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NIGERIA

News and stories about Nigeria

President Cyril Ramaphosa announced that Nigerian tourists and business travelers can now benefit from relaxed visa requirements, as part of the ongoing bilateral cooperation between the two countries.  
The Nigerian government has sought South Africa’s endorsement to attain full membership in the G20, BRICS, and the BRICS New Development Bank (NDB).  
The United Kingdom is leveraging its expertise to partner with Nigeria in tackling cybersecurity threats and addressing emerging digital challenges affecting both nations.  
With Donald Trump securing a second term as president of the United States, leaders from Africa, including Nigeria's President Bola Tinubu, expressed optimism about the potential for stronger economic ties between the U.S. and the continent.
Donald Trump's return to the White House sparked many reactions across the African continent, including in Nigeria.
Chevron Corp. Plans to increase its exploration holdings in African oil producers such as Nigeria and Angola, where it anticipates the potential for a production rebound despite years of decline. 
The federal government, alongside the Economic Community of West African States (ECOWAS), Morocco, and Mauritania, have reaffirmed their commitment to advancing the $26 billion African Atlantic Gas Pipeline project.  
Credit ratings agency, Fitch has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of high interest rate and inflation in the country.  
The United Nations (U.N) projects an increase of 7 million hungry people in Nigeria by August 2025.  
Cocoa production in Nigeria is projected to increase by as much as 10% on the back of elevated cocoa prices in the international market in the last one year.  
The Federal Government of Nigeria has launched a 9-month window for Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, also known as the "Disclosure Scheme," under Executive Order No. 15 of 2023. 
The International Monetary Fund (IMF) says that oil-producing countries in Sub-Saharan Africa are growing at roughly half the pace of the broader region in what the IMF describes as “subdued and uneven” growth.