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Despite widespread electricity shortages across Nigeria, neighbouring West African countries supplied with power from the national grid are owing the country millions of dollars in unpaid electricity bills. According to the Nigerian Electricity Regulatory Commission (NERC), Togo, Niger and Benin currently owe Nigeria $17.8 million (about ₦25 billion at the prevailing exchange rate) for electricity …

Nigeria’s reliance on overseas medical treatment is rapidly declining, according to new Central Bank of Nigeria (CBN) data. Between January and June 2025, medical tourism spending fell 96.2% year-on-year, dropping from $2.38 million in the first half of 2024 to just $0.09 million over the same period in 2025. The sharp $2.29 million contraction marks …

The Federal Government has declared Nigeria fully ready to trade under the preferential terms of the African Continental Free Trade Area (AfCFTA) Agreement. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said the country has met all key requirements under the agreement. She confirmed that Nigeria has gazetted the legal instruments covering trade in …

As Christians all over the world celebrate Christmas in commemoration of the birth of Jesus Christ, Nigeria’s President, Bola Tinubu, has reaffirmed his commitment to promoting religious freedom and protecting people of different faiths in the country from violence. In his 2025 Christmas Goodwill Message, President Tinubu noted that the season reminds the people of …

Christmas: Tinubu Reassures Commitment to Promoting Religious Freedom

Nigeria leads Africa’s fast-growing digital payments space as instant payment transactions climbed close to $2 trillion in 2024. This is according to the new report, "State of Inclusive Instant Payment Systems (SIIPS) 2025," released by the AfricaNenda Foundation in partnership with the World Bank and the United Nations Economic Commission for Africa (UNECA). The report …

United States President Donald Trump has ordered the recall of nearly 30 career diplomats from ambassadorial and other senior embassy postings, including Nigeria, as part of efforts to realign U.S. foreign policy with his “America First” agenda. Africa is the most affected region, with ambassadors recalled from 15 countries. These include Nigeria, Burundi, Cameroon, Cape …

Trump Recalls US Ambassadors from Nigeria, 29 Others

The Nigerian National Assembly has experienced a legislative discrepancy, as the Senate and the House of Representatives approved different crude oil price benchmarks for the 2026–2028 Medium Term Expenditure Framework (MTEF). While both chambers agree on many macroeconomic targets, the disagreement over oil prices, which is the major source of Nigeria's foreign exchange earnings, highlights …

Reps Suspend 2026–2028 MTEF/FSP Consideration as Lawmakers Clash Over Oil Price Benchmark

Burkina Faso released 11 Nigerian Air Force personnel detained after an emergency landing on December 8, Foreign Minister Yusuf Tuggar confirmed Thursday. “Through sustained dialogue, we resolved the matter concerning Nigerian pilots and crew, showing the effectiveness of diplomacy in sensitive situations,” Tuggar said in a statement on X. The release followed meetings between Burkina …

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