Seven power plants across Nigeria are expected to experience gas supply constraints as Seplat Energy shuts down a major facility for scheduled maintenance, raising fears of potential electricity shortfalls and looming blackouts, the Nigerian Independent System Operator has warned. In a notice issued on Thursday, NISO alerted electricity market participants and consumers that the maintenance, […]
In a move to advance Nigerian trade facilitation, the Nigeria Customs Service has approved the activation of the Lagos Free Zone Green Channel, a dedicated corridor enabling the seamless, controlled movement of Free Zone cargo directly from the Lekki Deep Sea Port to the Lagos Free Zone. As the only Free Zone in Nigeria with […]
President Bola Tinubu has commended the Bank of Industry for disbursing N636bn to businesses in 2025, describing the figure as the highest annual financing volume in the institution’s history. The President, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the milestone validated his administration’s economic reform […]
The newly inaugurated Vice Chancellor of the Federal University Dutse, Professor Ahmad Gumel, has vowed to transform the institution into Nigeria’s premier hub for research-driven solutions and a center of excellence. PUNCH Online recalled that on December 14, 2025, the Governing Council of the Federal University Dutse, Jigawa State, approved the appointment of Prof. Gumel […]
The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market, allowing each BDC to purchase up to $150,000 weekly, according to a circular issued by the apex bank on Tuesday. The directive, dated February 10, 2026, was contained in a circular signed by the […]
On Thursday, May 29, 2025, the Nigerian Federal Government, through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), signed joint venture investment agreements with ten companies to develop gas processing plants and related infrastructure, aiming to unlock Nigeria’s vast gas potential, estimated at over 206 trillion cubic feet. The agreements, formalized in Abuja, include the […]
OPEC+, a coalition of 22 oil-producing nations heavily reliant on oil revenues, is set to further increase production this week, despite crude oil prices slumping to $60 per barrel, a level not seen since the pandemic-driven demand crash. The group’s decision follows pressure from U.S. President Donald Trump to lower prices and Saudi Arabia’s push […]
The National Assembly and civic organization BudgIT clashed on Tuesday, May 20, 2025, over allegations that lawmakers inserted 11,122 projects worth N6.93 trillion into the 2025 national budget. BudgIT claimed the projects, added without executive approval, were misaligned with the Medium-Term National Development Plan (2021–2025) and national priorities, accusing the legislature of turning the budget […]
The Lagos State Government announced on Tuesday, May 13, 2025, that it has attracted partnership deals worth over $13 trillion for sustainable infrastructural investments across various sectors of the state’s economy over the past six years. Speaking during a ministerial press briefing to mark the second year of Governor Babajide Sanwo-Olu’s second term at Alausa, […]
The Federal Government has emphasized the economic potential of President Bola Tinubu’s recently announced ‘Nigeria First’ procurement policy, projecting it could add approximately N3 trillion annually to the national economy. Speaking at a media briefing on Sunday, May 18, 2025, Minister of State for Industry, Trade and Investment, John Enoh, stated that the policy is […]