Category: Business
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NAIRA APPRECIATES TO ₦1,452.79 AGAINST THE DOLLAR AS ECONOMIC CONFIDENCE GROWS
The Nigerian Naira continued its positive run on Monday, appreciating by ₦5.16 to trade at ₦1,452.79 to the dollar at the official foreign exchange market, according to the Central Bank of Nigeria (CBN). This marks a 0.35% gain from Friday’s rate of ₦1,457.95, extending the weeklong upward trend. The Association of Bureau De Change Operators…
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US AND JAPAN TEAM UP TO SECURE SUPPLY OF CRITICAL MINERALS AND RARE EARTHS
In a major step to reduce dependence on China, U.S. President Donald Trump and Japanese Prime Minister Sanae Takaichi signed an agreement in Tokyo on Tuesday to deepen cooperation on rare earths and critical minerals. These materials are crucial for advanced technologies, including smartphones, electric vehicles, wind turbines, defence equipment, and more. The framework aims…
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ASEAN SUMMIT 2025 CONCLUDES IN MALAYSIA WITH FOCUS ON UNITY AND PROGRESS
The 47th Association of Southeast Asian Nations (ASEAN) Summit wrapped up on Tuesday in Kuala Lumpur, Malaysia, with Prime Minister Anwar Ibrahim emphasizing the enduring importance of ASEAN’s centrality in regional affairs. Speaking at the closing ceremony, Anwar Ibrahim highlighted that despite challenges, ASEAN’s machinery remains effective, guided by patience and reason, affirming that “the…
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CHINA CUTS GASOLINE AND DIESEL PRICES AMID INTERNATIONAL OIL PRICE FLUCTUATIONS
China’s top economic planner announced a significant retail price reduction for gasoline and diesel effective Tuesday, October 28, 2025. Gasoline prices will drop by 265 yuan (about 37.39 U.S. dollars) per tonne, while diesel prices will decrease by 255 yuan per tonne. The National Development and Reform Commission instructed China’s three largest oil companies—China National…
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NIGERIA TO BE REPRESENTED AT GLOBAL MINING ENGINEERING FORUM IN RUSSIA BY NSE PRESIDENT
Mrs. Margaret Oguntala, President of the Nigerian Society of Engineers (NSE), is set to represent Nigeria at the upcoming global roundtable on future competencies in mining engineering, scheduled for October 31 in Russia. The high-level forum, organized by the International Centre of Competence in Mining Engineering Education under the auspices of UNESCO and the National…
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WARRI–ITAKPE TRAIN SERVICE SET TO RESUME OCTOBER 29 AFTER SERVICE SUSPENSION
The Nigerian Railway Corporation (NRC) has announced that the Warri–Itakpe Train Service will officially resume operations on Wednesday, October 29, 2025, following a temporary suspension for critical repairs and maintenance. Dr. Kayode Opeifa, Managing Director of NRC, confirmed the service suspension was essential for safety checks and track improvements to ensure passenger comfort and reliability.…
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CRYPTO TRANSACTIONS TOP $50 BILLION WHILE NIGERIA’S CAPITAL MARKET FIGHTS LOW PARTICIPATION
The Securities and Exchange Commission (SEC) revealed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024, highlighting a strong appetite for digital assets. However, SEC Director-General Dr. Emomotimi Agama pointed to a paradox: while under 4% of Nigeria’s adult population actively invest in the traditional capital market,…
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FARMERS IN NASARAWA, NIGER, AND KOGI SOUND ALARM OVER PLUMMETING FOOD PRICES DESPITE BUMPER HARVESTS
Farmers in Nasarawa, Niger, and Kogi states are facing tough times due to falling prices for major food commodities despite bumper harvests this season. Maize prices dropped from about ₦70,000 in 2024 to ₦30,000-₦35,000 per 100kg, and rice prices fell from ₦150,000 to ₦120,000. High costs for fertilisers and other inputs, combined with insecurity and…
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KATAMPE HILL AND WATERFALLS URGED TO BE DESIGNATED NATIONAL PARK TO PROTECT ENVIRONMENT AND WATER SOURCES
Environmentalists led by former Head of Civil Service Prof. Oladapo Abiodun Afolabi have called on the Federal Government to designate Katampe Hill and its waterfalls in Abuja as a National Park, stressing their importance as sacred birthplaces of rivers that sustain ecosystems and communities. The call came during the launch of the “Where Rivers Are…
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NIGERIA WINS HUGE VICTORY: OFFICIALLY REMOVED FROM FATF GREY LIST
The Nigerian Financial Intelligence Unit (NFIU) has announced Nigeria’s official removal from the Financial Action Task Force (FATF) grey list, a landmark achievement in combating money laundering and terrorist financing. CEO Hafsat Bakari revealed the news after the FATF October plenary in Paris, marking Nigeria’s successful completion of a comprehensive 19-point reform program. This move…
