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Hormuz vessel traffic slumps after brief weekend surge

  • 19th April 2026

FG borrows N100bn from unclaimed dividends

  • 19th April 2026

New mini-grid rules will unlock renewable energy expansion

  • 19th April 2026
Anthropic counters OpenAI with $1 AI offer to government branches

UK banks to access guarded Anthropic AI model

  • 18th April 2026

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Anthropic counters OpenAI with $1 AI offer to government branches

US deploys Anthropic AI tool despite Pentagon risk concern

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Jeff Bezos' Blue Origin to lay off 10% workforce

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Samsung blames US AI chip sanctions for profit slump, shares dip

Samsung signs first EV battery deal with Mercedes-Benz

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FAAC funds to FG, states hit 7-year high in 2023

FG rejects claims of diversion from federation revenue

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Nigeria’s inflation drops 21 per cent

For the first time in 11 months, Nigeria’s inflation rate decreased to 21.34 percent. Prior to November 2022, when it hit 21.47 percent, the country’s inflation rate had climbed for 10 consecutive months. In its most recent report, the National Bureau of Statistics stated that the country’s inflation rate decreased by 0.13 percent between November […]

News

CBN’s problem is not Emefiele, says Obi

The Presidential Candidate of the Labour Party, Peter Obi, has stated that the problem of the Central Bank of Nigeria is not with its president, Godwin Emefiele. Obi, while speaking at the Chatham House in London on Monday stated that if elected as the president of Nigeria in the 2023 presidential election, he will ensure […]

How 0.5% import tax will boost Nigerian economy - CPPE
Economy News

How 0.5% import tax will boost Nigerian economy – CPPE

Nigeria’s economy operating costs, production costs, and inflation will increase as a result of the 0.5% tax that is being imposed on all imports from Africa for the 2023 Finance Bill. This information was provided to Nairametrics by Dr. Muda Yusuf, Director of the Centre for the Promotion of Private Enterprise, titled, “Tweaking the 2023 […]

Energy

Falana faults FG over irregular petroleum products prices

Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, has condemned the attitude of the Federal Government in allowing private companies to fix prices of petroleum products. He also called on the FG to tell Nigerians why the migration from PMS to CNG has been abandoned.Falana, according to Vanguard, in a statement issued on […]

News Uncategorized

Customs generates N242bn revenue at Onne Port in 2022

The Nigeria Customs Service has said it generated N242,090,629,309.60k revenue in 2022.The Area Controller Nigeria Customs Service Area ll Command Onne Port, Comptroller Auwal Mohammed made this known, attributing the revenue collection to three key operational indices.Vanguard reported that according to Mohammed, the factors were regular stakeholders engagement, increased compliance level of the port users […]

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How bank borrowing from CBN hit N21.87trn

Data from the Central Bank of Nigeria financial information has revealed that deposit money banks borrowed N21.87 trillion from the CBN in 2020 through the Standing Lending Facility window and the Repurchase Lending platform. When compared to the N5.744tn recorded via the same windows in 2022, this is a 260 percent increase. However, when compared […]

News

A’ibom automobile assembling plant’ll boost economy – Govt

  The Akwa Ibom State Government has promised that the automobile assembly and production facility in the Itu Local Government Area’s Ikot Ukap Itam will improve the state’s economy. According to Vanguard,this was disclosed by the commissioner for Economic Development, Mr Emem Bob, during the facility inspection over the week. Bob, whose ministry oversees the […]

Banking

Mobile bank transfers hit N19.4 trillion in 2022

The Nigeria Inter-Bank Settlement System has revealed that in 2022, Nigerian bank clients sent a combined total of N19.4 trillion in mobile money transfers. According to Nairametrics, the N8 trillion in 2022 represents an increase of 142% over the previous year. The number of mobile inter-scheme transactions increased by 151% between 2021 and 2022, from […]

NPA records N501bn revenue in 2023
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How Nigeria’s non-oil exports hit $4.8bn 2022 – NEPC

Nigeria’s non-oil exports increased by 39.91% to $4.820 billion in 2022. Semi-processed and manufactured goods accounted for 36.61% of exports, exceeding agriculture’s total of non-oil exports of 30.12%. This information was provided on Friday in Abuja during a presentation of the non-oil export performance for the year 2022 by the Executive Director/CEO of the Nigerian […]

Business

NNPC to begin oil drilling in Nasarawa

The Group Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari, has announced that official oil drilling in Keana, Nasarawa State will begin from March 2023.   The NNPC group CEO disclosed this on Friday during an official visit by the Nasarawa State Governor, Abdullahi Sule, to the NNPC office in Abuja, according […]

Ondo court orders CBN to freeze Polaris bank account
News

Ondo court orders CBN to freeze Polaris bank account

The Central Bank of Nigeria has been directed by an Ondo High Court to freeze the account of Polaris Bank over a judgment debt of N2,162,561,509.84k. According to the Nation, the verdict was delivered by the presiding judge, Justice Adebusoye, in an application filed by Ondo Attorney General and Commissioner for Justice, Sir Charles Titiloye. […]

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