Nigerian Manufacturers Spend ₦3.23trn on Alternative Energy in 3 Years
Nigerian manufacturers spent a total of ₦3.231 trillion on alternative energy sources between 2023 and 2025 as unreliable electricity supply and rising energy costs continued to undermine industrial productivity. Data presented by the Manufacturers Association of Nigeria (MAN) showed that spending increased from ₦781.68 billion in 2023 to ₦1.11 trillion in 2024 and ₦1.34 trillion […]
Telecom Operators Spend N2.53trn on Infrastructure as Nigerians Battle Poor Service
Nigeria’s telecommunications operators invested N2.53 trillion in network infrastructure in 2025. Yet, millions of subscribers continue to grapple with dropped calls, failed connections, slow internet speeds and intermittent service disruptions, raising concerns over the impact of the industry’s massive capital expenditure on service quality. The persistent network challenges have become more contentious following the recent […]
FG Shifts Uncompleted 2026 Projects, Unpaid Commitments to 2027 Budget
Nigeria plans to transfer unfinished projects and outstanding spending commitments under its 2026 budget to the 2027 fiscal year as the Federal Government renews efforts to end the practice of running overlapping budgets. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed the plan on Thursday, October 8, during the launch […]
NLC Gives FG 14 Days to Cut Petrol Prices, Begin Minimum Wage Renegotiation
The Nigeria Labour Congress (NLC) has given the Federal Government a two-week ultimatum to reduce petrol prices and commence renegotiation of the national minimum wage, warning that it may take action if its demands are not met. The ultimatum was contained in a communiqué signed by NLC President, Joe Ajaero, following a joint meeting of […]
ICRC Moves to Unlock Full Capacity of $1.3bn Hydropower Project
The Infrastructure Concession Regulatory Commission (ICRC) has begun a review of the $1.3 billion Zungeru Hydropower Project following concerns over the plant’s inability to operate at its full 700-megawatt capacity. The hydropower facility, which is being operated under a Public-Private Partnership (PPP) arrangement, currently supplies about 350MW to the national grid, representing roughly half of […]
Chelle Targets AFCON, Olympics After Russia Draw
Super Eagles head coach Eric Chelle has outlined qualification for the 2027 Africa Cup of Nations and the Los Angeles 2028 Olympic Games as Nigeria’s two major objectives, following his side’s dramatic 3-3 draw against Russia in an international friendly. Chelle’s youthful and experimental squad produced a spirited comeback in Nizhny Novgorod, recovering from a […]
Naira Gains Ground After Q2 Pressure, Outpaces African Peers — World Bank
The naira was among the more resilient African currencies in the second quarter of 2026, despite heightened exchange-rate pressures triggered by geopolitical tensions, rising energy prices and stronger demand for the US dollar, according to the World Bank. The World Bank, in its October 2026 Africa Economic Update, said the naira’s maximum depreciation between March […]
FIFA: NFF Sent Congo Protest To Wrong Email
One of the technical grounds cited by FIFA for dismissing Nigeria’s protest against DR Congo over the use of an ineligible player during the 2026 FIFA World Cup qualifiers was that the petition was allegedly sent through the wrong communication channel. DR Congo edged Nigeria 4-3 on penalties in the decisive playoff after both sides […]
Super Eagles Drop Four Places In Latest FIFA Rankings
Nigeria’s Super Eagles have slipped four places in the latest FIFA men’s world rankings released on Wednesday, falling from 26th to 30th position globally. The drop also affected Nigeria’s standing on the African continent, with the three-time African champions moving from fourth to sixth place among CAF nations. The Super Eagles now trail Morocco, Egypt, […]
Chelle Explains Osimhen’s Absence From Super Eagles
Super Eagles head coach Eric Chelle has dismissed suggestions of a disagreement with Victor Osimhen and explained why the striker missed Nigeria’s matches during the latest international window. Osimhen was unavailable for Nigeria’s 2027 Africa Cup of Nations qualifying fixtures against Madagascar and Guinea-Bissau, as well as Tuesday’s 3-3 friendly draw with Russia. The Galatasaray […]
FG Puts Aviation Infrastructure Projects at Over N1tn
The Federal Government has committed more than N1tn to infrastructure renewal, rehabilitation and construction across Nigeria’s aviation sector, Minister of Aviation and Aerospace Development, Festus Keyamo, has said. Keyamo disclosed this at the 67th anniversary of Aero Contractors, where he highlighted major infrastructure projects being undertaken by the Bola Tinubu administration. He said President Tinubu […]
Experts Push Faster Capital Market Reforms
Financial market experts have called for faster regulatory reforms, improved access to long-term financing for small and medium-sized enterprises (SMEs), and greater adoption of digital innovation to attract investment and drive economic growth in Nigeria. The experts spoke at the 30th Anniversary Symposium of the Association of Issuing Houses of Nigeria (AIHN) in Lagos, where […]