Sam Diala examines how the women of South-East Nigeria have turned the traditional August Meeting into a community development initiative supported by Nestle Nigeria
Across Nigeria, the nation’s major highways are increasingly becoming economic traps. Some highways are among the routes that have repeatedly subjected motorists, passengers and businesses to debilitating congestion, accidents and prolonged delays.
Nigeria attracted about $8.39bn in foreign direct investment (FDI) between 2022 and 2025, with inflows rising sharply in 2025 amid renewed activity in the oil and gas sector.
Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, securing additional long-term financing as investors accepted a lower yield on debt maturing in June 2038.
Nigeria is getting a major boost from crude oil prices trading above $100 per barrel, but the windfall could come with high costs for households and businesses.
Fitch Ratings has raised fresh concerns over Nigeria’s $5bn Total Return Swap with First Abu Dhabi Bank, warning that the financing structure could create additional risks for government liquidity.
Nigeria allotted approximately ₦1.60 trillion in government bonds at its September auction, with more than half allocated outside competitive bidding.
Nigeria’s latest petrol price increase has not eliminated one of the strongest incentives for cross-border fuel diversion: a substantial price gap between Nigeria and neighbouring countries.
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.
Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a Milan-bound businessman with 4.80 kilograms of cocaine concealed in the soles of shoes and the railings of travelling bags at the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos.