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Top 15 News Roundup For Latest Nigeria News December 16

Here is New Telegraph’s news roundup of the top 15 latest Nigerian news making headlines today Monday, December 16, 2024. ECOWAS Grants Burkina Faso, Mali, Niger Six-Month For Reconsideration The Economic Community of West African States(ECOWAS) has extended a six-month grace period to Burkina Faso, Mali, and Niger Republic to reconsider their decision to withdraw...
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Keyamo defends private airstrip approval amid controversy

The Minister of Aviation and Aerospace Development, Festus Keyamo, has defended his decision to approve a private airstrip amid rising concerns and allegations of preferential treatment. Keyamo insisted on his decision while speaking during a live programme on Arise News on Sunday, as he stressed the importance of fairness and adherence to legal processes in...
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Farmers worry over govt’s dry-season farming initiative

Some farmers have expressed skepticism over the Federal Government’s promised dry season farming intervention. Despite pledges from government officials to enhance food security and shift from rainfed to year-round agriculture, farmers claim the initiatives have been selective and poorly implemented. To tackle food insecurity, the Federal Ministry of Agriculture and Food Security proposed mechanised farming...
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Continental Reinsurance gets positive ratings

A leading pan-African reinsurance company, Continental Re, has been rated B+ for financial strength and long-term issuer credit rating of “bbb-“with a stable outlook. The rating came from AM Best, a global credit rating agency specialising in the insurance industry. Headquartered in the United States, AM Best’s ratings are recognised as a benchmark for assessing...
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AfDB approves $30m for solar power plants, others

The board of directors of the African Development Bank has approved a $30 million equity investment in Africa Finance Corporation to enable AFC to finance climate action projects across Africa. Parties in the deal said the fund would be used to develop solar power plants and energy storage systems, among others, according to a statement....
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Nigeria repays $1.22bn to IMF in nine months – Report

Nigeria has serviced its debt to the International Monetary Fund with not less than $1.22 billion over nine months, data from the Debt Management Office’s external debt service reports has shown. The payments were made as part of principal repayments for three consecutive quarters, from Q4 2023 to Q2 2024. The breakdown of the payments...
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Blue economy policy will enhance maritime governance –FG

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has described the National Policy on Marine and Blue Economy as an inclusive framework that will enhance maritime governance. Oyetola added that the policy will ultimately establish the sector as a key driver of national prosperity in line with Africa’s Agenda 2063. The Head of Press...
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Technology adoption can tackle SMEs’ funding challenges

The Chief Technology Officer of a financial technology company, Payaza, Mr Philips Akinyele, tells LAOLU AFOLABI the technological strategies to address challenges faced by Small and Medium Enterprises What key technological strategies are you spearheading to address the challenges SMEs face in accessing funds? At Payaza, our technological strategies are centred on enhancing financial inclusion...
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NSIA Insurance donates furniture to school

NSIA Insurance Limited has donated chairs, tables, and other back-to-school items to Government College, Victoria Island, Lagos, which it had adopted in 2023. The donation which was part of its Corporate Social Responsibility held on Friday, within the school’s premises. In his remarks at the event, Managing Director/Chief Executive Officer, Moruf Apampa, emphasised the company’s...
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