Nigeria’s net foreign exchange inflow declined by 18.3 per cent year-on-year to $48.1 billion in the nine months ended September 2025, reflecting weaker capital inflows and persistent pressure on foreign exchange supply. Central Bank of Nigeria (CBN) data showed that the decline was largely driven by a sharper 15 per cent drop in total foreign …
The Federal Government has entered into a cooperation agreement with the International Finance Corporation (IFC) aimed at accelerating the development of bankable infrastructure projects and attracting private sector investment into key sectors of the economy. The agreement was signed in Abuja on Wednesday by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, …
On World Cancer Day 2026, the public interest group, Corporate Accountability and Public Participation Africa (CAPPA), urged the Nigerian government to tackle the country’s rising cancer burden by addressing gaps in the nation’s food system. According to CAPPA, cancer is no longer a distant threat in Nigeria. In fact, the National Institute for Cancer Research …
U.S. Vice President JD Vance on Wednesday proposed forming a preferential trade bloc for critical minerals, with coordinated price floors, in a bid to reduce global dependence on China for materials crucial to advanced manufacturing. This announcement follows President Donald Trump’s launch of Project Vault, a strategic stockpile of critical minerals backed by $10 billion …
Rising taxes and fuel price adjustments slowed business growth in Nigeria in January 2026, pushing confidence to a six-month low, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report showed that the Current Business Performance Index fell to 105.8 points in January from 112.0 points in …
Seif al-Islam Gadhafi, the son of former Libyan leader Muammar Gadhafi, has been killed in the town of Zintan, Libyan officials confirmed on Tuesday. The exact circumstances of his death remain unclear, but local media reports say he was shot by armed men at his home. Born in June 1972, Seif al-Islam earned a PhD …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has directed that Airport Road be connected to Tunga Madaki and surrounding communities in Abuja. He made this announcement during an on-the-spot assessment of the ongoing road project. Wike’s media aide, Lere Olayinka, said the minister personally inspected the new road that will link the …
The United States has deployed a small team of troops to Nigeria, the head of U.S. Africa Command (AFRICOM) confirmed on Tuesday. This is the first public acknowledgment of U.S. forces on the ground since American airstrikes in Nigeria on Christmas Day. President Donald Trump ordered the December strikes on Islamic State targets and said …
United Bank for Africa (UBA) has appointed Loknath Mishra as the Chief Executive Officer of its United Kingdom (UK) subsidiary, effective February 2, 2026. The appointment highlights UBA Group’s aim to strengthen its international presence and solidify its role as a key financial bridge between Africa and global markets. Mishra will focus on positioning UBA …
The Federal Government has approved the digitisation of Nigeria’s fish import licensing process. The aim is to improve transparency, strengthen oversight, and boost domestic fish production. Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, directed the Department of Fisheries and Aquaculture to fast-track the new digital licensing platform. The reform supports President Bola Ahmed …
