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NNPC Clarifies Role in Dangote Refinery Operations Amid MURIC Claims

In light of growing concerns regarding the relationship between the Nigerian National Petroleum Company Limited (NNPC Ltd) and the Dangote Refinery, the NNPC has issued a formal clarification to dispel rumors about its involvement in the refinery’s product pricing and distribution strategy. The concerns, raised by the Muslim Rights Concern (MURIC), suggest that recent changes […]

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Economic Challenges Weaken Nigeria’s Manufacturing Sector: Contribution to GDP Falls by 20.95%

Nigeria’s manufacturing sector has faced significant economic Economic Challenges Weaken Nigeria’s Manufacturing Sector: Contribution to GDP Falls by 20.95%challenges in recent times, as evidenced by a notable decline in its contribution to the Gross Domestic Product (GDP). According to data from the National Bureau of Statistics (NBS), the sector’s contribution dropped by 20.95% in the […]

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Pictured from left: Dr. Sunday Mukoro, Managing Director of Coscharis Technologies Limited, and Mr. Olugbenga Adewale, Enterprise Sales Director for Central Africa at Vertiv, during the signing ceremony for a new distribution partnership between Vertiv and Coscharis Technologies in Lagos.
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Vertiv Partners with Coscharis Technologies to Enhance IT Infrastructure in Nigeria and Ghana

In a strategic move to strengthen IT infrastructure and digital solutions in West Africa, Vertiv, a global leader in critical digital infrastructure and continuity solutions, has partnered with Coscharis Technologies. This collaboration aims to expand Vertiv’s presence in Nigeria and Ghana, enabling customers to access advanced IT infrastructure solutions that cater to businesses of all […]

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MTN Group’s stock performance chart showing a 3.94% increase on September 5, 2024.
Business News Stock Market

MTN Group’s Stock Surges 3.94% on JSE

MTN Group (JSE: MTNJ) has once again proven its resilience in the telecom market with an impressive 3.94% rise in its stock price, closing at 8758 ZAR on the Johannesburg Stock Exchange. With over 4.68 million shares traded on September 5th, MTN continues to capture the attention of both institutional and retail investors. But what’s […]

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Nguvu Health and Axal Mansard partner to provide increased access to healthcare.

In Africa, mental health professionals are scarce, with only 1 psychiatrist per 500,000 Africans, which is 100 times less than the recommended number. In Nigeria, the figures are even lower, with only 300 psychiatrists for the over 50 million people that suffer from mental disorders. According to the World Health Organisation, Africa is home to 6 of the […]

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Spotify cancels 11 podcasts, trims down 5% of podcast workforce

Spotify is scrubbing off 11 of its original podcasts from its podcast streaming platform, to enable it focus on more popular hit podcasts. The canceled podcasts will be products of Parcast and Gimlet, podcast studios which were acquired by Spotify in 2019. The move will also see Spotify cut down the size of its podcast […]

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Kippa receives License from the Central Bank of Nigeria

Nigerian fintech startup Kippa announced today that it has received a Super-Agent banking license from the Central Bank of Nigeria, fostering its ambition to make it easy for anyone to start and run profitable small businesses in Africa. A Super-Agent is a corporately licensed entity empowered to conduct certain banking activities within the community such […]

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Elon Musk justifies request to terminate the $44 billion Twitter acquisition deal

Elon Musk, CEO of Tesla, has once again justified his request to cancel the $44 billion Twitter acquisition deal. This time, the billionaire cites recent claims by a former security head of the social media firm that back up his position on the number of spam accounts on Twitter. In a complaint filed last week, […]

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Moneymie has shut down its digital bank for immigrants to focus on B2B services

Moneymie suspended its digital bank service, which allowed African immigrants in North America to send and receive money from Nigeria, Ghana, and South Africa, on August 9, 2022. Although Moneymie is discontinuing its B2C services, the fintech company announced that it will focus on cross-border payments and payouts for business users through its B2B platform […]

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Binance will use its innovative crypto hub to support crypto education in Cameroon.

With up to 23 African governments banning cryptocurrency, the future of crypto in Africa has been a rising concern. Despite this, Binance, the world’s largest crypto exchange platform by volume, is pushing for increased cryptocurrency adoption on the continent. To this end, the cryptocurrency infrastructure provider has launched a crypto education hub in Yaounde, Cameroon, via a […]

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