Nigeria - eriinfo

Africa: Crude Oil – Middle East Crisis Pushes Buyers to Focus On Nigeria, Other African Producers

eriinfo.com4 months ago09 mins

Global energy analysts have predicted that Nigeria, along with other oil-producing African countries, will become a major beneficiary of the ongoing Middle East conflict. According to industry observers, leading energy giants in Africa, including Nigeria, Libya, Angola, Gabon, Mozambique, Namibia, and Tanzania, are increasingly seen as lower-risk alternatives to Middle Eastern crude suppliers. The ongoing…

Africa

Africa: Nigeria Remains Sub-Saharan Africa’s Top Arms Importer, As Morocco Leads the Continent – Report

eriinfo.com4 months ago011 mins

Nigeria retained its position as the biggest arms importer in Sub-Saharan Africa, while Morocco overtook its North African neighbour, Algeria, to emerge overall importer of arms in Africa, according to new data released by Stockholm International Peace Research Institute (SIPRI). Meanwhile, the five largest arms recipients globally in 2021-25 were Ukraine, India, Saudi Arabia, Qatar,…

Africa

Africa: Nigeria Pushes for Deeper Africa-Latin America Ties

eriinfo.com4 months ago03 mins

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has called for stronger economic, cultural, and strategic cooperation between Africa and Latin America. Speaking on behalf of President Bola Ahmed Tinubu at the CELAC-Africa High-Level Forum in Bogotá, Tuggar described the gathering as a critical platform for advancing dialogue and partnership among regions of the…

Africa: Oil Price Surge Is Hurting African Economies – Scholars in Ethiopia, Kenya, Nigeria, Senegal and South Africa Take Stock

eriinfo.com4 months ago03 mins

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…

Africa

Africa: Nigeria Signs Intra-African Trade Fair 2027 Host Agreement

eriinfo.com4 months ago05 mins

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…

West Africa: Middle East Crisis – Nigeria, West Africa Risk Losing Shipping Lines to European Markets

eriinfo.com4 months ago04 mins

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…

Intra-African Trade Fair 2027 (IATF2027) Host signing ceremony in Lagos, Nigeria

eriinfo.com5 months ago05 mins

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…

Africa

Africa: President Tinubu Is Positioning Nigeria As Africa’s Renewable Energy Hub – Aliyu, REA MD

eriinfo.com5 months ago013 mins

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…

Africa

Africa: Nigeria Records 543% Surge in Breast Cancer Cases As Africa Tops Global Rise – Study

eriinfo.com5 months ago07 mins

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 in dramatic full-year turnaround

eriinfo.com5 months ago05 mins

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…