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SEC Calls on Nigerian Capital Market to Embrace Innovation

The Nigerian Securities and Exchange Commission (SEC) is urging stakeholders in the Nigerian capital market to embrace innovation as a driver of economic growth and sustainable development. Dr. Emomotimi Agama, Director-General of the SEC, highlighted the potential of innovative financial instruments and fintech to unlock new opportunities and address socio-economic challenges. The SEC is committed to fostering a regulatory environment that encourages responsible innovation in the Nigerian capital market, focusing on sustainability and collaboration among stakeholders.
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CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.

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US Lawmakers Push for Release of Detained Binance Executive

US lawmakers are pushing for the release of a detained Binance executive, emphasizing the need for fair treatment and transparency in the legal proceedings. The case highlights significant concerns over international regulatory compliance and due process.
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Nigerians to Start Using Three-in-One ID Card in August

Nigeria will introduce a three-in-one identity card in August, integrating identity, financial, and social services into a single card, according to NIMC
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Outcry Over Governors’ Remarks on Proposed N60,000 Minimum Wage

Nigerians criticize governors for dismissing proposed N60,000 minimum wage as unrealistic, calling the move insensitive amid economic hardships.
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Police Defy Governor’s Orders on Deposed Emir

A tense standoff has emerged in Kano, Nigeria, between the police and the governor over the eviction of the deposed Emir. The Emir remains in his residence as the court date approaches.
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Nigeria’s Minimum Wage Crisis Deepens: Strike Disrupts Economy

Nigeria's unresolved minimum wage crisis led to a two-day strike, causing significant economic disruptions. Urgent action is needed to prevent further damage.
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Nigeria’s Debt Surges by N24.33 Trillion in First Quarter

In the first quarter of 2024, Nigeria's total debt stock rose sharply by N24.33 trillion, reaching N121.67 trillion.
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UBETAS’ $550M Project to Boost Nigeria’s Domestic Gas Supply

UBETAS Limited has unveiled a $550 million project to expand Nigeria's domestic gas supply, aiming to boost local production and distribution, enhance energy security, and support economic growth.
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Rivers Caretaker Chairmen Take Oaths, Face Locked Council Offices

Newly appointed caretaker committee chairmen in Rivers State, Nigeria, face a unique challenge: locked council offices guarded by police. Despite this hurdle, the chairmen have begun working from temporary locations and outlined development plans. The situation creates uncertainty regarding access to resources and potential disruption to local services.
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UNODC Warns of 40% Increase in Africa’s Drug Use by 2030

UNODC projects a 40% rise in Africa's drug use by 2030, urging intensified prevention and asset seizure efforts.
Business

FG Seeks Additional $4.4 Billion Loan as Debt Hits N101 Trillion

Nigeria anticipates fresh loans totaling $4.4 billion to fund development in energy, education, and economic reforms amidst rising national debt.
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Foreign Investors Boost Nigerian Stock Exchange with 437% Trade Surge

The Nigerian Stock Exchange sees a 437% surge in foreign investor trades, driven by improved market conditions and favorable government policies, signaling renewed economic confidence.
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Nnamdi Kanu Seeks Negotiation to Resolve Charges, Court Adjourns Trial

In a surprising turn of events, Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), expressed his willingness to negotiate with the Nigerian government to resolve the charges against him.
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SEC Calls on Nigerian Capital Market to Embrace Innovation

The Nigerian Securities and Exchange Commission (SEC) is urging stakeholders in the Nigerian capital market to embrace innovation as a driver of economic growth and sustainable development. Dr. Emomotimi Agama, Director-General of the SEC, highlighted the potential of innovative financial instruments and fintech to unlock new opportunities and address socio-economic challenges. The SEC is committed to fostering a regulatory environment that encourages responsible innovation in the Nigerian capital market, focusing on sustainability and collaboration among stakeholders.
News

CBN Reforms Boost Investment to Four-Year High

CBN reforms have driven investment inflows to a four-year high in Nigeria, signaling positive economic growth and enhanced investor confidence.
Business

Court Rejects Nnamdi Kanu’s Human Rights Suit Against FG

Court dismisses Nnamdi Kanu’s N1 billion human rights suit, finding no sufficient evidence of rights violations by the DSS or the Nigerian government.
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Army, Police Begin Borno Clearance After Deadly Bombings

Police and army start clearance operations in Borno after deadly bombings, aiming to prevent further threats and ensure public safety.

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