Sunday , December 22 2024

Business

Shoprite Finally Leaves Nigeria, Sells Business To Ketron Investment

Africa’s biggest grocery retailer and South Africa-owned chain of stores, Shoprite, has finally left Nigeria–Africa’s most populous nation and biggest market–after 16 years. This is as Ketron Investment Limited–a subsidiary of Persianas Investment Limited–has completed the acquisition of Shoprite operations in Nigeria, after winning a bidding war involving three other …

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Okonjo-Iweala resumes duty as DG of WTO

Nigeria’s Ngozi Okonjo-Iweala Monday resumed duty as the director general of the World Trade Organisation, weeks after her appointment was endorsed by the United States and approved by the trade organization. Her appointment was ratified on February 15. “WTO members have just agreed to appoint Dr. Ngozi Okonjo-Iweala as the next director-general,” …

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Luminous launches NRGT Tubular batteries, offers 24-month warranty

Simba Group, distributors of Luminous power back-up solutions including inverters, batteries and solar-powered systems, has unveiled the new innovative NRGT Tubular batteries for inverters. The company has also set a new benchmark in the inverter battery industry in Nigeria with a 24-month warranty offer. Speaking during the unveiling of the …

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Ogun to automate revenue generation for 2021 budget funding

Targets 25% yearly growth rate With the negative COVID-19 pandemic on revenue inflow, Ogun State Government has said that it would automate its revenue generation process as well as leverage citizen enumeration for tax purposes to finance its N399 billion budget. The state’s executive council said it hopes to complete …

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