The United Kingdom and Nigeria have agreed follow-up actions across eight areas of cooperation, including a three-year programme against organised immigration crime, returns of irregular migrants, extradition and drug trafficking. No funding amounts or numerical targets were disclosed. Senior officials from Nigeria’s Ministry of Foreign Affairs and the UK Home Office co-chaired the annual Migration, …
Deutsche Bank AG has added Nigeria to its frontier foreign exchange monitor, forecasting further appreciation of the naira but warning that rising government borrowing could threaten the currency’s gains. According to Bloomberg, the German lender said in a client note on Monday that the naira remained undervalued, supported by attractive returns on naira investments and …
Nigeria, South Africa and Ghana will battle for the Best Film award at the 22nd edition of the Africa Movie Academy Awards (AMAA), following the unveiling of nominees for the 2026 edition. The competition features nine films from six African countries, including Nigeria’s To Adaego With Love and The Herd, South Africa’s The Trek and …
Parts of Nigeria were thrown into darkness on Monday, October 19, following a sharp decline in electricity generation to below 1,000 megawatts (MW), highlighting the country’s persistent power supply challenges. The drop in generation places additional pressure on electricity distribution across the country, leaving households and businesses grappling with unreliable power supply. The …
The Securities and Exchange Commission (SEC) is targeting a ₦750 trillion Nigerian capital market by 2036, up from about ₦250 trillion, under a 10-year plan to expand investment, mobilise domestic savings and provide long-term financing for economic development. Vice President Kashim Shettima unveiled the Nigerian Capital Market Master Plan 2.0 at the National Capital Market …
Two firms have accused the Economic and Financial Crimes Commission (EFCC) of failing to act on their petition against Jordan Nyesom-Wike over an alleged $2.1m land deal, despite acknowledging receipt of the complaint. The petitioners, Safwan Garba GY and GY Global Oil & Gas Nigeria Limited, accused Nyesom-Wike, son of the Minister of the Federal …
A High Court of the Federal Capital Territory, Abuja, has dismissed a N120 million fundamental rights suit filed by former Kaduna State Governor, Nasir El-Rufai, against the Department of State Services (DSS) and three other government agencies. Justice Sylvanus Oriji, in a judgment delivered on Monday, held that the suit lacked merit and substance. The …
The Alliance for Economic Research and Ethics has challenged Mustafa Chike-Obi’s claim that Nigeria loses more than $10 billion annually from maintaining its foreign reserves, arguing that the calculation does not establish the actual cost of holding the country’s external assets. In a policy essay issued on October 18, the Alliance’s chairman, Dele Kelvin Oye, …
Nigeria’s entertainment and media industry is projected to grow to $5.3 billion by 2030, but heavy spending on connectivity raises questions about how much value local content producers, streaming platforms, gaming companies, and digital advertisers can capture as the market expands. The latest Africa Entertainment and Media Outlook 2026–2030 by PricewaterhouseCoopers (PwC) forecasts that Nigeria’s …
Nestlé Nigeria has called for entries by journalists and media professionals across the country for the sixth edition of the Nestlé Media Awards. In a statement announcing the opening, the company urged journalists and media professionals to submit compelling stories recognising journalism that brings important issues to the forefront, deepens public understanding and highlights solutions …
