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    Nigeria Raises 10-Year Bond at 16.79%

    September 15, 2026

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    MarketForces Africa Β» MarketForces News Β» Reps Move to Protect Private Investments from Adversarial Unionism

    Reps Move to Protect Private Investments from Adversarial Unionism

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiOctober 21, 2025 News No Comments2 Mins Read
    Reps Move to Protect Private Investments from Adversarial Unionism
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    Reps Move to Protect Private Investments from Adversarial Unionism

    The House of Representatives says its interest is to protect strategic economic investments in the country from adversarial unionism with economic sabotage undertone.

    The house’s resolution was made following a motion under urgent national importance by Rep. Alhassan Doguwa representing Doguwa/Tudun Wada Federal Constituency, Kano State and seconded by Rep. Abdussamad Dasuki for Kebbe/Tambuwal Federal Constituency of Sokoto State.

    There was a rift between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery, Lekki Free Trade Zone, Lagos which resulted to strike action recently.

    The strike disrupted the operations at the 20 billion dollars refinery, the largest single-train refinery in the world.

    Moving the motion, the lawmaker recalled with dismay the recent nationwide strike embarked upon by the PENGASSAN which impacted negatively on the Dangote Refinery and on the nation’s economy.

    He said there is the need for national cognisance of the economic role and importance of Dangote Refinery to Petroleum production and distribution.

    The lawmaker warned against industrial actions that are capable of impeding economic development and eroding public trust.

    β€œNote that the industrial action led to a disruption in Nigeria’s crude oil production, with a reported daily loss of approximately 200,000 barrels over a period of three days.

    β€œFurther note that the disruption worsened the fuel supply situation across the country, resulting in scarcity and long queues at filling stations in several states, thereby causing severe hardship for ordinary Nigerians,” he said.

    The lawmaker who described Dangote Refinery as one operating under Nigeria Export Processing Zones Authority (NEPZA), called for compliance with the NEPZA Act.

    β€œSection 18(5) of the Nigeria Export Processing Zones Act clearly states: β€œEmployment in the Free Zone shall be governed by rules and regulations made by the Authority and not subject to the provisions of any enactments relating to employment matters.”

    The Deputy Speaker, Rep. Benjamin Kalu who presided over the plenary, referred the motion to relevant committees for further legislative action. #Reps Move to Protect Private Investments from Adversarial Unionism#

    Crude Oil, Condensate Output Drops in September, as Experts Give Reasons

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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    Nigeria Raises 10-Year Bond at 16.79%

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    Nigeria Raises 10-Year Bond at 16.79%

    September 15, 2026

    𝐉.𝐏. 𝐌𝐨𝐫𝐠𝐚𝐧 𝐋𝐒𝐬𝐭𝐬 𝐅𝐆𝐍 𝐁𝐨𝐧𝐝𝐬 𝐒𝐧 𝐍𝐞𝐰 π„π¦πžπ«π π’π§π  𝐌𝐚𝐫𝐀𝐞𝐭𝐬 𝐁𝐨𝐧𝐝 𝐈𝐧𝐝𝐞𝐱

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