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19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund

19 Nigerian Pension Funds Express Interest in Proposed $750m Infrastructure Fund

Nigeria’s pension industry is seeking to mobilise approximately $600 million from domestic pension funds for a proposed $750 million infrastructure investment platform, which has already attracted interest from 19 Nigerian pension funds. The initiative, known…

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IFAD warns El Niño could cost global economy $11tr, food security

IFAD warns El Niño could cost global economy $11tr, food security

Global economy could lose up to $11 trillion to El Niño, with the climate phenomenon expected to have significant and lasting “May cause disease outbreaks, heat risks in 2027” Global economy could lose up to…

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FG Plans $2bn Spending on East-West Super Grid, Set to End Unreliable Power Supply in 3 Years

FG Plans $2bn Spending on East-West Super Grid, Set to End Unreliable Power Supply in 3 Years

The federal government has said that it is planning to invest $2 billion in an East-West super grid to strengthen Nigeria’s electricity transmission network and increase its capacity to 19,000 megawatts, with a three to…

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FG, Moniepoint Enable Nigerians to Access N50,000 Emergency Relief

FG, Moniepoint Enable Nigerians to Access N50,000 Emergency Relief

Moniepoint Microfinance Bank has introduced a USSD channel through which eligible Nigerians can check their status and access the Federal Government’s N50,000 National Emergency Relief and Stabilisation Intervention (NERSI). The bank in a statement said…

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FG Rolls Out ₦50,000 Monthly Cash Relief For Vulnerable Nigerians

FG Rolls Out ₦50,000 Monthly Cash Relief For Vulnerable Nigerians

  The Federal Government has commenced a monthly cash relief programme offering ₦50,000 to vulnerable households to cushion the impact of rising living costs. The Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, announced…

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Panel Recommends N1.4bn Compensation over 37 Miners Suffocated in NSCDC Custody

Panel Recommends N1.4bn Compensation over 37 Miners Suffocated in NSCDC Custody

A federal government investigative panel has found that 37 suspected illegal miners who died in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State died from asphyxiation, recommending N1.4 billion…

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BARCELONA FINED ÂŁ503 OVER APPROACH FOR ALVAREZ

BARCELONA FINED ÂŁ503 OVER APPROACH FOR ALVAREZ

Barcelona have been fined 602 euros (ÂŁ503) following a complaint by Atletico Madrid over contact the club made with striker Julian Alvarez. Atletico accused La Liga rivals Barcelona of approaching Argentina international Alvarez without first…

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FG to begin minimum wage talks with NLC, approves N70,000 transport allowance

FG to begin minimum wage talks with NLC, approves N70,000 transport allowance

Tinubu urged to settle unpaid subsidy-removal relief for pensioners The Federal Government and the Nigeria Labour Congress (NLC) have agreed to immediately constitute a Minimum Wage Negotiation Committee, while approving a N70,000 monthly transport intervention…

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Oyo Assembly approves N100b for infrastructure

Oyo Assembly approves N100b for infrastructure

• Alli campaign organisation alleges Makinde bent on bankrupting Oyo to fund elections • You’ll refund every kobo after office, Oyo APC tells governor Oyo State House of Assembly has approved a N100 billion loan…

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NIGERIA DISAGREES WITH WORLD BANK OVER ₦7.7tn DEBT INTEREST PAYMENTS

NIGERIA DISAGREES WITH WORLD BANK OVER ₦7.7tn DEBT INTEREST PAYMENTS

The Federal Government has disagreed with the World Bank on the latter’s concerns that interest payments of N7.7tn in the first half of 2026 threaten the country’s debt sustainability. The ministry stated its position in…

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