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News

EFCC Recovers Funds from Collapsed CBEX Crypto Ponzi Scheme, Pursues Fleeing Suspects

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has confirmed that the Commission has begun recovering funds lost by Nigerians to the now-defunct Crypto Bridge Exchange…

Esther May 26, 2025

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Nigerian Crude sells for $68 a barrel, Iran-Israel weigh on Oil

Nigerian crude settled close to $68 per barrel as global oil markets remain on edge amid rising geopolitical tensions and economic uncertainties. Oil prices jumped sharply following U.S. intelligence reports…

Esther May 21, 2025

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Fuel Prices Surge 77% in One Year Despite Monthly Dip — NBS Report Reveals Regional Disparities and Inflation Drivers

The average retail price of Premium Motor Spirit (PMS), widely known as petrol, rose sharply to N1,239.33 per litre in April 2025, marking a 76.73% increase compared to N701.24 in…

Esther May 21, 2025

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Breaking Barriers: SeedFi and Winich Farms Launch Produce-Backed Loans to Empower Nigerian Farmers

For decades, Nigerian farmers have formed the backbone of the nation’s economy feeding millions, sustaining local markets, and preserving generational livelihoods. Yet, they remain one of the most financially underserved…

Esther May 19, 2025

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Nigeria Partners with China’s BAIC Motor to Pioneer Battery Swap Technology in Clean Energy Push

In a bold move to accelerate its clean energy transition, the Federal Government of Nigeria has initiated strategic talks with China’s BAIC Motor Corporation to explore the adoption of battery…

Esther May 19, 2025

News

Lagos Targets N3 Trillion Public-Private Investment to Combat Coastal Erosion

In a bold move to protect its 180km coastline from escalating coastal erosion, the Lagos State Government has unveiled plans to raise over N3 trillion through strategic public-private partnerships. The…

Esther May 19, 2025

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Indonesia Raises Palm Oil Export Tax as Global Supply Tightens; Nigeria Accelerates Local Production Strategy

Indonesia, the world’s largest palm oil producer, has increased its export tax on crude palm oil (CPO) from 7.5% to 10% effective May 17. This policy move is designed to…

Esther May 19, 2025

News

OpenAI negotiates new funding with Microsoft after $57.9 billion raised 

Strategic talks may redefine equity, access, and the future of AI power balance Billionaire Sam Altman’s OpenAI and tech giant Microsoft are in advanced negotiations to overhaul the terms of…

Esther May 11, 2025

News

Despite economic uncertainties Nigeria’s pension fund sector maintained strong performance in April with Tangerine Apt Pensions leading the pack

Resilient Growth in Nigeria’s Pension Sector Amid Market Volatility Nigeria’s pension fund industry demonstrated commendable resilience in April 2025, delivering steady positive returns across all Retirement Savings Account (RSA) fund…

Esther May 8, 2025

News

Nigeria Partners with FAO to Digitally Transform Agriculture and Boost Food Security

In a major step toward revolutionizing its agricultural sector, the Federal Government of Nigeria has officially endorsed the Digital Village Initiative (DVI) by the Food and Agriculture Organization (FAO). This…

Esther May 8, 2025