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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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Niger Delta Governors Face Scrutiny Over Misuse of 13% Derivation Funds

Former federal lawmaker Farah Dagogo has accused Niger Delta governors of mismanaging the 13% derivation funds, leaving oil-producing communities in poverty despite the influx of billions of naira.
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Ibikunle Amosun Denies Contract Breach Claims, Accuses Utomi of “Entitlement Mentality”

Amosun refutes Pat Utomi's contract breach claims, accusing him of "entitlement mentality" and inviting a public inspection of the project site.
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Fuel Crisis Deepens: NNPC Cites Distribution Issues as Prices Skyrocket

Fuel shortages persist for six weeks, NNPC cites distribution issues, and prices hit N950 per liter, leaving Nigerians frustrated.
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Utomi, Ex-Gov Amosun Clash Over N200M Lost Investment Deal

Pat Utomi and ex-Governor Amosun dispute a failed investment, with accusations of revoked contracts and entitlement mentality.
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Nigeria Wastes Enough Gas to Power 3 Million Homes

Nigeria wastes enough gas annually to power three million homes, a glaring inefficiency in a country with ongoing energy challenges.
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SERAP Demands Transparency in NASS Running Costs, Threatens Legal Action

SERAP calls on the National Assembly to disclose NASS running costs, urging an end to financial mismanagement and threatening legal action for non-compliance.
Business

Nigeria to Issue $500M Bond as Capital Importation Data Awaits Release

Nigeria will auction its first $500 million domestic dollar bond as the NBS prepares its Q2 2024 capital importation report.
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Petrol Shortages Persist Despite NNPC’s Assurances of Supply

Petrol shortages persist in Nigeria despite NNPC's claims of increased supply, causing long queues and frustration as the crisis impacts daily life.
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 NJC to Recommend Kekere-Ekun as Next Chief Justice Today

The NJC is set to recommend Justice Kudirat Kekere-Ekun as Nigeria's next Chief Justice, with her name to be forwarded to President Tinubu for approval today.
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Nigeria Fights Paris Court Seizure of Presidential Jets in Legal Dispute

Nigeria battles in Paris court to reclaim seized presidential jets amid a $60 million dispute with a Chinese company.
Business

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.
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Nigeria Boosts Mpox Surveillance at Border Entry Points

Nigeria ramps up mpox surveillance at border entry points with new screening measures and public awareness campaigns to prevent potential outbreaks.
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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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