World Bank MD Hails Nigeria as Global Reference Point for Steady, Credible Reforms
Anna Bjerde, World Bank MD By Uche Vera ABUJA — Nigeria has become a frequent global reference point for steady and credible reform leadership, according to Anna Bjerde, the Managing Director (MD) for Operations at the World Bank. Bjerde made the statement on Tuesday during a visit to the State House in Abuja, where she […]
Telcos to Invest ₦1.4trn in Nationwide Network Expansion
By Uche VeraTelecommunications operators in Nigeria are set to invest approximately ₦1.4 trillion in expanding their network infrastructure, the Nigerian Communications Commission (NCC) has disclosed. The Executive Vice Chairman of the NCC, Dr Aminu Maida, made this known while speaking at a stakeholder forum, stating that the planned investment would be directed at strengthening network […]
Banks Recapitalisation : The Race Intensifies Ahead of March 2026 Deadline
By Olukemi Odoh In a bid to fortify Nigeria’s banking sector and position it for deeper financial intermediation, greater resilience, and broader economic support, the Central Bank of Nigeria (CBN) initiated a sweeping bank recapitalisation exercise that has been unfolding since 2024. This regulatory reform represents one of the most consequential overhauls of the financial […]
GAS SHORTFALL THREATEN BLACKOUT.
Chief Adebayo A. Adelabu Reduced gas supply has heightened risk of electricity outages nationwide – Olukemi Odoh reports. Nigerians face the possibility of widespread power supply disruptions as gas producers begin cutting supplies to thermal power stations across the country, further weakening electricity generation already under pressure due to persistent gas constraints. The shortage of […]
2025: FG Records Revenue Shortfall in Excess of 70 percent- Edun.
Wale Edun, Finance Minister. A major revenue gap has scutlled FG’s revenue projections this. Ɓy Olukemi Odoh The Federal Government has recorded a significant revenue shortfall in the 2025 fiscal year, with actual receipts falling far below budget projections, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed. Speaking before […]
Nasarawa Unveils $400 Million Rare Earth Plant, Pushing Nigeria Into Global Minerals Spotlight.
The launch of the $400 million rare earth processing plant marks a major turning point for Nasarawa’s economic future. It positions the state as a rising force in Nigeria’s solid minerals sector and the global clean-energy value chain. This milestone also reflects growing investor confidence and Governor Sule’s commitment to industrial development. Governor Sule of […]
Nigeria’s 2025 Inflation Slowdown: What It Means for Households, Businesses, and the Economy.
By Uche Vera After two difficult years marked by soaring prices and sharp policy adjustments, 2025 is shaping up to be a year of cautious relief for Nigerians. Recent figures released by the National Bureau of Statistics (NBS) show a clear moderation in the inflation rate compared to the highs recorded in 2023 and 2024. […]
Top 10 Performing Equities on the Nigerian Exchange (NGX), January to Date.
Top 10 performing equities in 2025 As the year draws to a close, we bring you the best 10 equities that delivered the most returns to investors in from January to date. These stocks have delivered remarkable returns compared to the broader market and highlight both opportunities and lessons for investors navigating the dynamic Nigerian […]
Edun Pledges Fair and Balanced Capital Gains Tax to Sustain Investor Confidence and Market Growth.
In a recent address to capital market stakeholders, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, offered important reassurances about the government’s plans surrounding the proposed changes to the Capital Gains Tax (CGT) regime. In doing so, he sought to allay fears among brokers, investors, and market operators that the tax reform […]
Eko Electricity Distribution Company Re Affirms Free Pre Paid Meters Policy, Warns Against Fraudsters
Officials of the Eko Disco during a press conference in Lagos The Eko Electricity Distribution Company (Eko DisCo) has reaffirmed a “zero-cost” policy for the installation of prepaid meters across its franchise area, reinforcing the message that no fees should ever be demanded from customers for processing, registration or installation. This call comes as the […]