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World · ThisDay ·MALI, RUSSIA, AND THE COLLAPSE OF ILLUSION
Mali's shifting geopolitical alliances, particularly its strengthening ties with Russia following the withdrawal of traditional Western partners, are undergoing scrutiny. The evolving relationship highlights complex security challenges and the changing landscape of international influence within the West African region as regional dynamics continue to shift.
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Health · ThisDay ·
BRAIN DRAIN AND HEALTH PROFESSIONALS
Nigeria faces a significant exodus of medical personnel as health professionals seek better opportunities abroad. This trend, commonly referred to as brain drain, continues to impact the domestic healthcare sector, raising concerns about the adequacy of medical services and the long-term sustainability of the national health system.
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Business · ThisDay ·
Stock Market Drops by N1.35trn on Profit-taking in MTN, Others
The Nigerian stock market recorded a loss of N1.35 trillion in market capitalization following a period of profit-taking by investors. This decline was largely influenced by sell-offs in the shares of MTN Nigeria and several other major companies, marking a notable correction in the equity market after a series of positive trading sessions.
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Technology · Vanguard ·Taming social media misinformation
Stakeholders and authorities are exploring strategies to address the proliferation of false information on digital platforms. The initiative focuses on enhancing media literacy and implementing regulatory frameworks to mitigate the negative impact of fake news on public discourse and national stability within the Nigerian digital landscape.
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Politics · Vanguard ·Why Atiku Abubakar will never be president (2), by Ochereome Nnanna
Ochereome Nnanna examines the political trajectory of former Vice President Atiku Abubakar and outlines perceived obstacles to his presidential ambitions. The analysis focuses on historical electoral outcomes and shifts in the Nigerian political environment that impact his future prospects for the nation's highest office.
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Other · The Punch ·Customs nab 71-year-old with N2.35bn cocaine haul
The Nigeria Customs Service has apprehended a seventy-one-year-old suspect found with cocaine valued at N2.35 billion. This significant drug seizure represents a major operation by the agency to curb the movement of illegal narcotics through the nation's entry points and maintain public security.
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Business · Vanguard ·Truckers, operators clash as Apapa gridlock returns
Tensions have escalated between truck drivers and terminal operators in Apapa due to the resurgence of heavy traffic congestion in the area. The gridlock has disrupted movement and logistics operations, leading to disagreements over access to the ports and the management of vehicle queues within the busy maritime corridor.
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World · The Punch ·
Iran creates authority to control Strait of Hormuz
The Iranian government has established a new administrative body tasked with overseeing the Strait of Hormuz. This strategic initiative focuses on managing the critical waterway, which serves as a vital passage for global energy supplies. The authority aims to regulate maritime traffic and bolster security measures within the sensitive maritime territory.
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Business · The Punch ·
Ellah Lakes targets scaling, value integration
Ellah Lakes Plc is prioritizing business expansion and value chain integration as part of its strategic growth objectives. The Nigerian agribusiness firm intends to scale its current operations and enhance efficiency through integrated processes to deliver increased value to stakeholders and improve its market position within the agricultural sector.
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Business · The Punch ·
Fintech oversubscribes debut CP, raises N6.89bn
A Nigerian fintech company successfully raised 6.89 billion Naira through its debut commercial paper issuance, which was oversubscribed by investors. The capital raise marks the firm's first entry into the debt capital market, highlighting strong interest for investment opportunities within the country's financial technology sector.
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Business · The Punch ·
Estate surveyors urge verification to curb property fraud
Nigerian estate surveyors have emphasized the importance of conducting thorough property verifications to minimize the rising cases of real estate fraud. The professionals highlighted that verifying ownership and documentation before transactions is essential for safeguarding investments and ensuring transparency within the country's housing sector.
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Lifestyle · The Punch ·
Why we must revive FESTAC ’77 now — Abioye, festival chair
The chairperson of the festival, Abioye, advocates for the immediate revival of the World Black and African Festival of Arts and Culture, known as FESTAC ’77. This proposal seeks to promote African cultural heritage and strengthen the creative economy through a renewed version of the international arts and culture gathering.
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Business · The Punch ·
Startup leaders meet to address funding challenges
Nigerian startup leaders have convened a meeting to discuss and find solutions to the ongoing funding challenges within the entrepreneurial ecosystem. The gathering aims to develop strategies for securing investment and navigating the current economic climate to ensure the sustainable growth of emerging businesses in the country.
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Politics · The Punch ·
Opposition rift widens over sole presidential ticket
Internal disagreements among Nigeria's opposition parties have intensified following discussions regarding a potential merger and the adoption of a single presidential candidate. These divisions highlight significant challenges in achieving a unified front against the ruling party, as various stakeholders remain at odds over the selection process for the joint ticket.
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Business · The Punch ·
Lagos mortgage lender posts 43% profit, boosts loan portfolio
A mortgage lender based in Lagos has reported a 43 percent increase in profit while simultaneously expanding its loan portfolio. This financial growth reflects the institution's performance in the Nigerian housing finance sector, highlighting an upward trend in lending activities and profitability within the country's commercial hub.
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Business · The Punch ·
Domestic refiners struggle despite $5.17bn crude supply
Despite receiving crude oil supplies valued at $5.17 billion, local refineries in Nigeria continue to face significant operational challenges. These domestic facilities are struggling to maintain consistent production levels or meet national demand, highlighting persistent structural issues within the country's petroleum downstream sector despite the substantial financial investment in raw material inputs.
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Business · The Punch ·
Tinubu courts global investors, promises economic stability
President Bola Tinubu is actively seeking international investment to bolster the national economy. During engagements with global stakeholders, he emphasized his administration's commitment to ensuring economic stability and creating a favorable environment for foreign capital to encourage sustainable growth within Nigeria's financial landscape.
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Business · The Punch ·
NGX dips 0.86%, sheds N1.3tn in selloff
The Nigerian Exchange Group experienced a decline of 0.86 percent as investors engaged in a significant selloff. This activity resulted in a loss of N1.3 trillion in market capitalization, reflecting a bearish trend in the local equities market during the trading period under review.
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Business · The Punch ·
Discos improve efficiency amid N8bn revenue slump
Nigerian electricity distribution companies have reported enhanced operational performance despite experiencing a significant revenue decline of N8 billion. This improvement in efficiency occurs as the sector navigates financial challenges, highlighting a shift in management strategies amid a fluctuating economic landscape for power utility providers across the federation.
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Business · The Punch ·
CFAO Mobility invests in EVs, CNG
CFAO Mobility has announced strategic investments in electric vehicles and compressed natural gas infrastructure within the Nigerian automotive market. The initiative focuses on providing sustainable transportation alternatives and reducing reliance on traditional fuels, marking a significant shift toward cleaner energy solutions and modernizing the country's transport sector.
Nigerian News
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