Economy
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Tinubu launches new platform to connect government with entrepreneurs
President Bola Tinubu has launched the Renewed Hope Enterprise Bridge Initiative designed to serve as a structured channel for continuous engagement between government and entrepreneurs in the country. He said for long, there has been a quiet disconnect between those who make policy and those who must navigate it daily, noting that it is exactly what the initiative is designed…
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2025FY: Wema Bank declares milestone performance in 2025 with profit crossing N200bn mark
Wema Bank Plc on the floor of the Nigerian Exchange Limited (NGX) has released its audited result and accounts for ull year ended December 31, 2025 with profit before tax crossing the N200billion mark. The financial institution’s profit before tax of N221.85 billion in 2025, about 116per cent significant increase over N102.51 billion in 2024. It posted N194.5billion profit after…
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FG inaugurates new board for Nigeria Commodity Exchange
The federal government has inaugurated the newly reconstituted governing board of the Nigeria Commodity Exchange (NCX). In a post on X on Wednesday, Jumoke Oduwole, Minister of Industry, Trade, and Investment, described the exchange as “a key catalyst for enhancing price discovery, improving market transparency, and driving the expansion of non-oil exports.” She added: “The new board will provide the…
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Afreximbank records strong growth as assets rise to $48.5bn in 2025
The African Export-Import Bank has reported strong financial performance for the 2025 financial year, with total assets and contingencies rising to $48.5 billion. In its audited results released on Wednesday, the bank said the figure represents a 21 per cent increase from $40.1 billion recorded at the end of 2024, reflecting sustained growth and market confidence. Net loans and advances…
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Daraju Industries strengthens market presence with N22.68bn CP quotation on FMDQ Exchange
FMDQ Securities Exchange Limited has approved the quotation of Daraju Industries Limited’s N4.92 billion Series 1 and N17.76 billion Series 2 Commercial Paper (CP) under its N50 billion CP Issuance Programme. This approval by the Exchange’s Board Listings and Markets Committee underscores FMDQ Exchange’s unwavering commitment to providing an efficient, transparent, and well-regulated platform for short-term funding. It further reinforces…
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Dangote key to tackling Africa’s food security challenges, says UN’s Amina Mohammed
The Deputy Secretary-General of the United Nations, Amina Mohammed, has underscored the strategic importance of Dangote Industries Limited -particularly Dangote Fertiliser Limited—in addressing Africa’s mounting food security challenges, while calling for stronger global partnerships to scale its impact. Speaking during a visit to the company’s industrial complex in Ibeju-Lekki, Lagos, Mohammed said the United Nations would prioritise amplifying scalable solutions…
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Group attributes rise in federation revenue to Tinubu’s economic reforms
The Tinubu Media Support Group (TMSG), a political support group, has attributed the increase in federation revenue in the first two months of 2026 to the economic policies of President Bola Tinubu. In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group said the nearly N500 billion year-on-year rise in revenue reflected improved fiscal performance…
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Nigeria’s cyber survival depends on people, not just tech- NITDA DG
The Director-General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa, has raised concerns over the evolving nature of digital warfare, stressing that Nigeria’s survival in the digital age now depends on a strategic combination of policy, skilled personnel, and proactive defense mechanisms. Speaking during a panel session on Cyber Resilience at the 2026 GITEX Africa Summit, Inuwa described…
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FG, Nestlé sign MoU to establish dairy skills centre in Abuja
The Federal Government has signed a Memorandum of Understanding with Nestlé Nigeria Plc for the establishment of a Dairy Technical Skills Development Centre in the Federal Capital Territory, aimed at boosting dairy production in the country. The Minister of Livestock Development, Idi Mukhtar Maiha, disclosed this in Abuja on Wednesday, describing the partnership as a strategic intervention to address key…
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Tinubu commissions bridge, multi-agency complex, others in Lagos
By Adeola Ogunrinde President Bola Tinubu on Wednesday inaugurated major infrastructure projects in Lagos to improve connectivity and support economic growth. The president who was represented at the event by Senate President Godswill Akpabio commissioned the Ojota-Opebi Link Bridge, the Lagos State Geographical Information System building, and a new Multi-Agency Building. In his remarks, Tinubu called on other state governments…
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