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Day: October 29, 2024

Moniepoint has raised $110 million in equity financing, achieving unicorn status in the process.
Business News

Moniepoint has raised $110 million in equity financing, achieving unicorn status in the process.

Web AdminOctober 29, 2024October 29, 2024
Its series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. Other new investors include Google’s Africa Investment Fund and Verod Capital. Global impact firm,...
Nigeria’s Internally Generated Revenue Grows to N2.43 Trillion in 2023
Business News

Nigeria’s Internally Generated Revenue Grows to N2.43 Trillion in 2023

Web AdminOctober 29, 2024October 29, 2024
Thirty-six states and the Federal Capital Territory (FCT) collectively generated N2.43 trillion in Internally Generated Revenue (IGR) in 2023, marking a significant growth rate of 26.03% from the N1.93 trillion...
Telecom Operators Face Subscription Drop of 64.3 Million Lines Following NIN Verification in Nigeria
Tech Business

Telecom Operators Face Subscription Drop of 64.3 Million Lines Following NIN Verification in Nigeria

Web AdminOctober 29, 2024October 29, 2024
The recent verification of National Identification Numbers (NINs) linked to mobile SIMs has resulted in a substantial reduction in the subscriber databases of Nigeria's major telecom operators. MTN, Airtel, Globacom,...
Transcorp Plc Reports Remarkable Q3 2024 Results
Business News

Transcorp Plc Reports Remarkable Q3 2024 Results

Web AdminOctober 29, 2024October 29, 2024
vLagos, Nigeria – Transcorp Plc has announced its unaudited Q3 2024 results, showcasing a striking 352% year-on-year (YoY) growth in profit before tax (PBT), reaching N34.566 billion. This impressive quarterly...
Rising Debt Profiles Among Nigeria’s SWOOT Companies: Challenges and Opportunities
Business News

Rising Debt Profiles Among Nigeria’s SWOOT Companies: Challenges and Opportunities

Web AdminOctober 29, 2024October 29, 2024
Lagos, Nigeria – As Nigeria's economic landscape shifts, the debt profiles of some of the country’s largest firms are reaching concerning levels. By mid-2024, eight companies within the SWOOT (Stocks...
SUBA Capital Launches Mobile App, Selected for Edo Innovates Challenge, Supported by Bill and Melinda Gates Foundation
news Sponsored Content

SUBA Capital Launches Mobile App, Selected for Edo Innovates Challenge, Supported by Bill and Melinda Gates Foundation

Web AdminOctober 29, 2024October 29, 2024
SUBA Capital, an innovative membership microfinance platform, is proud to announce its selection to participate in the highly converted Edo Innovates Challenge - a Co-creation HUB (CcHUB) program, in collaboration...

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Nigerian Equities Market Sheds N94bn as Investors Take Profit on Blue-Chip Stocks

Turkish Investors Eye Agriculture, Textiles, and Manufacturing in Abia

National Quality Conference, Awards Shifted to March 2026

Universal Insurance Posts 291% Profit Growth, Records ₦15.3bn Premium in 2024

Bitget Launches AI-Powered Trading Assistant in Nigeria to Boost Smart Trading

Alake Woos Global Investors at China Mining Conference, Says Nigeria’s Reforms Have Made Mining Sector Most Attractive in Africa

Real Madrid Edge Barcelona 2–1 in El Clásico Thriller to Go Top of La Liga

Dangote Seeks Additional $5bn for Lagos Refinery Expansion, Says Afreximbank President

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Despite Dangote Refinery, Nigeria Still Imported 69% of Petrol in 15 Months

Poor Regulation, Lack of National Water Safety Plan Fueling Boat Accidents — Maritime Research Group

NNPCL Urges NUPRC to Deepen Investment Drive in Deepwater Projects to Keep Nigeria Competitive

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