Tinubu Sets Up Panel to Resolve ₦1.5tn Contractor Debts President Bola Tinubu expressed “grave displeasure” over the backlog of unpaid federal contractors and set up a high-level committee to resolve the bottlenecks and fund repayments. Briefing State House correspondents after the...

Tinubu Sends 2026–2028 Fiscal Plan to Reps President Bola Tinubu transmitted the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives for consideration and approval. The President’s letter on Wednesday, read during plenary by Deputy Speaker...

Yuletide Rush Pushes Naira Lower Across FX Markets on Dec 10 Festive-season demand continued to weigh on the naira on Wednesday, December 10, as the currency weakened against the U.S. dollar across both the parallel market and the Nigerian Foreign...

FG Commences ₦4tn Debt Repayment to GenCos via Bond Issuance The Federal Government has begun the process of repaying the N4tn debt owed to Power Generation Companies with the launch of a N590bn first-tranche bond issuance. The initial tranche, part of...

NNPCL Achieves 36-Year Production Record with 355,000bpd Output The Nigerian National Petroleum Company’s upstream subsidiary, NNPC Exploration and Production Limited, has recorded its highest daily crude oil production in more than three decades, hitting 355,000 barrels per day on December...

Nigeria to Achieve Its Strongest Economic in a Decade — Rewane Economist and Managing Director of Financial Derivatives Company (FDC), Bismarck Rewane, has projected that Nigeria could enter 2026 on its strongest economic footing in more than a decade. The boom,...