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Nigeria invests $1bn in telecom overhaul

23.05.2025
Nigeria’s telecommunications sector is set to experience a dramatic improvement in service quality by the third quarter of 2025, driven by a monumental $1 billion investment in network equipment, the Minister of Communications and Digital Economy, Dr Bosun Tijani, said on Thursday. The equipment, slated for delivery starting in July, marks a historic commitment to...
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OSGOF conducts 2025 promotion exams for workers

23.05.2025
The Office of the Surveyor-General of the Federation has successfully conducted the 2025 Promotion Examination for eligible junior officers on Salary Grade Level 05 and below. Head of Information and Public Relations Office of the Surveyor General of the Federation, Henry David, said this in a recent signed statement. He said, “OSGOF has conducted the...
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FG directs AMCON to begin shutdown process

23.05.2025
The Federal Government has inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria, with a directive to strengthen asset recovery and commence a credible, time-bound wind-down of the Corporation. According to a statement by the Director of Information and Public Relations at the Federal Ministry of Finance, Mr Mohammed Manga, on...
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Renaissance Africa Energy shines at Nigerian content awards

23.05.2025
Renaissance Africa Energy Company Limited has been honoured as the Nigerian Content International Upstream Operator of the Year at the prestigious Awards Night of the 2025 Nigeria Oil and Gas Opportunity Fair (NOGOF), organised by the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State. The growing energy firm bested industry giants including...
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Foundation seeks support for tech innovators

23.05.2025
The Executive Director of Innovative Africa Foundation, Tina Mbachu, has called for support for technology innovators, stressing that lack of capital and coaching remain the major challenges hindering tech innovators on the continent. Speaking on the sidelines of the World Product Day held on Wednesday in Lagos, Mbachu said coaching and capital are still the...
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SMEDAN calls for stakeholder collaboration

23.05.2025
The Small and Medium Enterprises Development Agency of Nigeria has called for its stakeholders’ collaboration as part of the effort to grow the Nigerian economy. The call was made on Wednesday during a Stakeholders Engagement Forum and Press Conference for SMEs MINE FEST 2025, held at the Lagos Chamber of Commerce and Industry building, Alausa,...
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Mida Technologies shuns shame tactics in loan recovery

23.05.2025
Mida Technologies, a Nigerian loan recovery firm, is achieving a 40 per cent recovery rate on bad loans by pairing technology with empathy, a stark contrast to the industry’s traditional aggressive tactics, the company said on Thursday. Traditional debt recovery in Nigeria often leans on public shaming or harassment, tactics that Mida Technologies CEO and...
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How Nigeria’s FX market navigates global turmoil

23.05.2025
In this report, SAMI TUNJI explores how the Central Bank of Nigeria has held interest rates steady amid improved foreign exchange stability and rising external reserves, signalling cautious optimism following its 300th Monetary Policy Committee meeting. Despite slight inflation easing, concerns remain over high core inflation, global oil risks, and the need for consistent reforms...
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EAAIF secures $325m for infrastructure expansion

23.05.2025
The Emerging Africa & Asia Infrastructure Fund, a private infrastructure development group managed by ninety-one, has secured $325m in new debt facilities to support infrastructure development across Africa and Asia. The new raise brings EAAIF’s total recent capital mobilisation to $620m, surpassing its earlier target of $500m ahead of the 2025 deadline. The fund plans...
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Equities dip as NGX sheds N274bn

23.05.2025
The Nigerian Exchange recorded a negative outing on Thursday as equities lost N274bn in market value, driven by widespread sell-offs in mid- and large-cap stocks. At the close of trading, the benchmark All-Share Index of the Nigerian Exchange declined by 435.17 points, or 0.40 per cent, to settle at 109,183.93, reducing the market capitalisation 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...

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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