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AfDB unveils $200m support package for Nigeria’s industrial sector

By Yinka Kolawole The African Development Bank Group has approved a $200 million financing facility for the Bank of Industry (BoI), aimed at boosting industrial growth and strengthening private sector productivity across key sectors of the Nigerian economy. AfDB disclosed this in a statement, noting that the facility would provide medium- and long-term financing support […]

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FG opens new veterinary centres  to expand  livestock healthcare 

By Cynthia Alo  The Federal Government, in a bid to improve livestock healthcare delivery, has completed and handed over new Veterinary Primary Health Centres in Lagos and Ogun states. The centres, located in the Epe area of Lagos and Ijebu Igbo in Ogun State, are part of the Federal Ministry of Livestock Development’s nationwide plan to […]

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Nigeria, others commit $27bn to port infrastructure expansion — PMAWCA

By Efe Onodjae  Nigerian and other countries in West and Central Africa have committed over $27 billion to port infrastructure expansion projects aimed at strengthening regional trade integration, improving maritime logistics and driving economic growth across the sub-region. Managing Director of the Nigerian Ports Authority, NPA, Dr. Abubakar Dantsoho, disclosed this yesterday during the opening of […]

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NAICOM charges insurers to adopt customer-centric business model

By Rosemary Iwunze The National Insurance Commission, NAICOM, has called on insurers to  transition from a product-centric approach to a customer-centric model. Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, who stated this at the opening ceremony of the Insurance Week 2026, explained that customer-centric model entails actively involving clients in the product development process seeking their […]

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Diaspora remittances stabilises at $21.8bn in 2025 amid global pressures 

•Sub-Saharan Africa remains  most expensive By  Babajide Komolafe Diaspora remittances into Nigeria stabilised at $21.8 billion in 2025 despite mounting global economic pressures, tighter immigration policies in major economies and rising transfer costs across Sub-Saharan Africa. Vanguard analysis of  data from the Central Bank of Nigeria, CBN, Quarterly Statistical Bulletin for fourth quarter 2025, Q4’25, showed […]

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Sugar industry key to addressing unemployment, insecurity — NSDC boss 

The Executive Secretary/CEO of the National Sugar Development Council, NSDC, Mr. Kamar Bakrin, has said that developing Nigeria’s sugar industry could significantly address unemployment, insecurity and rural community underdevelopment by creating massive jobs and attracting investments to rural communities. Bakrin stated this during a strategic meeting between the NSDC and the Nigeria Customs Service, NCS, […]

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Naira depreciates to N1,395/$ in parallel market

By Elizabeth Adegbesan The  Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,390 per dollar last Friday. Likewise, the local currency depreciated to N1,373.5 per dollar in the Nigerian Foreign Exchange Market,  NFEM . Data  from the Central Bank of Nigeria,  CBN, showed that the indicative exchange rate for the market […]

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