News
FTSE Russell Restores Nigeria to Frontier Market Status After Three-Year Exit
• Reclassification takes effect from opening of trading on Sept 21, 2026 •City Boy Movement describes re-entry as measurable evidence of economic progress, commends CBN, SEC for investor confidence gains
MTN Records 62% Local Procurement, Spends N2.7trn on Nigerian Suppliers in 2025
• Says country constitutes 99.9% of its workforce, has four expatriate staff •May seek 30% investment from Nigerian investors to acquire $1.1bn IHS stake Emma Okonji and Dike Onwuamaeze The
U.S. Consul General: Nigeria-US Ties Could Shape Africa’s Future, Influence Global Affairs
• Says Nigerians in US remit over $20bn annually •Sanwo-Olu: Lagos seeks more US investment, business access to American markets Chiemelie Ezeobi and Nume Ekeghe United States Consul General in
NBC: Stronger Border Cooperation Needed to Tackle Africa’s Security Threats
• Adaji seeks joint action against terrorism, banditry, others Emmanuel Addeh in Abuja The National Boundary Commission (NBC) has called for stronger cooperation among African governments, academia, border communities and
TCN’s $1.4bn Funding Lifts Power Grid as Transformer Capacity Rises to 8,500MVA
• Vandalism, ageing assets threaten sustainability •Manpower, logistics funding remain major constraints •FG: We’ve metered 60% active electricity consumers nationwide Deji Elumoye and Emmanuel Addeh in Abuja The Transmission Company
Chargé d’Affaires: China Imported $2.3bn Nigerian Goods in Six Months
Michael Olugbode in Abuja Asian economic giant, China, imported almost $2.3 billion worth of Nigerian goods in just six months, marking an almost 80 per cent increase over the same
NCDMB Seeks Pan-African Local Content Collaboration to Drive Economic Diversification, Industrial Growth
Peter Uzoho Nigerian Content Development and Monitoring Board (NCDMB) has called for deeper collaboration among African nations to unlock the continent’s enormous local content potential and accelerate economic diversification, industrial
NCC Pushes for Digital Inclusivity to Grow $1 Trillion Economy
Oghenevwede Ohwovoriole in Abuja Nigerian Communications Commission (NCC) has stated that attaining President Bola Tinubu’s $1 trillion economy target would revolve around the inclusion of every individual and sector in
Nwachukwu Backs Soludo’s Vision, Calls for Stronger Institutions, Infrastructure in Anambra
Sunday Aborisade in Abuja A member of the National Assembly representing Anambra South Senatorial District, Senator Emmanuel Nwachukwu, has backed Governor Charles Chukwuma Soludo’s vision for the state. He has
Sahara Power Advances Nigeria’s Energy Infrastructure with $12m Lagos IPP
• 12MW plant to enhance electricity supply across Ogba Peter Uzoho Sahara Power Enterprise Group (SPEG), one of Africa’s largest private power businesses, has commenced construction of a 12-megawatt (MW)
