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High Interest Rates Drive N5.4tn Drop in Bank Credit to Key Sectors
Commercial banks reduced lending to major sectors of Nigeria's economy by N5.45 trillion within one year as rising borrowing costs...
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FG Endorses Revised NiMet Scheme of Service to Strengthen Staff Career Development
The Federal Government has approved a reviewed Scheme of Service for the Nigerian Meteorological Agency (NiMet), a development expected to...
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Namibia, China Pledge Deeper Economic Ties as President Meets Chinese Premier in Beijing
Namibian President Netumbo Nandi-Ndaitwah and Chinese Premier Li Qiang have reaffirmed their commitment to strengthening bilateral relations, with both leaders...
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Senate Gives Conditional Backing to Lafarge-Huaxin Deal, Demands Strong Regulatory Oversight
The Senate has endorsed the proposed acquisition of Lafarge Africa Plc by Hainan Huaxin Pan-African Investment Company Plc, saying the...
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Dangote Chooses Kenya for Landmark East African Oil Refinery
Africa's richest businessman, Aliko Dangote, has confirmed plans to establish a 700,000-barrel-per-day oil refinery in Kenya, marking a major expansion...
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‘Unless Revenues Are Raised, Nigeria Will Struggle to Repay Debt’ — World Bank
The World Bank has said Nigeria's fiscal challenge is driven more by weak revenue generation than excessive borrowing, urging the...
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FG Cuts Vehicle Import Levies, Dealers Seek Clarity on Green Tax
The Federal Government has reduced import levies on new and used vehicles under the 2026 Fiscal Policy Measures, raising expectations...
Read moreDetailsCBN Revokes Licences of 46 Microfinance Banks Over Regulatory Breaches
The Central Bank of Nigeria (CBN) has withdrawn the operating licences of 46 microfinance banks for failing to meet regulatory...
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“Dangote Refinery Has Never Exported Fuel Only To Re-Import It”
Dangote Petroleum Refinery has dismissed reports alleging that it exports refined petroleum products only to re-import them into Nigeria, describing...
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TinCan Customs Generates N111.2bn Revenue in May, Vows Improved Performance
The TinCan Island Port Command of the Nigeria Customs Service (NCS) generated N111.2 billion in revenue in May 2026, reinforcing...
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