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Nigeria secures $155m clean energy investments

  • 26th July 2026

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  • 25th July 2026

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  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Ghana to evacuate 1,000 more workers from South Africa

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Electricity

Cuba suffers nationwide blackout amid deepening energy crisis

Cuba was hit by a nationwide power outage on Monday after the country’s national electricity grid collapsed, adding to an energy crisis that has intensified in recent months amid restrictions on fuel supplies. The country’s Energy Ministry confirmed that the national grid suffered a total failure, while the grid operator said investigations were underway to […]

featured Oil and Gas

Dangote Refinery, marketers cut petrol, diesel depot prices

Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit, popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal Government as well as growing competition and improving product […]

Electricity featured

FG spends ₦358.32bn on electricity subsidy in Q1

The Federal Government incurred an electricity tariff subsidy obligation of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission. The Commission, in its First Quarter 2026 report released […]

Insurance

NAICOM bars re-licensing of firms with outstanding claims

As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission has stated that it will not re-license any company with outstanding claims. Vanguard reported that in a letter to all Managing Director/CEOs of insurance companies, issued on Monday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for […]

featured Finance

Naira experiences mixed trade as parallel FX market rate hits ₦1,400/$

The naira traded with mixed performance against the United States dollar on Tuesday, July 7, 2026, as the official Nigerian Foreign Exchange Market remained relatively stable while the parallel market recorded a slight weakening. Data from the official exchange rate market showed that the naira exchanged at approximately N1,367.29 to the US dollar. This reflected […]

News

Gambian board studies Nigeria’s compensation scheme operations

The Nigeria Social Insurance Trust Fund on Monday officially launched a week-long study tour for the Board of the Industrial Injuries Compensation Fund from the Social Security and Housing Finance Corporation of The Gambia. The study tour was declared open by the Managing Director/Chief Executive, Barrister Oluwaseun Faleye, at the Fund’s Corporate Headquarters in Abuja, […]

featured Finance

NELFUND to end direct tuition payment, begin digital token system

The Nigerian Education Loan Fund has revealed plans to replace its current system of paying tuition fees directly to tertiary institutions with a digital token-based payment system. The move is aimed at eliminating double payments and improving transparency in the disbursement process. The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this during an interview on […]

featured Finance

Federal workers demands ₦300,000 new minimum wage

The Federal Workers Forum has called on the Federal Government to approve a N300,000 national minimum wage, while also demanding the immediate payment of outstanding wage awards, salary arrears and other worker entitlements. Nairametrics reported that the demand was made on Monday by the National Coordinator of the Forum, Andrew Emelieze, in a statement issued […]

Finance

Customs projects ₦11.074trn revenue target for 2026

The Nigeria Customs Service has projected N11.074 trillion in revenue for the 2026 fiscal year, following its record performance in 2025 when it exceeded its revenue target by 10.24 per cent. Vanguard reported that the Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Monday while defending the Service’s 2025 budget performance and presenting its 2026 […]

News

Tinubu vows tech-driven fight against insecurity

President Bola Tinubu says his administration is firmly committed to countering contemporary security threats facing the country. He said this would be achieved through the adoption of emerging technologies and the building of capacity across all battle spaces to improve operational planning and combat readiness. The President also disclosed plans to modernise the Nigerian Army […]

Business

Federal workers demand N300,000 minimum wage, payment of arrears

The Federal Workers Forum has urged the Federal Government to approve a new national minimum wage of N300,000 and immediately pay all outstanding wage awards, salary arrears, and other entitlements owed to workers. The call was made on Monday by the Forum’s National Coordinator, Andrew Emelieze, in a statement issued in Abuja. The group also […]

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