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Reforms alone not enough, CFG advisory CEO warns FG

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Aviation

Fire rocks Lagos airport terminal, no injuries reported

The Federal Airports Authority of Nigeria reported a fire at Terminal One of Murtala Muhammed International Airport in Lagos on Monday. According to FAAN, no casualties have been recorded, and its firefighting team is actively working to control the blaze. The agency stated that its firefighting team is currently working to bring the situation under […]

News

Lagos approves 13% fare increase for all bus services

The Lagos State Government has authorized a 13 per cent fare hike for all services under the Bus Reform Initiative, covering both the Bus Rapid Transit system and conventional bus routes across the state. Governor Babajide Sanwo-Olu approved the increase following a heartfelt appeal from licensed public transport operators, who cited growing economic pressures jeopardizing […]

Tech

Software companies pause debt issuances over AI disruption threats

Software companies are postponing debt deals as rising borrowing costs and increased lender scrutiny weigh on the sector, even as growing pressure from artificial intelligence threatens their business models. Firms in the United States and abroad have already paused or delayed fundraising, with lenders and investors bracing for AI to disrupt the industry, according to […]

Business

FG seeks Chinese funding for power, mining projects

The Federal Government is seeking to attract up to $5.7 billion in potential Chinese investments to strengthen key sectors of Nigeria’s economy, such as power generation, mining, and industrial manufacturing. This initiative comes after a meeting in Abuja between the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation […]

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NGX all-share index hits all-time high

Nigerian Exchange Limited is commanding heightened investor attention as several listed companies climb to fresh all-time highs and new 52-week peaks. This development is reinforcing confidence in equities amid the nation’s evolving economic and regulatory reforms. The Nigerian capital market last week closed what analysts described as a historic trading session. Momentum has shifted into […]

Business

Lasaco Assurance strengthens capital base for sustainable growth

Lasaco Assurance Plc has announced a strategic pivot aimed at reinforcing its capital base and sharpening its execution focus to drive sustainable growth in Nigeria’s evolving insurance market. The company said the move will align its resources, governance, and operational capabilities with changing regulatory requirements while positioning it to compete more effectively in a highly […]

Investment

Manufacturing investment droped 54% despite capital surge in 2025 — Report

Foreign investment into Nigeria’s production and manufacturing sector in the first nine months of 2025 dropped 54.11 per cent, according to The PUNCH. This occurred despite a 131.96 per cent surge in overall capital importation. The productive sector attracted $463.52m between January and September 2025. This was down sharply from $1.01bn recorded in the corresponding […]

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Ado Bayero Mall not for sale — Mgt

The management and owners of Ado Bayero Mall have debunked reports circulating online that the mall is up for sale. They described the claim as misleading and untrue. In a statement signed by the General Manager, David Okpanachi, on behalf of the management, the mall stated that it had not appointed any agent or representative […]

Agribusiness

FG partners NAICOM to reform agricultural insurance framework

The Federal Government is preparing to overhaul the agricultural insurance framework through a strategic partnership between the National Insurance Commission and the Federal Ministry of Agriculture and Food Security. The collaboration seeks to strengthen protection for farmers and support national food security goals. A statement issued by NAICOM on Saturday detailed the initiative. It followed […]

Manufacturers, importers to stop supplying drugs to Kano market
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NAFDAC alerts public on tampered SMA Gold formula in Kaduna

The National Agency for Food and Drug Administration and Control has issued a warning to healthcare providers and the public about a suspected revalidated SMA Gold First Infant Milk Formula found on sale in Kaduna State. The safety alert followed a complaint that the product allegedly caused gastrointestinal distress in a four-month-old infant after consumption. […]

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