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Last updated: 2025-12-17 12:04:52
Toxic Bank Assets: AMCON Repays CBN N3.6trn, Still Owes N3trn
Source: Business Post Nigeria

Toxic Bank Assets: AMCON Repays CBN N3.6trn, Still Owes N3trn

By Modupe Gbadeyanka About N3.6 trillion has been repaid to the Central Bank of Nigeria (CBN) by the Asset Management Corporation of Nigeria (AMCON) since its inception in 2010. This information was r...

Food Concepts Return NASD OTC Exchange to Danger Zone
Source: Business Post Nigeria

Food Concepts Return NASD OTC Exchange to Danger Zone

By Adedapo Adesanya Food Concepts Plc neutralized the gains recorded by three securities, returning the NASD Over-the-Counter (OTC) Securities Exchange into the negative territory with a 0.27 per cent...

Investors Gain N97bn from Local Equity Market
Source: Business Post Nigeria

Investors Gain N97bn from Local Equity Market

By Dipo Olowookere The upward trend witnessed at the Nigerian Exchange (NGX) Limited in recent sessions continued on Thursday as it further improved by 0.10 per cent. This was despite investor sentime...

Who owns Kenya?: 2pc control over half of arable land
Source: Standard Media

Who owns Kenya?: 2pc control over half of arable land

A handful of Kenyans hold more than half of arable land, which is largely idle with allegations that a substantial proportion of this land has been acquired irregularly....

Treasury pockets Sh245b from Safaricom sale
Source: Standard Media

Treasury pockets Sh245b from Safaricom sale

Vodacom also agreed to buy the right to receive future Safaricom dividends and will make an upfront payment of Sh40.2 billion to the Treasury....

Global firm acquires local insurance platform mTek
Source: Standard Media

Global firm acquires local insurance platform mTek

Kenyan-based digital insurance platform mTek has been acquired by Bolttech. The move advances Bolttech's strategic goals in East Africa and enhances the group's global embedded insurance capabilities....

Nigeria Approves Fiscal Plan Proposing N54.5trn 2026 Budget
Source: Business Post Nigeria

Nigeria Approves Fiscal Plan Proposing N54.5trn 2026 Budget

By Adedapo Adesanya The Federal Executive Council (FEC) has signed off on a medium-term fiscal plan that projects spending of around N54.5 trillion in 2026, as it approved the 2026-2028 medium-term ex...

Tinubu Swears-in Ex-CDS Christopher Musa as Defence Minister
Source: Business Post Nigeria

Tinubu Swears-in Ex-CDS Christopher Musa as Defence Minister

By Modupe Gbadeyanka The former chief of defence staff (CDS), Mr Christopher Musa, has been sworn-in as the new Minister of Defence. The retired General of the Nigerian Army took the oath of office fo...

Flex Raises $60m to Scale Finance Platform
Source: Business Post Nigeria

Flex Raises $60m to Scale Finance Platform

By Aduragbemi Omiyale A $60 million Series B equity round has been completed by a financial technology (fontech) company, Flex, to scale its all-in-one business and personal finance platform for high-...

CPPE Warns Against Rising Cost of Living Amid 3.98% GDP Growth
Source: Business Post Nigeria

CPPE Warns Against Rising Cost of Living Amid 3.98% GDP Growth

By Adedapo Adesanya The Centre for the Promotion of Private Enterprise (CPPE) has warned that the cost of living may rise despite Nigeria’s economic growth in the third quarter of 2025. Nigeria’s gros...

The Alternative Bank Opens Effurun Branch in Delta
Source: Business Post Nigeria

The Alternative Bank Opens Effurun Branch in Delta

By Modupe Gbadeyanka One of the non-interest banks in Nigeria, The Alternative Bank (AltBank), has opened a new branch in Effurun, Delta State. The new office will serve the Edo-Delta region and provi...

The Washington Accords and Rwanda DRC Peace Deal
Source: The Exchange

The Washington Accords and Rwanda DRC Peace Deal

The world looked on with guarded optimism when the foreign ministers of the Democratic Republic of the Congo (DRC) and Rwanda signed a historical agreement in Washington, D.C., on June 27, 2025. Th...

FrieslandCampina Lifts NASD Exchange by 0.05%
Source: Business Post Nigeria

FrieslandCampina Lifts NASD Exchange by 0.05%

By Adedapo Adesanya FrieslandCampina Wamco Nigeria Plc helped the NASD Over-the-Counter (OTC) Securities Exchange regain stability after undergoing a series of losing streaks. On Wednesday, December 3...

Nigerian Stocks Rally 0.27% on Renewed Buying Interest
Source: Business Post Nigeria

Nigerian Stocks Rally 0.27% on Renewed Buying Interest

By Dipo Olowookere The bulls remained on the floor of the Nigerian Exchange (NGX) Limited on Wednesday, inspiring a further 0.27 per cent growth on the back of sustained buying pressure. This was amid...

Naira Falls to N1,447/$1 at NAFEM amid Forex Supply Volatility
Source: Business Post Nigeria

Naira Falls to N1,447/$1 at NAFEM amid Forex Supply Volatility

By Adedapo Adesanya A 0.16 per cent or N2.26 loss was suffered by the Naira against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, December 3, closing at N1,447...

Oil Prices Climb on Snag in Russia-Ukraine Peace Deal
Source: Business Post Nigeria

Oil Prices Climb on Snag in Russia-Ukraine Peace Deal

By Adedapo Adesanya Oil prices settled higher on Wednesday after the US and Russia failed to reach a deal to end the war in Ukraine that could have eased sanctions on Russia’s oil sector. Brent...

