FG, Gencos Bicker Over Electricity Debt Reconciliation The Federal Government and power generation companies have disagreed over the reconciliation of debts in Nigeria’s electricity market, with both sides offering differing accounts of the actual liabilities owed to the GenCos. The Minister of Power, Adebayo Adelabu, said...

FG Rolls Out Rice Farming Initiative, Deploys Officials to 13 States Presidency has deployed state coordinators across 13 pilot states to strengthen intelligence gathering on agricultural production patterns, following an earlier mass abandonment of rice cultivation by over 3,500 farmers who recorded cumulative losses estimated...

Dangote Refinery Denies IPO Speculation, Warn Against Unverified Reports Dangote Petroleum Refinery and Petrochemicals has clarified that it has not announced any Initial Public Offering (IPO) for its listing, warning the public against relying on speculative reports circulating across media and social platforms. In a statement...

Pharma Export Earnings at Risk as Middle-East Tensions Escalate - MAN Nigeria’s chemical and pharmaceutical manufacturers face the highest risk from the ongoing US–Israel–Iran conflict, the Manufacturers Association of Nigeria (MAN) has warned, citing their heavy exposure to global oil price shocks and export dependence...

CBN Sees Economic Shift as Inflation Eases, Reserves Hit $50bn The Central Bank of Nigeria (CBN) has signalled a gradual economic reset, attributing improvements in inflation, foreign reserves, and investor confidence to its monetary and financial sector reforms. Speaking at the CBN Special Day during the...

32 Banks Meet Recapitalisation Requirements Ahead of Deadline - CBN The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, on Thursday disclosed that 32 banks have already met the new capital requirements under the ongoing recapitalisation programme, ahead of the March 31, 2026...