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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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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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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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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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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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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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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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Russia Supreme Court Upholds $1.2 Quintillion Fine on Google
Google has lost its final appeal in Russia, with the Supreme Court upholding a fine larger than all the money on Earth. The Russia’s Supreme Court has official…
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MTN Group Set to Acquire IHS Towers in $6.2 Billion Deal
Telecom giant MTN Group is set to buy IHS Towers in a massive $6.2 billion deal to boost African digital infrastructure. In a massive shake-up of Africa’s tele…
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States Pay N455bn Foreign Debt Service in 2025 – FAAC Data
Foreign debt service Nigeria rises sharply as states pay over N455bn in 2025, reducing funds available for projects and salaries. Nigerian states spent a total…
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Why CBN, Spotify, and Canon are Choosing Managed Offices
Top firms like the CBN and Spotify are moving to managed office spaces in Nigeria to cut costs and boost flexibility. Big corporations in Nigeria are changing …
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CAC Now Processes 10,000 Daily Business Registrations via AI
Nigeria’s business registration enters a new era as the CAC hits 10,000 daily requests using AI technology. Nigeria’s business landscape is witnessing a massiv…
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MTN Eyes Full Control of IHS Towers in Massive $2.8bn Deal
MTN Group is in advanced talks to acquire the remaining 75% of IHS Towers, a deal that could reshape the industry. Africa’s telecommunications giant, MTN Group…
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10% Tax on Savings Interest Sparks Anger Among Nigerian Investors
Nigerians are questioning a 10% withholding tax on savings interest as banks enforce deductions amid economic pressure. Growing frustration is spreading among …
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