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Business and Economy

President Tinubu Flags Off Nigeria’s Largest Agricultural Mechanisation Drive with 2,000 Tractors

President Bola Ahmed Tinubu has officially launched 2,000 tractors and over 9,000 farming implements under the Renewed Hope Agricultural Mechanization Programme (HEDA), marking the...

Nigeria, Chinese Firm Sign MoU to Roll Out Direct-to-Device Satellite Connectivity

Nigeria’s National Space Research and Development Agency (NASRDA) has signed a Memorandum of Understanding (MoU) with Chinese satellite technology company Galaxy Space to deploy...

Senate Demands Explanation from NNPCL Over ₦210 Trillion Financial Discrepancy

The Nigerian Senate has issued a one-week ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to account for over ₦210 trillion in questionable...

Nigeria Urgently Needs Private Sector Investment to Bridge $2.3 Trillion Infrastructure Gap – ICRC

The Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, has called for immediate and robust collaboration between the public and private...

Benue food inflation drops to 22% despite deadly attacks

Benue State recorded the sharpest decline in food inflation nationwide in May 2025, dropping to 22.0% year-on-year from 51.8% in April — a staggering...

CBN Forbearance Exit: Six Nigerian Banks Face Profit, Dividend Strain Amid Rising Credit Risks

Nigerian banks are bracing for tighter profitability, reduced capital buffers, and a possible rise in non-performing loans (NPLs) as the Central Bank of Nigeria...

ICAN Sokoto Installs Ganiyu Mustapha as 6th Chairman

By Muhammad Ibrahim, Sokoto  The Sokoto State chapter of the Institute of Chartered Accountants of Nigeria (ICAN) has officially installed Alhaji Ganiyu Mustapha as its...

Aliko Dangote Steps Down as Chairman of Dangote Sugar Refinery After 20 Years, Arnold Ekpe Takes Over

Billionaire industrialist Aliko Dangote is set to retire as Chairman of Dangote Sugar Refinery Plc after two decades of steering the company’s growth and...

Nigeria’s Exports Reach ₦20.6 Trillion in Q1 2025, Driven by Crude Oil and Trade with China

Nigeria’s total exports surged to ₦20.598 trillion in the first quarter (Q1) of 2025, marking a 7.42% increase from ₦19.176 trillion recorded in Q1...

Naira Holds Firm Below N1,600/$ Amid Holiday-Driven Low Trading Volumes

The Nigerian naira maintained its position below the N1,600 per dollar mark in the unofficial market during the recent public holidays, trading in a...

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