Nigeria’s economic reforms may be improving some of the country’s financial indicators, but another problem is beginning to attract attention: foreign investors are becoming more cautious about putting money into Nigeria. The concern is not simply about whether Nigeria is a good investment destination. It is increasingly about timing. With the 2027 election approaching and…
Nigeria is setting some of its biggest energy targets in years, with the Federal Government pushing two fronts at the same time: getting millions of households to switch to cooking gas and expanding electricity access across the country. The timing is important. For many Nigerians, energy poverty is not just about whether the national grid…
A tanker overturning on a Lagos road should normally be a road safety emergency. But videos showing residents rushing to scoop diesel from an overturned tanker reveal something much bigger: poverty in Nigeria is pushing people towards risks they know could kill them. The recent Lagos tanker incident saw residents gather around spilled diesel with…
Nigeria says its subsidy reforms freed up ₦15.8 trillion between June 2023 and December 2025. But as crude oil prices climb again, the latest petrol price increase from the Dangote Refinery shows why the real test of the reforms is not simply how much government saves, but whether Nigerians can actually feel the benefit. Finance…
Nigeria’s fuel subsidy reform is now being tied to one of the country’s biggest long-term challenges: access to education. The Federal Government says the removal of the petrol subsidy generated an estimated ₦15.8 trillion in savings between June 2023 and December 2025. But the government has stressed that this money was not sitting in one…
Katsina State has attracted more than ₦489.4 billion in investment pledges across agriculture, manufacturing, energy, technology and enterprise development, giving Governor Dikko Umar Radda’s administration a major opportunity to reposition the state as a stronger business destination in northern Nigeria. The commitments came from the state’s 2025 Economic and Investment Summit, which brought together investors,…
The Dangote Refinery has secured a $1 billion underwriting programme as it prepares for a planned Initial Public Offering, bringing one of Nigeria’s biggest corporate projects another step closer to the public market. The programme includes a $600 million private placement that has already been funded, alongside another $400 million underwriting commitment that will support…
Nigeria’s monthly federal allocations have entered territory that would have seemed almost impossible a few years ago. Federation Account Allocation Committee, FAAC, distributions are now averaging more than ₦2 trillion per month, with the highest monthly distribution reaching about ₦2.8 trillion. The increase has been driven largely by changes in fuel subsidy policy, foreign exchange…
Nigeria is getting two pieces of economic news that appear positive on paper but could have very different meanings for households and businesses. Headline inflation fell from 15.91 per cent in June to 15.43 per cent in July, according to the National Bureau of Statistics. But food inflation moved in the opposite direction, rising to…
The Economic and Financial Crimes Commission has recovered $60 million from Nestoil Limited and paid the money to a consortium of creditor banks, but the bigger story is what the recovery says about Nigeria’s growing problem with large corporate debts. The payment is the first stage of a structured repayment plan agreed between Nestoil and…
