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Tinubu Vows to Drive Nigeria’s Growth with Technology, Food Security, Draws Inspiration from Brazil

President Bola Tinubu has reaffirmed his administration’s commitment to fast-tracking Nigeria’s development through technology and food security, drawing lessons from Brazil’s economic trajectory. Speaking on Tuesday during an interactive session with Nigerians in Brazil, the President said his government was determined to pursue transformation anchored on innovation, reform, and inclusive growth. “We must bring Nigeria […]

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LASIEC Denies Unpaid Wages Allegations to Ad Hoc Staff

The Lagos State Independent Electoral Commission has refuted claims that it failed to pay ad hoc staff who worked on the July 12 Local Government Elections.   In a statement, LASIEC’s Head of Public Affairs, Mr. Tope Ojo, said all duly verified staff were paid according to the established schedule, with payments completed within the […]

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Sweden Names Isak in World Cup Qualifier Squad, Back Him on Newcastle Strike

Sweden has named Alexander Isak in their squad for the upcoming World Cup qualifiers against Slovenia and Kosovo, despite the striker’s ongoing standoff with Newcastle United. The 25-year-old has not featured for the Magpies this season and is currently training away from Eddie Howe’s first team after accusing the club of breaking promises made to […]

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Your Economic Policies Causing Nigerians to Groan, Resort to Suicide, PDP Lawmakers Tell Tinubu

The Peoples Democratic Party (PDP) caucus in the House of Representatives has urged President Bola Ahmed Tinubu, to urgently respond to the deepening hardship facing millions of Nigerians. Addressing newsmen in Abuja after an emergency meeting on Monday, the opposition lawmakers decried what they described as the unbearable living conditions across the country, saying that […]

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Crypto Exchanges Reconnect with Nigeria’s Banking System, Enhancing Transaction

Nigerian cryptocurrency exchanges have regained access to the country’s formal banking network, marking a significant milestone in the nation’s digital finance landscape. This development follows the Securities and Exchange Commission’s (SEC) issuance of Approval-in-Principle to Busha and Quidax in August 2024, granting them legal recognition as crypto trading platforms. Prior to this regulatory shift, Nigerian […]

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President Tinubu Pledges Tech-driven Development, Food Security

  • August 27, 2025
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STATEHOUSE PRESS RELEASE President Bola Ahmed Tinubu has pledged to fast-track Nigeria’s development through technology and food security, aligning with the success models of emerging economies like Brazil. Speaking on Tuesday when he met with a cross section of Nigerians resident in Brazil, President Tinubu emphasized his administration’s commitment to transformation through innovation, reform, and […]

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Some Nigerian Banks Expected to Remain Under Forbearance Beyond 2025, Reports Fitch Ratings

Fitch Ratings has projected that while most Nigerian banks are likely to exit regulatory forbearance by the end of 2025, a select group of institutions may continue to operate under these regulatory accommodations into 2026. Banks extending beyond the forbearance period would face strict restrictions, including limitations on dividend payments, executive bonuses, and foreign investments. […]

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Nigeria Loses $4bn Annually to Imported Steel Products

Nigeria’s Minister of Steel Development, Prince Shuaibu Audu, has disclosed that the country loses over $4 billion in foreign exchange every year to imported steel products.   He made this revelation at the 2025 Engineering Conference, Annual General Meeting, Award Night, and Induction Ceremony organised by the Nigerian Society of Engineers (NSE), Bwari Branch.   […]

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