Category: Business
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BIG NAMES, BIG IDEAS: TINUBU, SULTAN, UZODIMMA, OBAIGBENA LEAD STAR LINEUP AT NIGERIAN EDITORS’ CONFERENCE IN ABUJA
Abuja comes alive as top editors, politicians, business leaders, and diplomats converge to discuss democracy, trust, and the future of journalism. The nation’s capital, Abuja, is buzzing with activity as editors from across Nigeria arrive for the 2025 Annual Nigerian Guild of Editors (NGE) Conference, taking place November 12–13. The two-day event, which brings together…
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NIGERIA PRICES $2.35 BILLION EUROBONDS WITH RECORD $13 BILLION INVESTOR DEMAND
The Federal Government of Nigeria has successfully raised $2.35 billion through Eurobonds maturing in 2036 (a $1.25 billion long 10-year tranche) and 2046 (a $1.10 billion long 20-year tranche), according to the Debt Management Office (DMO). The bonds were priced with coupons/yields of 8.63% for the 10-year and 9.13% for the 20-year notes. This milestone…
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NIGERIAN STOCK MARKET LOSES N612 BILLION AMID SELL-OFF, BEARISH TREND CONTINUES
The Nigerian stock market continued its bearish streak on Tuesday, shedding N612 billion in market value. Triggered by sustained sell-offs in stocks like National Salt Company, Skyway Aviation Handling, Oando, UPDC, and Learn Africa, the Nigerian Exchange Limited (NGX) market capitalisation dropped from N97.582 trillion to N96.970 trillion. The All-Share Index fell by 1,109.50 points…
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SHAKARA FESTIVAL TO SHINE IN LAGOS DECEMBER 2025, REDEFINING DETTY DECEMBER VIBES
Lagos is set to host the inaugural Shakara Festival, a thrilling four-day outdoor celebration of African music, culture, and lifestyle from December 18 to 21, 2025, at Nautica Beach Resort, Lekki. Founder Godson Oriaku describes the festival as the ultimate destination for ‘Detty December,’ aiming to elevate African music globally and showcase Nigeria’s vibrant sounds…
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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…
