Nigeria

Dangote refinery is already changing Nigeria’s petroleum trade flows. According to the US Energy Information Administration, Nigeria’s seaborne petroleum-product shipments averaged 561,000 barrels per day in the second quarter of 2026, up from 79,000 bpd in 2023.

The Coca-Cola System is planning to invest $1 billion in Nigeria over five years as the company expands its production capacity and deepens its local supply chain.

Nigeria’s agricultural imports fell by 8.5 percent year-on-year to N2.03 trillion in the first half of 2026, despite a sharp increase in import activity during the second quarter.

Nigeria’s food crisis presents one of the country’s most painful contradictions. The nation possesses vast arable land, millions of farmers, a favourable climate and an agricultural sector capable of producing enormous quantities of food. Yet millions of Nigerians go to bed hungry, food prices continue to climb.

Diplomacy appears to be failing in resolving the impasse between Nigeria and South Africa following unrelenting xenophobic attacks on Nigerians and some other Africans.

There are publications that merely document an industry, and there are those that attempt to shape its future. The maiden edition of the NIBSS Digest, appropriately themed “Redefining the Future of Payments,” belongs more convincingly to the second category.

Vice President Kashim Shettima has reaffirmed Nigeria’s commitment to the World Trade Organisation (WTO) and the multilateral trading system.

Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has withdrawn from the race for Deputy Secretary-General of the International Telecommunication Union (ITU).

Vice President Kashim Shettima has arrived in New Delhi, India, to represent President Bola Tinubu at the 18th BRICS Leaders’ Summit, taking Nigeria’s economic diplomacy drive to a major platform of emerging economies.

Diesel prices in the United States have crossed $6 per gallon for the first time, highlighting the growing inflationary impact of the global energy supply shock.