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FTSE Russell has confirmed, in a market notice published on Thursday, 27 August 2026, that Nigeria’s reclassification from Unclassified to Frontier Market status will proceed effective from the open of trading on 21 September 2026. The decision marks Nigeria’s return…
Read moreAfrica’s largest private power business, Sahara Power Enterprises Group (SPEG), has commenced construction of a 12MW Independent Power Plant (IPP) at the Ogba Undertaking of Ikeja Electric Plc in Lagos. The post Sahara Power begins construction of $12 million 12MW…
Read moreThe Federal Government has welcomed Nigeria’s return to Frontier Market status following its reclassification by global index provider FTSE Russell, describing it as a validation of the Tinubu administration’s reforms. The post FG says Nigeria’s FTSE return validates economic reforms…
Read moreBenin, Togo and Niger owed Nigeria $11.16 million in electricity bills at the end of 2025, according to the Nigerian Electricity Regulatory Commission (NERC). The post Benin, Togo, Niger owe Nigeria $11.16 million in 2025 electricity bills appeared first on…
Read morePresident Bola Tinubu’s economic reforms are creating a widening divide in Nigeria’s manufacturing sector, with companies that rely on locally sourced inputs gaining a competitive edge while import dependent firms face mounting cost and margin pressures, industry experts have said.…
Read moreThe Federal Government has officially launched the Nigeria Alcohol Policy and Multisectoral Implementation Plan (2026–2030). The post FG launches Nigeria Alcohol Policy to balance industry growth and public health appeared first on Nairametrics.
Read moreNigeria recorded the lowest average electricity tariff among 14 selected African countries in 2025, with an average allowed end-user tariff of N124.30 per kilowatt-hour (kWh), according to the Nigerian Electricity Regulatory Commission (NERC). The post NERC says Nigeria’s power tariff…
Read moreThe MOFI Real Estate Investment Fund (MREIF) has disbursed more than N140 billion in mortgage financing to over 2,000 Nigerians since commencing operations in March 2025, as the Federal Government-backed housing initiative gains traction across the country. The post MREIF…
Read moreIn this interview with Nairametrics, LASERC Chief Executive Officer, Mrs. Temitope George, explains the Commission’s position on the 12-month limit on electricity charge recovery, the scale of billing and metering complaints, and how the regulator intends to hold electricity providers…
Read moreAs investors continue to look for assets capable of preserving value in an environment shaped by inflation, currency volatility and rising construction costs, attention is increasingly turning to prime real estate. On Lagos Island, Victoria Island remains one of the…
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