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Japa crisis worsening startups’ talent drain – Analysts

Experts have warned that Nigeria’s tech startup ecosystem is facing a severe talent drain as the mass emigration of skilled workers, popularly known as “Japa Syndrome”, continues to erode the country’s innovation potential. According to them, this exit, fuelled by economic uncertainty and the lack of opportunities, is leaving a massive void in the workforce,...
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CBN extends $25,000 weekly forex sales to BDCs

The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign exchange from the Nigerian Foreign Exchange Market till May 30, 2025. This extension was disclosed in a circular issued on Monday by the Trade and Exchange Department of the apex bank, allowing BDCs to continue purchasing...
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PenCom issues new guidelines on PFAs’ branches

The National Pension Commission has issued a new circular on how Licensed Pension Fund Administrators run their branches and service centres to meet the increased demand for pension services. According to the circular issued on Monday evening, PenCom said the move is aimed at ensuring more efficient service delivery by PFAs at their branches and...
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Unilever achieves N149.8bn turnover

Unilever Nigeria Plc has recorded a turnover of N149.8bn. This marks a 44 per cent increase from the N103.9bn achieved in the corresponding period in 2023. A statement made available to our correspondent on Monday by the company stated that the gross profit stood at N55.7bn, a 75 per cent increase compared to N31.9bn recorded...
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Nigeria, Uganda strengthen trade relations under AfCFTA

Nigeria and the Ugandan governments have strengthened trade relations following the appointment of the Ugandan Trade Representative Ani Bassey-Eyo to Nigeria, marking a step in implementing the African Continental Free Trade Area agreement. According to a statement, the appointment preceded the signing of commitment export orders, paving the way for Uganda’s first official shipment of...
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AVA unveils money market fund

AVA Global Asset Managers Limited has launched its Money Market Fund, approved by the Securities and Exchange Commission. In a statement on Monday, the open-ended fund is designed to provide unit holders with a stream of income. According to the statement, with an offer size of N1bn and a unit price of N1.00, the fund...
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NAICOM, World Bank in moves to boost Nigeria’s insurance sector

The National Insurance Commission hosted a delegation from the World Bank, led by Mr Mehnas Safavian to explore opportunities for collaboration and growth in the nation’s insurance sector. According to a statement late Tuesday, the commission said the conversation during the meeting centred on regulatory reforms, capacity building and the sector’s role in supporting Nigeria’s...
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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...