The Federal Government has disclosed that 107 companies invested a total of N2.53tn into the Nigerian economy before qualifying for their tax exemption approvals. The companies made these investments across …
INVESTMENT
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Trump’s Tariff Policy Stirs Fresh Fears of U.S. Recession as Business Leaders and Economists Warn of Consequences
President Donald Trump’s recent decision to impose fresh tariffs on several imports has sparked serious conversations about the health of the U.S. economy. Many business experts and top economists have …
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BusinessEnergyEnvironmentInternational RelationsINVESTMENT
UAE’s Africa push prompts cautious optimism
The United Arab Emirates (UAE) has now become the biggest foreign investor in Africa’s new business projects, with a total commitment of $110 billion between 2019 and 2023. Out of …
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Nigeria’s Minister of State for Finance, Doris Uzoka-Anite, has said that the country’s tough economic reforms are now beginning to show positive signs, and investors who were previously worried are …
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AFRICA NEWSGOVERNMENTINVESTMENTPolicies
Ethiopia Celebrates Diplomatic Milestones, Highlights Gains in Investment, Foreign Relations, and Citizen Welfare
ADDIS ABABA – Ethiopia’s Ministry of Foreign Affairs (MoFA) has announced major diplomatic achievements over the past nine months, describing its performance as a significant step forward in protecting and …
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BusinessEconomyINVESTMENTManufacturing
Guala Closures Opens New Factory in Lagos Free Zone to Serve West Africa
Guala Closures, a top international company known for making bottle closures for drinks and edible oil, has opened a new factory in Nigeria. The new manufacturing plant is located in …
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EconomyFinance & ServicesINVESTMENTNewsNigeriaTechnology
CWG Doubles Dividend as Profit Jumps by 428%, Shareholders Celebrate Strong 2024 Performance
Computer Warehouse Group (CWG) has recorded one of its best financial years in history, posting an impressive 428 per cent growth in profit after tax, and as a result, more …
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EconomyFinance & ServicesGOVERNMENTINVESTMENT
PenCom Invests ₦5.51tn in Real Sector to Boost Economic Growth
The National Pension Commission (PenCom) has disclosed that a total of ₦5.51 trillion from Nigeria’s pension funds has been invested into key sectors of the economy to support long-term development …
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BusinessEconomyFinance & ServicesINVESTMENTPolicies
OPS urges reduced interest rates to boost growth
The Organised Private Sector (OPS) has urged the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) from its current 27.50 per cent to encourage economic growth. …
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BusinessEconomyINVESTMENTTechnology
World Bank backs Africa digital data push with $100 million Raxio deal
The World Bank’s private investment arm is making a major push into Africa’s digital economy with a $100 million investment in regional data centre developer and operator Raxio Group. This …