AfDB Provides $650m Annual Economic Boost to Nigeria   The African Development Bank Group has approved a new five-year Country Strategy Paper for Nigeria, committing about $650m annually between 2025 and 2030 to drive economic transformation, build resilience, and foster broad-based prosperity. The Bank disclosed this in...

CBN Governor Hit with N220m Contempt Suit   Central Bank of Nigeria Governor, Olayemi Cardoso, and the CBN’s Director of Legal Services, Salam-Alada Kofo, have been sued for contempt of court at the Federal High Court in Abuja over their alleged refusal to comply fully with...

FG to Settle N2trn Debt Owed to GenCos by December   The Minister of Power, Adebayo Adelabu, has announced that the government has outlined plans to offset N2trn out of the N4tn debt owed to power generation companies by the end of the current year. He said...

NDPHC Commits N500bn to Enhance Transmission Infrastructure   The Niger Delta Power Holding Company (NDPHC) has disclosed that it has invested over N500bn in transmission infrastructure across the country. The Managing Director/Chief Executive Officer of the company, Jennifer Adighije, stated this during an inspection of the 330/132/33kV...

Dangote Foundation Provides N16bn Food Support to Abuja, Kogi   The Federal Capital Territory, Abuja, and the Kogi State Government have received food donations from the Aliko Dangote Foundation, as part of the N16bn Annual National Food Intervention programme launched last month. Speaking at the recent flag-off...

Customs Foils N8.6bn Tramadol Smuggling Attempt at Abuja Airport   The Nigeria Customs Service (NCS), Federal Capital Territory (FCT) Command, has intercepted a large consignment of tramadol valued at over N8.6 billion at the Nnamdi Azikiwe International Airport. Unveiling the seizure, Comptroller Olumide Adebisi condemned the actions...