Reps Intensify Oversight, Request Daily Updates on Alaoji Plant The House of Representatives Committee on Power has directed the contractor handling the upgrade of the Alaoji Power Plant to provide daily updates on the progress of the project as part of efforts to ensure strict...

Refiners Push for Local Crude Pricing to Stabilise Fuel Costs The Crude Oil Refinery Owners Association of Nigeria has called for the adoption of a domestic crude oil pricing framework that would allow local refineries to access crude at more realistic prices, saying such a...

External Debt Servicing Gulps $5.2bn in 2025 - Report  Nigeria spent about $5.21bn servicing external debt obligations in 2025, accounting for more than 72 per cent of the country’s total international payments during the year, data obtained from the Central Bank of Nigeria has shown. Figures...

Blackout Looms as Gas Firms Cut Supply Over N3.3tn Debt Nigeria’s electricity crisis may worsen in the coming weeks as gas suppliers halt supply to thermal power plants over an estimated N3.3tn debt owed by power generation companies, a development that could deepen the nationwide...

FG Targets Food Security with N250bn Agric Credit, 2.15m Fertiliser Bags The Federal Government says it has deployed about N250 billion in agricultural credit and released 2.15 million bags of fertiliser to support farmers and boost food production across the country. The Minister of State for...

Reps Direct FAAN to Recover Foreign Airlines’ N18.9bn Debt The House of Representatives Committee on Finance on Tuesday gave the Federal Airports Authority of Nigeria (FAAN) two weeks to recover the over N18.98billion debt foreign airlines owed the country. Chairman of the Committee, Hon. James Abiodun...