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…
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…
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,…
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…
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…
