Category: Business
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NIGERIA RECORDS $5.64 BILLION CAPITAL IMPORTATION IN Q1 2025, UP 67%
Nigeria attracted $5.64 billion in capital importation in the first quarter of 2025, a 67% jump from the same period last year, according to the National Bureau of Statistics (NBS). Portfolio investments led the inflow, making up over 92% of the total, while foreign direct investment remained the smallest slice at just over 2%. The…
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NNPC CEO BAYO OJULARI RESUMES DUTY AMID RESIGNATION RUMOURS
NNPC Group CEO Bayo Ojulari resumed work Monday despite rumours surrounding his resignation. He appeared virtually at the Society of Petroleum Engineers event in Lagos, reaffirming his commitment to his role. Sources confirm he reported to the office and attended key national events, putting resignation speculations to rest. Ojulari was appointed in April 2025 by…
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EXPERTS URGE BOOST TO BAMBOO INDUSTRY FOR ECONOMIC GROWTH IN ANAMBRA AND NIGERIA
Experts at an Investors’ Forum in Awka, Anambra, have raised concerns over Nigeria’s untapped bamboo potential, highlighting its value for sustainable industrial growth and green economy. They stressed the need for better policy, modern processing facilities, and investment to harness bamboo’s benefits for job creation, environmental protection, and economic development. With the global bamboo market…
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OSUN-OSOGBO DEVOTEES HONOUR ATAOJA WITH IBORI ADE FESTIVAL RITES
OSUN-OSOGBO DEVOTEES HONOUR ATAOJA WITH IBORI ADE FESTIVAL RITES Osun-Osogbo devotees and traditionalists gathered at the palace of Ataoja Oba Jimoh Olanipekun for the sacred “Ibori Ade” ceremony, marking a key event ahead of the grand festival finale this Friday. The ritual honours the Osun goddess and past Osogbo rulers, featuring cultural displays and traditional…
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NSIA ANNOUNCES NPI 3.0 WINNERS, CELEBRATES NIGERIA’S TOP INNOVATORS
NSIA ANNOUNCES NPI 3.0 WINNERS, CELEBRATES NIGERIA’S TOP INNOVATORS Nigeria’s brightest innovators just got a major boost as the Nigeria Sovereign Investment Authority (NSIA) unveiled the winners of the third NSIA Prize for Innovation (NPI 3.0). After a fierce pitch session in Abuja, the top three startups—D-Olivette Labs, Promise Point, and GeroCare—walked away with a…
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MINISTRY OF INFORMATION CALLS FOR CALM OVER BADEGGI RADIO SUSPENSION
MINISTRY OF INFORMATION CALLS FOR CALM OVER BADEGGI RADIO SUSPENSION The Ministry of Information and National Orientation has addressed concerns over Niger State’s directive to suspend Badeggi FM, reminding everyone that regulating broadcasting licenses is the Nigerian Broadcasting Commission’s (NBC) responsibility. Following Governor Bago’s allegations of unethical broadcasting, the state government has formally reported the…
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NGE CONDEMNS NIGER STATE GOVERNOR FOR CLOSING BADEGGI RADIO
NGE CONDEMNS NIGER STATE GOVERNOR FOR CLOSING BADEGGI RADIO The Nigerian Guild of Editors (NGE) strongly denounces Governor Mohammed Umar Bago’s order to shut down Badeggi Radio, calling it a blatant assault on press freedom and democracy. The Guild reminds that only the Nigerian Broadcasting Commission (NBC) has the authority to sanction media outlets after…
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FG APPROVES ₦68.7BN POWER PROJECTS TO BOOST EDUCATION AND RURAL ECONOMY
FG APPROVES ₦68.7BN POWER PROJECTS TO BOOST EDUCATION AND RURAL ECONOMY The Federal Government is investing ₦68.7 billion in new solar power projects to ensure reliable electricity for public universities, teaching hospitals, and rural agro-businesses. Announced by Minister Adebayo Adelabu after President Tinubu’s FEC meeting, the initiative targets eight major federal institutions with solar systems…
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GOVERNORS AND VP KASHIM SHETTIMA HUDDLE AT ABUJA FOR FRESH ECONOMIC BOOST
Governors & VP Kashim Shettima Huddle at Abuja for Fresh Economic Boost At the Presidential Villa on Thursday, Nigeria’s top brass—Vice President Kashim Shettima and governors including Alex Otti (Abia), Ahmad Ododo (Kogi), Uba Sani (Kaduna), Duoye Diri (Bayelsa), Hope Uzodimma (Imo), and others—gathered for a power-packed National Economic Council (NEC) meeting aimed at driving…
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NIGERIA URGED TO USE STRATEGIC COMMUNICATION TO BOOST GLOBAL IMAGE
NIGERIA URGED TO USE STRATEGIC COMMUNICATION TO BOOST GLOBAL IMAGE Foreign Affairs Minister Yusuf Tuggar calls on the Nigerian Institute of Public Relations (NIPR) to lead the charge in reshaping Nigeria’s narrative worldwide. Speaking at the Nigeria Reputation Management Group (NRMG) Retreat, he stressed the power of strategic communication in fighting fake news, correcting false…
