Skip to content
Confusion, as MNOs resume data, airtime borrowing offers to Nigerians
Barely weeks after the Federal Competition and Consumer Protection Commission (FCCPC) had ordered Mobile Network Operators (MNOs) in the country to discontinue their airtime and data borrowing offers to customers nationwide, checks by the Oracle Intelligence, Friday, showed that two…
FG, consortium reach BOT agreement for $1.5bn 460MW Grand Katsina-Ala hydropower project
Nigeria has reached a build, operate and transfer (BOT) agreement with a consortium for the construction of a $1.5 billion Grand Katsina-Ala Hydropower Project in Benue State. The Nigerian government also confirmed the appointment of Maverick Energy Partners as the preferred…
Nigeria, World Bank restructure $500m education funding programme, as more states now to benefit
Nigeria and the World Bank have agreed to restructure the $500m HOPE for Quality Basic Education for All programme earlier approved for the country, last year, with more states now to benefit. The new structuring formula sees a cut in the…
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…
NRC suspends Warri–Itakpe train service over ‘operational exigencies’
Nigerian Railway Corporation (NRC) says it has temporarily suspended the Warri–Itakpe Train Service (WITS) due to operational exigencies and technical advice from its engineers. A statement confirming the development and signed by the Chief Public Relations Officer of the NRC,…
NUC stops HND-BSc conversion programmes in varsities
National Universities Commission (NUC) has directed all Nigerian universities to discontinue with ongoing Higher National Diploma (HND) to Bachelor of Science conversion and top-up degree programmes, with immediate effect. NUC regulates tertiary education in Nigeria. The directive, which reportedly takes effect…
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…
