Nigeria

South-East States Pursue Regional Industrial Cooperation Following Enugu Economic Forum

Posted on by Newswire & Public Relations Agency
South-East States Pursue Regional Industrial Cooperation Following Enugu Economic Forum

Governors of the South-East Nigeria have advanced discussions on regional industrial cooperation following an Inter State Economic Cooperation Forum held in Enugu, Enugu State, in late November 2025. The forum was convened under the auspices of the South-East Governors Forum and hosted by the Government of Enugu State as part of a renewed effort to coordinate economic development strategies across the region. The meeting brought together the governors of Abia, Anambra, Ebonyi, Enugu, and Imo…

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Federal Authorities Emphasize Financial System Stability Amid Economic Reforms

Posted on by Newswire & Public Relations Agency
Federal Authorities Emphasize Financial System Stability Amid Economic Reforms

Nigeria’s fiscal and monetary authorities have reiterated their commitment to maintaining financial system stability as economic reforms progress. Officials highlighted the role of prudent fiscal management, robust banking supervision, and policy coordination in safeguarding confidence. The Central Bank of Nigeria continues to prioritize capital adequacy, risk-based supervision, and oversight of digital financial services. Market participants described the regulatory stance as essential for preserving systemic resilience. Africa Signal Financial Analysts note that a stable financial system…

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Federal Government Accelerates Power Sector Reforms to Strengthen Grid Reliability

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Federal Government Accelerates Power Sector Reforms to Strengthen Grid Reliability

The Federal Government of Nigeria has intensified reforms in the electricity sector with renewed emphasis on improving grid reliability and reducing system disruptions. The Honorable Minister of Power, Chief Adebayo Adelabu earlier today reaffirmed his focus on grid stability and universal metering, addressing legacy financial audits from 2022 to maintain transparency. Officials also confirmed that ongoing interventions focus on transmission upgrades, system redundancy, and improved coordination among generation and distribution entities. According to sector regulators,…

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Federal Government Strengthens National Power Grid Stabilization Programme

Posted on by Newsroom Operations
Federal Government Strengthens National Power Grid Stabilization Programme

The Federal Government has intensified efforts to stabilize the national electricity grid as part of a broader reform agenda aimed at improving power supply reliability across Nigeria. Recent interventions include the upgrade of key transmission lines, reinforcement of substations, and improved system monitoring coordinated by the Transmission Company of Nigeria in collaboration with generation and distribution companies. Officials at the Ministry of Power noted that the programme is designed to address long standing structural weaknesses…

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Non-Oil Exports Drive Increased Cargo Throughput at Nigerian Ports

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Non-Oil Exports Drive Increased Cargo Throughput at Nigerian Ports

Nigerian seaports have recorded a measurable increase in non oil export volumes, reflecting gradual diversification in the country export profile. Data from the Nigerian Ports Authority shows rising shipment of agricultural commodities, processed foods, solid minerals, and manufactured goods through major ports. Port officials attribute the growth to a combination of policy incentives, improved cargo handling processes, and growing international demand for Nigerian products. Investments in port digitisation and streamlined documentation have also contributed to…

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