Classifieds marketplace, Jiji, has announced its acquisition of Cars45 for an undisclosed amount. This would see the class-eds company make a foray into transactional marketplaces. Since its inception, Cars45, founded by former Konga and DealDey executive Etop Ikpe, has seen different owners. A year after opening its doors, the startup received
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The price of a litre of Automotive Gas Oil, also known as diesel, has risen to N280, buoyed by the recent increase in global oil prices and naira devaluation. The global oil benchmark, Brent crude, which averaged $62.28 per barrel in February, stood at $75.10 per barrel as of 5:15pm Nigerian
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Some international airlines have adopted the trend of issuing a handwritten boarding passes to their passengers. Our correspondent gathered that some of the airlines who have now joined the band of those issuing out handwritten boarding passes are Rwanda Air and Egypt Air. A passenger (name withheld), who boarded a flight from
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If anything, the extractive industries in Nigeria, have always donned the toga of being some of the least open in the world. With the ongoing efforts of the Nigeria Extractive Industries Transparency Initiative, which appears to be pushing the frontiers of transparency in the sector, a lot appears to be
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With over 3,000 shipwrecks littering Nigeria’s coastline, the Federal Executive Council (FEC) has approved the removal of shipwrecks from Badagry to Tincan Island waterways in order to ensure smooth navigation on Nigerian waters. The Director-General, NIMASA, Bashir Jamoh, who disclosed this during a chat with the media in Lagos, said the
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As part of steps to attract investment, President Muhammadu Buhari has authorized the Nigerian national Petroleum Corporation (NNPC) to acquire 20 per cent stake in any private oil refinery producing at least 50,000 barrels per day (bpd). It was learnt that the NNPC will soon get 20 per cent stake in
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It would be pretty difficult to miss small stores on the streets of Nigeria, selling anything from cookware to clothing or electronics. In some buildings, you would find shops stacked to the roof with wares. The arrival of the pandemic seems to have changed the perspective of some small business
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With the new gas price regime expected to kick off on July 1, alongside challenges of currency devaluation and access to foreign exchange for raw materials, local manufacturers have said they are contemplating moving their production hubs to neighbouring African countries under the African Continental Free Trade Area (AfCFTA) regime. According
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The evolving banking landscape has pushed traditional banks to digitalize in order to cater to consumer demand for personalized and value-added services. This is especially prominent given the effects of the Covid-19 pandemic, which has driven a majority of the customer base towards digital services. Whilst many emerging technologies exist, there
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Jacopo Buongiorno and others say factory-built microreactors trucked to usage sites could be a safe, efficient option for decarbonizing electricity systems. We may be on the brink of a new paradigm for nuclear power, a group of nuclear specialists suggested recently in The Bridge, the journal of the National Academy of
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