Lagos police have raided a warehouse used for more than two years to repackage fake medicines including Viagra, Omeprazole and antibiotics for distribution across Nigeria and West Africa.
Nigeria has fewer than 300 psychiatrists serving a population of over 200 million people, a professor of psychiatry has warned, calling for urgent action on mental healthcare funding.
Finance Minister Olawale Edun on Tuesday warned against subsidy reversals at the World Bank/IMF Spring Meetings in Washington, urging developing nations to hold reform gains as global shocks intensify pressure to abandon hard-won policy progress.
The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
Nigeria's power subsidy obligation reached N418.79 billion in the fourth quarter of 2025, a decline of N39.96 billion from the third quarter, according to the Nigerian Electricity Regulatory Commission.
Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.
Nneka Onyeali-Ikpe secured Fidelity Bank's recapitalization with a N259 billion private placement of ordinary shares on Dec. 31, 2025, pushing eligible capital to N564.5 billion and clearing the Central Bank of Nigeria's N500 billion threshold.
Nigeria's electricity regulator says the federal government absorbed N418.79bn in power subsidies in the fourth quarter of 2025, as sector losses exceeded N300bn.
Lagos police have raided a warehouse used for more than two years to repackage fake medicines including Viagra, Omeprazole and antibiotics for distribution across Nigeria and West Africa.
Nigeria has fewer than 300 psychiatrists serving a population of over 200 million people, a professor of psychiatry has warned, calling for urgent action on mental healthcare funding.