Energy Crisis Remains Nigeria’s Biggest Barrier to Industrialisation — Sanusi
The Emir of Kano, Muhammadu Sanusi II, has identified Nigeria's persistent electricity shortage as the country's most significant barrier to ...
Tag: Nigerian Economy
Energy Poverty Costs Nigeria’s Food Sector ₦3.5tn Annually – BoA
Nigeria's persistent electricity deficit is costing the country's agricultural sector more than ₦3.5 trillion annually through avoidable post-harvest losses, according ...
Nigeria’s External Reserves Rise to 17-Year High of $51.86 Billion, Exceed CBN’s 2026 Forecast
Nigeria's gross external reserves climbed to $51.86 billion as of July 14, 2026, their highest level in more than 17 ...
Nigeria Crude Oil Output Hits Six-Year High as Pipeline Security Boosts Production
Nigeria's crude oil production rose to its highest level in more than six years in June 2026, underscoring the impact ...
Nigeria Inflation Eases to 15.91% in June as Food Prices Continue to Rise
Nigeria's headline inflation rate eased marginally to 15.91% in June 2026, compared with 15.93% in May, according to the latest ...
Nigeria’s Pension Assets Rise 51% to ₦31.48tn as PenCom Highlights Reforms
Nigeria's pension assets under the Contributory Pension Scheme (CPS) increased by 51% over the past two years to ₦31.48 trillion ...
PenCom Rejects Police CPS Exit, Seeks Full-Pay Pension Benefits
The National Pension Commission (PenCom) has ruled out the immediate exit of the Nigeria Police Force from the Contributory Pension ...
Nigeria’s Leather Industry Loses Billions as Ponmo Trade Drains Raw Materials
Nigeria's ambition to build a globally competitive leather industry is increasingly colliding with the country's growing appetite for ponmo, the ...
Naira Holds at N1,382/$ as Nigeria’s External Reserves Surpass $51 Billion
The Nigerian naira traded largely unchanged at N1,382.33 per US dollar in the Nigerian Foreign Exchange Market (NFEM) on Monday, ...
CBN Warns Businesses Against Rejecting Standard ₦100 Banknotes
The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard ...
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