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Nigeria Ends $717 Million World Bank Power Deal Amid Electricity Sector Pressure

Nigeria, May 26 -- The decision followed mounting tariff shortfalls, rising foreign exchange costs, and persistent operational setbacks across the sector. The News Chronicle reports that the Feder... Read More


CBN Pumps N9.7 Trillion Into Market as Naira Records April Recovery

Nigeria, May 26 -- The News Chronicle reports that the naira appreciated by N19.67 during the month, closing at an average exchange rate of N1,361.51/$, compared with N1,381.18/$ recorded in March. Th... Read More


World Cup Health Alert Grows as Fans Prepare for Tournament Rush

Nigeria, May 26 -- Millions of football fans are expected to travel among 16 host cities for the event set for June and July; however, The News Chronicle reports that health experts are closely monito... Read More


Private Sector Lending Drops by N14 Trillion Despite CBN Rate Cut

Nigeria, May 26 -- The News Chronicle reports that private sector credit dropped to N80.59 trillion in April 2026 from N94.61 trillion recorded in February, representing a decline of more than N14 tri... Read More


Nigeria's FX Reserves Rise Above $48.8bn as CBN Signals Stronger Market Confidence

Nigeria, May 25 -- The News Chronicle reports that the latest figures released by the Central Bank of Nigeria showed the nation's gross reserves increased from $48.34 billion on May 4 to about $48.89 ... Read More


Arteta Fires Warning to PSG After Arsenal's Premier League Win

Nigeria, May 25 -- The News Chronicle reports that Arsenal secured the league championship with a 2-1 victory over Crystal Palace, igniting celebrations among fans and players after years of disappoin... Read More


Naira Slides Slightly Despite Rise in Nigeria's Foreign Reserves

Nigeria, May 25 -- The News Chronicle reports that the official market saw the naira end the week at N1,375.46 per dollar, representing a 0.32 percent weekly drop, while the black market experienced a... Read More


Nigeria Holds Position Among World Bank's Biggest Borrowers

Nigeria, May 23 -- Nigeria has maintained its position as the third largest borrower from the World Bank's International Development Association despite recording a slight reduction in its debt profil... Read More


NPFL Title Race Heads for Dramatic Finale in Lagos and Port Harcourt

Nigeria, May 22 -- The News Chronicle reports that Enugu Rangers and Rivers United are still locked in a fierce battle for the NPFL Title, with only one point separating the two teams heading into Sun... Read More


CBN Raises N5.63 Trillion as Investors Rush High-Yield OMO Bills

Nigeria, May 15 -- The auctions, conducted between May 4 and May 12, recorded strong demand from investors seeking attractive returns on government securities. Although the apex bank initially off... Read More