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FGN bond subscriptions drop 45% despite higher yields

20.05.2026
Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields at the auction. Data released by the Debt Management Office showed that total market subscriptions fell to N516.17bn in May from N947.99bn recorded in April. At the May 18 auction, the DMO offered...
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Access Bank FX Liquidity to Cover $1bn Debt

20.05.2026
Access Bank Plc possesses adequate foreign currency liquidity to comfortably service its looming $1bn external debt obligations maturing later this year. Global credit rating agency Fitch Ratings disclosed this in its latest institutional credit assessment, where it also affirmed the bank’s Long-Term Issuer Default Rating at ‘B’ with a Stable Outlook. The financial institution faces...
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NIMASA enhances maritime security in Nigeria via partnership

20.05.2026
The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, has stressed the agency’s resolve to strengthen its partnership with other security agencies in the country to tackle insecurity in Nigeria’s territorial waters. The NIMASA boss stated this on Tuesday at the Deep Blue Maritime Operational Sea Demonstration and graduation ceremony held...
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AXA Mansard & Lagos Partner for Child Protection in Lagos

20.05.2026
AXA Mansard Insurance Plc has partnered with the Lagos State Domestic and Sexual Violence Agency to deepen public awareness and prevention of domestic and sexual violence against children across local communities in the state. The initiative forms the core pillar of the 2026 AXA Week for Good, a corporate social responsibility drive held under the...
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Nigeria Oil Firms Surge Under Local Content Policy

20.05.2026
Oil operating firms in Nigeria have increased from fewer than 10 before the implementation of local content policies to about 117 currently, as local content performance rose from less than 5 per cent in 2010 to 61 per cent in 2025. The development was disclosed on Tuesday at the 2026 Nigerian Oil and Gas Midstream...
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South African Investors Eye Stakes in Dangote Refinery

20.05.2026
South Africa’s leading pension and investment institutions are eyeing investment opportunities in the Dangote Petroleum Refinery and Petrochemicals following a high-level visit to the facility. According to a statement by the company on Tuesday, the delegation from the South African Government Employees Pension Fund, the Public Investment Corporation, and Alterra Capital Partners toured the Dangote...
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Tanzania allocates $109m for Air Tanzania expansion

20.05.2026
The Tanzanian government has allocated $109m to support the expansion and operational improvement of Air Tanzania Company Limited in the 2025/26 transport budget. According to budget documents presented to parliament by the Minister of Transport, Makame Mbarawa, on 13 May, the national carrier will receive $71.5m for aircraft acquisition, procurement of spare engines, and rehabilitation...
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Renewed Hope Project grants Abuja artisans employment

20.05.2026
A total of 572 artisans have graduated under the skills acquisition programme of Family Homes Funds Limited, with 72 Abuja-based beneficiaries securing automatic employment through the Renewed Hope City Housing Project. This was contained in a statement on Tuesday obtained by The PUNCH. The Managing Director/Chief Executive Officer of FHFL, Abdul Mutallab Mukhtar, disclosed this...
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Nestlé Invests N6bn in Nigerian Youth Skills Initiative

20.05.2026
Nestlé Nigeria Plc has rounded off the 15th anniversary celebration of its Technical Training Initiative with a cumulative investment of over N6bn directed towards youth empowerment, vocational mastery and technical skill development in the country. The milestone was marked alongside the graduation of 20 new trainees from the Abaji Factory Technical Training Centre, a development...
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NGX sustains bullish run with N917bn gain

20.05.2026
Nigeria’s equities market sustained its upward momentum on Tuesday as the benchmark indices closed higher, driven by renewed buying interest in select mid- and small-cap stocks. The market capitalisation of listed equities rose by N917bn to close at N161.279tn from N160.362tn recorded at the opening of the trading session. Similarly, the All-Share Index of the...
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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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