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Latest news on business in Nigeria - Page 19

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Nigeria’s Social Commerce Sector To Hit $5.04bn By 2028 – Report

“Nigeria Social Commerce Market Intelligence and Future Growth Dynamics Databook – Q2 2023 Update” report has unveiled a dynamic trajectory for Nigeria’s social commerce industry. Bucking expectations, the sector is poised for an astonishing annual growth rate of 43.3%, projected to catapult the industry to
September 19, 2023
NCC Pledges Support To Meta's 2Africa Cable Landing Initiative
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Investments In Nigeria’s Telecom Sector Hit $77bn In Q2 2023 – NCC

Prof. Umar Danbatta, the Executive Vice-Chairman of the Nigeria Communications Commission (NCC) on Saturday, announced that Nigeria’s telecommunication sector has experienced a surge in investment, thereby contributing significantly to the nation’s GDP. Speaking at a media parley, Danbatta disclosed that investments
September 16, 2023
5 Metrics Of UBA’s Record H1 Profit Surge
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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
Arm's Nasdaq Debut Surges, Valuation Tops $65bn
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Arm’s Nasdaq Debut Surges, Valuation Tops $64bn

In a remarkable Nasdaq debut on Thursday, chip designer Arm saw its shares soar, closing at $63.59 per share, a significant increase from the $51 offer price just the evening before. This surge in stock price not only valued the SoftBank-backed company
September 14, 2023
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