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TLcom Capital raises $70m to back African tech startups

    TLcom Capital raises $70m to back African tech startups

TLcom Capital, a venture capital firm, says it has secured $70 million for its $150 million fund to invest in African tech-enabled businesses. The firm announced this in a statement

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AFEX: Naira depreciation, demand-supply gap may drive up food prices in 2022

    AFEX: Naira depreciation, demand-supply gap may drive up food prices in 2022

AFEX, one of Nigeria’s commodity players, has projected that food prices will continue to skyrocket in 2022. The company said this on Wednesday at the launch of its report titled

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Akwa Ibom, Kwara to benefit as FEC approves N52.8bn for 15 road projects

    Akwa Ibom, Kwara to benefit as FEC approves N52.8bn for 15 road projects

The federal executive council (FEC) has approved N52.8 billion for the completion of road projects across the six geo-political zones. Garba Shehu, senior special assistant to the president on media

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FEC receives N3trn subsidy bill for 2022 from NNPC

    FEC receives N3trn subsidy bill for 2022 from NNPC

The federal executive council (FEC) says it has received a bill of N3 trillion from the Nigerian National Petroleum Corporation (NNPC) as payment for petrol subsidy in 2022. This is

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Sanwo-Olu: We’ve acquired three additional trains for blue line rail project

    Sanwo-Olu: We’ve acquired three additional trains for blue line rail project

Babajide Sanwo-Olu, governor of Lagos, says the state government has acquired three new trains for the blue line rail project.

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NESG: Deregulation of oil sector, FX management will drive stable investments

    NESG: Deregulation of oil sector, FX management will drive stable investments

The Nigerian Economic Summit Group (NESG) says the federal government should make effective policy decisions to create jobs and lift

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Afreximbank to support Nigeria’s digital switch over project

    Afreximbank to support Nigeria’s digital switch over project

The African Export-Import Bank (Afreximbank) says it will put up a financial mechanism to ensure the completion of Nigeria’s Digital

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ICYMI: Dangote named ‘richest man in Africa’ — 11th consecutive time

    ICYMI: Dangote named ‘richest man in Africa’ — 11th consecutive time

Aliko Dangote, president of Dangote, has been named Africa’s richest person — with a net worth of $13.9 billion –

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Avoid loan sharks, leverage on microfinance banks, Emefiele tells Nigerians

    Avoid loan sharks, leverage on microfinance banks, Emefiele tells Nigerians

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigerians should beware of illegal money lenders, known as

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IMF leaves Nigeria’s 2022 growth rate at 2.7%, raises 2023 projection

    IMF leaves Nigeria’s 2022 growth rate at 2.7%, raises 2023 projection

The International Monetary Fund (IMF) has reaffirmed a growth rate of 2.7 percent for Nigeria in 2022. This growth projection

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