Nigeria's monthly revenue has soared from N711 billion to over N3.6 trillion under President Tinubu's reforms, according to the NRS boss, while Peter Obi criticizes rising debt as a disaster risk.
NMDPRA CEO Saidu Mohammed cautions African policymakers against rigid fuel specification harmonisation, advocating a phased approach to reflect diverse regulatory and infrastructure realities across the continent.
Nigeria leads efforts to create an integrated African gas market, hosting a ministerial roundtable with West African nations and the World Bank to enhance cross-border infrastructure and coordination, aiming to leverage vast gas reserves for regional ener
The $700 million Cabotage Vessel Financing Fund faces threats from structural constraints and foreign firm dominance, risking increased debts for local shipowners without sectoral growth, experts warn.
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The IMF has revised Nigeria's 2026 GDP growth projection to 4.1%, down from earlier estimates, citing global energy market disruptions from the Middle East conflict. The Fund warns of rising inflation and financial pressures.
Rensource Energy has restructured with a new board and executive team, shifting to a multi-technology renewable energy platform and expanding across Africa under a 'Proven in Nigeria, Ready for Africa' strategy.
CycleFlow, powered by C2FO and backed by IFC, has launched a supply chain finance platform in Nigeria to provide affordable working capital to MSMEs, aiming to facilitate up to $30 billion in annual financing and create over 480,000 jobs.
A new report reveals Nigeria's gig economy has surpassed $5.17 billion, with ride-hailing accounting for 24% of participation. The sector provides flexible income, especially for youth, and contributes 2.8% to GDP.
Frederik Klinke of APM Terminals Nigeria calls for regulatory reforms, port modernization, and digital integration to capture East-West Africa trade growth, citing a 1,085% surge in export volumes.
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Nigeria's Minister of Steel Development, Shuaibu Abubakar Audu, has signed a $1 billion Memorandum of Understanding with India's Rashmi Metaliks Group to revitalize the nation's steel industry over three years.
Industry experts warn that Nigeria's non-oil exports face challenges from weak value addition and infrastructure gaps, limiting global trade opportunities despite record growth in volumes and earnings.
Over 80% of Nigeria's fishing vessels are grounded due to soaring fuel prices, causing fish scarcity and price hikes, with 10,000 jobs at risk, prompting calls for government intervention.
While Nigeria's macroeconomic indicators show improvement under Tinubu's reforms, poverty rates have surged to 63%, affecting 140 million citizens. This analysis reveals the disconnect between elite statistics and the harsh realities faced by ordinary Nig
An analysis of how Nigeria's Shiroro Hydroelectric Power Station, designed as a seasonal reserve, has been misused due to systemic failures in the power sector, worsening annual electricity crises.
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Enugu State launches new NG-CARES phase targeting over 3,000 rural beneficiaries with water, sanitation, and enterprise support. UNESCO commends Governor Mbah's Smart Schools initiative, pledging partnership in digital education and cultural heritage.
Despite raising N4.65 trillion in fresh capital, Nigerian banks face constraints from high interest rates and tight monetary policies, limiting their ability to drive economic development through credit expansion.
Industry experts at the West Africa Infrastructure Expo call for urgent infrastructure development to unlock Nigeria's industrial potential, citing financing gaps and intergovernmental overlaps as major hurdles.
Lekki Deep Sea Port collaborates with China's Consulate General to enhance technical capacity through a training program in China, focusing on port management and operational efficiency.
Tosin Eniolorunda, CEO of Moniepoint, partnered with ALX to host a virtual masterclass for 100 female entrepreneurs, focusing on scalable business models, financial literacy, and practical execution plans to elevate their enterprises.
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The African Refiners & Distributors Association (ARDA) warns that Africa's industrialization ambitions hinge on resilient energy supply chains, calling for urgent investments in refining, storage, and distribution infrastructure to address vulnerabilities
The Lagos State House of Assembly's proposal to relocate Makoko, Oko-Agbon, and Sogunro residents to Agbowa and Epe raises critical questions about equity, inclusion, and sustainable development. Critics argue it risks deepening poverty and insecurity, ad
The Nigerian Shippers' Council has approved a tariff adjustment of 10-20% for terminal operators and shipping companies, citing legal mandates and economic considerations to balance operational costs with national trade competitiveness.
Residents and motorists in Ogun State express frustration over the slow pace and substandard construction of the Ota-Idiroko highway, citing inadequate manpower and poor drainage. Federal officials assure completion by 2028.
As yields remain elevated in Nigeria's fixed-income market, investors are increasingly turning to Federal Government bonds to lock in attractive returns ahead of potential interest rate shifts, with coupon rates reaching up to 19%.
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NAHCO Plc declares a N12.18 billion cash dividend and 278.44 million bonus shares for 2025, with revenue and profits showing significant growth compared to 2024.
Nigeria's crude oil production increased to 1.38 million barrels per day in March 2026, marking a 5.25% rise from February but still below OPEC's quota of 1.5 million bpd.
The Lagos State Internal Revenue Service has extended the tax filing deadline to April 21, 2026, due to high traffic on its eTax platform, urging residents to comply electronically.
Mikano International Limited has strongly refuted false reports linking its Chairman, Mofid Karameh, to criminal activities, calling them defamatory and baseless.
The Nigerian Electricity Regulatory Commission has issued the Mini-Grid Regulations 2026 to accelerate electrification in underserved areas, enhance investor confidence, and regulate decentralized power systems up to 10MW.
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Nigeria has signed a $1 billion MoU with India's Rashmi Metaliks Group to enhance steel production, aiming to reduce imports and create jobs under Tinubu's reforms.
