FG’s SAPZ Programme Targets 500,000 Jobs Per Location   The Federal Government, working with development partners, is accelerating the rollout of the Special Agro-Industrial Processing Zones (SAPZ) Programme, which is projected to create over 500,000 jobs per location and reduce post-harvest losses nationwide. At a mid-term review...

Again, Iran Closes Strait of Hormuz After U.S. Renewed Strikes   Iran has declared the complete closure of the Strait of Hormuz, warning that any vessel attempting passage will be targeted, following fresh U.S. military strikes. The announcement came from Iran’s Khatam al-Anbiya military command, which said...

The Federal Government has launched a $1bn AfCFTA Adjustment Fund Credit Facility to help Nigerian businesses expand production, modernise operations, and boost exports under the African Continental Free Trade Area (AfCFTA).

Nigeria’s spending on petrol imports plunged by over 96% in Q1 2026, dropping to just ₦87.4bn, according to the National Bureau of Statistics (NBS).

Nigeria’s merchandise trade surplus surged to ₦7.55 trillion in Q1 2026, a 340.9% increase from the previous quarter, according to the National Bureau of Statistics (NBS).

The International Air Transport Association (IATA) has cut its 2026 net profit forecast for African airlines to $100 million, down from the $200 million projection in December 2025.