Nigeria Eyes N25.27tn Deficit as 2026 Budget Looms.

Nigeria Eyes N25.27tn Deficit as 2026 Budget Looms.

  ABUJA — The Nigerian Senate officially confirmed yesterday that the nation must embrace fresh borrowings to sustain the 2026 fiscal cycle. Senator Solomon Adeola, Chairman of the Senate Committee on Appropriations, announced this during a public hearing in the capital. The proposed budget estimates total expenditure at N58.47 trillion, significantly outpacing the projected revenue…

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LASG Engages Stakeholders On Lekki-Epe Gas Pipeline, Electricity Projects

The Lagos State Government (LASG) has engaged key stakeholders over the planned delivery of a 132KV electricity transmission line and gas pipeline right-of-way corridor across the Lekki-Epe axis, as part of efforts to expand critical energy infrastructure in the state. The engagement, held on Friday at the Adeyemi Bero Auditorium, Alausa, Ikeja, was jointly organised…

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Dangote Proposes 650,000bpd Refinery for East Africa

Dangote Cement Promises Surplus by 2030

  Dangote Cement Plc has formally reaffirmed its commitment to securing total self-sufficiency for the African construction sector by the end of this decade. During a strategic briefing in Lagos, the Group Managing Director, Arvind Pathak, detailed an aggressive roadmap to bridge persistent supply gaps. The company currently targets a massive production capacity of 90…

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Power Crisis: Gencos Decry N6.2 Trillion Debt as Grid Utilization Collapses to 25%

Electricity: FG Targets Aggressive Gas-to-Power Linkage to Boost Supply

The Federal Government has initiated a fresh strategic framework to synchronize domestic gas production with national power requirements. This policy aims to eliminate the persistent supply bottlenecks currently hindering the stability of the national electricity grid. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, officially disclosed this directive during a recent industry summit. The…

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Lagos Seals Ebute Metta Facility Over Raw Sewage Discharge

Street Trading:Lagos Taskforce Resumes Crackdown, Arrests 15

  The Lagos State Environmental Sanitation Corps recently intensified its enforcement against prohibited commercial activities on major highways. Officers arrested fifteen individuals during a coordinated raid across several strategic locations in the bustling metropolis. The state government identifies street trading as a significant contributor to urban chaos and traffic congestion. Consequently, the taskforce has received…

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Two Nigerians Face Century-Long Prison Terms for $100m Tax Fraud

Osun High Court Sentences Three Men to Death

  An Osun State High Court sitting in Osogbo has delivered a definitive judgment by sentencing three men to death. Justice Ayo Oyebiyi ordered the convicts to die by hanging following their involvement in the cold-blooded murder of a woman. The prosecution successfully proved that the defendants conspired to terminate the victim’s life for suspected…

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