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Nigerian agri-business firm signs $60m coffee development deal with Liberia
Nigerian agro-development company, JR Farm Group has signed a $60 million (about N81.6 billion) 20-year partnership deal on coffee production with the Liberian government. The agreement is expected to revitalise Liberia’s coffee sector, expand exports and benefit over 200,000 farmers,…
Shell lists conditions for Nigeria to unlock economic potential in gas
Amid rising cost of the liquefied natural gas (LNG) and poor distribution network of the compressed natural gas (CNG), Shell Nigeria Gas (SNG) has listed conditions to be met in order for the country to unlock and fully realise potential of…
CBN proposes FG adoption of eNaira for payment of salaries, pensions, welfare benefits
Federal Government is considering a Central Bank of Nigeria (CBN) proposal to commence paying civil servants’ salaries, pensions, social welfare benefits, in addition contractors via the eNaira platform in order to boost the adoption of Nigeria’s digital currency. The eNaira…
NGX’s ASI climbs by 0.27%, as PMI rises to 54.1% in May
Nigerian Exchange (NGX) All-Share index edged up 0.27 per cent amid decreasing liquidity, just as the Purchasing Managers’ Index (PMI) jumped to 54.1 all in May 2026, according to the Exchange and StanbicIBTC reports. According to the NGX report covering up…
Elon Musk becomes world’s first trillionaire, as successful SpaceX IPO shoots net worth above $1.1trn
South African-born tech magnate, Mr Elin Musk has (on paper) become the world’s first trillionaire. The feat follows the businessman’s initial public offering (IPO) of his company, SpaceX’s shares soaring his net worth when it hit the stock market. The…
Senate passes bill to promote alternative financing options for MSME operators, trade
Senate, Wednesday, passed the Factoring, Assignment and Receivables Financing Bill 2026, aimed at improving access to finance, modernise commercial transactions and enhance Nigeria’s competitiveness in regional and global trade. The bill is also designed to expand the framework of financing…
FCCPC denies FG directive approving 9 new airtime credit operators
Federal Competition and Consumer Protection Commission (FCCPC) has dismissed reports claiming federal government, through the agency, has approved the entry of nine new operators into Nigeria’s airtime credit market. It would be recalled that the Wireless Application Service Providers Association of…
Rewane, Moghalu get FCMB, Bluecode Africa appointments
First City Monument Bank (FCMB) Limited has appointed Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors, following approval from the Central Bank of Nigeria (CBN). This is also as Bluecode Africa, the European payments infrastructure operator…
Bid submissions for 2025 licensing round ends on June 12 — NUPRC
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has affirmed that submission of technical and commercial bids by prequalified applicants for the 2025 licensing round will end on Friday, June 12. NUPRC had fixed 4:30 pm of Friday, June 12, 2026 as deadline…
FG launches EMERGE scheme to fund mineral exploration, research
Federal Government has launched the Early-Stage Mineral Exploration and Research Grant Endowment (EMERGE), a new funding initiative designed to support mineral exploration, critical minerals development, and geoscience research across Nigeria. This is also as the minister of Solid Minerals Development,…
