Category: All Posts in Business Category
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Business

South Korea’s New President Lee Calls for $22.5B Rescue Budget Amid Economic Slump

Wafric News – June 25, 2025Just weeks into his presidency, South Korea’s newly elected leader Lee Jae Myung is wasting no time tackling the country’s economic woes. In his first formal address to parl...

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Oando Reports ₦113 Billion Profit After Tax in Q1 2025, Despite Pre-Tax Loss

Wafric News – June 25, 2025Oando Plc has posted a surprising profit after tax of ₦113 billion in the first quarter of 2025, a significant jump of over 90% compared to ₦59.3 billion recorded in the sam...

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Nigeria, Brazil Sign $1B Deal to Boost Agriculture

Wafric News – June 25, 2025Abuja - Nigeria and Brazil have taken a bold step toward reshaping the future of food security and agricultural development on the African continent. On Tuesday, both nation...

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Nigeria, Brazil Strengthen Ties with Over 30 Strategic MoUs in Abuja

Wafric News – June 24, 2025Nigeria and Brazil have taken a bold step toward reshaping South-South diplomacy, with over 30 Memoranda of Understanding (MoUs) on the table as both nations deepen strategi...

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Global Air Travel Disrupted as Middle East Tensions Escalate

WafricNews - June 23, 2025International air traffic has taken a major hit as tensions in the Middle East intensify following U.S. military strikes on Iranian nuclear sites. Airlines across Europe, Nor...

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Farm Produce Prices Rise by 29% in Five Months — NBS

Wafricnews - June 22, 2025Nigeria’s food crisis has taken a grim new turn as fresh data from the National Bureau of Statistics (NBS) reveals a staggering 28.98% spike in the average cost of farm produ...

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SEC Bars Independent Directors from Executive Roles, Limits CEO and Chairman Tenure

Wafric News – June 21, 2025Abuja, Nigeria - Nigeria’s Securities and Exchange Commission (SEC) has issued a sweeping directive prohibiting Independent Non-Executive Directors (INEDs) from transitionin...

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UK Reaffirms 99% Duty-Free Access for Nigerian Exports Under New Trade Scheme

Wafric News – June 20, 2025The United Kingdom has confirmed that Nigerian exporters will continue to enjoy 99% duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS) —...

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Nigerian Banks Must Repay $2.35 Billion in Eurobonds by End of 2026

WafricNews - June 20, 2025 Nigeria’s banking sector is bracing for a major financial test as five leading banks prepare to settle a combined $2.35 billion in Eurobond repayments by the end of 2026. W...

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Bank of England Holds Interest Rate at 4.25% Amid High Inflation

Wafric News – June 19, 2025London – The Bank of England (BoE) has decided to hold its benchmark interest rate at 4.25%, citing continued inflationary pressures and mounting global uncertainties. The m...

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