Economy

Nigeria’s grid recovered after a December 29 system disturbance, with NISO citing tripped units and transmission lines. Analysts say gas constraints and weak redundancy continue to make the network fragile.

Another national grid collapse triggered fresh blackouts and highlighted Nigeria’s system fragility. Stakeholders say restoring stability will depend on gas security, stronger transmission, and faster recovery protocols.

The World Bank is warning of rising debt pressures and urging export diversification and fiscal reforms. Higher global rates and servicing costs are squeezing developing economies, including Nigeria.

According to Punch, NIRSAL Plc says it is closing out 2025 with more than ₦100bn in approved credit guarantees for agriculture and agribusiness loans, posi…

Figures cited by The Nation show NIRSAL says it facilitated over ₦290bn in finance between 2013 and 2025 across production, processing, logistics, market d…

Nigeria’s external reserves reportedly rose by $4.39bn year-on-year to about $45.24bn, raising expectations of steadier FX buffers.

A review of 2026 state budgets shows many governors still depend on FAAC allocations and borrowing, raising questions about fiscal sustainability and capital project delivery.

States and local councils reduced bank borrowings by about ₦547.5bn in a year, aided by bigger FAAC inflows, according to CBN bulletin data cited by multiple outlets.

Lagos is moving to enforce planning laws more strictly, targeting unapproved use of informal public spaces while promising a more orderly urban environment.

Punch reports states and LGs cut bank debts by about ₦547.5bn, helped by stronger FAAC inflows.