The Central Bank of Nigeria (CBN) has announced plans to recapitalise and restructure development finance institutions (DFIs) to address a widening funding gap for micro, small and medium enterprises (MSMEs).
Nigeria’s downstream oil sector has received a boost as the Nigerian National Petroleum Company Limited (NNPC) doubled crude oil deliveries to the Dangote Petroleum Refinery in March, raising hopes of improved fuel availability.
Eight of Nigeria’s largest power generation companies, including Transcorp Power, Egbin Power, and Geregu Power Plc, have signed onto President Bola Tinubu’s ₦3.3 trillion debt settlement programme, aimed at restoring liquidity to the electricity sector.
The Transmission Company of Nigeria (TCN) has begun upgrading the 138km Alaoji–Onitsha 330kV transmission line, a project aimed at boosting electricity supply in the South East.
The Federal Government has raised its borrowing plan for 2026 to ₦29.2 trillion, following an expansion of the budget size approved by the National Assembly.
