BUSINESS AND ECONOMY
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FG Targets 4 Million Tonnes of Green Ammonia Annually by 2060 to Boost Clean Energy, Fertilizer Production
Nigeria plans to produce four million tonnes of green ammonia yearly by 2060 to boost…
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FG, Femi Otedola Deny Involvement in N323 Billion FirstHoldCo Share Deal
FG, Otedola deny role in N323.4bn FirstHoldCo shares deal amid speculation online. Officials clarify the…
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Dangote Refinery Bringing Back N5 Fuel Discount for Key Partners
Dangote Refinery plans to reinstate its fuel discount after halting it over product diversion. The…
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Tinubu Approves N150 Billion South-East Investment Company to Boost Regional Growth
Tinubu okays South-East Investment Company to unlock regional growth and industrial capital flow. With N150bn…
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Abia State Secures $263.8m from AfDB and IsDB Funding for Roads, Erosion, and Waste Projects
Abia State secures $263.8 million from AfDB, IsDB, and FG for massive infrastructure upgrade. The…
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PalmPay, Moniepoint, OPay Among Top Global Fintechs of 2025, CNBC
Five Nigerian fintechs have been ranked among the world’s top 300 by CNBC and Statista.…
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Naira Slides to ₦1,555/$ Ahead of CBN Crucial MPC Meeting
The naira fell to ₦1,555/$ on the parallel market ahead of CBN’s July 21 MPC…
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NDPC Seeks Dismissal of Meta’s Lawsuit Challenging $32.8 Million Data Privacy Sanction
The Nigeria Data Protection Commission wants Meta’s $32.8 million lawsuit thrown out for lack of…
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Landmark Africa Begins N10 Billion Overhaul of Enugu’s Nike Lake Resort
Landmark Africa has begun a ₦10 billion renovation of Nike Lake Resort to boost Enugu…
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SEC Warns Nigerians Against Fake Employment, Ponzi Scheme by F&B
SEC has warned Nigerians against Forsman & Bodenfors Ltd, calling it a fake job and…
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Nigeria Becomes Full Member of Asian Infrastructure Investment Bank
Nigeria is now a full member of the Asian Infrastructure Investment Bank, opening fresh funding…
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NNPC, Akwa Ibom, GACN Sign $3.5 Billion MoU to Boost Gas Industrialization
NNPC, Akwa Ibom, and GACN sign $3.5bn gas deal to boost South-South industrial growth. MoU…
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MultiChoice, FCCPC Head to Appeal Court over DStv, GOtv Price Hike Dispute
MultiChoice and FCCPC head to Appeal Court over legality of DSTV, GOTV subscription price hikes.…
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Dangote Advances Olokola Deep Seaport Plans with Regulatory Filing in Ogun State
Aliko Dangote moves to build Nigeria’s deepest seaport in Ogun, filing construction plans in June.…
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CAC Flags Three Cooperative Societies for Using Fake Certificates
CAC warns public against three cooperatives using fake registration numbers and forged certificates. The flagged…
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Naira Strengthens to ₦1,545 per Dollar in Parallel Market
Naira gains slightly against dollar, offering mild relief amid Nigeria’s ongoing forex market pressure. Analysts…
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Eight Nigerian Banks Record N156bn in Loan Losses Amid Economic Headwinds
Eight Nigerian banks booked N156 billion in credit losses in Q1, reflecting economic stress and…
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Fuel Diversion Drops by 35% as DAPPMAN Commends NMDPRA’s Reforms
DAPPMAN hails NMDPRA for cutting fuel smuggling by 35% and boosting downstream sector stability. Commends…
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Aliko Dangote Plans Major Deep-Sea Port to Boost Exports
Aliko Dangote seeks approval to build deep-sea port in Olokola, expanding export infrastructure. The project…
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EU Postpones U.S. Tariffs as Hopes Rise for Trade Deal Before Trump’s Deadline
The EU has delayed retaliatory tariffs on U.S. goods, aiming to ease trade tensions. Talks…
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Nigeria Customs Denies Charging for Form M Migration to B’Odogwu System, Warns Against Fraudsters
