January 26, 2026

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Economy

TINUBU UNVEILS ₦200 BILLION MSME FUND — BIG PUSH FOR SMALL INDUSTRIES

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President Bola Tinubu has launched a ₦200 billion intervention fund for Micro, Small, and Medium Enterprises (MSMEs) and manufacturers, marking a decisive turn in Nigeria’s post-subsidy economic reset. The fund aims to ease structural constraints, boost local production, and spark new waves of innovation-led entrepreneurship....

NAIRA STUMBLES TO ₦1,470/$ AS INFLOWS THIN — FX MARKET BRACES FOR PRESSURE

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After weeks of relative calm, the naira slipped across both official and parallel markets on Monday, closing at ₦1,470.26/$ at the Nigerian Foreign Exchange Market. Analysts link the dip to reduced weekly inflows and delayed portfolio remittances, warning that the currency’s stability could be tested again if inflows fail to rebound....

NNPCL Targets 1.8 Million Barrels Per Day as Nigeria’s Oil Output Rebounds

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Nigeria’s crude oil production is on track to hit 1.8 million barrels per day by December 2025, the highest in five years, following reforms and conflict resolution in the energy sector. The Nigerian National Petroleum Company Limited (NNPCL) says the rebound reflects renewed investor confidence and operational stability....

“Nigeria Is Greater Than PENGASSAN” — Shettima Clashes with Labour Over Dangote Refinery Shutdown

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Nigeria’s Vice President Kashim Shettima has waded into the escalating clash between oil workers and the Dangote Refinery, warning that no union or individual is greater than the nation. His remarks ignited a fierce response from labour leaders who accused the government of bias and corporate protectionism....

Tinubu Approves ₦4 Trillion Bond to Clear Power Debts, Restore Investor Confidence

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President Bola Tinubu has approved a ₦4 trillion bond to clear legacy debts owed to power-generation firms and gas suppliers, a decisive step expected to reset liquidity in Nigeria’s electricity market, attract new investment, and rebuild confidence across the energy value chain....

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