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Analysts Call for Term Limits for Lawmakers

The Business NG

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The BusinessNG

A growing chorus of political analysts and scholars is calling for constitutional term limits for Nigerian lawmakers, warning that indefinite tenures are eroding legislative effectiveness, encouraging corruption, and stifling democratic accountability.

The critics argue that the absence of a term cap for members of the National Assembly and State Houses of Assembly has enabled some lawmakers to entrench themselves in power for decades. This lack of turnover, they say, fosters complacency, reduces responsiveness to constituents, and creates a toxic culture of political entitlement.

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Abuja Blackout Deepens Security Fears as Residents Slam AEDC's Silence

Residents of several communities in Abuja have expressed growing frustration and fear after a prolonged power outage plunged parts of the Federal Capital Territory (FCT) into darkness, worsening security concerns and disrupting livelihoods.

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The Business NG

Telecom Failures Put Minister Bosun Tijani Under Public Scrutiny

Once celebrated as one of Nigeria's brightest tech minds, Minister of Communications, Innovation and Digital Economy, Bosun Tijani, is now facing mounting public criticism as Nigerians question the tangible impact of his tenure.

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CBN Targets N825Bn in Final 2025 Bond and Treasury Bills

The Central Bank of Nigeria (CBN) has announced plans to raise a total of 825 billion from the domestic debt market in the final round of Federal Government securities issuance for 2025, underscoring the government's continued reliance on local borrowing amid elevated interest rates.

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1 min

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Tax Reform Countdown: SMEs Gain, High Earners Pay More

Nigeria is set to witness a historic transformation in its fiscal landscape as the Federal Government rolls out sweeping tax reforms designed to boost fairness, ease the burden on low-income earners, and stimulate business growth.

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1 min

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Naira Holds Firm as Nigeria's Forex Reserves hit $45.4Bn

The naira remained under pressure at the Nigerian foreign exchange market (NFEM), closing at 1,455 per US dollar on Wednesday, reflecting ongoing demand for dollars amid liquidity challenges.

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1 min

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The Business NG

Three Months to Recapitalisation: Weaker Banks Explore Mergers as Investors Hesitate

With just three months remaining before the Central Bank of Nigeria's (CBN) recapitalisation deadline, several weaker banks in the country are reportedly considering mergers as a strategy to strengthen their financial position and remain compliant with regulatory requirements.

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1 mins

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The Business NG

Imports Dominate as Nigerians Use Less Dangote Petrol

- Report

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1 min

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The Business NG

CAC PoS Registration Directive Sparks Industry Rift Ahead of 2026 Deadline

The Corporate Affairs Commission's (CAC) latest compliance directive for Point of Sale (PoS) operators has ignited sharp divisions within Nigeria's mobile money sector, raising concerns about a potential regulatory showdown that could reshape agent banking in the country.

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1 min

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The Business NG

Civil Defence Can Protect VIPs' — Tinubu Insists on Ending Police Escorts

President Bola Tinubu has reaffirmed his directive ordering the withdrawal of police officers attached to very important persons (VIPs), insisting that the police must return to their primary duty of protecting citizens and strengthening security across communities.

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1 min

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The Business NG

Cross River, Benue Top FAAC Receivers Despite Minimal VAT Contribution in October 2025

The latest revenue allocation data from the Federation Account Allocation Committee (FAAC) reveals a stark contrast between states' contributions to the Value Added Tax (VAT) pool and the amounts they received in October 2025.

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1 min

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