The Nigerian National Petroleum Company Limited (NNPC) is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about 51 per cent in the Port Harcourt and Warri refineries, as part of a broader plan to rehabilitate and commercially reposition the facilities.
Electricity distribution companies (DisCos) installed 241,590 meters across Nigeria in the first two months of 2026, according to new data released by the Nigerian Electricity Regulatory Commission (NERC).
Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Wednesday said recent inflationary pressures in the country are temporary despite headline inflation rising for two consecutive months.
The Central Bank of Nigeria (CBN) says it is stepping up efforts to address growing customer complaints over bank charges and the volume of transaction alerts received by customers across the banking system.
The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday retained the benchmark Monetary Policy Rate at 26.5 per cent at the end of its 305th meeting.
FGN Bond Auction Sees 45% Decline in Subscriptions
Investor demand for Federal Government of Nigeria (FGN) bonds weakened sharply in May 2026, as total subscriptions fell by 45.6% month-on-month, despite higher yields at auction.
Data from the Debt Management Office (DMO) showed subscriptions dropped to ₦516.17bn...
