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The African Export-Import Bank (Afreximbank) has launched a 1.5 billion-dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies with rapid financial assistance to reduce the impact of COVID-19. The collaborators are the pan-African multilateral EXIM bank, International Islamic Trade Finance Corporation (ITFC), the Trade Finance Arm of the …

Dangote Refinery debunked an online media report, which stated that a protester was shot and killed by Policemen while protesting at the Refinery on Tuesday. Group Executive Director, Projects and Portfolio Management, Edwin Devakumar, said nobody was killed during the protest and also that the protesters are not employees of …

Dangote Sugar Refinery (DSR) Plc has recorded a growth in its profit after tax for the nine months ended September 30, 2020, by 81 percent. Details of the results showed that DSR posted revenue of N160.514billion, indicating an increase of 36.6 percent from N117.425 billion in the corresponding period of …

The Federal Government said it earned a total sum of N424.71 billion from Value Added Tax (VAT) in the third quarter of the year (Q3 2020) higher than the N327.20 billion recorded in Q2 as well as the N275.12 billion recorded in Q3 2019. According to the sectoral distribution of …

Dangote led the advancers’ list on Tuesday with its cement product coming first on the gainers’ list of the Nigerian Stock Exchange (NSE). Dangote cement started with ₦160 at the beginning of the day gaining 5.63% at the end of the market with ₦169 per share as market closed with …

The Lagos State Governor, Mr. Babajide Sanwo-Olu has approved the nomination of a new Chairman and Members of the Lagos State Local Government Service Commission. In a Statement released by the Lagos State Head of Service, Mr. Hakeem Muri-Okunola, stated that Mr. Governor’s approval of the new Nominees, which was …

The Lekki Concession Company (LCC), operators of Lekki tollgate, Lagos, has claimed the surveillance camera at the tollgate stopped recording at 8 pm on Tuesday, October 20, the day soldiers allegedly opened fire on #EndSARS protesters. LCC MD, Abayomi Omomuwa, stated this while appearing at the Judicial Panel of Inquiry …

Third party businesses can now use the unique logistics network of Africa’s leading ecommerce platform to reach more customers Lagos, Nigeria; November 2nd, 2020: Jumia has announced that its logistics service is now available for use by third parties. Until today, Jumia’s logistics services were reserved for ecommerce and food …

ThisDay newspaper was the most sought after publication for banks, as BusinessDay newspaper was the most sought after publication for insurance companies in terms of placement of adverts in the media. This was evidently evaluated by P+ Measurement Services, Nigeria’s foremost PR Measurement and Evaluation agency.   The report, based …

The power sector has recorded a generation capacity loss of N243 billion within 10 months from January to October 2020. This was revealed in the October 2020 electricity generation statistics released by the Association of Power Generation Companies (APGC), the umbrella body of GenCos. The data puts the current available …