Category: Business
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NEPZA REAFFIRMS 10-YEAR BAN ON STRIKES IN FREE TRADE ZONES AMID DANGOTE REFINERY DISPUTE
Nigeria Export Processing Zones Authority (NEPZA) has confirmed its law bans industrial strikes and lockouts for 10 years within Free Trade Zones, including at Dangote Refinery. This move aims to preserve industrial peace and protect investments after recent union disruptions. NEPZA’s MD, Dr. Olufemi Ogunyemi, urged unions to channel disputes through the Authority, stressing that…
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CYBERSECURITY EXPERT WARNS OF SOPHISTICATED ONLINE SCAMS, URGES USE OF 2FA
Adamu Musa, a cybersecurity expert at Abuja’s X Hub, warns that online scams have grown increasingly sophisticated, targeting everyone from regular users to top IT professionals. He highlights employee carelessness and advanced tactics like domain spoofing and AI-generated phishing as major risks. Musa urges all internet users to enable two-factor authentication (2FA) for stronger protection,…
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MINISTRY WARNS POST-HARVEST LOSSES THREATEN NIGERIA’S FOOD SECURITY
The Federal Ministry of Agriculture says 40% of Nigeria’s crops are lost after harvest due to poor farming, storage, and transport practices, undermining food security and farmers’ incomes. At a cassava training in Oyo State, officials urged adoption of best practices and discouraged harmful chemicals in processing. The program aligns with President Tinubu’s Renewed Hope…
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SENATE COMMITTEE SAYS NNPCL RESPONDED TO 19 AUDIT QUERIES, REVIEW PENDING
Senate Public Accounts Chair, Sen. Aliyu Wadada, confirms NNPCL has replied to all 19 audit questions covering 2017-2023, including concerns over a staggering N210 trillion yet to be accounted for. The committee is set to review the responses thoroughly before making any public declarations. Wadada also flagged issues beyond finances, such as opaque production sharing…
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NO MORE BUDGET EXTENSIONS, SAYS FINANCE MINISTER WALE EDUN
At NES #31 in Abuja, Finance Minister Wale Edun declared an end to budget rollovers that cause confusion, confirming an agreement with the National Assembly to keep budgets within the fiscal year. He highlighted new financing methods like sukuk, green bonds, and diaspora bonds to replace eurobonds. Edun emphasized transparency improvements, including a federal billing…
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EKITI AGRO-ALLIED INTERNATIONAL CARGO AIRPORT APPROVED FOR SCHEDULED FLIGHT OPERATIONS
Nigeria greenlights Ekiti airport for commercial flights, boosting agribusiness and regional development. The Federal Government, through Nigeria Civil Aviation Authority (NCAA), has approved scheduled flight operations at Ekiti Agro-Allied International Cargo Airport for an initial six-month period, effective October 4, 2025. The approval permits daytime Visual Flight Rules (VFR) operations as the airport works toward…
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NIGERIA’S $2 BILLION BROADBAND PROJECT TO BOOST GDP, DRIVE DIGITAL INCLUSION
Minister Tijani unveils a bold plan to connect every local government and unlock the nation’s digital potential. Nigeria’s Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, announced a $2 billion broadband initiative aiming for universal coverage across all 774 local governments within three years. Speaking at the 31st Nigerian Economic Summit, he said…
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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…
