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Airtel Africa to Take $1.3bn Revenue Hit From Naira Devaluation
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Airtel Africa, will be impacted negatively to the tune of $1.3 billion on its revenues and $740 million on EBITDA, over the next four...
Insurers Rake in N151.09bn Gross Premium in First Quarter
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The largest and most capitalised insurers Africa’s most populous nation generated a total of  N151.09 billion in gross premium written (GPW) in the first...
Olx Sacks Over 800 Workers Globally
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Olx Group, on online marketplace and classifieds business arm of Prosus, has announced the reduction of approximately 800 jobs globally.
The company has begun closing...
Emefiele Arraigned In Court Over Misappropriation Of Funds
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Suspended Central Bank of Nigeria governor Godwin Emefiele was arraigned in court on Tuesday over criminal charges, including misappropriation of funds.
Emefiele was suspended by...
Alibaba CEO Daniel Zhang To Step Down
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Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as...
FCMB Hits 1.50 million Digital Customers, Rakes N10 billion Revenue
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In recent years, First City Monument Bank (FCMB) Plc Group has invested in the latest technology with a view to bolstering its online lending...
President Tinubu Sacks Service Chiefs, IGP, Names Replacements
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President Bola Ahmed Tinubu has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police.
The President also retired all Advisers, Comptroller-General...
CBN Lifts Restriction On Domiciliary Accounts, Allows $10k Withdrawals
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Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on new guidelines in the foreign exchange market, an extraordinary Bankers'...
Julius Berger’s Harbours Strong Growth Potential on Liquidity Position
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Julius Berger Nigeria Plc’s high working capital that signals it has the financial resources to meet all of its short-term obligations harbours the potential...
Naira Devaluation to Boost FAAC Allocations for Cash Strapped Nigerian States
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Nigeria's 36 sub nationals or States will have more reason to smile in the coming months as the devaluation of the Naira should lead...