The African Development Bank (AfDB) has revealed that Nigerian banks lend only 9.4% of GDP to the private sector, underscoring the limited role of financial institutions in driving business growth and economic development.
The Dangote Petroleum Refinery has accused the Federal Government and the Nigerian National Petroleum Company Limited (NNPC) of deliberately sabotaging its operations by failing to supply adequate crude oil, an allegation both the government and NNPC strongly denied.
Electricity Distribution Companies (DisCos) collected about ₦597.55bn from consumers in Q1 2026, according to the Nigerian Electricity Regulatory Commission (NERC), despite persistent blackouts and sector challenges.
The Central Bank of Nigeria (CBN) has unveiled the Nigeria Payment System Vision (PSV) 2028, a roadmap aimed at achieving 95% financial inclusion by 2028,
The Central Bank of Nigeria (CBN) has unveiled plans to bring ₦2.83 trillion currently outside the banking system into formal financial channels by 2028.
Electricity sector has received at least $3.65 billion in World Bank-backed funding since 2001, yet millions of households and businesses still face unstable power supply, frequent grid collapses, and heavy reliance on generators.
