The Central Bank of Nigeria (CBN) has warned the public against doing business with Zuldal Microfinance Bank Limited, stating the entity is not licensed to operate as a microfinance bank in Nigeria. According to CBN Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, Zuldal has falsely claimed to hold a CBN-issued licence while operating

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The Federal Government has called on Nigerian companies to maximize the Nigeria First Policy, aimed at boosting local content, domestic production, and reducing reliance on imports. Senator George Akume, SGF, made the appeal during a visit by Solewant Group MD, Mr. Solomon Ewanehi, emphasizing that the policy is driving local capacity, innovation, and industrial growth.

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Nigeria and Ireland have expressed renewed interest in collaborating to revive local textile industries, support small-scale manufacturing, and strengthen cultural exchange. This was highlighted at the First Made-in-Nigeria Textile (MiNT) Summit in Abuja, where stakeholders, including the President of the Police Wives’ Association (POWA), Dr. Elizabeth Egbetokun, called on the Federal Government to implement practical

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First Bank of Nigeria Limited (FirstBank) has highlighted poor funding as one of the biggest challenges facing Micro, Small, and Medium Enterprises (MSMEs) in the country. Mr. Abiodun Famuyiwa, Head of SMEs Banking at FirstBank, explained that the bank’s decision to lend over N200 billion to MSMEs in 2024 was aimed at bridging the funding

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MTN Nigeria has reaffirmed its position as a key partner in achieving the Federal Government’s broadband goals, with its active data user base now at 51.1 million, representing a 12.8% increase. The growth is attributed to MTN’s leadership in 4G/5G deployment and the accelerated rollout of its Fibre-to-the-Home (FTTH) network. The company has also reinforced

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The workplace is evolving rapidly, and understanding these dynamics is key to business success. This will be the focus of the HR Conference & Excellence Awards, scheduled for December 6–7, 2025, in Gbagada, Lagos, according to Dr. Omotola Dayo-Adedapo, Founder of HR Talent Hub. The conference, themed “HR – The Heart of Business Success: Driving

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The Nigerian Shippers’ Council (NSC) has intensified efforts to reduce the country’s prolonged cargo clearance delays—currently averaging 21 days, one of the longest globally—through a new capacity-building programme in collaboration with the Maritime Police Command. The workshop, themed “Facilitating Port Efficiency: The Strategic Role of the Maritime Police”, was held yesterday in Lagos. Speaking on

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Engr. Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reaffirmed the commission’s commitment to transparency ahead of a new licensing round set for December 1. He spoke at the conclusion of a two-day strategic workshop organized by the Commission’s Corporate Communications and Media Unit in Lagos. Represented by the Deputy

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Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has stated that the new Capital Gains Tax (CGT) will make Nigeria’s capital market more competitive and investor-friendly. He spoke at a virtual lecture organized by the Capital Market Academics of Nigeria (CMAN). Oyedele noted that, despite some negative perceptions, the CGT is

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The Federation Accounts Allocation Committee (FAAC) has shared a total of N2.094 trillion from October 2025 revenue among the Federal Government, 36 states, and 774 local government councils. The allocation was confirmed at the FAAC meeting held in Abuja. The total distributable revenue comprised: Gross revenue for October stood at N2.934 trillion, with N115.278 billion

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