The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months,…
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Banks make N209bn from account maintenance fees in three months
Nigerian banks earned a combined N209.18bn from account maintenance charges in the first quarter of 2026, representing a 14.07 per…
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Discos earn N600bn in three months despite blackouts
Electricity Distribution Companies in Nigeria collected about N600bn (N597.55bn) from consumers in the first quarter of 2026, according to the…
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Nigeria’s blackout persists despite $3.6bn W’Bank loans – Report
Nigeria’s electricity sector has received at least $3.653bn in World Bank-backed funding over the past 24 years, yet millions of…
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Petrol Price soars 643% in Nigeria in three years
The price of Premium Motor Spirit (petrol) has risen from about ₦175 per litre in May 2023 to between ₦1,300…
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2027 polls: CBN targets N2.83tn cash in private hands
The Central Bank of Nigeria has unveiled an ambitious plan to bring about N2.83tn currently held outside the banking system…
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Nigeria’s GDP growth rate slows to 3.8% – NBS
The National Bureau of Statistics, NBS, said Nigeria’s Gross Domestic Product, GDP, growth rate slowed to 3.89 percent year-on-year in…
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Airlines risk disruptions as NCAA enforces debt sanctions
The Nigeria Civil Aviation Authority has placed 11 domestic airlines on its updated “No-Pay-No-Service” list over unpaid statutory charges. The…
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Chinese investors may acquire 51% stake in PH, Warri refineries
The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake…
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