Hafsat Ibrahim

National Grid Collapses Second Time in 2026

Nigeria’s national electricity grid suffered another collapse on Tuesday morning, plunging several parts of the country into darkness.

FG Allocates N580m for Airport Chillers, Software Upgrades

The Federal Government has allocated N580m for the procurement of chillers and software upgrades at airports.

Inflation Erases N2.8tn from Workers’ Pay in One Year

The real value of employees’ earnings fell sharply by about N2.79tn in 2024 to N25.48tn, indicating that workers became poorer as inflation wiped out gains from higher nominal pay, data from the Central Bank of Nigeria show.

Reports Show Africa’s FDI Plummet 38% in 2025

Africa struggled to attract Foreign Direct Investment (FDI) in 2025 as inflows fell by 38 percent, even as global FDI rebounded by 14 percent, according to preliminary estimates by the United Nations Conference on Trade and Development (UNCTAD).

Nigeria to Become Africa’s Second Commercial Cloves Producer

Nigeria is set to become Africa’s second commercial cloves producer as 74,000 farmers prepare to join the maiden nationwide cloves farming initiative ahead of the 2026 wet season.

Private Sector Credit Rises to N75.8trn in December 2025 – CBN

The data was released by the Central Bank of Nigeria (CBN) as part of its latest monetary and credit statistics.
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