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Nigeria Reviews Loss Adjusters Fees After 30 Years

The Institute of Loss Adjusters of Nigeria has announced an upward review of its professional fees effective 1 January 2026. This was stated by the President of the Institute of Loss Adjusters of Nigeria, Ikechukwu Udobi, during a press briefing in Lagos, indicating that the review followed engagement with stakeholders in the insurance industry. The...
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LG Bets on AI Appliances to Grow Sales in MEA Market

LG Electronics has unveiled a broad range of AI-powered home appliances aimed at strengthening its position across the Middle East and Africa, as competition intensifies in the region’s consumer electronics market. The company, in a statement on Sunday, said it introduced the lineup at LG InnoFest 2026 MEA, held in Abu Dhabi from February 3...
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Manufacturers cut N1.44tn in loans amid high interest rates

Manufacturers sharply reduced their exposure to bank loans over the first nine months of 2025 as borrowing costs stayed elevated, cutting total credit by N1.44tn amid tight monetary conditions and wide lending spreads, according to the latest quarterly statistical bulletin of the Central Bank of Nigeria. CBN data on the Deposit Money Banks’ sectoral distribution...
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PEBEC & NPA Push Port Reforms in Nigeria to Cut Delays

The Presidential Enabling Business Environment Council, in collaboration with the Nigerian Ports Authority, has concluded a three-day stakeholder engagement in Lagos aimed at reducing cargo dwell time at the nation’s ports. The engagement, titled “Achieving a 7-Day Cargo Dwell Time,” brought together the Ports and Customs Efficiency Committee under the Business Environment Enhancement Programme Accelerator...
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Nigeria Needs $22bn for Gas Pipeline Projects, NNPC Says

Nigeria may require up to $22bn in fresh investments to deliver planned gas pipeline infrastructure under the Nigerian National Petroleum Company Limited’s Gas Master Plan 2026, as the Federal Government intensifies efforts to unlock the country’s vast but underutilised gas resources. The NNPC Limited Gas Master Plan 2026, a copy of which was analysed by...
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Yemi Kale to Headline Ecobank Nigeria’s Customer Forum

The Group Chief Economist & Managing Director, Research and Trade Intelligence, African Export-Import Bank, Dr Yemi Kale, is set to deliver the keynote address at the second edition of the Customer Forum hosted by Ecobank Nigeria. In a statement on Monday, the bank said that the forum organised by its Fixed Income, Currencies and Commodities...
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Oil sector surge boosts NGX market cap to a record high

The Nigerian Exchange Limited reached a historic high as a surge in the Oil & Gas sector drove the All-Share Index to an unprecedented 171,727.49 points. The total market capitalisation rose to N110.23tn over the past week, representing a robust 3.8 per cent weekly appreciation. This bullish performance was primarily fuelled by renewed investor confidence...
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Nigerian Banks Face Rising Loan Losses & Impairment Charges

The impairment charges recorded by six financial holding companies rose sharply to N1.49tn in 2025, compared with N1.06tn in 2024, representing a year-on-year increase of N430.39bn, or 40.66 per cent. This was indicated in the unaudited financial reports of the financial institutions for the year ended December 2025, which were filed with the Nigerian Exchange...
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I apologise for saying no heaven without tithe – Adeboye

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...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

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...