BUSINESS AND ECONOMY
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NBS Report Shows Nigeria’s Inflation Falls from 18.02% to 16.05%
Nigeria’s inflation rate dropped to 16.05% in October according to new NBS data. The report…
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Dangote Refinery Disowns Viral Video On Bike Delivery Of Petrol
A viral video suggesting bike delivery of petrol has been firmly disowned by Dangote Refinery.…
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Bitcoin Falls Below $95,000 as Market Tension Grows
Bitcoin fell sharply to its lowest level in six months as renewed market uncertainty unsettled…
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Air Peace Blames Flight Disruptions on ‘Illegal’ Withdrawal of Three Aircraft by Lessor
Air Peace says recent domestic flight disruptions resulted from SmartLynx Airlines withdrawing three leased aircraft.…
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FG Suspends Planned 15% Import Duty on Petrol and Diesel
Petroleum regulators have suspended the planned import duty on petrol and diesel to maintain stable…
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NMDPRA Urges Nigerians to Stay Calm, Says Fuel Supply Remains Stable
NMDPRA has urged Nigerians to stop panic buying of fuel, assuring steady nationwide supply. The…
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ICAN Marks 2025 Global Accounting Day, Calls for Integrity and Innovation in the Profession
ICAN members and students gathered at YABATECH, Lagos, to mark the 2025 International Accounting Day.…
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Tinubu Reaffirms Commitment to Power Sector Reform, Promises Improved Electricity Supply
President Tinubu has reaffirmed his plan to boost Nigeria’s power sector and improve citizens’ welfare.…
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Government Borrowing Hits ₦17.36 Trillion, 55% Above Target
Nigeria’s borrowing has exceeded expectations, reaching ₦17.36 trillion in just ten months. Economists fear the…
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Edo Government Approves N1bn Loan Scheme to Empower Market Women
The Edo State government has approved a N1 billion soft loan for market women to…
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Oando Halts Petrol Imports as Dangote Refinery Dominates Fuel Market
Oando Plc has halted petrol imports following increased fuel supply from Dangote Refinery. The firm…
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FG to Replace Emergency Travel Certificate with Single Travel Emergency Passport for Nigerians Abroad
The Federal Government has unveiled plans to launch the Single Travel Emergency Passport for Nigerians…
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Apapa Customs Breaks Record with N304bn October Revenue
The Nigeria Customs Service, Apapa Command, has set a new record with N304 billion revenue…
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FG Moves to End Sale of Airline Tickets in Foreign Currency
The Federal Government plans to stop international airlines from selling flight tickets in dollars. NANTA…
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Otedola Applauds Tinubu’s 15% Tariff on Fuel Imports, Calls It a Lifeline for Local Refineries
Femi Otedola has hailed President Tinubu’s new 15% import tariff on petrol and diesel. He…
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Dangote Refinery Assures Steady Fuel Supply as Production Surpasses National Demand
The Dangote Refinery has assured Nigerians of steady fuel supply during the festive season, pledging…
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Nvidia Becomes First Company to Reach $5 Trillion Market Value Amid AI Surge
Nvidia has become the first publicly traded company to reach a $5 trillion market value…
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Nigerians Lost Over N316bn to Ponzi Schemes, SEC Warns Against Greed and Ignorance
The Securities and Exchange Commission says Nigerians have lost about N316 billion to Ponzi schemes…
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NIPOST Launches Automated Payment Platform to Ease International Parcel Clearance
The Nigerian Postal Service has launched an Automated Payment Solution for international parcels to improve…
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FG Targets 2026 for Full Implementation of National Single Window to Boost Port Efficiency
The Federal Government plans to fully implement the National Single Window system across Nigeria’s ports…
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Tinubu Approves 15% Import Duty on Petrol and Diesel, Pump Price Likely to Rise
President Bola Tinubu has approved a 15% import duty on petrol and diesel to support…
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PETROAN Urges Fair Competition to Prevent Monopoly in Oil Sector
PETROAN has urged the government to ensure open competition and fair access in Nigeria’s downstream…
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Reps Approve $2.35bn Loan Request to Fund 2025 Budget
The House has approved President Tinubu’s request for $2.35 billion in external loans. Lawmakers also…
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VAT Reforms to Boost States’ Revenue Above N4tn Yearly from 2026
States are projected to earn over N4tn yearly when new VAT rules start in 2026.…
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CBN Rejects Claims of $1.25bn Fuel Import Allocation
The CBN says it did not provide $1.259 billion for fuel importation in Q1. It…
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FG Raises Housing Loan Limit to Boost Civil Servants’ Welfare
The Federal Government has raised housing loan limits for civil servants across different grade levels.…
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Nigeria’s Per Capita Income Falls 66% in 2024, 65 Million More Pushed Into Poverty
A new report shows Nigeria’s living standards suffered a major decline in 2024 economy wide.…
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Dangote Refinery Re Employs Sacked Engineers, Redeploys Them to New Project Sites Across Nigeria
Dangote Refinery has begun recalling engineers earlier removed during a dispute with PENGASSAN. Some workers…
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Foreign Investment in Nigerian Stocks Surges to Over N1tn
Foreign investment in Nigeria’s stock market has risen sharply, showing stronger trust from global investors.…
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FIRS Reports N47.39tn Tax Revenue in Two Years
FIRS reports N47.39tn tax revenue under Zacch Adedeji, surpassing targets significantly in the last year.…
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OPSN Opposes Senate Move to Take Over NSITF
The Organized Private Sector rejects proposed changes to the NSITF Act currently before lawmakers. They…
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Dangote Refinery to Double Output, Targets 1.4m Barrels Daily by 2028
Dangote plans a huge refinery expansion to boost Nigeria’s fuel supply and energy independence. He…
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World Bank to Commit $14bn for Agriculture Growth
World Bank plans major investment to help small farmers move from survival farming to profitable…
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Nigeria Removed from Global Money Laundering Watch List
Nigeria has been removed from the Financial Action Task Force (FATF) gray list after meeting…
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FCMB Adds In-App Mutual Fund Investment Feature to Boost Digital Banking Experience
FCMB has launched a new feature on its mobile app that lets users open investment…
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Zenith General Insurance Donates to Lagos Orphanages
Zenith General Insurance has donated food and essential supplies to two Lagos orphanages as part…
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UBA Inducts 700 Young Graduates Into Workforce Under Leadership Program
UBA has inducted over 700 young professionals through its Graduate Management Accelerated Program. Chairman Tony…
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Questions and Answers on Nigeria’s New Tax Law: What You Must Know Before 2026
Nigeria’s new tax law takes effect in 2026, reshaping how citizens and businesses pay tax.…
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FG Orders MDAs to Submit Bank Statements Over TSA Violations
The Federal Government has ordered all MDAs to submit records of bank accounts held in…
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Dangote Refinery Says Over 310 Million Litres of Petrol Ready for Loading
Dangote Refinery has assured Nigerians it has over 310 million litres of petrol ready for…
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