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Court Declines Fraud Case Against Zinox Boss

A fraud case filed against Zinox Technologies chairman, Leo Stan Ekeh, his wife Chioma Ekeh, and 11 others, has once again been dismissed by the court. The latest is the dismissal of... Read more »
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NNPCL Set To Raise Capital Through Share Sale

The Nigerian National Petroleum Company Limited has revealed that it is now in the final stages of preparing for its highly anticipated listing on the capital market, by the provisions of the... Read more »
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Nigeria Strengthen Commitment To AFCFTA Digital Trade Protocol

The federal government has reaffirmed its commitment to accelerating digital trade under the African Continental Free Trade Area (AfCFTA), urging global partners to support its efforts in expanding market access and economic... Read more »
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Custom Waivers Duties, VAT On Raw Materials For Healthcare Products

The Nigeria Customs Service (NCS) yesterday announced the exemption of raw materials for the production of healthcare products in the country from both duties and Value Added Tax (VAT). Customs Spokesman, Abdullahi Maiwada... Read more »
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Zenith Bank’s Net Profit Surges Past N1trillion, Declares N4 Final Dividend

Zenith Bank Plc has posted significant growth across its key performance indicators for the year ended December 31, 2024 The Bank’s impressive performance reflects effective management and pricing of its risk assets,... Read more »
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Petrol Price Set To Rise As Landing Cost Increases

The cost of importing premium motor spirit, popularly known as petrol, into Nigeria has increased to N885 per litre, up from N797 per litre recorded last week.  The Major Energy Marketers Association... Read more »
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Economists Downgrade 2025 Growth Outlook, Upgrade Later Years

The UK economy is now predicted to grow at a much slower pace this year than previously expected, according to the government’s official forecaster. Presenting her Spring Statement, Chancellor Rachel Reeves said... Read more »
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Cost- Cutting Measures To Drive Network Growth For MTN, Airtel Network

In a strategic move to optimise costs and expand coverage, MTN Group and Airtel Africa have signed agreements to share network infrastructure in Uganda and Nigeria. The collaboration is expected to reduce... Read more »
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Nigerian Entrepreneurs To Benefit From Cascador-NSIA Partnership

Cascador and the Nigeria Sovereign Investment Authority (NSIA) have formed a strategic partnership to drive innovation and support homegrown solutions with the potential for transformative impact.The partnership will enable them to build... Read more »
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FG Simplified Process Yields 308% Increase In Diaspora NIN Enrollment

The number of Nigerians in the diaspora enrolling for the National Identification Number (NIN) has surged by 307.88 per cent, jumping from 366,164 in 2023 to 1.49 million in 2025, as the... Read more »
Food

FG Pushes For Cold Chain Infrastructure To Boost Food Security

The Federal Government has affirmed commitment to strengthen cold chain infrastructure to enhance food security and reduce post-harvest losses in Nigeria. Minister of Agriculture and Food Security, Senator Abubakar Kyari, gave the... Read more »
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Nigeria, OECD Joins Forces To Combat Illicit Financial Flow

The OECD emphasised its growing engagement in Africa through partnerships with the African Union. According to a statement shared on the Ministry of Finance’s X account, the OECD emphasised its growing engagement... Read more »
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CBN FX Reforms Yield Positive Results Says Cardoso

While addressing Nigeria’s macroeconomic outlook, he acknowledged existing challenges but pointed to key indicators suggesting improvement. Cardoso stated this during an engagement with scholars from the Harvard Kennedy School (HKS) at the... Read more »
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Niger Secures $2.5billion Large-Scale Ranch Investment

A Brazilian firm is set to establish a large-scale ranch in Niger State to boost livestock production in the Country further. Information gathered that the $2.5b Livestock investment deal agreed with JBS... Read more »
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N4.7trn Debts Threatens Collapse Of Power Generation Companies

The Federal Government said it is taking necessary steps to offset the N4.7tn debt owed to power generation companies to avert a possible nationwide blackout. This came as stakeholders expressed fears that... Read more »
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Bitcoin Hits $87 As Crypto Prices Rise

Bitcoin and major cryptocurrencies saw significant gains in Monday’s early trading, with Bitcoin reaching approximately $87,480. This represents a 3.71% increase. Ethereum also experienced a notable rise, climbing 4.05% to trade at... Read more »
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Federal Government Launches N300 Billion Bond Sale to Support Infrastructure Development

In a strategic move to bolster its domestic borrowing efforts, the Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced the auction of two re-opened FGN... Read more »
Dangote Refinery

BREAKING: Dangote Refinery Reduces Petrol Cost to ₦815

The price war in the downstream oil sector continued on Thursday as the Dangote Petroleum Refinery quietly implemented a price reduction at its loading gantry, reducing the loading cost of its petrol... Read more »
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MTN, Airtel Lead As Telecoms Subscriptions Rise

Nigeria’s telecoms sector has witnessed a robust recovery, with active subscriptions surging to 169.3 million in January 2025, up from 164.9 million in December 2024. The Nigerian Communications Commission (NCC) made this... Read more »
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Naira Gains Value, Reaches N1,490 per Dollar in Parallel Market, N1,499.8 in NFEM

The Naira yesterday appreciated to N1,490 per dollar in the parallel market from N1,502 per dollar on Tuesday. Similarly, the Naira appreciated to N1,499.8 per dollar in the Nigerian Foreign Exchange Market... Read more »