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Nigeria’s Deepening Poverty Crisis Sparks ADC Concern

139 million Nigerians now live in poverty despite Tinubu’s reforms; rural areas suffer highest deprivation.
News

Nigeria, COMAC in Talks to Boost Local Airline Fleet

Nigeria and COMAC move closer to an aircraft partnership that could transform local aviation through affordable fleet expansion and training initiatives.

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Business

Sahara Group Targets 350,000-Barrel Output With New Oil Rigs

Sahara Group boosts oil production plans with new rigs, targeting 350,000 barrels daily under Tope Shonubi’s push for energy growth in Africa.
Business

Payaza Repays $13.9 Million Commercial Paper

Payaza completes $13.9 million repayment under its commercial paper plan, reinforcing investor trust and showing Nigeria’s fintech market maturity.
Business

Roosevelt Ogbonna Buys $20 Million London Mansion

Roosevelt Ogbonna buys a $20 million Hampstead mansion, highlighting his growing global footprint beyond Access Bank’s expansion strategy.
Business

Nigeria to Tax Remote Workers, Influencers in 2026

Nigeria will tax income from remote workers, influencers, and imports starting January 2026 under sweeping new reforms, according to the presidential tax committee
Business

Otedola Denies Subsidy Fraud Links, Calls Allegations Baseless

Femi Otedola dismisses claims linking him to Nigeria’s fuel subsidy fraud, insisting Zenon Petroleum only traded diesel and that he helped expose the scheme.
Business

Oskar Ibru, Eldest Son of Ibru Dynasty Founder, Dies at 68

Oskar Ibru, chairman of the Ibru Organization, has died, leaving behind a legacy that shaped Nigeria’s economy across shipping, oil, and agriculture.
Business

Gabon’s Samuel Dossou-Aworet Deepens Bet on Nigeria’s Aradel

Oil mogul Samuel Dossou-Aworet has lifted his stake in Aradel Holdings to nearly 14%, reinforcing his $500 million Nigerian energy portfolio.
Business

Nigerian Business Leader Oskar Ibru Dies at 67

Nigerian businessman Oskar Ibru, eldest son of late tycoon Michael Ibru and chairman of the Ibru Organization, has died at 67.
Business

Otedola Raises Stake in First HoldCo by ₦2.01 Billion

Femi Otedola increases stake in First HoldCo by N2.01 billion, strengthening his hold in Nigeria’s oldest financial institution.
Business

Nigerian Energy Mogul Ahonsi Unuigbe Takes Helm At Marconi

Ahonsi Unuigbe, founder of Petralon Energy and chairman of NGX, has been named chairman of Marconi.NG EPC Limited, strengthening his footprint in Nigeria’s energy and financial markets.
Business

Abdul Samad Rabiu Fortune Rebounds By $500 Million

Abdul Samad Rabiu fortune rebounds by $500 million as BUA Foods shares rally, cementing his place as Nigeria’s richest stock market investor.
Business

14 Nigerian Banks Meet New CBN Capital Rules, Cardoso Says

CBN Governor Olayemi Cardoso says 14 Nigerian banks have now met new capital requirements, marking strong progress in the recapitalisation drive launched in March.
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News

Nigeria’s Deepening Poverty Crisis Sparks ADC Concern

139 million Nigerians now live in poverty despite Tinubu’s reforms; rural areas suffer highest deprivation.
News

Nigeria, COMAC in Talks to Boost Local Airline Fleet

Nigeria and COMAC move closer to an aircraft partnership that could transform local aviation through affordable fleet expansion and training initiatives.
News

Government Orders 30-Day Deadline for Unused TETFund Grants

Nigeria’s government has issued a 30-day ultimatum to universities and polytechnics to account for unused TETFund allocations or risk severe sanctions.
News

Tinubu Explains Choice of Amupitan as INEC Chairman

Tinubu defends appointing Prof. Sani Amupitan as INEC chairman, citing his integrity, legal expertise, and focus on electoral reform.

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