Category: Business
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TINUBU JUSTIFIES ₦200BN FUND TO BOOST MSMEs AND MANUFACTURERS
President highlights bold support measures fueling Nigeria’s economic growth and youth empowerment. President Bola Tinubu, speaking via Vice-President Kashim Shettima at the 31st Nigerian Economic Summit, explained the ₦200 billion intervention fund was designed to help MSMEs and manufacturers overcome structural challenges and increase competitiveness. With a strong GDP growth of 4.23% in September 2025,…
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KADUNA RALLY BACKS DANGOTE REFINERY, CONDEMNS SABOTAGE IN PETROLEUM SECTOR
Nigerians unite to defend Dangote Refinery and fight cartel control over oil refining. Thousands of Nigerians under the ‘Mega Citizens’ Rally Against Sabotage in Petroleum’ marched peacefully in Kaduna, condemning attacks on the Dangote Refinery and local refining efforts. Conveners called sabotage a national threat, accusing vested cartels and PENGASSAN of destabilizing Nigeria’s refinery sector.…
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DR ADAM MURITALA INVENTS AFRI-INVERTER, LAUNCHES AFRICAN PRO-HUMANITY TECHNOLOGY HUB
OAU don pioneers indigenous clean energy tech and innovation platform to boost African research and development. Dr. Adam Muritala, Associate Professor and Head of Mechanical Engineering at Obafemi Awolowo University, has invented the Afri-inverter—an indigenous, lightweight lithium battery-powered device with mainly locally sourced parts. He founded the African Pro-Humanity Technology Hub (APHTH) to drive research…
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UAC COMPLETES ACQUISITION OF CHIVITA|HOLLANDIA FOLLOWING FCCPC APPROVAL
Nigeria’s food and beverage giant expands portfolio with iconic Chivita and Hollandia brands. The Federal Competition and Consumer Protection Commission (FCCPC) has officially approved UAC of Nigeria Plc’s acquisition of CHI Limited, makers of Chivita and Hollandia. The transaction, announced in July and now finalized, marks a strategic step in UAC’s growth plan. CHI Managing…
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FG HAILS 40% GROWTH IN RAIL AND WATER TRANSPORTATION
Nigeria’s transport overhaul drives economic recovery and infrastructure boom. President Bola Tinubu praised remarkable progress in rail and water transport over the past 28 months, underscoring sustained investments in infrastructure. Rail grew by over 40% and water transport by 27%, with the Kano-Katsina-Maradi and Kaduna-Kano standard gauge rail projects nearing completion. Major highway projects and…
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U.S. DELAYS TRUMP’S PHARMA TARIFFS, SHIFTS FOCUS TO PRESSURING COMPANIES
Pharma import tariffs postponed as U.S. aims to push manufacturers to build locally or cut prices. The Trump administration has postponed the planned 100% tariffs on branded pharmaceutical imports set for October 1. Instead, officials will prepare tariffs targeting companies that refuse to relocate production to the U.S. or lower drug prices. Originally, firms could…
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IJAW NATIONAL CONGRESS DEMANDS NATIONAL DIALOGUE ON RESOURCE CONTROL
INC calls for justice, true federalism, and control over resources on Nigeria’s 65th Independence. The Ijaw National Congress (INC) has renewed its call for a sincere national dialogue to address core issues like resource control, true federalism, and the rights of Nigeria’s diverse nationalities. INC President Prof. Benjamin Okaba highlighted the Ijaws’ historical grievances—rich oil…
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DENMARK PLEDGES TO BOOST NIGERIA’S MARITIME SECTOR
Denmark strengthens partnership to turn Nigeria into Africa’s maritime hub. At the 10th Lagos International Maritime Week, Denmark’s Consul-General Mrs. Jette Bjerrum affirmed plans to deepen collaboration with Nigeria’s maritime industry. Highlighting Nigeria’s youthful workforce and strategic coastlines, she praised investments like the $1.2 billion by APM Terminals and recent MoU with Nigerian Ports Authority.…
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ABUJA TRADE FAIR VENDORS OPTIMISTIC DESPITE LOW TURNOUT
Sellers hopeful sales will pick up as Abuja International Trade Fair continues. Vendors at the Abuja International Trade Fair (AITF), themed “Sustainability, Consumption, Incentives and Taxation,” expressed optimism for better sales despite a slow start. Ghanaian trader Veronica Aboagye and Chinese participant Zhang Wei remain hopeful Nigerians will boost patronage soon. Local seller Joseph Asogwa…
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SON LAUNCHES ISO 37003:2025 TO FIGHT GLOBAL FRAUD
New fraud control standard aims to protect billions lost annually and boost trust. The Standards Organisation of Nigeria (SON) unveiled ISO 37003:2025, the world’s first international fraud control management system standard, addressing prevention, early detection, and response to fraud. SON Chairman Prof. Oserheimen Osunbor emphasized fraud’s rising global toll of $4.7 trillion annually, worsened by…
