Economy
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Edo moves to harness digital technology for tourism
By Shayo Olatonmiwa The Edo State Government has renewed efforts to harness digital technology and artificial intelligence (AI) to boost tourism, preserve the state’s cultural heritage and attract more visitors and investment. The initiative was highlighted during activities marking World Tourism Day 2026, organised by the Edo State Tourism Agency, including an awareness walk through Benin City and a symposium…
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NITDA urges AI driven agricultural extension, seeks digital infrastructure for farmers
The National Information Technology Development Agency (NITDA) has called for the development of integrated digital infrastructure to expand agricultural extension services and provide millions of Nigerian farmers with timely and reliable information. The Director-General of NITDA, Kashifu Inuwa, made the call at the Africa Agribusiness Extension Summit (AAES) 2026, organised by Extension Africa in partnership with NITDA in Abuja. Represented…
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Nigerian equities market drops by N91bn over negative sentiment trading
The Nigerian equities market started the week on a bearish note on Monday, as the overall capitalization declined by N91 billion. The Nigerian Exchange Limited All-Share Index (NGX ASI) declined by 140.41 basis points or 0.06 per cent, to close at 250,667.86 basis points. Similarly, the overall market capitalisation value shed N91 billion to close at N 162.752 trillion. The…
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Wema Bank’s sustained profit generation to drive Basic EPS
Wema Bank’s Plc for unaudited half year (H1) ended June 30, 2026 declared profit before tax of N154.5 billion ,about 53.65 per cent increase from N100.6billion in half year ended Jun 30, 2025, while profit after tax closed at N131.3 billion in H1 2026, up by157 per cent from N87.5 billion in H1 2025. The H1 2026 performance, however, reinforced…
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Etihad, Ibom Air unveil single-ticket access to five Nigerian cities
Etihad Airways, the national airline of the United Arab Emirates, and Nigerian carrier Ibom Air have signed an interline agreement to connect travellers from Etihad’s network to five Nigerian cities on a single ticket. This was disclosed in a recent joint statement by both parties, which said the agreement would allow passengers arriving in Lagos or Accra on Etihad Airways…
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CREDICORP targets 2m Nigerians for consumer credit in 2027
The federal government plans to expand access to consumer credit to more than two million Nigerians in 2027, building on a programme that has so far provided N53.5 billion in financing to over 351,000 beneficiaries. The Managing Director of the Nigerian Consumer Credit Corporation (CREDICORP), Uzoma Nwagba, disclosed this in an interview with The Nation at the weekend. Nwagba said…
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XEJet sues SAHCO, AGHAN, seeks N16.1bn over alleged grounding, confidentiality breach
XEJet Limited, has instituted two separate suits before the High Court of the Federal Capital Territory (FCT), seeking a combined N16.1 billion in damages from Skyway Aviation Handling Company Plc (SAHCO) and the Incorporated Trustees of Aviation Ground Handlers Association of Nigeria (AGHAN). In the first suit, XEJet accused SAHCO of breaching confidentiality by allegedly disclosing information about its commercial…
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‘Our priority is to bring down cost of living by making goods cheaper’ — Tinubu
President Bola Tinubu has said bringing down the cost of living remains the priority of his administration, with the government focusing on reducing the cost of producing and transporting goods consumed by Nigerians. Tinubu stated this in his Independence Day broadcast to Nigerians on Thursday, saying the government would achieve the goal by boosting agricultural production, improving infrastructure and creating…
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Tinubu: Our reforms did not create Nigeria’s economic problems, but confronted them
President Bola Tinubu has said the economic reforms introduced by his administration did not create Nigeria’s economic weaknesses but were designed to confront them. Tinubu said this in his Independence Day broadcast to Nigerians on Thursday, arguing that the reforms were necessary to address longstanding distortions in the economy. “When this Administration assumed office, we resolved to do things differently.…
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JUST IN: Tinubu signs amended 2025 budget, extends implementation by three months
President Bola Tinubu has signed into law an amendment extending the implementation of the 2025 Appropriation Act from September 30 to December 31, 2026. The amendment, known as the Appropriation (Amendment) (No. 4) Bill, 2025, was passed by the Senate and House of Representatives on Tuesday, September 29, before the President assented to it on Wednesday. According to a statement…
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