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Nigeria is experiencing a notable paradox in its energy sector, marked by a growing reliance on foreign feedstock to support domestic refining operations. Despite being a major global producer of crude oil, the country has significantly increased its imports of American crude over the past two years. Between January 2024 and January 2026, Nigeria imported […]

The Managing Director and Chief Executive Officer of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, has announced that the agency currently serves as a major engine for job creation in Lagos State. He stated that over 100,000 youths are directly and indirectly employed across the authority’s operational value chain. Dr. Gbadegesin made this […]

The Central Bank of Nigeria (CBN) has significantly tightened its control over the financial system, resulting in an interbank system deficit that has reached ₦4.1 trillion. This strategic maneuver is part of a broader, deliberate effort by the apex regulator to drain excess liquidity from the economy. The primary motivation behind this aggressive tightening is […]

The Africa Finance Corporation (AFC) has secured a five-year, $100 million loan facility from the Export-Import Bank of India. This financial agreement, signed during the AFC’s Investor Day in London, is designed to bolster the corporation’s funding base as it accelerates investment in critical infrastructure and industrial projects across the continent. The transaction highlights the […]