Local News
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3.0KFAAC Reconciliation: NNPC, FIRS, Others Remit ₦1.49 Trillion Arrears to Federation in Six Months
Nigeria’s Federation Account received a major inflow of N1.49 trillion in the first half of 2025 from arrears reconciled and paid by...
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2.9KFG Adopts New Debt Strategy
Nigeria has introduced a new policy framework to enhance the management of its public debt, with the Debt Management Office (DMO) announcing...
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2.8KInfrastructure Deficits Hampering Productivity, Investment –NESG
The Nigerian Economic Summit Group has stated that the country’s infrastructure deficits are a major barrier to its economic growth, limiting productivity...
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352FG to Offset ₦2.7tr Gas Debt with Royalty Payments
The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream...
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2.8KFG to Review National Telecom Policy
The Ministry of Communications, Innovation and Digital Economy and the Nigerian Communications Commission (NCC) are collaborating to review the 2000 Telecoms Policy....
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Governors Launch Platform to Attract FDIs, Say $2b Yearly Inflow Less Than 0.5% of GDP
State governors in the country yesterday floated an investment platform to enable the 36 states attract Foreign Direct Investments (FDIs). They said...
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2.8KNigeria Utilises Only 41% of Installed Generation Capacity Amid Stranded Power Crisis
The power sector in Nigeria has again highlighted the paradox that has defined its electricity supply chain, marked by significant installed generation...
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2.9KPenCom Blacklists Seven Mortgage Banks Over Housing Loans Breach
The National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to immediately stop accepting or processing equity contribution applications...
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2.6KFIRS, Customs, Three Others Generated ₦21tr in H1
The Federal Government earned about N21.22tn as revenue from the activities of five revenue-generating agencies in the first six months of 2025,...
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2.8KNigeria’s Factories Go Local to Survive Currency Turmoil
Nigeria’s manufacturing sector is turning inward for survival as the impact of the naira devaluation and foreign exchange scarcity continues to reshape...
