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FG to Phase Out Electricity Subsidy, Introduce Cost-Reflective Tariffs Within a Year
The Federal Government has confirmed plans to gradually eliminate electricity subsidies and fully implement cost-reflective tariffs across Nigeria’s power sector....
Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day
The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded...
CBN Keeps Benchmark Rate at 26.5% as MPC Maintains Tight Monetary Policy
The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 26.5%, maintaining its tight...
Foreign Reserves Cross $52 Billion, Highest Level in 17 Years
Nigeria’s external reserves have reached $52.02 billion, marking the highest level recorded in more than 17 years and surpassing the...
Nigeria’s $40 Billion Blockchain Ambition Lags as Focus Shifts to Crypto Regulation
Nigeria’s national blockchain policy, launched three years ago with the potential to generate up to $40 billion in economic value,...
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