Economy
Nigeria Insurance Industry Records Strong Growth as Premiums Hit N2.3 Trillion in 2025
Nigeria’s insurance sector witnessed significant expansion in 2025, with Gross Premium Written rising by 47.3 percent year on year to N2.301 trillion, up...
FG Approves N3.3 Trillion Power Sector Debt Payment Amid Ongoing Electricity Crisis
The Federal Government has approved a payment plan to settle N3.3 trillion in outstanding debts owed in the power sector under the Presidential...
FG Tasks Dangote Sugar to Hit 600,000 Metric Tonnes Output by 2030
The Federal Government has urged the Dangote Group to significantly expand the production capacity of its sugar subsidiary, Dangote Sugar Refinery, targeting 600,000...
FG Inaugurates Committee to Fix Gas Supply and Boost Power Generation
The Federal Government has inaugurated a Gas to Power Monitoring Committee as part of efforts to resolve persistent gas supply challenges affecting electricity...
UBA Employs Over 700 Young Graduates to Tackle Youth Unemployment Across Africa
The United Bank for Africa has reaffirmed its commitment to addressing youth unemployment across Africa with the successful recruitment of more than 700...
Nigeria Borrowing Rises to N8.1 Trillion in Q1 2026 Amid Debt Concerns
Nigeria’s fiscal pressures deepened in the first quarter of 2026 as the Federal Government increased domestic borrowing to N8.1 trillion, representing a 7.4...
Oyedele Denies Admitting Errors in Nigeria’s Tax Reform Laws
The Minister of State for Finance, Taiwo Oyedele, has dismissed reports claiming he admitted flaws in Nigeria’s newly introduced tax reform laws, describing...
Nigerian Navy Arrests Two Vessels with Stolen Crude Worth Over N4 Billion
The Nigerian Navy has intensified its crackdown on crude oil theft with the arrest of two vessels, MT Mkpodu and MT Westaf AF,...
SERAP Demands Probe of Alleged ₦2.9 Billion Missing Funds in Key Government Agencies
The Socio Economic Rights and Accountability Project has called on Bola Tinubu to order a full investigation into the alleged missing or diverted...
Power Crisis Persists as Nigerians See No Relief Despite Government Promises
Two weeks after Nigeria’s Minister of Power, Adebayo Adelabu, assured citizens of improved electricity supply, many Nigerians across the country say the situation...
