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Guinness share price surges on announcement of Tolaram takeover
Guinness Nigeria’s share price has gained over 8%, trading at N55.60 as of mid-day on June 11, 2024. The gain...
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Tolaram to acquire majority shares in Guinness Nigeria as Diageo exits
In a landmark deal set to reshape Nigeria's beverage market, Tolaram has agreed to acquire Diageo's 58.02% shareholding in Guinness...
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Tribunal orders Multichoice to give Nigerians one-month free subscription
The verdict delivered by three of the panel led by Thomas Okosu on Friday also ordered Multichoice to give Nigerians...
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First Bank recovers N456 Billion loan from Heritage Bank before license revocation
Nairametrics can confirm that First Bank has received the full repayment of a N456 billion loan extended to Heritage Bank.
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Flour Mills of Nigeria incurs N1.84 trillion expense on raw materials, posts N3.54 billion profit in FY 2023/2024
Flour Mills of Nigeria has published its audited financial statement for the fiscal year ending March 31, 2024, reporting a...
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CBN revokes Heritage Bank’s licence due to poor financial performance
The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect.
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Exchange rate back to normal range, falls to N1,484.75 at official market
The exchange rate between the naira and the dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second...
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Presidential tax committee proposes exemption of manufacturers and farmers from withholding tax
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has stated that the committee has...
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Huggies maker, Kimberly-Clark, to stop production three years after investing $100m in Nigeria
Diaper and sanitary pad manufacturer, Kimberley Clark will soon announce an imminent shutdown of its Ikorodu production facility two years...
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Naira appreciates to N1,339.33/$1 on official market, best in 2 months
The exchange rate between the Naira and the Dollar at the official window saw a significant appreciation of 10.71% on...
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