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October 16, 2026 7:55 am
Domestic debt servicing gulps N5.28tn in six months
October 16, 2026 6:53 am
Marketers reject FG’s plan to cap petrol price
October 16, 2026 5:46 am
FG taps committee on high taxes, implement ECOWAS mandate
October 16, 2026 1:51 am
Tinubu’s NNPC order cuts deductions to N8.4tn – W’Bank
October 16, 2026 1:49 am
FG begins 17.7MW Oyo mini-grid construction
October 16, 2026 12:48 am
Helios targets Africa’s $20bn sports economy with investments
D-8 targets $500bn trade by 2030, highlights Abuja SME centre
October 16, 2026 9:08 am
FAAC allocation rises to N2.43tn as oil revenue rebounds
Business & Economy
Presidency to install 750,000 electricity meters in 2027
Business & Economy
FG, NLC clash over minimum wage talks
Business & Economy
Inflation drops to 14.63% despite rising energy costs
Business & Economy
IMF warns Nigeria against subsidy return
Business & Economy
Domestic debt servicing gulps N5.28tn in six months
Nigeria spent N5.28tn on domestic debt servicing between January and June 2026, with interest on FGN bonds and Treasury Bills taking the largest share….
Marketers reject FG’s plan to cap petrol price
Petroleum marketers have rejected the Federal Government’s plan to impose a N1,350 petrol price cap, insisting on market-driven pricing….
FG taps committee on high taxes, implement ECOWAS mandate
The Federal Government has inaugurated a committee to address high aviation taxes and ensure Nigeria’s compliance with the ECOWAS regional aviation policy….
Tinubu’s NNPC order cuts deductions to N8.4tn – W’Bank
A World Bank report says President Tinubu’s order stopping certain NNPC retentions cut Federation Account deductions from N10.1tn to N8.4tn in H1 2026….
FG begins 17.7MW Oyo mini-grid construction
The Federal Government has commenced five interconnected mini-grid projects with a combined capacity of 17.7MW in Oyo State to improve electricity access….
Helios targets Africa’s $20bn sports economy with investments
Helios Investment Partners is expanding into Africa’s sports and entertainment industries, targeting a market projected to reach $20bn by 2035….
FAAC allocation rises to N2.43tn as oil revenue rebounds
The FAAC allocation to federal, state, and local governments rose by N90bn to N2.428tn in October, driven by a rebound in oil revenue and taxes….
Presidency to install 750,000 electricity meters in 2027
The Presidency plans to install 750,000 electricity meters in 2027 under the Presidential Metering Initiative to close Nigeria’s metering gap….
FG, NLC clash over minimum wage talks
The Federal Government and the Nigeria Labour Congress have disagreed over when to begin negotiations for a new national minimum wage for Nigerian workers….
Inflation drops to 14.63% despite rising energy costs
Nigeria’s headline inflation rate fell to 14.63% in September 2026, its lowest level for the year, despite a sharp rise in energy costs, says the NBS….
IMF warns Nigeria against subsidy return
The IMF has warned Nigeria against reinstating blanket petrol subsidies, advising the government to instead provide targeted financial aid to vulnerable ho…
Electricity tariffs reflect 40% losses, inefficiencies — Presidential aide
Presidential aide on Power, Lanre Babalola, says Nigeria’s high electricity tariffs reflect about 40% operational losses and system inefficiencies….
Women accountants restate commitment to protecting girls’ rights
The Society of Women Accountants of Nigeria has restated its commitment to protecting girls’ rights through scholarships, mentorship and training….
Cloudvantage Limited is expanding its domestic cloud capacity to help Nigerian financial institutions meet the CBN’s January 2027 data localisation rule….
The European Union has committed a €14m grant to support Nigeria’s plan to deploy 90,000km of fibre-optic cable for nationwide broadband expansion….
The ongoing war in the Middle East has caused over 2 billion barrels in crude oil production outages, with 5 million bpd still offline, says Kpler….
Power: Metering hits 63%, 4.7m left out
Nigeria’s electricity metering rate reached 63.10% in August 2026, but 4.7 million customers remain unmetered, according to NERC data….
Economic reforms must protect vulnerable Nigerians – Oyedele
Finance Minister Taiwo Oyedele says economic reforms must protect vulnerable Nigerians, highlighting social measures like cash transfers to over 10m househ…
$1tn economy: Tinubu, Sanwo-Olu back transport reforms
President Tinubu and Governor Sanwo-Olu have called for an integrated transport system to drive Nigeria’s ambition of building a $1tn economy….
NEPAD urges Tinubu to sustain private sector devt across Africa
The NEPAD Business Group Nigeria has urged President Bola Tinubu to sustain efforts promoting private sector development to boost Africa’s global competiti…
FG approves new grid to curb collapses
The Federal Government has approved plans to build a new Eastern-Western electricity grid to address Nigeria’s recurring power grid collapses, says Power M…
FG seeks $78.5bn for 65 projects
Nigeria is seeking $78.5bn in private capital to finance 65 projects across critical sectors to attract investors and create jobs, officials said….
Dangote to prioritise investors with N50,000 or below in refinery IPO
Aliko Dangote says investors applying with N50,000 or less will get priority in the Dangote Refinery initial public offering to widen participation….
Shell signs deal to sell Nigerian gas business
Shell has signed an agreement to sell its entire interest in Shell Nigeria Gas Group to Nigerian energy company, Vaaris Energy Limited, pending approval….
The inaugural Climate X Culture Summit in Accra, Ghana, aims to embed sustainability into the region’s cultural and creative industries….
CPPE backs fuel relief, rejects return to petrol subsidy
The Centre for the Promotion of Private Enterprise has defended the FG’s temporary fuel price relief, arguing it is not a return to the old subsidy policy….
Poverty risks persist despite Nigeria’s economic stability – IMF
The IMF has warned that rising prices of essential goods could worsen poverty and food insecurity in Nigeria despite improved macroeconomic stability….
PenCom automates penalties for employers delaying pension remittances
The National Pension Commission has automated penalties for employers who delay remitting workers’ pension contributions to strengthen compliance….
Single Window begins phase two testing next week — FG
The Federal Government will begin testing the second phase of the National Single Window project next week to streamline export procedures, an official say…
FG urged to attract UAE funds for power grid
Energy experts have urged the Federal Government to attract funding from the United Arab Emirates to strengthen Nigeria’s electricity infrastructure….
FG targets $500m funding to strengthen climate investment, others
The Federal Government is targeting $500m in climate financing to strengthen climate-resilient infrastructure and improve adaptation measures in Nigeria….