Nigeria’s external reserves have reached their highest level in more than six years, crossing the $45 billion mark—a development economists say could strengthen confidence in the country’s foreign exchange market and boost overall macroeconomic stability. Fresh figures released by the Central Bank of Nigeria (CBN) show that the reserves have risen to $45.04 billion, a
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A businessman, Kehinde Balogun, on Friday told a Mapo Grade A Customary Court in Ibadan to put an end to his 14-year-old marriage with his estranged wife, Stella, on the grounds of adultery. Balogun, a father of three, said with regrets that if he had known that Stella would bring him such future embarrassment, he
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Gas producers in Nigeria have ceased supplying natural gas to power generation companies, GenCos, due to unpaid debts, plunging the nation into widespread blackouts. The abrupt suspension follows a directive reportedly issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, prohibiting further gas deliveries until outstanding debts are cleared. Dr Joy Ogaji, Chief
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