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Gas Price Rises to $2.18 Per MMBtu

    The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced an upward adjustment in the Domestic Base Price of natural gas, setting the new rate at $2.18 per Million British Thermal Units effective April 1, 2026. The new pricing structure represents a five-cent increase from the 2025 rate of $2.13 per MMBtu applicable…

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New Vehicle Import Policy Mandates Pre-Shipment Certification

  The Federal Government has formally launched a new regulatory framework that bars all imported vehicles from entering Nigeria without prior certification, shifting vehicle import oversight from post-arrival inspection to mandatory pre-shipment verification. The policy, officially named the Standard Organisation of Nigeria–National Automotive Design and Development Council Vehicle Conformity Assessment Programme (SON-NADDC VehCAP), introduces a…

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Senate Clears $6bn Loans For Budget Deficit

  The Senate has granted approval for President Bola Tinubu to secure $6 billion in external loans, clearing the way for fresh borrowing to address fiscal gaps and fund rehabilitation work at Nigeria’s busiest seaports. The approval followed the consideration of a report by the Senate Committee on Local and Foreign Debts, chaired by Senator…

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Japan Tightens Citizenship Path With 10-Year Residency Rule

  The Japanese government has increased the mandatory residency period for foreign nationals seeking citizenship from five to ten consecutive years, tightening the naturalisation process under revised administrative guidelines. The new rule, which takes effect on April 1, 2026, was announced by the Justice Ministry and introduces stricter documentation requirements alongside the extended residency threshold….

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President Requests N9 Trillion Budget Hike

  President Bola Tinubu has requested the National Assembly to approve an upward revision of the 2026 Appropriation Bill by N9 trillion, raising the proposed budget from N58.4 trillion to N67.4 trillion. The request was contained in a letter read on the Senate floor on Tuesday by the President of the Senate, Godswill Akpabio, during…

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