Tuesday, September 27, 2022

BUSINESS

Food firm secures $30m funding to transform restaurants across Africa

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Vendease, an online marketplace for Africa’s food businesses, says it has raised 30 million dollars to transform restaurant businesses across Africa. Vendease which made this known in a statement issued in Lagos on Monday, said the money was raised in...

Prices of food continue to rise in August – NBS

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The National Bureau of Statistics (NBS) stated that prices of selected food items increased in August. This is according to the NBS Selected Food Prices Watch Report for August, released in Abuja on Saturday. It said that the average price of...

Port-Harcourt refinery to produce 60,000 barrels/day soon – Minister

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The Minister of State for Petroleum Resources, Timipre Sylva, has assured Nigerians that rehabilitation of the Port Harcourt refinery would soon be completed and that the plant would refine 60,000 barrels of crude by early 2023. Sylva gave the assurance...

Ethiopian Airlines wins multiple prestigious awards at SKYTRAX 2022 World Airline Awards

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…Moves 11 ranks up in the world’s top 100 airlines Ethiopian Airlines, the largest Aviation Group in Africa, has been named the winner of four awards at the SKYTRAX 2022 World Airline Awards, at a ceremony held in London on...

Nigeria records over $1.69bn exports to US in 2020 as Buhari seeks increase in...

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President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of ‘‘our most important diplomatic partners.’’ This, he said, underscored the need for concerted efforts to increase the volume of bilateral trade. Mr Femi Adesina, the...

AfDB approves $20m concessional investment for COVID-19

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The Board of Directors of the African Development Bank (AfDB) Group has approved 20 million U.S. dollars concessional investment to support the second phase of the COVID-19 Off-Grid Recovery Platform (CRP). This is contained in a statement issued by Olufemi...

Nigeria stock market loses N13bn in bearish trading

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Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday. Also, the All-Share Index lost 23.40 points or 0.05 per...

Regulators praise Dangote’s ‘Bag of Goodies Promo Season 3’

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The National Lottery Regulation Commission on Wednesday lauded Dangote Cement Plc for its commitment to giving back to customers through the ‘Bag of Goodies Promo Season 3.’ Principal Administrative Officer of the commission, Mr Afam Ojeh, praised the company in...

Naira loses again, exchanges 436.50 to dollar

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The Naira depreciated against the dollar at the Investors and Exporters window on Wednesday as it exchanged at N436.50. Wednesday’s rate represented a 0.06 per cent depreciation compared to the N436.25 for which the dollar exchanged on Tuesday. The open indicative...

Price of cooking gas increases by 101 per cent in one year — NBS

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Average price of 5kg cooking gas increased from N4,397.68 in July to N4,456.56 in August. The assertion was made by the National Bureau of Statistics (NBS), in its Cooking Gas Price Watch issued on Tuesday in Abuja. It noted that the...

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Mali stands firm against economic sanctions

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Mali's ruling military junta has appeared unflinching so far in the face of economic sanctions imposed a month ago by the country's West African...

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