Category: Business
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NIGERIA RECORDS HISTORIC NON-OIL REVENUE GROWTH, REDUCES OIL DEPENDENCE
Fiscal reforms and digital tax drive push Nigeria’s economy towards resilience and development. The Presidency announced Nigeria’s non-oil revenue surged 40.5% to ₦20.59 trillion from January to August 2025, thanks to reforms in tax compliance and digital administration. President Tinubu highlighted this shift away from oil dependence, stressing improved fiscal discipline, record FAAC allocations topping…
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FG REMOVES CNG SUBSIDIES
The Nigerian government has pulled the plug on subsidies for Compressed Natural Gas (CNG), nearly doubling prices and stirring frustration nationwide. After pushing CNG as a cheaper fuel alternative—with tax breaks, credit facilities, and major infrastructure moves—the recent subsidy cuts are hitting converted vehicle owners hard. Motorists now face higher costs and long queues at…
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PRESIDENT TINUBU RECALLS NTA DG AND ED NEWS, HALTS NEW APPOINTMENTS
Tinubu reinstates key NTA leaders, reversing recent management shake-up. President Bola Tinubu has ordered the return of Salihu Abdullahi Dembos as NTA Director-General and Ayo Adewuyi as Executive Director of News to complete their tenures, setting aside fresh appointments in the agency. The move restores stability at Nigeria’s premier TV network amid previous management changes.
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NNPC LTD APPOINTS ANDY ODEH AND MORENIKE ADEWUNMI TO LEADERSHIP ROLES
Energy giant strengthens communication and stakeholder relations with seasoned executives. NNPC Ltd. named Andy Odeh as Chief Corporate Communications Officer and Morenike Adewunmi as Chief Relations Officer. Odeh brings 30+ years of expertise including NLNG leadership, rebranding, and community initiatives, while Adewunmi offers 25+ years in legal, regulatory, and government relations from Shell. Their appointments…
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KWARA ASSEMBLY SOUNDS ALARM ON DANGEROUS SKIN PRODUCTS, CALLS FOR TOUGHER REGULATION
Unregulated cosmetics threaten public health—Kwara lawmakers demand urgent action and stricter oversight. Kwara State House of Assembly raised concerns over harmful cosmetics containing mercury and steroids widely sold without approval, warning of serious health risks. Speaker Yakubu Danladi urged NAFDAC and SON to step up monitoring, while lawmakers condemned social media influencers for promoting unsafe…
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AfDB PRESIDENT DR SIDİ OULD TAH SETS REFORM-FORWARD AGENDA FOR FIRST 100 DAYS
New AfDB chief pledges rapid reforms, stronger partnerships, and youth & women empowerment to unlock Africa’s potential. Dr Sidi Ould Tah, AfDB’s new president, outlined urgent priorities in his inaugural speech: listening deeply to stakeholders, fast-tracking reforms, boosting partnerships, and accelerating inclusive growth solutions. With a focus on operational efficiency and bridging divides, Tah commits…
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EXPERTS URGE BAN ON GMOs TO PROTECT NIGERIA’S FOOD SOVEREIGNTY
Scientists and activists warn GMOs threaten Nigeria’s agriculture, health, and independence. At a national symposium in Abuja, experts called for an immediate moratorium on GMO approvals, urging Nigeria to preserve indigenous seeds and support smallholder farmers. They flagged risks of environmental damage, health hazards, and economic dependence linked to GMOs, citing global cases of crop…
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BPP ORDERS ONLINE REGISTRATION OF PROCUREMENT OFFICERS BY SEPTEMBER 8
Federal agencies must update procurement officer records to boost management efficiency. The Bureau of Public Procurement (BPP) directed all federal accounting officers to ensure procurement officers complete online registration by Sept. 8, following a presidential directive. BPP DG Dr. Adebowale Adedokun explained the new Procurement Management System (POMS) will unify and update procurement records, with…
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APAPA CUSTOMS RAISES N215BN IN AUGUST DESPITE UCMS GLITCHES
Homegrown B’Odogwu platform powers record revenue, signalling a trade system breakthrough. Nigeria Customs Service’s Apapa Command generated N215 billion in August using the new Unified Customs Management System (B’Odogwu), despite network challenges. Comptroller Babatunde Olomu praised stakeholder confidence and resilience, assuring ongoing improvements to make the system a reliable trade facilitation tool that will boost…
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ABUJA-KADUNA RAIL REPAIR TO BE COMPLETED IN 10 DAYS, SAYS MINISTER
Rapid response underway to restore train operations after derailment near Asham Station. Transport Minister Said Alkali confirmed that repairs to the 150-meter damaged Abuja-Kaduna rail tracks will finish within 10 days. NRC staff are working around the clock to clear wreckage and fix the line, with damaged coaches to be removed shortly. The government is…
