Nigeria has attracted the largest share of overall foreign direct investment (FDI) in West Africa while manufacturing investment remained relatively modest due to policy inconsistency, infrastructure deficits, and macroeconomic instability, Pan-African Manufacturers Association (PAMA) has said citing data from the United Nations Conference on Trade and Development (UNCTAD). The review said Nigeria recorded negative FDI…
The Dangote Petroleum Refinery has taken the Federal Government to court over fresh fuel import licences issued to oil marketing companies in the country. Despite the refinery’s condemnation and rising domestic refining capacity, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, issued fresh fuel import licences to major petroleum marketers in 2026. Industry data…
The Nigeria Data Protection Commission (NDPC) has signed separate Memoranda of Understanding (MoUs) with the Bureau of Public Procurement (BPP) and the Nigeria Governors’ Forum (NGF) to strengthen data protection and privacy across Nigeria’s public sector and subnational institutions. Speaking during the signing of the MoU with the Bureau of Public Procurement, the National Commissioner/CEO…
The Monetary Policy Committee (MPC) said rising political spending and foreign exchange (forex) demand pressures associated with the 2027 elections will test the resilience of Nigeria’s economy. Members of the Central Bank of Nigeria (CBN)-led MPC, in their personal notes at the last MPC meeting released on Thursday including Aloysius Ordu, Bandele Amoo, Lamido Yuguda,…
Smarting from its successful collaboration with the Central Bank of Nigeria (CBN) and launch of the launch of Telecommunications Identity Risk Management System (TIRMS) to track, verify, and mitigate risks associated with subscriber identity module (SIM) card fraud, number recycling, and other identity-related abuses, the Executive Vice Chairman/CEO, NCC, Dr Aminu Maida, said the Commission…
Global oil markets have once again been reminded that geopolitics, not just fundamentals, remains the dominant force shaping energy prices in 2026. OilPrice.com’s latest report highlights how fragile ceasefire negotiations among the US, Iran, and regional actors continue to inject volatility into global energy markets, pushing Brent crude back toward the $110-per-barrel threshold. At the…
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Jani Ibrahim, has appealed to government stakeholders in Nigeria and China to accelerate the frameworks for the establishment of direct flights between Nigeria and China. The NACCIMA President said this will significantly reduce travel time and ease the stress…
Perception has been identified as the problem of the country, not necessarily the absence of good policies that would drive economic growth. A group, PressPayNG , stressed the need to manage perception because when it is left unmanaged, it will snowball into conflict. Speaking at a forum that assembled over 200 Nigerian students across the…
A governorship aspirant of the All Progressives Congress (APC) in Adamawa State, Abdulrahman Bashir Haske, has embarked on a statewide grassroots appreciation and engagement tour across the 21 Local Government Areas (LGAs), aimed at strengthening citizen engagement and aligning leadership priorities with the aspirations of the people. The five-day strategic tour, which commenced on Monday,…
