News

The National Drug Law Enforcement Agency (NDLEA) has dismantled a suspected transnational drug manufacturing network allegedly operated by Nigerian and Mexican nationals, following the discovery of a clandestine methamphetamine laboratory in Enugu State.

Vice President Kashim Shettima has urged Nigerians living abroad to take a more active stake in the country’s economic transformation, asking the Diaspora to invest capital, transfer expertise and help project Nigeria’s interests in the global economy.

Indigenous shipowners are calling on major cargo owners, including Dangote Group, to support the development of Nigeria’s local shipping fleet through long-term Contracts of Affreightment for petroleum products, cement, fertiliser and other bulk cargoes.

TotalEnergies and Nigerian independent oil and gas company AMNI International have taken the Final Investment Decision on the Ima Gas Project, unlocking development of a gas field discovered in 1973 and left undeveloped for more than five decades.

The Deputy President of the Nigerian Senate and First Deputy Speaker of the Parliament of the Economic Community of West African States (ECOWAS), Senator Barau Jibrin, has urged the regional body to learn from Nigeria’s experience with farmer-herder conflicts and the humanitarian crisis they have generated.

Akwaaba Africa Travel Market is taking its Africa-to-Africa tourism campaign to Nairobi, returning as an exhibitor at the 16th Magical Kenya Travel Expo (MKTE) from October 6–8, 2026.

A new financing facility backed by the UK Government and FMO is targeting one of the persistent challenges facing Nigeria’s small and growing businesses: access to appropriate growth capital.

Nigeria produced about 306.4 million barrels of crude oil and condensate between March and August 2026 as upstream output strengthened through the first half of the period before easing slightly in July and August, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The UK Government-backed Manufacturing Africa programme has supported 23 Nigerian businesses to reach financial close, mobilising more than US$630 million in investment and creating the potential for over 21,400 direct jobs.

Nigeria’s electricity subsidy bill could reach ₦2 trillion this year if the government maintains the current tariff structure, adding pressure to public finances as the power sector continues to struggle with rising costs and weak revenue collection.