KEY POINTS
Nigeria and Türkiye signed an MoU to strengthen cooperation in solid minerals development, mining technology, and investment.
Dele Alake said ongoing reforms and crackdowns on illegal mining are improving investor confidence in Nigeria’s mining sector.
Türkiye expressed readiness to expand investments in...
KEY POINTS
Nigeria’s economy grew by 3.89% in Q1 2026, according to the National Bureau of Statistics, showing a slowdown from the previous quarter.
Agriculture improved significantly, while industry recorded modest gains and services remained the largest contributor to GDP at 57.73%.
Despite slower...
Nigeria recorded the sharpest petrol price increase of any country worldwide at 39.5 percent between February 23 and March 16, 2026, as the Middle East war drove global oil prices to a four-year high.
Tony Elumelu's Transcorp Group posted record full-year 2025 revenue of $399 million and a 44 percent profit after tax surge, its strongest financial performance to date.
BudgIT's Tracka platform has identified N24 billion in abandoned, unexecuted, and fraudulently delivered public projects across Nigerian states, with Benue, Ondo, Imo, and Lagos among the worst performers.
Nigeria's overall balance of payments surplus fell 38 percent to $4.23 billion in 2025, with crude oil export declines and a sharp retreat in foreign portfolio investment driving the contraction.