Author: Ogochukwu Ndubuisi

Nigeria, 12 Others to Get AfDB’s $3.9m Energy Support The African Development Bank (AfDB) has approved a $3.9 million technical assistance project to support Nigeria and 12 other African countries in implementing their National Energy Compacts under Mission 300. This initiative aims to connect 300 million Africans to electricity by 2030. The project, known as AESTAP Mission 300 Phase II, will provide direct technical support to the beneficiary countries over the next 24 months, enabling them to move from documented energy plans to actual electricity connections for homes, schools, hospitals, and businesses. The countries benefiting from this phase are Chad,…

LFTZ Customs Revenue Increases to N742.3bn Lagos Free Trade Zone (LFTZ) Command of the Nigeria Customs Service (NCS) says it generated N742.3 billion in revenue in 2025. The Customs Area Controller of the command, Comptroller Hauwa Abubakar, disclosed this in Lagos during a Reputation Management Workshop. She said that the figure represented a 101.7 per cent increase over the N359.0 billion recorded in 2024. Abubakar attributed the increase to improved professionalism, discipline and operational efficiency among officers. She said sustained revenue growth was closely linked to the Service’s credibility, noting that ethical conduct and transparency were critical to maintaining the…

EU calls Seeks Immediate Ceasefire in South Sudan The European Union (EU), on friday called for an immediate ceasefire in the escalating security situation in South Sudan, especially in Jonglei State. The bloc made the call in a statement by Mr Anouar El Anouni, the Spokesperson for EU Foreign Affairs and Security Policy. He said that an immediate ceasefire was the only guarantee for peace and stability in South Sudan. According to him, the EU follows with concern the escalating security situation in South Sudan, especially in Jonglei State and calls on all parties to return to the terms of…

NNPC Ltd Unveils Gas Master Plan 2.0 .As part of ongoing efforts to reposition Nigeria’s gas sector as the engine room of national industrialisation, energy security, and sustainable economic growth, the Nigerian National Petroleum Company Limited (NNPC Ltd) has officially unveiled its Gas Master Plan (GMP) 2026, tagged NGMP 2026. The unveiling, held at the NNPC Towers in Abuja on Friday, 30th Jan, 2026 marks a strategic inflection point in Nigeria’s energy transition journey, underscoring government’s resolve to translate the nation’s vast gas endowment into tangible economic value, infrastructure expansion, and global competitiveness, in alignment with its long-term development aspirations.…

Senate to Pass N58.trn 2026 Budget March 17 The Senate on Friday fixed March 17 for final consideration and passage of the N58. 472 trillion 2026 budget. The Senate Committee on Appropriations, at a special session held in Abuja, fixed Feb. 2 to Feb 13 for consideration of the budget estimates at committee levels. Chairman of the committee, Sen. Solomon Adeola, also fixed Feb. 9 for public hearing on the budget proposal. According to Adeola, a Professor of Economics from University of Lagos, Wasiu Adeoye, will make a power-point presentation during the hearing on the budget. He gave the topic…

ECOWAS Bloc Hits 4.6% Growth Amid Global Economic Headwinds — President ECOWAS President, Dr Omar Touray, says the bloc recorded 4.6 per cent economic growth in 2025, in spite of global economic challenges, and envisages 5 per cent growth in 2026. Touray disclosed this on Thursday in Abuja during a meeting with development partners, while highlighting the commission’s 2025 Annual Report. He said that ECOWAS outperformed the continental average in 2025 through structural reforms, rising investment in mining and energy, improved regional trade facilitation, and a strong rebound in services, transport and tourism. “This robust performance is driven by structural…

Linkage Assurance PBT Slides to N4.32bn as Insurance Revenue Rises Linkage Assurance Plc on Thursday reported a profit before tax (PBT) of N4.32 billion for its unaudited 2025 financial year, down from N5.28 billion recorded in 2024. This is according to a corporate disclosure by the company through the Nigerian Exchange Ltd. on Thursday. The company’s profit after tax (PAT) also fell to N4.02 billion from N5.5 billion in the previous year, in spite growth in the company’s core insurance operations. Insurance revenue rose by 24 per cent to N27.6 billion in 2025, up from N22.2 billion in 2024. The…

Experts warn that data breaches and cybercrime are causing havoc worldwide, with estimated annual costs reaching a staggering 10.5 trillion dollars.

Bitcoin (BTCUSD) fell 5.54% over the last 24h to around $84k, underperforming the broader cryptocurrency market’s 5.04% drop. The decline has knocked down global market capitalisation below $3 trillioin, as Ethereum and other top altcoins plunged.

BUA Foods Plc., the most valuable fast-moving consumer goods (FMCG) company on the Nigerian Exchange