The naira exchange rate strengthened by 0.7 per cent week-on-week to N1,338.01 per dollar at the close of the week on Friday as increased foreign exchange...
Moody’s Ratings has changed Nigeria’s sovereign credit outlook from stable to positive, while affirming the country’s long-term foreign- and local-currency issuer ratings at B3. The rating...
MTN Group is seeking Nigerian investors to acquire up to 30 per cent stake in IHS Nigeria, to enable the group conclude the acquisition of IHS...
The Federal Government has launched a $1bn social protection programme targeting 7.6 million vulnerable households across Nigeria with a one-off N40,000 digital cash transfer. The Household...
Global index provider FTSE Russell is set to proceed with Nigeria’s reclassification from “Unclassified” to “Frontier Market” status, potentially ending months of uncertainty over the country’s...
Nigeria’s 11 electricity distribution companies (DisCos) left ₦669.49 billion in unpaid electricity bills in 2025, despite billing customers a total of ₦2.99 trillion during the year....
The Federal Government has set a target of increasing power supply to 6,500 megawatts (MW) by December 2026 and 8,000MW by the end of 2027. The...
