UK Funds New Economic Reform Drive in Nigeria with £12.4m Investment
UK launches £12.4m NEST and NPFF programmes to support Nigeria’s economic reforms, strengthen stability and boost long-term growth.
UK launches £12.4m NEST and NPFF programmes to support Nigeria’s economic reforms, strengthen stability and boost long-term growth.
With refinery ready to oversupply local demand, Dangote declares end to fuel queues and announces major expansion and export plans.
Before Tinubu, NASENI focused on research; now 40 products will hit the market, unveiled in 2026,” says CEO Halilu.
Fitch projects Nigeria’s GDP growth to 4.3% in 2026, driven by stronger domestic demand and moderating inflation.
Senate warns that inadequate fintech regulation exposes Nigeria to systemic risks, urging enhanced oversight and consumer protection measures.
Federal government explains that new tax reforms simplify levies, preserve FTZ incentives, and attract investors to Nigeria.
TotalEnergies urges Nigeria to prioritise net value retention over percentages to strengthen local content in oil industry.
CBN tells Senate Nigeria’s economy is strengthening as inflation falls, reserves rise, naira stabilises and investor confidence returns.
OPEC+ has revised production quotas, favouring low-cost producers while Nigeria faces higher costs and investment challenges.
World Bank has praised Nigeria’s expansive social protection reforms as NG-CARES attracts $2.2bn and prepares for its next phase.
Samsung has launched its first multi-folding smartphone, the Galaxy Z TriFold, to be released in South Korea on December 12.
Mbah says Enugu Air’s fleet will rise to 20 in 2026 following plans to purchase 14 additional aircraft.
Airline Operators of Nigeria warn the National Assembly that the proposed tax law will cripple airlines of implemented January 2026.
TotalEnergies announces plans to sell a 40 percent stake in two Nigerian offshore licenses to Chevron as both expand collaboration.
NUPRC launches the 2025 licensing round, listing 50 oil and gas blocks and targeting $10bn in new investment.
OPEC+ has kept oil production steady for Q1 2026, citing market stability, while planning assessments for 2027 output quotas.
Experts warn the 2025 Nigeria Tax Act, including 200% CGT hike and new levies, risks capital flight and reduced investment.
Nigeria finalises plans to cut mercury emissions from artisanal gold mining through GEF-funded initiatives and mercury-free technologies.
NMDPRA reports petrol use rose by 31.86% to 56.7m litres daily in October, driven by Dangote supply; NNPC refineries stayed idle.
EXCERPT: EFCC tells court Arik Air suffered massive losses of a out N350 billion under AMCON-appointed receivers, citing asset stripping and loan mismanagement. The Economic and Financial Crimes Commission (EFCC)
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