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Economy/Business

NSE flags off construction of residential terrace to bridge shelter gap

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The Nigerian Society of Engineers (NSE) is strategically pivoting into real estate development, launching an 18-unit residential project in Lagos through a landmark public-private partnership. This initiative signals a powerful model where professional bodies directly invest in critical national infrastructure, specifically targeting Nigeria’s severe housing deficit. The NSE positions this not merely as a construction project, but as a foundational step in a broader mission to leverage engineering expertise for sustainable urban development and economic growth. This move establishes the Society as an active developer

General News

Tinubu threatens intervention over non-implementation of LG autonomy

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President Bola Tinubu has issued a direct ultimatum to state governors, threatening to enforce Supreme Court-mandated local government financial autonomy through direct fund allocations and source deductions if compliance is not immediate. Simultaneously, he announced a decisive move toward establishing State Police, including armed Forest Rangers, as a critical strategy to combat terrorism and banditry. Tinubu also warned his own party leadership to ensure transparent e-membership registration, threatening to take control of the process if they fail. This speech

Economy/Business

NGX gains N1.08trn as investors extend year-end rally

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The Nigerian Exchange closed the week with a significant N1.08 trillion gain, fueled by a year-end rally and strong investor interest in specific top-performing equities. This surge elevated the Year-To-Date return to 47.73%, underscoring robust market confidence despite a notable shift toward higher-volume, lower-value trading activity. Market experts attribute this sustained bullish trend to typical seasonal patterns rather than unusual catalysts. The advance, led by stocks like Union Dicon Salt and Austinlaz, demonstrates concentrated momentum

Economy/Business

BRIPAN inaugurates Folorunsho, reaffirms economic stability role

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The Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN) has inaugurated Mr. Albert Folorunsho as its new president, signaling a continued focus on stabilizing distressed businesses and bolstering economic confidence. Under the outgoing leadership, the association strengthened its national impact through strategic engagement with financial institutions and regulators, alongside significant membership growth and capacity building. A substantial treasury of N145 million has been secured to fund future initiatives, including a new secretariat. The incoming administration is tasked

Defence/Security

FG to regard armed groups, gun-wielding non-state actors as terrorists

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President Bola Tinubu has declared a sweeping new counterterrorism doctrine, categorizing all armed non-state actors—from bandits to kidnappers and their enablers—as terrorists, fundamentally resetting Nigeria’s security posture. This is backed by a 2026 budget prioritizing modernized military capabilities, intelligence-driven operations, and a reformed justice system to deliver tangible security outcomes. Crucially, the policy expansively targets the entire ecosystem of violence, including financiers, intermediaries, and community leaders who

Education

Ooni of Ife donates N6m to best graduating student of Ibadan Poly

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The Ooni of Ife’s significant financial awards to top graduates and innovative lecturers underscore a powerful model of private-public partnership in education, emphasizing excellence and technological advancement. Concurrently, the Oyo State government demonstrates its commitment through substantial budgetary allocation and institutional support, including staff regularization and new program approvals. The event highlights a cohesive strategy where traditional leadership, state policy, and academic administration align to foster industrial harmony, graduate success, and curriculum modernization. This synergy positions The Polytechnic Ibadan as a growing

General News

CSO warns Nigerians against counterfeit products

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A Nigerian civil society organization has issued a critical public alert, urging citizens to actively combat the pervasive threat of counterfeit and substandard goods in local markets. This call to action follows a formal engagement with the Standards Organisation of Nigeria (SON), which revealed both proactive enforcement measures—like decentralizing operations and deploying digital tools—and significant systemic challenges hindering regulatory effectiveness. The core takeaway is that while SON is taking concrete steps, including sealing non-compliant manufacturers and pursuing prosecutions, public vigilance and

Defence/Security

2026 budget: Tinubu signals ruthless crackdown on armed groups, sponsors

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President Tinubu has declared a fundamental shift in Nigeria’s security strategy, announcing a new national counterterrorism doctrine that will treat all armed non-state actors—from bandits to militias—as terrorists, promising “no mercy” for perpetrators and their financiers. This overhaul is backed by a N58.18 trillion 2026 budget that prioritizes measurable security outcomes, focusing on modernizing the armed forces, intelligence-driven operations, and technology-enabled surveillance. The core insight is that security is framed

Defence/Security

COAS reaffirms soldiers’ welfare, inaugurates estate, shopping complex in Ibadan

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The Nigerian Army is strategically addressing core soldier welfare and retention by launching a nationwide affordable housing scheme, ensuring personnel have secure post-service homes to boost morale and long-term commitment. This initiative, expanding from a successful pilot, directly links soldiers’ future security with enhanced national defense, positioning housing as a critical component of military efficacy. The program actively seeks partnerships with state governments and the private sector for land and development, aiming to create integrated communities that also stimulate local economies. Ultimately, this represents a proactive, institutional

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