BEDC Electricity Plc announces partial resolution of NUEE industrial action as strike is suspended in Delta, Ondo, and Ekiti States, while peaceful engagement continues in Edo State to restore full power supply across all four franchise areas.
Category: Business
In-depth analysis of financial markets, trade policies, local enterprise, economic trends, and industrial growth in Nigeria
The House of Representatives has given CEOs of MTN, Airtel, Glo, and Mafab a seven-day ultimatum to appear on October 28 over poor network quality or face arrest warrants.
CBN Governor Olayemi Cardoso reaffirms that Nigeria will not reverse ongoing macroeconomic reforms, pointing to foreign reserves topping $55 billion and ₦4.75 trillion raised in banking recapitalisation as proof of economic recovery.
Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo has directed Pi-CNG and the Decade of Gas Secretariat to fast-track CNG infrastructure expansion to lower transport costs nationwide.
Excerpt
Taraba, Bauchi, and Adamawa have emerged as Nigeria’s most affordable states to live in, according to the latest National Bureau of Statistics (NBS) inflation report tracking slower price increases and improved local food supply
The Nigerian Safety Investigation Bureau (NSIB) has commenced a safety probe into an in-flight incident involving a foreign-registered Challenger 604 private jet that lost its door mid-air shortly after departing the Nnamdi Azikiwe International Airport, Abuja.
The Presidency has defended President Bola Tinubu’s economic policies, announcing that a 50kg bag of rice has dropped from ₦120,000 to below ₦50,000. Special Adviser Bayo Onanuga urged critics to visit local markets to see tangible evidence of economic recovery.
At the 2026 IMF-World Bank meetings in Bangkok, CBN Governor Olayemi Cardoso emphasized that economic reforms and mega-investments like the Dangote Refinery are critical to ending Nigeria’s crude oil dependency.
Nigeria spent N5.28 trillion servicing domestic debt in the first half of 2026, with interest and rental payments on FGN bonds and Treasury Bills accounting for N4.95 trillion, according to official data released by the Debt Management Office.
Nigeria’s headline inflation rate slowed down to 14.63 percent in September 2026, marking a significant drop from the 15.39 percent recorded in August, according to the latest Consumer Price Index report released on Thursday by the National Bureau of Statistics Read more…
