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Domestic transactions on NGX hit record ₦10.68trn in July

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Why Q1 2026 pension contributions dropped by 38% —

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Naira strengthens to ₦1,346.90/$ amid surge in FX activity

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DStv, GOtv users lament activation delays as EPL returns

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Netflix shares soar after Tyson-Paul event, set for best week

Netflix shares were on track for their fifth consecutive daily gain on Friday, heading toward their biggest weekly percentage increase since January. The surge follows the streaming giant’s successful broadcast of a highly anticipated boxing match between Mike Tyson and Jake Paul. The stock rose 0.2 per cent to $899.06, slightly below Thursday’s intraday record […]

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Vandals hinder TCN’s Ahoada-Yenagoa 132kV line repair efforts

The Transmission Company of Nigeria has reported a fresh case of vandalism on its Ahoada-Yenagoa 132kV line, which occurred on November 19. It said the attack impacted towers 29 to 31, with vandals stealing around one-third of the conductor. This incident has significantly disrupted repair efforts, as the work had already been 85 per cent […]

Amazon increases AI spending to $100bn
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Amazon to invest $4bn more in Anthropic, OpenAI rival

Amazon announced it would invest an additional $4 billion in Anthropic, increasing its total investment to $8 billion. However, Amazon will continue to hold a minority stake in the San Francisco-based AI startup, which is behind the Claude chatbot and AI model. Amazon Web Services will become Anthropic’s “primary cloud and training partner,” according to […]

Interswitch loses N30bn to chargeback fraud - Report
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Africa’s ‘rigid border system’ stalls digital growth – Interswitch

The Managing Director of Payment Processing and Switching at Interswitch, Akeem Lawal, has called Africa’s rigid border system a major hindrance to the growth of digital technology and businesses on the continent. Speaking at Interswitch Techconnect 4.0 in Lagos on Thursday, Lawal noted that the absence of a unified currency and the challenges of cross-border […]

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FG generates N346bn from November bond auction

The Federal Government raised over N346.155 billion in its November 2024 bond auction, with higher allotments despite offering a reduced amount. The auction, held by the Debt Management Office (DMO) on November 18, 2024, included reopenings of the 19.3 per cent FGN APR 2029 (5-Year Bond) and the 18.50 per cent FGN FEB 2031 (7-Year […]

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Vandalism: NNPC to develop sustainable pipeline network

The Nigerian National Petroleum Company Limited announced on Thursday that it is working to deploy high-integrity crude oil and gas pipeline infrastructure across the country, aiming to reduce security costs. NNPC stated that in partnership with its collaborators, the company plans to heavily invest in technology to upgrade existing oil and gas transportation infrastructure, ensuring […]

US SEC approves ETFs to track Bitcoin
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Bitcoin sets new record, nears $100,000 as rally continues

Bitcoin surpassed the $99,000 mark for the first time on Thursday, driven by investor expectations of a potential second Donald Trump presidency. The cryptocurrency was last up over 4 per cent, priced at $98,273.50, with an earlier peak of $99,046.94, according to Coin Metrics. Investors took profits in crypto stocks as part of a broader […]

Power crisis worsens as National grid collapses again
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Kanji, Jebba power plants suffer N30bn losses

The Kanji and Jebba power plants have reported losses of about N30.5 billion due to repeated grid failures between 2022 and 2024. These losses were primarily caused by frequent collapses of the national grid. The most recent disturbance, which occurred last Thursday, marked the 11th grid collapse in 2024, impacting businesses and daily life. Consumers, […]

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FIRS, NIESV to partner on asset valuation

The Federal Inland Revenue Service has expressed support for a proposed partnership with the Nigerian Institution of Estate Surveyors and Valuers focused on asset valuation. FIRS Chairman Zacch Adedeji emphasized that this collaboration would improve tax administration and foster economic development. He made the remarks during a visit from NIESV executives, led by President Victor […]

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21 states join AfDB’s N850bn agricultural programme

The African Development Bank has engaged 21 states for the second phase of its Special Agro-Industrial Processing Zones Programme. Governor Hope Uzodimma disclosed this to pressmen after the 146th National Economic Council meeting in Abuja. Uzodimma said the pilot phase, involving Kano, Kaduna, Kwara, Oyo, Ogun, Imo, Cross River States, and the FCT, is nearing […]

BOI extends RAPID funding application deadline for MSMEs
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BOI raises €2bn to boost development projects

The Bank of Industry has secured €2 billion through global loan syndication to enhance its financial capacity. The funds will support infrastructure development, SME growth, and industrial diversification across key sectors. BOI Managing Director, Olasupo Olusi, made this disclosure during the bank’s 65th-anniversary celebration on Thursday in Lagos. He stated that the €2 billion is […]

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NASS, NEPZA urge sustainable strategies for free trade zone communities

The National Assembly and the Nigeria Export Processing Zones Authority have urged operators of Free Trade Zones to develop and implement more effective, sustainable strategies to support the growth and regeneration of their host communities. Both bodies highlighted the need for operators to ensure that local communities derive significant benefits from the presence of these […]

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