September 19, 2025

Nigeria

Business

Nigeria Set to Tap Into $2.1 Billion Digital Trade Opportunity Through Strategic DCO Membership

Nigeria is on track to benefit significantly from its recent membership in the Digital Cooperation Organization (DCO), with projections indicating that the country, alongside other member states, could unlock a staggering $2.1 billion in digital trade opportunities in the coming years. The DCO, a global multilateral body focused on accelerating digital transformation and inclusion across

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Business

Nigeria Rakes in $66m from Power Exports to Benin Republic in 2025

Abuja | September 12, 2025 — Nigeria earned $66 million in revenue from electricity exports to Benin Republic during the 2025 fiscal year, according to figures from the Nigerian Electricity Regulatory Commission (NERC). The commission disclosed that the earnings came from cross-border power sales under existing bilateral agreements, with Nigeria serving as a key supplier

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General

Nigeria Sets Sights on International Energy Market with Ambitious $60 Billion Gas Expansion Drive – NNPCL CEO

Nigeria has unveiled a bold plan to stake a stronger claim in the global energy market, with the Nigerian National Petroleum Company Limited (NNPCL) announcing a $60 billion gas expansion initiative aimed at boosting exports and solidifying the country’s position as a major player in the international gas trade. Speaking on the sidelines of a

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General

Nigeria, African Union Sign Strategic MoU to Strengthen Counter-Terrorism Efforts

Abuja, Nigeria | September 8, 2025  The National Counterterrorism Centre (NCTC) of Nigeria has signed a landmark Memorandum of Understanding (MoU) with the African Union (AU), creating a new framework for collaboration in combating terrorism and violent extremism across the continent. The agreement, sealed on Monday, is designed to enhance cooperation in intelligence-sharing, policy coordination,

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General

Nigeria Publishes Tax Reform Laws, Sets Stage for Overhaul of Fiscal Framework

Abuja, Nigeria | September 9, 2025  Nigeria has officially published its long-awaited tax reform laws in the government gazette, a landmark step towards restructuring the nation’s fiscal framework. The sweeping reforms, signed into law by President Bola Tinubu on June 26, 2025, introduce a modernized structure for taxation, administration, and revenue collection across Africa’s largest

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General

Nigeria, Other African Nations Lose $12.7bn Annually to Disaster-Linked Infrastructure Damage

Abuja, Nigeria | September 9, 2025 — Nigeria and several other African countries are collectively losing an estimated $12.7 billion annually due to infrastructure damage caused by climate-related disasters, according to new findings by regional development experts. The report highlights that recurring floods, droughts, storms, and other natural disasters have weakened vital infrastructure such as

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Sports

Nigeria to Field 14 Players at African Women’s Youth Handball Championship in Algeria

Abuja, Nigeria | September 9, 2025 — Nigeria will participate with a 14-player squad at the 2025 edition of the African Women’s Youth Handball Championship, which is set to kick off in Oran, Algeria. The Handball Federation of Nigeria (HFN) confirmed the final list after weeks of intensive training and selection exercises aimed at ensuring

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General

Angola, Nigeria to Hold 5th Bilateral Joint Commission Meeting in Luanda

Abuja, Nigeria | September 8, 2025  The fifth session of the Angola-Nigeria Bilateral Joint Commission is set to begin on Tuesday, September 9, 2025, in Luanda, Angola, with top officials from both nations expected to review and strengthen cooperation in key areas of mutual interest. According to diplomatic sources in Abuja, the meeting will focus

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General OPEC

Nigeria Braces for Economic Pressure as OPEC+ Raises Oil Output

Abuja, Nigeria | September 8, 2025 – Nigeria may face fresh economic strain following OPEC+’s decision to ramp up global oil supply, a move that could further pressure the country’s already fragile revenue base. The oil cartel, which met on Sunday, agreed to increase crude output by 137,000 barrels per day beginning next month. This

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Business

Nigeria’s FX Market Sees $2.8bn Inflow in August, Boosted by Strong Domestic Support

Lagos, Nigeria | September 8, 2025 – Nigeria’s foreign exchange (FX) market recorded total inflows of $2.80 billion in August, reflecting renewed confidence and stronger domestic participation, according to figures released by the FMDQ Exchange. The report showed that the inflows, a combination of local and foreign sources, underscore the continuing resilience of the Nigerian

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