The Federal Government has reduced the price of natural gas supplied to power generation companies in a move to ease the financial burden affecting the electricity sector. This new pricing …
EconomyEnergyGOVERNMENTOil & GasPolicies
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GOVERNMENT
- EconomyGOVERNMENTInfrastructureTransportation & Logisitics
Delay Hits $700m Lagos Port Rehabilitation Project Despite Secured Loan
The much-anticipated $700 million port rehabilitation project for Apapa and Tincan Island Ports in Lagos, which was expected to begin in the second quarter of 2025, has been delayed once …
- GOVERNMENTLabourNigeriaWestern Africa
PCC, PTAD Join Hands to Solve Pension Complaints, Educate Retirees
The Public Complaints Commission (PCC) has promised to support the Pension Transitional Arrangement Directorate (PTAD) in creating more awareness among pensioners under the old Defined Benefit Scheme. This move is …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
Nigeria’s Crude Oil Output Drops Again As Prices Fall, Budget Under Threat
Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …
- AFRICA NEWSBusinessBusiness and EconomyEastern AfricaEconomyEthiopiaGOVERNMENTINVESTMENT
Ethiopian Government Issues 40 Permits to Foreign Firms in Retail and Trade Sectors
The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …
- Business and EconomyEconomyEnergyFinance & ServicesGOVERNMENTNigeriaOil & GasWestern Africa
Fitch Raises Nigeria’s Credit Rating After Key Economic Reforms
International credit rating agency, Fitch Ratings, has upgraded Nigeria’s long-term foreign-currency rating from ‘B-‘ to ‘B’, changing the country’s outlook from negative to stable. This announcement was made in a …
- AfricaEconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaTrade and CommerceWestern Africa
Afreximbank Disbursed $50bn to Nigeria in 10 Years – Oramah
The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has said that the bank has disbursed about $50 billion into the Nigerian economy over the past ten years. …
- AviationBusiness and EconomyEconomyGOVERNMENTLabourNigeriaWestern Africa
Aviation Unions Threaten Strike Over Unfulfilled Agreement with NiMet
Three major aviation unions in Nigeria have threatened to resume a suspended strike over alleged breaches of agreement by the Nigerian Meteorological Agency (NiMet). The unions, in a jointly signed …
- AgribusinessAgricultureBusiness and EconomyGOVERNMENTInfrastructureNigeriaWestern Africa
FG Launches Agro-Processing Zones to Boost Food Security, Farmers’ Income
Stakeholders in Nigeria’s agricultural sector have expressed strong support for the Federal Government’s launch of the Special Agro-Industrial Processing Zones (SAPZ), describing the initiative as a major step toward food …
- BusinessBusiness InsightsDevelopmentEconomyGOVERNMENTPoliciesTransportation & Logisitics
NPA Boss Urges Traders to Tap into Simplified Export Processes
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has called on Nigerian traders, exporters, and entrepreneurs to take advantage of the newly simplified export processes put …