Economy

Nigeria’s insurance industry is entering a new phase of regulatory reform after insurers raised more than N1.08 trillion in fresh capital during a 12-month recapitalisation exercise. The next major step …

Nigeria’s three-year economic reform programme is entering a crucial stage as the government focuses on ensuring that the gains achieved through major policy changes can be sustained and used to …

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 …

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 …

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 …