August 7, 2025
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Business

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Business

CBN Addresses NRBVN Charges for Nigerians Abroad, Reaffirms Drive Toward Inclusive Financial Services

The Central Bank of Nigeria (CBN) has provided clarity on the charges associated with the Naira Remittance-Based Virtual Naira (NRBVN) service, specifically targeting Nigerians in the diaspora. In a statement issued by the apex bank, it reassured the public—particularly citizens residing outside the country—of its commitment to transparent financial practices and deepening financial inclusion across

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General Leadership Price Inflation

President Tinubu Reaffirms Commitment to Curb Inflation, Deepen Transparency in Governance

President Bola Ahmed Tinubu has reiterated his administration’s firm resolve to tackle rising inflation and entrench a culture of transparency and accountability in Nigeria’s fiscal governance structure. He made this known on Monday while declaring open the National Conference on Fiscal Governance, Transparency and Accountability in Abuja. The three-day national event, convened by the Public

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Business

Tinubu International Conference Centre Generates ₦700 Million in Three Weeks – Wike

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has disclosed that the newly commissioned Bola Ahmed Tinubu International Conference Centre has generated a remarkable ₦700 million in revenue within just three weeks of commencing operations. Wike made this revelation while briefing journalists on the progress of infrastructure development within the FCT. He noted

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Business

DMO Opens Subscription for July 2025 FGN Savings Bonds with Rates Up to 16.762%

The Debt Management Office (DMO) has announced the opening of subscription for the July 2025 Federal Government of Nigeria (FGN) Savings Bonds, offering investors competitive interest rates of 16.262% and 16.762% for the 2-year and 3-year tenors respectively. In a public notice released on Monday, the DMO disclosed that the offer will remain open from

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Business

DisCos Hit Record Revenue in Q1 2025 Despite Persistent Power Supply Challenges

July 7, 2025 Nigeria’s electricity distribution companies (DisCos) posted their highest quarterly revenue since the sector was privatised in 2013, raking in a record sum during the first quarter of 2025. This development comes despite growing public frustration over erratic electricity supply nationwide. According to industry data from the Nigerian Electricity Regulatory Commission (NERC), the

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Agriculture Business Diplomatic Relations

Tinubu Assures Brazil: Nigeria Dismantling Barriers to Boost Agriculture and Food Production

July 7, 2025 President Bola Ahmed Tinubu has reaffirmed Nigeria’s unwavering commitment to improving food security and enhancing agricultural productivity by systematically eliminating structural bottlenecks hindering the sector. Speaking during a bilateral meeting with Brazilian President Luiz Inácio Lula da Silva on the sidelines of the 17th BRICS Summit in Rio de Janeiro, President Tinubu

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Business

Nigerian Banks Reactivate Naira Cards for International Transactions as FX Liquidity Improves

July 7, 2025 In a major relief for Nigerian consumers and businesses, several Deposit Money Banks (DMBs) have resumed international transactions on naira-denominated debit cards, following notable improvements in the country’s foreign exchange (FX) liquidity. The reinstatement comes after years of suspension due to severe FX scarcity, which forced banks to restrict or halt the

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Business

NGX Records 16.57% Growth in H1 2025 as Select Stocks Post Triple-Digit Gains

July, 2025 | Lagos The Nigerian Exchange (NGX) closed the first half of 2025 with a moderate year-to-date return of 16.57%, reflecting a slower growth trajectory compared to the 33.81% surge posted during the same period in 2024. While the overall market growth decelerated, several individual equities defied the broader trend, recording triple-digit returns and

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Business Crime

NDPC Slams MultiChoice Nigeria with ₦766 Million Fine Over Data Privacy Breaches

The Nigeria Data Protection Commission (NDPC) has imposed a ₦766 million fine on MultiChoice Nigeria for multiple violations of the Nigeria Data Protection Act. The regulatory body announced the sanction following an in-depth investigation that uncovered serious breaches involving the unlawful processing of users’ personal data, unauthorized cross-border data transfers, and failure to obtain valid

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Business General

FG Paffles Presidential Boeing 737 Business Jet After Nearly 20 Years, Puts It Up for Sale Through Swiss Firm

The Federal Government has put up for sale its presidential Boeing 737-700 Business Jet (BBJ), which has served the nation for nearly two decades. The aircraft, acquired in 2005 during the administration of former President Olusegun Obasanjo for $43 million, is now listed for sale through AMAC Aerospace in Basel, Switzerland. This move comes as

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