#NigeriaEconomy

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A Look at One of Nigeria’s Oldest Surviving Companies: UAC of Nigeria

Corporate /

Long before fintech startups, billion-dollar valuations, and modern industrial giants became part of Nigeria’s business conversation, one company was already deeply rooted in the country’s commercial history. UAC traces its roots back to 1879, making it one of the oldest surviving companies in Nigeria. At a time when modern Nigeria itself was still taking shape, […]

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world bank cancels subsidy

World Bank Cancels $717m Nigeria Power Funding as Subsidy Burden Deepens Reform Crisis

News /

Nigeria’s long-running electricity sector reforms have suffered a major setback after the World Bank and the Federal Government agreed to cancel $717.7 million in undisbursed financing under a major power sector recovery programme, in what officials describe as a mutual decision driven by stalled reforms and rising subsidy pressures. According to a detailed report by

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