Boeing Shares Drop As China Halts Jet Deliveries Following Escalating Trade War
Boeing shares fall as China halts jet deliveries, escalating trade tensions between the world’s two largest economies
Nigeria, Trinidad and Tobago Sign Historic Bilateral Air Services Agreement
Nigeria has signed Bilateral Air Services Agreement with Trinidad and Tobago to enhance air connectivity between West Africa and the Caribbean.
CBN Pushes for Bank Recapitalisation to Fuel $1 Trillion Economy by 2030
CBN has emphasised the importance of bank recapitalisation to fund Nigeria’s goal of achieving a $1 trillion economy by 2030.
Nigeria Leads Africa in Venture Capital Deals Despite 22% Decline in Value, Says AVCA
AVCA report reveals Africa secured 487 VC deals worth $3.6 billion in 2024, with Nigeria maintaining continental lead.
CBN Urges Local Manufacturers, Exporters to Explore Government Financing Options for Export Growth
CBN urges local manufacturers and exporters to explore financing options from government agencies to ease pressure on the naira.
CBN Reaffirms Support for SMEs, Cites Sector as Engine of Economic Growth
CBN has reaffirmed commitment to SME growth, citing the sector as key to Nigeria’s economic advancement and global recognition.
Over N4 Billion Lost in System Glitch as Nigerian Banks Scramble to Recover Funds
A major system malfunction affected several Nigerian banks, leading to unauthorised withdrawals totalling over N4 billion.
Oando Activates Emergency Response After Sabotage Attacks Hit Oil and Gas Pipelines in Bayelsa
Oando has reported that three sabotage attacks hit its pipelines in Bayelsa, deploys emergency response and investigation teams.
Fitch Upgrades Nigeria’s Credit Rating to ‘B’, Cites Reform Commitment, Economic Policy Shift
Fitch has upgraded Nigeria’s credit rating to ‘B’, citing policy reforms, forex market stabilisation, and inflation control.
Nigeria, Japan Sign $30.9m Deal to Empower Start-ups and Boost Innovation
Nigeria and Japan have signed a $30.9m MoU to fund innovation hubs and invest in social problem-solving start-ups.
Nigeria Sets Up EMT Sub-Committee to Assess US Tariff Impact, Global Oil Price Shock
The FG has set up an EMT sub-committee to review the impact of US tariffs and global commodity price shifts.
Nigeria’s Crude Reserves Drop Slightly to 37.28bn Barrels, Gas Stock Rises to 210.54TCF In 2025
NUPRC has reported that Nigeria’s oil reserves dropped to 37.28bn barrels while gas stock rose to 210.54TCF in 2025
Shettima Inaugurates 2nd Special Agro-Industrial Processing Zone In Cross River
FG has begun construction of a Special Agro-Industrial Processing Zone in Calabar, aiming to boost agriculture, job creation, economic diversification.
NNPC Announces 72% Completion of $2.8bn Ajaokuta-Kaduna-Kano Gas Pipeline Project in Q1 2025
NNPC has reported 72% completion of $2.8 billion AKK gas pipeline project in Q1, 2025, boosting Nigeria’s energy sector.
NERC Fines Eight Discos N628m for Overbilling Unmetered Customers
NERC has fined eight Discos N628 million for overbilling unmetered customers, violating estimated billing caps set by the Commission.
JP Morgan Warns Oil Price Slump May Push Nigeria into Current Account Deficit
JP Morgan warns that continued oil price slump below $60 may push Nigeria’s current account into deficit within months.
Nigerian Government Moves to End $4bn Garment Imports, Partners BoI on Textile Sector Revival
The FG has said the annual $4bn garment import bill is unsustainable, is targeting the revival of the local textile sector.
Nigeria Records $6.83 Billion Balance of Payment Surplus in 2024, Reversing Two-Year Deficit Streak
Nigeria recorded a $6.83 billion Balance of Payments surplus in 2024, driven by reforms, investor confidence and trade performance
Rivers: NLNG, BoI Unveil N1 Billion Micro-Credit Scheme to Boost Local Economy
NLNG and BOI have unveiled a N1bn loan scheme for MSMEs to promote sustainability and economic growth.
Nigeria Aligns with ICAO’s ‘Leave No Country Behind’, Pushes for Climate-Friendly Aviation
The FG has said it is committed to reducing carbon footprint in aviation, urging support for greener fuel, sustainable airport practices.
