World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this sum, Adelabu said Nigeria will...

Crude Oil Revenue Increases by N91bn in June – FG The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn in the same month. Latest oil production data obtained from the Nigerian Upstream Petroleum Regulatory Commission,...

EXCLUSIVE: Supreme Court Ruling; Many Governors in Alleged Last-minute Devouring of LGA Funds The last may not have been heard of the Supreme Court ruling that granted autonomy to Local Government Councils recently. There are allegations that many governors are rushing to introduce all manners of...

The National Assembly has been presented with a request from President Bola Ahmed Tinubu to approve a staggering N6.2 trillion increase to the 2024 budget. 

The British International Investment (BII), the UK’s development finance institution and impact investor, has just committed $50 million to Access Bank. 

Inflation Increases to 34.19% Amid Soaring Food Prices Nigeria’s inflation rate increased to 34.19 percent in June 2024 from 33.95 percent in May. The data is captured in the National Bureau of Statistics (NBS) in its consumer price index (CPI) report for June, released on Monday. The...