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Tuesday, September 28, 2021
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    Inflation: Nigerians Groan As Hardship Bites

    As double-digit inflation persists in the country, Nigerians, especially the middle class, have called for immediate remedies, lamenting that indeed, the situation has rendered them poorer as indicated by the latest World Bank Nigeria Development Update report. The report, which...

    Naira Appreciates At N493/$1 In Parallel Market

    The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17...

    SHOPRITE LEAVES NIGERIA, SELLS BUSINESS TO KETRON INVESTMENT

    Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, it said on Wednesday, nearly 16 years after the SA retailer opened its first outlet in the country. Shoprite entered into a share purchase agreement with Ketron, a...

    AMCON drags 3,000 defaulters to court over N5tn debt

    The Asset Management Corporation of Nigeria is currently pursuing bad debts of about 3,000 debtors in various courts in the country. It disclosed this on Sunday in a statement titled ‘Recovery for N5tn debt burden, AMP scheme pivotal – AMCON...

    CEO Elon Musk said SpaceX’s making Raptor rockets at a rate of about “one every 48 hours.”

    CEO Elon Musk says SpaceX is building a Raptor rocket engine every 48 hours, disputing claims of a 'bottleneck' for the Artemis moon mission boosters SpaceX CEO Elon Musk on Saturday said his company had the capability to produce a...

    Naira devaluation: BDCs get dollars at N393, sells for N494

    Naira devaluation: BDCs get dollars at N393, sells for N494 Bureau De Change operators got the United States dollar from the Central Bank of Nigeria at N393 but sold it for N494 on Friday, an investigation by our correspondent has...

    Nigeria Signs Oil Deal To Unlock $10bn Investment

    Nigeria has signed an offshore oil deal with Shell, Exxon, Total and Eni, that the state says will generate millions, settle disputes and open the way to a $10 billion investment. The “Execution of Oil Mining Lease (OML) 118 (Bonga)...

    Uber Agrees World-First Union Deal For UK Drivers

    US ride-hailing giant Uber announced Wednesday a “historic” pact with a British trade union to represent its 70,000 drivers in the UK, after a court ruling granted them workers’ rights. The GMB union said the collective bargaining agreement “shows gig...

    Experts fear inflation as CBN further devalues naira to 410.25/$

    The Central Bank of Nigeria officially devalued the naira to 410.25/$ after the country’s currency defied all interventions to retain its value. However, experts have said that the last resort employed by the CBN to adopt the NAFEX Investor &...

    French Fashion Tycoon Bernard Arnault Becomes The World’s Richest Person

    French Fashion Tycoon Bernard Arnault Becomes The World’s Richest Person French fashion tycoon Bernard Arnault today crept ahead of Jeff Bezos to become the world’s richest man as his net worth climbed to $186.3billion. The chief executive of Moët Hennessy Louis...

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    Niger Delta contractors pleads with Buhari, Akpabio, Akwa to pay contractors 

    Niger Delta contractors pleads with Buhari, Akpabio, Akwa to pay contractors  A coalition of Niger Delta contractors have beckoned on...
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