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NGX market cap surges N138bn as Nigerian equities firm

09.01.2026
Nigerian equities closed the trading session on a positive note on Thursday as the total market capitalisation of the Nigerian Exchange Limited increased by N138bn, reflecting modest investor optimism despite mixed trading activity across sectors. At the close of trading, total market capitalisation rose to N102.82tn from N102.68tn recorded in the previous session, representing a...
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Govt Confirms Release of Super Eagles’ AFCON Bonuses

09.01.2026
The Federal Government has said all group-stage bonuses due to Super Eagles players at the ongoing Africa Cup of Nations have been released and are expected to reflect in the players’ domiciliary accounts within hours. The Minister of State for Finance, Dr Doris Uzoka-Anite, disclosed this on Thursday while responding to reports that the national...
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UBA Meets N500bn Capital Requirement Via Rights Issue

09.01.2026
The United Bank for Africa has emerged as the latest lender to meet the new minimum capital requirement set by the Central Bank of Nigeria for banks with international operations, as its share capital crosses the N500bn mark. UBA achieved this feat at the conclusion of its N157.83bn rights issue, which was announced on Wednesday....
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Nigerian regulators cooperate to boost oil investments

09.01.2026
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investment in the country’s oil and gas sector, signalling a new era of cooperation between the two agencies. A statement signed by Eniola Akinkuotu, Head of Media and Strategic Communication at...
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North Central States Move to Domesticate New State Tax Laws

09.01.2026
As Nigeria begins implementing its new tax laws, legislative momentum is building across the North Central region, with Jigawa, Plateau, Kogi, Nasarawa and Kwara States taking concrete steps to domesticate the reforms and strengthen their revenue frameworks. Separate statements from the Joint Revenue Board said the moves, driven by recently enacted laws and executive assent,...
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UK Investors Drive 65% of Nigeria’s Foreign Inflows

09.01.2026
Nigeria attracted about 65 per cent of its recent foreign capital inflows from United Kingdom investors over the past year, with investments including $7.5m into Babban Gona and $40.5m into Johnvent Industries, the Federal Government has said. The Federal Ministry of Industry, Trade and Investment, in the document titled ‘2025: A Defining Year for Nigeria’s...
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KPMG flags errors and gaps in new Nigerian tax laws

09.01.2026
Nigeria’s newly gazetted tax laws, which became effective on 1 January 2026, contain errors, inconsistencies, gaps, and omissions that could affect businesses and taxpayers, according to a report by KPMG Nigeria. The report reviewed the Nigeria Tax Act and the Nigeria Tax Administration Act, alongside the Nigeria Revenue Service Establishment Act and the Joint Revenue...
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FG Budgets N1.7tn in 2026 to Settle Unpaid Contractors

09.01.2026
The Federal Government has budgeted the sum of N1.7tn in the 2026 Appropriation Bill to settle outstanding debts owed to contractors for capital projects executed in 2024. A breakdown of the proposed 2026 national budget shows that the amount is captured under the line item titled “Provision for 2024 Outstanding Contractor’s Liabilities,” signalling official recognition...
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Tinubu lauds NGX N100tn milestone, urges investment

09.01.2026
President Bola Tinubu has praised corporate Nigeria, citizens, and stakeholders in the Nigerian capital market for helping the Nigerian Exchange surpass the historic N100 trillion market capitalisation milestone, describing it as a signal of a “new economic reality” for the country. In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga,...
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NUPRC & NMDPRA Partner to Boost Nigerian Oil Sector

09.01.2026
The Nigerian Upstream Petroleum Regulatory Commission and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have renewed efforts to enhance regulatory efficiency and foster investments in Nigeria’s oil and gas sector, signalling a new era of cooperation between the two agencies. A statement signed by the Head of Media and Strategic Communication at NUPRC, Eniola...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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