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Africa faces economic risks from global tensions

19.04.2026
Africa’s economic growth could be reduced by up to 0.2 percentage points in 2026 due to the ongoing conflict in the Middle East, driven by higher energy costs, trade disruptions, and tighter financial conditions, Afreximbank has said. The warning was contained in a statement obtained on Friday, in which the bank said African economies remain...
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Nigeria bans imports of cement, fertiliser & 15 other goods

19.04.2026
The Federal Government has updated its import prohibition list, targeting cement, soaps, fertiliser, and 14 other categories of goods, bringing the total number of affected categories to 17. This was disclosed in a circular issued by the Federal Ministry of Finance and signed by the Minister of Finance and Coordinating Minister of the Economy, Wale...
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CBN introduces Nigerian Overnight Rate for money market

19.04.2026
The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. This was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According to the...
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Nigeria Commits $500k to Regional Capacity Development

19.04.2026
Nigeria has formalised a $500,000 contribution to the third phase of AFRITAC West 2, reinforcing its commitment to regional capacity development and policy strengthening across West Africa. AFRITAC West 2, or AFW2, is a regional technical assistance centre set up by the International Monetary Fund to support countries in West Africa with economic policy and...
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Nigeria Now Resilient to Global Economic Shocks, Says FG

19.04.2026
The Federal Government on Friday declared that Nigeria is currently in a sound position to withstand global economic shocks stemming from the Middle East crisis or other issues. The Minister of Finance/Coordinating Minister for the Economy, Wale Edun, and the Governor of the Central Bank of Nigeria, Yemi Cardoso, took turns reiterating this position during...
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NMDPRA Assures Nigeria of Stable Jet Fuel Supply

19.04.2026
The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Friday moved to calm rising concerns in the aviation sector, declaring that Nigeria currently has sufficient aviation fuel stock to last over two months. The regulator also dismissed reports of an imminent price spike to N3,300 per litre, describing such claims as inaccurate and misleading. In...
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FCCPC Denies Banning Airtime Borrowing & Data Advances

19.04.2026
The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed claims that it banned airtime borrowing and data advance services in Nigeria, describing the reports as false and misleading. The commission clarified that it did not issue any directive stopping telecom operators from offering such services, stressing that Nigerians remain free to access lawful value-added...
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MAN Rejects Petrol Import Proposal, Cites Economic Harm

19.04.2026
The Manufacturers Association of Nigeria has urged the Federal Government to reject policy recommendations suggesting the reinstatement of petrol import licences, describing the proposal as flawed and harmful to Nigeria’s industrialisation drive. The position follows the now-retracted recommendation by the World Bank in its April 2026 Nigeria Development Update. In a statement on Friday, Director-General...
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FCCPC Denies Airtime Borrowing Ban, Blames Telcos for Servic

19.04.2026
The Federal Competition and Consumer Protection Commission has dismissed widespread claims that it banned airtime borrowing and data advance services in Nigeria, describing the reports as false, misleading, and driven by vested interests resisting regulatory reforms. The clarification follows a wave of public concern triggered by viral social media posts and some media reports suggesting...
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CBN unveils Nigerian Overnight Financing Rate for money mark

19.04.2026
The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. The disclosure was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According to...
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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...

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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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