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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. He cited his intention to contest the Oyo State governorship and comply with electoral laws. His exit marks a significant development ahead of upcoming elections in the state. Nigeria’s Minister of...
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FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing states getting ₦120.759 billion derivation. The finance minister chaired his first FAAC meeting, marking another ₦2 trillion-plus distribution this year. Statutory revenue increased, but VAT and key oil-related revenues recorded...

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Telecoms FDI Plunges $322.8M in Nigeria, NBS Reports Decline

In 2023, Nigeria's telecom sector faced a significant FDI decrease of $322.8 million, reflecting challenges in attracting foreign investments for the country's digital infrastructure, NBS data reveals.
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Nigeria May Import Cement to Curb Price Hike

    Nigeria’s government has warned that it may resort to importing cement if the local...
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Strategic Moves Ahead as Banks Gear Up for a $1 Trillion

Nigerian banks set to navigate a transformative recapitalization journey, aligning with CBN's vision for a robust $1 trillion economy.
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Nigerian Breweries Plunges into Loss as Naira Crashes

Nigerian Breweries Plc, the country’s leading beer maker, posted a net loss of N106.3...
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IMF Boosts Nigeria with $65 Billion Amid Rising Food Crisis

The IMF allocates $65 billion to Nigeria, spotlighting the urgent need for subsidy reforms amidst escalating food insecurity affecting millions.
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Tinubu Vows to Revolutionize Agriculture for Nigeria’s Self-Sufficiency in Food Production

President Tinubu commits to transforming Nigeria's agriculture to achieve food self-sufficiency and boost economic growth through strategic investments.
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Access Holdings Plc to Appoint Acting CEO After Wigwe’s Tragic Demise

Access Holdings Plc responds to CEO Herbert Wigwe's tragic demise, plans seamless leadership transition with appointment of interim CEO.
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Airlines Face Collapse as Aviation Fuel Hits N1,300 Per Litre

Airlines face crisis as aviation fuel prices hit record highs, prompting calls for urgent government action to prevent industry collapse.
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Nigeria’s Tech Boom: How the Country Became Africa’s Largest Developer Hub

Nigeria, Africa’s most populous nation and largest economy has seen a remarkable surge in...
Business

Nigeria Launches $2.5bn Carbon Market Plan for Green Growth

Nigeria unveils ambitious plan to become a hub for carbon market investments, positioning for sustainable growth.
Business

Nigeria’s Central Bank Refuses to Settle $2.4 Billion of Fraudulent FX Claims

Nigeria’s Central Bank (CBN) has announced that it will not pay off $2.4 billion...
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CBN Implements Strict FX Regulations on Banks Amid Naira Depreciation

In a bold move, CBN tightens FX regulations for banks, aiming to curb naira's free fall and stabilize the Nigerian economy.
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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. ...
News

FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing...
News

Senate Orders Full Probe Into Boko Haram Attacks on Military Bases in Borno

KEY POINTS The Senate ordered a full military audit following deadly attacks on bases...
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Court Orders DSS to Detain Six Suspects Over Alleged Terrorism in Abuja

KEY POINTS Six defendants were arraigned in Abuja on a 13-count charge of alleged...