Nigeria

The Nigerian Upstream Petroleum Regulatory Commission inaugurates a gravimetric metering facility in Akwa Ibom State while the federal government establishes a project management committee for the country's first international oil spill summit, marking dual efforts to enhance operational accountability and environmental governance.

The Capital Market Academics of Nigeria has endorsed President Tinubu's Executive Order requiring direct remittance of oil and gas revenues to the Federation Account, calling it a significant fiscal transparency measure while recommending its extension to joint venture assets.

Nigeria recorded a 5.8% year-on-year increase in crude oil production to 1.64 million barrels per day in 2025, while legal action has temporarily suspended infrastructure demolitions in Rivers State's critical export corridor.

Nigeria's cloud infrastructure firm GigaLayer has acquired domain registrar Registeram, marking the latest consolidation move in the country's maturing web hosting sector as larger players absorb legacy providers to capture market share.

Zimbabwe's gold sector advances with US$150 million Shamva redevelopment and new resource declarations, while a deadly explosion at a Plateau State mine underscores persistent safety challenges across Africa's artisanal and small-scale mining operations.

Business chambers LCCI and CPPE identify transition from acceleration to disinflation in Nigeria's January inflation figures, though both organizations emphasize price stability remains elusive amid ongoing monetary policy challenges.

President Bola Tinubu has signed an executive order eliminating multiple deductions from oil and gas revenue, targeting an estimated 30% of receipts currently withheld before remittance to the Federation Account.

President Bola Tinubu has signed an executive order requiring direct remittance of oil revenues to the Federation Account, removing NNPC's authority to collect and manage a 30% exploration fund while suspending gas flare penalties.

While international partnerships and state-level initiatives push to expand Nigeria's power infrastructure, the federal government has released zero naira of the N531 billion budgeted for the power sector, exposing a critical disconnect between energy ambitions and fiscal reality.

The proposed merger between Unity Bank Plc and Providus Bank Limited moves closer to completion with shareholder approval and regulatory support, signaling a new phase of consolidation in Nigeria's banking sector.

President Tinubu and other Nigerian leaders are urging national reconciliation as the Muslim holy month of Ramadan and Christian Lenten season begin simultaneously, a rare convergence they describe as a divine opportunity for spiritual renewal.

As Nigeria's electoral commission releases the 2027 general elections timetable, debate intensifies over implementing real-time electronic transmission of results while maintaining legal fallback mechanisms to strengthen electoral integrity.

Nigeria's health system faces simultaneous challenges with stalled malaria reduction, rising kidney disease prevalence, and youth nicotine exposure, while national vaccine manufacturing capacity expands to address pandemic preparedness gaps.

Subnational governments across Nigeria are pursuing aggressive internally generated revenue targets amid volatile federal allocations, raising questions about balancing fiscal ambition with procedural compliance and governance standards.

Business leaders at the European Business Chamber Nigeria conference have emphasized that stable economic policies are critical for attracting foreign investment, as policy volatility continues to deter capital inflows into Africa's largest economy.