2025 Budget: 593 MDAs to Fuel Generators with N41bn Federal Ministries, Departments and Agencies will spend about N40.81bn to purchase petrol or diesel to power their generators in 2025. The amount to be spent by 593 MDAs was listed as generator fuel costs in the 2025...

Nigeria, Bloomberg Partner to Attract Economic Investment The Federal Ministry of Finance Incorporated (MOFI) has entered into partnership with financial giant Bloomberg. The two-year initiative aims to highlight the country’s economic potential and address investor hesitations rooted in outdated or negative perceptions. During a meeting held in...

Maimbo Champions Investment-Driven Growth for Africa's Development Dr. Samuel Munzele Maimbo, a leading candidate for the African Development Bank (AfDB) Presidency has laid out his vision for a “Future-Ready Africa”. He unveiled the vision at a forum tagged: “Conversations on Africa’s Development”, which was organized by...

Net Forex Inflow Decreased by 2.97% in Q3 – CBN The net foreign exchange inflow to the Nigerian economy in the third quarter of the year decreased by 2.97 per cent to $14.46bn from $14.89bn in the preceding quarter. This was released by the Central Bank...

Petrol to Sell for N935 per Litre – IPMAN The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that petrol is going to sell at N935 per litre beginning from Monday (today) based on the latest arrangement with the Dangote Petroleum Refinery. IPMAN’s National President,...

DisCos’ Revenue Collection Efficiency Drops by 4.76% in Q3 2024 The Nigerian Electricity Regulatory Commission (NERC) has reported a decline in the revenue collection efficiency of Distribution Companies (DisCos) for the third quarter of 2024. The efficiency rate decreased by 4.76 percentage points, dropping from 79.31%...