Category: Business
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CBCN CALLS FOR FARMER SUBSIDIES, NOT FOOD IMPORTS, TO SECURE NIGERIA’S FUTURE
Bishops warn that neglecting local farmers undermines food security and fuels instability. The Catholic Bishops’ Conference of Nigeria (CBCN) on Wednesday urged the Federal Government to support local farmers with subsidies and security instead of relying on food imports. Outgoing President, Most Rev. Lucius Ugorji, made the call at the close of the 2026 First…
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NUPRC REMINDS INVESTORS: PRE-QUALIFICATION FOR 2025 LICENSING ROUND CLOSES FEB 27
Time is running out for companies looking to grab a slice of Nigeria’s oil and gas sector—50 blocks up for grabs in the 2025 Licensing Round. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that registration and submission for Pre-Qualification under the Nigeria 2025 Licensing Round will close at 4:30 p.m. on Friday, February…
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REA, LOTUS BANK SEAL N100BN DEAL TO POWER RURAL NIGERIA WITH RENEWABLE ENERGY
Thousands of rural communities without electricity may soon see the lights come on as REA and Lotus Bank roll out a massive N100 billion financing plan to boost clean energy access. The Rural Electrification Agency (REA) has signed a landmark agreement with Lotus Bank to unlock N100 billion in financing aimed at expanding renewable energy…
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*PENGASSAN URGES LEGISLATIVE SCRUTINY OF EXECUTIVE ORDER *
Oil and gas workers warn that bypassing lawmakers could threaten sector stability, investment, and jobs. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the government to submit proposed changes under Executive Order 9 to the National Assembly for proper legislative review. President Festus Osifo said the Feb. 13 order,…
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MALAYSIA TO REVIEW TRADE AGREEMENT WITH U.S. AMID LEGAL UNCERTAINTIES
Prime Minister Anwar Ibrahim says Putrajaya is closely watching U.S. tariff disputes and Supreme Court rulings to safeguard national interests and $94B bilateral trade. Malaysia is carefully evaluating its stance on the Agreement on Reciprocal Trade (ART) with the U.S., Prime Minister Anwar Ibrahim told parliament on Tuesday. He noted ongoing legal developments in Washington,…
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ONITSHA COUNCIL SEALS 200 SHOPS OVER MONDAY SIT-AT-HOME DEFIANCE
Authorities crack down on traders who ignored directives to reopen, warning of possible loss of shop ownership. More than 200 shops at Bridge Head Market in Onitsha have been sealed by the Onitsha South Local Government Council for refusing to open on Mondays, in defiance of the Anambra State Government’s directive to end the sit-at-home…
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BRITISH COUNCIL EMPOWERS 80 YOBE YOUTHS WITH SKILLS, CASH TO BOOST PEACE, LIVELIHOODS
From conflict zones to new beginnings, dozens of youths in Yobe are rebuilding their lives with skills, support, and fresh hope. No fewer than 80 youths in Yobe State have benefited from a British Council–funded training and empowerment programme aimed at promoting reintegration and sustainable peace in insurgency-affected communities. The initiative, implemented by the Communal…
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BPP TO ENGAGE CONTRACTORS, STAKEHOLDERS IN LAGOS FOR PROCUREMENT REFORMS
Nigeria’s procurement system gets a boost as BPP calls key players to the table. The Bureau of Public Procurement (BPP) will host a consultative forum in Lagos to engage contractors, consultants, service providers, and civil society on improving Nigeria’s public procurement processes. The event, supported by the FCDO’s Partnership for Agile Governance and Climate Engagement…
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DIGITAL PAYMENTS LIGHT UP NIGERIA’S NIGHTLIFE
Moniepoint study reveals cash is fading as bars, clubs embrace digital transactions. A recent study by Nigerian fintech Moniepoint shows digital payments are now driving Nigeria’s nightlife economy, with bank transfers and card payments topping transactions at bars, clubs, and informal community venues. Cash is on the decline, largely due to security concerns. The report,…
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EXPERTS URGE MEDIA, CSOs TO MONITOR NEW TAX LAWS
As Nigeria’s 2025 Tax Act comes fully into effect, experts call on journalists and civil society groups to keep government accountable and ensure fair implementation. Abuja, Feb. 21, 2026 – Economic experts at a two-day workshop organized by Konrad Adenauer Stiftung (KAS) and CISLAC have urged the media and civil society organisations (CSOs) to actively…
