Nigeria’s Debt to World Bank’s IDA Rises $18.7bn Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $1.9bn in just one year to reach $18.7bn as of December 31, 2025, new financial data released by the institution show. According to...

‘Institutionalised Extortion’ Allegations by NLC False, Misrepresent Facts - GenCos The Association of Power Generation Companies (APGC) has stated that allegations by the President of the Nigeria Labour Congress (NLC), Comrade Joe Ajaero, claiming electricity Generation Companies GenCos are engaging in “institutionalised extortion” and make...

GenCos Decry N6tn Unpaid Electricity Bills  Power generation companies under the umbrella of the Association of Power Generation Companies have disclosed that outstanding unpaid invoices for electricity generated and supplied to the national grid have surged to about N6tn, raising fresh concerns over the sustainability...

Tinubu Signs Executive Order Mandating Direct Remittance of Oil, Gas Revenues to Federation Account President Bola Tinubu has signed a sweeping executive order directing the immediate remittance of oil and gas revenues to the Federation Account, in a move aimed at curbing revenue leakages, eliminating...

Prof. Pantami Applauds Nigerian Software Engineering Scholar After Successful PhD Defence in Egypt Professor Isa Ali Ibrahim Pantami, Nigeria’s former Minister of Communications and Digital Economy, has commended the academic resilience and technical ingenuity of Ahmad Ahmad Muhammad, a Kano State indigene who successfully defended...

Tinubu Seeks Fairer Financial System for African Nations President Bola Tinubu has called for a fairer global financial system, arguing that African countries face disproportionately high borrowing costs due to what he described as persistent misjudgement by dominant international credit rating agencies. Writing in an opinion...