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Year: 2026

FG disburses N75bn to 104 manufacturers, N65.8bn to MSMEs

By Yinka Kolawole The Federal Government has fully disbursed the N75 billion Manufacturing Sector Fund to 104 manufacturing businesses, while N65.8 billion has been disbursed to 15,018 micro, small and medium enterprises (MSMEs) to boost domestic production, expand businesses and create jobs. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, disclosed this in an…

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NPFL: Boboye praises Insurance players for win against Kwara United

Bendel Insurance technical adviser, Kennedy Boboye, says that his players followed the tactical plans in the win over Kwara United. The Benin Arsenals came from behind to secure a 2-1 win over the Harmony Boys in Ilorin on Sunday. Kayode Oke and Chinedu Nwosu were on target for the Benin-based club, while Stephen Gideon netted…

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Fire ravages feed mill factory in Ibadan [PHOTOS]

Properties worth millions of naira have been destroyed as a result of fire that ravaged a feed mill factory in Ibadan, the Oyo State capital. The incident occurred at a feed mill factory located at Podo area of Ibadan. The incident occurred on Monday, and the fire affected a prefabricated building being used as a…

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Power sector fix ‘ongoing work’ — APC-PCC; bonds can’t light homes, says ADC-PCC 

By Omeiza Ajayi & Luminous Jannamike ABUJA—The All Progressives Congress Presidential Campaign Council, APC-PCC, and African Democratic Congress Presidential Campaign Council, ADC-PCC, were yesterday locked in a verbal war over President Bola Tinubu’s declaration during his campaign in 2023 that if he failed to give Nigerians power, they should not re-elect him in 2027. Read…

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N70,000 allowance showdown: Civil servants fire back at TUC

*Insist FG-Labour agreement stands *JNPSNC reveals details of agreement, including 6-month transport allowance, others By Victor Ahiuma-Young Civil servants, under the aegis of Joint National Public Service Negotiating Council, JNPSNC, have defended the N70,000 transportation allowance agreement reached between the federal government and organised labour, insisting that the rejection of the deal by the Trade…

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Highly capitalised stocks push gain to N2trn in October 

*…as investors reap N4.5trn WoW  By Peter Egwuatu The Nigerian stock market strengthened Month-on-Month (MoM), in October 2026, as renewed buying interest in heavyweight stocks lifted the benchmark of the Nigerian Exchange, NGX Index above the 250,000-point psychological threshold.  Read Also: Banks raise lending rates for top borrowers despite CBN cuts The rally added N2.01…

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Why food security remains intractable

By DELE SOBOWALE Vanguard’s cartoonist, Oladejo Akande, on the Editorial page of the paper published a brilliant and comical piece about the high food import bill. A driver with a truck fully loaded with imported food chasing a Nigerian farmer out of the way, mockingly saying: “Stop wasting your time and energy!” It was comical…

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Banks raise lending rates for top borrowers despite CBN cuts

*Raise prime rates in 8 sectors, cut maximum rates *Agric, construction, manufacturing face higher rates  *Analysts warn of delayed impact of CBN rate cuts By Babajide Komolafe, Economy Editor Despite interest rate reductions by the Central Bank of Nigeria (CBN), banks have raised average prime lending rates in several key sectors of the economy, defying…

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2026 U-17 WWC: Venezuela coach reflects on defeat to Flamingos

Venezuela head coach Dayana Frías reflected on his team’s defeat to Nigeria’s Flamingos, DAILY POST reports. The South Americans were eliminated from the 2026 FIFA U-17 Women’s World Cup following a 1-0 defeat to Nigeria. La Vinotinto were outplayed by Nigeria but put up a resolute display at the back. The match appeared to be…

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LaLiga: Mourinho mocks Santander fans after Real Madrid’s 3-0 win

Real Madrid manager, Jose Mourinho, mocked Racing Santander’s fans following their 3-0 win in LaLiga on Sunday. Mourinho took aim at the home supporters for their lack of understanding regarding the laws of the game. “I love this stadium and I love the Racing fans,” he said. “They don’t come to attend a show or…

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