Category: Business News
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Kagame, Okonjo-Iweala, Ghebreyesus, Elumelu, others for UBA Africa Conversations 2021
The UBA Africa Conversations 2021: Join Africa’s Global Leaders – President Kagame of Rwanda, WTO’s Ngozi Okonjo-Iweala, UBA’s Tony O. Elumelu, WHO’s Dr Tedros Adhanom Ghebreyesus, IFC’s Makhtar Sop Diop, to Celebrate Africa Day at the UBA Africa Conversations 2021 The United Bank for Africa (UBA) Plc, is set to celebrate this year’s Africa Day…
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Dangote Cement restates commitment to closing demand-supply Gap
Following the surge in demand for cement products in the country, Dangote Cement Plc has restated commitment in meeting the demand gap in order to ensure the availability of Cement products in all nooks and crannies of Nigeria and beyond. Speaking to the media yesterday in Lagos, Dangote Cement’s newly appointed Group Chief Sales and…
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BREAKING: Nigeria’s inflation rate drops to 18.12%
Nigeria’s rate of inflation dropped to 18.12 percent in April 2021, the National Bureau of Statistics (NBS) said on Monday TheNewsGuru.com, TNG reports that the nation’s inflation figure was 18.17 per cent in March, shedding 0.05 per cent to close at 18.12 in April. According to the NBS: “The Consumer Price Index, which measures inflation…
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Alleged N150bn revenue shortfall: Suspended NPA MD, Hadiza Bala Usman breaks silence
Suspended Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has responded to allegations contained in the Minister of Transportation, Rotimi Ameachi’s letter to President Muhammadu Buhari on alleged shortfall in the NPA’s remittance records to the Federal Government coffers to the tune of N150bn. TheNewsGuru.com, TNG reports that Usman was suspended on…
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BREAKING: Buhari suspends Hadiza Bala Usman as NPA MD, picks successor
President Muhammadu Buhari has suspended the Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman. TheNewsGuru.com, TNG reports that she was first appointed in 2016 following the sack of Habib Abdullahi whose second term was terminated by President Buhari. No reason was given for the suspension of Bala Usman who was reappointed for…
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Transcorp Delivers Across Portfolio, Significantly Increases Electricity Generating Capacity to 2000mw
Shareholders salute strong Q1 2021 performance boost of profit by 2,427% Transcorp stock held by over 300,000 shareholders demonstrates leadership, resilience and commitment to Nigerian economy Shareholders of Nigeria’s leading diversified conglomerate, Transnational Corporation of Nigeria Plc (“Transcorp”), showed their strong confidence in the Board and management, at the Group’s 15th Annual General Meeting (AGM),…
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Our First Bank loan is being serviced, reduced by 30% – Honeywell Group
The Honeywell Group has said that its loan with First Bank is being serviced as the conglomerate had reduced the facility by 30% in the last two and half years. This was disclosed by the Group in a statement issued on Sunday. According to the statement, the company and the bank have had a professional…
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FG does not understand how technology-start ups make money, only to borrow from CBN – Chidoka
Former Minister of Aviation, Osita Chidoka, on Saturday said the Federal Government does not have a grasp of how technology start-ups make money. Mr Chidoka, who is a member of the opposition Peoples Democratic Party, was speaking at The Platform, a televised event hosted by the Senior Pastor of Covenant Nation, Poju Oyemade and which…
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Why we can’t increase electricity tariff in May – Minister
The Minister of Power, Engr. Sale Mamman, has dismissed rumours of a major hike in electricity tariff, clarifying there is no plan to significantly raise tariff. In a statement in Abuja, the Minister said instead of significant hike in electricity tariff, Nigerians should expect an increase efficiency in the sector to reduce tariffs while managing…
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Photo: Excitement as Anambra Airport records maiden flight
Maiden flight on Friday landed at the newly constructed Anambra International Cargo Airport , Umueri, done by the Anambra State Government. The two aircrafts; Boeing 737 mark N5,-BUJ and Embraer 145 both owned by Air Peace Airline landed by 2.26pm and 2.46 pm respectively. Governor Willie Obiano of the state, who addressed excited Anambra people…