The shareholders of FBN Holdings have approved the company’s plan to raise up to N350 billion in additional capital and change its legal and brand names. The approval was granted during the company’s virtual Annual General Meeting (AGM), and the resolutions made at the meeting were filed with the Nigerian Exchange Limited on Friday. In […]
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MultiChoice Group Limited has written off $21 million deposited in Nigeria’s Heritage Bank after the financial institution’s liquidation earlier this year. This was disclosed in the company’s interim financial statements for the half-year ending September 30, 2024.The sum was classified as irrecoverable after the Central Bank of Nigeria revoked Heritage Bank’s operating license, effectively shutting […]
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The Consul-General at the United States Consulate General in Lagos, Mr. Will Stevens, has stated that the launch of the Kangoexpress Shipping Company will strengthen the business ties between Nigeria and the United States. Speaking at the official launch event in Lagos, Stevens expressed his enthusiasm, saying, “I wish Kangoexpress had been operating in Nigeria […]
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Access Holdings Plc has announced that its banking subsidiary, Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by total assets. This announcement was made in a disclosure published on the Nigerian Exchange (NGX) platform, dated November 14, 2024, […]
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Businessman Abdullahi Abiola has called on the Central Bank of Nigeria (CBN) to urgently settle matured foreign exchange forward contracts with banks and manufacturers to prevent the collapse of struggling businesses and the associated economic consequences, including rising unemployment. Abiola, a printer whose business relies on importing foreign printing materials, also appealed to President Bola […]
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Endura Investment Global Limited has announced the acquisition of a 24% controlling stake in Standard Alliance Insurance Plc, alongside the appointment of a new board to oversee the company’s operations. This acquisition follows the exit of the previous controlling shareholders, Standard Alliance Investment Limited, led by the founding Vice Chairman O’tega Emerhor. In a statement […]
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The UK Government Plans 45,000 Seasonal Worker Visas for 2025 to Address Workforce Shortages The UK government has announced plans to issue 45,000 Seasonal Worker visas in 2025 to help meet labor demands in the agricultural and poultry sectors, particularly during peak seasons. The visa allocation includes 43,000 visas for workers in the horticulture industry […]
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Germany is simplifying the EU Blue Card process to make it easier for skilled workers to live and work in the country, addressing challenges that have historically made the card difficult to obtain. The EU Blue Card grants non-EU nationals the right to live and work in Germany, but in the past, the program had […]
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By Sophia Nkiru Nestlé’s beverage brands have played a pivotal role in youth empowerment and development through a combination of education, skill-building, entrepreneurship support, and involvement in sustainability efforts. By providing young people with opportunities for employment, entrepreneurship, and skills development, as well as engaging them in health, sustainability, and innovation initiatives, Nestlé is helping […]
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By Stella Ntia Due to human activities, particularly the increase in carbon footprint, the global temperature has increased by approximately 1.1 degree Celsius since the 19th century. Environmental sustainability has been a suggestion globally, to the rising environmental degradation. This practice involves reducing activities that cause climate change and encourages environmental hazards, promoting farming practices […]
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