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German firms eye Nigeria’s €222bn food market

01.04.2026
German companies are intensifying their focus on Nigeria’s rapidly growing food sector, projected to reach €222bn by 2026, as both nations seek deeper cooperation to enhance food security and drive economic growth. Trade between Germany and Nigeria reflects growing economic ties. According to Trading Economics, Germany’s exports to Nigeria nearly doubled from $500m in 2021...
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World Bank Flags Uneven AI Impact on Global Jobs

01.04.2026
A new joint working paper by the International Labour Organisation and the World Bank has warned that generative artificial intelligence is poised to reshape labour markets worldwide, but its impact will be uneven, particularly between advanced and developing economies. The study, prepared as a background paper for the World Development Report 2026, examined labour market...
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Nigerian Travel Agents Decry Losses from Mideast Crisis

01.04.2026
The President of the National Association of Travel Agents of Nigeria, Yinka Folami, has raised concerns over the growing impact of the Israel-Iran conflict on the operations and revenues of travel agencies in Nigeria, warning that the crisis is already taking a heavy toll on the sector. Speaking during a press conference held to usher...
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UNIDO, China partner to expand Nigeria hydropower capacity

01.04.2026
In a fresh push to tackle Nigeria’s electricity deficit and accelerate rural development, the Federal Government on Monday partnered with the United Nations Industrial Development Organisation and the Chinese government to launch a Small Hydropower Centre of Excellence in Abuja. The initiative, funded by the China International Development Cooperation Agency, is designed to expand renewable...
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Afreximbank provides $2.5bn Dangote Refinery loan

01.04.2026
The African Export-Import Bank has underwritten $2.5bn out of a $4bn senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals. The move was aimed at strengthening the refinery’s financial position and supporting its long-term growth. In a statement issued on Tuesday and posted on its website, the bank said it acted as a co-Mandated...
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Nigeria gas price rises to $2.18/MMBtu effective 2026

01.04.2026
The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday announced an increase in the Domestic Base Price of natural gas to $2.18 per MMBtu, effective April 1, 2026. The new price represents a marginal rise from the 2025 rate of $2.13/MMBtu for power generation companies. The adjustment reflects an increase of five cents, equivalent...
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NUPRC reforms lead to record gas output in Nigeria

01.04.2026
Renaissance Africa Energy Company Nigeria Ltd has credited ongoing regulatory reforms by the Nigerian Upstream Petroleum Regulatory Commission for its recent surge in production, announcing a record 2.2 billion cubic feet of gas output. The indigenous energy firm said the milestone reflects a broader turnaround in Nigeria’s upstream sector, driven by improved regulatory clarity and...
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Adelabu denies resignation rumours, calls it fake news

01.04.2026
The Minister of Power, Adebayo Adelabu, has denied reports suggesting he has resigned from office, describing the claims as false and misleading amid growing political speculation over his future. The rebuttal comes at a time of heightened uncertainty following a Federal Government directive requiring political appointees with ambitions for the 2027 general elections to step...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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