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Dangote Fuel Still Pricey Despite Crude Oil Crash – S&P Global   The pricing of refined petroleum products at the Dangote Petroleum Refinery has been identified as one of the incentives to import these products into Nigeria. S&P Global said in a report that the Dangote refinery’s reduction in petroleum products’ prices was not significant […] The post Dangote Fuel Still Pricey Despite Crude Oil Crash – S&P Global appeared first on Economic Confidential…Read More

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FG to Settle N2trn Debt Owed to GenCos by December   The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end of the current year. He said the amount to be paid in cash and […] The post FG to Settle N2trn Debt Owed to GenCos by December appeared first on Economic Confidential…Read More

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CBN Mandates Banks to Strengthen Sanctions Compliance Measures   The Central Bank of Nigeria (CBN) has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions. In a circular dated April 17…Read More

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NNPC Targets $30bn Investments in Oil Sector by 2027   The Nigerian National Petroleum Company Limited (NNPCL) has unveiled its agenda for attracting $30 billion investments by 2027 and $60 billion by 2030. The Group Chief Executive Officer (GCEO) Bayo Ojulari disclosed this to members of staff during a townhall meeting held at the NNPC […] The post NNPC Targets $30bn Investments in Oil Sector by 2027 appeared first on Economic Confidential…Read More

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Investors Gain N239bn as Equity Market Recovers Losses   The Nigerian equities market closed positively on Thursday, as investors gained N239bn in market capitalisation, reversing the losses recorded in previous sessions following a four-day trading week caused by the Easter public holidays. Data from the Nigerian Exchange Limited showed that the market capitalisation rose to […] The post Investors Gain N239bn as Equity Market Recovers Losses appeared first on Economic Confidential…Read More

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Former Vice President of Nigeria, Atiku Abubakar, has cautioned against the misappropriation of funds allocated to the health sector in the 2025 budget, referencing past bizarre claims of animals—such as snakes, termites, gorillas, and monkeys—being blamed for missing public funds. He stressed that such absurd incidents must not be allowed to happen with resources meant for healthcare. Amid dwindling resources and reduced external support for healthcare services, Abubakar emphasized the need for transparency and accountability in the government’s $1.07 billion budgetary appropriation for the health sector. He called for mechanisms to ensure public audits and proper utilization of every kobo…

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