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BusinessDay 21st May 2026
The article from BusinessDay discusses various topics relevant to the Nigerian economy. It highlights key developments and trends affecting businesses in the country.
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Court dismisses fundamental rights case against PCN, NSCDC
A Federal High Court dismisses a fundamental rights suit filed by alleged illegal medicine dealers against the Pharmacy Council of Nigeria (PCN) and NSCDC.
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Establish South-West Security Trust Fund now!
Amid rising insecurity, Nigeria’s South-West faces economic paralysis. Learn why establishing a regional Security Trust Fund is a critical step for stabili
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From presidential candidate to running mate: Kwankwaso’s strategic calculations, by Olu Fasan
Lord Palmerston, a 19th-century British Prime Minister, famously coined the saying: “There are no permanent friends or enemies, only permanent interests.” He was talking about relations between nations. However, Nigerian politicians have unashamedly hijacked the maxim to just...
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Ekiti 2026: To BAO or not?
By Omooba Alabi It is no longer news that Ekiti State has a date with history on 20th June 2026. That date is set for the gubernatorial election to determine the next tenant of Oke Ayoba, the official residence of the Ekiti State Governor. As at last count, the race had thrown u...
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S&P Upgrades Ratings for Access, BoI, GTB, Stanbic IBTC, Standard Chartered, UBA, Zenith
S&P Global has upgraded the ratings for several Nigerian banks, including Access Bank, GTB, and UBA, signaling improved financial health. This positive development reflects growing confidence in Nigeria's banking sector and its economic prospects.
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How to ask questions that show you’re really thinking, by Ruth Oji
Structured reasoning determines how intelligent people think you are. Not what you know. Not how creative you are. Not how hard you’ve worked, but how clearly you organize and present your thinking. This is non-negotiable. Your emails get read or ignored based on it. Your essa...
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Fubara Withdraws from APC Guber Primary, Says Decision Difficult But Necessary
• Declares he’s faced immense pressures, difficult choices •Tonye Cole also stands down guber bid Blessing Ibunge in Port Harcourt Rivers State Governor, Siminalayi Fubara, has withdrawn from participating in
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Unfazed by New Inflationary Concerns, CBN Retains MPR at 26.5%
The Central Bank of Nigeria has decided to maintain the Monetary Policy Rate at 26.5%, citing the muted impact of the Middle East crisis on the economy. Additionally, 33 banks have shown improved financial soundness due to prior policy reforms.
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$5bn NLNG Train 7 Hits 92% Completion, Nears Pre-commissioning as Local Capacity Grows
The $5 billion NLNG Train 7 project is now 92% complete and approaching pre-commissioning. This development reflects a significant increase in local capacity within the Nigerian energy sector.
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Over 7.6m Workers Have Enrolled in Social Insurance Scheme, Says NSITF
The Nigeria Social Insurance Trust Fund (NSITF) reports that over 7.6 million workers have enrolled in the Employees Compensation Scheme. This initiative aims to enhance social security for employees across the country.
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Presidency Identifies RegTech as Instrument for Financial Inclusion, Trusted Digital Economy
The Nigerian Presidency has recognized RegTech as a key tool for enhancing financial inclusion and fostering a trusted digital economy. The Central Bank of Nigeria emphasizes that effective regulation should promote innovation while addressing issues like digital fraud and high remittance costs.
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FG: Telecoms Policy Review Will Bridge Digital Gap, Enhance Public Service Delivery
The Nigerian federal government is advocating for a review of the National Telecommunications Policy to improve digital access and public service delivery. This initiative aims to modernize regulations established 26 years ago.
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Otedola sells Geregu stake for Dangote refinery IPO entry
Femi Otedola has sold his stake in Geregu Power to invest in the upcoming Dangote Refinery IPO, calling it a transformative project for Africa’s economy.
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Hormuz: FAO Calls for Alternative Trade Routes to Avert Imminent Global Food Crisis
The FAO has urged governments and financial institutions to explore alternative trade routes to prevent a looming global food crisis. This call comes in light of recent disruptions affecting food supply chains.
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NAF Destroys Terrorists’ Hideouts in Southern Tumbuns, Mandara Mountains
The Nigerian Air Force has successfully destroyed terrorists' hideouts in the Southern Tumbuns and Mandara Mountains. The presidency emphasizes Nigerians' right to self-defense and local security regulations are being implemented.
