NLNG Train 7 hits 90% completion, generates 16,000 jobs

The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) and the NLNG Ltd have reaffirmed recommitment to deepen the existing close collaboration between the agencies, towards enhancing in- country value addition from operations of the gas processing and marketing company, for the benefit of the Nigerian economy.

This renewed commitment was made on Wednesday when the Managing Director and Chief Executive Officer of NLNG, Engr. Adeleye Falade paid a courtesy visit to the Executive.

Speaking during the visit, Falade said the company remains focused on deepening Nigerian Content, strengthening indigenous capacity, and retaining greater in-country value across its gas value chain.

By Femi Folaranmi

Full story at The Sun

Pound ticks higher as UK GDP growth confirmed as nearly stagnant in Q4

The pound made small advances on the dollar (GBPUSD=X) and euro (GBPEUR=X) on Tuesday morning amid signs of stagnant growth at the end of 2025 and as traders continue to watch the situation in the Middle East.

Sterling recouped some of the losses from Monday’s trade as the Office for National Statistics (ONS) confirmed an earlier estimate that growth stood at 0.1% in the fourth quarter compared with Q3.

Growth was caused by an increase of 1.2% in production, while the construction sector decreased by 2% and the services sector showed no growth, the ONS said.

By Lucy Harley-McKeown

Full story at Yahoo News.

Forbes Daily: You May Want To Think Twice Before Flipping SpaceX

Today’s Forbes Daily newsletter covers the highest inflation in three years, big banks subpoenaed, GM’s battery plans, the most successful immigrants in U.S. history and more.

Retail investors are lining up to invest in SpaceX’s massive IPO. But be cautious about flipping your shares.

Demand for the offering is reportedly nearly four times the number of available shares, which could give the company a big boost on its first day of trading. That may tempt investors to cash out, but those who do could face a brokerage penalty, including restricted access to future offerings and even a potential fine.

By Danielle Chemtob

Full story at Forbes

Two countries in comparison: Nigeria & South Africa

 

Two countries in comparison:

(NIGERIA): The state of Nigeria economy today?

"Nigeria has made meaningful progress in restoring macroeconomic stability following the implementation of bold reforms. Inflation has eased markedly, external and fiscal positions have strengthened, and economic growth has remained robust, driven largely by services."

The official unemployment rate in Nigeria is approximately 4.3% to 5.0%, according to recent figures from the Nigeria Bureau of Statistics (NBS) and the International Labour Organization (ILOSTAT).

(SOUTH AFRICA): The state of South African economy today?

Income per capita remains below 2007 levels, and close to 60% of South Africans are estimated to live below the upper-middle-income poverty line. Unemployment remained above 30% in 2025, averaging 32.4% and affecting more than 8 million people. Inflation eased to 3.2% in 2025, from 4.4% the year before.

By Olagunju Success Taiwo

Nigeria’s capital importation rose to $10.37 billion in Q1: NBS

The figure indicates an 83.83 per cent increase from the first quarter of 2025.

The National Bureau of Statistics (NBS) says the total capital importation into Nigeria stood at $10,371.90 billion in the first quarter of 2026.

The NBS said this in its Nigeria Capital Importation Q1 2026 report released in Abuja on Friday.

The figure is higher than the $5,642.07 billion recorded in Q1 2025, indicating an 83.83 per cent year-on-year increase.

Full story at People Gazette.

By News Agency of Nigeria.

Nigeria loses $718m World Bank power sector loan as reforms stall, tariff shortfalls hit ₦1.9tn

Nigeria and the World Bank have cancelled $717.7m in undisbursed power sector funding after key electricity reforms stalled, tariff shortfalls surged to N1.9tn, and sector financing challenges worsened.

Nigeria has lost access to about $717.7m in undisbursed World Bank financing after the Federal Government and the global lender agreed to cancel the remaining balance under the country’s Power Sector Recovery Programme.

The cancellation, confirmed in new World Bank restructuring documents, effectively brings an end to the broader $1.52bn electricity sector reform programme earlier than planned.

By Precious Omolu

Full story at Pulse NG