Nigeria

Global leaders and development partners have mobilised $3.5 billion in international commitments for education, as Nigeria and Italy took the lead in a renewed effort to close the financing gap confronting education systems and expand opportunities for hundreds of millions of children worldwide.

The Central Bank of Nigeria’s reduction of its benchmark rate from 26.5% to 23% offers businesses a reason to watch for cheaper credit.

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.

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.

Nigeria head coach, Eric Chelle, faces several selection decisions as the Super Eagles prepare to begin their 2027 Africa Cup of Nations qualifying campaign against Madagascar in Uyo on Friday.

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 is developing a financing route that could allow small businesses to raise cash against verified unpaid invoices, helping them fund operations while waiting for customers to settle their bills.