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World Bank to disburse $27 million to 20 Nigerian states in performance-based funding
June 30, 2026
A total of 20 Nigerian states will receive a combined $27 million in performance-based grants under the World Bank-supported Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Programme after meeting key reform targets in education, healthcare and public financial…
Read moreNRC grants LAMATA 15-year operating licence for Lagos metro rail network
June 30, 2026
The Nigerian Railway Corporation (NRC) has granted the Lagos Metropolitan Area Transport Authority (LAMATA) a 15-year rail operating licence covering the Lagos Red Line, Blue Line and future rail lines developed within the licence period. The post NRC grants LAMATA…
Read moreDangote to build port, 2,000MW power plant in Tanzania
June 30, 2026
Africa’s richest man, Aliko Dangote, is set to expand his investments in Tanzania with plans to develop a port, a 2,000-megawatt coal-fired power plant and several other large-scale infrastructure projects in the East African country. The post Dangote to build…
Read moreU.S. Supreme Court blocks Trump’s bid to end birthright citizenship
June 30, 2026
The U.S. Supreme Court has blocked President Donald Trump’s bid to end birthright citizenship, ruling that children born in the United States to parents who are unlawfully or temporarily present in the country are citizens at birth. The post U.S.…
Read moreNigeria’s consumer credit falls to N3.03 trillion as retail loans plunge 42%
June 30, 2026
Nigeria’s consumer credit outstanding fell by N780 billion in February 2026, as elevated lending rates and tighter borrowing conditions weighed on household demand for loans despite easing monetary conditions and stronger banking system liquidity. The post Nigeria’s consumer credit falls…
Read moreWe told you so. Now, let us fix it before August. No FTSE, No MSCI.. Period
June 30, 2026
A few weeks ago, I wrote that Nigeria had dropped a Ferrari engine into a Peugeot 504 body and was wondering why the car would not win races. I argued that T+1 was a fine destination arrived at by a…
Read moreUK proposes rules to allow Apple, Google app stores offer alternative payment options
June 30, 2026
Britain’s competition regulator has proposed new rules that would allow app developers to direct users to alternative payment methods outside the app stores operated by Apple and Google, a move aimed at reducing commissions, boosting competition and lowering costs for…
Read moreFG to seek compensation for Nigerians forced to abandon businesses in South Africa
June 30, 2026
The Nigerian government plans to engage the South African government to seek compensation for Nigerians who were forced to abandon businesses and properties amid ongoing anti-immigrant protests in the country. The post FG to seek compensation for Nigerians forced to…
Read moreAfrican airlines post 8.9% international passenger demand growth in May
June 30, 2026
African airlines recorded an 8.9% year-on-year increase in international passenger demand in May 2026, with the region’s average passenger load factor improving to 73.4%. The post African airlines post 8.9% international passenger demand growth in May appeared first on Nairametrics.
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