Nigeria’s Power Grid Fell to 1,132 Megawatts
Nigerian electricity generation collapsed to 1,132 megawatts on Saturday night. Distributors began load shedding and no official explanation followed.
August 24, 2026Topic
Nigeria
Nigeria Has Drawn on a US$5 Billion Abu Dhabi Loan It Will Not Explain
The Nigeria Abu Dhabi loan is a US$5 billion swap secured on federal bonds, and the finance minister says its...
August 23, 2026
Nigeria Would Make Crypto Exchanges Base Their Chief Executive There
Draft Nigeria crypto rules published on 20 August would require an exchange to keep its chief executive in the country,...
August 23, 2026
Nine in Every Ten Naira Traded in Lagos Now Comes From Nigerians
Nigeria stock market domestic investors drove 89.21% of trading to July 2026, even as US$4 billion came off the exchange...
August 22, 2026
Nigeria’s Biggest Banks Cannot Publish Their Half-Year Accounts Yet
Nigeria bank results for the first half of 2026 have slipped to late September and October at GTCO, Zenith and...
August 21, 2026
Nigeria Approved a US$45 Million Rail Link to Its Lagos Ports. Almost Nobody Noticed
Nigeria ports and rail links are the missing piece around the Dangote refinery. A US$45.3 million line to four Lagos...
August 20, 2026
A Small Nigerian Refinery Has Been About to Start Making Petrol Since 2024
Aradel petrol production at the Ogbele refinery is now promised for 2027. The same unit was called mechanically complete in...
August 20, 2026
Nigeria Cement Prices Probed as Regulator Summons the Biggest Producers
Nigeria cement prices rose from about US$7 a bag in January to as much as US$11 by July. The FCCPC...
August 20, 2026
Nigeria Shuts an Insurer That Could Not Raise Enough Capital
NAICOM revoked the Universal Insurance licence after the company missed Nigeria's new minimum capital requirement. A liquidator was appointed the...
August 20, 2026