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53 years After, NYSC Continues to Bridge Economic and Socio-Cultural Gaps in Nigeria
The National Youth Service Corps (NYSC) celebrates 53 years of fostering economic and socio-cultural integration in Nigeria. Established by Gen. Yakubu Gowon, the program continues to play a vital role in uniting the nation.
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FG Recommits to Skills Training for Nigerian Youth at London Education Forum
The Nigerian government has reaffirmed its commitment to providing skills training for youth at the London Education Forum. This initiative aims to enhance employability through expanded non-formal education and vocational programs.
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IMF Urges Nigeria, Others to Shift to Private Sector-Led Growth as Debt-Funded Model Weakens
The IMF has called on Nigeria and other Sub-Saharan African nations to transition to a private sector-led growth model, warning that the current debt-funded approach could hinder income gains for decades. This shift is deemed essential for sustainable economic development.
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High-stakes battles, succession intrigues as APC holds gov’ship primaries today
The All Progressives Congress (APC) is set to hold its gubernatorial primaries today amidst intense competition and strategic maneuvering. Key issues such as consensus, zoning, and potential impositions are expected to significantly influence the outcomes.
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Ebola: FG strengthens surveillance, activates airport screening
Nigeria strengthens Ebola surveillance and activates airport screening to prevent importation of the virus amidst outbreaks in DRC and Uganda. No cases con
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Agbogidi: His Royal Majesty, my friend, by Ikechukwu Amaechi
When I stepped out of the main auditorium of the Nigerian Institute of International Affairs (NIIA) to welcome Igwe Nnaemeka Achebe, Obi of Onitsha, to TheNiche lecture on April 23, 2026, I knew the sacrifice he made to be there. Yet, my “thank you Agbogidi for coming” greet...
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Falana Drags South Africa Before African Rights Commission Over Xenophobic Attacks
Femi Falana has petitioned the African Commission on Human and Peoples’ Rights regarding ongoing xenophobic attacks in South Africa. He seeks urgent action to address these systemic issues affecting foreign nationals.
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EU Launches €4.5m Peace Drive in Sokoto as 537,000 Residents Set to Benefit from Landmark RECAP Project
The European Union has launched a €4.5 million initiative in Sokoto to promote peace and resilience in North-west Nigeria. This project is expected to benefit over 537,000 residents over the next 18 months.
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NLC to Picket Non-Pension Remitting Employers, Slates June 1, for Crack Down on Defaulting Employers
The Nigerian Labour Congress plans to take action against employers failing to remit employee pensions, targeting both local and foreign firms. A picketing event is scheduled for June 1, 2026, to address this issue.
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Evelyn Oyome Retains Ikoyi Club Ladies Championship Title
Evelyn Oyome has successfully defended her title at the 2026 Ikoyi Club Ladies Championship, finishing with a gross score of 170. Her performance over the two-day event solidifies her status as a top competitor in women's golf.
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Conversation on national textbook ranking system
By Moshood Oshunfurewa The Federal Government’s recent introduction of a National Textbook Ranking System has sparked fresh debate within Nigeria’s education sector. On the surface, the initiative appears commendable. Any policy aimed at improving the quality of textbooks in...
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US Links Terrorism Funding in Nigeria, Others to Transnational Drug Cartels
The US has linked terrorism funding in Nigeria to transnational drug cartels, highlighting a significant increase in cocaine trafficking. Recent drug seizures in West Africa have reached record amounts, raising concerns about the region's role in global terrorism.
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Maintenance Culture: Abia Creates Biomedical Unit for Medical Equipment Maintenance, Repair
The Abia State Government has established a Biomedical Unit to enhance the maintenance and repair of medical equipment. This initiative coincides with the inauguration of 25 roads and the launch of a biogas project in secondary schools, marking a commitment to infrastructure and sustainability.
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PCN to Tinubu: Incessant Attack on Students Will Discourage Parents from Sending Children to School
The Peace Corps of Nigeria has warned that ongoing attacks on students may deter parents from sending their children to school. They are prepared to enhance security measures in educational institutions through personnel deployment and intelligence gathering.
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