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Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Canada to admit 230,000 foreign workers through 2026 programmes

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Geregu Power confirms payment of N40bn bond coupon, principal

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Femi Otedola’s net worth nears $2bn

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Rivers customs generate N312bn in six months

Nigerian Customs Service, Area 2 Command, Onne, Rivers State, stated the command generated over N312 billion in the first half of the year, representing 50.5 per cent of the annual target given to the command. This was disclosed by the Comptroller of the command, Mohammed Babandede on Wednesday during a briefing with pressmen at the […]

FG unveils plan to create 4.4 million jobs by 2027
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FG unveils plan to create 4.4 million jobs by 2027

The Federal Government has unveiled an ambitious plan to generate 4.4 million jobs by implementing Nigeria’s National Strategy for Competitiveness in Raw Material and Product Development. The announcement was made by Chief Uche Geoffrey Nnaji, Minister of Innovation, Science, and Technology, at the National Consultative Committee on Global Competitiveness in Raw Materials and Product Development […]

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Moniepoint urges collaboration to promote financial inclusion

Fintech company MoniePoint Inc, has emphasized the significance of public-private partnership to promote financial inclusion in Nigeria. A statement from Moniepoint on Thursday said that this was disclosed at a policy dialogue between the Nigerian government and private sector stakeholders held in Washington DC recently, according to The Punch. During the engagement, Moniepoint Inc’s Group […]

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Direct disbursement of LG funds yet to begin – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the Supreme Court’s proceedings granting financial autonomy to Local Governments is yet to be conveyed to the Attorney-General of the Federation to examine and put into effect. This disclosure was made by Edun while addressing pressmen in Abuja on Thursday, […]

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Nigeria’s vehicle importation declines 60.8% in H1 2024

The number of vehicles imported into the country in the first half of the year significantly decreased by 60.4 per cent, year-on-year to 10,991, indicating the effect of the depreciating naira and general economic slowdown. This was revealed in the report of the just concluded quarterly meeting of the Nigerian Port Consultative Council, according to […]

Ex-Filmhouse MD Moses Babatope launches new entertainment company
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Ex-Filmhouse MD Moses Babatope launches new entertainment company

A renowned figure in the Nigerian film industry, Moses Babatope, has officially launched Nile Media Entertainment Group, a new production and distribution studio set to revolutionize African cinema. Named after the iconic River Nile, the company aims to elevate cultural representation, industry standards, and sustainable practices within the sector. Babatope, a co-founder of FilmHouse Group […]

Germany considers tax reduction for foreign skilled workers
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Germany considers tax reduction for foreign skilled workers

Germany is contemplating a tax relief initiative aimed at attracting skilled foreign professionals to the country. Under the proposed plan, new foreign workers could receive tax rebates of 30%, 20%, or 10% during their first three years of employment in Germany. This measure is part of Germany’s “growth initiative” to address shortages in various sectors […]

Universal music's shares drop over low, streaming, subscription revenue
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Universal music’s shares drop over low, streaming, subscription revenue

Shares of Universal Music Group, the major label backing Don Jazzy’s Mavin Records, plunged more than 20% on Thursday as the company reported disappointing results in its streaming and subscription sectors. The Netherlands-based UMG, home to high-profile artists like Taylor Swift, Drake, Justin Bieber, and Adele, saw this sharp decline shortly after markets opened. The […]

Tunji Bello takes over as FCCPC boss
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Tunji Bello takes over as FCCPC boss

A former Lagos Commissioner, Mr. Tunji Bello, officially assumed the role of Chief Executive Officer and Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission on Thursday. Bello’s appointment follows President Bola Tinubu’s recent decision and the Senate’s confirmation earlier this week. He succeeds Adamu Abdullahi, who had been serving in an acting capacity […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
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CBN sells treasury bills at 22.1% stop rate

The Central Bank of Nigeria has sold one-year Treasury Bills at a stop rate of 22.1% in a recent auction held on July 24, 2024. This step underscores the central bank’s ongoing strategy to manage liquidity and curb inflation within the economy. The CBN offered a total of ₦277.96 billion across various tenors in this […]

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FG to raise $500m in domestic foreign currency bonds

The federal government has said it intends to issue $500 million in bonds denominated in foreign currencies in three to four weeks’ time. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun during a quarterly press briefing themed ‘Economic Recovery and Growth: Progress and Prospects 2024,’ in Abuja, […]

Banking News

FCMB records N64.2b pre-tax profit in H1 2024

FCMB Group reported a profit before tax of N64.2 billion in the first half of 2024, a 68% increase over the N38.2 billion reported in the same period in 2023. This was disclosed in the company’s quarterly financial report ended June filed with NGX on Wednesday. The Group reported gross earnings of N374.5 billion in […]

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