FG, World Bank Restructure $500m Education Programme
The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme, cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted...
FG Seeks AfDB Support for $7bn Aviation Plan
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has met with the President and governors of the African Development Bank in Congo over the proposed $7bn Integrated Aviation Transformation Programme for Africa.
The meeting was held as...
Nigeria Faces Slower Growth in 2027, AfDB Projects
The African Development Bank Group has projected that Nigeria’s economic growth will slow to 3.7 per cent in 2027 as easing global oil prices reduce external revenue inflows, despite a modest improvement expected in 2026.
The projection was...
The African Export‑Import Bank (Afreximbank) has reported a 25 percent increase in net income for the first quarter of 2026, driven by strong lending activities, disciplined balance sheet management, and improved profitability.
Nigeria’s aviation industry recorded its first contraction in nearly two years in Q1 2026, with air transport output plunging by 47.3% year-on-year in nominal terms, according to the National Bureau of Statistics (NBS).
The manufacturing sector contributed 9.57% to real GDP in Q1 2026, according to the National Bureau of Statistics (NBS), marking a rebound from the 7.40% share in Q4 2025.
