Local News

FG 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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FG 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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Nigeria 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...

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PenCom Blacklists Seven Mortgage Banks Over Housing Loans Breach

The National Pension Commission has directed Pension Fund Administrators and Pension Fund Custodians to immediately stop accepting or processing equity contribution applications...

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FIRS, Customs, Three Others Generated ₦21tr in H1

The Federal Government earned about N21.22tn as revenue from the activities of five revenue-generating agencies in the first six months of 2025,...

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Nigeria’s Factories Go Local to Survive Currency Turmoil

Nigeria’s manufacturing sector is turning inward for survival as the impact of the naira devaluation and foreign exchange scarcity continues to reshape...