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BPE To Partner HYPPADEC On Hydro-Power Electricity To Host Communities

The Bureau of Public Enterprises (BPE) has hinted of its plans to collaborate with the Hydroelectric Power Producing Areas Development Commission (HYPPADEC) to better the lot of host communities of Hydro-Power Plants in the country. Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh , gave the pledge in Abuja on Wednesday, […]

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Mouka Launches Eco-Comfy Fibre Mattress

Mouka, Nigeria’s leading manufacturer of mattresses, pillows and other bedding products, has launched a new eco-friendly mattress called Eco-Comfy to improve sleep comfort for Nigerians. The mattress is made up of 100 percent recyclable polyester fibre which promotes airflow around the body, keeping the consumer cool and comfortable through the night. Commenting on the company’s […]

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ERA/FoEN Tasks FG On Shell Petroleum’s Accountability Before Divestment

A leading environment-focused civil society organization (CSO), Environmental Rights Action Friends of Earth Nigeria (ERA/FoEN), has charged the Federal Government to ensure that oil giant, Shell Petroleum Development Company (SPDC) Nigeria, account for all its actions before divesting its interests from the nation’s oil and gas industry. The CSO in a statement issued in Benin, […]

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Nigeria’s Challenger Bank -Kuda -Raises $55Mn In Series B Funding Round

Kuda, a London-based, Africa-focused challenger bank, has raised $55 million in a Series B funding round which was made at a valuation of $500 million According to news report by TechCrunch, Kuda achieved its latest feat with its registered users rising to 1.4 million, up from about 700,000 users in March. An analysis of the […]

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Reserve Bank Of India Warns Public On Old Banknotes, Coins’ Offering

The Reserve Bank of India (RBI) on Wednesday warned the public to be wary of any bogus offer to buy or sell old banknotes and coins through various online or offline platforms citing ongoing fraudulent activities. The regulatory financial institution in a press release advised members of the public to remain cautious and not to […]

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CBN Issues Guidelines, Regulation Of Payments Service Holding Companies

The Central Bank of Nigeria (CBN) on Tuesday issued guidelines for licensing and regulation of Payments Service Holding Companies (PSHCs) in the country. The new guidelines and regulation were contained in a circular issued by the apex bank to all Deposits Money Banks (DMBs), Payment Service Providers (PSBs) and Other Financial Institutions (OIFs). Specifically, the […]

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Jack Dorsey’s Fintech Platform To Acquire Afterpay For $29Bn

Financial payments services firm, Square, run by Twitter CEO Jack Dorsey, has announced to acquire Australian company, Afterpay, for $29 billion in an all-stock deal A news report sourced from, an online medium, indicated that Afterpay, the pioneering global ‘buy now, pay later’ (BNPL) platform, would accelerate Square’s strategic priorities for its Seller and […]

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DMO Opens FG’s August Savings Bonds Offering To Investors

The Debt Management Office (DMO) has announced the opening of the Federal Government’s August savings bond offer to investors, stating that the offering will close on August 6. The DMO, in a circular posted on its website on titled ‘FG savings bond offer for subscription August, 2021’ indicated that the offering was for two-year and […]

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China Introduces VAT, Property Tax Reliefs For Residential Property Leasing

The Chinese government has announced tax reliefs for residential property leasing operators as part of its efforts to support the growth of real estate and housing sub-sector of the nation’s economy. The latest fiscal measure by the government was jointly made by the country’s Ministry of Finance, State Administration of Taxation, and Ministry of Housing […]