Business

Sanwo-Olu Unveils Lagos 2026 Economic Outlook, Targets Inclusive Growth and Stronger Competitiveness

State government highlights resilience amid global pressures, pledges to translate economic gains into jobs, infrastructure, and improved living standards…… Lagos…

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Nigeria Raises Gas Price for Power Firms to $2.18/MMBTU Amid Sector Debt Concerns

New pricing by regulator takes effect April 2026, with potential ripple effects on electricity generation and already strained GenCos….. Nigeria’s…

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National Assembly Passes N68.3 Trillion 2026 Budget After Tinubu Seeks Major Increase

Lawmakers approve expanded spending plan aimed at clearing legacy debts, funding key infrastructure, and stabilising Nigeria’s fiscal outlook…. Nigeria’s parliament…

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Markets Surge on Hopes of Imminent Iran War End, But Oil Jumps as Hormuz Fears Linger

Optimism lifts global equities after signals from Washington and Tehran, yet energy markets remain on edge over supply disruptions and…

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Afreximbank Leads $4bn Loan Deal for Dangote Refinery with $2.5bn Commitment

Five-year facility backed by African and global lenders to refinance debt and drive expansion of Africa’s largest refinery…. The African…

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U.S. Gas Prices Surge Past $4 per Gallon Amid Middle East Conflict

Households Feel the Pinch as Oil Markets React to U.S.-Israeli Tensions with Iran….   The U.S. national average for retail…

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Power Sector Crisis Deepens as FG Pays Just 4% of 2025 Electricity Subsidy

GenCos struggle, gas supply drops, and outages worsen as N1.85tn funding gap cripples Nigeria’s power market…… Nigeria’s electricity sector is…

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CBN Unveils Tough AI-Driven AML Rules, Giving Banks 18 Months to Comply

Nigeria sets global pace in financial crime detection as new framework targets institutions and executives over system failures….. The Central…

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Middle East Conflict Threatens Africa’s Growth Outlook — AfDB

Prolonged crisis could shave up to 1.5% off growth as rising oil prices, debt pressures, and weak investment weigh on…

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NGX Slams Five Brokerages with N291m Fines Over Market Manipulation

Regulator tightens grip on trading abuses as crackdown signals shift to tougher enforcement under new market rules…… The Nigerian Exchange…

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