Nigeria

Nigeria’s Oil Dependency: Time to Break the Curse

Posted on by Newsroom Operations
Nigeria’s Oil Dependency: Time to Break the Curse

Nigeria has lived under the shadow of oil for too long. Every budget cycle, every foreign exchange crisis, every political promise seems to circle back to crude. Yet, as the News Agency of Nigeria (NAN) recently reported, there are signs of change: non‑oil exports hit $6.1 billion in 2025, and the government is training tens of thousands of exporters to expand capacity. Finance Minister Wale Edun even projects 4.7% GDP growth in 2026, with ambitions…

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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

Posted on by Newswire & Public Relations Agency
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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