Category: Business
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Lagos middle-level Fresh Food Agro Hub in Mushin
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This is the season of demolitions up and down Lagos and the majority of these houses pulled down were either sold by wayo real estate companies, fraudulent developers or dubious sellers. To help prevent your own house from being demolished in future, these are 25 Warning Signs to Help You Avoid falling victim to Fraudulent…
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Three Crowns Milk, a leading dairy brand from FrieslandCampina WAMCO, is proud to announce the introduction of the Three Crowns Smallie pack—a compact 69g pack of tasty and nourishing evaporated milk, in a triangular carton pack. The term “smallie”, describes the benefits of the product which are; convenient, single-use, affordable and no storage required. With…
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The naira crashed against the dollar on Monday, falling to 1, 030/$ on the average in the parallel market, losing the momentum it gathered last week. This represents a N80 loss or a 8.42 per cent decline of the local currency compared to the N950 it closed the week at last Friday. This is also…
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Six manufacturing companies have suffered a combined loss of N166.3 billion in their nine months financial results for the period ended September 31, 2023. The companies listed on the Nigerian Exchange Limited are Nestle Nigeria, Cadbury Nigeria, Dangote Sugar Refinery, Nigerian Breweries, International Breweries and Champion Breweries. LEADERSHIP reports that rising interest rates and naira…
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The Nigeria Customs Service, Area 2, Onne, Rivers State, said on Friday that it generated a total sum of N246 billion in ten months. The Comptroller of Customs in the command, Comptroller Baba Imam, disclosed this to newsmen at a briefing in Onne, Eleme Local Government Area of the state. Imam said the command raked…
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Fidelity Bank, a Nigerian commercial bank, has blocked neobanks like OPay, Palmpay, Kuda, and Moniepoint over concerns that their lax KYC processes are leading to increased fraud cases. Nigerian commercial bank Fidelity Bank is restricting consumer fund transfers to neobanks, including Moniepoint, Kuda, OPay, and PalmPay, said multiple sources with direct knowledge of the matter.…
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The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it closed last week. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), also known as the Importers and Exporters window, the naira depreciated last…
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Mike Adenuga loses $300 million as net worth further declines to $3.3 billion Mike Adenuga, the Chairman of Conoil and the founder of Globacom, has experienced a notable setback, with a $300 million decrease in his net worth, now estimated at $3.3 billion at the time of this report. Just three months ago, in July,…
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On the instruction of the Honourable Commissioner for Environment, @tokunbo_wahab, Alaba International Market, Ojo has been sealed up for poor waste disposal practices, failure to pay their waste bills and gross environmental sanitation offences. By Jubril A. Gawat