The federal government, through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has announced a plan to disburse N50,000 to small businesses.
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Lagos state govt begins enforcement, seals Timeless Beach, Iceland Beach, 180 buildings
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MultiChoice slashes DStv decoder prices, offers free upgrades after losing millions of subscribers
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FG takes action to increase revenue as President Tinubu signs four tax bills into law
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Training begins as FG prepares to deploy corps members to wards for NIN enrolments
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Setback for Lagos as investors abandon Lekki-Epe truck parks, give reasons
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Climate change, economics muddy West's drive to curb Chinese EVs
China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their exports a tough sell -- and means they could even stifle the fight against climate change, analysts warn. But without a steady stream of electric vehicles on Europe's roads, analysts say, that goal will be tough to meet.
TotalEnergies plans to grow oil and gas production until 2030
French energy giant TotalEnergies has announced plans to increase its oil and gas production until 2030, as it seeks to reassure investors about its fundamentals.
Tokyo rallies on weak yen, Hong Kong reverses after surge
Japanese shares rallied Thursday as the yen extended losses after the new prime minister dampened interest rate hike expectations, while Hong Kong sank for the first time in more than a week after a blistering China-fuelled surge.
Biden official urges talks as US port strike enters second day
US dockworkers picketed for a second day Wednesday, garnering support from other labor groups as the Biden administration urged shippers to boost their offer to end a damaging strike weeks before the presidential election. Transportation Secretary Pete Buttigieg said the strike could be ended quickly, arguing that shippers need to share more of the bounty after a period of "unbelievable profits."
Biden official says port strike deal not as far as parties think
Shippers and striking US dockworkers are closer to agreeing on economic terms than they realize, Secretary of Transportation Pete Buttigieg said Wednesday. "We actually think the parties, economically, are not as far apart from each other as they may think," Buttigieg told CNBC a day after the International Longshoremen's Association (ILA) launched a strike at major East and Gulf Coast ports.
Historic funding round values OpenAI at $157 billion
New funding propelled ChatGPT-maker OpenAI to a valuation of $157 billion, the company said on Wednesday, sealing its place as the world leader on artificial intelligence. The company, founded in 2015 and led by Sam Altman, said that investors pumped in $6.6 billion in a funding round that was one of Silicon Valley's biggest ever.
Mixed US car sales in Q3 as industry hopes for post-election bounce
US automakers reported mixed US third-quarter sales, pointing to sluggish demand as consumers contend with affordability challenges and wait for lower interest rates to reach the car lending market.
French luxury goods giant LVMH in F1 sponsorship deal
French luxury goods giant LVMH on Wednesday announced a 10-year sponsorship deal as a global partner of Formula One. “We were thrilled to work with one of the LVMH Maisons during the Las Vegas Grand Prix last year, and to now expand our relationship with the Group as they become a Global Partner." kap/ak/nr/bsp
CBN data shows money outside banks exceeds currency in circulation in Nigeria
The Central Bank of Nigeria (CBN) has said that money in outside banks has surpassed currency in circulation as Nigeria sees a surge of N4.04trn in circulations
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