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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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Lagos Traders Lose Billions as Waste Agency Shuts Down Markets

The Lagos Waste Management Authority (LAWMA) has closed several markets in Lagos, Nigeria’s commercial...
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Nigeria’s NNPC/Aiteo Joint Venture Introduces Nembe Crude Oil

NNPC/Aiteo Joint Venture launches Nembe Crude, a new eco-friendly Nigerian crude oil grade in the global market.
Business

Ogbomoso Prepares for Global Impact through Digital, Economic Summit

Ogbomoso's Digital Economy Summit marks a pivotal shift to a tech-driven future, uniting experts and visionaries in transformative dialogue.
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Regulatory Breaches Lead to N1 Trillion Property Loss for Investors

Lagos State's property investors face over N1 trillion in losses due to corruption, poor...
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FG Vows to Boost SMEs, Calls Them Economy’s Lifeblood

The federal government has vowed to implement policies that will enhance Small and Medium...
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BUA Claps Back at Dangote Allegations

In a direct rebuttal to allegations made by Aliko Dangote, BUA Group has issued...
Business

Nestle Nigeria Faces Financial Crisis Due to Naira Devaluation

Nestle Nigeria, the country’s leading food and beverage company, has reported a massive loss...
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JP Morgan Forecasts Naira to Reach N850/$ by Year-End: What It Means for Nigeria

JP Morgan, a renowned global financial services company, has made a prediction that the...
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How Tizeti’s New Funding Will Boost Internet Access in Nigeria

Nigeria’s leading solar-based internet service provider, Tizeti, has secured a long-term debt financing deal...
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FEC Greenlights N2.17trn 2023 Supplementary Budget

The Federal Executive Council (FEC) approved a N2.17 trillion supplementary budget for 2023. This...
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Nigeria’s Economic Woes Deepen Amid Inflation, FX Shortages

Amid soaring inflation rates and a dwindling foreign exchange (FX) reservoir, Nigeria's economic health...
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Tinubu, Scholz Talk Security, Economic Ties in Bilateral Meet

President Bola Tinubu assured German Chancellor Olaf Scholz of Nigeria's dedication to transformative governance...
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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...