Skip to content
Naira devaluation responsible for Nigeria’s rising debt— FG
Nigeria’s debt sustainability concerns are driven more by elevated interest rates and exchange rate volatility than excessive new borrowing, according to a report by The Briefing – Macro & Markets. This is just as the Minister of Finance and Coordinating Minister…
UTM FLNG project, bid round set to deepen investment flow into Nigeria’s energy sector
Ziggy Ojiegbe Nigeria’s energy sector is positioning for a fresh wave of global investment as the combination of the country’s first Floating Liquefied Natural Gas (FLNG) project and upcoming upstream licensing rounds is expected to stimulate ancillary industrial activities, unlock…
Shell Nigeria Gas deepens gas adoption, boosts industrial competitiveness
Frank Okon Shell Nigeria Gas has intensified efforts to position natural gas as a critical driver of industrial competitiveness and domestic manufacturing growth, as it hosted a Business and Investment Forum in Port Harcourt aimed at encouraging manufacturers and investors…
Nigeria Prize for Science records historic 237 entries after NLNG mobilizes global innovators for Nigerian solutions
The 2026 edition of The Nigeria Prize for Science and Innovation has recorded its highest number of submissions since inception, with organisers receiving a record 237 entries as interest grows around the country’s evolving technology and innovation ecosystem. The submissions…
ALDG’s Business Forum 2026 focuses on ‘Advancing Nigeria’s Gas Distribution Agenda’
The Association of Local Distributors of Gas (ALDG) has announced plans to host the second edition of its flagship Business Forum at the PTDF Building in Abuja, as stakeholders across Nigeria’s gas value chain intensify conversations around domestic gas utilization,…
Nigeria’s total public debt to hit N160.98tn, as fresh $1.25bn World Bank loan nears approval
As a fresh World Bank loan by the federal government nears approval, the country’s total public debt profile is now projected to reach N160.98 trillion. This figure is sharp rise from the N87.38 it stood, as at the assumption of…
PoS transactions set to hit N8.96trn in May
Point-of-Sale (PoS) transactions in Nigeria are set to reach N8.96 trillion by the end of May 2026, rebounding from a slight 1.82 per cent dip suffered in April, this year. According to payment system data, PoS transactions stood at N7.70…
Enugu Electricity downgrades 59 feeders over poor performance
Enugu Electricity Regulatory Commission (EERC) has downgraded 59 electricity feeders operated by MainPower Electricity Distribution Company Limited over what it described as persistent failure to meet the minimum power supply hours required under the Service-Based Tariff regime. MainPower, a subsidiary…
NCDMB to host 2026 midstream, downstream stakeholders summit in Lagos
Nigerian Content Development and Monitoring Board has announced plans to host the 2026 Oil and Gas Midstream and Downstream Stakeholders Summit as part of efforts to deepen collaboration, investment and policy engagement across Nigeria’s energy sector. The announcement which was…
Africa’s $194bn revenue gap, $89bn annual losses impose development strain
Kemi Olowu Africa’s domestic resource mobilization gap is estimated at around $194 billion annually, underscoring a deep fiscal shortfall that continues to constrain development spending across the continent, according to experts from the West African Tax Administration Forum (WATAF) and…
