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How Stable Policies Can Unlock Private Capital for Growth

01.02.2026
The Executive Director, Commercial and Institutional Banking for Lagos and the South-West at The Alternative Bank, Korede Demola-Adeniyi, has called for stronger public-private collaboration and predictable policies to accelerate blended finance and mobilise private capital for inclusive growth. According to a press statement on Thursday, Demola-Adeniyi made the call at the Africa Social Impact Summit...
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IMPI Projects Nigeria’s GDP to Reach 5.5% by 2026

01.02.2026
The policy group, the Independent Media and Policy Initiative, has projected that Nigeria’s Gross Domestic Product will reach 5.5 per cent in 2026, driven by what it describes as the new economic model deployed by President Bola Tinubu. This was disclosed in a policy statement signed by its chairman, Dr Omoniyi Akinsiju, maintaining that its...
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Nigeria’s Courier Business Booms Amid E-commerce Growth

01.02.2026
Courier operators are linking sellers and buyers efficiently, fuelling e-commerce and nearly doubling sector growth in just nine months. Yet, stakeholders caution that the industry continues to face several challenges, writes ARINZE NWAFOR The post and courier sector recorded a turnover of N248.14bn in the first nine months of 2025, indicating the growing role of...
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Telcos Plan N1.4tn for Network Expansion, NCC Confirms

01.02.2026
Nigeria’s mobile-phone operators plan to step up spending on network infrastructure this year, promising to invest more than the over $1bn (N1.4tn) ploughed into the sector in 2025, the Nigerian Communications Commission has said. The commitment comes after a year of heavy capital expenditure last year, when telcos rolled out more than 2,850 new network...
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Transcorp Hotels Posts Record Revenue of N97.04bn in 2025

01.02.2026
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue worth N97.04bn in 2025, which is 38 per cent higher than N70.13bn in the previous year. This was indicated in the audited financial reports of the company filed with the Nigerian Exchange Limited on Friday. The PUNCH reports that the...
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Rival Ogun Towns Clash Over Eba Island Oil Rights

31.01.2026
After the Atijere community of Ondo State laid claim to Eba Island, two neighbouring towns in the Ogun Waterside Local Government of Ogun State, Ode-Omi and Makun Omi, have laid rival claims to the coastal location reportedly approved by the Federal Government for commercial crude oil exploration, deepening the custodianship dispute in the oil-rich village....
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Naira Exchange Rate Strengthens Below N1,400/$1 Mark

31.01.2026
Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central Bank of Nigeria show that the Nigerian Foreign Exchange Market rate, the determining benchmark for the official market, strengthened to N1,396.99/$1...
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Geregu Power Plc Appoints Sean Manley as Interim CEO

31.01.2026
Geregu Power Plc has appointed Sean Manley as its Interim Chief Executive Officer, effective 2 February 2026, subject to the approval of the Nigerian Electricity Regulatory Commission and the company’s shareholders at the next general meeting. In a notice filed on the Nigerian Exchange Limited on Thursday, the company stated that Manley brings over 30...
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FCMB Posts N177bn Profit in 2025 Financial Year

31.01.2026
FCMB Group Plc has reported a profit after tax of N177bn for the year ended 31 December 2025, marking a 141 per cent increase from N73.3bn recorded in 2024. The performance underscores the bank’s earnings base, driven by higher interest income and improved non-interest revenue streams. The group’s gross earnings rose sharply to N1.13tn in...
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NGX Market Cap Rises by N232bn Amid Trading Slowdown

31.01.2026
The Nigerian Stock Exchange closed higher on Thursday, 29 January 2026, as investors responded to positive market sentiment despite a slowdown in trading activity. The total market capitalisation rose by N232bn, from N105.74tn on Wednesday, 28 January, to N105.97tn, representing a 0.22 per cent increase. Similarly, the All Share Index gained 362.93 points, moving from...
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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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