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Naira to sustain rally after 46% gain against dollar, says Rewane

Collins Nweze | Assistant Business Editor March 29, 2024 Rides on $7b FX backlog clearance, foreign investments surge The naira will sustain ongoing rally at both official and parallel markets as dollar liquidity rises, Managing Director/CEO, Financial Derivatives Company Limited, Bismarck Rewane, has predicted. In an emailed note to domestic and foreign investors, he disclosed

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NNPC promises to surpass 1.78mb/d budget target

John Ofikhenua, Abuja March 29, 2024 To increase domestic gas supply to 8bsuf The Nigerian National Petroleum Company Limited (NNPCL) yesterday promised to surpass the 2024 budget benchmark of 1.78million barrels per day (Mbpd). Its Group Chief Executive Officer, Malam Mele Kyari, who gave the assurance  recalled that in 2022, the country was producing as

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LOTUS targets N1b endowment fund launch, raises over N100m

Ekaete Bassey March 29, 2024 Institution harps on charitable venture for improved society with ‘waqf’ Lotus Capital Halal Investments, with a target N1 billion at the launch of its first SEC Registered Endowment Fund, in Nigeria raised One hundred million and one hundred thousand naira (N1, 100,000) Though quite a far cry from its target,

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Access Holdings expands loans by 60% to N8.9tr

Collins Nweze | Assistant Business Editor March 29, 2024 Access Holdings Plc has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023.  In the year under review, the Group Loans & Advances expanded by 60.5 per cent year-on-year to N8.9 trillion, accompanied by an improvement in the Non-Performing Loan

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Become agents of positive change, Etsu Chikun charges newly elected Gbagyi youths

The Etsu Chikun, Mr. Isyaku Yari has charged the newly elected executives of the Gbayi Youths Progressive Union to work towards becoming agents of positive change in their community. The traditional leader gave the charge during the inauguration of the executives in Kaduna where he further urged them to impact…

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Youth tasked on innovative ideas

    An associate professor, Electrical Electronic Engineering at the University of Lagos, (UNILAG), Abiodun Gbenga-Ilori has attributed lack of entrepreneurial education as the bane hindering the creativity of some young ones to build innovation. Gbenga-Ilori stated this while highlighting the achievements of Project Innovation to Market (I2M)- an initiative of the…

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Dangote trains Ogun youths in leather works, shoemaking

Dangote Cement Plc, Ibese plant, has trained 30 youths from the host communities in Ogun State in leather works and shoemaking. Beneficiaries of the two-month intensive training were drawn from 17 host communities in Ewekoro and Yewa North local government areas of the state. Speaking at the presentation of certificates,…

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Informal sector has solutions to solve youth unemployment – Report

A report by the Jobberman, Nigeria’s leading recruitment agency, has stated that the informal sector has the potential to reduce the youth unemployment facing Nigeria. The report, which was launched yesterday called for investments in the sector as it employs 90 per cent of the Nigerian working force. The report…

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