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Business · Leadership News ·
Our VIN Report Reveals What Car Dealers Don’t Want You To Know In Nigeria
A recent Vehicle Identification Number report exposes hidden details regarding automobiles sold by dealers across Nigeria. The findings highlight undisclosed vehicle histories and potential discrepancies that buyers are frequently not informed about during purchasing transactions, aiming to provide transparency in the local automotive market.
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Business · Leadership News ·
Cashew Producers Warn Against Export Ban, Seek Low-cost Loans
Cashew producers have cautioned against the implementation of an export ban on their commodities. In addition to opposing the potential trade restriction, the agricultural workers are requesting access to affordable, low-cost loans to support their operations and sustain the local industry.
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Business · Leadership News ·
Fitch Downgrades MoneyGram On Declining Revenue
Global credit rating agency Fitch has officially lowered the financial rating of international money transfer company MoneyGram. The downgrade was issued in response to the remittance provider experiencing a noticeable decline in its overall revenue, reflecting recent financial pressures on the company's corporate earnings and business operations.
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Business · Leadership News ·
Firm Shortlisted For 2026 SABRE Award
A business enterprise has been officially shortlisted as a nominee for the upcoming 2026 SABRE Awards. The nomination acknowledges the organization's work in the public relations and communications sector, positioning it alongside other industry contenders ahead of the final award ceremony.
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Business · Leadership News ·
Data As Fiscal Infrastructure
The concept of integrating comprehensive data systems as a core component of economic management is gaining attention. Treating information as foundational fiscal infrastructure allows authorities to enhance financial planning, streamline resource allocation, and strengthen overall economic frameworks within the Nigerian financial sector.
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Business · BusinessDay ·
Interswitch Retail Summit charts path to profitable, digital-driven retail
The Interswitch Retail Summit recently highlighted strategies for transforming the retail sector into a more profitable industry through the adoption of digital solutions. The event focused on guiding businesses toward leveraging modern technology to enhance retail operations and achieve sustainable financial success.
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Business · BusinessDay ·
BOI wins global sustainable finance award, strengthens Nigeria’s green push
The Bank of Industry has received a global award for sustainable finance. This international recognition highlights the financial institution's efforts and is expected to reinforce Nigeria's ongoing environmental initiatives and overall commitment to advancing green economic development and sustainability across the country.
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Business · Channels TV ·
Crude Extends Gains As Trump Considers Latest Iran Proposal
Global crude oil prices are continuing their upward trajectory as Donald Trump evaluates a newly presented proposal regarding Iran. The ongoing geopolitical developments and potential shifts in diplomatic relations are actively influencing international energy markets, resulting in sustained gains for oil commodities.
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Business · Premium Times ·
Nigeria targets sports economy growth through intellectual property
The Nigerian government is aiming to stimulate economic growth within its sports sector by leveraging intellectual property. This strategy focuses on utilizing intellectual property rights to unlock new financial opportunities and enhance the overall commercial value of the national sports industry.
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Business · Channels TV ·
Bank Of Japan Hikes Inflation Forecast, Holds Interest Rates
The Bank of Japan has revised its inflation forecast upwards while deciding to maintain its current interest rates. The central monetary authority opted to hold borrowing costs steady despite anticipating higher consumer price levels in the Asian nation's economy.
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Business · BusinessDay ·
Big deals mask shrinking seed funding across Africa’s startup ecosystem
Large investment transactions are currently obscuring a significant decline in seed funding within the African startup ecosystem. Despite the presence of major financial agreements, early-stage companies across the continent are facing increasing difficulties in securing the foundational capital required to launch and grow their operations.
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Business · BusinessDay ·
Fusewall buys Coloplus to expand Nigeria’s telecom infrastructure footprint
Fusewall has acquired Coloplus in a corporate transaction intended to expand the footprint of telecommunications infrastructure across Nigeria. The buyout represents a strategic effort to enhance physical network assets and operational reach within the domestic telecommunications sector.
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Business · BusinessDay ·
Champion Breweries’ profit slows to N881.5m on rising cost
Champion Breweries has experienced a deceleration in its financial performance, with its profit slowing to 881.5 million Naira. The reduction in the brewing company's earnings is directly attributed to the negative impact of rising operational expenses.
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Business · Vanguard ·
80% of businesses owned by women lack access to formal credit — FG
The Federal Government has reported that eighty percent of female-owned businesses currently operate without access to formal credit. This statistic highlights a significant financial barrier for women entrepreneurs seeking funding, indicating a widespread lack of institutional support to sustain their commercial operations.
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Business · BusinessDay ·
UBA targets dividend return in 2026 as loan recoveries improve
United Bank for Africa plans to resume dividend payments by the year 2026. The financial institution bases this strategic target on recent improvements in its overall loan recovery processes, highlighting ongoing efforts to stabilize operations and restore direct financial returns to investors.
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Business · Premium Times ·
United Capital Group completes recapitalisation of SEC-regulated subsidiaries over a year ahead of deadline
United Capital Group has successfully completed the recapitalisation process for its subsidiaries regulated by the Securities and Exchange Commission. The corporate institution achieved this mandatory regulatory requirement more than a full year ahead of the official scheduled deadline.
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Business · The Punch ·
German petrol price control law has backfired — Economists
Economists indicate that a legislative measure implemented in Germany to regulate the cost of petrol has failed to achieve its intended objectives. Financial experts suggest that the price control policy has resulted in unintended negative economic consequences rather than effectively stabilizing fuel markets.
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Business · Daily Trust ·
Fuel: From N2.1m in January, we now spend N7.6m on every flight – Ibom Air
The management of Ibom Air has disclosed a massive surge in aviation fuel expenses, reporting that the cost to fuel a single flight increased from 2.1 million Naira in January to 7.6 million Naira. The significant rise reflects the escalating operational costs currently affecting the Nigerian aviation sector.
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Business · The Punch ·
NGX extends trading hours, market now closes at 4pm
The Nigerian Exchange Group has announced an extension of its daily trading hours. With this new operational schedule, activities on the stock market will now conclude at 4:00 PM. The adjustment alters the daily closing time, allowing market participants an extended window to conduct their financial transactions.
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Business · BusinessDay ·
Meet Nabilah Sani-Mohammed, the amazon bridging Nigeria’s energy gap with private capital
Nabilah Sani-Mohammed is leading initiatives to address Nigeria's ongoing energy deficit through the strategic use of private capital. Her work focuses on attracting and deploying private investments to improve the nation's energy infrastructure and provide more reliable power solutions.