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Naira Exchange Rate Ends 2025 Stronger at Official Market

02.01.2026
The naira on Wednesday closed 2025 stronger against the US dollar, trading at N1,435.75 at the official foreign exchange market. Central Bank of Nigeria data showed that the currency gained N9.93, marking continued firmness at the year end. This followed Tuesday’s close of N1,445.68, translating to a 0.7 per cent day-on-day appreciation. A CBN official...
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How Recyclable Plastics Innovations Can Transform the Econom

02.01.2026
A Nigerian-born polymer scientist, Kingsley Samson, has said waste-to-energy technology and recyclable polymer innovations have the potential to expand access to clean power. According to a statement, Samson, a doctoral researcher in Polymer Science at the University of Akron in the United States, added that the innovations can reduce environmental pollution in developing and industrial...
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NCDMB Launches Tech Innovation Challenge for Oil & Gas Secto

02.01.2026
The Nigerian Content Development and Monitoring Board has launched the 2025/2026 Nigerian Content Research, Innovation, and Technology Challenge, calling for proposals aimed at solving key technological gaps in the oil and gas industry and its linkage sectors. In a statement by the General Manager of Corporate Communications, Obinna Ezeobi, the board said the competition, which...
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Insurance stocks surge 93% as market cap hits N904bn

02.01.2026
Nigeria’s insurance sector recorded a sharp rally in 2025, with combined market capitalisation climbing by 93 per cent year-on-year to approximately N904bn as of 24 December 2025. The surge reflects broad-based gains across 17 underwriters listed on the Nigerian Exchange Limited, driven by renewed investor confidence, improved earnings outlooks, and sustained re-rating of previously undervalued...
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Nigerian Banks’ Bad Loans Spike After CBN Ends Forbearance

02.01.2026
Nigeria’s banking sector recorded a rise in bad loans in 2025 after the Central Bank of Nigeria withdrew the regulatory forbearance granted to lenders during the COVID-19 pandemic, according to the apex bank’s latest macroeconomic outlook report. The report showed that the banking industry’s Non-Performing Loans ratio climbed to an estimated seven per cent, exceeding...
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Dangote Refinery Fuels West Africa’s Refining Boom

02.01.2026
West Africa is rapidly developing into a regional refining and trading hub, driven largely by the impact of Nigeria’s 650,000 barrels-per-day Dangote Petroleum Refinery and broader government efforts to achieve refined product self-sufficiency and expand export capacity, a report by Argus Media has stated. The report noted that the independently owned refinery has significantly altered...
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Nigeria Plans Policy and Data Overhaul to Deepen AfCFTA

02.01.2026
The Federal Government, through the Federal Ministry of Industry, Trade and Investment, plans to align policy and regulatory systems to fully implement the African Continental Free Trade Area, while improving the monitoring of AfCFTA trade flows to capture the engagement of women and youth. The ministry, in a policy document, stated that the agenda forms...
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NMDPRA Speeds Up Petroleum Vessel Clearance in Nigeria

02.01.2026
Official records have shown that the Nigerian Midstream and Downstream Petroleum Regulatory Authority cleared the majority of petroleum product vessels calling at Nigerian ports within 24 hours in November 2025. Data contained in the NMDPRA’s vessel clearance schedule for the month indicates that many applications were approved within hours of submission, with several vessels receiving...
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Group opposes proposed Truck Logistics Provider scheme

02.01.2026
A maritime truck group under the auspices of the Council for Maritime Truck Unions and Associations has kicked against the proposed Truck Logistics Provider Scheme proposed by the Association of Maritime Truck Owners. The President of COMTUA, Adeyinka Aroyewun, in a statement obtained by The PUNCH on Monday, described the move as a fraudulent agenda...
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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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