Category: Business
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FG BROKERS PEACE BETWEEN PENGASSAN AND DANGOTE REFINERY
Strike called off as workers to be redeployed with no pay loss; union rights respected. The Federal Government has resolved the dispute between PENGASSAN and Dangote Petroleum Refinery after a two-day conciliation meeting. The agreement includes immediate redeployment of over 800 affected workers into other Dangote subsidiaries without loss of pay. It was affirmed that…
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AFDB, PRIVATE SECTOR VOW TO DEEPEN PARTNERSHIP FOR AFRICA’S GROWTH
AfDB and business leaders commit to boosting investment, job creation, and economic transformation. African Development Bank President Dr. Sidi Ould Tah and top private sector reps from West, Central, and North Africa vowed stronger collaboration to accelerate the continent’s development. Speaking in Abidjan at the CGECI event, Tah emphasized the private sector’s central role in…
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AFDB CALLS ON AFRICA TO SEIZE TRADE DISRUPTION AS OPPORTUNITY
AfDB urges Africa to boost local industries, job creation, and climate-resilient growth. Dr. Sidi Ould Tah of the African Development Bank urged African nations at the CGECI Academy in Abidjan to turn global trade disruptions into a chance for economic transformation. He stressed stronger regional value chains, local raw material processing, and green industrialisation led…
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TINUBU DECLARES NIGERIA’S ECONOMIC TURNAROUND; WORST IS OVER
President Tinubu assures Nigerians that economic pains are easing and stability is returning. President Bola Tinubu marked Nigeria’s 65th Independence Day by declaring that the country has “turned the corner” toward prosperity. He acknowledged the tough reforms his administration undertook to rescue a near-collapsed economy and hailed Nigerians’ resilience. Tinubu praised bold policies like fuel…
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TINUBU CELEBRATES 12 ECONOMIC MILESTONES IN 2 YEARS
Nigeria’s economy is booming with strong growth, falling inflation, and booming exports. President Bola Tinubu highlighted 12 key economic achievements during Nigeria’s 65th Independence Day broadcast. GDP grew 4.23% in Q2 2025, the fastest in four years, while inflation dropped to 20.12%. The government surpassed its N20 trillion non-oil revenue target by August, and Nigeria…
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TINUBU REAFFIRMS YOUTH EMPOWERMENT, ECONOMIC REFORMS ON 65TH INDEPENDENCE
President Tinubu hails Nigerian youth as greatest assets, pushing education, entrepreneurship, and innovation. In his 65th Independence Day broadcast, President Bola Tinubu praised Nigeria’s youth as the nation’s key to future prosperity, urging them to dream big and innovate in tech, arts, sports, and science. He highlighted the disbursement of nearly ₦100 billion in student…
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NIGERIA POWER SECTOR EXPERTS APPLAUD NEW ELECTRICITY ACT
The Electricity Act promises more power, private investment, and state empowerment. Nigeria’s 65th Independence Day also marks a turning point in the power sector, as stakeholders celebrate the transformative Electricity Act. The Act liberalizes power generation and distribution, empowering states to regulate electricity and encouraging private sector growth, boosting stability and affordability. Industry leaders commend…
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NIGERIA TAX REFORM ACTS SIGNED TO SIMPLIFY TAXES, BOOST ECONOMY
New tax laws exempt low earners, cut corporate rates, and aim to grow business and capital markets. President Bola Tinubu’s June 26 signing of the Nigeria Tax Reform Acts consolidates multiple tax laws into a single, streamlined system to ease compliance and increase fairness. Individuals earning ₦800,000 or less annually are exempt from Personal Income…
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FAAN LAUNCHES CONTACTLESS PAYMENT SYSTEM TO TRIPLE AIRPORT REVENUE
Nigeria’s airports go cashless to boost transparency, efficiency, and customer convenience. The Federal Airports Authority of Nigeria (FAAN) has introduced a contactless payment system at Lagos and Abuja airports under the “Operation Go Cashless” initiative, aiming to triple revenue by reducing cash handling. MD Olubunmi Kuku said this move ensures every naira due is accounted…
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FCT RESIDENTS URGE GOVT TO TACKLE ECONOMIC HARDSHIPS ON 65TH INDEPENDENCE
Citizens demand people-focused policies as Nigeria marks 65 years of independence. Residents in the Federal Capital Territory appealed to the Federal Government to implement policies that will alleviate economic hardships during the 65th Independence anniversary celebrations. They stressed the need for lasting solutions to challenges like fuel subsidy removal and foreign exchange unification, which have…
