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Insecurity and Power Shortages Continue to Challenge Nigerian Businesses — CBN

KEY POINTS Insecurity and erratic power supply remain the top operational constraints for Nigerian businesses, followed by taxes, high interest rates, and financial challenges. Business confidence is improving, with optimism in industry, agriculture, and services sectors, and expectations of higher employment and expansion in...
Business

Nigeria Seeks $150 Billion to Boost Vaccine Procurement for 2026

KEY POINTS Nigeria plans to raise nearly $150 billion for vaccine procurement in 2025 and 2026 to strengthen its health sector and reduce dependence on foreign aid. Federal health spending has risen sharply, with allocations now at 5.2 per cent of the national budget...

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Petrol Prices Soar as Scarcity Grips Nigeria, Transport Costs Surge

Nigeria's fuel scarcity deepens as petrol prices reach N780/litre, leading to soaring transport costs and widespread economic strain.
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Nigeria’s Rusty FX Market Struggles to Rebound

Nigeria’s FX market faces ongoing challenges, with liquidity shortages and volatility threatening economic recovery despite government interventions.
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 Bandits Abduct Kaduna Village Chief’s Family in Night Raid

Bandits in Kaduna State abducted the wife and children of Galadimawa's village head in a night raid, escalating security concerns in the region.
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Nigeria Cuts COP29 Costs, Saving N10 Billion in Government Spending

Nigeria slashes COP29 expenses by N10 billion, reducing delegation size and enhancing transparency to address public concerns.
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Nigerian Electricity Workers Threaten Nationwide Blackout Over Union Leader’s Arrest

NUEE warns of a power sector shutdown if labor leader Joe Ajaero is arrested on controversial charges.
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Oil Producers Oppose Mandatory Crude Sales to Local Refineries

Oil producers in Nigeria are pushing back against a government proposal requiring mandatory crude sales to local refineries, citing concerns about profitability and existing contracts.
Business

Tinubu Committee and Dangote Refinery Agree on September Petrol Rollout

Nigeria's government and Dangote Refinery agree on September petrol rollout, shifting crude oil sales to naira.
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NLC President Ajaero Defers Police Invitation Over Prior Engagement

NLC President Joe Ajaero defers his appearance at the police headquarters due to prior commitments, with lawyer Femi Falana demanding details on terrorism financing allegations.
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Presidency Unveils New Presidential Jet to Replace Aging Aircraft

Nigeria reveals a new Airbus A330 as its presidential jet, promising reduced costs and enhanced safety, marking a major fleet upgrade.
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Pastor Ashimolowo Loses N200M in Bank Shares, Warns Against Investments

Pastor Ashimolowo reveals N200M loss in Nigerian bank shares, urging caution and recommending real estate as a safer investment.
Business

NNPC Pledges 221,000 BPD to Finance $6.6 Billion Debt

NNPC pledges 221,000 bpd to service a $6.6 billion debt, aiming to stabilize Nigeria’s energy sector and meet financial obligations.
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Police Summon NLC Leader Ajaero Over Alleged Terrorism, Treason Charges

Police summon NLC leader Joe Ajaero for questioning on serious charges, sparking concerns of government intimidation and suppression.
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Business

Insecurity and Power Shortages Continue to Challenge Nigerian Businesses — CBN

KEY POINTS Insecurity and erratic power supply remain the top operational constraints for Nigerian...
Business

Nigeria Seeks $150 Billion to Boost Vaccine Procurement for 2026

KEY POINTS Nigeria plans to raise nearly $150 billion for vaccine procurement in 2025...
News

AAC Condemns FCT Minister Over Mobile Phone Ban for Workers

KEY POINTS The AAC FCT Chapter condemned Wike’s directive banning mobile phone use by...
News

Namu Community Gets Power After 20 Years

The Namu solar project ends over 20 years of darkness, bringing electricity and new economic opportunities to rural Plateau State

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