BUSINESS Archives - Page 11 of 36

Tinubu Gov’t Pays ₦358 Billion Electricity Subsidy Amid Weak DisCos Collections 0
- BUSINESS, SLIDE
- July 7, 2026
The Federal Government spent ₦358.32 billion on electricity tariff subsidies during the first quarter of 2026, according to the latest report released by the Nigerian Electricity Regulatory Commission (NERC). The commission disclosed that the subsidy represented a 14.44 per cent decline from the ₦418.79 billion recorded in the fourth quarter of 2025. Despite the reduction,
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Fuel Price Standoff: IPMAN Threatens Nationwide Station Shutdown If FG Enforces Price Control 0
- BUSINESS, SLIDE
- July 1, 2026
Tension is mounting in Nigeria’s downstream petroleum sector after the Independent Petroleum Marketers Association of Nigeria (IPMAN) issued a stark warning that filling stations across the country could grind to a halt if the Federal Government proceeds with any move to impose price control on fuel sales. IPMAN’s spokesperson, Chinedu Ukadike, who addressed journalists on
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World Bank Greenlights $1.25bn Loan For Nigeria, Launches Six-Year Development Partnership 0
- BUSINESS, SLIDE
- July 1, 2026
The World Bank has approved a $1.25 billion loan for Nigeria under a new programme tagged “Nigeria Actions for Investment and Jobs Acceleration,” as the multilateral lender simultaneously unveiled a fresh Country Partnership Framework designed to guide its engagement with Africa’s most populous nation through 2032. The twin announcements were made in a statement released
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FG Holds Emergency Meeting Over Price Of Cooking Gas 0

June 23, 2026

The Federal Government has stepped up efforts to address the growing concern over rising cooking gas prices by convening an emergency stakeholders’ meeting aimed at finding practical solutions to stabilize the Liquefied Petroleum Gas (LPG) market across Nigeria. The high-level meeting, held amid increasing complaints from households and businesses, brought together government officials, regulators, gas

Cab Operators Threaten To Ground Operations At Lagos, Abuja Airports 0

Lagos, Nigeria – A looming disruption may hit operations at two of Nigeria’s busiest airports as more than 200 airport cab operators have threatened to suspend services within nine days over what they describe as unfavourable policies introduced by the Federal Airports Authority of Nigeria (FAAN). The affected operators, who provide transportation services at the

Nigeria, China Set For High-Level Political Consultations In July 2026 0

Abuja – Nigeria and the People’s Republic of China have concluded arrangements to hold a high-level political consultation meeting in July 2026 as both nations move to strengthen their strategic partnership and expand cooperation across critical sectors of their economies. The planned consultation emerged from a meeting between the Permanent Secretary of Nigeria’s Ministry of