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Tinubu Seeks NASS Approval for $21.5bn External Loan and $2bn Forex Bond Amid Debt Concerns
President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a massive $21.5 billion external borrowing plan for 2025-2026, alongside additional...
Olaitan Sodiq
N600bn Debt, Poor Infrastructure Stranding 2,000MW Power Supply –NDPHC
The Niger Delta Power Holding Company (NDPHC) says 2,000MW of power generation capacity is stranded due to a N600 billion debt burden and...
Olaitan Sodiq
Naira Surges Sharply Against Dollar as CBN Touts Currency Stability
The naira appreciated significantly against the dollar at both the official and black markets during the week of May 16–23, 2025. Official data...
Olaitan Sodiq
Tinubu’s Mining Reforms Boost Revenue to ₦38bn, Attract $800m Investments — Alake
Nigeria’s mining sector revenue rose from ₦6 billion in 2023 to over ₦38 billion in 2024. The sector attracted over $800 million in...
Olaitan Sodiq
Manufacturers to Banks: Stop Penalising Us Over CBN’s Forex Failures
Nigerian manufacturers, under the Manufacturers Association of Nigeria (MAN), have urged commercial banks to stop harassing them over unmet Forex forward obligations. The...
Olaitan Sodiq
SERAP Sues CBN Over Non-Disclosure of LG Allocations After Supreme Court Ruling
SERAP has sued the Central Bank of Nigeria (CBN) for failing to disclose details of direct payments to Nigeria’s 774 local government councils,...
Olaitan Sodiq
NNPC Shuts Down Port Harcourt Refinery for Maintenance
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a scheduled shutdown of the Port Harcourt Refining Company (PHRC) for maintenance starting...
Olaitan Sodiq
Naira Gains Ground Against Dollar at Official, Black Markets as Week Closes Strong
The naira recorded a notable appreciation against the U.S. dollar at both the official and black markets by the end of trading on...
Olaitan Sodiq
