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Nigeria Infrastructure Debt Fund Posts N23.63bn Profit

16.01.2026
The Nigeria Infrastructure Debt Fund has reported a profit of N23.63bn for the year ended 31 December 2025, up from N19.59bn recorded in the same period in 2024. The fund, which invests in infrastructure loans across the country, posted a fourth-quarter profit of N6.75bn, compared with N5.91bn in the corresponding period of 2024. According to...
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Nigeria’s inflation drops to 15.15% after NBS review

16.01.2026
Nigeria’s headline inflation rate eased to 15.15 per cent in December 2025 following a methodological review by the National Bureau of Statistics, marking a sharp moderation in price pressures compared with both the preceding month and the same period last year. The latest Consumer Price Index report released by the NBS showed that the CPI...
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Turkish Airlines Expansion Targets $144bn Economic Impact

16.01.2026
Turkish Airlines has announced an investment programme worth more than TRY 100 billion, positioning the national flag carrier to raise its annual contribution to the Turkish economy to $144bn by 2033. This was made known in a recent statement made available to The PUNCH. The initiative, unveiled under the airline’s 2033 vision, was launched with...
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US Visa Restrictions Hit Nigerian Airlines & Travelers Hard

16.01.2026
Following several strict sanctions placed on Nigerians seeking to travel to the United States of America, aircraft load factors have begun to reduce significantly, as stakeholders confirmed massive visa rejections at US embassies. Airline operators who spoke with our correspondent explained that airlines have recently been experiencing many empty seats, as US-bound passengers have withdrawn...
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Nigeria Misses OPEC Oil Quota for Nine Months in 2025

16.01.2026
Nigeria’s crude oil output dipped in December 2025 by 14,000 barrels per day, defying government efforts to ramp up production. According to data from the Nigerian Upstream Petroleum Regulatory Commission, instead of rising to meet the 1.5 million barrels per day quota set for Nigeria by the Organisation of the Petroleum Exporting Countries, crude oil...
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Standard Chartered Appoints Dalu Ajene Africa CEO

16.01.2026
Standard Chartered has announced the appointment of Dalu Ajene as the Chief Executive Officer of the bank’s operations in Africa, with dual responsibilities as the Head of Coverage for Africa. Until his appointment, Ajene served as the Chief Executive Officer of Standard Chartered Nigeria, a position he assumed in April 2024. Under his leadership, the...
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Nestle Leads Gainers as NGX Trading Hits N31bn

16.01.2026
The Nigerian Exchange Limited closed Thursday’s trading session on a positive note, driven by strong performances from consumer and banking stocks. Investors exchanged a total of 1,025,534,120 shares in 51,194 deals, representing a market turnover of N31.36bn. The trading session marked a 36 per cent increase in volume and a six per cent rise in...
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Dangote Boosts Nigeria’s Petrol Supply to 960M Litres

16.01.2026
Fuel availability and stock levels improved in December 2025, with the supply of petrol rising to 74.2 million litres per day and national stock sufficiency expanding to over 29 days, according to a factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Thursday. This came as petrol supply from the Dangote Petroleum...
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Nigeria’s Government Spending Rises Amid High Inflation

16.01.2026
The Nigerian government’s spending rose in nominal terms in 2024. Still, it delivered far less value in real terms, as inflationary pressures continued to weigh on public finances, renewing calls for policy action to boost growth while enforcing fiscal discipline. Data from the Central Bank of Nigeria’s 2024 Statistical Bulletin showed that total government expenditure...
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Nigeria Removed From EU High-Risk Financial List by Commissi

16.01.2026
The Federal Government has welcomed the European Commission’s decision to remove Nigeria from the European Union’s list of high-risk third countries for Anti-Money Laundering and Countering the Financing of Terrorism. The decision is contained in a European Commission Delegated Regulation released this week, amending Delegated Regulation 2016/1675. A statement issued via X on Thursday by...
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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
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

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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