Local News
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1.4KNigerians Spent ₦1.3tr on Petrol in June –NMDPRA
Amid rising energy costs, Nigerians spent about N1.3tn on buying Premium Motor Spirit (petrol) to power their vehicles and electricity generators in...
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1.5KNNPC’s Four-Month Income Hits ₦20tr as Marketers Seek Refineries Revamp
The Nigerian National Petroleum Company Limited generated N20.9tn between April and July 2025. This came as petroleum marketers urged the national oil...
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1.4K13% Derivation Fund Eases Oil-Producing States’ Debt by ₦611b
Oil-producing states reduced their domestic debt burden by about N610.84bn between June 2023 and March 2025, as they received record inflows from...
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1.4KFAAC Reconciliation: NNPC, FIRS, Others Remit ₦1.49 Trillion Arrears to Federation in Six Months
Nigeria’s Federation Account received a major inflow of N1.49 trillion in the first half of 2025 from arrears reconciled and paid by...
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1.5KFG Adopts New Debt Strategy
Nigeria has introduced a new policy framework to enhance the management of its public debt, with the Debt Management Office (DMO) announcing...
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1.4KInfrastructure Deficits Hampering Productivity, Investment –NESG
The Nigerian Economic Summit Group has stated that the country’s infrastructure deficits are a major barrier to its economic growth, limiting productivity...
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61FG to Offset ₦2.7tr Gas Debt with Royalty Payments
The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream...
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1.4KFG to Review National Telecom Policy
The Ministry of Communications, Innovation and Digital Economy and the Nigerian Communications Commission (NCC) are collaborating to review the 2000 Telecoms Policy....
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Governors Launch Platform to Attract FDIs, Say $2b Yearly Inflow Less Than 0.5% of GDP
State governors in the country yesterday floated an investment platform to enable the 36 states attract Foreign Direct Investments (FDIs). They said...
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1.4KNigeria Utilises Only 41% of Installed Generation Capacity Amid Stranded Power Crisis
The power sector in Nigeria has again highlighted the paradox that has defined its electricity supply chain, marked by significant installed generation...
