Despite Tight Monetary Policy, Nigeria’s Money Supply Hits N133.25trn   Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of Nigeria maintaining a benchmark Monetary Policy Rate at 26.5 per cent. This underscores continued growth in liquidity...

Lagos Lawmakers Pass N200bn Bond, FAAC Financing Bill Scheme   The Lagos State House of Assembly on Thursday approved the state government’s request to issue a N200bn bond and participate in the Federation Account Allocation Committee (FAAC) Receivables Discounting Programme to finance critical infrastructure projects across...

Reps Demands Beneficiary List of N34trn Customs Duty Waiver   The House of Representatives Committee on Finance has directed the Nigeria Customs Service to provide a comprehensive breakdown of the approximately N34tn worth of import duty waivers granted in 2025, demanding details of the beneficiaries, the...

FG Approves N3.6bn Skills Devt Fund for Artisans   The Federal Government has approved N3.6bn to support tailors under the Industrial Training Fund’s Skill Up Artisans Programme as part of efforts to strengthen Nigeria’s informal sector, create jobs and produce globally competitive artisans. The Director-General and Chief...

Power Sector Loses N2.6bn to Transmission Faults in 3 Months   Nigeria’s electricity transmission losses cost the power sector an estimated N2.61bn in the first quarter of 2026 as the Transmission Company of Nigeria failed to meet the loss target set by the Nigerian Electricity Regulatory...

FG Targets N30trn Mining Sector Through Major Reforms   The Federal Government on Thursday reaffirmed its ambition to expand Nigeria’s solid minerals industry 25-fold to about N30trn, equivalent to approximately $21bn, by 2030, as reforms in the sector continue to attract fresh investments and significantly increase...