Frontier Markets Record Strong Recovery Frontier markets are experiencing a strong comeback as investors return to higher-risk assets in search of better returns despite continued global economic uncertainty. In April, the MSCI Frontier Markets Index climbed about 10% in dollar terms, recording its strongest monthly performance since 2009. The rally outperformed the roughly 9% gain…
Consumers Receive Refunds Across Four Quarters The Nigerian Electricity Regulatory Commission refunded a total of N155.84 million to electricity consumers in 2025. The refunds followed the resolution of billing-related complaints across the power sector. Quarterly data shows that the commission issued the refunds in stages. It directed distribution companies to settle verified cases of overbilling…
Allen Onyema, chairman of Air Peace, has warned that airlines may suspend operations across Nigeria within seven days if aviation fuel prices are not reduced. Speaking to journalists after a stakeholders’ meeting with regulators and the minister of aviation, Festus Keyamo, Onyema said the rising cost of jet fuel has become unsustainable for operators. He…
The African Democratic Congress (ADC) has criticised President Bola Tinubu over a fresh request for a $516 million external loan, describing the move as a continuation of what it called reckless borrowing. Tinubu had, in a letter addressed to Senate President Godswill Akpabio, and read during Thursday’s plenary, sought approval of $516,333,007 foreign loan to support…
Bayo Onanuga, special adviser to the president on information and strategy, has clarified that Wale Edun, former minister of finance and coordinating minister of the economy, resigned from office on health grounds and was not sacked. In a statement on Wednesday, Onanuga explained that Edun submitted his resignation before President Bola Tinubu approved the cabinet…
Tope Fasua, special adviser to the president on economic affairs, says the economic reforms introduced by President Bola Tinubu are already producing positive outcomes. Fasua spoke on Morning Brief on Channels Television on Wednesday, where he defended the administration’s economic direction. He said the government has implemented bold reforms that previous administrations avoided, including fuel…
Alex Otti, governor of Abia state, says the state government has partnered with the federal government to construct 1,200 housing units in Umuahia. In a post on X on Wednesday, the governor said he performed the groundbreaking ceremony for the project under the Federal Housing Authority’s Renewed Hope Housing Programme. Otti said the initiative is…
President Bola Tinubu has approved a minor cabinet reshuffle, removing Wale Edun as minister of finance and appointing Taiwo Oyedele as his replacement. In a statement issued by the office of the secretary to the government of the federation, George Akume said Edun has been directed to hand over to Oyedele, who will now serve…
Some of the most luxurious hotels in Africa are found in Nigeria, which provide the world-class services, high-level comfort, and the amazing experience. These are not mere hotels to sleep but hotels that cater to the high-net-worth, business executives, celebrities, and tourists who want the best hospitality services. These are the top 10 most expensive…
The Lagos State Government has intensified its fight against open defecation by deploying 1,710 public toilets across the state. The facilities have been strategically placed in busy areas such as markets, motor parks, and densely populated communities to ensure easy access for residents and visitors. Officials say the move is part of a broader plan…
