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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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  • Mecure Industries Posts 177% Profit Growth, Reports N6.46bn PAT
  • Peppe Terra Encourages Home Chefs to Elevate Their Cooking
  • Dangote Signs Deal to Supply 65 Million Litres of Petrol Daily
  • African Green Projects Seek $3.09bn Funding at Summit
  • CBN Flags Risks of Stablecoins to Nigeria’s Currency Stability – Cardoso

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Mecure Industries Posts 177% Profit Growth, Reports N6.46bn PAT

Peppe Terra Encourages Home Chefs to Elevate Their Cooking

Dangote Signs Deal to Supply 65 Million Litres of Petrol Daily

African Green Projects Seek $3.09bn Funding at Summit

CBN Flags Risks of Stablecoins to Nigeria’s Currency Stability – Cardoso

Food Inflation Drops to 14-Year Low at 8.89% – NBS

Dangote Petroleum Refinery Hits 650,000 bpd as CDU, PMS Units Reach Full Capacity

Nigeria Produces 2.1 Million Metric Tonnes of Onions Annually — Marketers

Toyota Raises Profit and Sales Forecasts Despite US Tariff Challenges

T-Bill Subscriptions Hit N4.59trn as Investors Rush for High-Yield Government Securities

Police Ask NLC, TUC to Reschedule Tuesday’s Abuja Protest Over Security Concerns

Telcos Plan N1.4tn Network Expansion Investment in 2026 – NCC

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