FAAN, State Governments Owe NAMA N25.6bn as Funding Crisis Deepens
The Nigerian Airspace Management Agency (NAMA) is grappling with a worsening liquidity squeeze after outstanding debts owed by the Federal ...
Tag: Nigeria Economy
FG dismisses ‘shadow budget’ claims, says IMF report misrepresented
The Federal Government has dismissed allegations that it operates a "shadow budget" involving public spending outside the 2026 Appropriation Act, ...
PZ Cussons Nigeria Profit Jumps 388% on Asset Sale Despite Operational Pressures
PZ Cussons Nigeria Plc delivered a sharp increase in reported earnings for the financial year ended May 31, 2026, with ...
Dangote Says Blue Economy Investments Could Create 500,000 Jobs in Nigeria
President of Dangote Industries Limited, Aliko Dangote, has said that targeted investments across Nigeria's blue economy could create more than ...
BOI Disburses N644.9bn in 2025, Supports 1.68 Million Jobs
The Bank of Industry (BOI) disbursed N644.9 billion to businesses across Nigeria in 2025, supporting an estimated 1.68 million jobs, ...
Federal Government Spends N358.32bn on Electricity Subsidies Despite Ongoing Power Outages
The Federal Government spent N358.32 billion on electricity subsidies during the first quarter of 2026 as it continued to keep electricity tariffs ...
Dangote Refinery Spent $4.48 Billion on Crude Imports in Two Months, Says Lower Fuel Prices Are Coming
The Dangote Petroleum Refinery has revealed that it spent about $4.48 billion importing crude oil between May and June 2026, purchasing more than 40 ...
Nigeria’s Economy Shows Signs of Recovery as Key Sectors Drive Business Confidence
Nigeria’s economy is gradually showing signs of improvement as businesses, investors, and financial experts express cautious optimism about the country’s ...
Citi Sees Brent Crude Falling to $60–65, Raising Fresh Concerns for Nigeria’s Fiscal Outlook
Citigroup has warned that Brent crude prices could decline to between $60 and $65 per barrel by the end of ...
Manufacturers Demand End to Harassment, Multiple Taxation in Anambra
The Manufacturers Association of Nigeria (MAN) has urged authorities to curb the harassment of manufacturers by individuals allegedly operating as ...
