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Starlink Resumes Service in Nigeria

Starlink, the satellite internet provider owned by Elon Musk’s SpaceX, has resumed new customer activations in Nigeria, following an expansion of its network capacity and a regulatory pause that halted residential orders late last year. The PUNCH reported that the internet firm with over 60,000 subscribers suspended new orders for its residential internet kits across...
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Stock Market Sheds N491bn: Weekly Losses Hit Nigeria

The Nigerian Stock Market ended the week bearish on Friday, with investors recording a loss of N491 billion. Market capitalisation declined by N491 billion or 0.64 per cent, closing at N75.962 trillion from N76.453 trillion on Thursday. Similarly, the All-Share Index dropped by 776.92 points or 0.64 per cent to 119,995.76 from 120,772.68 recorded previously....
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Nigeria Mini-Grids Power 6 Million: W’Bank Report

A new World Bank report has revealed that Nigeria’s decentralised renewable energy drive has connected nearly six million people to power through more than 170 mini-grids and 1.2 million stand-alone solar systems, even as the country continues to battle the largest electricity access gap in the world. The newly released report, “Tracking SDG7: The Energy...
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Tax Reform in Nigeria: ACCI Commends Tinubu’s Action

The Abuja Chamber of Commerce and Industry has commended President Bola Tinubu for signing into law four landmark tax reform bills and urged the government to ensure full implementation. It described the move as a bold and strategic step towards enhancing the ease of doing business, attracting investment, and establishing a fairer and more transparent...
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Rising Crude Prices Boost Nigerian Market

Investment firm Meristem Securities Limited has projected that Nigerian oil and banking stocks will benefit from the ongoing surge in global crude oil prices driven by geopolitical tensions in the Middle East. According to Meristem’s latest macroeconomic and capital market update, the rising oil prices could have implications for Nigeria’s economy and financial markets, with...
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$20M Daily Revenue, NGX Listing Imminent

Nigerian Exchange Group and key capital market stakeholders have expressed readiness to support the planned listing of Dangote Fertiliser Limited on the Exchange. The development followed a recent visit by the board and management of NGX Group, alongside other market stakeholders, to the Dangote refinery and fertiliser facilities in Lagos. Group Managing Director and Chief...
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Marketers Seek Funding for Nationwide Expans

The Independent Petroleum Marketers Association of Nigeria has sought government funding to convert existing petrol stations to Compressed Natural Gas refilling centres. The association said the Presidential Compressed Natural Gas Initiative has great potential but cannot be scaled effectively without significant government support, even as the Federal Government announced that over 100,000 vehicles had been...
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NNPC Foils Sabotage Attempt, Pledges Reforms

The new leadership of the Nigerian National Petroleum Company Limited, led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a corruption-free one. Recall that Ojulari took over from Mele Kyari, who was removed by President Bola Tinubu as the...
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Nigeria-Indonesia Trade Forum: FG Boosts Bilateral Trade

The Federal Government has pledged support for the Nigeria-Indonesian Investment and Trade Forum 2025 to boost bilateral trade and attract foreign investment. Mr Ishmael Balogun, President of the Nigerian-Indonesian Chamber of Commerce and Industry, revealed this during a news conference on Friday in Lagos. He said the Office of the Vice President, Mr Kashim Shettima,...
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New Leadership Faces Corruption Fight

The new leadership of the Nigerian National Petroleum Company Limited, led by Bayo Ojulari, has raised the alarm that some saboteurs within and outside the organisation are working against efforts to transform the company into a corruption-free one. Recall that Ojulari took over from Mele Kyari, who was removed by President Bola Tinubu as the...
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I apologise for saying no heaven without tithe – Adeboye

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

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

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...