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The Nigerian government has initiated the repayment of its N3.3 trillion legacy debt to power generation companies. Transcorp's CEO views this as a significant advancement for the power sector.
Nigeria's Accountant-General has indicated that the country might reject World Bank loans due to ongoing delays in approval and disbursement. These delays are seen as detrimental to achieving project objectives.
The Trade Union Congress (TUC) has proposed a production subsidy for Dangote Refinery and others to reduce petrol prices. This comes as petrol costs have surged from ₦800 to ₦1,300 amid ongoing geopolitical tensions.
The Accountant-General of Nigeria cautions that delays in World Bank loan approvals could lead to Nigeria reconsidering its loan agreements. This warning highlights the importance of timely financial support for the country's development plans.
Nigeria's power plants operated at only 31% capacity in April, highlighting ongoing issues in the electricity sector. The gap between installed capacity and actual power availability remains a significant challenge.
Police and military forces in Sokoto foiled a bandit attack, leading to a successful kidnap rescue of five victims and the recovery of their vehicle.
Nigeria did not participate in the initial zero-tariff shipments to China, which were embraced by other African nations. This absence highlights Nigeria's missed opportunity in leveraging trade benefits under this policy.
Ondo State has launched a 1,000 hectare coffee plantation initiative, which Governor Lucky Aiyedatiwa calls historic. This project aims to enhance Ondo's role in coffee production.
Nigerian banks are projected to boost lending growth above 20% by 2026 due to improved capital positions from a recent recapitalisation. This positive outlook reflects the strengthening of the banking sector.
A Lagos logistics firm highlights the challenges of establishing a digital economy due to inadequate foundational systems. The article emphasizes the importance of robust identification processes for job applicants.
Abuja residents are facing frustration due to a scarcity of dispenser-bottled water across various districts. Supermarkets and vendors report low supplies, attributed to disruptions in production and supply chains.
The Central Bank of Nigeria has withheld approval for certain bank dividends to ensure compliance with the Banks and Other Financial Institutions Act (BOFIA). This decision impacts investors as it may affect their expected returns from these banks.
Nigerians are struggling with rising transport costs exacerbated by international conflicts. This situation is putting significant pressure on employees across the country.
A court martial over last year's foiled coup plot in Nigeria is expected to get underway Friday, two weeks after the judges were sworn in. The post What to know about court martial over 2025 coup plot appeared first on Vanguard News.
Ghana plans to raise $1 billion from local investors to finance cocoa purchases for the upcoming season. This move aims to strengthen the country's cocoa industry and boost economic growth.
An NYSC corps member in Jalingo constructs an innovative eco-friendly toilet using 3,500 recycled plastic bottles to solve school sanitation issues.
Cross River State’s revenue service seals the Basin Development Authority and a federal hospital over N154 million in unpaid tax debts and liabilities.
The Nigerian-British Chamber is advocating for significant investments in agricultural export infrastructure to address food insecurity. They emphasize the need for decentralized supply chains and improved farmer productivity ecosystems.
Dangote Refinery has reduced the ex-gantry price of petrol by N75, bringing it down to N1,200 per litre. This price adjustment reflects ongoing changes in the fuel market.
Global energy markets are facing challenges due to the ongoing conflict in Iran, which is disrupting oil supplies. The head of the IEA warns that this situation could lead to significant instability in energy prices.
Nigeria has designated 5 million hectares for livestock development to attract private investors. This initiative aims to enhance the sector's economic potential and establish Nigeria as a key player in Africa's livestock market.
Ethiopia's inflation rate has surged back to double digits after five months. This rise is attributed to increasing fuel costs.
By Udeme Akpan, Energy Editor & Ediri Ejor Crude oil prices including Nigeria’s Bonny Light has dropped significantly to $98 per barrel amid growing speculation that the US-Iran war — a major factor driving the current market instability — may soon come to an end. But c...
The Nigerian Naira showed stability against the US Dollar on May 8, 2026, in both official and parallel markets. Traders are closely observing forex liquidity and Central Bank actions.
As part of its commitment to innovation, sustainability, and delivering high-performance packaging solutions while promoting environmental responsibility, Beta Glass Plc has released its unaudited interim results for the first quarter ended March 31, 2026. The company reported a ...
The African Development Bank has approved a $61 million financing package to support women-owned businesses in Nigeria. This initiative aims to enhance economic opportunities for women entrepreneurs in the country.
• How FG failed to explore local capacities of Conoil, Seplat, First E&P, Renaissance, others •Dele Oye says selected Chinese firms lack technical, financial capacity •Urges national oil firm to
Kayode Tokede The Director General, Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has stressed that capital market regulation must be ahead of market disruption not behind it Agama who
• Facilities to service key markets across the globe Goddy Egene Sunbeth Global Concepts Limited, one of Nigeria’s largest cocoa exporters, has announced plans to establish a 70,000-metric tonne capacity
Vice President Kashim Shettima highlights the Tinubu government's efforts to strengthen subnational economies through reform initiatives. He emphasizes the significance of the Nasarawa investment summit and the Lafia declaration as a commitment to economic development.