Topic Archive

#Nigeria economy

Federal Government Sets Dec 20 Deadline to Pay Contractors

The Federal Government has set December 20, 2025 as the deadline to clear outstanding payments owed to contractors, aiming to fast-track infrastructure delivery and restore confidence in project execution.

95News•12/5/2025

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OPay Bags Double Honours at Tech Innovation Awards

Fintech giant OPay has clinched two major awards at the Tech Innovation Awards 2025, underscoring its growing influence in Nigeria’s digital financial services sector.

95News•12/5/2025

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RCCG Spends ₦40m on Free Bus-to-Work Scheme in Lagos, Ogun

The Redeemed Christian Church of God (RCCG) has spent ₦40 million on its free bus-to-work initiative in Lagos and Ogun States, aimed at easing transportation challenges for commuters.

95News•12/5/2025

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FG Contractors Launch Fresh Protest Over N500bn Debt

Local contractors under the All Indigenous Contractors Association of Nigeria on Tuesday staged a fresh protest at the Federal Ministry of Finance in Abuja, demanding payment of over ₦500 billion owed for completed government projects, accusing the Federal Government of repeated delays and broken promises.

95News•12/3/2025

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Economists Challenge FG’s Assessment of Nigeria’s Economic Performance

Economic experts are challenging the Federal Government’s claims of robust growth, arguing that persistent inflation, unemployment, and infrastructure gaps paint a more complex picture of Nigeria’s economy.

Oluwabunmi Ayeni•11/15/2025

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Tinubu Approves Sweeping NNPC Shake-Up Amid Oil Output Concerns

President Bola Tinubu has approved a major overhaul of the Nigerian National Petroleum Company Limited (NNPCL), removing its top leadership in a bid to address declining oil production and revitalize the sector.

95News•11/11/2025

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CBN affirms bank recapitalisation as key to Nigeria’s $1 trillion economy target by 2030

The Central Bank of Nigeria (CBN) has emphasized that its ongoing bank recapitalisation initiative is essential to achieving the Federal Government’s ambition of building a $1 trillion economy by 2030.

95News•11/7/2025

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Nigeria’s Excess Crude Account Records 13% Growth Over Two Years

Nigeria’s Excess Crude Account increased by 13% in two years, reaching $535,823.39, while other reserve funds saw sharper growth.

95News•11/5/2025

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Minister Adelabu Disburses ₦100m Grants to Traders and Artisans in Oyo

In a major empowerment initiative, Nigeria’s Minister of Power, Adebayo Adelabu, has distributed ₦100 million in grants to traders and artisans across Oyo State. The funds are part of a broader effort to support small-scale entrepreneurs, stimulate local commerce, and reduce poverty. Beneficiaries include market women, tailors, mechanics, and other informal sector workers. The grant program aligns with President Bola Tinubu’s Renewed Hope Agenda and aims to strengthen grassroots economic resilience amid rising inflation and unemployment.

95News•11/1/2025