Tag: Nigeria Business Now

TikTok To Launch Its First Shopping Centre

TikTok To Launch Its First Shopping Centre TikTok has revealed plans to launch its first shopping centre to sell goods. It is following through with recent plans to launch an e-commerce business in the U.S. TikTok made this known in a short video sharing platform. According to report, the company[Read More…]

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Government hands over 374 power project to DisCos

Government hands over 374 power project to DisCos   Over $1.2 billion has been spent on key distribution projects in the country as part of measures to improve power supply in the country, Niger Delta Power Holding Company Limited (NDPHC) has said. The fund was spent on over 374 projects[Read More…]

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CBN promises to tackle forex pressure

CBN promises to tackle forex pressure   Folashodun Shonubi, Acting Governor of the Central Bank of Nigeria, pledged to tackle the mounting exchange rate pressure as the naira witnessed a decline against the dollar. BusinessDay reports that Shonubi made this commitment during a press interaction after the two-day Monetary Policy[Read More…]

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Plane crash kills nine in Sudan

Plane crash kills nine in Sudan Nine people, including four soldiers, were killed Sunday (Jul. 23) evening when a civilian plane crashed in Sudan due to “technical” reasons, the army said, as the war in the east African country entered its 100th day. In Port Sudan, on the east coast[Read More…]

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No vessel caught fire at Lagos port, says firm

No vessel caught fire at Lagos port, says firm The Ports & Cargo Handling Services Limited has explained that the fire incident at its terminal in TinCan Island port did not affect any vessel. The Group Head, Corporate Communications of Sifax, a mother company of Ports & Cargo Handling Services,[Read More…]

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Coca-Cola, MTN Foundation, British Council, Microsoft, others  Unveil as Partners for Africa Social Impact Summit 2023

  Coca-Cola, MTN Foundation, British Council, Microsoft, others  Unveil as Partners for Africa Social Impact Summit 2023   The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The[Read More…]

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Fidelity Bank reclassified as Medium Price Stock

Fidelity Bank reclassified as Medium Price Stock   Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock.   A statement by the NGX said the reclassification[Read More…]

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