NIGERIA

Nigeria’s macroeconomic environment has moved from systemic fragility to managed stability, supported by stronger fundamentals, improved foreign exchange supply and policy reforms. An economist and energy analyst, Kayode Omosebi, says Nigeria’s macroeconomic environment has transitioned from the crisis-driven fragility of previous years to a more stable and resilient economic structure,...

The US Embassy has warned of possible terrorist threats targeting American facilities and US-affiliated schools in Nigeria. The United States Embassy in Abuja has warned of a possible terrorist threat targeting American facilities and U.S.-affiliated schools in Nigeria, urging U.S. citizens in the country to take additional security precautions. In...

Nigeria Police expands counter-terrorism capacity, establishes new CTU bases, and deploys personnel to strategic locations nationwide. The Nigeria Police Force has expanded its counter-terrorism capacity with the approval of new Counter Terrorism Unit bases and the deployment of additional personnel to strategic locations across the country. The development was disclosed...

Finance Minister Wale Edun says Nigeria’s economic reforms reflect fiscal correction aimed at long-term sustainability, not fiscal collapse. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Friday said recent trends in the nation’s economy did not indicate that the country was experiencing a fiscal...

Nigeria’s external reserves rise to $50.45 billion, highest in 13 years, strengthening buffers for imports, debt servicing and currency stability. Nigeria’s foreign reserves have risen to their highest level in more than a decade, offering a rare moment of financial relief for Africa’s largest economy amid years of foreign exchange...

Nigeria needs $23bn to expand electricity access to 143,000 communities as power shortage continues to hinder economic growth, says REA. Nigeria will require an estimated $23 billion to bridge electricity gaps in underserved and unserved communities nationwide, a revelation that underscores both the scale of the country’s energy deficit and...

Tinubu appoints SGF Akume to lead five-member delegation representing Nigeria at burial rites of US civil rights icon Jesse Jackson. President Bola Tinubu has constituted a five-member delegation to represent Nigeria at the burial of American civil rights leader, activist and former presidential candidate, Rev. Jesse Jackson. Jackson, who died...