FCMB Group Plc has reported a 99 per cent year-on-year increase in profit before tax for the first half of 2026, with earnings rising to ₦157.3bn from ₦79.1bn in the corresponding period of 2025, extending the strong performance recorded in the previous financial year. The unaudited results released on the Nigerian Exchange showed profit growth...
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The Northern Senators Forum has condemned the recent killings in Benue and Kaduna states, describing the attacks as tragic while endorsing the Federal Government’s plan to expand the Nigerian Army to strengthen the country’s security architecture. In a condolence message issued on Wednesday in Abuja, the forum’s Chairman, Senator Abdulaziz Yar’Adua, expressed sympathy with the...
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The Federal Competition and Consumer Protection Commission has identified technology infrastructure, regulatory compliance and consumer protection as key factors driving the growth and credibility of Nigeria’s digital betting industry. The commission stated this while monitoring the presentation of a ₦150m luxury house to the winner of iLOTBet’s 2026 FIFA World Cup promotion, describing regulatory oversight...
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The National Assembly Service Commission has confirmed the appointment of Ibrahim Sidi as the substantive Clerk of the House of Representatives. The confirmation was approved alongside the appointments of five other senior officers during the 31st meeting of the Commission’s sixth board held on Tuesday at the NASC Conference Room in Abuja. In a statement,...
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The Federal Government exceeded its 2024 borrowing target by N4.79tn after a wider-than-expected fiscal deficit forced it to raise substantially more debt than originally planned, according to the latest Budget Office of the Federation report. The Fourth Quarter and Consolidated Budget Implementation Report for 2024 showed that the Federal Government borrowed N12.62tn during the year,...
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The Federal Government has demanded justice for Nigerians killed in xenophobic attacks in South Africa and called for adequate compensation for victims whose businesses were destroyed, properties looted and livelihoods disrupted. The government also maintained that while diplomacy remained its preferred approach to resolving the issue, “all options” remained open in responding to the recurring...
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The Presidency has said it is shifting its social intervention strategy from temporary handouts to sustainable wealth creation and grassroots economic inclusion for women as part of efforts to drive long-term national development. To advance the initiative, the Presidential Committee on Economic and Financial Inclusion, under the Office of the Vice President, in partnership with...
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The Resource Centre for Human Rights and Civic Education has called for greater fiscal discipline, transparency and stronger democratic institutions, expressing concern over Nigeria’s budget priorities, constitutional reform process and public sector accountability. Speaking at a “State of the Nation” briefing in Abuja on Tuesday, CHRICED Executive Director, Comrade Ibrahim Zikirullahi, questioned the allocation of...
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Nigeria, Benin Republic and Cameroon have reaffirmed their commitment to coordinated border management, trade facilitation and regional economic integration following a high-level benchmarking mission to the Beitbridge Border Post between Zimbabwe and South Africa. The five-day mission brought together the Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi; Director-General of Cameroon Customs, Fongod Nuvaga; Director-General...
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Quidax, Nigeria’s first digital assets exchange to receive a provisional licence from the Securities and Exchange Commission, has expanded its stablecoin infrastructure to more than 21 countries and 14 currencies, a move aimed at helping businesses, fintechs and startups make faster and cheaper cross-border payments across Africa and key international markets. The company said the...
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