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Nigeria to Receive $3bn Telecoms Equipment in June – Minister

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has disclosed that Nigeria is set to receive telecommunications equipment and fibre optic infrastructure worth $3 billion in June 2025.

Crude Oil Production Rose by 6% in April – NUPRC

The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in April.

CBN Raises T-Bills Offer to N550bn – Report

The Central Bank of Nigeria (CBN) raised its total Treasury Bills Primary Market Auction offer to N550bn, up from N400bn in the previous auction. The offer covers the 91-day, 182-day, and 364-day tenors.

Crude Shortage Idles 42% of Nigeria’s Refining Capacity

A continued shortfall in crude oil supply to domestic refiners has kept the capacity utilisation of refineries at just 57.8 per cent, leaving over 42 per cent of Nigeria’s installed refining capacity idle.

Public Debt Increases by N57trn in 18 Months

Nigeria’s total public debt rose by N57.3tn within the first 18 months of the current administration, according to an analysis of data released by the Debt Management Office.

DisCos to Compensate Band A Customers Across 557 Streets

The Nigerian Electricity Regulatory Commission (NERC) has ordered nine electricity Distribution Companies to compensate Band A customers.