Debt Servicing: Eight States to Pay N424bn in 2025 Eight states are to pay a combined N424.28bn in debt service and to borrow N1.21tn over the next two years, with financial commitments slated for 2025 and 2026. According to the states’ medium-term fiscal frameworks, the eight...

FG Permits Versities, Defence Academy to Generate Electricity  The Nigerian Electricity Regulatory Commission has permitted six Nigerian universities and the Nigerian Defence Academy to generate captive electricity. Also, Nigerian Breweries Plc got the approval to generate captive power in its offices located in Abia, Oyo, and...

The China Development Bank (CDB) has approved a 245 million euro ($254.76 million) loan to support the construction of the Kano-Kaduna railway project in Nigeria. 

In the third quarter of 2024, the demand for foreign exchange decreased significantly, mainly because of a notable reduction in invisible transactions. 

According to a new report by Reuters, Dangote Petroleum Refinery retained 13 per cent of Nigeria’s crude oil exports as domestic supply in 2024.

Tension Rises Over Exclusion Of North-Central In N2.4trn Regional Commissions' Budget The 2025 budget of N2.4 trillion for regional commissions has sparked widespread outrage, particularly over the exclusion of the North-Central geopolitical zone. The budget includes significant allocations for other regions but left out the North-Central,...