Nigeria-UAE trade surges 66.7% to $5bn in 1 year
By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […]
World Bank approves $500m credit for Nigeria’s smallholder farmers
The World Bank says it has approved a $500 million credit facility for Nigeria through the International Development Association (IDA) to support the implementation of the Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW) project. In a statement on its website, the bank said the initiative is designed to increase smallholder farmers’ productivity, strengthen agricultural value chains, […]
FG issues ultimatum to maritime agencies on performance
By Godwin Oritse The Federal Government (FG) has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results. Minister of Marine and Blue Economy, Adegboyega Oyetola, issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 […]
CBN, banks, fintechs launch joint platform to fix payment gaps
•Unveil new payments vision as PSPC takes off By Babajide Komolafe The Central Bank of Nigeria (CBN), commercial banks and financial technology (fintech) operators have launched a joint industry platform aimed at addressing structural gaps in the nation’s payment system, even as the apex bank disclosed plans to unveil a new payments vision to drive the next […]
ECOWAS Bank approves over $267m for projects in Nigeria, Ghana, others
The ECOWAS Bank for Investment and Development (EBID) has approved $266.7 million and another XOF30 billion to support a portfolio of strategic infrastructure projects in Nigeria, The Gambia, Ghana, Senegal, and Côte d’Ivoire.
NNPC to increase crude oil supply to Dangote Refinery to seven cargoes
By Udeme Akpan, Energy Editor The NNPC Limited has concluded plans to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026, up from the five cargoes supplied in previous months. The move, it was gathered, reflects NNPC’s commitment to prioritising domestic crude supply in the coming months. However, reacting in an […]
