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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

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Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
News

Naira appreciates to 1,494.03/$ at official market

The naira appreciated to 1,494.03/$ at the official market on Thursday, according to FMDQ Securities Exchange Limited. It also strengthened in the parallel market to 1,510.00/$, narrowing the gap between both markets to 15.5/$. The gap between the official and parallel market exchange rates is narrowing, driven by various Central Bank of Nigeria policies. According […]

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Air Peace commits to passenger safety amid inflight theft incident

Air Peace has reaffirmed its commitment to passenger safety and took immediate action to address the situation. The airline confirmed an in-flight theft incident on Flight P47190, which occurred on February 19, 2025. In a statement signed by its Head of Corporate Communications, Dr. Ejike Ndiulo, Air Peace stated that upon landing at Port Harcourt […]

EU rules out fee for tech giants under digital markets act
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EU eyes US gas, renewables to cut Russian energy reliance

The European Union plans to secure more gas from suppliers like the U.S. while accelerating renewable energy expansion to reduce its dependence on fossil fuels. Despite cutting Russian pipeline gas imports after Moscow’s 2022 invasion of Ukraine, the EU increased its purchases of Russian liquefied natural gas last year. It aims to fully phase out […]

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Oil revenue crucial for Nigeria’s growth, diversification, development – Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has called for increased oil production to support Nigeria’s economic diversification and development. Speaking at the Nigeria Petroleum Industry Leadership Discourse in Abuja, on Thursday, the Heirs Holdings Chairman emphasized that oil revenues are vital for industrialization, energy security, and infrastructure growth. He stressed the need to maximize […]

Ex-Filmhouse MD Moses Babatope launches new entertainment company
News

Nigeria, Germany partner to boost agro-based investments

The 10th edition of Agrofood and Plastprintpack Nigeria brings together Nigerian and German stakeholders to enhance business development and knowledge exchange in agro-based investments. Organized by Fairtrade Messe, the event celebrates a decade of innovation and growth in Nigeria’s agro-food, plastics, printing, and packaging industries. Fairtrade Messe unveiled Germany as the Guest of Honour at […]

News

FG reaffirms commitment to market-driven crude oil pricing

The Federal Government has reaffirmed its commitment to market-driven pricing for crude oil, rejecting price-fixing. It emphasizes adherence to international best practices, allowing transactions based on a willing-seller, willing-buyer framework. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, stated this in Abuja during a meeting with members of the Oil Producers […]

C'River's 20km Road to boost economic growth - Lafarge
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Lafarge Africa empowers geoscientists, mining engineers in Ogun

Lafarge Africa Plc said it has trained geoscientists and mining engineers in Ogun State to enhance operational excellence and build capacity in Nigeria’s mining sector. In partnership with the Ogun State Ministry of Industry, Trade, and Investment, the company hosted a three-day training at its Ewekoro Training Centre. The program provided 25 participants with hands-on […]

Emirates to resume Nigerian flights Sept 11
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Emirates Airline invests $200m to enhance pharmaceutical logistics

Emirates SkyCargo, a subsidiary of the Emirates Group, saix the firm has invested $200 million in equipment and facilities to ensure pharmaceutical cargo receives top priority and reaches its destination without interruption or damage. Divisional Vice President Badr Abbas announced this on the second day of the Air Cargo and Transport Logistics Africa conference, where […]

Netflix commits over $23.5m into Nigeria entertainment industry - FG
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Netflix to invest $1bn in Mexico over four years

Netflix Chief Executive Officer, Ted Sarandos has announced a $1 billion investment in Mexico over the next four years to produce films and TV series. This move strengthens Netflix’s presence in one of the world’s most dynamic entertainment markets and expands its Spanish-language content library. Speaking At President Claudia Sheinbaum’s morning press conference in Mexico […]

Substack expands video tools, adds livestream clip sharing
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Substack expands video monetization amid TikTok uncertainty

Substack is ramping up its efforts to attract creators by enhancing its video offerings as TikTok’s future in the U.S. remains uncertain. The company announced on Wednesday that creators can now monetize their videos and publish video posts directly from the Substack app. Previously, creators could share videos in Notes, Substack’s Twitter-like feed, but that […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
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CBN holds interest rate at 27.5% amid inflation decline

The Central Bank of Nigeria’s Monetary Policy Committee has unanimously decided to maintain the Monetary Policy Rate at 27.5%. This decision was announced by CBN Governor, Olayemi Cardoso during a press conference in Abuja on Thursday, following the committee’s 299th meeting. Since May 2022, the CBN has implemented a series of 15 interest rate hikes […]

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