Business

Nigeria, Germany seek results-driven partnership for $1T goal

10/11/2025

Budget and Economic Planning Minister Abubakar Atiku Bagudu urged Germany to shift bilateral relations toward measurable outcomes supporting Nigeria’s target of reaching a $1 trillion economy by 2030 during discussions with a Giessen Chamber of Commerce delegation led by Chief Executive Officer Matthias Leder in Abuja. The minister emphasized that President Bola Tinubu’s administration seeks partnerships producing employment, enterprise expansion and institutional development rather than routine diplomatic exchanges, highlighting that legal labor migration and vocational cooperation align with plans to convert the nation’s young population into competitive global talent.

Leder invited Bagudu to deliver the African keynote address at the June 2026 World Meets in Giessen conference while pledging expanded collaboration in technical training and structured migration programs. Acting Permanent Secretary Samson Ebimaro confirmed the ministry will prioritize engagements that strengthen systems and build domestic capacity with lasting effects on development objectives outlined in the forthcoming 2026-2030 National Development Plan.

Business

Uganda sugar industry hits 700,000 tons annually
25/10/2025

Uganda generates 700,000 metric tons of sugar each year, with Trade Minister David Bahati announcing the figures at the National Sugar Council inauguration. Domestic markets absorb 450,000 tons while exporters ship 250,000 tons abroad. The sector directly employs over 20,000 workers and indirectly supports another 150,000 jobs. Annual tax revenue reaches 500 billion shillings, accounting…

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Business

What is a Cancellable swap?
29/11/202429/11/2024

A cancellable swap is a special kind of swap deal. A swap is when two groups agree to trade something, like money, with each other. They decide ahead of time exactly how they will do the trade in the future. What makes a cancellable swap different is that the two groups can decide later to…

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Business

What is the Cash Ratio?
02/12/202402/12/2024

The cash ratio is the amount of cash a bank keeps in its vaults compared to all the money it has. You can think of it like a big piggy bank. Banks take the money people deposit and use some of it to make loans and investments to earn profits. But they always have to…

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Business

NDPHC urges firms to join direct power plan
12/11/2025

Niger Delta Power Holding Company is urging high-consumption organizations to join its Eligible Customer Programme, allowing them to purchase electricity directly from the generator and other production companies. The initiative permits industrial and commercial users to access power capacities ranging from 6 megawatts to 20 megawatts, with approved participants securing flexible pricing through negotiated tariffs…

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Business

Priest Wellness’ stance about mafuta ekublicha
16/12/202216/12/2022

Muvhimi‘s sister Luminitsa beauty company, Priest Wellness, made an announcement on social media this week. They do not sell skin-bleaching or skin-lightening creams. Priest Wellness is committed to offering solutions for a variety of skin concerns. This includes discolorations, hyperpigmentation, acne, dark spots, and more. They also offer a range of products and treatments designed…

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Business

What is a Debit Spread?
29/12/202429/12/2024

Money leaves your pocket when you make a debit spread trade. This simple fact gives the strategy its name. Picture paying $300 for something worth $500 – that’s how a debit spread works in options trading. The Basics of Debit Spreads Options traders use debit spreads when they think a stock price will go up…

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