Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss
Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined a blueprint for building a resilient Nigerian economy, calling for deliberate policies and stronger collaboration across the public and private sectors to transform economic stability into inclusive prosperity. Alawuba made the call […]
IMF warns stablecoins cannot replace fiscal discipline as global debt risks mount
By Peter Egwuatu The International Monetary Fund (IMF) has warned that the growing adoption of dollar-backed stablecoins must not be allowed to weaken fiscal and monetary discipline in countries whose currencies and assets underpin the digital tokens. According to a statement released by the IMF, its Managing Director, KristalinaGeorgieva, who spoke at the Jackson Hole […]
Electricity subsidy bill hits N1.92trn in 2025 — NERC
By ObasEsiedesa, Abuja The electricity tariff subsidy obligation of the Federal Government (FG) stood at N1.92 trillion in 2025, as the government continues to absorb the gap between cost-reflective electricity tariffs and rates paid by customers, according to the Nigerian Electricity Regulatory Commission (NERC). NERC, in its 2025 industry report, put the government’s gross tariff […]
Nigeria’s GDP rises 4.4% as oil sector rebounds
By Elizabeth Adegbesan The National Bureau of Statistics (NBS), yesterday, said that the Nigerian economy expanded in real terms by 4.43 percent year-on-year, YoY, in the second quarter of 2026, Q2’26 from 4.2 percent in Q2’25. NBS disclosed this in its Gross Domestic Product, GDP, report for Q2’26 noting that both the oil and non-oil […]
Dangote Refinery secures court orders against NMDPRA
Justice Akintayo Aluko made the order on Monday while granting a motion ex parte in suit marked FHC/L/CS/1174/26, filed and moved by lawyers to the Dangote Petroleum Refinery led by Olawale Akoni, SAN.
Nigeria’s GDP grows 4.43% in Q2’26 — NBS
By Elizabeth Adegbesan ABUJA — Nigeria’s economy expanded by 4.43 per cent year-on-year in real terms in the second quarter of 2026, Q2’26, up from 4.23 per cent recorded in the corresponding quarter of 2025, the National Bureau of Statistics (NBS) said on Monday. The latest figure was contained in the NBS Gross Domestic Product […]
