Business
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Central Bank of Nigeria Moves to Make Mediation Mandatory in Loan Disputes
New proposal could bar borrowers and lenders from heading straight to court, with 90-day resolution timeline introduced….. The Central Bank…
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Nigeria Records $9.55m Power Debt as Benin, Togo, Niger Fall Short on Payments
Regional electricity exports expose payment gaps as neighbouring countries settle just over half of invoices….. Three West African nations Benin,…
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Nigeria’s Debt Climbs to ₦159.28 Trillion as Borrowing Continues to Rise
Latest DMO figures show steady increase driven by domestic borrowing, with external debt also edging higher….. Nigeria’s total public debt…
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Nigeria’s Power Subsidy Hits ₦418.79bn Despite Strong DisCo Remittances
Improved collections mask deep structural gaps as government continues to shoulder over half of electricity market costs…. Nigeria’s electricity sector…
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Bola Tinubu Blames Colonial Tax System for Nigeria’s Economic Struggles, Promises Fairer Reforms
President says new people-focused tax regime will boost investment, transparency, and long-term prosperity…. President Bola Tinubu has sharply criticised Nigeria’s…
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Japan Turns to Nigerian Crude as Middle East Supply Disruptions Reshape Global Oil Flows
Refinery constraints slow the shift, but rising demand for alternative crude grades offers Nigeria and other exporters a short-term boost…..…
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Nigeria Targets July Gas Supply to Abuja as AKK Pipeline Nears Completion
Long-delayed $2.8bn project set for major milestone after years of missed deadlines….. Nigeria is expected to begin supplying gas to…
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Nigeria’s Insurance Sector Posts 47.3% Premium Growth to N2.3trn in 2025
Oil & gas, annuity business drive expansion as claims drop 21.7%, NAICOM reports….. The Nigerian insurance industry recorded a sharp…
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NERC Unveils New Mini-Grid Rules, Tightens Oversight on Power Losses Across Nigeria
Regulator targets wider electricity access, stricter reporting, and improved grid efficiency under Electricity Act 2023….. The Nigerian Electricity Regulatory Commission…
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Fitch Projects Dip in Nigeria’s External Reserves to $47bn by 2026 Despite FX Gains
Rating agency warns of fiscal strain, inflation pressures, and structural weaknesses even as reforms support short-term stability….. Fitch Ratings has…
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