NIGERIA’S ECONOMY GROWS FASTER, MOVING TOWARDS USD 1 TRILLION TARGET
Nigeria’s economy is growing at a faster pace. New figures show the country’s Gross Domestic Product, GDP, rose by 4.43 per cent in the second quarter of 2026. That is higher than the 4.23 per cent recorded in the same period last year, and 3.89 per cent in the first quarter of this year.
PENCOM ADDRESSES CONCERNS OVER PENSION INCREASES FOR LAGOS STATE RETIREES
The National Pension Commission, PenCom, has responded to concerns raised by retirees under the Contributory Pension Scheme in Lagos State. The pensioners are worried about delays in the payment of approved pension increases and wage awards.
SEC SAYS T+1 SETTLEMENT ADOPTION GOING SMOOTHLY IN NIGERIA’S CAPITAL MARKET
The Securities and Exchange Commission, SEC, says the adoption of the T+1 settlement cycle in Nigeria’s capital market is going on smoothly. The Commission described the development as one that has enhanced market competitiveness and given relief to investors.
TEGBE ASSURES INDUSTRIES OF POWER SUPPLY, WARNS AGAINST ENERGY THEFT
The Minister of Power, Joseph Tegbe, has assured industries along the 132kV Ikorodu-Sagamu corridor of sustained electricity supply, while warning that the Federal Government will take firm action against energy theft, meter tampering and other practices undermining the power sector.
NIGERIA RECORDS $947M JULY REMITTANCES, NEARS CBN’S $1BN MONTHLY TARGET
Nigeria recorded $947 million in remittance inflows through International Money Transfer Operators (IMTOs) in July 2026, the highest monthly inflow ever recorded through formal channels and a significant step towards the Central Bank of Nigeria’s (CBN) $1 billion monthly target.
NISO BLAMES TRANSMISSION LINE OUTAGES FOR RECENT CHANGES IN POWER ALLOCATIONS
The Nigerian Independent System Operator (NISO) has attributed recent changes in power allocations to Distribution Companies (DisCos) serving Lagos, Abuja and the northern corridors to multiple transmission line outages and changes in network configuration.
FG SEEKS STATES’ OWNERSHIP OF NATIONAL WATER COMPACT TO BOOST NIGERIA’S WATER SECURITY
The Federal Government has called on Nigeria’s 36 states and the FCT to take greater ownership of the Nigeria National Water Compact 2026 to 2030. The Minister of Water Resources and Sanitation, Engr. Prof. Joseph Terlumun Utsev, said states’ participation is critical to strengthening the country’s water security.
50 CUSTOMS OFFICERS GRADUATE FROM NCCSC GWAGWALADA
Fifty officers of the Nigeria Customs Service (NCS) have graduated from the three-month Junior Course 25 at the Nigeria Customs Command and Staff College (NCCSC), Gwagwalada, Abuja, in a move aimed at strengthening professional competence and leadership within the service.
TCN UNVEILS LOAD AND OUTAGE ANALYTICS PLATFORM TO BOOST GRID RELIABILITY
The Transmission Company of Nigeria (TCN) has unveiled a new Load and Outage Analytics platform designed to improve monitoring, analysis and management of the national transmission network.
TCN EXPLAINS TRANSFORMER FAULT, CLARIFIES CAUSE OF LEKKI OUTAGE
The Transmission Company of Nigeria (TCN) has dismissed as inaccurate a publication by the Eko Electricity Distribution Company (EKEDC) concerning an outage at the Lekki Transmission Substation, clarifying that its transformer did not trip unexpectedly as claimed.