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US Multinational says Customers Can Pay With Crypto

Sotheby, an American multinational corporation that auctions fine art, has said it will start accepting cryptocurrency for its auctions. The company, one of the world’s largest auction houses, made this known on Tuesday. It said it would begin accepting Bitcoin and Ethereum via Coinbase. The CEO of Sotheby, Charles Stewart, made this known on CNBC. […]

Economic Growth: NACCIMA Partners National Productivity Centre

The National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has partnered with the National Productivity Center to develop the economic growth of the country. The partnership would build on the existing and future interest of both parties. President of NACCIMA, Hajiya Saratu Iya Aliyu while signing the MoU with the Director General […]

Oil Prices Jumps To Seven-week High on Strong Demand Recovery

Oil prices took a jump to the highest level in seven weeks on Tuesday, as the market continued to be propelled by economic and oil demand rebound in the United States and Europe. The losses from India, Brazil and other countries that are suffering hugely from the COVID-19 pandemic weren’t enough to stop the gains […]

Reps To Investigate Train Ticket Racketeering

Legislators in the House of Representatives are set to investigate alleged railway ticket racketeering, after Nairametrics uncovered the menace in a special report in March. The House of Representatives resolved to do this after they allegedly found that ticket racketeering activities were being carried out by operators of the Abuja and Kaduna railway stations. What […]

The 4 Pillars of The National Poverty Reduction with Growth Strategy (NPRGS)

Nigeria’s Federal Executive Council last week approved the National Poverty Reduction with Growth Strategy (NPRGS), a scheme they say will accelerate the reduction in poverty through economic growth, social protection programs, and others. The FEC also announced the establishment of a Nigeria Investment and Growth Fund to invest in commercially viable projects in priority sectors that will promote growth […]

Guinness Appoints Dr Omobola Johnson As New Board Chairman

Guinness Nigeria Plc has announced the appointment of Dr Omobola Johnson as the new Chairman of its board, with effect from July 1, 2021. This follows the retirement of the current Chairman, Babatunde Savage, from the position, with effect from June 30, 2021. The announcement is contained in a notice sent to the Nigerian Exchange Limited, investing […]

ACCI Expresses Optimism Over Heightened Bilateral Trade, Investment between Nigerian-Tanzania

Sophia Okiasi The Abuja Chamber of Commerce and Industry (ACCI) has expressed optimism to a heightened bi-lateral trade and investment activities between Nigeria and Tanzania. President of the Chamber, Dr Almujtaba Abubakar stated this on Tuesday at the Tanzania-Nigerian Tourism, Investment and Trade (TN-TIT) Forum held in Abuja.He said that businesses in Nigeria and Tanzania […]

Dogecoin Set New All-Time High, Far More Valuable than Nigerian Stock Market

Dogecoin often referred to as DOGE has just posted a new all-time high and established its name around the top 5 most valuable crypto assets by market value. The crypto is now more valuable than Nigerian Stock market $55 billion (N20.8 trillion) amid strong buying pressures prevalent in the crypto market. Dogecoin is currently the […]

Pharmaceutical Companies Record Profit Of 551% In Q1 Amid Pandemic

Fidson Healthcare, May & Baker Nigeria and Neimeth plc, three of Nigeria’s largest publicly listed pharmaceutical companies, recorded combined profit growth of 551 percent in the first quarter (Q1) 2021, as demand for prescription drugs continues to rise amid COVID-19 pandemic. Fidson’s Q1 profit increased by 281 percent to N579 million from N152 million a […]

Lekki Port Receives 1st Tranche Of $629 million Loan From China Dev. Bank

Lekki Port LFTZ Enterprise Limited has received the sum of $60 million, which is the first instalment of the $629 million loan facility from China Development Bank for the construction of the Lekki Deep Sea Port. This was disclosed by the Management of Lekki Port in a statement issued on Tuesday and seen by Nairametrics. […]

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