ECONOMY

Louisa Olaniyi Business Network > Blog > ECONOMY

March 14, 2026
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ECONOMY, News, SECURITY

Nigerian Navy Destroys Illegal Crude Oil Storage Site in Rivers State Under ‘Operation Delta Sentinel’

The Nigerian Navy has destroyed an illegal crude oil storage facility in the Bonny area of Rivers State as part of its intensified crackdown on oil theft and illegal...

March 10, 2026
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ECONOMY, News

Fuel Price in Nigeria Could Hit ₦2,000/Litre as Oil Surges to $117

Global oil markets have been jolted by a dramatic surge in crude prices, sparking fresh fears that petrol prices in Nigeria could climb toward ₦2,000 per litre if the...

March 5, 2026
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ECONOMY, News

Fuel Price Surge: NNPC Increases Pump Price, PMS May Hit ₦1,000

Fuel prices surged across Nigeria on Wednesday as the Nigerian National Petroleum Company (NNPC) and other marketers raised pump prices amid growing fears of scarcity. The spike follows a...

EBRD Approves €100m for Nigeria’s Project BRIDGE Fibre Expansion

February 27, 2026
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ECONOMY, News, Technology

FG Secures €100m EBRD Funding for Nigeria’s Project BRIDGE Fibre Expansion

Nigeria’s digital infrastructure drive has received a major boost as the European Bank for Reconstruction and Development (EBRD) approved €100 million ($108 million) to support Project BRIDGE, the Federal...

Telecom Group Chairman Asks FG to Establish Science, Tech, Innovation Trust Fund

February 26, 2026
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ECONOMY, News, Technology

Telecom Group Chairman Calls for Science, Technology Innovation Trust Fund

Dr. Emmanuel Ekuwem, Chairman of the Telecom Group, has appealed to the Federal Government to establish a Science, Technology and Innovation Trust Fund to stimulate creativity, deepen innovation, and...

February 23, 2026
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electricity, ECONOMY, News

Presidency’s ₦2.8tn GenCos Debt Audit Faces Rejection

The Association of Power Generation Companies has categorically rejected claims by presidency sources suggesting that N2.8tn represents a newly verified and final settlement of legacy debts owed to electricity...

February 23, 2026
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ECONOMY, News

LAWMA Enforces Waste Compliance, Urges PSP Patronage

The Lagos Waste Management Authority (LAWMA) has called on residents, traders, and transport operators along the Lagos–Badagry Expressway corridor to dispose of their waste through assigned Private Sector Participant...

February 16, 2026
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ECONOMY, News, SECURITY

NDPC Opens Investigation into Temu Over Suspected Data Violations

Nigeria’s data regulator has opened a high-level investigation into the operations of Temu, following concerns about how the global online marketplace handles the personal information of users within the...

February 12, 2026
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ECONOMY, News, Technology

DL4ALL: NITDA Trains 10,000+ Civil Servants, Expands Digital Literacy Nationwide

The National Information Technology Development Agency (NITDA) has recorded a major milestone in the Federal Government’s digital transformation agenda following the successful rollout of the Digital Literacy for All...

Experts Warn: Mental Health Act Non-Execution Hurts Donor Funding

February 7, 2026
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Health, ECONOMY, News

Mental Health Act Stalemate Drives Donors Away, Experts Warn

The failure to operationalise Nigeria’s Mental Health Act has continued to deter foreign donors from committing resources to the country’s health sector, according to the Provost and Medical Director...