The Minister of Power, Adebayo Adelabu, has said the Federal Government plans to pay N2 trillion out of the N4 trillion it is owing to electricity generation companies (Gencos) before …
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Economy
- BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
CBN Says Strong Banks Are Key to Nigeria’s $1 Trillion Economy Target
The Central Bank of Nigeria (CBN) has said that Nigeria needs strong, stable, and resilient banks if the country wants to achieve the $1 trillion economy target by the year …
- BusinessEconomyFinance & ServicesNigeriaWestern Africa
Inflation Hits 24.23% in March, Says National Bureau of Statistics
The National Bureau of Statistics (NBS) has announced a rise in Nigeria’s inflation rate to 24.23% for March 2025. This figure shows an increase from the 23.18% recorded in February …
- Digital EconomyEconomyGOVERNMENTNigeriaOil & Gas
Agbakoba: Over-Concentration of Power is Nigeria’s Biggest Challenge to Economic Growth
Dr. Olisa Agbakoba, a respected lawyer and former president of the Nigeria Bar Association (NBA), has warned that Nigeria’s over-centralised governance structure is preventing the country from reaching its full …
Three major aviation unions have warned the Nigerian Meteorological Agency (NiMet) that they will resume a suspended strike if the agency fails to honour the agreement signed with workers in …
- AfricaBusinessEconomyEnergyInternational RelationsOil & Gas
Nigeria’s Walcot Group wins three oil blocks in Angola
Walcot Group, a well-known Nigerian energy company, has signed a production sharing contract (PSC) with the Angolan National Agency for Petroleum, Gas, and Biofuels (ANPG). The signing took place last …
- AviationBusinessEconomyInternational RelationsTransportation & Logisitics
Keyamo announces Nigeria-Tanzania direct flight
Nigeria and Tanzania are set to improve their relationship as both countries begin moves to launch direct flights that will link the two nations by air. This was made known …
- EconomyEnergyGOVERNMENTInfrastructure
FG Says Power Grid Now More Stable as 700MW Transmission Boost Takes Effect
The Federal Government has said the country’s electricity grid is now more stable, thanks to the addition of 700 megawatts in transmission capacity. The Minister of Power, Mr. Adebayo Adelabu, …
- BusinessEconomyLeadershipManufacturingNigeria
Cutix Plc CEO Ijeoma Odunoye Bags NASME Award for Entrepreneurial Excellence
The Chief Executive Officer of Cutix Plc, Ijeoma Odunoye, has been honoured with the Most Successful Female Entrepreneur/Excellent Performer award by the Nigerian Association of Small and Medium Enterprises (NASME). …
- CorruptionEconomyGOVERNMENTNigeria
BPP Moves to Curb Procurement Fraud, Partners EFCC, ICPC, Others on Transparency Drive
The Bureau of Public Procurement (BPP) has announced new steps to strengthen transparency and accountability in Nigeria’s procurement processes through strategic collaboration with anti-corruption agencies. Director-General of the BPP, Dr. …