Economy
FG Tightens Procurement Rules to Curb Contract Inflation and Corruption
The Federal Government has introduced stricter procurement guidelines aimed at reducing contract inflation, corruption, and abuse of variation orders across government projects. Under...
Nigeria’s Power Sector Remains Trapped by Poor Planning and Failed Privatisation
Nigeria’s electricity crisis continues to deepen as experts argue that the country’s biggest problem is not limited to generation, transmission, or distribution alone,...
LCCI: Nigerian Private Sector Struggling as Businesses Battle Rising Costs and Economic Pressures
Leye Kupoluyi, President and Chairman of Council of the Lagos Chamber of Commerce and Industry, has raised concerns over the worsening state of...
Nigeria’s Power Crisis: Why DisCos Are Not the Real Problem Behind Persistent Blackouts
Every time electricity goes out in Nigeria, attention quickly turns to distribution companies such as Eko Electricity Distribution Company or Ikeja Electric, which...
TCN Reports Drop in Power Infrastructure Vandalism, Records 40 Cases in 2026
The Transmission Company of Nigeria says it has recorded 40 cases of vandalism on its power infrastructure since the beginning of 2026, noting...
PenCom Launches Free Healthcare Scheme for 30,000 Low Income Pensioners
The National Pension Commission has commenced the pilot phase of a free healthcare initiative aimed at improving the welfare of low income retirees...
Nigeria’s Inflation Rises to 15.69% in April as Food and Transport Costs Surge
Nigeria’s headline inflation rate rose to 15.69 per cent in April 2026, up from 15.38 per cent recorded in March, driven largely by...
FG Raises Alarm as Two Regions Remain Lowest in Literacy Despite Massive Education Funding
The Federal Government has expressed concern that two geopolitical zones in Nigeria still record the country’s lowest literacy and numeracy rates despite receiving...
Economic Hardship Painful but Necessary for Nigeria Growth Says Alake
Minister of Solid Minerals Development Dele Alake has said that the current economic hardship facing Nigerians is painful but necessary for the country’s...
Dangote Says Fuel Import Mafia Tried to Stop 20 Billion Dollar Refinery
Africa’s richest man, Aliko Dangote, has revealed that powerful fuel importers fought hard to frustrate the establishment of the Dangote Refinery, describing them...
