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LOTUS Bank Backs Govt Push for CNG & EV Mobility in Nigeria

18.05.2026
LOTUS Bank has partnered with the Presidential Initiative on CNG & EV to support the Federal Government’s push for cleaner and more affordable transportation through compressed natural gas and electric vehicles. According to a statement, the collaboration was announced during the launch of the Northern Corridor of the CNG and EV Programme held in Kano,...
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Autonomous inflows drive Nigeria’s FX market recovery

18.05.2026
The decision to clear over $7bn in unsettled foreign exchange obligations has boosted investor confidence, as rising diaspora remittances, portfolio investments, and non-oil export earnings have strengthened reserves and accelerated recovery in Nigeria’s foreign exchange market, JIDE AJIA writes The decision by the Central Bank of Nigeria to clear more than $7bn in unsettled foreign...
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FG cracks down on contract variations in Nigeria with new ru

18.05.2026
The Federal Government, through its Bureau of Public Procurement, on Sunday barred government Ministries, Departments, and Agencies from processing upward revisions of contract sums without first obtaining a Bureau certificate. This was as it issued other sweeping guidelines that centralised the review of all contract variations and scope modifications under its authority. According to a...
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NDPHC Pledges 1,500MW Boost for Lagos Power Supply

18.05.2026
The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has said the company is ready to support the Lagos electricity market with an additional 1,500 megawatts of power supply. Adighije disclosed this during a courtesy visit to the Managing Director/Chief Executive Officer of the Lagos State Electricity Regulatory...
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Tatum Bank Posts N1.7bn Profit in Debut Financial Year

18.05.2026
Tatum Bank has reported a Profit Before Tax of N1.7bn for the 2025 financial year, its first eight months of operation, according to its abridged financial statement. The bank also closed the year with a deposit base of more than N117bn, reflecting customer growth and increased market penetration during its early operations. The performance came...
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Sugar Investments Can Reduce Unemployment in Nigeria

18.05.2026
The Executive Secretary/Chief Executive Officer of the National Sugar Development Council, Kamar Bakrin, has said a fully developed sugar industry could help tackle unemployment, insecurity, and rural underdevelopment in Nigeria through large-scale job creation and industrial investments. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service at the Customs...
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Why Domestic Capital is Key to Development

18.05.2026
In a recent interview with Reuters, Oando’s Group Chief Executive, Wale Tinubu, set out more than a financing strategy, outlining a structural shift in how Africa must think about funding its future. As Oando advances plans to raise about $750m for an extensive drilling campaign that could significantly increase production, the conversation extends beyond capital...
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63% of Nigerians Want Interest Rates Reduced

18.05.2026
The Central Bank of Nigeria says 63.3 per cent of Nigerians want interest rates reduced ahead of the Monetary Policy Committee meeting scheduled for May 19 and 20, 2026. The apex bank disclosed this in its April 2026 Inflation Expectations Survey Report, released by its Statistics Department under the Economic Policy Directorate on its website...
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Dangote raises Ethiopia fertiliser investment to $4 billion

18.05.2026
The President of Dangote Industries Limited, Aliko Dangote, received a hero’s welcome in Gode, Ethiopia, on a visit tied to his group’s fertiliser plant project in the country. He was hosted by Prime Minister Abiy Ahmed, and both men visited the construction site of the proposed facility on Sunday. Ethiopia signed a shareholders’ agreement with...
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Africa Needs Power and Infrastructure, Not Handouts

18.05.2026
At the 2026 Africa Forward Summit, convened by Kenyan President William Ruto and French President Emmanuel Macron, the Founder and Group Chair of Heirs Holdings, Tony Elumelu, called for a shift in Africa’s global partnerships, stressing that the continent seeks engagement based on equality and economic substance rather than dependency. Elumelu told heads of state,...
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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...

Protesters storm Rivers electoral commission, insist election must hold

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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