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UK sets £40bn target for education exports by

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Cashew industry generates over $400m from export –

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Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

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IMF urges caution on rate cuts as inflation pressures

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Nigeria needs 300,000 doctors but has 40,000 — Lagos

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Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC

Nigeria’s non-oil exports hit record $6.1bn in 2025

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FBN Insurance targets 1m customers in one year
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Prepare for unexpected challenges, First bank urges SMEs

By Wilson Adekumola   FirstBank of Nigeria Limited has called on Small and Medium Enterprises to build sustainable revenue base in naira and foreign currencies for their businesses against unexpected business challenges.   The bank’s Group Head of Retail Banking, Oludolapo Adigun, gave this urge during a webinar under the SMEConnect initiative dubbed, ”The Power […]

31.5 million Nigerians at risk of food crisis - Report
featured News

Rice prices to increase as India bans product exports

The world’s biggest rice exporter, India has banned some overseas sales of the grain “with immediate effect”, in a move that could drive international prices even higher.   Rice is a major world food staple and prices on international markets have soared to decade highs as countries, especially, Nigeria, grappled with the Covid pandemic, the […]

Naira drops 0.64% after Emefiele's arrest - Report
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Emefiele faces fresh charges over $53m debt

The suspended Governor of Central Bank of Nigeria, Godwin Emefiele, is facing fresh charges over a $53m judgment debt.   The News Agency of Nigeria reported that a Federal High Court in Abuja, on Wednesday, said it would issue a warrant of arrest against Emefiele over his failure to appear before it to explain circumstances […]

Economy featured

Inflation rate hits 22.79% in June – NBS

The National Bureau of Statistics on Monday disclosed that Nigeria’s inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023.   The News Agency of Nigeria reported that the inflation rate rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the […]

Tony Elumelu Foundation to support female farmers
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Investing in Africa’s power sector’ll alleviate poverty – Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has called on the private sector stakeholders to ensure adequate investments in Africa’s power sector in order to alleviate poverty.   Elumelu, who is also the chairman of Transcorp Power Limited, made this statement on Monday, while receiving the discharge certificate of the Ughelli power plant.   The […]

Aviation featured

International airlines raise exchange rate to N551/$1

International Airline operators in Nigeria have reportedly adjusted their exchange rate from N462/$1 to N551/$1.   Nairametrics reported that airlines adjusted the exchange rate on their Global Distribution System owned by Amadeus.   The exchange rate between the naira and dollar sold as high as N551/$1 for the second straight day, on the official spot […]

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Disney buys streaming firm BAMTech

Disney is now officially a 100% stakeholder of BAMTech, the streaming technology services group that powers Disney+ and the company’s other direct-to-consumer services.   Recall that, earlier in November, Disney paid $900 million to Major League Baseball to buy out the league’s remaining 15% stake in BAMTech, the media conglomerate disclosed in an SEC filing […]

How more taxes'll reduce debt load - FG
Economy

How more taxes’ll reduce debt load – FG

The Federal Government said the collection of more taxes and is diversion to the right fiscal sectors of the economy will help curtail excessive external borrowing and lessen the high debt burden in Nigeria. According to The Punch, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said this at a tax expenditure workshop […]

Trapped forex: Expert pushes for ticket purchase in dollars
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Trapped forex: Expert pushes for ticket purchase in dollars

To resolve airlines’ $464m trapped funds, a former Director-General of the Nigerian Civil Aviation Authority, Dr Harold Demuren, proposed that first-class and business class passengers buy tickets in dollars. According to The Punch, Demuren told the Federal Government adding that the economy class passengers can buy their tickets in naira, which he proposed will help […]

Electricity customers paid N210.17b in three months - NERC
Electricity

Electricity workers suspend indefinite strike

Less than 24 hours after embarking on a nationwide strike, the electricity workers under the joint umbrella of the National Union of Electricity Employees and Senior Staff Association of Electricity and Allied Companies have suspended their industrial action for two weeks. AMBusiness reported that a blackout was experienced across the country after the striking workers […]

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  • 17th August 2022
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