NIGERIA Archives - Page 3 of 5

Nigeria Engages Foreign Investors At Presidential Villa As PEBEC Addresses Business Climate Concerns

NewsDeskNgMar 7, 2026March 7, 20260

PEBEC hosts foreign investors, diplomats and regulators in Abuja dialogue to address security, taxation and regulatory challenges. The Federal Government has intensified efforts to reassure foreign investors about Nigeria’s business environment, convening top executives, diplomats and regulators for a high-level investment dialogue at the Presidential Villa in Abuja. The meeting,...

Nigeria’s External Reserves Climb To $50.45 Billion, Highest Level In 13 Years

NewsDeskNgMar 6, 2026March 6, 20260

Nigeria’s external reserves rise to $50.45 billion, highest in 13 years, strengthening buffers for imports, debt servicing and currency stability. Nigeria’s foreign reserves have risen to their highest level in more than a decade, offering a rare moment of financial relief for Africa’s largest economy amid years of foreign exchange...

Nigeria Needs $23bn To Electrify 143,000 Underserved Communities, REA Reveals

NewsDeskNgMar 6, 2026March 6, 20260

Nigeria needs $23bn to expand electricity access to 143,000 communities as power shortage continues to hinder economic growth, says REA. Nigeria will require an estimated $23 billion to bridge electricity gaps in underserved and unserved communities nationwide, a revelation that underscores both the scale of the country’s energy deficit and...

SGF Akume Leads Nigeria’s Delegation To Jesse Jackson’s Burial in US

NewsDeskNgMar 5, 2026March 5, 20260

Tinubu appoints SGF Akume to lead five-member delegation representing Nigeria at burial rites of US civil rights icon Jesse Jackson. President Bola Tinubu has constituted a five-member delegation to represent Nigeria at the burial of American civil rights leader, activist and former presidential candidate, Rev. Jesse Jackson. Jackson, who died...

Nigeria Poised For AI Leadership As Education Stakeholders Push Data-Driven Reform

NewsDeskNgMar 2, 2026March 2, 20260

Experts say fixing data governance and institutional gaps is key to unlocking Nigeria’s AI potential in education. Nigeria could position itself as a continental leader in artificial intelligence if it strengthens data governance and institutional readiness, stakeholders declared at a high-level policy workshop in Abuja focused on modernising school administration...

Nigeria Moves To Expand Consumer Credit, Inaugurates CREDICORP Board

NewsDeskNgFeb 27, 2026February 27, 20260

FG inaugurates CREDICORP board as Nigeria targets consumer credit access for 50% of working Nigerians by 2030. Vice President Kashim Shettima has inaugurated the Board of the Nigerian Consumer Credit Corporation (CREDICORP), saying access to consumer credit is critical to Nigeria’s ambition of becoming a one-trillion-dollar economy. According to Shettima,...

Gencos Blame Regulatory Distortions, N6.2tn Debt For Nigeria’s 25.8% Power Capacity Utilisation

NewsDeskNgFeb 24, 2026February 24, 20260

Gencos cite regulatory risks, unpaid N6.2tn debt and weak PPAs for Nigeria’s persistent 4,000MW power generation. Nigeria’s power generation companies have attributed the country’s persistently low electricity output averaging about 4,000 megawatts from an installed capacity of 15,500MW, to deep-rooted regulatory distortions and operational constraints within the electricity market. The...

Until Rural Nigerians Are Immunised, No One Is Safe, Nigeria Must Declare Health Emergency

NewsDeskNgFeb 23, 2026February 23, 20260

Ugwanyi Charles warns that withheld funds and failing primary health centres threaten disease prevention and national health security. Chief Consultant Neurosurgeon and former Chairman of the Nigerian Medical Association (FCT chapter), Ugwanyi Charles, has called for an immediate state of emergency in Nigeria’s health sector, warning that current funding shortfalls...

Power expert Oyebanjo blames decades of underinvestment, weak planning, and lack of meritocracy for Nigeria’s grid failures.

NewsDeskNgFeb 23, 2026February 23, 20260

Power systems engineer and Managing Director of IDFON Power Engineering Consultants, Dr. Idowu Oyebanjo, has described Nigeria’s recurring national grid collapses as a “national disgrace,” blaming the crisis on decades of underinvestment, weak planning, and the absence of merit-based leadership in the power sector. Speaking during an interview on Sunday,...

Private Sector Commits Capital To Market-Driven Solutions For Nigeria’s Displacement Crisis

NewsDeskNgFeb 21, 2026February 21, 20260

Business leaders pledge investments, partner UN to drive inclusion, resilience and economic recovery for displaced communities A high-level private sector conference convened by the United Nations in Nigeria and strategic partners has ended in Lagos with strong commitments to deploy market-driven solutions to address the country’s protracted internal displacement crisis....