Blog

Bubari re-appoints Dabiri-Erewa as NIDCOM chairman
Business

NIDCOM rejects claims of zero distress calls amid Middle East crisis

The Nigerians in Diaspora Commission has rejected online claims that no distress calls have been received from Nigerians in Iran amid the escalating Middle East conflict. In a statement issued in Abuja, the NIDCOM’s Director of Media, Public Relations, and Protocols, Abdur-Rahman Balogun, said the comment attributed to the Commission’s spokesman was false. NIDCOM also […]

Ports and Airports

Abuja airport registers over 10,000 Go Cashless cards

The Airport Manager of Nnamdi Azikiwe International Airport, Mr. Ahmed Danjuma, has confirmed that over 10,000 Go Cashless cards have now been registered at the facility. This development forms part of the nationwide rollout of the Federal Government’s cashless tollgate policy by the Federal Airports Authority of Nigeria. Danjuma made the disclosure in an interview […]

Business

Governors backs direct remittance of oil, gas revenues

The Nigeria Governors’ Forum has backed the Federal Government’s executive order requiring the direct remittance of all oil and gas revenues into the Federation Account. According to the News Agency of Nigeria, the Governor of Kwara State and NGF Chairman, Abdulrahman Abdulrazaq, conveyed the forum’s position in a statement issued on Monday. Abdulrazaq described the […]

Mobile carriers pledge $9bn to ITU, increase global connectivity
Technology

ITU secures $82bn for internet expansion to 2.2bn offline people

The International Telecommunication Union has secured more than $82 billion in pledges through its Partner2Connect Digital Coalition, ramping up efforts to connect the 2.2 billion people who remain offline globally. The milestone was announced on Monday at Mobile World Congress 2026 by ITU Secretary-General Doreen Bogdan-Martin. Established in 2021, Partner2Connect is a global mobilization platform […]

Business

CBN to auction N1.05tn in treasury bills on March 5

The Central Bank of Nigeria has unveiled plans to auction N1.05 trillion worth of Treasury Bills on March 5, 2026, comprising 91-day, 182-day, and 364-day tenors, as liquidity conditions remain tight. Details of the offer were outlined in an official tender notice issued by the apex bank on behalf of the Debt Management Office, according […]

Business

Botswana Power Corporation appoints Akinwole II Omoboriowo vice chairman

Botswana Power Corporation has appointed a Nigerian energy specialist, Akinwole II Omoboriowo as Vice Chairman and Board Member, aiming to boost its leadership and strategic direction. Announced on BPC’s official website, the move comes as the country works to resolve electricity supply challenges, grow its renewable energy capacity, and emerge as a net exporter of […]

Nigeria is finished if manufacturing sector dies, MAN warns
Business

MAN commends UNIDO for boosting Nigeria’s manufacturing sector

The Manufacturers Association of Nigeria has commended the United Nations Industrial Development Organisation for its efforts aimed at repositioning the manufacturing sector in Nigeria for sustained growth by adopting global best practices and methodologies. Director, Research and Economic Policy Division, MAN, Dr. Oluwasegun Osidipe, gave the commendation at the ‘MAN National Stakeholders Sensitisation Workshop of […]

Nigeria-China trade hits $23bn - Envoy
Conferences

China named strategic partner for West Africa IMT summit 2026

The Trade Development Bureau of China’s Ministry of Commerce has been confirmed as a Strategic Country Partner for the West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition 2026. This, according to organisers, reinforces a growing shift in Nigeria-China economic relations from expanding trade volumes to anchoring industrial production and long-term investment. […]

News

Amazon data centres hit by drones in Middle East amid war

Tech giant Amazon said late Monday that two of its data centers in the United Arab Emirates were “directly struck” by drones, disrupting cloud services in parts of the Middle East. A facility in Bahrain was also damaged by “a drone strike in close proximity”, the provider said in an update to its service updates […]

Nigeria's FX reserves hits three-month peak
Finance

Net external reserves surge 50.5% to $34.8bn in 2025 — CBN

The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has disclosed that the nation’s net external reserves rose 50.5 per cent year-on-year to $34.8 billion in 2025 from $23.11 billion in 2024. In a statement from the apex bank, Cardoso said that the growth in external reserves reflects stronger external sector fundamentals and […]

FG spends 74% of revenue on debt in Q1 2024
Finance

Naira depreciates marginally to ₦1,370.30/$ mid-session

The Naira opened the second trading session of March with a slight cooling against the United States Dollar on Tuesday, March 3, 2026. Real-time data from the Nigerian Foreign Exchange Market and informal trading desks indicate that the local currency is adjusting following a week of steady gains. The market is balancing high liquidity with […]

Business

Nigeria’s private sector rebounds strongly in February PMI survey

Nigeria’s private sector staged a strong recovery in February 2026, driven by renewed customer demand that boosted business activity and helped moderate inflationary pressures, according to the latest Purchasing Managers’ Index survey released by Stanbic IBTC Bank. The headline PMI climbed to 53.2 in February from 49.7 in January, crossing back above the 50.0 no-change […]