c The Bank of England (BoE) kept its benchmark interest rate unchanged at 3.75 percent on Thursday, extending its pause for a sixth consecutive meeting. The decision came as UK …
Category:
Economy
The Federal Government, state governments and Local Government Councils shared a total of ₦2.338 trillion from the Federation Account revenue generated in August 2026. The allocation was approved at the …
The Nigerian Electricity Regulatory Commission (NERC) has directed electricity distribution companies (DisCos) to channel part of their surplus revenue towards investments in the national electricity grid. The directive followed an …
The Federal Government is considering the establishment of a nationwide call centre to enable electricity consumers to report power supply problems and have their complaints addressed. Minister of Power, Joseph …
Nigerian crude is attracting increased interest from European traders and refiners as supply disruptions affecting Saudi Arabia create gaps in the region’s oil market. Saudi Arabia has reportedly informed some …
The Federal Government has backed the launch of a 100-Day Tourism Calendar aimed at bringing together Nigeria’s festivals, concerts, cultural celebrations and lifestyle experiences on a single digital platform as …
Former President Olusegun Obasanjo has argued that Nigeria has the resources and human capital needed to build a prosperous economy and has “no business with poverty.” Obasanjo made the remarks …
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Dangote: I Don’t Want To Be Called The Richest Man In Africa
President of Dangote Industries Limited, Aliko Dangote, has said he would prefer not to be described as the richest man in Africa, saying his goal is to be recognised as …
Nigeria’s economic progress must translate into lower living costs, more jobs, higher incomes and improved living standards for citizens, the Chartered Institute of Bankers of Nigeria (CIBN) has said. CIBN …
The Federal Government’s borrowing from domestic investors surged by 90.5 per cent year-on-year to N24.7 trillion in the first eight months of 2026, compared with N12.98 trillion recorded during the …
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