State to heed ruling on new coffee payment system
Source: Standard Media

State to heed ruling on new coffee payment system

The government says it will obey a court ruling that suspended implementation of the Direct Settlement System (DSS) coffee payments model and will ensure adequate public participation....

6th Asian Beach Games under detailed, practical preparation
Source: Business Post Nigeria

6th Asian Beach Games under detailed, practical preparation

SANYA, CHINA – Media OutReach Newswire – 4 December 2025 – On Dec. 1, the Chefs de Mission Press Conference for the 6th Asian Beach Games was held in Sanya, China. The conference rel...

Online vs On-Campus: The Future of Learning in Singapore
Source: Business Post Nigeria

Online vs On-Campus: The Future of Learning in Singapore

SINGAPORE – Media OutReach Newswire – 4 December 2025 – The choice between studying online or on campus reflects a significant global education shift that Singapore is actively embra...

MKU inks training deal with Abu Dhabi Maritime Academy
Source: Standard Media

MKU inks training deal with Abu Dhabi Maritime Academy

Training of seafarers in Kenya and the region has received a major boost following the signing of an agreement between Mount Kenya University (MKU) and the Abu Dhabi Maritime Academy....

Senate Confirms Ex-CDS Christopher Musa as Defence Minister
Source: Business Post Nigeria

Senate Confirms Ex-CDS Christopher Musa as Defence Minister

By Modupe Gbadeyanka The immediate past Chief of Defence Staff (CDS), General Christopher Musa (rtd), has been confirmed as the Minister of Defence by the Senate after undergoing screening on Wednesda...

NEC Approves N100bn to Boost Security Training
Source: Business Post Nigeria

NEC Approves N100bn to Boost Security Training

By Adedapo Adesanya The National Economic Council (NEC) has approved N100 billion, subject to a final ratification by President Bola Tinubu, for the rehabilitation of training institutions for police...

NGX Deepens Market Offerings With Commercial Paper Listings
Source: Business Post Nigeria

NGX Deepens Market Offerings With Commercial Paper Listings

By Aduragbemi Omiyale To deepen the country’s short-term debt market and reinforce its role as a versatile hub for capital formation, the Nigerian Exchange (NGX) Limited has introduced Commercial Pape...

CAC Alerts Public of 15 Illegal Companies Operating in Nigeria
Source: Business Post Nigeria

CAC Alerts Public of 15 Illegal Companies Operating in Nigeria

By Adedapo Adesanya The Corporate Affairs Commission (CAC) has warned the public against transacting business with about 15 unregistered companies operating with fake registration numbers across Niger...

SEC to Launch USSD Code, ISS Audio Next Week
Source: Business Post Nigeria

SEC to Launch USSD Code, ISS Audio Next Week

By Aduragbemi Omiyale Two innovative products are expected to be unveiled at the last Capital Market Committee (CMC) meeting of the Securities and Exchange Commission (SEC) for 2025. The CMC meeting i...

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Source: Business Post Nigeria

AFRIPERF Adopts Nigeria as Headquarters, Picks Komolafe as Chairman

By Adedapo Adesanya The African Petroleum Regulators Forum (AFRIPERF) has chosen Nigeria as its official headquarters and also elected the chief executive of the Nigerian Upstream Petroleum Regulatory...

Nigeria Launches First National Antimicrobial Resistance Survey
Source: Business Post Nigeria

Nigeria Launches First National Antimicrobial Resistance Survey

By Adedapo Adesanya Nigeria has launched its first nationally representative survey on antimicrobial resistance to generate critical data to guide evidence-based policies, improve patient outcomes, an...

Payattitude, PAPSSCARD to Co-brand Payment Card
Source: Business Post Nigeria

Payattitude, PAPSSCARD to Co-brand Payment Card

By Aduragbemi Omiyale A partnership aimed to enable seamless, real-time and secure transactions for cardholders across Africa and the rest of the world has been entered into by Payattitude and PAPSSCA...

CBN Stops Special Authorisation to Withdraw Above N5m
Source: Business Post Nigeria

CBN Stops Special Authorisation to Withdraw Above N5m

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, discontinuing the special authorisation previously permitting individuals to withdraw N5 million and corpor...

Food Concepts Sinks NASD OTC Exchange by 0.34%
Source: Business Post Nigeria

Food Concepts Sinks NASD OTC Exchange by 0.34%

By Adedapo Adesanya Food Concepts Plc, the parent company of Chicken Republic and PieXpress, weakened the NASD Over-the-Counter (OTC) Securities Exchange by 0.34 per cent on Tuesday, December 2. The f...

Naira Gains N3.05 on Dollar at Official Market, Trades N1,444/$1
Source: Business Post Nigeria

Naira Gains N3.05 on Dollar at Official Market, Trades N1,444/$1

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, December 2 by 0.21 per cent or N3.05 to close at N1,445.39/$1, in...

LBC launches Masari entrepreneurial training programme
Source: LibyaHerald

LBC launches Masari entrepreneurial training programme

The Libyan Business Council (LBC), in cooperation with Iqraa Consulting and Training Company, announce the launch of the Masari entrepreneurial training programme. The project aims to transform eme...

Government directs TBK to ensure compliance with Tea Act
Source: Standard Media

Government directs TBK to ensure compliance with Tea Act

A crisis is looming in small-holder tea factories after the government ordered KTDA directors holding direct and indirect commercial interests with other companies to relinquish their positions....

Crude Oil Prices Down on Uncertain Russia-Ukraine Peace Outcome
Source: Business Post Nigeria

Crude Oil Prices Down on Uncertain Russia-Ukraine Peace Outcome

By Adedapo Adesanya Crude oil prices declined by about 1 per cent on Tuesday as markets weighed faltering Russia-Ukraine peace hopes against fears of oversupply. Brent crude futures lost 72 cents or 1...

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