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Jara, Konga’s Annual Campaign Sparkes Excitement as Shoppers Get 50% Discounts

Konga’s annual Jara campaign has sparked excitement among Nigerian shoppers, offering timely discounts of up to 50% across various product categories. The initiative, themed “Confam New Year Deals,” has emerged as a vital lifeline for consumers navigating the financial challenges typical of January. Market analysis shows a significant surge in essential household purchases, with electronics, […]

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Business

Ecobank Partners CreditCorp to Offer Affordable Financing to Customers

Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans can be used to finance a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchase & repairs, asset purchase, and more. The program is available to civil servants and […]

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Business

Dangote Cement, FBN Holdings, others Lift Equity Market by N53bn

The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53 billion, or 0.09 per cent rising […]

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Financial

NITDA, NFIU Mull Collaboration to Easy Nigeria Out of Anti-Money Laundering, Terrorism Financing Grey List

Nigeria is perfecting plans to easy itself out of the grey list of the anti-money laundering, terrorism financing  by May 2025 through National Information Technology Development Agency (NITDA), which has gone into collaboration with the Nigeria Financial Intelligence Unit (NFIU) for the development and implementation of Project Exit: Upgrade of NFIU Data Management System and […]

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Economy

Osun Takes Lead Creative Economy Initiatives, Set to Host  2025 SDG Conference

Creativity, innovation, and culture will take centre stage as the Osun State SDG Creatives Conference 2025 kicks off from 28th to 30th January at the SDG Skill Acquisition Centre in Iragbiji, Osun State Themed “Innovate, Create, and Transform: Unlocking the Creative Economy for Sustainable Development,” the event aims to highlight the vital role creativity plays […]

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Business

Nigeria Signs $2m Grant Agreement with US to Expand Fibre Optic Network by 90,000km 

Nigeria is set for a major enhancement in its digital infrastructure, following the signing of a $2 million grant agreement between the US and Nigerian governments to expand the African country’s fibre optic network by 90,000 kilometers. This was announced during the first-ever US-Nigeria technology dialogue held in Washington, DC on 10 January 2025. US Deputy Secretary of […]

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Business

More Marketers Join Ardova, Heyden in Dangote Refinery Bulk-Purchase Incentives

Attracted by the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery, more oil marketers in the country are jostling to be listed as beneficiaries of the agreement. The bulk-purchase agreement, the petroleum marketers reasoned, offers a guaranteed price stability as against purchase from depot owners whose price is opened to incessant upward review […]

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Business

Scania, SKF and LOTS Group Launch Route for Battery Electric Trucks

Scania, SKF, and LOTS Group are collaborating to promote sustainable logistics by launching one of Europe’s longest routes for battery electric vehicles (BEVs). The route, operated in partnership with Ahréns Åkeri, is expected to significantly reduce emissions. The goal is to achieve a 97% reduction in carbon dioxide emissions (WtW) while optimising transport efficiency, with […]

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Business

First Bank Denies Abusing Court Process in Hydrocarbons Case, Assured Customers of First-class Services

First Bank of Nigeria Limited has denied has abusing court process in its legal battle with General Hydrocarbons Limited (GHL). In a statement released, the bank described media reports on  the abuse of  court processes as failed and misleading stating that had fulfilled its obligations under the loan agreements. Explaining what transpired, the bank said: […]

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FinTech

Amazon Web Services Local Currency Strategy Deepens Unveils Naira as Latest, Expected to Boost for Businesses in Nigeria

AWS is to start accepting payments in Nigeria Naira as part of a broader initiative by the company to incorporate eight new local currencies. Amazon Web Services (AWS) has added the Nigerian Naira and several other currencies to its payment catalogue, a move aimed at simplifying financial transactions for businesses. This development is part of […]

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