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Pemex Reports New Offshore Pipeline Leaks in Tabasco

The BusinessNG

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The Business NG

Mexico's state-owned oil giant, Pemex, has reported two fresh leaks from a pipeline linking the offshore Akal-C platform to the Dos Bocas maritime terminal in Tabasco state.

The incidents have resulted in visible oil slicks along a five-mile stretch of the nearby coastline, raising envir

المزيد من القصص من The Business NG

The Business NG

'80% of Nigerians in Debt' as Rising Living Costs Deepen Economic Pressure

Rising living costs and persistent economic pressure are pushing more Nigerians into debt, with analysts warning that borrowing is becoming a survival strategy for many households across the country.

time to read

1 min

BusinessNg

The Business NG

ECOWAS Projects Nigeria to Become 5th Richest Economy Globally Within 50 Years

The Economic Community of West African States (ECOWAS) has projected that Nigeria could become the world’s fifth richest country within the next 50 years, based on long-term global economic forecasts drawn from United Nations data and research by leading international universities.

time to read

1 min

BusinessNg

The Business NG

PDP Grants Jonathan Waiver, Clears Ex-President for Presidential Primary

The Peoples Democratic Party (PDP) has reportedly granted a waiver to former President, clearing him to participate in the party's presidential primary ahead of the 2027 general elections.

time to read

1 min

BusinessNg

The Business NG

CBN Projects 4.49% Growth as Inequality Concerns Persist

The Central Bank of Nigeria (CBN) has projected that the nation’s economy will grow by 4.49 per cent in 2026, signaling continued expansion in key sectors despite concerns over rising inequality and uneven distribution of economic gains.

time to read

1 min

BusinessNg

The Business NG

Banks Lose N2.5tn Yearly as CBN Defends Tough Cash Reserve Policy

Nigerian banks may be losing as much as N2.5 trillion annually due to the stringent Cash Reserve Ratio (CRR) policy of the, according to a new report by investment banking and research firm Chapel Hill Denham.

time to read

1 min

BusinessNg

The Business NG

2027 Elections: Political Parties Begin Fierce Struggle for Tickets

Nigeria's political landscape is heating up early as major political parties intensify internal processes ahead of the 2027 general elections, with aspirants across the country battling for nomination tickets in what is shaping up to be a highly competitive season.

time to read

1 min

BusinessNg

The Business NG

Nigerians Demand Interest Rate Cut Ahead of CBN MPC Meeting -Survey

As the Central Bank of Nigeria prepares for its Monetary Policy Committee (MPC) meeting scheduled for May 19 and 20, 2026, a new survey conducted by the apex bank has revealed that many Nigerians are calling for a reduction in interest rates amid worsening economic hardship and rising cost of living.

time to read

1 min

BusinessNg

The Business NG

Nigeria to Spend Nearly Half of 2026 Revenue on Debt Servicing

Nigeria's growing debt burden has come sharply into focus after President Bola Ahmed Tinubu revealed that the country will spend approximately $11.6 billion servicing debt obligations in 2026 —a figure estimated to consume nearly half of projected government revenue.

time to read

1 min

BusinessNg

The Business NG

Dangote Refinery Supplies 79% of Nigeria's Petrol as Fuel Imports Drop 37%

Dangote Petroleum Refinery strengthened its dominance in Nigeria's fuel market in April 2026 after accounting for about 79 percent of the country's petrol supply, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

time to read

1 min

BusinessNg

The Business NG

Nigeria Records 1.70 Million HIV Patients on Treatment as Benue Tops National Burden

Nigeria currently has 1.70 million people on antiretroviral treatment for HIV nationwide as of May 13, 2026, according to data from the National Data Repository compiled by TheCableIndex.

time to read

1 min

BusinessNg

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