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Friday, August 14, 2020
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Business

On this Category, we discuss news, reports and events about businesses and offer balanced perspectives on the business climate of Nigeria.

As the federal government is grappling with a its false start with the Nigeria Air national carrier, Akwa Ibom Gov. Udom Emmanuel has taken a giant stride, launching the first Nigeria States' wholly-owned airline, Ibom Air. The governor announced the...
A new Nigerian start-up airline, Green Africa Airways is ordering 100 Boeing 737 MAX 8 aircrafts with a whooping price tag of $11.7 billion dollars. The carrier founder and CEO is Babawande Afolabi - a former investment banker with Morgan...
It is now been confirmed that there will be a merger of Diamond Bank and Access Bank. Rumours swirled around the banking sector last month, but this was quickly denied. However, on Monday 17 December, the Board of Diamond Bank...
It’s not easy running a fashion magazine in Nigeria. Printing presses are few, and high-quality paper stock is hard to find. In Lagos, the country’s largest city and the hub of its fashion industry, consistent electricity is an issue, with...
Nigeria’s pop culture dominance is here to stay. From the hype surrounding the West African nation’s 2018 World Cup soccer kit developed in partnership with Nike, to the country’s growing footprint on the international music scene. Meanwhile, Nigerian mega...
Nigerians take the lead on lists of black billionaires, and one, Aliko Dangote, takes the top spots. With an estimated net worth of $10.3 billion, according to Bloomberg, the Dangote Group founder is the richest man in Africa. According to Forbes, he’s also...
Nigeria’s fourth-biggest wireless carrier 9mobile, formerly known as Etisalat Nigeria, repaid part of a loan taken from a group of banks following its acquisition by Teleology Holdings Ltd. “The money has been distributed to the banks,” Abiola Rasaq, head of investor...
The chairman and three non-executive directors of Diamond Bank have resigned from their positions. This was confirmed by the bank in a letter dated October 24 and sent to the Nigerian Stock Exchange. In the letter titled “RESIGNATION OF CHAIRMAN...
The federal government yesterday disclosed that it had issued the first gold refining licence to a Nigerian company. Minister of budget and national planning, Senator Udo Udoma disclosed this while speaking at the 24th Nigerian Economic Summit (NES24) in Abuja...
As the fourth quarter of the year hits full swing, CNBC Africa finds out what opportunities are available to investors who are focusing on Nigeria, joined by Wale Okunrinboye, Head of Investment Research at Sigma Pensions.

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