Nigeria Customs says Form M migration to the new B’Odogwu platform is completely free. Amid…
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Naira Strengthens to ₦1,550/$ on Parallel Market Amid Dollar Supply Surge, Lower Demand
The naira gained on the black market but dipped slightly at the official exchange window.…
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Banking, Insurance Stocks Lift NGX to ₦3.46 Trillion Weekly Gain, Highest in 2025 So Far
Nigeria’s stock market gained ₦3.46 trillion last week, posting its best performance of 2025. Investor…
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Nigeria Allocates ₦1 Trillion to Transform Solid Minerals Sector, Dele Alake
Federal Government has allocated ₦1 trillion in 2025 to revitalise Nigeria’s solid minerals sector. Minister…
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NNPC Gears Up for Stock Market Listing by 2028, Says GCEO Bayo Ojulari
NNPC says it plans to join the stock market by 2028 as part of major…
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Dangote Doubts Nigeria’s Refineries Will Ever Work Despite $18bn Spent
Aliko Dangote doubts Nigeria’s refineries will ever work again despite $18 billion spent on repairs.…
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CBN: Financial Fraud in Nigeria Up 45%, Digital Channels Account for 70% of Losses
Financial crime soars 45% as crypto scams, Ponzi schemes and lax oversight put investors at…
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Dangote Refinery Opposes FCCPC Renewed Bid to Join N100 Billion Import License Lawsuit
Dangote Refinery has again opposed FCCPC’s bid to join its ₦100bn lawsuit on petroleum licensing.…
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FG Says Over 1 Million Nigerians Have Benefited From Loans, Grants Under Renewed Hope Agenda
Over one million Nigerians have benefited from FG’s loans and grants under the Renewed Hope…
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Cross River Approves N18 Billion to Revive Tinapa, Obudu, and Tourism Sector
Cross River State has approved ₦18 billion to restore top tourist sites and boost travel…
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Ohanaeze Youths Applaud Enugu Air Launch, Say Initiative Will Boost South-East Economy
The Ohanaeze Ndigbo Youth Council has endorsed Enugu Air, hailing it as a regional game-changer.…
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FG Signs Landmark MOU to Boost Infrastructure with Innovation, Climate Resilience
Nigeria has signed a major MOU to boost infrastructure safety using science and technology tools.…
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DBN Disburses ₦49bn to Over 700,000 MSMEs, Targets 2 Million by 2030 in New Strategy
The Development Bank of Nigeria has disbursed ₦49 billion to MSMEs, creating 1.2 million jobs…
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Senate Launches Investigation into ₦1.3tn CBEX Ponzi Scam, Vows Nationwide Crackdown on Digital Fraud
The Senate is probing the ₦1.3 trillion CBEX fraud as Ponzi schemes ravage Nigerian investors.…
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Nigeria Secures $747m Loan for Lagos-Calabar Coastal Highway in Landmark Infrastructure Deal
Nigeria has secured a major $747 million loan to fund part of the Lagos-Calabar highway.…
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IMF Applauds FIRS for Gains in Tax Reforms, Supports Transition to Nigeria Revenue Service
The IMF has praised Nigeria’s FIRS for reforms boosting tax administration and digital compliance. The…
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Dangote Refinery to Halt Crude Oil Imports by December, Shift to Full Nigerian Supply
Dangote Refinery targets full switch to Nigerian crude by December, ending reliance on imports. Management…
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Dangote Refinery Cuts Petrol Price to ₦820/Liter, Launches CNG Distribution Push to Ease Fuel Costs
Dangote Refinery has reduced petrol’s ex-depot price to ₦820, down from ₦840 within nine days.…
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Tunji Ojo Says FG Saved ₦1 Billion Through Digital Passport Reforms
Nigeria has issued over 3.5 million passports since 2023 while saving ₦1 billion annually. Interior…
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Otti Pushes for Higher FG Allocation to Abia
Governor Alex Otti seeks increased federal allocation, citing Abia’s debt reduction and fiscal discipline. Aba…
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