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 …
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 …
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 …
The Nigeria Sovereign Investment Authority (NSIA) and the International Finance Corporation (IFC) have signed a $154.1 million agreement to expand cancer care across Nigeria. The deal, sealed in Abuja on Tuesday night, aims to improve access to quality diagnostic and treatment services nationwide. Under the partnership, the IFC, the private-sector arm of the World Bank …
For years, Nigeria’s economic debates have revolved around oil prices, exchange rates and inflation. Yet beneath these top issues lies a quieter system that determines whether food reaches markets, medicines reach hospitals, and factories remain open- the supply chain. A new report by Rome Business School Nigeria (RBSN) argues that Nigeria’s weak and fragmented supply …
Amnesty International Nigeria has raised the alarm over the rising cases of mob violence in the country, revealing that at least 23 people have been killed in recent incidents across different states. The organisation called on the Federal Government to take urgent and decisive action, warning that the trend reflects a dangerous breakdown of law …
DHL Aviation has expanded its logistics capacity in Nigeria with the deployment of two fully branded Boeing 737-400 cargo aircraft, reinforcing its air freight network across West Africa. The aircraft were unveiled at the Murtala Muhammed International Airport, Lagos, as part of DHL’s broader investment in strengthening logistics infrastructure across Sub-Saharan Africa. In a statement, …
For more than a decade, Nigeria’s small and medium-scale enterprises (SMEs), the country’s largest employers and backbone of the real economy, have remained largely excluded from formal bank financing, despite repeated policy pledges to support them. An analysis of the Central Bank of Nigeria (CBN) Statistical Bulletin covering 2014 to 2023 reveals a troubling reality: …
States seeking access to the World Bank-assisted Human Capital Opportunities for Prosperity and Equity (HOPE-GOV) funds must publicly disclose details of their education and primary healthcare contracts, the Federal Ministry of Budget and Economic Planning has said. The new requirement, according to the ministry, is aimed at strengthening transparency and accountability in the use of …
The Senate says it was not aware of the United States airstrikes carried out on Nigerian territory, according to Abdul Ningi, senator representing Bauchi Central. Ningi made the disclosure while speaking during plenary on Tuesday, warning that such attacks could expose Nigeria to actions by other countries and foreign powers. Raising a point of order …
