GenCos Warn N7tn Fresh Power Sector Debt Could Undermine Recovery Efforts
Nigeria's electricity generation companies have warned that fresh liabilities estimated at more than N7tn could accumulate and undermine efforts by...
Oyinkansola Lemo
FG Rejects Claims of N80tn Fresh Borrowing, Says Debt Figures Reflect Revaluation
The Federal Government has rejected reports that the administration of President Bola Tinubu has incurred about N80tn in fresh public...
Liberia, Nigeria Deepen Economic Partnership as Investors Seek New Opportunities
Liberia and Nigeria have reaffirmed their commitment to strengthening economic relations, expanding bilateral trade and attracting new investments as policymakers,...
Nigeria’s Gas Production Hits 1.43Tscf in First Half of 2026 as Non-Associated Gas Takes Lead
Nigeria's upstream gas sector recorded a significant milestone in the first half of 2026, with total gas production reaching 1.43...
Lagos, Turkey Move to Deepen Economic Partnership, Expand Trade and Investment
Lagos State has reaffirmed its commitment to deepening economic and trade relations with the Republic of Turkey, as both sides...
Middle East Tensions Push Brent Crude Above $90 per Barrel, Raising Global Inflation Fears
Global oil prices climbed above $90 per barrel on Monday as escalating military tensions between the United States and Iran...
Federal Government to Issue N729 Billion Bond to Clear Power Sector Debts
The Federal Government is set to issue a second bond valued at approximately N729 billion to electricity generation companies (GenCos)...
Nigeria’s Cooking Gas Imports Soar 1,400% as Domestic Supply Declines
Nigeria's dependence on imported Liquefied Petroleum Gas (LPG), commonly known as cooking gas, increased dramatically in June 2026 as domestic...
FG Denies Plan to Ban Raw Cocoa Exports, Prioritises Local Processing
The Federal Government has dismissed reports suggesting it plans to ban the export of raw cocoa beans, clarifying that its...
NAICOM Rules Out Extension of July 31 Recapitalisation Deadline for Insurance Companies
The National Insurance Commission (NAICOM) has reaffirmed that it will not extend the July 31, 2026 deadline for the ongoing...