Goddy Ikeh
The Electricity distribution companies (Discos) recorded a shortfall of over N202bn in their revenue collections for the first quarter of 2025, despite a rise in electricity billing across the country, according to the official industry data.
The Nigerian Government says that the removal of the petrol subsidy by President Bola Tinubu ended a historic financial drain that cost Nigeria over $84bn and has helped finance 40 critical road projects across the country in two yea
The African Reinsurance Corporation has reported an overall net profit of $22.5m for the first quarter of 2025, marking a 32.5 per cent increase compared to the $16.9m profit in the same period in 2024.
The African Reinsurance Corporation has reported an overall net profit of $22.5m for the first quarter of 2025, marking a 32.5 per cent increase compared to the $16.9m profit in the same period in 2024.
Nigeria’s Minister of Solid Minerals Development, Dr Dele Alake, has launched a capacity enhancement programme for the first batch of Nigerian mining professionals at Murdoch University, Australia.
Nigeria’s Minister of Budget and Economic Planning, Senator Atiku Bagudu, says that President Bola Tinubu’s “bold reforms” are steadily preparing Nigeria’s economy for lasting recovery and growth, despite current hardships.
Nigeria’s Building Collapse Prevention Guild has decried the number of deaths caused by building collapse cases nationwide, stating that Nigeria witnessed 1,616 deaths in 653 reported incidents of building collapse between October 1974 and May 25, 2025.
Brazil’s state-run oil giant, Petrobras, has declared its interest in deepwater exploration blocks in Nigeria and other African countries, while retaining its principal region of development outside South America.
In line with Decision [Assembly/AU/Dec.631(XXVII)] of the African Union Assembly of Heads of State and Government and Article 6(g) of the African Peer Review Mechanism (APRM) Statute (2020), which together mandate the APRM to provide support to African countries in the field of credit ratings.
Ghana’s inflation rate fell significantly to 18.4 per cent in May 2025, marking a continued slowdown from the 21.2 per cent recorded in April and extending the country’s disinflation trend for a fifth consecutive month.