automate Global Industry with AI
Jeff Bezos is reportedly raising $100bn to acquire and automate manufacturing giants via AI, marking a seismic shift in global industry. Jeff Bezos is mobilisi…
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Quince Raises $500m, Hits $10.1bn Valuation
Quince secures $500m funding, doubling its valuation to over $10bn as revenue tops $1bn despite ongoing legal challenges. Quince, the online shopping platform,…
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