The Senate has approved President Bola Tinubu’s request for external loans totalling $6 billion to support government financing and infrastructure development. Tinubu had conveyed the request in two separate letters addressed to Godswill Akpabio, the Senate president, which were read during plenary on Tuesday. The upper chamber approved a $5 billion structured total return swap…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Has called on the World Bank to back a $22 billion initiative to expand gas infrastructure across Africa. Speaking at the Decade of Gas Ministerial Roundtable on Regional Gas Development. NMDPRA CEO Saidu Mohammed stressed that Nigeria poised to extend its gas ambitions beyond national borders…
The Nigerian Ports Authority (NPA) has proposed a revenue target of ₦1.489 trillion for the 2026 fiscal year, signaling an ambitious push to boost earnings from Nigeria’s port operations. The announcement made by Abubakar Dantsoho during the agency’s 2026 budget defence before the Senate Committee on Marine Transport. Focus on Efficiency and Port Reforms To…
BUA Foods Plc has announced a proposed dividend of ₦28 per ordinary share of 50 kobo, totaling a massive ₦504 billion payout to shareholders. The declaration follows the company’s record-breaking financial performance in 2025, reinforcing its position as one of Nigeria’s top-performing consumer goods firms. Strong Profit Despite Economic Challenges The dividend announcement highlights BUA…
International nonprofit TechnoServe, in partnership with The Coca-Cola Foundation, has launched PReP 2.0—an expanded phase of the Plastic Recycling Program in Nigeria. The initiative builds on earlier successes in southern Nigeria and aims to scale recycling efforts nationwide while creating sustainable economic opportunities. With Nigeria generating about 2.5 million metric tons of plastic waste annually….
Kenya has secured $2.9 billion in investment deals commitments during a high-level conference in Nairobi. Marking a significant win for the country’s economic growth strategy. The deals, totaling 20 agreements, are expected to create about 63,000 job. Providing a major boost to employment and private sector expansion. Investment deals Span Key Growth Sectors The agreements…
Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has officially resigned from his position as of March 30, 2026. However, The resignation confirmed by the ministry’s spokesperson. Marking the end of his tenure which began in August 2023 under President Bola Ahmed Tinubu. Also, Before his ministerial role, Tuggar served as Nigeria’s Ambassador to Germany from…
Nigeria has signaled a major economic shift toward investment-driven growth at the IsDB Group Day event in Lagos. However, The move, backed by President Bola Ahmed Tinubu’s reform agenda, marks a transition. From economic stabilisation to a stronger focus on attracting private capital, boosting productivity, and creating jobs. Also, Officials say this approach aimed at…
The Federal Government has announced that the long-awaited upgrade of Apapa Port and Tin Can Island Ports will begin in the second quarter (Q2) of 2026. However, The project, expected to span 48 months, aimed at modernizing two of Nigeria’s busiest and most critical trade gateways in Lagos. £746 Million UK-Backed Financing Deal Also, The…
The Nigerian Communications Commission (NCC) has directed telecom operators to compensate subscribers affected by poor service delivery with airtime credits. This move signals a tougher stance by the regulator as it seeks to hold telecom providers accountable. For recurring issues such as dropped calls, slow internet speeds, and network outages experienced by millions of Nigerians….
