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Global investors’ confidence soars as Norway’s Minister visits Lagos to support startups

International confidence in Nigeria’s entrepreneurial ecosystem deepened yesterday as Norway’s Deputy Minister of Foreign Affairs, Andreas Kravik, led a high-level Norwegian delegation to Lagos, promising long term support for startups. The visit, hosted at OmniRetail’s headquarters, spotlighted Nigeria’s fast-growing innovation and tech sector and reaffirmed long-term foreign investor interest in African startups solving real economic…

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Manufacturers Assess Impact of Recent Economic Reforms on Industrial Performance

By Segun Ajayi-Kadir The Manufacturers Association of Nigeria (MAN) views the past three years as a period of difficult but consequential economic transition. The administration embarked on substantive macroeconomic reforms intended to correct long-standing structural distortions within the economy and reposition the country for sustainable growth. While we acknowledge the necessity of these reforms and…

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Nigeria’s oil marketers, Dangote bicker over import licences suit

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has pushed back against the fresh lawsuit filed by the Dangote Petroleum Refinery seeking to invalidate fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). In a statement, the group argued that the licences being challenged were not mere administrative…

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Dangote Petroleum Refinery sues Nigeria over fuel import licences

The Dangote Petroleum Refinery has taken the Federal Government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel import licences to major petroleum marketers in 2026. Industry data…

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Nigeria’s soaring pre-election spending, forex pressure test economy’s resilience, says MPC

The Monetary Policy Committee (MPC) said rising political spending and foreign exchange (forex) demand pressures associated with the 2027 elections will test the resilience of Nigeria’s economy. Members of the Central Bank of Nigeria (CBN)-led MPC, in their personal notes at the last MPC meeting released on Thursday including Aloysius Ordu, Bandele Amoo, Lamido Yuguda,…

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NACCIMA seeks direct flights between Nigeria, China to strenghten economic ties

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Jani Ibrahim, has appealed to government stakeholders in Nigeria and China to accelerate the frameworks for the establishment of direct flights between Nigeria and China. The NACCIMA President said this will significantly reduce travel time and ease the stress…

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Adamawa 2027: Haske begins grassroots engagement tour, reaffirms inclusive leadership

A governorship aspirant of the All Progressives Congress (APC) in Adamawa State, Abdulrahman Bashir Haske, has embarked on a statewide grassroots appreciation and engagement tour across the 21 Local Government Areas (LGAs), aimed at strengthening citizen engagement and aligning leadership priorities with the aspirations of the people. The five-day strategic tour, which commenced on Monday,…

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Nigeria, Chinese firms seal deal to rejuvenate moribund state-run refineries

The Nigerian National Petroleum Company (NNPC) Limited said it has signed a Memorandum of Understanding (MoU) with two Chinese entities, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of Port Harcourt and Warri…

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