Category: Business
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CHINA SLAMS TRUMP’S VENEZUELA OIL CLAIM—LATAM CHOOSES ITS OWN PARTNERS!
President Trump telling oil execs that China and Russia can only buy Venezuelan crude under U.S. control? Chinese Foreign Ministry spokesperson Mao Ning fired back Monday, stressing Latin American nations are sovereign and free to pick their trade buddies, no strings attached! At the daily briefing, Mao dismissed the reports, vowing Beijing’s unwavering commitment: “No…
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16 FUEL SHIPS STORM LAGOS PORTS: PETROL, DIESEL INCOMING
Picture massive ships queuing up at Lagos docks, loaded with enough petrol, diesel, and aviation fuel to keep Nigeria’s engines roaring—no fuel scarcity panic needed Lekki, Tincan, and Apapa ports welcomed 16 vessels Thursday ready to unload, per Nigerian Ports Authority Shipping Position report. Eight others already offloading containers, diesel, urea, and crude. 40 more…
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WOOD EXPORT BAN IGNITES NIGERIA’S FURNITURE BOOM IN 2026!
Imagine raw wood logs trapped at home, fueling factories instead of foreign ships—MAN’s Wood Sector boss Ngozi Oyewole just declared this Federal Government ban a game-changer, turning Nigeria’s timber trade into a value-added powerhouse!Oyewole hailed the policy for flooding local manufacturers with cheap raw materials, sparking jobs, industrial growth, and eco-smarts—shifting from raw exports to…
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COLOURS OF FIRE BLAZES TO N102.7M—HOT NEW CINEMA FAVORITE
Fresh off the screen and already lighting up box offices—’Colours of Fire’ just crossed N102.7 million, proving Nigerian audiences crave bold, diverse stories that hit home. FilmOne Entertainment celebrated the milestone on Instagram, thanking fans for packing theaters and pushing this gem past the N100m mark since release, signaling Nollywood’s rising appetite for fresh voices…
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BEHIND THE SCENES SMASHES N1.77 BILLION—NOLLYWOOD’S BOX OFFICE QUEEN
Ever wonder what magic happens off-camera in showbiz? Funke Akindele’s ‘Behind The Scenes’ just proved Nollywood dreams pay off big, storming to N1.77 billion and owning the weekend chart. Distributed by FilmOne Entertainment, this drama unpacking ambition, success, and the emotional grind behind fame keeps packing cinemas nationwide—and even UK, Canada, US—with word-of-mouth fueling the…
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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…
