•As Nigerians, businesses groan over 3,885.72MW generation;  •NERC: Metering, billing, supply interruptions dominate complaints •DISCOs’ ATC&C losses hit 36.23% in Q2 By Ediri Ejoh Nigerians and businesses are set to grapple with worsening electricity supply as power generation yesterday plunged by 37.17 per cent to 3,885.72 megawatts (MW), even as electricity consumers filed 184,024 complaints […]

•120 projects attract $47.6bn investment since 2024 •Nigeria accounts for 38% of Africa’s upstream investment •1.82mbpd figure includes condensate By Obas Esiedesa, Abuja The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, yesterday announced the offer of 40 oil blocks in the 2026 licensing round, as Nigeria intensifies efforts to attract fresh capital into the upstream sector, […]

By Oneme Onyeme The Nigerian Economic Summit Group (NESG) has urged state governments to take the lead in driving economic growth and development by leveraging their unique economic potentials, improving the investment climate and creating jobs to promote shared prosperity across the country. The call was made ahead of the 32nd Nigerian Economic Summit (NES […]

•Says rising pre-election spending may derail reforms •Raises Nigeria’s 2026 growth forecast to 4.3% •Projects 15.7% inflation rate for 2026 •44% of firms in Nigeria, Kenya adopt AI, power constraints threaten gains By Babajide Komolafe, Economy Editor  The World Bank has warned that elevated fuel prices could slow Nigeria’s poverty reduction efforts despite an expected […]

By Rosemary Iwunze The Nigeria’s insurance industry recapitalisation exercise formally closed on July 31, 2026, with 48 insurance companies and two reinsurers scaling through, while six insurance licences were cancelled after the affected operators failed to meet the regulatory threshold. Following the successful recapitalisation exercise, the real test of the reform shifted from how much […]