News

The Central Bank of Nigeria (CBN) has disclosed that Nigerians secured personal loans amounting to N470bn from banks in the last three months of 2024.

International airlines that operate into Nigeria pay about N25bn annually for the towing of their aircraft, as the Federal Airport Authority of Nigeria (FAAN).

The military governments of Mali, Burkina Faso and Niger have announced a new 0.5 percent levy on imported goods from Nigeria.

The Nigerian electricity sector slowed in the fourth quarter of 2024 (Q4 2024), with the electricity production index declining by 1.64% year-on-year (y-o-y).

There is anxiety in the downstream arm of the oil and gas sector as operators await the decision of the Federal Government on the naira-for-crude deal between the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery. 

The World Bank is set to approve fresh loans totalling $632m to Nigeria today (Monday) amid mounting concerns over the country’s rising debt profile.