Energy

Nigeria exports N23bn electricity and local consumers lament the power outages

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July 6, 2023
Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities. The latest data on the remittances by international customers, obtained from the Nigerian Electricity Regulatory Commission in Abuja, showed that Nigeria continued its export of…
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Market

Investors grab N441bn as the stock market rebounds

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July 6, 2023
Nigeria’s equity market posted a strong rebound on Wednesday as investors gained N441bn at the close of the day’s trading session. The All-Share Index went up 1.33 per cent to 61,523.57 points by close of trading, a significant improvement to the previous day’s record…
FintechTechnology

How to obtain invite to Meta’s new app, Threads

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July 6, 2023
Giant tech company, Meta, will officially launch its own microblogging app, Threads on Thursday. With the structure of its service, Threads will ultimately serve as a competitor to the popular social media platform, Twitter. The launch comes in the wake of a new feature introduced by the latter, which limits the number of tweets users can see per day. While the Threads app is yet to be available…
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Banking

Zenith Bank leads Nigerian lenders in new global ranking

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July 3, 2023
Zenith Bank Plc has retained its ranking as the ‘Number One Bank in Nigeria by Tier-1 Capital’ in the 2023 top 1,000 world banks’ rankings published by The Banker Magazine. The bank had held its position as the number one Tier-1 bank in Nigeria for the fourteenth year…
Banking

Expert tasks CBN on exploitative bank charges

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July 3, 2023
Mr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria to check the multiplicity of service charges by Deposit Money Banks. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria, made the appeal in an interview on Sunday in…
Fintech

Google’s first West Africa director resigns

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July 3, 2023
Google’s first West Africa Director, Dr. Juliet Ehimuan has announced her departure from the company. She made the announcement on LinkedIn on Friday where she expressed her intention to pursue a broader role within the regional technology landscape. Before her appointment as Google’s West Africa Director,  she served as the company’s Country Director for Nigeria. During her time as…
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Transportation

Lekki port receives first transshipment vessel

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June 30, 2023
The management of Lekki Deep Seaport has announced the arrival of Rimbaud, the first transshipment vessel to call at the container terminal of the deep seaport. A statement by the port said that the vessel owned by CMA CGM shipping company, arrived at the terminal on…
Brands & PeopleRestaurant

Firm gets global recognition

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June 30, 2023
Hospitality firm, Lagos Continental says it was recently recognised at the Hotel Managers Awards and World Chefs Championship 2023 Award. A statement by the firm said it was recognised as the Best Luxury Business Hotel in Nigeria at the 2023 Hotel Managers Awards, a…
Automobile

CFAO unveils auto parts office

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June 30, 2023
Automotive maintenance spare parts and accessories distributor, Winpart/AutoFast by CFAO, has announced the opening of its flagship office in Nigeria. The firm said in a statement that the new Winpart/AutoFast office in Victoria Island, Lagos, marked a significant milestone for the company as it expanded its presence in Nigerian market. Speaking on the launch of the flagship office, the General…
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