UK-Backed Manufacturing Africa Mobilises $630m for Nigeria
A United Kingdom Government-funded programme has helped 23 Nigerian businesses reach financial close on investments worth more than $630 million, with the transactions expected to create…
Nigeria Digital Free Zones Move Toward Full Implementation
Nigeria is moving its Digital Free Zones initiative into an implementation phase as the Federal Government seeks to attract global investment, create jobs and encourage technology…
Nigeria Targets Lower CNG Transport Fares From October 1
The Federal Government and state governments are working to reduce transportation costs across Nigeria from October 1, 2026, through wider use of Compressed Natural Gas (CNG)…
Dangote Refinery Fuel Exports Grow as Nigeria Enters Global Market
Nigeria's Dangote Petroleum Refinery is becoming an increasingly important supplier of refined petroleum products to international markets as its operations expand and global fuel supplies remain…
Nigeria Petrol Prices Rise to ₦1,400 as Global Oil Costs Climb
Rising petrol prices are putting renewed pressure on Nigerian households, transport operators and businesses as higher international crude oil prices feed into the domestic fuel market.…
37 Miners Die in NSCDC Custody as Nigeria Opens Independent Probe
The Federal Government has inaugurated an independent 10-member committee to investigate the deaths of 37 suspected illegal miners who died while in the custody of the…
Niger State Mass Kidnapping: Nearly 700 Feared Still in Captivity
Residents of communities in Niger State's Borgu district have protested over the continued captivity of hundreds of people abducted during a mass kidnapping more than a…
Nigeria Foreign Reserves Rise to $55.25 Billion, Highest in 18 Years
Nigeria’s gross external reserves have risen to $55.25 billion, reaching their highest level in 18 years, according to figures released by the Central Bank of Nigeria…
CBN Interest Rate Cut: MPR Reduced to 23% From 26.5%
The Central Bank of Nigeria has reduced its Monetary Policy Rate from 26.5% to 23%, cutting the benchmark by 350 basis points as inflation continues to…
Nigeria Crypto Regulation 2026: New SEC Rules for Crypto Businesses
Nigeria's cryptocurrency industry is operating under a more detailed regulatory framework as the Securities and Exchange Commission (SEC) implements provisions of the Investments and Securities Act…