Monetary

DisCos Deploy 130,209 Meters Through N49bn Funding Scheme

DisCos Deploy 130,209 Meters Through N49bn Funding Scheme   Not less than 130,209 meters were installed by electricity distribution companies under the Meter Acquisition Fund framework, even as the Federal Government invested N49bn in the MAF between 2024 and 2025. Reports and documents from the Nigerian Electricity...

FG Pays Out N396.7m Insurance Claims to Farmers

FG Pays Out N396.7m Insurance Claims to Farmers   In a move aimed at shielding Nigeria’s fragile food system from climate shocks, the Federal Government, through the Presidential Food Systems Coordinating Unit, has partnered with Leadway Assurance and PULA Advisors to disburse N396.7m in insurance claims...

Tinubu Okays N17bn Developmental Fund for 8,804 Wards

Tinubu Okays N17bn Developmental Fund for 8,804 Wards   The federal government has approved the establishment of a Community-Based National Social Action Fund Taskforce to drive grassroots development and accelerate socio-economic improvements across Nigeria’s 8,804 wards. A statement signed by the Assistant Director, Information and Public Relations,...

Tinubu Slashes Domestic Airlines’ Debts by 30%

Tinubu Slashes Domestic Airlines' Debts by 30%   Festus Keyamo, minister of aviation and aerospace development, says President Bola Tinubu has approved a 30 percent discount on debts owed by domestic airlines to aviation agencies. This means domestic airlines will pay 30 percent less of the amount...

Nigeria Secures $425m Investment to Boost Solar Manufacturing

Nigeria Secures $425m Investment to Boost Solar Manufacturing Nigeria has attracted about $425m in investments in 2025 for the establishment of eight renewable energy manufacturing facilities as part of efforts to scale up local production of solar panels and position the country as a regional...

Amid Grid Failures, Presidency Budgets N10bn for Villa Solar Project

Amid Grid Failures, Presidency Budgets N10bn for Villa Solar Project   Nigeria’s electricity sector is once again under intense scrutiny as the masses question the Federal Government’s ability to deliver on its promise of a stable power supply to all Nigerians within a single four-year term,...