A Turkish drilling ship has docked at the port of Mogadishu ahead of Somalia’s first offshore oil exploration project, marking a major milestone in energy cooperation between Turkey and Somalia. The vessel, named Cagri Bey, arrived in Somali waters on Thursday and berthed at the capital’s port on Friday, according to officials from both countries. …
The Nigeria Customs Service (NCS), Federal Operations Unit, Zone C, Owerri, has intercepted a truckload of illicit drugs valued at over N1 billion along the Okada/Ofosu Expressway in Benin City, Edo State. The seized items include 1,025,000 tablets of Tramadol and 10,000 bottles of Barcadin Codeine Syrup (100ml each), marking a significant breakthrough in the …
The Federal Government, through the Nigeria Sanctions Committee (NIGSAC), has released an updated sanctions list naming 48 individuals and organisations allegedly involved in terrorism financing across the country. At the top of the list are detained newspaper publisher Tukur Mamu, the Indigenous People of Biafra (IPOB), Jama’atu Wal-Jihad, Ansarul Sudan (Ansaru), and the Islamic State …
The Nigerian Government has approved sweeping tariff reductions on key imports, including vehicles, rice, palm oil and sugar, as part of its 2026 fiscal policy aimed at stimulating economic growth and supporting critical sectors. In a circular issued by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Federal Government confirmed …
The Nigerian Economic Summit Group (NESG) has cautioned the Federal Government against reversing fuel subsidy reforms, warning that such a move could destabilise the economy and undermine recent gains. Speaking during a media briefing on Friday, NESG Head of Research, Dr. Joseph Ogebe, described 2026 as a “make-or-break” year for Nigeria, stressing the urgency of …
The U.S. Embassy in Abuja has announced the temporary closure of its visa appointment services, urging affected applicants to monitor their email inboxes for further instructions regarding rescheduled interview dates. In a public notice issued on Thursday, April 9, the embassy clarified that all visa appointments in Abuja have been suspended until further notice, a …
The Nigeria Customs Service (NCS) and the Presidential Enabling Business Environment Council (PEBEC) have launched a joint reform strategy aimed at speeding up cargo clearance, reducing costs, and strengthening the country’s trade competitiveness. This is part of efforts to fix Nigeria’s long-standing port inefficiencies. The initiative, which signals a shift from policy formulation to measurable …
In a decisive push to tackle Nigeria’s deepening housing deficit, the Federal Ministry of Housing and Urban Development has unveiled a strategic plan to transition from policy frameworks to large-scale housing delivery by training top government officials and private developers on Public-Private Partnerships (PPPs) and joint venture financing. This development was disclosed in a press …
The African Export-Import Bank (Afreximbank) has reported robust financial performance for the year ended December 31, 2025, highlighting strong balance sheet growth, increased investor confidence, and sustained execution of its strategic priorities across Africa and the Caribbean. The Bank said its total assets and contingencies rose by 21 percent to $48.5 billion from $40.1 billion …
The U.S. Department of State has authorised the departure of non-emergency embassy staff and their families from Abuja and expanded its list of high-risk states, in a significant escalation of its travel warning on Nigeria amid worsening security and health concerns. While maintaining its Level 3 “Reconsider Travel” advisory, U.S. authorities say the latest update …
