BUSINESS AND ECONOMY
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Sahara Power and Crescendough Commission 180MW Afam II Plant, Bolstering Nigeria’s Grid
Nigeria has taken a major step toward solving its power crisis with the launch of…
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CBN June 3 Deadline Stands Firm as ABCON Urges Dialogue Over BDC Recapitalization
The Central Bank’s June 3 recapitalization deadline for BDCs has passed, leaving the sector in…
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Nigerian Banks Shift USSD Charges to Airtime Following NCC Directive Amid ₦250 Billion Debt Crisis
Starting June 3, Nigerian banks will no longer deduct USSD banking fees from customer accounts,…
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Moniepoint Secures 78% Stake in Kenya’s Sumac Microfinance After KopoKopo Deal Falls Through
Moniepoint has secured approval to acquire a 78% stake in Kenya’s Sumac Microfinance Bank, marking…
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CBN, Presidency Unveil National Framework to Rebuild Trust in Banking Sector
The Central Bank of Nigeria and the Office of the Vice President have unveiled a…
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OECD Cuts Global Growth Forecast as Trump’s Tariff Blitz Slows U.S. Economy
The OECD has cut its global growth forecast for 2025 and 2026, blaming trade tensions…
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Nigerian Stock Market Opens June Strong, Investors Pocket N179 Billion Amid Renewed Confidence
The Nigerian stock market opened June with a bullish run as investors gained ₦179 billion,…
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India to Launch Free Trade Talks with Russia-Led Eurasian Bloc in Strategic Economic Shift
India is gearing up to launch Free Trade Agreement talks with the Eurasian Economic Union,…
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AXIAN Telecom Buys 8% Stake in Jumia Amid Investor Exodus and Intensified eCommerce Pressure
AXIAN Telecom has taken an 8% minority stake in Jumia, signaling renewed investor confidence as…
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Sanofi to Acquire Blueprint Medicines in $9.5 Billion Deal to Expand Rare Disease Portfolio
French pharma giant Sanofi is set to acquire U.S.-based biotech firm Blueprint Medicines in a…
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Africa Energy Bank Secures 44% Capital, Set to Launch Operations from Abuja HQ
Africa is making a bold leap toward energy self-sufficiency as the Africa Energy Bank secures…
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SERAP Drags NNPCL to Court Over Alleged Missing ₦500bn Oil Revenue
SERAP has dragged the Nigerian National Petroleum Company Limited to court over the alleged disappearance…
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Fuel Price War: NNPCL Slashes Petrol to N895 as Dangote, Marketers Stir Competition
NNPCL has slashed petrol prices by ₦15, dropping the pump rate to ₦895 per liter…
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Oil Falls Below $65: Relief for Consumers, Setback for Producers
Brent crude has dropped below $65 per barrel, marking a significant decline that benefits global…
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OPEC+ Sticks to Oil Output Hike Strategy for July Amid Price Decline and Market Tensions
OPEC+ will raise oil output by 411,000 barrels daily in July, sustaining earlier hikes despite…
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Access Bank Completes Acquisition of National Bank of Kenya, Expanding Presence in East Africa
Access Bank has officially acquired Kenya’s National Bank from KCB Group, expanding its East African…
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Nigerian Stock Market Soars by ₦1.5 Trillion in a Week as Investors Rally Behind Consumer and Industrial Stocks
Nigeria’s stock market ended the week strong, adding ₦1.51 trillion in value as investors flocked…
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SEC Warns Nigerians: Unlicensed Investment Platforms Like TOFRO and Silverkuun Pose Massive Risk
The Securities and Exchange Commission has flagged Silverkuun and TOFRO as illegal operators, warning Nigerians…
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Aba Power Rolls Out 20,000 Free Prepaid Meters in Abia to Boost Transparency, Combat Energy Theft
Aba Power has launched a ₦3.5 billion rollout of 20,000 free prepaid meters along the…
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Seplat Powers Ahead: Redefining Nigeria’s Energy Future with Innovation and Impact
Seplat Energy has unveiled an ambitious vision to lead Nigeria’s energy transformation following its landmark…
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Shell Expands Its Deep-Water Presence with $510 Million Acquisition of Bonga Field
Shell has acquired TotalEnergies’ 12.5% stake in Nigeria’s Bonga oilfield for $510 million, boosting its…
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CBN Publishes New Forex Rates as Naira Weakens for Third Consecutive Day
The naira has weakened for the third straight session, falling to ₦1,606 per dollar at…
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Baillie Gifford’s Big Exit Sends Shockwaves Through Jumia’s Boardroom
Investor confidence in Jumia has taken a hit following the complete exit of its largest…
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ECOWAS Celebrates 50 Years in Lagos as Tinubu Champions Regional Revival During Golden Jubilee Festivities
President Tinubu marked ECOWAS’s golden jubilee with a bold call for action, urging leaders to…
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How to Secure Nigeria’s 2025 Creative Development Fund
The Nigerian government has launched the Creative Economy Development Fund to boost its thriving arts…
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