Category: National Economy
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FG Boosts Nigerian MSMEs with ₦75 Billion in Single-Digit Loans from BOI
In a move aimed at catalyzing the growth of Micro, Small and Medium Enterprises (MSMEs) across Nigeria, the federal government has initiated the disbursement of ₦75 billion in single-digit loans through the Bank of Industry (BOI). This strategic intervention, approved by President Bola Tinubu, is set to provide much-needed financial relief and support to the…
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Fuel Price Controversy Deepens as NNPC Defends Import Quality Amid Market Tensions
The ongoing debate over Nigeria’s fuel pricing mechanism intensified Tuesday as the Nigerian National Petroleum Company (NNPC) Limited defended its import quality standards amid protests at its Abuja headquarters. The controversy highlights the growing tensions in Nigeria’s downstream petroleum sector since the removal of fuel subsidies. NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, strongly rebutted…