Category: Business
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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…
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NISO REPORTS 1,100MW POWER DROP DUE TO GAS SUPPLY STRIKE
Industrial action in gas sector triggers major power shortfall; urgent grid stabilization measures activated. The Nigerian Independent System Operator (NISO) announced a sharp drop in national grid power generation from over 4,300MW to about 3,200MW on Sept 28, caused by a strike within the gas supply chain by PENGASSAN workers. To avert a nationwide blackout,…
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NFF UNFazed BY FIFA SANCTION ON SOUTH AFRICA OVER INELIGIBLE PLAYER
FIFA’s ruling boosts Nigeria’s World Cup qualification hopes amid South Africa’s penalty. The Nigeria Football Federation (NFF) expressed no surprise over FIFA’s decision to sanction South Africa for fielding ineligible midfielder Teboho Mokoena in their March 21 World Cup qualifier against Lesotho. FIFA’s disciplinary committee awarded a 3-0 forfeit win to Lesotho, fined the South…
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NLC ORDERS FULL MOBILISATION, PREPS FOR STRIKE AGAINST DANGOTE GROUP
Labour Congress vows decisive action over Dangote Refinery’s “anti-worker crusade” and mass sackings. The Nigeria Labour Congress (NLC) has ordered all affiliate unions to mobilise immediately and prepare for industrial action in response to Dangote Refinery’s alleged sack of over 800 workers and rejection of union rights. NLC President Joe Ajaero condemned the refinery for…
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ASCSN CONDEMNS DANGOTE REFINERY’S ANTI-WORKER ACTIONS
Union demands reinstatement of sacked workers and warns of joining full national strike. The Association of Senior Civil Servants of Nigeria (ASCSN) has strongly condemned Dangote Refinery for arbitrarily dismissing workers exercising their constitutional right to unionize. ASCSN National President Shehu Mohammed called the action a violation of Nigeria’s Constitution and ILO conventions and expressed…
