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Business - Page 428

Nigerian Breweries To Borrow N25 billion Amid Financial Downturn

Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

Nigerian Breweries recorded N1.04 trillion in revenue between the first quarter (Q1) and the third quarter (Q3) of 2025, surpassing the N 710.87 billion posted in the first nine months of 2024, representing a 47.19 percent increase. The brewer announced the increase

December 24, 2025

Forensic Expert Confirms Forgery Of Buhari’s Signature To Withdraw $26m

Business·News

3 Ways To Lawfully Remove Emefiele Before New CBN Governor Cardoso Assumes Office

Hours after President Bola Ahmed Tinubu approved the nomination of Yemi Cardoso as new Central Bank of Nigeria (CBN) governor, Lagos-based Economic analyst, Rasaq Abiola, has called for caution in ensuring that the tenure of Godwin Emefiele is resolved before the new

September 16, 2023

Business·News

NCC’s Prof. Danbatta Honored With Prestigious NIL Fellowship

The Michael Imoudu National Institute of Labour Studies (MINILS) has recognized the outstanding contributions of Prof. Umar Danbatta, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), by bestowing upon him the prestigious Fellowship of the Nigeria Institute of Labour (NIL).

September 15, 2023

CBN Reforms Yielding Positive Returns As FX Transactions Surge To $800m, CBN Gov Assert

Business·News

Tinubu Approves Nomination Of Cardoso As CBN Governor, 4 Deputies

President Bola Tinubu has approved the nomination of Dr. Olayemi Cardoso as the new Governor of the Central Bank of Nigeria and four others. The appointment, subject to confirmation by the Senate, marks a significant development in Nigeria’s economic landscape. Announcing the

September 15, 2023

Business·News·World News

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

In a surprising turn of events, Bank of America has taken a bullish stance on Axcelis Technologies (ACLS), defying the recent market downturn and initiating coverage with a Buy rating. ACL Solutions (ACLS) had a mixed performance on Friday, September 15, 2023,

September 15, 2023

Maintaining Healthy Diet For Nigerians Surge From N703 To N786- NBS Reveals

Business·Finance & Economy·News

Nigeria’s Public Debt Soars by 75.27% in Q2 2023, Says NBS

In a stunning revelation, the Nigerian Bureau of Statistics (NBS) has confirmed that Nigeria’s public debt witnessed a staggering 75.27% growth on a quarter-on-quarter basis. The NBS made this startling announcement on Thursday as it unveiled its Domestic and Foreign Debt report

September 15, 2023

Nigeria’s Inflation Hits 33.69% In April As Costs Of Food, Others Continue To Rise

Business·Finance & Economy·News

Nigeria’s August Inflation Hits 25.80%- NBS Reveals

In a startling revelation, the National Bureau of Statistics (NBS) disclosed today that Nigeria’s inflation rate surged to a worrisome 25.80 percent in August, marking a significant uptick compared to the 24.08 percent recorded in July 2023. NBS officials, while presenting the

September 15, 2023

Business·Finance & Economy·News·World News

Russian Central Bank Governor Rejects Currency Controls, Advocates Economic Measures

Russian Central Bank Governor Elvira Nabiullina firmly rejects the idea of reintroducing currency controls following the recent interest rate hike to 13%. Nabiullina cautioned that such measures would prove ineffective and eventually be circumvented by the market. Russia has been grappling with

September 15, 2023

Business·News·Sports

Football Transfer News: Klopp Unperturbed By Saudi January Interest In Liverpool’s Salah

Liverpool manager Jurgen Klopp is not fazed about the possibility of Egyptian forward Mohamed Salah being targeted by Saudi Arabian rich clubs once again when the winter transfer window opens in January

September 15, 2023

Business·News·World News

Ardonagh’s £1.2 Billion Insurance Sale Fuels CEO’s Expansion

In a strategic move, the Ardonagh Group is selling its personal insurance business, Atlanta Group, in a deal valued at £1.2 billion. This sale not only marks a significant shift in the company’s portfolio but also provides CEO David Ross with an

September 15, 2023

Business·News

5 Metrics Of UBA’s Record H1 Profit Surge

United Bank for Africa Plc (UBA) has unveiled its 2023 half-year financial report, showing a meteoric rise in profit. “We’re witnessing a remarkable transformation here,” said Oliver Alawuba, the group managing director/chief executive officer at UBA, as he spoke of the bank’s

September 15, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 428

Nigerian Breweries Generated N1.04trn From Drink Sale In Nine Months

3 Ways To Lawfully Remove Emefiele Before New CBN Governor Cardoso Assumes Office

NCC’s Prof. Danbatta Honored With Prestigious NIL Fellowship

Tinubu Approves Nomination Of Cardoso As CBN Governor, 4 Deputies

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

Nigeria’s Public Debt Soars by 75.27% in Q2 2023, Says NBS

Nigeria’s August Inflation Hits 25.80%- NBS Reveals

Russian Central Bank Governor Rejects Currency Controls, Advocates Economic Measures

Football Transfer News: Klopp Unperturbed By Saudi January Interest In Liverpool’s Salah

Ardonagh’s £1.2 Billion Insurance Sale Fuels CEO’s Expansion

5 Metrics Of UBA’s Record H1 Profit Surge

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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