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US venture capital funding surges by 50 percent
Globally, VC funding has experienced a notable contraction in terms of volume during Q1 2025, with the total number of VC deals ...
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Crude oil futures fell below $60 per barrel
According to market data, China’s factory activity contracted at its fastest pace in 16 months in April, highlighting ...
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Zenith Bank delivers total dividend of N5.00 per share for full year 2024
The Group Managing Director/Chief Executive Officer of Zenith Bank, Adaora Umeoji, expressed appreciation to the shareholders of ...
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IMF warns of global public debt approaching 100 percent of GDP
Country-specific responses will be critical in maintaining stability and avoiding further deterioration in public finances, said ...
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Rise in vaccine-preventable disease outbreaks is a threat, warn WHO, others
Measles cases reached an estimated 10.3 million in 2023, a 20% increase compared to 2022.
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Nigeria records $6.83 billion balance of payments surplus in 2024
The CBN said the improvement in the data in 2024 reflects the impact of wide-ranging macroeconomic reforms, stronger trade ...
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Soaring civil unrest worries companies and insurers, says Allianz
More than 80,000 incidents in top 20 countries connected to protest and riot activities around the world during 2024, according ...
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Tariffs stir inflation fears in US but offer targeted industry gains ...
'Striking the right balance between domestic industry protection and inflation management will be critical for sustaining ...
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Tinubu appoints new Board Chair, Group CEO for NNPC Limited
The new 11-man board has Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.
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CBN net reserve hits $23.1 billion, the highest in three years
Gross external reserves also increased to $40.19 billion at the end of 2024, compared to $33.22 billion at the close of 2023.
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TCN assures fully functional SCADA system in six months’ time
The power transmission company also hints on its capacity to evacuate 10,000MW within the next two years.
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Analyst provides mixed reaction to Nigerian equity market performance
The underperformance in several sectors, particularly technology, suggests cautious investor sentiment and continued volatility ...
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MTN Nigeria records N400 billion net loss in full year 2024 results
MTN Nigeria has reported a net loss of N400.43 billion for the full year 2024, primarily due to a significant foreign exchange ...
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AI Startups account for 43 percent of new unicorns
More than 60% of all AI unicorns were headquartered in the United States.
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Stakeholders agree to improve resilience of submarine telecoms cables
More than 99% of international data traffic is carried by a network of about 500 submarine telecommunications cables spanning ...
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Human Rights Watch says EU Commission waters down corporate rules
This accusation was made as the Commission published its proposal for an Omnibus regulation that would update its previous ...
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EIB backs Africa Finance Corporation $750m climate infrastructure fund
EIB said it will invest $52.48 million in the Infrastructure Climate Resilient Fund, which is managed by AFC Capital Partners, ...
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Nigeria records 3.84 percent GDP growth rate in Q4 2024
According to the data by the National Bureau of Statistics (NBS), Nigeria’s annual GDP growth in 2024 reached 3.4%, ...
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Atihad Airways to announce $1 billion IPO
The proceeds are expected to fuel the airline's expansion efforts and strengthen its competitive position against regional ...
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Obasanjo, other leaders to launch new debt relief initiative for Africa
Nigerian former president Olusegun Obasanjo and other former African government leaders have come together to sign the Cape Town ...
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Breaking News: Nigerian inflation eases to 24.5 percent after CPI rebasing
The decline in inflation was observed across NBS’ key sub-indices.
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