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African Alliance files recapitalisation plan with NAICOM

  • 5th August 2026

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  • 4th August 2026

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Electricity metering hits 59.69% as DisCos add 349,357

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Dangote Refinery eyes $5bn IPO to expand Lagos plant

Business

Four in 10 Nigerians remain without reliable electricity grid

Electricity

Unions move to shut down airlines over unpaid ticket

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African Alliance files recapitalisation plan with NAICOM

Business

Blog

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira steady at ₦1,417/$ amid growth projections

The Naira recorded a stable performance in the early trading session on Tuesday, January 20, 2026, as the foreign exchange market responds to recent government forecasts of economic consolidation and a projected growth rate of 4.68 per cent for the year. In the Nigerian Foreign Exchange Market (NFEM), the Naira opened at 1,419.37 per dollar […]

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Government payments fully digitised across MDAs — FG

The Director General of the Bureau of Public Service Reforms, Dasuki Arabi, has stated that federal ministries, departments, and agencies no longer rely on manual payment processes, stressing that government transactions are now fully digitised as a result of public financial management reforms. “As I’m talking to you today, no Nigerian federal public service agency […]

FCTA reopens Garki Market after closure for inadequate sanitation
News

10 of 14 demands of striking workers met – FCTA

The Federal Capital Territory Administration has disclosed that 10 of the 14 demands put forward by striking workers have already been met, with efforts ongoing to resolve the remaining four. This was contained in a statement issued on Monday by the Senior Special Assistant to the Minister of the Federal Capital Territory on Public Communications […]

Business

Italian fashion legend Valentino Garavani dies at 93

Italian fashion icon Valentino Garavani, celebrated for his timeless evening gowns worn by some of the world’s most glamorous women, has died at the age of 93, his foundation announced. “He peacefully passed away today at his residence in Rome, surrounded by the love of his family,” a statement posted to Instagram said. Born in […]

Electricity

Geregu Power posts 1.7% rise in pre-tax profit

Geregu Power Plc, a major player in Nigeria’s electricity generation sector, recorded a modest increase in pre-tax profit to N41.98 billion for the year ended December 31, 2025, representing a 1.74 per cent rise from N41.26 billion in 2024. Pre-tax profit for the fourth quarter of 2025 stood at N9.56 billion, down from N11.78 billion […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
Oil and Gas

Nigeria’s non-oil exports hit record $6.1bn in 2025

Nigeria’s non-oil exports climbed to an unprecedented $6.1bn in 2025, representing the strongest performance recorded in the sector since the establishment of the Nigerian Export Promotion Council nearly five decades ago. The 2025 figure reflects an 11.5 per cent year-on-year increase compared to the $5.4bn recorded in 2024, highlighting sustained momentum in Nigeria’s drive to […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity

Kano DisCo achieves 22-hour daily supply for major manufacturers

Kano Electricity Distribution Company has achieved a 50 percent surge in industrial power consumption during 2025, bucking a national trend that has seen manufacturers across Nigeria increasingly turn away from grid electricity in favour of costly self-generation. According to BusinessDay, the northern distributor recorded industrial offtake rising from 43.33 gigawatt-hours in January to 62.14 GWh […]

featured Oil and Gas

Dangote Refinery to become world’s largest with new expansion

Nigeria’s Dangote Group has awarded a $350 million contract to Engineers India Limited to expand its massive Lekki refinery to 1.4 million barrels per day, more than doubling current capacity in a bid to transform Africa’s largest economy into a regional petroleum hub. The deal, signed with the Indian state-owned engineering consultancy, will see the […]

Business

IMF raises Nigeria’s 2026 growth forecast to 4.4%

The International Monetary Fund has revised upward Nigeria’s economic growth projection for 2026 to 4.4 per cent, from an earlier estimate of 4.2 per cent. The updated forecast was contained in the IMF’s January 2026 World Economic Outlook update, released on Monday. According to the Fund, the improved outlook reflects rising confidence in Nigeria’s medium-term […]

FCTA approves N7bn for teachers' salary arrears
News

FCTA workers shut secretariat over unpaid promotion arrears

Activities at the Federal Capital Territory Administration secretariat were grounded on Monday morning as workers under the FCTA shut down the main secretariat to protest unresolved labour and welfare issues. The action followed a directive by the Joint Union Action Congress JUAC which ordered workers across all cadres of the administration to withdraw their services […]

EU rules out fee for tech giants under digital markets act
Travel

Finland to revoke non-EU students’ permits over social assistance

Finland is planning stricter immigration rules that could see the residence permits of non-European Union students cancelled if they receive basic social assistance from the state. The Ministry of Economic Affairs and Employment opened a public consultation on the draft law on January 16. This proposes a system that would allow authorities to automatically monitor […]

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