NNPCL Announces Free Cataract Extraction Surgeries In Ogun
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- January 6, 2025
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36 States Receive N2.39tn From FAAC In Q2 as Delta Overtakes Lagos0
Nigeria’s 36 states received a combined ₦2.39 trillion from the Federation Account in the second quarter of 2026, representing an increase of about ₦259.41 billion, or 12.2 per cent, compared with the ₦2.13 trillion allocated in the first quarter. An analysis of Federation Account Allocation Committee (FAAC) disbursements for April to June showed significant changes
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Nigeria’s External Debt Rises by $11.4bn Under Tinubu0
Nigeria’s external debt has increased by about $11.4 billion since President Bola Ahmed Tinubu assumed office, with the country’s external obligations rising from approximately $43.1 billion to $54.5 billion as of June 2026, according to data reviewed by Nairametrics. The increase has been attributed to a combination of multilateral borrowing, commercial debt and syndicated financing
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CBN Offers N2.5tn OMO Bills as N2.43tn Maturity Hits Banking System0
The Central Bank of Nigeria (CBN) has scheduled a ₦2.5 trillion Open Market Operations (OMO) auction for September 29, 2026, on the same day that an estimated ₦2.433 trillion OMO repayment is due to mature. The near one-for-one match between the fresh offer and the maturing instruments means the auction could significantly influence liquidity conditions
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24-Hour Electricity: FG Targets Lagos, North-West, South-East Corridors With Energy Zones0
The Federal Government is advancing plans to establish Energy Zones in some of Nigeria’s highest electricity-demand areas as part of efforts to improve power supply and move towards stable, 24-hour electricity for homes, businesses and industries. Minister of Power, Joseph Tegbe, disclosed the plan during a strategic meeting with the leadership of selected electricity distribution
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NNPCL Declares ₦7.2 Trillion Profit0
The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of ₦7.2 trillion in 2025, representing an increase of more than 30 per cent from the ₦5.76 trillion recorded in 2024. NNPCL Group Chief Executive Officer, Bashir Bayo Ojulari, disclosed the figures on Tuesday while presenting the company’s 2025 Audited Financial Statements. Reps
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OPay Speaks On Stopping Phone Numbers As Account Numbers0
OPay has dismissed a viral social media claim that the fintech company has stopped using customers’ phone numbers as account numbers and switched entirely to standard bank account numbers. The claim circulating online advised OPay customers whose account numbers are linked to their phone numbers to visit agents and have their accounts converted to
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