Category: Nigeria news
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Nigerian Capital Market Turnover Hits N10 Trillion
The Nigerian stock market has recorded an unprecedented N10 trillion turnover, driven by growing confidence from both foreign and domestic investors in the country’s macroeconomic outlook and the earnings potential of listed companies. Data from the Nigerian Exchange (NGX) shows that total transactions in the first 10 months of 2025 reached N9.57 trillion, more than
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PINL Launches Business Support Scheme for 2,000 Host Community Women
Pipeline Infrastructure Nigeria Limited (PINL) has launched a program to empower 2,000 women from communities along the Eastern Corridor of the Trans Niger Pipeline (TNP), in line with its Corporate Social Responsibility (CSR) policies. The beneficiaries, drawn from 215 host communities across Rivers, Bayelsa, Abia, and Imo States, will receive business support aimed at strengthening
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NPC Rebrands Micro-Pension Scheme as Personal Pension Plan
The Nigerian Pension Commission (NPC) has begun rebranding its existing micro-pension plan for informal sector workers as the Personal Pension Plan (PPP), aimed at covering millions of Nigerians outside the formal workforce. Speaking at the Second Run 2025 Consultative Forum for States and the FCT in Benin City, NPC Director-General, Ms. Omolola Oloworaran, highlighted that
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Closeup Launches ‘Talking Stage Party’ to Help Young Nigerians Build Real Connections
Closeup has unveiled a new initiative designed to help young Nigerians move beyond the casual “talking stage” and foster more meaningful romantic relationships. The Closeup Talking Stage Party, a first-of-its-kind social experience, made its debut in Owerri, Imo State, bringing together 25 couples for an evening of interactive games, music, laughter, and guided activities aimed
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Support Group Says Tinubu’s Policies Strengthen Macroeconomy
President Bola Ahmed Tinubu’s policies have strengthened Nigeria’s macroeconomic indicators, boosted investor confidence, and attracted foreign direct investment, according to a support group. At a press conference in Abuja, Comrade Peter Ilefa, Director-General of Forward With Bola Ahmed Tinubu 2027, highlighted the administration’s tax reforms, set to take full effect in 2026. These reforms aim
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Lagos Rewards 33 Young Agripreneurs with N150 Million
The Lagos State Government has recognized 33 outstanding young agripreneurs with a total of N150 million for their contributions to the state’s agricultural and food systems. The event, organized by the Ministry of Agriculture and Food Systems, highlighted Lagos’ role as a hub for innovation and economic growth. Governor Babajide Olusola Sanwo-Olu, represented by Deputy
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Experts Outline Path to $1 Trillion Economy at NIIA Trade Forum
At the NIIA Trade and Investment Forum 2025 in Lagos, trade experts, policymakers, and industry leaders discussed the steps Nigeria must take to achieve a $1 trillion economy. The forum, themed “Reform to Results: Building a Trade-Ready Nigeria in the Emerging Global Order,” emphasized strategic reforms, infrastructure, and private sector engagement. Key Insights: Conclusion:Experts agree
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Nigeria Begins User Acceptance Testing of National Single Window (NSW)
The Federal Government of Nigeria has commenced user acceptance testing (UAT) for the National Single Window (NSW), a unified digital trade platform aimed at modernizing and streamlining the country’s trade processes. The platform is slated to become operational by March 2026. The inaugural testing involved key regulatory and trade agencies, including NAQS, SON, NESREA, NCS,
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VFD Group Strengthens Creditworthiness with N12.83 Billion Commercial Paper Redemption
VFD Group Plc has successfully redeemed its N12.83 billion Series 5 Commercial Paper (CP), reinforcing the group’s liquidity and commitment to disciplined balance sheet management. The CP, part of the company’s N20 billion commercial paper programme, matured on November 14, 2025. Mr. Folajimi Adeleye, Executive Director of Finance & Investor Relations, stated that the redemption
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Experts Urge Strong Regulations to Avoid Distortions in Nigeria’s Downstream Sector
Industry experts have weighed in on the newly launched Dangote Refinery, highlighting its potential benefits as well as early operational challenges. Dr. Chijioke Ekechukwu, Managing Director of Dignity Finance & Investment Ltd, noted that the refinery’s output could influence economic forecasts for 2024–2025. By relying more on local crude, Nigeria could ease pressure on foreign
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