Money supply rises 111% to N139trn
Analyst warns of inflationary risks, urges productive deployment By Peter Egwuatu Nigeria’s broad money supply, M3, more than doubled in three years to August 2026, rising by 110.6 per cent to N139.4 trillion, from N66.2 trillion in the corresponding period of 2023, amid sustained expansion in liquidity in the economy. M3 is the broadest measure […]
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 […]
Emzor raises N26.7bn bond to boost local drug manufacturing
By Yinka Kolawole Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange, in a major move to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma […]
