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Nigeria

News and stories from Nigeria

West Africa
Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility
Business

Nigeria Approves $4.5 Billion Refinancing of NNPC Oil-Backed Facility

Nigeria's National Economic Council has approved the refinancing of NNPC Limited's $3.3 billion oil-backed pre-export fi...

By James A. Abi 2 weeks ago
Security Alert Over Potential Arba'een Protests in Nigeria's Capital
Politics

Security Alert Over Potential Arba'een Protests in Nigeria's Capital

The U.S. Embassy in Abuja has issued a security alert warning that potential protests and processions may occur in the c...

By James A. Abi 2 weeks ago
Army Kills Notorious ISWAP Commander in Counter-Terrorism Breakthrough
Crisis

Army Kills Notorious ISWAP Commander in Counter-Terrorism Breakthrough

The Nigerian Army has confirmed the killing of a senior terrorist commander, Mohammed Khalifa, a member of the Islamic S...

By James A. Abi 2 weeks ago
Nigeria and South Africa Seek to Ease Tensions Over Xenophobic Attacks
Politics

Nigeria and South Africa Seek to Ease Tensions Over Xenophobic Attacks

Nigeria and South Africa have agreed to de-escalate tensions over recent xenophobic attacks, with South Africa committin...

By James A. Abi 3 weeks ago
Tinubu Expands Nigerian Army to 12 Divisions, Approves 28,000 New Recruits
Politics

Tinubu Expands Nigerian Army to 12 Divisions, Approves 28,000 New Recruits

President Bola Tinubu has approved a major expansion of the Nigerian Army from eight to 12 divisions and authorised the ...

By James A. Abi 3 weeks ago
CCG's Founders Fund Africa Opens Applications for Creative Economy Accelerator
The Next 54

CCG's Founders Fund Africa Opens Applications for Creative Economy Accelerator

Chocolate City Group's Founders Fund Africa has officially opened applications for its inaugural Creative Economy Accele...

By James A. Abi 4 weeks ago
Catalyst Fund Secures $30 Million to Back Africa's Climate Tech Startups
Business

Catalyst Fund Secures $30 Million to Back Africa's Climate Tech Startups

Catalyst Fund, a pan-African climate-focused venture capital firm, has completed the second close of its debut fund, bri...

By James A. Abi 4 weeks ago
Africa's Next Unicorns Will Come from Financial Inclusion and Creative Economy — Investors
Business

Africa's Next Unicorns Will Come from Financial Inclusion and Creative Economy — Investors

Africa's next generation of billion-dollar companies is likely to emerge from financial inclusion, the creative economy,...

By James A. Abi 4 weeks ago
Nigeria Crosses $250m Startup Funding Mark for First Time Since 2022
Business

Nigeria Crosses $250m Startup Funding Mark for First Time Since 2022

Nigeria has regained its position as one of Africa's leading destinations for startup investment after attracting $254 m...

By James A. Abi 4 weeks ago
Nigeria Builds $52 Billion Cash Buffer to Shield Economy
Business

Nigeria Builds $52 Billion Cash Buffer to Shield Economy

Nigeria has built one of its strongest external financial positions in recent years, with external reserves climbing to ...

By James A. Abi 4 weeks ago
ECOWAS Approves $25 Billion Nigeria-Morocco Mega Gas Pipeline
Business

ECOWAS Approves $25 Billion Nigeria-Morocco Mega Gas Pipeline

West African leaders have formally endorsed the Nigeria-Morocco Atlantic Gas Pipeline, signing a landmark Intergovernmen...

By James A. Abi 4 weeks ago
UN Warns Terror Groups Using Drones and Crypto in West Africa
Crisis

UN Warns Terror Groups Using Drones and Crypto in West Africa

The United Nations has warned that terrorist groups operating in northern Nigeria and across West Africa and the Sahel a...

By James A. Abi 4 weeks ago