City Pulse News

 Nigeria Needs $23 Billion to Address Electricity Challenge, REA Says By City Pulse News August 22, 2026 Category: Business & Economy Nigeria may require approximately $23 billion in additional investment to address the country's electricity challenges as demand continues to increase, according to the Rural Electrification Agency. The warning comes as Nigeria attempts to expand electricity access while also supporting growing demand from industries, households, digital businesses and new technologies. The country's electricity challenge has remained one of the biggest obstacles to economic development. The Rural Electrification Agency has warned that population growth, digitalisation, artificial intelligence and increasing electrification in areas such as transportation and agriculture could significantly increase future electricity demand. WHY ELECTRICITY DEMAND IS RISING Nigeria's electricity needs are changing rapidly. More homes require electricity for appliances, c...

  Nigeria's Offshore Oil Sector Targets Major Investment as 22 Projects Move Toward Production By City Pulse News August 22, 2026 Category: Business / Energy Nigeria's oil industry could attract billions of dollars in new offshore investment as dozens of deepwater projects move toward production. Nigeria is positioning its offshore oil sector for a new wave of investment, with the country's upstream petroleum regulator expecting at least 22 offshore projects to begin production by 2030. The projects could attract as much as $50 billion in investment , according to the Nigerian Upstream Petroleum Regulatory Commission. The expected investment comes as Nigeria seeks to increase oil production, attract international capital and strengthen government revenue. For a country that remains heavily dependent on petroleum earnings, developments in the offshore sector could have significant consequences for public finances and the wider economy. Why offshore oil matters Nigeria has s...

India's Foreign. Exchange Reserves Rise to $716.9 Billion as Dollar Inflows Strengthen By City Pulse News August 21, 2026 Category: Business & World Economy India's foreign exchange reserves have climbed to a six-month high of $716.9 billion, giving the country a stronger financial buffer as global economic and geopolitical pressures continue. India's foreign exchange reserves increased by almost $10 billion in a single week , reaching approximately $716.9 billion as of August 14, according to the latest figures from the Reserve Bank of India. The increase represents another significant improvement in India's external financial position after reserves had come under pressure earlier in the year. The latest data shows that India's reserves rose by $9.905 billion during the week, compared with $707.002 billion recorded for the previous reporting week. The development is being closely watched by financial markets because a large reserve position gives the country...