Category: Business
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FG APPROVES PAYMENTS TO OVER 1,240 LOCAL CONTRACTORS NATIONWIDE
The Federal Government has approved payments to more than 1,240 local contractors across the country. According to the Ministry of Finance, the payments followed a verification and reconciliation process to ensure that only valid and confirmed obligations were settled across Ministries, Departments and Agencies (MDAs). The ministry says the funds are expected to provide relief…
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HEIRS INSURANCE GROUP REACHES 3 MILLION POLICYHOLDERS IN FIVE YEARS
Heirs Insurance Group says it has reached a major milestone, impacting and protecting more than three million customers within its first five years of operation. The company says the achievement reflects its commitment to customer-focused services, innovation, and the use of technology to improve access and trust in insurance. It also noted recognition in industry…
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ACCI CALLS FOR SUSPENSION OF SUGAR-SWEETENED BEVERAGE TAX BILL, SEEKS WIDER REVIEW
The Abuja Chamber of Commerce and Industry (ACCI) has called on lawmakers to suspend consideration of the proposed Sugar-Sweetened Beverages (SSBs) tax amendment bill. According to the chamber, the bill requires wider review to fully assess its potential impact on businesses, employment, and the wider economy. It warned that the proposed changes could place additional…
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NIGERIA SEEKS DEEPER KOREA-AFRICA PARTNERSHIP TO TACKLE GLOBAL CHALLENGES
Nigeria has reaffirmed its commitment to stronger cooperation with the Republic of Korea to address global challenges and promote sustainable development across Africa. Speaking at the Korea-Africa Foreign Ministers’ Meeting in Seoul, Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu, said Nigeria is seeking genuine partnerships built on shared responsibility, investment in solutions, and mutual benefits. She…
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FCT TRADERS, RESIDENTS LAMENT RISING PRICES OF TOMATOES, PEPPER AND OTHER FOOD ITEMS
Traders and residents in the Federal Capital Territory (FCT) are expressing concern over the continued rise in prices of tomatoes, pepper, and other perishable food items. Many traders say prices have increased significantly in recent weeks, making it difficult for them to restock and for customers to afford basic ingredients. They attribute the situation to…
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LAGOS CAN’T MEET GROWING COCONUT DEMAND, SAYS FORMER LASCODA BOSS
Coconut demand in Lagos is growing faster than local production, according to former Lagos State Coconut Development Authority (LASCODA) Managing Director, Dapo Olakulehin. Speaking in Lagos, Olakulehin said increased awareness of the health benefits of coconut products has boosted consumption and processing activities across Nigeria. He noted that although Lagos now produces about 290,000 metric…
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LAGOS TRADERS, RESIDENTS LAMENT LOW SALLAH PATRONAGE AMID RISING FOOD PRICES
Traders and residents in Lagos say this year’s Eid-el-Kabir market activity is slower than expected as rising food and livestock prices continue to affect spending. Some traders told NAN that patronage has dropped compared to previous Sallah celebrations, with many customers complaining about limited funds. Food sellers also said prices of tomatoes, rice, pepper and…
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DANGOTE GROUP CREDITS FRSC SAFETY MEASURES FOR REDUCTION IN TRUCK CRASHES
Dangote Group says safety recommendations from the Federal Road Safety Corps (FRSC) are helping to reduce truck crashes linked to its cement transport operations across Nigeria. According to the company, a Safety System Gap Analysis conducted by the FRSC in 2025 identified issues such as speed limit violations, overloading, weak safety monitoring and poor driver…
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AFDB SEEKS URGENT REFORMS TO UNLOCK AFRICA’S $4 TRILLION SAVINGS
The President of the African Development Bank (AfDB), Sidi Ould Tah, has called for urgent reforms to unlock Africa’s estimated four trillion dollars in domestic savings. Tah made the call at the official opening of the 2026 AfDB Annual Meetings in Brazzaville, Democratic Republic of Congo on Tuesday. According to him, Africa’s challenge is not…
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SALLAH: DUTSE RESIDENTS STRUGGLE AS RAM PRICES SURGE AHEAD OF EID-EL-KABIR
Residents of Dutse in Jigawa State are expressing concern over the rising cost of rams and other sacrificial animals ahead of the Eid-el-Kabir celebration. Market checks indicate that livestock prices have increased by over 300% compared to previous seasons. A large ram reportedly sells for about N500,000, while a well-bred bull goes for around N1…
