The Federation Account Allocation Committee (FAAC) shared ₦2.3 trillion among the Federal Government, states, and local governments

Nigeria’s external reserves climbed by over $1 billion in the first half of June 2026, strengthening the country’s foreign exchange buffers, according to Central Bank of Nigeria (CBN) data.

The Nigerian Communications Commission (NCC) has begun reviewing interconnection rates for calls and SMS services, eight years after the last adjustment.

Global crude oil prices fell sharply this week, prompting Dangote Petroleum Refinery and other suppliers to cut petrol prices in Nigeria.

The World Bank Group and the African Development Bank (AfDB) announced that Mission 300 has connected more than 50 million people to electricity across 40 countries, nearly doubling the pace of electrification since the initiative began.

A new clash is unfolding over Nigeria’s electricity sector as state regulators accuse the National Assembly of trying to roll back powers devolved to states under the Electricity Act 2023.