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Tinubu signs approval
Business

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...

Business

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...

Business

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...

Business

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...

Business

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...

Business

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,...

Business

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...

Business

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...

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