Oyedele at UNGA: ‘Africa needs affordable capital to finance infrastructure’
The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has called for a major shift in the global approach to financing Africa’s development, urging the international community to make affordable, long-term capital available for infrastructure and energy projects across the continent. Oyedele, who made the call at the United Nations Dialogue […]
FG to unveil power sector scorecards, may sanction underperforming DisCos, GenCos
The Federal Government (FG) is set to introduce performance scorecards for operators across Nigeria’s electricity value chain, with underperforming distribution and generation companies (DisCos and GenCos) to face sanctions while high-performing operators will be rewarded. Meanwhile, Nigerians spent an estimated N16.5 trillion on self-generated electricity in 2023, compared with about N1 trillion in revenue generated […]
Naira down to N1,405/$ in parallel market
The Naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,400 per dollar on Wednesday.
Experts seek reforms to unlock poultry industry’s potential
By Kafayat kokumo Experts have called for reforms, increased investment, innovation and stronger collaboration among stakeholders to unlock the full potential of Nigeria’s poultry industry, to enhance food security, job creation and economic growth. Speaking recently at the Poultry Association of Nigeria (PAN), Lagos State Chapter summit themed, “Flocking to Growth: Transforming Nigerian Poultry Industry […]
Lagos gets 360MW boost as FG upgrades four substations
By Obas Esiedesa & Mariam Eko The Federal Government (FG) has commissioned the upgraded transmission facilities in four major substations in Lagos, adding about 360 megawatts (MW) of transmission capacity to boost electricity supply across the state. The projects at Ijora, Apapa Road, Alausa and Lekki substations are expected to strengthen bulk power delivery to […]
NESG projects inflation to average 15.5% in H2’26
By Peter Egwuatu The Nigerian Economic Summit Group (NESG) has projected Nigeria’s inflation to remain elevated during the remainder of 2026, averaging 15.5 percent in the second half 2026, H2’26, and for the entire year. This projection is premised on persistent challenges including widespread insecurity in major farming communities, climate-related disruptions particularly flooding and high […]
