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EU removes Nigeria from its high-risk financial list

16.01.2026
Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to ease trade, payments and investment flows between the country and Europe, according to a report by Business Insider. Business Insider reports on Wednesday that the European Commission confirmed that Nigeria, alongside South Africa, Burkina Faso, Mali, Mozambique and Tanzania,...
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Nigerian Equities Market Reverses Gains, Sheds N457bn

16.01.2026
The Nigerian stock market reversed gains from the previous session, recording a loss of N457 billion for investors on Thursday. The decline followed 23 consecutive bullish sessions. The downturn was driven by profit-taking in stocks such as McNicholas, Caverton Offshore Support Group, Ikeja Hotel, FTN Cocoa Processors, Neimeth International Pharmaceutical, and 36 other declining stocks....
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A win-win for economic growth

16.01.2026
The Federal Government has said the newly signed Comprehensive Economic Partnership Agreement between Nigeria and the United Arab Emirates is designed to attract large-scale UAE investments into Nigeria’s infrastructure and industrial sectors, while positioning the country as a strategic hub for accessing the wider African market. The Minister of Industry, Trade and Investment, Dr Jumoke...
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Nigeria Orders Banks to Collect 7.5% VAT on Service Fees

16.01.2026
The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms. The VAT will apply to electronic banking charges, including mobile money transfers, USSD transaction fees, and card issuance...
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NGX market surges N598bn amid bullish investor sentiment

15.01.2026
The Nigerian Exchange Limited recorded a strong trading session on Wednesday as investor optimism returned to the equities market, pushing total market capitalisation up by N598bn to close at N106.78tn. The increase reflects a 0.56 per cent rise over the previous session and underscores growing confidence among investors despite a slowdown in overall trading activity....
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NGX lists 3.16 billion additional UBA shares

15.01.2026
The Nigerian Exchange Limited has officially listed an additional 3,156,869,665 ordinary shares of United Bank for Africa Plc on its Daily Official List, marking a step in strengthening the bank’s capital base and deepening liquidity in the Nigerian capital market. The listing follows the successful conclusion of UBA’s recent rights issue exercise, which offered shareholders...
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Champion Breweries Redeems N4.21bn Commercial Paper Notes

15.01.2026
Champion Breweries Plc has announced the successful redemption of its N4.21bn Series 1 Commercial Paper Notes at maturity, issued under its N15bn Commercial Paper Issuance Programme. The company said in a statement on Wednesday that the Series 1 Commercial Paper provided cost-effective short-term financing, which boosted its liquidity and enhanced cash flow management. It added...
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Maritime Gaps Cost Nigeria N700bn Annually, Says Report

15.01.2026
The Sea Empowerment and Research Centre has warned that persistent regulatory gaps in the nation’s maritime sector are costing the Nigerian economy between N500bn and N700bn annually. SEREC disclosed this in a policy memorandum on Wednesday, signed by its Head of Research, Eugene Nweke, and addressed to the Minister of Marine and Blue Economy, Adegboyega...
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Imported Petrol Landing Cost Stays Above Dangote’s Price

15.01.2026
The landing cost of imported premium motor spirit (petrol) has remained stuck at rates above the Dangote refinery’s ex-depot price of N699 per litre. According to reports by the Major Energies Marketers Association of Nigeria, while the Dangote refinery’s ex-depot price has remained at N699 since December, the landing cost has been fluctuating between N780...
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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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