Economy

Tin Can Island Port Command says it exceeded its 2025 revenue target, highlighting stronger collections and renewed focus on port efficiency and compliance controls.

A reform summit estimate says Lagos could raise up to ₦1 trillion yearly through property tax, but success depends on credible property registers, valuation fairness, and public trust.

Nigeria’s power ministry says a grid shortfall tied to gas pipeline incidents should ease within 24–48 hours, again spotlighting infrastructure sabotage as a core stability risk.

Nigeria’s National Assembly is extending the 2025 budget timeline into early 2026 to reduce rushed year-end spending and curb the habit of running multiple budgets at once. Analysts say the real test will be whether releases and procurement timelines change too.

Nigeria and the World Bank have launched a $500m HOPE-GOV initiative to improve education and primary healthcare systems. The success of the programme will hinge on state-level accountability, staffing reforms, and outcome tracking—not just funding.

Fuel marketers say Nigeria still needs imports and multiple supply channels even as Dangote refinery output expands. The debate centres on resilience and competition, with warnings that over-reliance on one supply source could trigger shortages or monopoly risks.

NMDPRA data cited shows petrol supply jumped to 71.5m litres/day in November as NNPCL imports rose.

Capital importation reportedly dropped to $1.13bn in August as portfolio inflows cooled despite an uptick in FDI.

Reporting by The Punch indicates local government stakeholders are intensifying calls for direct disbursement of council allocations, arguing that state-level handling of the funds weakens grassroots service delivery.

Figures cited by Vanguard show Nigeria’s petrol supply rose sharply in November 2025, climbing to 71.5 million litres per day from 46 million litres per day in October.