The Nigerian National Petroleum Company (NNPC)Limited on Tuesday said it has deactivated 395 illegal refineries in its efforts to curb oil theft in Nigeria. Mele Kyari, Group Managing Director, NNPCL, …
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Access Bank to acquire majority stake in Angola-based Finibanco
Access Holdings Plc, trading as Access Corporation, on Tuesday announced its planned acquisition of majority equity stake in Angola-based Finibanco S.A by Access Bank Plc. Sunday Ekwochi, Company Secretary of …
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NNPC posts N674bn Profit After Tax For 2021
The Nigerian National Petroleum Company (NNPC) Limited on Tuesday declared a profit after tax of N674bn. The Group Chief Executive Officer of NNPC, Mele Kyari, in Abuja said the NNPC …
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Massmart in talks to close Game stores in East, and West Africa
South African retailer Massmart said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. Massmart Chief Executive Officer …
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Absa Bank and MasterCard Foundation to grant ¢2.5m to Fintech/Agritech Startups
Absa Bank Ghana has announced a ¢2.5 million grant to support businesses in the Fintech and Agritech industry. The initiative is part of the Absa Young Africa Works programme, in …
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Geregu Power to list 2.5bn shares on Nigerian Exchange
Geregu Power, an electricity generation company has announced that it will be listing 2.5 billion ordinary shares of 50 kobo each at a share price of N100 per share on the Nigerian Exchange. Geregu …
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Sterling Homes drives real estate expansion in Nigeria, Launches Two new estates in Lekki and Osogbo
To consolidate its efforts in tackling the housing deficit in the country, Nigeria’s property development company, Sterling Homes has launched two new housing projects named GEMS Court and The Duchess …
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ARCON sues Meta over ‘unapproved’ adverts, seeks N30bn penalty
The Advertising Regulatory Council of Nigeria (ARCON) has sued Meta Platforms Incorporated, owners of Facebook, Instagram and WhatsApp platforms, for showing unapproved advertisements to the Nigerian audience. In a statement …
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Nigerian government to pay undergraduates studying education N75,000, opens portal
The Nigerian government has opened a portal for students of education to register for a bursary of N75,000. This comes after the approval of N75,000 per semester for Nigerian undergraduates in the …
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‘Japa’ Syndrome hit Nigerian Telecom Sector as 2000 workers left the country this year
Telecom operators in Nigeria have expressed worry over the mass exodus (Japa) of technical workers from the country. According to them, this may lead to poor quality of services if not …