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Nigeria News -Business News updates and Summaries in Nigeria today
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    Business Bitcoin crashed because professionals cashed out, making a buck from last-minute amateur...

    The largest cryptocurrency bitcoin surged to ,000 in December. Its rapid growth was due to common folk deciding to invest in the hope of making a quick buck. It was a time for professional investors to sell. “Many people behind bitcoin and cryptoc...
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    Business Ripple co-founder loses $44 billion on paper during cryptocurrency crash - CNBC

    Ripple co-founder loses billion on paper during cryptocurrency crash CNBC Cryptocurrencies Have Lost About 0 Billion in Value — in 1 Week Yahoo Finance Bitcoin price WARNING: ‘Only invest if you’re ready to LOSE money!’ Expert’s SHOCK claim Ex...
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    Business Facebook Users Will Be Able To Rank News Source Trustworthiness –

    Facebook has been trying to combat fake news and have approached the problem in different ways. One of the ways was to flag articles that were deemed fake and added a tag to let users know that the article could contain inaccurate information. Facebo...
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    Business How Nigeria’s key electricity infrastructure was controversially awarded to Dangote,...

    Key electricity transmission infrastructure belonging to the Transmission Company of Nigeria, TCN, were allegedly awarded to Alheri Engineering Company, and Phase 3, despite inherent conflict of interest, a correspondence has shown. While Alheri is o...
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    Business We don’t need National Assembly’s permission to subsidise petrol – NNPC –

    The Nigeria National Petroleum Corporation, NNPC, has given reasons for paying ‘subsidy’ on petrol without appropriation from the National Assembly. The Managing Director of the Petroleum Products Marketing Company, PPMC, Umar Ajiya, said the NNPC Ac...
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    Business Nigerian Stock Exchange: Banking stocks lead equities rally –

    At the end of week’s trading today, 40 companies appreciated in price compared to 32 companies that recorded price depreciation, while the price of 100 companies remained unchanged. Banking hall Banking stocks recorded the highest price increase as a...
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    Business Federal regulators file fraud charges against three bitcoin operators –

    Following an already rough month for bitcoin, three U.S. virtual currency operators have been charged with fraud by the United States Commodity Futures Trading Commission (CFTC). The CFTC alleges that CabbageTech, Entrepreneurs Headquarters Ltd., and...
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    Business FG approves N497m for Cross River dam project –

    The Federal Government has approved N497 million for the construction of the Ijegu Yala Dam in Yala Local Government Area of Cross River State. The construction of the dam, which is expected to begin this year, is primarily for water supply, erosion ...
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    Business Coca-Cola CEO Urges U.S. to Avoid ‘Deconstructing Global Trade’

    CEO Urges U.S. to Avoid ‘Deconstructing Global Trade’ By and January 19, 2018, 1:23 PM EST As Nafta negotiations drag on, Coca-Cola Co. Chief Executive James Quincey is adding his voice to the chorus of leaders urging the U.S. to preserve free trade....
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    Business Silicon Valley is ‘becoming unhinged,’ says top VC –

    Technically Incorrect offers a slightly twisted take on the tech that’s taken over our lives. Michael Moritz admires the Chinese work ethic. Should he? The India Today Group No one, but no one works harder than the obsessives in Silicon Valley, right...
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    Business The Next Bitcoin: Buy Ethereum Now or Wait?

    Bitcoin is the entry point for those who are unaware of what cryptocurrency is but just heard of its growth and great earning potential for traders and investors. By the next stage, when a person is already familiar with the concept of cryptocurrency...
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    Business Bitcoin currency operators slapped with lawsuits alleging fraud –

    If that Bitcoin investment company’s claims seem too good to be true, maybe they are. The U.S. government regulator in charge of futures markets, the Commodity Futures Trading Commission (CFTC), announced lawsuits against two different companies invo...
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    Business NSE All-Share Index crosses 45,000 mark –

    Price of Some blue chips on the Nigerian Stock Exchange (NSE) on Friday rallied with GT Bank hitting all-time high of N54.71 per share. The News Agency of Nigeria (NAN) reports that the bank topped the gainers’ chart with a gain of N2.60 to close hig...
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    Business Bitcoin 101: Your essential guide to cryptocurrency –

    Thomson Reuters Bitcoin is everywhere. The cryptocurrency is seemingly in the news every day as investors and businesses try to understand the future of this digital finance. But what is Bitcoin all about? Why is it suddenly on every financial news p...
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    Business Samsung Galaxy S9 and S9+ cameras get detailed ahead of unveiling –

    Even though we’re more than a month away from the official unveiling of Samsung’s flagships, information about the Galaxy S9 and S9+ continue to emerge and raise the hype. The latest report related to the phone comes from South Korea and contains in-...
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    Business Zillionaire CEO Attributes $500 Employee Bonuses to Republican Tax Cuts –

    Photo: AP Thermo Fisher Scientific is an billion biotech company whose CEO is attempting to pull off his greatest feat yet: convincing his employees that their 0 bonuses are a result of the brilliant economic policies of Donald Trump. Ever sin...
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    Business GTBank raises USSD transaction limit to N500, 000 –

    GTBank, one of Nigeria’s most innovative commercial banks has again raised the bar on USSD by setting transaction limits at N500, 000, said a source close to the matter. The new limit means that customers are able … via BusinessDay : News you ...
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    Business These fast food chains will make even more money in 2018 –

    The fast food value chain recorded an impressive performance despite the economic recession of 2016 and early 2017. The growth recorded is not unconnected with the birth of food delivery startups in major cities across the country. These startups dom...
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    Business Explained: Why SEC extended the e-dividend free registration again. –

    Abdul Zubair , Acting Director- General, SEC The closing date for the free e-dividend registration sponsored by the Securities and Exchange Commission has again been extended to February 28. SEC in a statement said the extension became necessary to a...
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    Business My experience with Tanjalo cryptocurrency exchange

    Tim Akinbo, Co-Founder Tanjalo The 6 months I have spent trading cryptocurrencies have been a roller coaster ride. Cryptocurrencies are a 24/7 market easily swayed by the smallest of news items – a coin being listed on a new exchange, or yet another ...
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    Business Oil price touches record high in Nigeria’s Naira terms –

    Nigeria, Angola and Russia are today earning more local currency from oil sale per barrel than at any point in history, even though even though crude prices are still languishing at less than half their peak level in dollar terms, set in 2008. Countr...
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    Business Samsung patents phone with in-display camera –

    The bezel-less phone display battle has already started but the fighters remain ill-equipped to handle it. OEMs have scrambled to redesign their phones, some more or less ending up in failure. Samsung somewhat missed its chance when the in-display fi...
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    Business After conquering the world, WhatsApp looks to small businesses –

    . WhatsApp WhatsApp is king of the messenger apps, with over a billion daily users. Now, the Facebook-owned company looks to better expand its reach to businesses. WhatsApp Business is a free Android app released Thursday in the US, UK, Mexico, Italy...
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    Business Top smartphones we expect seeing at MWC 2018 (Galaxy S9 included)

    CES is now behind us, and while the event brought little in terms of smartphone announcements, think of it as a warm-up prior to a show that’s going to be a lot more spectacular in this respect. That show is Mobile World Congress, scheduled to take p...
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    Business Why Kenya is tailing Nigeria as Africa’s Silicon Savannah –

    Over the past few years Kenya and Nigeria have risen through the ranks in the technology space, booting South Africa out of its previously held. Innovations like Safaricom’s M-Pesa and Kenya’s Ushahidi and Nigeria’s fin-tech startup Interswitch, whic...

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