By Seun Ibiyemi Nigeria’s Minister of Power, Adebayo Adelabu, says ongoing reforms in the electricity sector have attracted over two billion dollars in fresh investments, signalling renewed investor confidence and improved sector performance. Adelabu made this known on Thursday in Abuja during the commissioning of the new headquarters of the Nigeria Electricity Liability Management Company….
By Seun Ibiyemi Nigeria recorded total capital importation of $6.44 billion in the fourth quarter of 2025, marking a 26.61 per cent increase year-on-year, according to the latest report by the National Bureau of Statistics (NBS). The figure also represents a 7.13 per cent rise from the $6.01 billion recorded in the third quarter of…
By Seun Ibiyemi The Federal Government, through the Debt Management Office (DMO), has opened subscriptions for N750 billion worth of Federal Government of Nigeria (FGN) bonds for March 2026, as it continues to tap the domestic debt market to finance fiscal needs. According to details contained in the March bond offer circular, the issuance comprises…
By Seun Ibiyemi The Federal government through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has intensified efforts to attract global investors to Nigeria’s oil and gas sector, declaring that government reforms have created a stable and competitive environment for investments. Speaking at the CERAWeek by S&P Global in Houston, Lokpobiri described Nigeria’s…
By Seun Ibiyemi The Attorney-General of the Federation and Minister of Justice, Lateef O. Fagbemi, has dismissed criticisms from the media office of former Vice-President Atiku Abubakar over the resolution of disputes surrounding the controversial OPL 245 oil block, describing the settlement as a major achievement of the current administration. In a press statement issued…
By Seun Ibiyemi The average retail price of Premium Motor Spirit (PMS), commonly known as petrol, declined by 15.60 per cent year-on-year to ₦1,051.47 in February 2026, according to the latest Price Watch report. The report, released for February 2026, showed that the average price paid by consumers dropped from ₦1,245.80 recorded in February 2025….
The Federal Government (FG) has reiterated its commitment to strengthening international collaboration, improving investment facilitation, and promoting governance transparency as part of efforts to enhance Nigeria’s global standing. Minister of State for Foreign Affairs, Bianca Udumegwu-Ojukwu, made this known in a goodwill message delivered at a webinar hosted by Fidelity Bank Plc on Tuesday. The…
By Seun Ibiyemi The Nigeria Customs Service (NCS) has uncovered a massive discrepancy between the declared and actual value of imported goods in 2024, revealing widespread undervaluation and non-compliance among importers. According to newly released Pre-Arrival Assessment Report (PAAR) performance data, the customs service recorded a 117.92 per cent increase in assessed values compared to…
By Seun Ibiyemi The Federal Government on Tuesday launched the first phase of the National Single Window (NSW), a digital platform designed to streamline international trade processes and tackle the persistent congestion burden on Nigerian businesses. The initiative was unveiled by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, as part…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has rejected calls for additional taxation on sugar-sweetened beverages (SSBs), describing the proposal as ill-timed and potentially harmful to Nigeria’s fragile economic recovery. In a policy brief released on Tuesday, the CPPE faulted the recommendation by the Corporate Accountability and Public Participation Africa…
