Nigeria

The World Bank predicts a modest but notable increase in economic activity across Sub-Saharan Africa, projecting growth to rise from 3.3% in 2024 to 3.5% in 2025, with expectations to further accelerate to 4.3% by 2026-27. This forecast brings a glimmer of hope, yet many underlying challenges remain. According to the latest Africa’s Pulse report, the growth potential of the region is heavily influenced by a few heavyweight economies. Angola, Nigeria, and South Africa, among the largest economies on the continent,…

Nigeria’s Strategic Move to Re-Enter JPMorgan's Bond Index Recently, Patience Oniha, the head of Nigeria's Debt Management Office, delivered an exciting update: following significant reforms in the foreign exchange (FX) market, Nigeria is on track to re-enter JPMorgan's Government Bond Index for Emerging Markets. This news, announced during the Nigerian Investor Forum held at the International Monetary Fund and World Bank Spring Meetings in Washington D.C., has sparked a renewed sense of optimism among investors and…

The Federal Government of Nigeria is gearing up for a significant shift in its domestic bond market strategy. In the second quarter of 2025, the government seeks to raise approximately between N900 billion and N1.2 trillion, marking a notable decline from the N1.8 trillion initially targeted for the first quarter of this year. This adjustment reflects the challenges the Nigerian government faces in navigating a complex fiscal landscape. With the release of the FGN Bond Issuance Calendar for the upcoming quarter,…

In an exciting move to enhance its gas sector regulatory framework, the Nigerian Government has partnered with the United Kingdom's Office of Gas and Electricity Markets, also known as Ofgem. This collaboration marks a significant step forward, underscoring the importance of a robust regulatory environment in promoting sustainable growth within the nation’s energy landscape. The partnership was formalized during a high-profile meeting in London, which brought together Nigeria’s Minister of State for Petroleum Resources…

Nigeria’s SEC Issues Cautionary Notice to Influencers and Bloggers In the ever-evolving landscape of finance and investment, the Securities and Exchange Commission (SEC) of Nigeria has taken a decisive stand against the promotion of unregistered investment schemes. Recently, they sent a clear message to influencers, bloggers, and celebrities: refrain from endorsing these dubious ventures or face significant legal consequences. In a formal announcement made in Abuja, the SEC’s warning came on the heels of the recent…

In a significant move to strengthen the partnership cultivated through the Nigeria–South Africa Bi-National Commission, recently inaugurated by Presidents Bola Tinubu and Cyril Ramaphosa, the Ministers of Solid Minerals from both countries have taken a substantial step forward. They have signed a Memorandum of Understanding (MoU) that outlines fundamental areas of cooperation, complete with clear implementation timelines aimed at nurturing a more vibrant mining sector. During the bilateral meeting held in Abuja, Nigeria's…

The Evolution of Nigeria's Blockchain Ecosystem A remarkable report from the venture capital firm Hashed Emergent has shed light on Nigeria’s blockchain landscape, revealing the impressive strides made by over 80 emerging startups. Together, these pioneers have successfully secured funding exceeding $130 million, with $20 million raised in the early months of 2024 alone. It’s a staggering figure that showcases the burgeoning potential of technology in one of Africa's largest economies.…

In Accra, the vibrant capital of Ghana, heads of state from the Economic Community of West African States (ECOWAS) have convened for a pivotal meeting. This gathering comes in response to a significant development: three member nations have announced their intent to withdraw from the bloc in January. As the discussions unfold, the leaders aim to explore the complexities surrounding the countries' exit and its broader ramifications for ECOWAS agencies. ECOWAS, a cornerstone of regional cooperation, has consistently upheld…

On April 14, we marked a haunting eleven years since the tragic abduction of 276 schoolgirls from Chibok by the extremist group Boko Haram in 2014. This incident did not merely shed light on the depths of human depravity but also highlighted the alarming systemic inadequacies in Nigeria's governance and security frameworks. Why, in a nation rich with resources and talent, do we continue to witness such harrowing events? Despite widespread condemnation and the fervent #BringBackOurGirls campaign, a staggering 90 of those…

A Glance at Nigeria’s Migration Dilemma In recent events, the Nigeria Immigration Service (NIS) flagged a group of 62 individuals—comprised of 51 men and 11 women—who were detained for illegal entry and subsequently deported through proper channels. This incident sheds light on the pressing issue of irregular migration across West Africa’s vulnerable borders, underscoring the heightened scrutiny of regional movements. Mr. Tony Akuneme, the Controller of the command, shared the details in a statement issued on a Sunday in…