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Senate Confirms Gen. Christopher Musa as Defence Minister After Rowdy Screening Session

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The Nigerian Senate on Wednesday confirmed General Christopher Musa, the former Chief of Defence Staff (CDS), as the country's new Minister of Defence, following a tense and highly charged screening session.

The confirmation came through a voice vote after lawmaker

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FEC Approves 2026-2028 Budget Plan, Projects N34 Trillion Federal Revenue

The Federal Executive Council (FEC) has approved Nigeria's 2026-2028 Medium-Term Expenditure Framework (MTEF), outlining the country's revenue targets, spending priorities, and economic outlook for the next three years.

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The Business NG

US Tightens Pressure on Nigeria Over Religious Killings, Imposes Visa Bans

The United States has intensified pressure on Nigeria over alleged anti-Christian violence by imposing visa restrictions on individuals accused of violating religious freedom.

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The Business NG

Senate Confirms Gen. Christopher Musa as Defence Minister After Rowdy Screening Session

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The Business NG

Foreign Investors Take Over Nigerian Tech Companies as Founders Lose Control

Global appetite for Nigerian technology companies continues to surge as foreign investors intensify their acquisition of promising local startups, BusinessNG investigations have revealed.

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The Business NG

Big Shake-Up: Insurers Rush for Cash as New Government Rules Take Effect

A fresh wave of capital-raising activity is sweeping through Nigeria's insurance sector as firms race to meet the stricter minimum capital requirements prescribed by the Insurance Industry Reform Act (NIIRA) 2025. With the deadline drawing closer,

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The Business NG

Tinubu Meets Gov Otti as Push for Nnamdi Kanu's Release Gains Momentum

On Tuesday, President Bola Tinubu met with Governor Alex Otti of Abia State at the Presidential Villa in Abuja — a meeting widely seen as part of ongoing efforts to secure the release of convicted IPOB leader Nnamdi Kanu.

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The Business NG

Chicken Prices Surge as Nigerians Brace for a Costly Christmas

As Christmas draws closer, the price of chicken—a staple at festive Nigerian celebrations—has surged sharply, raising concerns for households already battling high food costs.

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The Business NG

Nigeria's Economy is Stronger-Cardoso

Nigeria's financial position has improved significantly, thanks to a surge in international trade and stronger banking reforms, the Central Bank of Nigeria (CBN) has revealed.

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The Business NG

SERAP Sues Akpabio, Abbas Over Missing N18.6bn NASC Office Funds

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas, over the alleged mismanagement of N18.6 billion intended for the construction of the National Assembly Service Commission (NASC) Office Complex.

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The Business NG

MPC Meeting: All Eyes on CBN as Analysts Predict Fresh Rate Cut

As Nigeria's Monetary Policy Committee (MPC) prepares to meet on November 24-25, analysts across the financial sector are forecasting another policy rate cut, citing easing inflation, stronger macroeconomic fundamentals, and improved foreign exchange stability. The meeting comes just weeks after the Central Bank of Nigeria (CBN) cut the Monetary Policy Rate (MPR) by 50 basis points to 27%, marking the first rate reduction in nearly ten consecutive policy meetings under Governor Olayemi Cardoso. Stakeholders say this week's meeting will be a decisive test of the CBN's confidence in Nigeria's emerging disinflation trend. Inflation eased to 16.05% in October—down from 18.02% in September—following the CPI rebasing exercise and improvements in food supply, FX liquidity, and general price stability.

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