Power generation rises 3% to 4,681MW with 28 plants: After missing the December 31, 2024 deadline set by the Federal Government to generate 6,000 Megawatts of power, Nigeria’s average hourly electricity generation rose marginally by three percent in January 2025 to 4,681MW from 4,524MW recorded in December 2025, latest data posted by the Nigerian Electricity Regulatory Commission, NERC, has indicated.
Housing shortage worsens as pension funds slash real estate investment: Efforts to close the N21 trillion housing gap in Nigeria is under fresh threat as Pension Funds Administrators, PFAs, have slashed investment in the real estate sector by 91.6 per cent in five years.
Apapa-Moniya Standard Gauge: APM Terminals Sets Sights on Sustained Schedule: APM Terminals Nigeria has announced its commitment to a sustained schedule of the Apapa-Moniya Standard Gauge, ensuring the seamless flow of cargo to and from the Apapa port to the Nigerian Railway Corporation (NRC) freight yard at Moniya, Ibadan, Oyo State.
Windek Energy signs $100m LPG storage facility deal: Windek Energy Limited says it has secured a $100m contractor financing agreement with Cakasa Nigeria Limited for the construction of a 20,000 metric tonne Liquefied Petroleum Gas storage facility at the Liberty Oil and Gas Free Zone, Atabrikang, Akwa Ibom State.
FG, World Bank to mobilise capital market financing, others for infrastructure development: The Federal Government has initiated discussions with the International Finance Corporation (IFC), a member of the World Bank Group, to explore capital market financing and other funding options within Nigeria to drive infrastructure development through Public-Private Partnerships (PPPs).
BPE DG: $700m Delta Steel Company sold for just $30m: The Director General of the Bureau for Public Enterprises (BPE), Ayodeji Ariyo Gbeleyi, has revealed that Delta Steel Company, valued at over $700 million, was sold for just $30 million.
GCR assigns GLNG Funding SPV Plc’s national scale issuer ratings of BBB(NG)/A3(NG), supported by its expanding business but balanced against a modest financial profile, Outlook Stable: GCR Ratings (GCR) has assigned national scale long-term and short-term issuer ratings of BBB(NG) and A3(NG) respectively to GLNG Funding SPV Plc (GLNG SPV or the group), with the outlook accorded as Stable. Rated Entity / Issue Rating class Rating scale Rating Outlook GLNG Funding SPV Limited Long-Term Issuer National…
Fitch Maintains Dangote on Rating Watch Negative; All Ratings Withdrawn: Fitch Ratings has withdrawn Dangote Industries Limited’s (Dangote) National Long-Term Rating and senior unsecured rating of ‘B+(nga)’, while maintaining them on Rating Watch Negative (RWN).
Nigeria Set to Reclaim Top Spot as Africa’s Largest Economy; as Analysts Wait for NBS Rebased GDP Figures: A recent update by the National Orientation Agency (NOA) suggests Nigeria has regained its position as Africa’s largest economy based on a report credited to the World Bank Country Director for Nigeria, Dr Ndiame Diop.
DMO Announces Decline in External Debt Servicing, But Fiscal Concerns Remain: The Debt Management Office’s (DMO) latest quarterly publication on Nigeria’s public debt shows that the federal government of Nigeria’s (FGN) external debt service cost declined by -4% year-on-year (YoY) to US$1.3bn.
Tinubu raises 2025 budget from N49.7 trillion to N54.2 trillion amid additional revenue gains: According to data from the National Bureau of Statistics (NBS), capital importation into Nigeria in Q1 2024 was US$3.38bn, 198.06% higher than US$1.13bn recorded in Q1 2023.
Recapitalisation: Tier 3 banks in Nigeria likely to adopt M&A activity and licence downgrades – Fitch: Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely to pursue mergers and acquisitions (M&A) or downgrade their licences as they strive to meet the Central Bank of Nigeria’s (CBN) new paid-in capital requirements.
