Tinubu Unveils N4tn Power Sector Rescue Plan, Targets Improved Electricity Supply ‎ ‎President Bola Ahmed Tinubu has unveiled a fresh N4 trillion intervention plan aimed at revitalising Nigeria’s struggling electricity sector, describing reliable power supply as a critical component of his administration’s economic transformation agenda. ‎ ‎Speaking during...

FG Commits Record N5.41tn to Security as Tinubu Intensifies War Against Terror   ‎ ‎President Bola Ahmed Tinubu has disclosed that the Federal Government has earmarked a record N5.41 trillion for defence and security in the 2026 budget, underscoring his administration's determination to intensify the fight against...

Telecoms Add $220bn to Africa’s GDP – Report   The telecommunications sector contributed $220bn to Africa’s economy in 2024, equivalent to 7.7% of GDP, according to the GSMA Mobile Economy Africa 2025 report. Speaking at a telecoms policy event in Kinshasa attended by President Félix Tshisekedi, Airtel...

Customs Seize ₦1.3bn Smuggled Vegetable Oil   The Nigeria Customs Service (NCS) says it seized ₦1.314bn worth of smuggled vegetable oil products across 2025 and 2026, as part of intensified efforts to curb illegal imports and protect local industries. Comptroller-General Adewale Adeniyi disclosed the figures during a...

CBN Increases Foreign Tuition Limit to $25,000   The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained in the CBN...

FG, World Bank Restructure $500m Education Programme   The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme, cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted...