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Agriculture

Kwara Govt inaugurates cassava processing factory

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The Kwara State Government, in partnership with its diaspora community in the UK, has launched a cooperative-led cassava processing factory, marking a strategic move to transform local agriculture into a sustainable agribusiness. This initiative directly tackles post-harvest losses and boosts farmer incomes by adding value through products like garri, flour, and starch for both household and industrial markets. Crucially, the project demonstrates a successful model where government provides enabling policies and infrastructure, while organized farmer cooperatives and diaspora investment drive

Economy/Business

Stock market transacts 4.68bn shares worth N38.86bn

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The Nigerian equities market demonstrated robust momentum, adding N411 billion in value as market capitalization neared N99 trillion, driven by a significant 219% surge in trading volume. This explosive activity was heavily concentrated in Cornerstone Insurance, which alone accounted for over 78% of the day’s volume, indicating a major, singular transaction. Despite fewer overall deals, the market breadth remained positive with nearly twice as many gainers as losers, led by blue-chips like Julius Berger. The session solidified a

Economy/Business

New tax law to boost real estate, home ownership – NIESV

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Nigeria’s new tax reforms, effective January 2026, are strategically designed to stimulate the real estate sector by exempting small-scale construction businesses from VAT and raising the income threshold to free ~90% of workers from personal taxation. These changes will directly boost housing affordability and investment by making mortgage interest tax-deductible, thereby reducing borrowing costs for homebuyers. The reforms incentivize local production and are expected to strengthen mortgage financing, expanding home ownership nationwide. This positions the policy as a significant

Banking

GTCO raises N10bn through private placement

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GTCO is executing a strategic N10 billion private placement to meet specific holding company capital requirements, despite its banking subsidiary already exceeding the central bank’s commercial bank capital threshold. This targeted capital raise, priced at N80 per share, is a discrete component of a broader, pre-authorized $750 million capital program. The move highlights a sophisticated approach to regulatory compliance, allowing the group to optimize its capital structure across different entities. It underscores proactive financial management, ensuring the holding company itself is robustly capitalized

Economy/Business

NECA backs implementation of new tax legislation 

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NECA, representing Nigeria’s private sector, strongly endorses the imminent implementation of the new tax legislation, framing it as a critical, albeit chaotic, step toward economic reform. The association argues that despite political resistance and procedural controversies, the laws’ core objective of creating a more productive business environment and generating jobs to combat insecurity justifies immediate enactment, with amendments to follow. A key practical takeaway is the urgent call for FIRS to collaborate with the private sector to ensure widespread understanding and smooth adoption of the

Agriculture

IFAD-VCDP boss bags chieftiancy title in Ebonyi, preaches national unity

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A senior IFAD program leader was honored with a chieftaincy title in Ebonyi State, highlighting the tangible success of agricultural initiatives in enhancing food security and rural infrastructure for smallholder farmers. The event underscores a critical model for development, where external aid programs earn deep community trust and integration, as evidenced by local traditional recognition. This synergy between international development goals and local cultural systems presents a powerful blueprint for sustainable impact. Ultimately, the narrative transcends a single award, illustrating how effective community partnership

General News

Police arrest 22-year-old suspect over rape allegations in Ibadan

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The Oyo State Police Command has arrested a 22-year-old man for the alleged rape of a 17-year-old girl, following a report that he first intoxicated his victim. This case has been escalated to the State Criminal Investigation Department, with the suspect having already confessed. The police commissioner’s strong warning underscores a committed stance against gender-based violence, while the public is urged to partner with security agencies by providing actionable information to aid in crime prevention.

General News

Bauchi assembly passes N877bn 2026 Appropriation Bill

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Bauchi State has passed a landmark N877 billion 2026 budget, prioritizing capital expenditure (N568.3bn) to drive infrastructure and economic growth, supported by key fiscal reforms to ensure disciplined execution. Concurrently, the assembly enacted a comprehensive Persons with Disabilities Bill, which mandates accessibility, prohibits discrimination with enforceable penalties, and reserves at least 10% of public programs for PWDs. This dual legislative action demonstrates a strategic commitment to both macroeconomic development and inclusive social policy. The move aligns

Culture & Tourism

Carnival Calabar 2025 ends, celebrating 20 years of African street culture

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The 2025 Carnival Calabar successfully celebrated its 20th anniversary as Africa’s premier street party, showcasing elaborate thematic performances and reinforcing its role as a cornerstone of Nigeria’s tourism and cultural identity. Governor Bassey Otu emphasized the event’s legacy of resilience and continuity across administrations, while instituting a strict quality-control framework to elevate artistic standards and global competitiveness. The carnival’s core value extends beyond entertainment, driving significant tourism growth, cultural exchange, and international visibility for Cross River State. Moving forward

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