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DMO Raises N271.2 Billion at March Bond Auction

DMO raised N271.2 billion in its March 2025 bond auction, with overwhelming demand for the nine-year bond and unchanged coupon rates.
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Aviation Workers to Close Airports on March 31 Over Assault

Key Points The aviation unions announced their intention to close airports starting March 31,...
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9mobile Refutes Shutdown Rumours, Pledges Improved Services

KEY POINTS 9mobile has dismissed the network shutdown speculations because these claims lack basis...
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Nigeria Attracts $14billion, €250million Foreign Investments

Nigeria secures $14bn from India and €250m from the Netherlands, with a 300% oversubscription on Eurobonds and strategic MOUs with ten countries.
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MTN Group Faces Profit Slump Amid Naira Devaluation and Sudan Conflict

KEY POINTS MTN Group’s headline earnings per share dropped by 69% due to the...
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How Nigeria Rejected Binance’s $5 million Offer for Gambaryan’s Release

Nigeria rejected Binance's $5 million offer for Tigran Gambaryan’s release, demanding more data and a fair settlement to resolve legal issues.
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Nigeria’s Inflation Rate Drops to 23.18% in February 2025

KEY POINTS  Nigeria’s inflation rate dropped to 23.18% in February 2025, down from 24.48%...
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BIPC to Open CNG Conversion Centre in Makurdi

BIPC is set to open a CNG conversion centre at its remodeled Makurdi petrol station, providing CNG refueling and vehicle conversion services for a cleaner, cost-effective fuel alternative.
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NANS Rejects Telecom Tariff Hike, Threatens Nationwide Protest

KEY POINTS The governing body NANS opposes the telephone-rate growth since it creates undue...
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Africa’s Second-Largest City Economy is Lagos

Lagos has become Africa’s second-largest city economy, with its GDP hitting $259 billion. The state projects continued growth amid economic reforms and infrastructure investments.
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House of Representatives Calls for Suspension of CBN’s ATM Charges

KEY POINTS The House of Representatives has urged the CBN to suspend its planned...
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EFCC Lists 58 Illegal Ponzi Scheme Operators in Nigeria

The EFCC listed 58 illegal ponzi scheme operators in Nigeria, warning the public about companies not registered with CBN or SEC.
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