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in BusinessJulius Berger Pays ₦5.2bn Dividend as Shareholders Hail New Leadership at 55th AGM
Shareholders of Julius Berger Nigeria Plc expressed strong optimism and support for the company’s new leadership at its 55th Annual General Meeting (AGM) held at the Shehu Musa Yar’Adua Centre in Abuja on Thursday. The gathering marked the first AGM under the stewardship of the new Board Chairman, Engr. Goni Sheikh, and Managing Director, Engr. […] More
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in BusinessWhy Dangote Refinery Sells Fuel Above NNPC Rates in Lagos
MRS Oil Nigeria Plc, a key distributor of Dangote Refinery’s petroleum products, sold fuel at a higher price than the Nigerian National Petroleum Company Limited (NNPC Ltd), North West, Total and Mobil in Lagos. Investigation by New Telegraph yesterday showed that MRS Filling Stations sold fuel at N925 per litre, which NNPC Ltd owned stations […] More
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in BusinessReal Fact: Why Many Nigerians Are Leaving University to Launch Businesses
Faced with prolonged degree timelines and uncertain job prospects, many young Nigerians see greater value in hands-on learning, early revenue generation and direct connections with investors. From technology incubators on campus to social-media marketplaces that demand little capital, the barriers to launching a venture have never been lower. Below are 7 factors behind the surge […] More
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BREAKING: Nigeria Rakes in ₦1.90 Trillion from Raw Cashew Exports
Cashew nut export has earned Nigeria N1.90 trillion (around $1.189 billion) in four months. It was revealed that processed cashew nuts in Vietnam and India was valued at between $6,500 per tonnes, leading to a shortage of $4,000 per tonne for Nigerian exporters whose unprocessed nut are sold between $1,500 and $1,700 per tonne. A […] More
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in BusinessMore Nigerians Will Build Refineries in the Next 10 Years – Babalola
A retired Deputy Director of the now defunct Department of Petroleum Resources (DPR), Engineer Sunday Babalola, who is currently Technical Advisor, Green Energy International Limited (GEIL), in this interview with SUCCESS NWOGU, ex-rays the oil and gas sector as well as the general economic development in Nigeria The Federal Government recently gave information that Nigeria […] More
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Academic Staff Union of Universities (ASUU) Accuses Bauchi Varsity Of Breaching MoU
The Academic Staff Union of Universities (ASUU), Sa’adu Zungur University, Bauchi branch, has accused the university management of failing to implement the terms of a Memorandum of Understanding (MoU) reached six months ago to suspend an indefinite strike. The union, in a communiqué issued at the end of its congress, expressed dismay over what it […] More
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New N6.98 USSD Charge Won’t Affect Airtime Recharge – MTN Assures
Subscribers to MTN’s USSD services have been assured that the recently introduced N6.98 per session charge will not affect airtime recharges or lead to double deductions. • Billing now deducted from airtime instead of bank accounts • Operators to ensure transparency, avoid double billing MTN Nigeria’s Chief Enterprise Business Officer, Lynda Saint-Nwafor, gave this assurance […] More
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in BusinessNGX: Transactions Soar by 126.2% as GTCO, Beta Glass Lead Activity
Transactions on the floor of the Nigerian Exchange (NGX) surged significantly during the past trading week, as investors exchanged 3.566 billion shares valued at N115.403 billion in 99,960 deals, representing a 126.2 per cent increase from the previous week’s turnover. • 3.566 billion shares worth N115.4bn traded in one week • All-Share Index hits 118,138.22 […] More
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in BusinessSouth East States Receive Over ₦104bn in VAT Allocation Despite Generating ₦28bn in Q1 2025
New figures released from the Federation Account Allocation Committee (FAAC) reveal that South East states collectively generated ₦28.38 billion in Value Added Tax (VAT) during the first quarter of 2025, but received a significantly higher ₦104.5 billion in VAT disbursements. The data, compiled by economic insights platform Statisense, highlights the revenue redistribution mechanism of the […] More
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CBN Introduce New Transitional Measures For Banks
The Central Bank of Nigeria (CBN) has introduced new transitional measures for a select group of banks still winding down from temporary regulatory support granted during the COVID-19 pandemic. These measures, which include restrictions on dividends and bonuses, are aimed at helping affected banks retain earnings and build stronger capital buffers. “These steps are part […] More
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CAC Announce Plans To Increase Service Fees
The Corporate Affairs Commission (CAC) has announced plans to review the fees for some of its services effective August 1, 2025. In a public notice issued on Tuesday, the commission said the decision was informed by current economic realities and the rising cost of operations. “The commission wishes to inform the general public, esteemed customers, […] More
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Guaranty Trust Bank (GTBank) Introduce New Update That Will Impact All Customers
Guaranty Trust Bank (GTBank) has begun charging the ₦6.98 Unstructured Supplementary Service Data (USSD) fee directly from customers’ airtime balances, ending the practice of debiting bank accounts for the service. In text messages sent early Wednesday, the lender informed customers that the new billing model takes effect immediately. “Dear Customer, please be informed that effective […] More
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