GenCos Reject Presidency's N2.8trn Debt Deal
The Association of Power Generation Companies (GenCos) has firmly rejected claims by Presidency sources that N2.8tn constitutes a newly verified and final settlement of legacy debts owed to electricity generation companies, describing the assertion...
Inferno at Lagos Int'l Airport Grounds Travellers
A fire outbreak at the old terminal of the Murtala Muhammed International Airport, Lagos, on Monday disrupted flight operations, stranded passengers, and triggered diversions, compounding travel delays and operational uncertainty across airlines.
It was...
JUST IN: CBN Cuts Interest Rate to 26.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has reduced the Monetary Policy Rate (MPR) to 26.5 per cent, marking the second rate cut in five months.
The decision was...
Nigeria Sees 566% Surge in Capital Inflows, Hits $2.23bn
Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, findings have shown.
This figure represents a 566.02 per cent surge compared to the same...
PENGASSAN Slams Tinubu's Oil Revenue Executive Order
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday rejected President Bola Tinubu’s newly signed Executive Order mandating the direct remittance of oil and gas revenues to the Federation...
FG Pushes 70% of 2025 Capital Budget to 2026
The Federal Government has said it will implement 30 per cent of the 2025 capital budget before the end of November, as part of measures to fast-track project execution and clear...
