The British High Commissioner to Nigeria, Richard Montgomery, has lauded Nigeria’s ongoing economic reforms, describing them as key drivers for the country’s growing potential as an investment ...

The report comes amid a raft of reforms by President Bola Tinubu's government. Nigeria's gross domestic product (GDP) grew by 3.4% in 2024, the World Bank said in a new report published Monday.

The International Monetary Fund has confirmed that Nigeria has fully repaid the $3.4bn financial support it received under the Rapid Financing Instrument to cushion the economic impacts of the ...

Nigeria’s government has set a new, significantly higher, production target for the national oil company, aiming for 2.5 million barrels daily by the end of this year. “When the new NNPC ...

The United Kingdom has said it sees growing opportunities in doing business in Nigeria. The British High Commissioner to Nigeria, Richard Montgomery, made this known during a press conference on ...

Nigeria, which has suffered years of fuel shortages, has spent about $2.4 billion since 2021 to revive the long-mothballed state-owned Port Harcourt and Warri refineries in the Niger Delta to end ...

LAGOS, May 8 (Reuters) - Nigeria has repaid $3.4 billion in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus ...

U.S. supermajor ExxonMobil plans to invest as much as $1.5 billion in deepwater oil and gas exploration and development offshore Nigeria, the local regulator, the Nigerian Upstream Petroleum ...

China has announced plans to establish electric vehicle (EV) factories in Nigeria, in a move that signals a major step forward in the strategic partnership between the two nations and a boost for ...

Before George Etomi went to university in 1972, his home in Lagos, Nigeria’s commercial capital, had near-constant power. When he returned from studying abroad a few years later, power cuts had ...

The Federal Government of Nigeria has cleared the $3.4bn International Monetary Fund, IMF, COVID-19 loan. The IMF removed Nigeria from its credit outstanding list for the period covering May 1 to ...

The meeting is a significant move to enhance Nigeria’s defence capabilities, he said. Mr Matawalle said the meeting aims to strengthen strategic defence ties between Nigeria and China.