The Nigerian Electricity Regulatory Commission (NERC) has released a report confirming that 185,439 prepaid meters were installed across the country by electricity distribution companies (DisCos) during the fourth quarter of
The National Bureau of Statistics (NBS) has revealed that Nigeria’s maritime sector dominated the country’s foreign trade in the fourth quarter of 2024, with total exports exceeding imports by 39%.
The Nigerian House of Representatives has resolved to conduct a forensic investigation into the allocation, expenditure, and outcomes of approximately N1.24 trillion raised through Sukuk bonds between 2017 and 2024.
In a strategic move to bolster service delivery and achieve cost efficiencies, MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Nigeria and Uganda. This
In February 2025, Nigeria’s money supply experienced a contraction, marking its first decline of the year. The total money supply decreased by 0.56%, falling from N110.94 trillion in January to
In a recent assessment, the World Bank has expressed concern over Nigeria’s statistical system, noting that it lags behind those of comparable nations such as Brazil and South Africa. The
Nigeria LNG Limited (NLNG) has reaffirmed its dedication to improving the operational efficiency of domestic Liquefied Petroleum Gas (​LPG) supply in Nigeria. The company aims to address challenges in the
Edo State Governor, Monday Okpebholo, has signed the state’s Electricity Bill into law, marking a significant step towards achieving universal access to electricity for residents within the next four years.
Nigerian entrepreneur and philanthropist Tony Elumelu has called on global investors to actively participate in Africa’s economic transformation by leveraging opportunities presented by the African Continental Free Trade Area (AfCFTA).
The Federal Government of Nigeria has secured a $500 million concessional loan from the International Development Association (IDA), the World Bank’s low-interest arm, to enhance the nation’s health sector. This
