The Nigerian National Petroleum Company (NNPC) Limited has acquired OVH Energy, owner and operator of the Oando branded retail service stations. In a statement on Saturday, OVH Energy said it…
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Category: Business
2023: Obi plans budget revamp if elected
Peter Obi, the presidential candidate of Labour party (LP), capitalising on widespread discontent in Nigeria, said he’ll scrap multibillion-dollar fuel subsidies and restructure debt to free up funds to tackle…
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In first push into African renewable energy, Shell buys Nigeria’s Daystar Power
Oil producing giant Shell has bought Daystar Power, a Nigeria-based company that provides businesses with solar energy solutions, marking its first acquisition of a renewable energy provider in Africa. The…
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CBN raises interest rate to 15.5% to ward off rising inflation
By our reporter| The Central Bank of Nigeria on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rate, to 15.5 percent from 14 percent to tame rising inflation.…
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Fidelity partners SMEDAN to empower SMEs
In what has been termed a major move to bridge the gap in helping small businesses access much needed funding and capacity development initiatives, leading financial institution –Fidelity Bank Plc…
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