Hafsat Ibrahim

FG Inaugurates PenCom Board as Pension Assets Cross N28trn

The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom), tasking members to safeguard over ₦28tn in pension assets under the Contributory Pension Scheme.

Crude Oil Earnings Fall 14% to $31.5bn in 2025

Nigeria earned $31.54bn from crude oil exports in 2025, according to the Central Bank of Nigeria’s Balance of Payments report, marking a 14.41% decline from $36.85bn in 2024.

EU Commits €288m to Healthcare, Agriculture, Digital Growth in Nigeria

The European Union has announced a €288 million support package for Nigeria, targeting healthcare, agriculture, finance, migration, climate, and digital public infrastructure.

REA Disburses N3.2bn for Bauchi Mini-Grids

The Rural Electrification Agency (REA) has disbursed ₦3.2bn to Zanoplus for the deployment of solar mini-grid projects across Bauchi State, marking another step in its mission to expand energy access in underserved communities.

‎Unstable Power Grid Drains Up to N10trn Annually from Nigeria’s Economy – CPPE

‎Nigeria’s fragile electricity supply is costing the economy as much as N10 trillion every year, the Centre for the Promotion of Private Enterprise (CPPE) has warned, raising fresh concerns over the country’s structural exposure to energy-driven inflation.

Experts Divided Over $991m UK Export Finance Deal for Nigeria’s Ports

Economists and policy analysts are sharply divided over the real benefits of the £746 million (about $991 million) export finance guarantee extended by the United Kingdom to Nigeria for the rehabilitation of key port infrastructure in Lagos.
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