Economy, markets, finance, CBN policy, energy, and industry.
As the global race for critical minerals intensifies, Nigeria is urged to shift its approach towards artisanal miners, moving away from punitive measures and towards formalization and support. The call emphasizes the need for equitable licensing and safety training to empower small-scale miners in the burgeoning mineral sector.
The upcoming African IP Summit aims to explore the practical applications of the AfCFTA's intellectual property framework, positioning it as a pivotal tool for fostering innovation and commerce across the continent. Stakeholders will gather to discuss strategies that empower businesses and creators in leveraging IP for economic growth.
In July 2026, Nigeria's electricity distribution companies (DisCos) billed customers N250.79 billion, demonstrating a billing efficiency of 75.10%. However, they only managed to collect N205.53 billion, highlighting ongoing challenges in the energy sector.
In a significant move towards sustainable transportation, PromiseLand is set to unveil its ProTaxi initiative on October 1, coinciding with Nigeria's Independence Day. The program aims to create job opportunities within the electric mobility sector, particularly for aspiring drivers.
In a significant legal decision, the Appeal Court has ruled in favor of Fidelity Bank, affirming the bank's fundamental rights amidst a contentious case. The judgment, delivered by a three-member panel led by Justice Adebukola Banjoko, highlights the importance of protecting financial institutions in Nigeria's legal landscape.
Sterling Financial has successfully reclassified its capital structure, ensuring that total shareholders’ funds remain stable. This initiative is aimed at optimizing financial stability and positioning the company for future growth opportunities.
In a historic move, Nigeria and the United States have signed a framework aimed at fostering investment in the country's mineral resources, valued at approximately $700 billion. This initiative seeks to leverage bilateral relations to enhance business opportunities across Nigeria's mineral value chain.
A coalition of civil society organizations is urging for greater transparency regarding JBS's $2.5 billion investment in Nigeria’s livestock sector, highlighting potential risks associated with the expansion. They have also raised concerns over the lack of community consultation in the planning process for the proposed facilities.
President Bola Tinubu has reaffirmed his administration's commitment to supporting Ogun State following the signing of a significant port agreement with DP World in Paris. This agreement aims to enhance the state's logistics and trade capabilities, marking a pivotal step in Nigeria's infrastructural development.
Ethiopia and Djibouti have recognized the Dangote Group's $660 million Damarjog-Dewele Oil Terminal and Pipeline Project as a pivotal investment that promises to enhance energy security and boost regional trade in the Horn of Africa. This initiative is anticipated to facilitate deeper economic integration between the two nations.
President Bola Tinubu attended the signing of Memoranda of Understanding with DP World that promises to inject over $7 billion into Ogun State's economy, alongside the creation of more than 50,000 jobs. This ambitious project aims to enhance Nigeria's maritime infrastructure and boost economic development.
The Central Bank of Gambia has called on financial institutions, including GTB and Access Bank, to terminate the employment of non-Gambian workers to bolster local job opportunities. This directive follows a study indicating a significant presence of foreign personnel in the banking sector.
