Nigeria's formal admission as an Association Country with the International Energy Agency (IEA) is a significant milestone, marking a pivotal shift in the country's position within global energy markets. Vice President Kashim Shettima highlighted this during the recent signing of an agreement between Nigeria and the IEA for a Joint Work Programme to strengthen strategic …
Nigeria's power sector recorded a total revenue shortfall of ₦3.39 trillion in 2025, with tariff subsidies and commercial losses recorded by distribution companies (DisCos) accounting for a substantial share of the sector’s shortfalls. This massive deficit was dominated by Federal Government tariff subsidies and downstream retail losses (billing and collection inefficiencies), which collectively accounted for …
Millions of Nigerian commuters are bracing for another round of transport fare increases as Premium Motor Spirit (petrol) prices climb to as high as ₦1,400 per litre in parts of the country. The development is putting commercial transport operators under fresh pressure to raise fares, while commuters already battling soaring food, rent and other living …
As a ride-hailing giant exits Nigeria, millions of passengers face a new mobility reality while thousands of drivers and rival platforms scramble for what it leaves behind For 12 years, Uber was more than an app on the phones of Nigerian commuters. It became part of the country's changing transportation culture, a digital bridge …
As Nigeria pushes to end the persistent shortage of crude oil feedstock for domestic refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) recently announced moves to deepen the implementation of a crude oil and gas swap mechanism to increase supply and boost local refining capacity. The initiative is designed to address what many industry stakeholders …
Terrorist faction collected 90% of ransom paid nationwide from just eight cases as 7,825 Nigerians were abducted in one year A single faction of Boko Haram collected about ₦7 billion, roughly 90 per cent of all ransom paid in Nigeria in one year, from just eight kidnapping incidents, exposing a dramatic transformation in the …
At a recent meeting with the board and management of the Nigerian Exchange Group (NGX) on August 7, President Bola Tinubu promised that the Nigerian National Petroleum Company Limited (NNPC) would be reformed and listed on the Nigerian Exchange, reviving decade-old talks about taking the national oil company to the capital market. For years, the …
Hundreds of thousands of vulnerable Nigerians could lose access to life-saving food, healthcare, nutrition and disease-control services before the end of 2026, as the United Nations warns that the country’s humanitarian response is facing a $159 million funding shortfall. The warning comes at a dangerous moment for millions already battling food insecurity, malnutrition, displacement and …
For Nigerians battling rising rents, expensive land and the growing cost of construction, owning a home can seem like a dream that keeps moving further away. But there is a government-backed financing route that could make homeownership more attainable for eligible Nigerians. The Federal Mortgage Bank of Nigeria (FMBN), through the National Housing Fund (NHF), …
How Nigeria’s latest inflation figures expose a painful gap between the economic numbers and what families pay at the market For a Nigerian household walking into a market this week, one question may matter more than the latest inflation headline. If inflation is falling, why is the food bill still rising? The …
