Saudi, Nigeria $5bn Crude Agreement Stalls as Price Declines A new crude-for-loan deal between the Federal Government and Saudi Arabian oil company Aramco, worth $5bn, has stalled and is struggling to reach an agreement following the recent decline in crude...

World Bank Retains Nigeria’s Growth Outlook at 3.6% The World Bank has reiterated its projection that the Nigerian economy would grow by 3.6 per cent in 2025 despite the shift in the global trade dynamics. This was disclosed in its twice-yearly...

World Bank Warns of Weakest Global Growth Since 2008 The World Bank has projected that heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global...

FG Risks Losing $10m World Bank Loan Over Audit Failures The federal government is expected to forfeit $10 million from a World Bank credit due to audit shortcomings, delays in launching a national budget portal, and slow implementation of a...

FG Unveils New Power Substation in Borno Vice President Kashim Shettima has commissioned a new 1×7.5MVA 33kV/11kV distribution injection substation at Borno State University, a project executed by the Niger Delta Power Holding Company (NDPHC). A statement by NDPHC’s Head, Corporate...

SEC to Firms: Honour Unclaimed Dividend Demands The Securities and Exchange Commission has directed all public companies and registrars to stop treating unclaimed dividends older than 12 years as “statute-barred”—especially those dating from before the enactment of the Finance Act...