The Central Bank of Nigeria has signaled a gradual economic comeback, pointing to a sharp drop in inflation and renewed investor confidence. According to Sidi Hakama, Nigeria’s headline inflation fell from 34.8% in late 2024 to 15.06% by February 2026 — a major improvement attributed to ongoing monetary reforms. She noted that the policies introduced…
Nigeria’s power sector tensions have escalated as the Federal Government and electricity generating companies (GenCos) clash over outstanding debts. The Minister of Power, Adebayo Adelabu, revealed that the government’s verified liabilities may be closer to ₦4 trillion. Significantly lower than the ₦6.3 trillion figure widely reported by industry stakeholders. This disagreement highlights ongoing issues around…
President Bola Tinubu has assured Nigerians that his administration will improve electricity supply across the country. Tinubu gave the assurance on Friday in a keynote speech at the All Progressives Congress (APC) national convention in Abuja. He acknowledged the persistent power challenges and said the government is taking steps to address them. “Many of you…
Representatives from three Akwa Ibom communities filed a lawsuit seeking N54 billion in damages against Mobil Producing Nigeria Unlimited, now known as Seplat Energy Producing Nigeria Unlimited (SEPNU). The plaintiffs, who represented Barracks, Nditia, and Okposo 2 communities, alleged that an oil spill in 2014 caused severe environmental damage to their lands and waterways. They…
The Federal Government is urging state governments to quickly sign onto a $500 million programme backed by the World Bank. The initiative, known as the HOPE Programme, is designed to drive improvements in education, healthcare, and governance across Nigeria. What is the HOPE Programme? The HOPE (Human Capital Opportunities for Prosperity and Equity) programme is…
The Federal Government has unveiled a bold reform plan to restructure and strengthen Nigeria’s cooperative sector, with key proposals including a Cooperative Bank and a nationwide digital identity system. The announcement was made by Aliyu Abdullahi, Minister of State for Agriculture and Food Security. Cooperative Bank in the Works At the heart of the reform…
Nigeria is stepping up its campaign to attract foreign investment, with the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, declaring that the Nigeria’s crude oil ranks among the best globally. However, Speaking at a major global energy event, the minister positioned Nigeria as a top destination for oil and gas investment. “One of…
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a strong directive to manufacturers, importers, and distributors across Nigeria: All consumer products must now be clearly labelled in English. The move is aimed at ensuring Nigerians fully understand what they buy and consume. Announcement at World Consumer Rights Day The directive was announced by…
The Federal Government has agreed to pay 35% of the ₦150 billion owed to indigenous contractors upfront, offering relief after months of tension and protests. However, The development was confirmed by Jackson Nwosu, President of the All Indigenous Contractors Association of Nigeria. Deal Reached After High-Level Talks Also, The agreement followed a crucial meeting between…
Governor Alex Otti of Abia State commissioned a 35 million beverage production facility in Aba on March 25, 2026. The plant, owned by Ultimum Limited, represents one of the largest private manufacturing investments in the state in recent years. As reported by ALO360, the commissioning ceremony took place in Osisioma Local Government Area and drew…
