Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
China moves to fast-track zero-tariff access for Nigerian exports
China has offered a significant boost to Nigeria’s export ambitions after its ambassador in Abuja, Yu Dunhai, announced that Beijing is prepared to fast-track a zero-tariff policy for Nigerian goods ahead of schedule. The move signals a fresh push to strengthen economic ties as both countries mark 55 years of diplomatic relations and prepare for the […]
Binding constraints slow manufacturing growth at 1.25% in Q3’25
By Yinka Kolawole Binding constraints have continued to slow down the growth of the manufacturing sector, with the sector recording a growth of 1.25 percent in the third quarter of 2025 (Q3’25), according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). Analysis of the Q3’25 GDP report […]
FG borrows N4.72trn through treasury bills sales in Q4’25
By Elizabeth Adegbesan As part of the Federal Government, FG’s borrowing plan for the 2025 budget, the Central Bank of Nigeria, CBN, has issued Treasury Bills, TBs, to raise N4.72 trillion in the fourth quarter of 2025 (Q4’25). This represents a 168 percent quarter-on-quarter (QoQ) increase when compared to N1.76 trillion sold in Q3’25. The CBN […]
Nigeria ranked among top global sources of cyber-attacks — Union Bank CEO
By Peter Egwuatu Nigeria has been ranked among top global sources of cybercrime given the reported huge losses in 2023. The Managing Director/ CEO, Union Bank Nigeria, Mrs.Yetunde Oni, revealed this during the 63rd Quarterly General Meeting, QGM, of the Association of Chief Audit Executives of Banks in Nigeria, ACAEBIN, held in Lagos over the weekend. […]
FG bans cash payments for its services
By Emma Ujah, Abuja Bureau Chief The Federal Government, FG, is set to implement full cashless policy in the collection of its revenues, banning cash payments, with effect from January 1, 2026. Under the arrangement there will be a new mandatory e-receipt system (FTeR) and full-scale rollout of the Revenue Optimisation (RevOp) Platform. A document released by […]
