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Business

44 Results / Page 1 of 5


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  • 9

Business

FG Disburses N123bn World Bank Fiscal Transparency Grant To States

Oluwaseye Ogunsanya January 14, 2021

The federal government under the World Bank supported states fiscal transparency, accountability and sustainability (SFTAS) Programme-for-Results has disbursed N123.34 billion performance-based grant to eligible states. The minister of finance, budget and national planning, Zainab Ahmed, said Sokoto state received the highest amount of N6.612 billion while Kano state got the […]

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  • 11

Business

Naira Slumps Further, Exchanges For 473/$

Oluwaseye Ogunsanya January 13, 2021

On Tuesday, the naira suffered further decline at the parallel market and Investors and Exporters forex window. According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market. In recent times, it had gained after ending the year 2020 at […]

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  • 8

Business

Coca-Cola Nigeria Appoints Alfred Olajide As MD

Oluwaseye Ogunsanya January 11, 2021

Alfred Olajide has been appointed by Coca-Cola has it’s new vice president and managing director for its Nigeria operations. According to a statement by the company, the appointment followed a reorganisation of its global leadership structure. Olajide takes over from Yebeltal Getachew whose tenure elapsed on December 31, 2020. Coca-Cola […]

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  • 10

Business

Dangote loses $900m in 24 hours

Oluwaseye Ogunsanya January 11, 2021

The total net worth of the President/Chief Executive, Dangote Industries Limited, Aliko Dangote on Friday dropped by $900m as his flagship company emerged the biggest loser at the end of trading on the Nigerian Stock Exchange. According to Bloomberg Billionaires Index — a ranking of the world’s 500 richest people, […]

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  • 6

Business

DMO: Nigeria owes World Bank, IMF, AfDB $31.98bn

Oluwaseye Ogunsanya January 5, 2021

The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020. This is contained in the September 30, 2020, debt stock report recently released by the DMO. According to the […]