Category: Business
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WEST AFRICA CINEMA BOOMS TO N15.6 BILLION IN 2025
Picture this: 2.79 million movie fans packing 122 cinemas across West Africa, pumping N15.6 billion into the box office—Nollywood and Hollywood in a nail-biting photo finish for dominance. FilmOne Entertainment crunched the numbers: 248 new releases, average ticket at N5,596, with 16 blockbusters smashing N200m and 14 Nollywood flicks topping N100m. ‘Behind The Scenes’ ruled…
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MOROCCO SLAMS FREEZE ON SARDINE EXPORTS TO SHIELD LOCAL PLATES
Can’t get your favorite tinned sardines in Morocco? Starting February 1, the kingdom’s hitting pause on frozen sardine exports to tame skyrocketing prices and secure supplies for households hooked on this coastal staple. Fisheries chief Zakia Driouich announced the ban Wednesday, sparked by plunging catches—2024 landings crashed 46% to 525,000 metric tons—while pelagic fish like…
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SWEET POTATO PRICES PLUMMET 100% IN BAUCHI MARKET GLUT
From feast to famine for farmers: Sweet potatoes crashing over 100% at Bauchi’s Wunti Market—medium bags now N5,000 (down from N15,000), baskets N500 (from N2,000)—thanks to bumper supplies and weak demand. NAN checks revealed poor patronage amid cereal/perishable price drops this harvest. Grocer Malam Baba Ahmed at Wuntin Dada blamed ample food alternatives: “Last season…
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GTCO RAISES N10BN VIA PRIVATE PLACEMENT – CBN & SEC APPROVED
Big banks stacking cash: GTCO just got the green light from CBN and SEC to pocket N10 billion through a private share placement—right on the heels of smashing new capital rules. The holding company announced Tuesday it’s issuing 125 million ordinary shares at N80 each in a “best efforts” deal, closing December 31 (pending final…
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NIGERIA SCORES $4.60BN BOP SURPLUS IN Q3 2025 – CBN
From red ink to black gold: Nigeria flipped the script on its balance of payments, posting a massive $4.60 billion surplus in Q3 2025 after a prior deficit—fueled by trade wins, diaspora cash, and investor love. The Central Bank of Nigeria dropped the good news today, crediting a $3.42 billion current account surplus. Goods exports…
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MOROCCO SUPERCHARGES TANGIER MED PORT FOR 2030 WORLD CUP – DOUBLING TO 60K PASSENGERS DAILY
Tangier Med Port Authority’s Hicham Kharoufi revealed big expansion news Monday during an African journalists’ tour: Passenger terminal upgrades by 2028-29 to slam through 60,000 daily visitors up from 30,000 now as Morocco (co-hosting with Spain, Portugal) ramps up for the 2030 FIFA World Cup influx. This Strait of Gibraltar juggernaut – opened 2007, 40km…
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LAGOS PORTS GEAR UP: 23 SHIPS JAM-PACKED WITH FUEL, FOOD & GOODS HIT APAPA/TIN-CAN DEC 29-31!
Nigerian Ports Authority dropped the hot Shipping Position update Monday: 23 vessels stuffed with buck wheat, bulk fertiliser, crude oil, containers, diesel, fuel oil, bulk urea, aviation fuel, petrol and more are barreling into Lagos’ Apapa and Tin-Can Island Ports from today through New Year’s Eve – trade turbocharge alert! Three already docked, queuing to…
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ONDO DEEP SEA PORT REVIVED: FG HANDOVERS LICENCE TO UNLOCK TRADE, JOBS & SOUTH-WEST BOOM!
Marine & Blue Economy Minister Dr. Adegboyega Oyetola handed Gov. Lucky Aiyedatiwa the revalidated Ondo Deep Sea Port licence Monday in Abuja – a game-changer fixing past naming glitches, igniting Ondo’s Atlantic corridor as Nigeria’s fresh export hub to slash port congestion, spike non-oil trade, manufacturing, FDI, and regional integration! Oyetola hailed it as a…
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NIGERIA-CHINA SEAL MoU TO LOCALIZE CNG & EV INFRA – JOBS, TECH TRANSFER & FUEL CRISIS BUSTER
Pi-CNG Executive Chairman Ismaeel Ahmed locked in a powerhouse MoU with China’s You Jie Te Environment Technology Ltd (YJT) after touring factories in Chengdu/Hangzhou – greenlighting local manufacturing of CNG dispensers, refuelling stations, EV chargers, and IoT-smart monitoring to slash Nigeria’s petrol import bills (N1.6T yearly) and ignite the Presidential CNG Initiative’s 1M+ vehicle conversion…
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BEHIND THE SCENES EXPLODES TO N512M IN WEEK 2, SHATTERS NOLLYWOOD RECORDS
Funke Akindele’s ‘Behind The Scenes’ owned Nigerian cinemas in its second weekend, raking a jaw-dropping N512 million to claim top spot and blitz past the N500m barrier faster than any Nollywood flick ever—distributed by FilmOne Entertainment, this fame-exposing drama peels back glamour’s curtain on success highs, generosity traps and emotional tolls that hook audiences craving…
