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Business · Nairametrics ·Enugu posts N101.8 billion revenue, N43.9 billion IGR in Q1 2026
Enugu State recorded a total revenue of N101.8 billion during the first quarter of 2026. Within this period, the state’s internally generated revenue amounted to N43.9 billion. These financial figures reflect the state's fiscal performance and revenue collection efforts in the early months of the year.
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Business · BusinessDay ·Nigeria’s fiscal reform agenda runs into a digital infrastructure problem
Nigeria’s effort to execute fiscal reforms is encountering obstacles related to the country’s digital infrastructure. Inadequate technological systems are reportedly impeding the government's strategy to enhance revenue generation and fiscal management. Addressing these infrastructure gaps remains critical for the successful implementation of the proposed economic policy changes.
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Business · Leadership News ·
Nigeria Recovers 85% Of Lost Oil Production on Improved Security
Nigeria has successfully recovered eighty-five percent of its previously lost oil production, a development attributed to enhanced security measures within the energy sector. This improvement reflects a significant rebound in national output as security forces work to protect critical infrastructure and minimize disruptions to the oil industry.
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Business · Daily Post ·Abuja property dispute: Parties urged to embrace dialogue, seek reconciliation
Stakeholders involved in a real estate conflict within Abuja have been advised to resolve their differences through peaceful communication and reconciliation. This recommendation aims to settle the ongoing property dispute outside of formal litigation while promoting a harmonious resolution among the affected parties in the nation's capital.
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Business · Premium Times ·Why Nigeria must intensify regulation of its booming mining sector, By Mukhtar Ya’u Madobi
Mukhtar Ya’u Madobi emphasizes the importance of strengthening regulatory oversight within Nigeria's rapidly growing mining industry. The proposed intensification of sector management aims to address challenges associated with the boom, ensuring that the country's mineral resources are effectively governed to support broader economic objectives and industrial compliance.
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Business · Leadership News ·
Keyamo Advocates Implementation Of Open Skies Initiative Across Africa
Nigeria's Minister of Aviation, Festus Keyamo, is advocating for the implementation of the Open Skies Initiative throughout Africa. This policy seeks to deregulate the continent's aviation market, allowing for increased flight frequencies and improved connectivity between nations. The proposal aims to stimulate economic integration and streamline air travel services across various African regions.
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Business · Leadership News ·
Cashew Industry Requires Experienced, Sector-savvy Leadership — Adesokan
Adesokan has emphasized the necessity for the Nigerian cashew industry to be guided by experienced and sector-savvy leadership. This call highlights the importance of professional management in optimizing the sector's potential and addressing challenges within the agricultural value chain to enhance economic growth and export capabilities.
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Business · BusinessDay ·Private sector growth weakens as PMI records first contraction in 16 months
Nigeria's private sector growth experienced a decline as the Purchasing Managers' Index recorded its first contraction in 16 months. This downturn signals a shift from previous months of expansion, highlighting increased economic pressure on businesses. The data indicates a slowdown in overall business activity and output across various commercial industries nationwide.
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Business · Leadership News ·
Namibia Holds Rate at 6.5% as Iran War Clouds Growth, Inflation Outlook
The Bank of Namibia has maintained its benchmark interest rate at 6.5 percent amid global economic uncertainties. Policymakers cited the potential conflict involving Iran as a significant factor affecting future growth and inflation projections. This decision aims to balance domestic economic stability against volatile international risks that could disrupt commodity prices and supply chains.
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Business · Channels TV ·IATA Unveils Keyamo As Of One Of Africa’s Top Four Aviators
The International Air Transport Association has named Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, as one of the top four aviation leaders in Africa. This recognition highlights the minister's impact on the continental aviation industry and his role in shaping the sector's development within the region.
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Business · Vanguard ·Adenuga told me 24 years ago I’d be great – Otedola
Nigerian businessman Femi Otedola recently recounted a conversation held over two decades ago with fellow billionaire Mike Adenuga. During that meeting twenty-four years ago, Adenuga expressed a positive outlook regarding Otedola's future professional trajectory. Both individuals are recognized as influential figures within the Nigerian corporate and energy sectors.
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Business · Leadership News ·
Ghana Seeks Investors to Revive National Airline
The Ghanaian government is actively searching for private investors to help relaunch its national airline. This move aims to restore the country's presence in the international aviation industry following the collapse of previous state-owned carriers. The initiative focuses on securing necessary capital and technical expertise to ensure a sustainable and competitive flight operation.
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Business · Leadership News ·
Data Gap Threatens Livestock Breeding, Productivity—FG
The Federal Government has identified a significant data gap as a major challenge to livestock breeding and productivity in Nigeria. Addressing this deficiency is essential for improving agricultural output and ensuring food security across the nation, as accurate statistics are necessary for effective planning and development in the sector.
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Business · Premium Times ·Court voids Springview’s disputed meeting, halts sale of vessel
A Nigerian court has invalidated a controversial meeting held by Springview and issued an order to stop the planned sale of a vessel. This judicial decision follows a legal dispute concerning the company's internal proceedings and the disposal of maritime assets, effectively maintaining the status quo pending further legal determination of the matter.
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Business · BusinessDay ·Oyo moves to attract agric investment as Iseyin Value Hub seeks govt backing
The Oyo State government is implementing measures to attract investment into its agricultural sector. Concurrently, the Iseyin Value Hub has requested state support to enhance its operations and contribute to the regional economy. These efforts aim to strengthen the agribusiness landscape and drive economic growth within the state.
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Business · BusinessDay ·Namibia holds rates for third straight time as Middle East war clouds outlook
Namibia has kept its interest rates steady for a third consecutive session, driven by concerns over global economic instability caused by the Middle East conflict. The central bank's decision reflects a cautious approach to domestic monetary policy amid rising external pressures and a clouded outlook for international trade and energy prices.
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Business · Nairametrics ·
Standard Chartered provides $2.33 billion facility for Tanzania rail project
Standard Chartered has arranged a $2.33 billion financing package to support the development of Tanzania's standard gauge railway project. The funding aims to facilitate the construction of key sections of the rail network, enhancing regional connectivity and infrastructure development within the East African nation as part of its ongoing transport modernization efforts.
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Business · BusinessDay ·Dangote Refinery IPO to test depth of Africa’s $560bn capital markets
The upcoming initial public offering of the Dangote Refinery is expected to assess the liquidity and capacity of Africa’s capital markets, valued at approximately $560 billion. This significant listing will evaluate the ability of regional investors and financial institutions to absorb one of the largest industrial equity offerings on the continent.
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Business · The Punch ·Ebonyi farmers lament rising cost of farm inputs, labour
Farmers in Ebonyi State are expressing concern over the increasing prices of agricultural supplies and the rising cost of manual labor. These financial challenges are impacting food production efforts within the region as cultivators struggle to maintain their operations amidst the current economic pressures affecting the local farming community.
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Business · Channels TV ·
Pot Of Jollof Rice Hit ₦30,435 In March — Report
The average cost of preparing a pot of jollof rice in Nigeria rose to ₦30,435 in March, according to a recent report. This increase reflects the significant impact of food inflation on Nigerian households as the prices of essential ingredients continue to climb in markets across the country.
Nigerian News
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