Petroleum marketers have rejected the Federal Government’s proposed plan to cap petrol supply costs at ₦1,350 per litre, arguing that price controls are not the best way to address the country’s fuel challenges. The Major Energies Marketers Association of Nigeria said market competition, transparent pricing and more efficient distribution would provide a better approach to […]
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The Federal Government has said it has no plans to increase electricity tariffs in 2027, dismissing reports circulating on social media about a possible increase. The position was reported by Nigeria Info FM on Friday, October 16. The announcement comes as households and businesses continue to face pressure from electricity costs and the wider cost […]
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The Federal Government has reopened the First Niger Bridge linking Onitsha in Anambra State with Asaba in Delta State following about 38 days of closure for emergency rehabilitation. Minister of Works David Umahi announced the reopening on Thursday, October 15, after repair work was completed. The bridge was closed on September 7 after concerns were […]
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Kenya is in talks with the World Bank and the African Development Bank (AfDB) to secure additional financing for its budget, according to Central Bank Governor Kamau Thugge. The discussions are aimed at securing external funding during the current financial year. The government is considering different financing options, including support from the World Bank and […]
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The Africa Finance Corporation (AFC) is exploring investments in iron ore and uranium as it expands its presence in Africa’s mining and critical minerals sectors. Franklin Edochie, the corporation’s deputy director and head of mining and metals, disclosed the plan during a mining conference in Cape Town, South Africa. The Lagos-based institution already has interests […]
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The disagreement between the Federal Government and the Nigeria Labour Congress (NLC) over minimum wage negotiations has continued, raising concerns about possible industrial action. The NLC has rejected the government’s response to its 14-day ultimatum. The union wants preparations for a new minimum wage review to begin immediately, arguing that rising living costs continue to […]
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Nigeria’s headline inflation rate fell to 14.63 per cent in September 2026, down from 15.39 per cent in August, according to the National Bureau of Statistics. The figures released on Thursday show that the annual rate of price increases has continued to slow. However, many Nigerians are still struggling with the cost of food, transport, […]
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The Debt Management Office (DMO) has announced plans for the Federal Government to raise ₦5.75 trillion through domestic bonds in the final quarter of 2026, as government borrowing continues to increase. Under the proposed issuance calendar, the government plans to offer ₦1.75 trillion in October, ₦2 trillion in November and another ₦2 trillion in December. […]
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Fresh concerns over another increase in petrol prices have emerged in Nigeria following a rise in global crude oil prices to $106 per barrel. The development has raised questions about the sustainability of the Federal Government’s temporary fuel price relief initiative. The increase in crude oil prices comes amid renewed security tensions in the Middle […]
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Nigerian investors are exploring business opportunities in Uganda across several industries, including cement manufacturing, pharmaceuticals, fish processing, beef production and palm oil. The Nigerian High Commission in Uganda said a delegation of investors was engaging with government ministries, departments and agencies to understand the requirements for establishing businesses in the East African country. The visit […]
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