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Government’s ₦34.5 trillion deficit pushes bond yields to 17.79%
The Federal Government’s record borrowing programme has pushed bond yields to 17.79%, as investors demand higher returns amid a surge in debt issuance.
10 hrs ago
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Morning Report
Boeing moves from seller to partner as Nigerian airlines expand internationally
Boeing is shifting from selling aircraft to providing technical support in Nigeria, as local carriers upgrade fleets for international routes.
10 hrs ago
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Morning Report
Oil producers warn 270 levies threaten investment revival
Nigeria’s independent oil producers are warning that 270 different levies imposed by multiple agencies threaten to undermine the recent revival in…
Jul 7
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Morning Report
Renaissance strikes light oil in first major find since takeover
Renaissance Africa Energy has discovered a significant light oil deposit off Nigeria’s coast, the first major find since the indigenous operator took…
Jul 7
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Morning Report
Customs cuts vehicle import duties by 50%, targets ₦11 trillion revenue
The Nigeria Customs Service has reduced import duties on vehicles by 50% while aiming to collect ₦11 trillion in revenue in 2026.
Jul 7
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Morning Report
Airtel cuts diesel use by 9.1m litres as green telecom race intensifies
Airtel Africa reduced diesel consumption by 9.1 million litres in one year by switching 390 sites from diesel to national grid power.
Jul 6
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Morning Report
Tony Elumelu retires as UBA Chairman after 12 years, assets up 1,100%
Tony Elumelu is retiring as UBA Chairman on August 21, in line with CBN’s 12-year tenure limit for non-executive directors.
Jul 6
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Morning Report
IPMAN says petrol could fall below ₦800 as Dangote opens direct sales
Independent marketers have signed a direct purchase agreement with Dangote Refinery, potentially reducing petrol prices below ₦800 per litre nationwide.
Jul 6
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Morning Report
Lagos land prices jump 751% in five years as real estate boom leaves millions behind
Land prices in Lagos’s Bluewater-Okunde Zone have surged 751% in under five years, driven by infrastructure projects, as Nigeria’s real estate boom…
Jul 6
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Morning Report
Electricity subsidy hits ₦358 billion in Q1 despite worsening blackouts
The Federal Government spent ₦358 billion on electricity subsidies in Q1 2026, despite a 17.45% drop in generation capacity and worsening blackouts.
Jul 6
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Morning Report
Julius Berger blames regulatory overlap for infrastructure delays
Julius Berger has identified regulatory overlap and weak coordination among government agencies as major factors delaying infrastructure projects in…
Jul 6
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Morning Report
FG bets on solar mini-grids to reach 50,000 rural households
The Federal Government plans to deploy 23 solar mini-grids to power 50,000 rural households, positioning solar as the backbone of off-grid…
Jul 6
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Morning Report
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