Business News
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Nigerian biotech startup becomes first African lab to offer liquid biopsy to advance cancer diagnosis
Nigeria-based biotechnology startup, Syndicate Bio. has partnered with SophiaGenetics, a cloud-native software firm specializing in data-driven medicine, to become the…
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Value of Unlisted Securities Market Rises to N1.6trn
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed on Wednesday, May 8 with a 3.5 per cent appreciation…
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Nigeria Air: EFCC indicts Sirika for ‘awarding’ multi-billion contracts to daughter, in-law, others
Story highlights The Economic and Financial Crimes Commission (EFCC) has indicted a former Minister of Aviation, Hadi Sirika, in an…
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BREAKING: Airtel incurs $1.7 billion in foreign exchange loss over currency devaluation in Nigeria, Malawi
Airtel Africa, Nigeria’s second largest telecoms company has reported significant financial setbacks due to currency devaluations in several of its…
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Pressure Mounts on Naira, Crashes to N1,421/$1 at Official Market
By Adedapo Adesanya The Naira closed the midweek session with yet another weak performance against the US Dollar at the…
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Tinubu assures US of enhanced power supply through Nigeria’s abundant gas resources
Nigeria’s President, Bola Tinubu, has assured the United States and other international partners of enhanced power supply within the country,…
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Africans in Diaspora Development Union request citizenship rights, visa on arrival for members
The Africans in Diaspora Development Union (AFRIDU) has requested the support of the Federal Ministry of Interior to secure citizenship…
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Disney, Warner Bros to launch new streaming bundle
Disney and Warner Bros. Discovery have announced plans to introduce a streaming bundle comprising Disney+, Hulu, and Max this summer,…
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LASG introduces electronic system for 10-minute approval of building permits
The Lagos State Government has launched an Electronic Physical Planning Permit System, which enables building approvals to be obtained within…
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Oil Gains on US Stockpiles Draw Amid Strong Dollar
By Adedapo Adesanya Oil traded higher on Wednesday after data showed US crude stockpiles fell last week while a stronger…
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Food crisis: Nigerian government delivers 1,437.5 MT of grains to vulnerable Niger state residents
The Federal Government of Nigeria says it has delivered 1,437.5 metric tonnes of grains to vulnerable Nigerians in Niger state.…
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PwC says 51% of CEOs in W/Africa expect local economies to decline in 2024
The PwC Annual Global CEO survey report for West Africa has revealed that about 51% of chief executive officers (CEOs)…
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Seplat eyes additional 390 million cubic feet of gas production by end of 2024
Chief Operating Officer of Seplat Energy, Samson Ezugworie, has said that the company is set to increase its gas production…
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Stock Market Closes Flat Amid Sell-Offs in PZ, International Breweries
By Dipo Olowookere The local stock market traded flat on Wednesday, though bearish sentiments persist, caused by sustained profit-taking in…
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July deadline: CAC opens center for bulk registration of PoS operators
The Corporate Affairs Commission (CAC) has opened a center dedicated to bulk registration of PoS operators in the country. This…
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ACMAN deems 0.5% cybersecurity levy ill-timed amid financial inclusion efforts
The Association of Capital Market Academics of Nigeria (ACMAN) has expressed its concern regarding the timing of the proposed 0.5% cybersecurity levy…
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BREAKING: CBN extends suspension of processing fees on large cash deposits to September 2024
In a notable policy update, the Central Bank of Nigeria (CBN) has extended the suspension of processing fees on significant…
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Access Bank Group, Mastercard collaborate to enhance cross-border payments in Africa
Access Bank Group has launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances…
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Artificial Intelligence: AU seeks developing countries’ influence within AI governance structures
The African Union (AU) has suggested that to attain sustainable development globally, developing countries should have increased representation and influence…
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Zenith Bank pays shareholders N109.9 billion in final dividend for FY 2023
Zenith Bank has paid N109.9 billion in final dividend for the financial year (FY) 2023, representing a payment of N3.50…
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