Nigeria has entered into a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to install hundreds of renewable mini-grids aimed at delivering reliable electricity to millions ...
The governments of the United Kingdom and Nigeria have reaffirmed their commitment to increasing trade cooperation and economic growth. This strengthened relationship aims to eliminate technical trade obstacles, increase regulatory ...
In February 2025, Nigeria increased its oil production by 70,000 barrels per day (bpd), surpassing its OPEC+ target. This boost contributed to the Organization of the Petroleum Exporting Countries (OPEC) ...
The United Kingdom and Nigeria have reinforced their commitment to deepening trade relations and fostering economic growth through the implementation of Nigeria’s National Quality Policy under the Standards Partnership Programme ...
The Business Growth Initiative for Startups (BGIS) is a program designed to empower women-led startups in Nigeria by providing tailored support to facilitate business expansion. Eligibility Criteria: Female-owned and led ...
The World Bank plans to issue a $2.2 billion loan for Nigeria in 2025, which would be distributed over six development projects. According to the Washington-based banking institution, the funds ...
Nigeria's GDP increased by 3.4 percent in 2024, a 0.66 percentage point year-on-year (YoY) increase over the 2.74 percent recorded in 2023. GDP growth in 2024 improved on the 3.84 ...
Nigeria's debt to the World Bank is expected to reach $9.2 billion, as the Federal Government plans to secure six new loans totalling $2.23 billion within the year. These loans ...
The Nigerian government has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, seeking $81.5 billion in damages. The lawsuit comprises $79.5 billion for alleged economic losses and an ...
The Federal Government has announced that Nigeria's petrol consumption has dropped to 50 million litres per day with half of this demand being met by local refineries. As a result, Nigeria ...
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