The attacks by the US and Israel on Iran, which started on 28 February 2026, upended key supply chains, driving oil prices above US$100 a barrel. The spike followed Iran’s closure of the Strait of Hormuz in response to the US and Israeli action. About 20% of the world’s oil supplies are transported through the…
Nigeria has signed the host agreement for the f ifth Intra-African Trade Fair 2027 (IATF2027), taking over the baton from Algeria which hosted the highly successful fourth edition that recorded US$49.94 bil lion in trade and investment deals. The agreement signing ceremony was held in Lagos on Monday, the designated ‘host city’, in partner ship…
Shipping companies, freight forwarders and other port users have raised concerns over the potential impact of the ongoing crisis in the Middle East on cargo throughput into Nigerian ports. They warned that the situation could also worsen Nigeria’s inflation if the conflict in the region persists. Speaking with Vanguard on the development, Chairman of the…
The Federal Government of Nigeria, African Export-Import Bank (Afreximbank), African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat will officially sign the Hosting Agreement for the 2027 Intra-African Trade Fair (IATF2027) at the Wole Soyinka Centre for Culture and Creative Arts in Lagos on Monday, 9 March 2026. This landmark ceremony…
For the first time, Nigeria has become an exporter of PV panels, shipping Lagos-made panels to countries like Ghana. In this interview Managing Director of Rural Electrification Agency (REA), Dr Abba Aliyu speaks on Nigeria’s emerging leadership in the renewable energy space and how the country is becoming a major exporter of solar-PV panels. He…
In 2023, Nigeria recorded 53,500 new breast cancer cases, representing a 542.9 per cent increase since 1990. African countries are recording some of the fastest-growing breast cancer burdens globally, with Equatorial Guinea topping the list at a 312 per cent increase in new cases since 1990, a new analysis from the Global Burden of Disease…
MTN Nigeria Communications CEO Karl Toriola MTN Nigeria has reported a dramatic reversal in fortunes, swinging from a loss of ₦400.4-billion (R4.7-billion) in 2024 to a profit after tax of ₦1.1-trillion (R12.9-billion) for the year ended 31 December 2025, as a more stable naira and surging data demand powered a recovery across the business. The…
Abuja — Pope Leo will visit four countries across Africa from April 13 to 23, the Vatican announced yesterday, with the pontiff making his first major overseas trip in 2026 to the continent where the Catholic Church is growing fastest. The pope will also make a one-day visit on March 28 to Monaco, the microstate…
The rebuttal was followed by news the police chief was resigning a year before the end of his term.
Nigeria has endorsed the proposed institutional reforms in the African Union (AU), with a focus on peace and security governance, strengthening democratic institutions and ensuring stronger cooperation with international financial institutions and the private sector. The country also aligned with proposed restructurings aimed at boosting domestic and regional resource mobilisation for affordable development financing and…
