Global investors and development financiers have praised reforms in Nigeria’s financial sector, describing them as credible and confidence-boosting. They made the comments at the Africa Capital Forum held at The Peninsula London on the sidelines of President Bola Tinubu’s state visit to the United Kingdom (UK). Speaking at the high-level forum, the British Deputy High …
Major Energies Marketers Association of Nigeria (MEMAN) has highlighted a framework for ensuring fair pricing and a steady supply of fuel. The association’s recommendation focuses on maintaining a balance between local production and strategic imports, all underpinned by strong regulation and market-driven competition. Speaking at a quarterly webinar organised by MEMAN, the association’s Executive Secretary/CEO, …
The Nigeria Security and Civil Defence Corps (NSCDC) is deploying over 53,500 personnel across the country to ensure a peaceful Eid-ul-Fitr celebration, the Commandant General, Prof. Ahmed Audi, has announced. According to the Corps’ Public Relations Officer, Babawale Afolabi, the deployment includes tactical and intelligence officers in all 36 states and the Federal Capital Territory …
Nigeria’s oil production declined by nine per cent month-on-month to 1.483 million barrels per day (bpd) in February 2026, down from 1.627 million bpd recorded in January. This is according to the latest report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which tracks crude oil and condensate production. On a year-on-year basis, output also …
Nigeria and the United Kingdom have achieved an all-time high in bilateral trade, reaching £8.1 billion annually. This growth is expected to create hundreds of jobs as Nigerian banks, fintech firms, and creative industry businesses expand operations in the UK. UK’s Twinings Ovaltine opened a £24 million manufacturing facility in Lagos, the first of its …
Escalating tensions between the United States, Israel and Iran have triggered volatility across African equity markets, as investors retreat from risk assets and reposition into safe havens. Markets from Lagos to Johannesburg have recorded sell-offs, cautious trading and sector rotations, driven by surging oil prices, currency pressure and global uncertainty. Brent crude has climbed on …
Nigeria’s textile industry faced a sharp downturn in 2025 as export earnings collapsed by 55.25 per cent to N16.55 billion from N36.98 billion in 2024, even as the nation’s importation of textile products surged to N1.061 trillion, up 46.11 per cent from N726.18 billion the previous year. Data from the National Bureau of Statistics (NBS) …
Nigeria’s supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, declined by 8.5 per cent month-on-month to 4.7 metric tonnes per day in February 2026, down from 5.1 metric tonnes recorded in December 2025. This is according to the latest factsheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The …
Nigeria has secured a £746 million financing agreement with the United Kingdom to fund the modernisation of the Apapa and Tin Can Island Ports in Lagos. The deal is set to be formally signed during President Bola Tinubu's state visit to London on March 18-19, 2026. This was made known on Tuesday in a statement …
The Nigerian Education Loan Fund (NELFUND) has provided more than ₦206 billion in loans to students at 270 tertiary institutions nationwide, less than two years after President Bola Ahmed Tinubu launched the programme. Since the loan portal opened in May 2024, the agency has received 1,751,669 applications. So far, 1,164,222 students have benefited. NELFUND paid …
