Lafarge Africa Plc shareholders have approved a plan to rename the cement maker HBM Nigeria Plc, marking the formal shift to its new Chinese majority owner. The decision was approved at the company’s annual general meeting on April 30, 2026. The board was authorized to amend the company’s articles and take the steps needed to…
Nigeria is the only AU member state to have served continuously since its establishment in 2004. The Ministry of Foreign Affairs has announced that Nigeria has assumed leadership of the African Union Peace and Security Council (PSC) for May 2026. The development marks Nigeria’s return to the leadership of the 15-member body for the first…
Namibia’s Ambassador to Nigeria, Walde Ndevashiya, has outlined plans to strengthen economic cooperation between the two nations, with a focus on expanding partnerships across key sectors. The diplomat said his mission will prioritise economic diplomacy. Ndevashiya placed strong emphasis on trade, investment and sector cooperation. He stressed the importance of leveraging the African Continental Free…
More than 20 years after an unsuccessful attempt to record a commercial oil discovery within the Nigeria-Sao Tome & Principe Joint Development Zone (JDZ), the two countries are calling for willing investors, particularly independent producers in Nigeria, to go into aggressive search for hydrocarbon in the ultra-deep frontier basin. The Nigeria-Sao Tome & Principe Joint…
H.E. Mahmoud Ali Youssouf, Chairperson of the African Union (AU) Commission, today received the Letters of Credence of H.E. Ambassador Nasir Aminu, Permanent Representative of the Federal Republic of #Nigeria to the Federal Democratic Republic of Ethiopia & to the AU. The Chairperson congratulated Ambassador Aminu on his appointment, noting that his prior engagement with…
NIGERIA’S healthcare sector is undergoing rapid transformation, with forecasts predicting a 7.1 per cent expansion and an anticipated market value of $161.7 million by 2027. This growth is fuelled by a $1.2 billion Federal Ministry investment in infrastructure and workforce, major oncology and diagnostic expansions by the Nigeria Sovereign Investment Authority, and increased imports under…
The President of the Confédération Africaine de Football (“CAF”), Dr Patrice Motsepe, is deeply saddened by the passing of former Nigerian Football Federation (“NFF”) President, Mr Ibrahim Galadima. On behalf of CAF and its 54 Member Associations, Dr Motsepe conveys his heartfelt condolences to the Nigeria Football Federation (“NFF”) and its President, Ibrahim Musa Gusau,…
Following a successful event at SunBet Arena in Pretoria, South Africa, on April 10, PFL Africa is set to make its debut in Nigeria, with the next stop scheduled for June 13 at the Eko Convention Centre in Lagos. The landmark event is expected to be the largest MMA showcase in West African history. It…
Nigeria has stepped up efforts to host the African Union (AU) African Monetary Institute (AMI), signalling a renewed push toward deeper monetary cooperation and financial integration across the continent, as preparations intensify for the institute’s planned take-off in September 2026. The renewed commitment was reinforced on the sidelines of the ongoing IMF/World Bank Spring Meetings…
The managing director and chief executive of the Federal Airports Authority of Nigeria (FAAN), Olubunmi Kuku, has disclosed that Nigeria emerged as the second-largest domestic passenger market in Africa, recording over 10.5 million passengers and a 10 per cent year-on-year growth. Kuku made this known during her closing address at the ACI Africa Regional Conference…
