BUSINESS AND ECONOMY
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OPay Launches New Security Feature to Protect Users Accounts
OPay has launched a new security feature, called Location Guard, to boost customer fund protection.…
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Afe Babalola Warns Nigeria’s Growing Debt Is Driving Away Foreign Investors
Aare Afe Babalola has warned that Nigeria’s rising debt is damaging its image and scaring…
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Dangote, MAN Urge Government to Enforce Procurement Law, Promote Local Manufacturing
Aliko Dangote and the Manufacturers Association of Nigeria have urged the Federal Government to enforce…
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FG Launches System to Curb Use of Fake CNG Conversion Kits
The Federal Government has launched new safety measures to curb the use of fake CNG…
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Nigeria Missing from IMF’s List of Africa’s Fastest-Growing Economies Amid Reform Concerns
Nigeria has been left out of the IMF’s latest list of Africa’s fastest-growing economies. The…
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CBN, Bank of Angola Seal MoU to Strengthen Financial Cooperation
The Central Bank of Nigeria and the Bank of Angola have signed an MoU to…
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Dangote Refinery Targets 600 Million Litres Monthly Petrol Supply to Stabilize Market
Independent petroleum marketers have confirmed that Dangote Refinery will supply 600 million litres of petrol…
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FG Targets 600,000-Barrel Daily Crude Oil Output as Investments Rise
The Federal Government says Nigeria’s oil output could rise by 600,000 barrels daily in 2025.…
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CBN: Nigeria’s Foreign Reserves Hit Five-Year High of $43.4bn
Nigeria’s foreign reserves have climbed to a five-year high of $43.4 billion, according to the…
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FCMB Group Unveils ₦160bn Public Share Offer to Meet CBN Capital Target
FCMB Group has unveiled details of its ₦160 billion public share offer at the NGX…
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IMF Raises Nigeria’s Growth Forecast to 3.9% in 2025, 4.1% in 2026
The IMF has raised Nigeria’s growth forecast to 3.9 percent in 2025 and 4.1 percent…
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Reps Summon CBN, Banks Over Arbitrary Customer Deductions
The House of Representatives has launched a probe into alleged arbitrary deductions by Nigerian banks.…
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Private Marketers Join NNPC to Raise Fuel Price to N955 Per Litre
Petrol prices have surged again, rising to N955 per litre at NNPC and private stations.…
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Cooking Gas Price Hits N2,000 Per Kg as FG Promises Relief Next Week
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has ordered action against marketers hoarding…
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EU Grants N320bn Credit Line to Support Nigeria’s Agricultural Growth
The European Union has approved a €190 million credit line to boost Nigeria’s agricultural sector.…
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Experts Urge Nigeria to Monetize Oil, Gas Reserves Before Global Demand Declines
Former Nigerian Economic Society president, Prof. Adeola Adenikinju, has urged Nigeria to quickly monetize its…
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Dangote Cement Commences Operations in Ivory Coast
Dangote Cement has begun production at its new three-million-tonne-per-year plant in Attingué, near Abidjan, Ivory…
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Naira Records 10-Month High as Foreign Exchange Inflows Rise
The naira strengthened further last week, closing at ₦1,455.17 per dollar, its best rate since…
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Fitch Predicts Nigeria’s Fiscal Deficit Will Widen Ahead of 2027 Elections
Fitch Ratings has projected that Nigeria’s fiscal deficit will widen in 2025 and 2026 due…
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Nigeria’s Debt Burden Reaches Record Level, Says NESG Report
Nigeria’s debt stress has reached record highs, a new NESG report shows. It warned that…
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Dangote Refinery Denies Importing Petrol With High Sulphur Content
Dangote Refinery has dismissed reports that it imported petrol with high sulphur content into Nigeria.…
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Moniepoint: 42% of Nigerian Small Businesses Can’t Survive a Month Without Income
Moniepoint Microfinance Bank says 42 percent of Nigerian SMEs cannot survive a month without steady…
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FRC, SEC Advocate Ethical Governance at SCGN’s 20th Anniversary
The FRC and SEC have urged Nigerian companies to prioritize ethics and transparency amid economic…
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NIRSAL Facilitates N70bn Commercial Credit to Boost Agribusiness
NIRSAL has facilitated over N70 billion in commercial credit for agribusinesses across Nigeria as of…
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Dangote Refinery, Engineers Clash Over Planned Redeployment
Tension has erupted between Dangote Refinery and its dismissed engineers over plans to redeploy them…
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FG Ends Revenue Collection Deductions, Promises Transparency in Fiscal Management
The Federal Government has announced plans to end the practice of deducting “cost of collection”…
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Obasanjo Calls for Local and Foreign Investments to Drive Nigeria’s Growth
Former President Olusegun Obasanjo has urged Nigeria to attract more local and foreign investments to…
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NRC Records ₦1.95bn Passenger Revenue in Q1 2025, Up 37%
The National Bureau of Statistics says Nigeria’s rail sector earned ₦1.95 billion from passengers in…
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FG Plans to Cut Debt Service Cost Through Cheaper Refinancing Options
The Federal Government has announced plans to ease Nigeria’s debt burden by refinancing costly loans…
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World Bank Says Nigeria’s Single-Digit Inflation Goal Unrealistic
The World Bank says Nigeria’s goal of achieving single-digit inflation soon is unrealistic due to…
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FG, AfDB in Talks Over $500 Million Loan to Support Economic Reforms
Nigeria is close to securing a $500 million loan from the African Development Bank to…
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NBS Report: Lagos Tops 2024 IGR Chart With Over ₦1.2 Trillion
Lagos State has retained its position as Nigeria’s top revenue-generating state. Contributing ₦1.26 trillion of…
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FG in Talks with China for $2bn Loan to Build National Super Grid
The Federal Government is in advanced talks with China’s Exim Bank for a $2 billion…
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Economists Warn 30% Capital Gains Tax Could Scare Off Foreign Investors
Economists have warned that raising Nigeria’s Capital Gains Tax from 10 to 30 percent could…
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Tinubu Approves N4tn Bond to Pay Off GenCos and Gas Suppliers
President Bola Tinubu has approved a ₦4 trillion bond to clear verified debts owed to…
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FG to Revoke Licenses of Underperforming DisCos by 2028
Power Minister Adebayo Adelabu says the government will not renew licences of underperforming DisCos after…
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CBN Issues Guidelines and Sets Daily Transaction Limit at N1.2m for Agent Banking
The Central Bank of Nigeria has issued a new framework to regulate agent banking nationwide.…
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South East Electricity Consumers Urge Resolution of Tariff Dispute Between EERC and MPDL
The South East Electricity Consumers Association has urged the Enugu Electricity Regulatory Commission to resolve…
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President Tinubu Explains ₦200bn Intervention Fund for MSMEs, Manufacturers
President Bola Tinubu says the ₦200bn MSME intervention fund was created to ease structural challenges…
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Shettima Urges Caution in PENGASSAN–Dangote Refinery Dispute
Vice President Kashim Shettima has urged PENGASSAN to resolve its dispute with the Dangote Refinery…
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