Category: Business
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Works Minister Unveils Highways Devt model Strengthening Parameters
From Lateef Taiwo Nigeria’s Minister of Works, Sen. Nweze David Umahi, has introduced parameters that would boost quality delivery and management of road infrastructure under the Public-Private-Partnership, PPP, arrangement known as Highway Development and Management Initiative, HDMI, and ensure efficient utilisation of the completed projects by road users. Umahi gave the indication during a meeting…
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Zulum, Bakari Pledge To Strengthen Nigeria/Cameroun Trade Relations.
***Commission Int’l Market, lay foundation For Cattle market In Banki Borno State Governor, Prof Babagana Umara Zulum and his counterpart from the far North Region of Cameroon, Midjinyawa Bakari, have commissioned the Banki International market and a teachers’ quarters. The two leaders equally laid the foundation for a new cattle market in Banki town. Governors…
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Unbearable cost: Table, sachet water producers down tools in Enugu
From Lateef Taiwo Association of Table, Sachets Water Producers (ATWAP) in Enugu State is to down tools and suspend production in all water producing factories due to unbearable high cost of production. This is contained in a statement issued by the Chairman of ATWAP Enugu State Chapter, Mr Tony Edike and its State Secretary, Sir…
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Anticipate Rising Prices as Businesses Depend More on Loans to Sustain Operations
Nigerians are on the brink of facing a surge in the prices of goods from major manufacturers due to an increasing reliance on loans to fund their operations. This shift has led to higher interest payments and an overall escalation in the cost of production. Investigations by Financial Vanguard reveal that major manufacturing firms, grappling…
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HAWUL AT A GLIMPSE 1
by Inuwa Bwala By the time I depart as the Chairman of Hawul Local Government Area of Borno state, I may have garnered enough imputes to write about the enclave and her people. But I want to start with a glimpse at the jinx that surrounded Azare, the local government headquarters, and how it is…
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UBS Downgrades Admiral Group Amid Concerns Over Rivals’ Margins Catching Up
Admiral Group PLC faced a setback as UBS analysts downgraded the insurer, citing expectations that competitors’ margins would catch up more quickly than anticipated. UBS noted the favorable operational backdrop of increasing UK motor prices and receding inflation. However, the bank expressed the belief that rivals’ margins would narrow the gap faster than previously imagined.…
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Manhattan Associates Inc. Introduces Enhanced Store Associate Experience with Manhattan Active Point of Sale
In a significant development, Manhattan Associates Inc. has revealed substantial upgrades to its Manhattan Active Point of Sale (POS) application, tailored to meet the dynamic demands of today’s store associates. The rejuvenated store app now boasts embedded clienteling capabilities, facilitating sales conversion and elevated service, along with ultra-fast checkout functionality and the ability to operate…
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Black Market Dollar to Naira Exchange Rate – 15th January 2024
By Milcah Tanimu The Dollar to Naira exchange rate at the black market, commonly known as the parallel market or Aboki fx, is as follows for 15th January 2024: – Buying Rate: N1275 – Selling Rate: N1285 These rates indicate that individuals buying a dollar at the black market can expect to pay N1275, while…
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“FCCPC Records Remarkable Revenue Growth, Remits N22 Billion to Federal Account”
The Competition and Consumer Protection Commission (FCCPC) has reported substantial growth in its revenue, reaching over N56 billion in 2023. The Executive Vice Chairman of FCCPC, Babatunde Irukera, shared this achievement during a media engagement in Abuja, highlighting that 90% of the Internal Generated Revenue (IGR) was derived from penalties imposed on non-compliant companies in…
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Nigeria’s External Borrowing Declines, Total Debt Hits N87.91tn
In a recent update from the Debt Management Office (DMO), Nigeria’s enthusiasm for foreign loans has waned, leading to a reduction in total public debt. As of September’s end, the nation’s overall debt increased marginally to N87.91tn, marking a 0.61% rise from the second quarter. Notably, there has been a significant drop in external debt,…