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Economy

FG approves two new satellites for $1tn economy goal

The Federal Government has approved the purchase of two new communication satellites. This move aims to boost Nigeria’s digital infrastructure and support President Bola Tinubu’s plan to grow the economy to $1tn. The Minister of Communications and Digital Economy, Mr Bosun Tijani, disclosed this on Wednesday in Abuja. He spoke at a press conference to […]

Business

Anambra extends Monday sit-at-home crackdown to 12 markets

The Anambra State Government has intensified its efforts to eliminate the Monday sit-at-home order by extending enforcement to traders in 12 additional major markets. The government has directed these traders to resume full business operations on Mondays or risk temporary closure of their markets. This escalation follows the one-week shutdown of Onitsha Main Market earlier […]

State police bill scales second reading at House of Reps
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Police bust N7.7bn telecom airtime, data theft

Operatives of the Nigeria Police Force have arrested six suspects over the alleged hacking of a telecommunications company’s system to divert airtime and mobile data valued at N7.7 billion. In a statement on Wednesday, the force spokesperson, Benjamin Hundeyin, said the suspects unlawfully accessed the company’s core systems to carry out the operation. Those arrested […]

Business

NNPC raises petrol price to N835 in Lagos

NNPC Limited has raised the pump price of petrol to N835 per litre in Lagos and N839 per litre in Abuja. On Wednesday, it was reported that NNPC Limited implemented the price adjustment across its retail outlets in the Federal Capital Territory. The company also raised the pump price in Lagos by N50, from N785 […]

Investment

Niger secures $163m solar power deal from Islamic Development Bank

Niger State is set to partner with the Islamic Development Bank on a major $163 million solar electrification initiative aimed at boosting power supply while enhancing support for agriculture and industrial growth. The ambitious project entails building a 100-megawatt solar power facility in the north-central region of Nigeria, utilizing approximately 200 hectares of land. The […]

Economy

Nigeria poised to unlock billions in procurement opportunities — W’Bank

The World Bank Group has highlighted billions of dollars in business opportunities for Nigerian companies as its Africa West portfolio grows, with local firms already securing most contracts. Nazaneen Ismali Ali, the bank’s regional procurement manager for Africa West and Central, said the region currently holds $63.5 billion in active commitments across 315 projects in […]

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Dollar sinks further amid Trump’s tariff threats, policy uncertainty

The United States’ dollar struggled to bounce back on Wednesday following another selloff fuelled by President Donald Trump’s suggestion he was happy with the currency’s recent decline, while tech firms helped most equity markets extend their rally. According to AFP, traders are also keeping an eye on the Federal Reserve’s latest meeting, hoping for some […]

Business

Tinubu secures $5bn trade deal with Türkiye

President Bola Tinubu announced that Nigeria and Türkiye are creating a clear pathway to a five-billion-dollar trade volume between the two countries. “We are creating a clear pathway to a five-billion-dollar trade volume between Nigeria and Türkiye,” Tinubu stated. The President disclosed this on Tuesday via his official X handle during his ongoing State Visit […]

EU rules out fee for tech giants under digital markets act
Economy

EU urges greater defence role in NATO as Trump shifts focus

Europe must step up efforts on defence and play a bigger role in NATO as United States President Donald Trump has “shaken the transatlantic relationship to its foundation”, EU top diplomat Kaja Kallas said on Wednesday. “Let me be clear: we want strong transatlantic ties. The US will remain Europe’s partner and ally. But Europe […]

Business

FG hits full subscription for first power sector bond

The Federal Government has achieved full subscription for its N501 billion maiden power sector bond under the Presidential Power Sector Debt Reduction Programme, reflecting strong investor confidence in ongoing electricity market reforms. This was disclosed on Tuesday by the Special Adviser to the President on Energy, Mrs. Olu Arowolo Verheijen, via X (formerly Twitter). Proceeds […]

Business

Dangote appoints MTN CEO to steer fertilizer business expansion

Dangote Industries, owned by Africa’s richest man, has appointed MTN Group Ltd. CEO Ralph Mupita to the board of its fertilizer subsidiary as it gears up for expansion and a potential listing in Nigeria. Dangote Fertiliser Ltd. Managing Director Vishwajit Sinha confirmed Mupita’s appointment in an email response to inquiries. The high-profile addition comes as […]

Business

FG forms committee to restore Aluminium Smelter Company operations

The federal government has inaugurated an 11-member project delivery committee in a renewed effort to revive the Aluminium Smelter Company of Nigeria and restore it to full operational capacity in the near future. The committee includes three representatives from ALSCON, two from the Niger Delta Power Holding Company, two from the Transmission Company of Nigeria, […]

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