The National Agency for Science and Engineering Infrastructure (NASENI) has declared its full support for President Bola Tinubu’s “Nigeria First Policy,” describing it as a transformative step toward revitalising the …
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NIMASA Confirms 8-Year Loan Tenure, Single-Digit Interest for Cabotage Vessel Financing Fund
The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed under an eight-year repayment plan with a single-digit interest …
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Netflix Invests Over $175 Million in Africa’s Film Industry, Boosting Jobs and Local Talent
Netflix, the American video streaming giant, has spent more than $175 million on film and TV production in Africa’s top three markets—South Africa, Nigeria, and Kenya—since it started operations on …
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Tanzania and Malawi End Trade War After Retaliation Threats and Regional Pressure
Tanzania and Malawi have finally agreed to end their trade dispute following weeks of escalating tensions and reciprocal import restrictions. The two countries, joined by South Africa which was also …
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CBN Increases Treasury Bills Offer to N550bn as Investor Demand Drops by 29%
The Central Bank of Nigeria (CBN) has raised its total offer at the latest Treasury Bills Primary Market Auction to N550 billion, an increase from the N400 billion offered in …
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Dangote Refinery, Marketers Clash Over Local Fuel Supply Claims
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …
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Navigating the New Minimum Wage: Impact and Strategies for Small Businesses in Nigeria
Introduction The discourse surrounding the minimum wage in Nigeria has always been a critical point of discussion, particularly for the business community. As the government and labor unions engage in …
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PenCom and Lagos Government Call for Informal Workers to Join Pension Scheme
The National Pension Commission (PenCom) and the Lagos State Governor, Babajide Sanwo-Olu, have renewed the push to bring informal sector workers into Nigeria’s Contributory Pension Scheme (CPS). This was the …
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ACCI President Urges Nigeria to Improve Currency Swap with China to Support Businesses
The President of the Abuja Chamber of Commerce and Industry (ACCI), Chief Emeka Obegolu, has appealed to the Nigerian Government to take urgent steps to make it easier for local …
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Angola’s $200 Million Trouble with JPMorgan Exposes Africa’s Mounting Debt Pressure
Angola has found itself in the news again over its rising financial pressures, as a $200 million margin call from U.S. banking giant JPMorgan Chase & Co. has exposed the …