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World Bank withdraws $717m power sector loan facility to Nigeria over unsatisfactory performance
World Bank and Federal Government have both claimed responsibility for the reported cancellation of the $717m undisbursed power sector loan facility from the financial institution. Federal Government had, Tuesday, announced the cancellation of the $717.7 million in undisbursed funding under the…
Fidelity Bank grows gross earnings by 38%, as PBT hits N92.5bn in Q1, 2026
Fidelity Bank Plc has reported a 37.8 per cent growth in gross earnings representing N434.95 billion in the first quarter 2026 (Q1, 2026), in addition to a rise to N92.48 billion in profit before tax (PBT). The bank’s Interim Financial…
Dangote Refinery says it has spurred Nigeria’s economic growth
Ziggy Ojiegbe Enhanced operation of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is reducing the country’s dependence on imported refined petroleum products, the company declared in a statement, citing a report by the Economist Intelligence Unit (EIU)….
Nigeria’s GDP growth rate drops to 3.9%, amid oil, non-oil sectors’ slump
National Bureau of Statistics (NBS) has disclosed that the country’s Gross Domestic Product (GDP) growth rate in real terms declined to 3.89 per cent quarter-on-quarter (QoQ) in the first quarter Q1, 2026 from the 4.07 per cent figure recorded in…
Nigeria’s CNG mobility sector attracts over $1bn in investments, as FG targets 2, 322 stations by 2027
Nigeria says it is planning to establish 2,322 Compressed Natural Gas (CNG) stations across the country by 2027 as part of efforts to boost the use of alternative fuel vehicles and improve gas transportation infrastructure. This is also as the…
LPG marketers warn FG of dire consequences, as commodity reaches N2000/kg
Cooking gas retailers in the country, under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), have warned the federal government of severe consequences of the continued rise in prices of the commodity. According to the group, in…
NCAA withholds services to Air Peace, Arik, Ibom Air, 8 others over debts
Industry regulator, the Nigerian Civil Aviation Authority (NCAA) withdrawn services rendered to a total of 11 domestic airlines pending the settlement of their outstanding debts to the agency. A notice distributed to NCAA’s directorates and dated May 22, 2026, directed…
Green energy offers Nigeria inclusive opportunity for power supply boost __Study
Ziggy Ojiegbe Policy leaders in Nigeria and across Africa are facing mounting pressure to accelerate the adoption of decentralized renewable energy systems as worsening electricity shortages continue to weaken economic productivity, deepen poverty and constrain industrial growth. Industry experts and…
NLNG Train 7 deepens Nigeria’s industrial capacity, expands local technical expertise
Ziggy Ojiegbe The ongoing Train 7 expansion project of Nigeria LNG Limited is emerging as one of Nigeria’s most significant industrial capacity-building platforms, helping to deepen local technical expertise, expand domestic manufacturing capability and raise quality standards across the country’s…
Nigeria to review telcomms Act 2003, as NCC kicks off workshop on proposed National Telecommunications Policy 2026
Nigeria has approved processes for the review of the Nigerian Communications Act 2003, just as the Nigerian Communications Commission (NCC) has kicked off discourse on the proposed National Telecommunications Policy 2026. It would be recalled that the NCC had approached…
