Category: Business
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SOLUDO APPOINTS PIONEER CEO FOR ANAMBRA INVESTMENT DRIVE
Anambra is making a bold economic move—new investment corporation, new CEO, big expectations. Gov. Chukwuma Soludo has appointed Nwabunwanne Okonkwo as the pioneer Chief Executive Officer of the Anambra State Development and Investment Corporation (ADIC), signaling a fresh push to attract investors and fund major projects. Okonkwo, a finance lawyer with over 16 years’ experience,…
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NOLLYWOOD THRILLER HITS GLOBAL STAGE WITH 7 NOMINATIONS
Before its official release, this Nigerian film is already making noise overseas. Nollywood political thriller “The Specialists” has landed a major international nod, securing selection and seven nominations at the International Black and Diversity Film Festival in Canada. Producer Paulgold Joseph said the recognition signals the film’s growing global appeal, even before hitting cinemas. Backed…
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TRANSPORT COSTS CHOKE NIGERIANS, IMF SOUNDS ALARM
From market stalls to motor parks, rising transport fares are quietly squeezing wallets—and the IMF says it’s getting worse. Nigeria’s cost-of-living crisis is deepening, with the International Monetary Fund warning that soaring transport costs are driving food prices through the roof. At the IMF/World Bank Spring Meetings in Washington, Abebe Selassie said higher fuel prices…
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DANGOTE SETS SIGHTS ON IPO, TO SELL 10% OF REFINERY
Africa’s biggest refinery is heading to the market — and investors could soon own a slice of Dangote’s $20bn oil giant. Washington D.C., April 16, 2026 — The Dangote Group has unveiled plans to sell a 10 per cent stake in its 650,000 barrels-per-day refinery through a Pan-African Initial Public Offering (IPO) in 2026. President…
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BREWERY SECTOR BOUNCES BACK — BUT NEW COST RISKS LOOM
Nigeria’s beer industry is back in profit after years of losses — but rising costs and new taxes could spoil the party. Lagos, April 16, 2026 — Nigeria’s brewed products sector returned to profitability in 2025 after years of losses, Nigerian Breweries Plc has said, even as consumers continue to feel the pinch of inflation.…
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AFCFTA: CBW AFRICA PUSHES FOR BIGGER WOMEN TAKEOVER IN AFRICAN TRADE
Africa’s biggest trade game is already on — and CBW Africa says women must stop watching from the sidelines and start playing to win. Lagos — The Commonwealth Business Women Africa (CBW Africa) is calling on more women across the continent to fully tap into opportunities under the African Continental Free Trade Area (AfCFTA). CBW…
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NIGERIAN BREWERIES STOCK SURGES 135% TO ₦2.33TRN AS PROFIT REBOUNDS
From red ink to strong returns — Nigerian Breweries just toasted a major turnaround on the stock market. Nigerian Breweries Plc says its market capitalisation jumped by 135% in 2025, rising from ₦991.5 billion to ₦2.33 trillion. Chairperson Juliet Anammah credited the surge to economic reforms, improved investor confidence, and stronger market conditions. She said…
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FG PUSHES E-PROCUREMENT, OPENS CONTRACT BIDDING TO PHONE USERS
Soon, you may not need Abuja connections to win a federal contract — just your phone and a fair process. The Bureau of Public Procurement says Nigeria’s long-awaited electronic procurement system is now underway, aimed at digitising how government contracts are awarded. Director-General Adebowale Adedokun disclosed this in Abuja during a visit by the Managing…
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NIGERIA STEPS UP BID TO HOST AU MONETARY INSTITUTE
Abuja wants the seat of Africa’s money future — and it’s putting everything on the table. The Central Bank of Nigeria says Nigeria has intensified efforts to host the African Union’s African Monetary Institute (AMI), positioning Abuja as a key hub for continental financial integration. CBN Governor Olayemi Cardoso made this known at the IMF/World…
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RMAFC, INTERIOR MINISTRY TEAM UP TO COURT INVESTORS, BOOST REVENUE DRIVE
When revenue meets security and migration policy, the goal is simple make Nigeria more attractive to investors and harder for leakages. The Revenue Mobilisation Allocation and Fiscal Commission and the Federal Ministry of Interior Nigeria have joined forces to strengthen revenue mobilisation and attract more foreign investment into the country. RMAFC Chairman Mohammed Shehu disclosed…
