By Sunday Michael Ogwu Customer complaints lodged with electricity distribution companies (DisCos) across Nigeria have fallen by 22.7% over a three-quarter period—from Q2 2024 to Q1 2025—even as persistent issues around metering, billing, and service interruptions remain dominant concerns among consumers. An analysis of official complaint data released by the Nigerian Electricity Regulatory Commission (NERC) …
By Sunday Michael Ogwu The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a major milestone in the ongoing Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, with the successful crossing of the River Niger—a key engineering challenge that signals steady progress toward project completion by the fourth quarter of 2025. Group Chief Executive Officer of NNPC …
By Sunday Michael Ogwu IMF Urges Nigeria to Curb Spending, Safeguard Fuel Subsidy Savings The International Monetary Fund (IMF) has raised fresh concerns about Nigeria’s 2025 fiscal outlook, warning that without urgent policy adjustments, the country’s budget deficit could exceed projections due to falling oil revenues and limited tax income from non-oil sources. In its …
By Esther Ososanya Nigeria’s President, Bola Ahmed Tinubu, has conferred one of the nation’s highest honours, the Grand Commander of the Order of the Niger (GCON), on Prof. Benedict Oramah, outgoing President of the African Export-Import Bank (Afreximbank), in recognition of his decade-long transformative leadership and outstanding contribution to Africa’s economic growth. The …
By Esther Ososanya The International Monetary Fund (IMF) has commended Nigeria’s monetary and fiscal authorities for implementing critical reforms that have boosted macroeconomic stability and driven down inflation to 23 percent. In its Article IV report released Tuesday, the IMF said Nigeria’s Central Bank maintained an appropriately tight monetary policy stance and urged it to …
By Esther Ososanya Nigeria and Rwanda have signed a landmark agreement to eliminate double taxation and prevent fiscal evasion on income taxes in a strategic move aimed at deepening economic ties and unlocking private sector-led investment across the continent. The bilateral treaty was signed on the sidelines of the 32nd Afreximbank Annual Meetings in Abuja, …
By Esther Ososanya Afreximbank’s shareholders have appointed Dr George Elombi as the Bank’s next President and Chairman of the Board of Directors, effective September 2025. The announcement was made during the Bank’s 32nd Annual Meetings held in Abuja, Nigeria, on June 28, 2025. A Cameroonian national and seasoned executive, Dr Elombi has been with the …
By Esther Ososanya In a rare and striking speech at the 32nd Afreximbank Annual Meetings, Jason Miller, a top communication strategist and former senior adviser to U.S. President Donald Trump, laid out a bold recalibration of U.S.-Africa trade relations, one grounded in what he called “partnerships over promises.” Addressing policymakers, industry leaders, and investors in …
By Esther Ososanya Africa’s path to industrialisation continues to be blocked by two stubborn barriers: poor electricity access and erratic government policies, according to the verdict from Africa’s leading industrialist, Alhaji Aliko Dangote, who, alongside philanthropist Tony Elumelu and former President Olusegun Obasanjo, laid out a bold, solution-driven agenda to unlock the continent’s economic potential. …
By Sunday Michael Ogwu The Abuja Chamber of Commerce and Industry (ACCI) has applauded President Bola Ahmed Tinubu for signing into law four landmark tax reform bills, describing the development as a “bold and strategic” move to enhance Nigeria’s business environment, attract investment, and build a fairer tax system. The ACCI, in a statement signed …
