Category: Business
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HOUSE OF REPRESENTATIVES REVERSES ADJOURNMENT, TO RECONVENE WEDNESDAY FOR CONTRACTORS’ PAYMENT UPDATE
The House of Representatives will hold plenary on Wednesday, November 5, 2025, reversing its earlier decision to adjourn until November 11. The change comes after positive progress in addressing the delayed payments to local contractors under the 2024/2025 budgets. Clerk Dr. Yahaya Danzaria issued a memo notifying members of the earlier resumption to allow the…
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NIGERIA APPOINTS DR JOHN NWABUEZE AS TAX OMBUDSMAN TO BOOST TRANSPARENCY AND DISPUTE RESOLUTION
President Bola Tinubu has officially appointed Dr. John Nwabueze as Nigeria’s Tax Ombudsman, a key role established under the Joint Revenue Board of Nigeria (Establishment) Act, 2025. The appointment highlights the government’s commitment to reforming Nigeria’s tax and revenue system with fairness and transparency, confirmed by Presidential Spokesperson Bayo Onanuga. Dr. Nwabueze brings extensive expertise…
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NIGERIA AND SOUTH AFRICA JOIN FORCES TO CHAMPION AFRICA’S VOICE AT G20 SUMMIT
The United Nations Development Programme (UNDP) has praised the close cooperation between Nigeria and South Africa for establishing a powerful platform that ensures African priorities are effectively represented in global decision-making. Varsha Redkar-Palepu, UNDP Deputy Resident Representative – Programme, made these comments during the G20-Africa outreach meeting on industrialisation and agriculture held in Abuja. The…
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JIHADISTS’ FUEL BLOCKADE THREATENS MALI’S MILITARY RULE, PARALYZES CAPITAL BAMAKO
A two-month-long fuel blockade imposed by al Qaeda-linked militants from Jama’at Nusrat al-Islam wal-Muslimin (JNIM) has nearly crippled Mali’s capital, Bamako, raising alarm over the stability of the military government. Operating within 50 km of the city, JNIM’s blockade has forced school closures and cut diesel electricity supply, severely disrupting economic and social life. Security…
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HOUSE OF REPRESENTATIVES GIVES 7-DAY ULTIMATUM FOR PAYMENT TO LOCAL CONTRACTORS
The Nigerian House of Representatives has issued a seven-day ultimatum to the Minister of Finance, Wale Edun, and the Minister of Budget, Atiku Bagudu, demanding immediate payment to local contractors for work done under the 2024 and 2025 Appropriations. The resolution came after Minority Leader Rep. Kingsley Chinda highlighted the plight of contractors protesting strongly…
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NIGERIA-SOUTH AFRICA COOPERATION MARKS AFRICA’S STRONG VOICE AT G20
The United Nations Development Programme (UNDP) has praised the growing cooperation between Nigeria and South Africa as a crucial platform ensuring Africa’s priorities are heard in global decision-making arenas. Varsha Redkar-Palepu, UNDP Deputy Resident Representative, spoke at the G20-Africa outreach meeting on industrialisation and agriculture held in Abuja, ahead of the G20 Summit in Johannesburg…
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GERMAN CONSUL GENERAL DANIEL KRULL VOWS TO BOOST TIES WITH NIGERIA
Daniel Krull, the new German Consul General in Lagos, has pledged to deepen economic, cultural, and academic cooperation between Germany and Nigeria. Speaking at a press conference in Lagos, Krull, who assumed office in August and previously served as Germany’s ambassador to Ghana, described Lagos as Nigeria’s economic hub and said he was ready for…
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NIGERIA’S NON-OIL SECTORS DRIVE ECONOMIC GROWTH, ACCOUNTING FOR OVER 90% OF GDP
Entrepreneur and geologist Chinedu Amadi emphasizes that Nigeria’s economic strength is increasingly rooted in its non-oil sectors, which now contribute more than 90% of the nation’s Gross Domestic Product (GDP), while oil accounts for less than 10%. His insights, shared with NAN in Abuja, reflect positive shifts reported by the National Bureau of Statistics (NBS)…
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ADIPEC 2025 IN ABU DHABI UNITES GLOBAL ENERGY LEADERS FOR INTELLIGENT IMPACT
Energy leaders, policymakers, investors, and innovators have gathered in Abu Dhabi, UAE, for the 41st Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s largest energy event. Running from November 3 to 6 at the Abu Dhabi National Exhibition Centre, this year’s conference, themed “Energy. Intelligence. Impact,” focuses on decarbonisation, artificial intelligence, and local…
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WOMEN IN MARITIME: KEY TO UNLOCKING NIGERIA’S BLUE ECONOMY POTENTIAL
Experts in Nigeria’s maritime and energy sectors stress that boosting women’s participation in the ocean economy is critical for harnessing the blue economy’s vast potential. Mrs. Nneka Obianyor of the Nigerian Maritime Administration and Safety Agency (NIMASA) highlighted that while the global ocean economy generates over $2.5 trillion annually and drives trade and innovation, women…
