Nigeria’s trade surplus rises 91% to N7.55trn in Q1’26
By Progress Godfrey Nigeria recorded a 91 per cent, year-on-year, YoY increase in trade surplus to N7.55 trillion in the first quarter of 2026, Q1’26 from N3.95 trillion in the same period of 2025, Q1’25, driven by a sharp decline in imports and a modest rise in exports. The National Bureau of Statistics (NBS) disclosed this yesterday in […]
FG set to roll out N100bn solar programme for public institutions
By Obas Esiedesa The Federal Government has approved N100 billion under the National Public Sector Solarization Initiative (NPSSI) to provide reliable electricity to public institutions across the country. Managing Director of the Rural Electrification Agency (REA), Engr. Abba Aliyu, disclosed this yesterday, during a visit by the Administrator of NJI, Justice Babatunde Adejumo, to the […]
Dangote Refinery commits to energy stability amid global refineries shutdown
By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market. The ongoing conflict in the Middle East has led to the shutdown of some refineries and cuts in refinery production across the world, resulting in a global scarcity of petroleum […]
Capital projects ongoing, not abandoned —Finance Ministry
The Federal Ministry of Finance has clarified that capital projects across Nigeria remain active despite concerns over low cash releases to ministries, departments, and agencies (MDAs). While budget execution rates for some MDAs may appear low, capital project implementation has not been abandoned, the ministry said. The clarification, detailed in a document titled “Deepening Public Understanding of […]
How N3.7trn FG’s electricity project failed
•As experts list implications •FG begins new phase •Transmission, distribution challenges persist — Prof Oke •Missed targets impose costs on homes, businesses, economy — LCCI •Economic growth, job creation will remain subdued — CPPE •Tinubu’s GAMCO raises concerns •Areas of conflict need to be resolved — PowerUp Nigeria By Udeme Akpan, Energy Editor Despite the […]
Stock market edges higher amid surge in crude oil prices
·Investors may shift to energy related equities- Analysts By Peter Egwuatu The Nigerian stock market closed higher Week-on-Week, WoW, recording gains in four of the five trading sessions, amid rise in crude oil prices. Breakdown of the market shows that investors continued to accumulate fundamentally strong stocks across major sectors. The bargain hunting by market participants […]
