Nigeria has attracted over $8 billion in investments for deepwater and gas projects within the past year, thanks to major reforms by the federal government aimed at revitalizing the energy sector. This was revealed by Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, during the 2025 Africa
A group of concerned civil society organisations has sounded the alarm on Nigeria’s growing financial crisis, revealing that the country loses more than $18 billion every year to illicit financial flows—while over 70% of its revenue goes into servicing debt. This troubling revelation is part of a newly released
Cocoa prices have surged, recently settling at $9,187 per ton on the New York Commodity Exchange, and Nigeria is positioning itself to benefit. In a bold move to reduce its reliance on crude oil revenues, the country is turning its focus to cocoa, one of its key agricultural exports.
The Lagos Chamber of Commerce and Industry (LCCI) has emphasized that the success of the Federal Government’s ‘Nigeria First’ policy hinges on bold, consistent, and coordinated implementation. According to Dr. Chinyere Almona, Director General of LCCI, the policy—soon to be formalized through an executive order—requires Nigeria to be prioritized
The Nigerian government has raised alarm over the growing threat of food fraud and unsafe preparation methods, revealing that the country loses approximately $3.6 billion each year due to foodborne illnesses. These losses come from reduced productivity, increased medical costs, and restrictions on trade. Speaking at the launch of
The South African Post Office (SAPO) is set to receive a R381 million wage subsidy from the government to help cover employee salaries for the next six months as part of its business rescue process. This funding is intended to provide financial relief to nearly 6,000 employees and reduce
Nigeria has reaffirmed its dedication to tackling sickle cell disease (SCD), with Abuja set to host the Global Congress on Sickle Cell Disease from June 3 to 6, 2025. Obiageli Nnodu, chairperson of the local organising committee, highlighted Nigeria’s critical role in the global fight, given its status as
The Federal Government has officially adopted a new roadmap aimed at transforming Nigeria’s electricity sector with the approval of the National Integrated Electricity Policy (NIEP). The policy, initially completed in December 2024 and submitted to the President, received formal approval at a recent Federal Executive Council (FEC) meeting. It
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Klaus Schwab, the founder and long-serving chairman of the World Economic Forum (WEF), has officially resigned from his role. At 87, Schwab announced his decision to step down as both chair and member of the Board of Trustees, effective immediately. During a special board meeting held on April 20,
