FG Disburses ₦333 Billion to GenCos, Rolls Out New Bond to Reduce Power Sector Debt Government Advances Electricity Debt Settlement Programme THE Federal Government has disbursed approximately ₦333 billion to eight electricity generation companies (GenCos) as part of its ongoing Power Sector Debt Reduction Initiative, while unveiling a second ₦729 billion bond issuance aimed at […]
Jollof Rice Emerges as Symbol of Nigeria’s Economic Pressures NIGERIA’S worsening food affordability crisis has become increasingly evident in the soaring cost of preparing a simple pot of jollof rice, with prices increasing by 624 per cent over the past decade, according to a new report by SBM Intelligence. The latest edition of the SBM […]
Energy Transition Driven by Consumers Rather Than the National Grid NIGERIA’S renewable energy transition is increasingly being powered by households and businesses rather than public electricity infrastructure, with new research showing that consumer-led solar adoption is accelerating despite limited investment in large-scale renewable power generation. BloombergNEF’s latest Sub-Saharan Africa Renewable Energy Market Outlook identifies Nigeria […]
Economic Pressures Reshape Consumer Spending on Technology NIGERIA’S rising inflation and cost-of-living pressures are driving a significant shift in consumer behaviour, with more people opting to repair damaged mobile phones and other digital devices instead of purchasing new ones. The Vice Chairman of Abuja GSM Village, Mr. Abdulfatah Aliyu, disclosed this in Abuja, saying worsening […]
Economic Summit to Showcase Delta’s Investment Opportunities THE Delta State Government has outlined an ambitious economic transformation agenda centred on infrastructure, energy, maritime development and industrial expansion as it prepares to host the 2026 Delta State Economic and Investment Summit in Asaba. Speaking ahead of the three-day summit, Secretary to the State Government, Dr. Kingsley […]
Despite strong investor participation in the 2025 Licensing Round, 13 oil and gas blocks will be returned to the licensing basket after receiving no bids, the Nigerian Upstream Petroleum Regulatory Commission says. FG Returns 13 Oil Blocks to Licensing Basket After Failing to Attract Bids 37 of 50 Blocks Draw Investor Interest THE Federal Government […]
Nigeria Urged to Learn as São Tomé Rejects Oil Bids Amid Global Energy Shift Failed Licensing Round Signals Changing Global Investment Priorities SAO Tomé and Príncipe’s decision to reject bids for three offshore oil blocks has sparked renewed debate about the future of petroleum investment and the lessons resource-rich countries such as Nigeria must learn […]
Fresh petroleum sector data highlight widening gaps between Nigeria’s domestic gas ambitions and industry realities, with higher LPG imports, declining local supply and continued prioritisation of exports. Fresh Data Reveal Growing Dependence on Imported LPG NIGERIA recorded a dramatic increase in cooking gas imports in June 2026 as weakening domestic production forced greater reliance on […]
Analysis argues that while the First Lady’s ₦50,000 grants offer immediate relief to struggling women entrepreneurs, Nigeria needs a structured empowerment model that promotes savings, financial inclusion and long-term business growth. Beyond Immediate Relief THE debate surrounding the First Lady’s ₦50,000 grants to women has reignited conversations about the best approach to empowering Nigeria’s vast […]
Government warns that unapproved outdoor advertising structures will be sealed and removed after the compliance window expires. Delta Launches 30-Day Billboard Regularisation Exercise Government Begins Statewide Compliance Drive THE Delta State Government has commenced a 30-day regularisation exercise for all existing outdoor advertising structures, directing billboard owners, advertising practitioners and businesses to obtain the necessary […]