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Business

Federal Government Announces Industrial Hubs in Four States to Revamp Manufacturing Sector

Abuja, Nigeria – In a major push to revitalize Nigeria’s industrial sector, the Federal Government has unveiled plans to establish world-class industrial hubs across four strategic

Business

Manufacturers Lament Unfair FX Forward Treatment by Banks, Threaten Industrial Action

Lagos, Nigeria – Nigerian manufacturers are raising alarm over what they describe as “predatory practices” by commercial banks in the execution of foreign exchange forward contracts,

Business

Nigerian Stock Market Sentiment Turns Negative as CBN Holds Interest Rate at 27.5%

Lagos, Nigeria – The Nigerian Exchange (NGX) has slipped into bearish territory following the Central Bank of Nigeria’s (CBN) decision to maintain its Monetary Policy Rate

Business

Nigeria Revamps Trade Strategies and Investment Climate to Boost Global Competitiveness

Abuja, Nigeria | [Current Date] – The Federal Government has launched a comprehensive review of Nigeria’s trade policies and investment frameworks, aiming to position the country

Business

Nigeria Customs, FMITI Launch Historic Nigeria-East/Southern Africa Air Cargo Route to Boost Intra-African Trade

Abuja, Nigeria | [Current Date] – In a landmark move to enhance continental trade, the Nigeria Customs Service (NCS) and the Federal Ministry of Industry, Trade and Investment (FMITI) have

Business

CBN Expands Financial Inclusion with Non-Resident BVN Gateway

New Policy Enables Diaspora Nigerians, Foreign Investors to Access Banking Services Abuja, Nigeria | [Current Date] – In a major push for financial inclusion, the Central Bank

Business Economy

Otedola Praises Tinubu’s Reforms as First Bank Holdings Investment Hits N320 Billion

Key Highlights Why This Matters 1. Otedola’s Vote of Confidence in Tinubunomics The billionaire businessman, known for his strategic investments, publicly endorsed key reforms, including:✔ FX

Business

Remita Targets Pan-African Expansion, Champions AI in Fintech

Lagos, Nigeria – [News24Hours.org] — Leading Nigerian fintech firm, Remita, is setting its sights on broader African expansion, with plans to leverage artificial intelligence (AI)

Business

SEC steps up fight against promoters of ponzi schemes

The Securities and Exchange Commission (SEC) has ramped up its fight against ponzi schemes in Nigeria, vowing to take decisive action against illegal fund operators while

Business

Oil marketers flood jetties with 283, 577 metric tonnes of imported petrol, others

Oil marketers have flooded the domestic market with 283, 577 metric tonnes of imported Premium Motor Spirit, PMS, also known as petrol and other petroleum products.