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Poultry Farmers Predict Egg Price Reduction Following N500m Subsidy

Poultry Farmers Predict Egg Price Reduction Following N500m Subsidy

The Poultry Association of Nigeria (PAN), Lagos State chapter, has projected a drop in the price of eggs with the sustenance of the state farmers’ feed subsidy. The Chairman Poultry Association of Nigeria (PAN), Lagos State chapter, Mr Mojeed Iyiola, said this in an interview with the News Agency of Nigeria (NAN) in Lagos yesterday. NAN reports...

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Sterling Bank Rewards Loyal Customer in Confam Jara 2.0 Promo

Sterling Bank Rewards Loyal Customer in Confam Jara 2.0 Promo

Sterling Bank’s Confam Jara 2.0 promotion has seen its first millionaire emerge, marking a significant milestone in the campaign aimed at rewarding loyal customers. Launched last month, the initiative encourages customers to conduct at least five transactions monthly using their debit cards, OneBank app or USSD (*822#) for purchasing goods and services. This campaign spans six months,...

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FG Moves to Clear Pension Arrears with N758bn Bond Sale

FG Moves to Clear Pension Arrears with N758bn Bond Sale

The Federal Government says it would issue bonds worth N758bn to clear accumulated pension debts. This includes debts owed under the old Defined Benefit Scheme before the introduction of the Contributory Pension Scheme in 2004, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, told journalists on Tuesday in Abuja. Edun briefed...

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Nigeria’s Oil and Gas Sector Generates $305 Billion in Revenue

Nigeria’s Oil and Gas Sector Generates $305 Billion in Revenue

The Federal Government realised the sum of $305billion as revenue inflows from the oil and gas sector from 2014 to 2024, it was learnt yesterday. The Nigeria Extractive Industries Transparency Initiatives (NEITI), disclosed this when its executive secretary/national Coordinator, Dr Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja. According to Orji in...

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Interswitch Hosts Ecosystem Innovation Mixer to Empower Startups

Interswitch Hosts Ecosystem Innovation Mixer to Empower Startups

Interswitch Group has organised the maiden edition of its startup innovation mixer, which took place at the Interswitch Innovation Hub at the company’s Lagos headquarters. Themed “Unlocking Synergies between Startups and Established Corporates,” the event attracted a cross-section of stakeholders across the broader tech, fintech and payments industries, including Interswitch Alumni. This Innovation Mixer was conceptualized...

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Union Bank Sets Limit on PoS Withdrawals for Customers

Union Bank Sets Limit on PoS Withdrawals for Customers

Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals. The implementation followed a directive by the Central Bank of Nigeria (CBN) on December 17, 2024, limiting the daily withdrawal limit on PoS to N100,000 per customer. According to CBN, the intervention is aimed at addressing identified challenges, combating fraud and...

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Invest in Enugu, Governor Mbah Tells Diaspora Community

Invest in Enugu, Governor Mbah Tells Diaspora Community

… as NiDCOM Chairman lauds governor’s investment in infrastructure, security Enugu State Governor, Dr. Peter Mbah, is inviting the Nigerian diaspora community to invest in Enugu, promising a hassle-free investment process and high returns. To facilitate this, his administration has put in place robust mechanisms, including a one-stop shop for business registration and a streamlined...

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Trump’s Proposed Tariffs Could Reduce Consumer Spending on Tech Products

Trump’s Proposed Tariffs Could Reduce Consumer Spending on Tech Products

The Consumer Technology Association, CTA, has warned that tariffs proposed by President-elect Donald Trump could significantly reduce Americans’ ability to purchase technology products. It said that this would potentially cut consumer purchasing power by up to 143 billion dollars. According to a report released by CTA, laptop and tablet purchases could plummet by as much...