Business & Economy

Capital markets, financial institutions, macroeconomic indicators, industry performance, trade, investment, enterprise, and regulatory actions.

Nigeria Clears $128 Million Gas Debts to Reinforce Power-Supply Chain

Posted on by Newsroom Operations
Nigeria Clears $128 Million Gas Debts to Reinforce Power-Supply Chain

Abuja — In a major move aimed at stabilising Nigeria’s troubled electricity sector, the federal government has approved payment of 185 billion naira (approximately USD 128 million) to settle long-standing debts owed to natural gas producers supplying power generation companies (GenCos). The decision, endorsed by the National Economic Council (NEC), chaired by the Vice President, follows a directive from Bola Tinubu to clear legacy arrears that have undermined investment, strained cash flow, and restricted gas…

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Editorial Board Position and Publisher Statement

Posted on by Newsroom Operations
Editorial Board Position and Publisher Statement

The Africa Signal news publishing enterprise enters a new chapter with a strengthened commitment to high quality journalism and continent-wide relevance. From inception in 2015, our goal has been to raise the standard of African reportage by delivering clarity, depth, and sector intelligence capable of shaping national and regional conversations. Our early years were defined by investigative rigour, policy focused storytelling, and a widening readership drawn to credible analysis. At the end of 2023 we…

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