Senate Summons NNPC Boss Over Alleged N210trn Missing Funds   The Senate on Thursday ordered the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, to appear before its Public Accounts Committee over unresolved financial infractions amounting to N210tn. The lawmakers expressed...

Steel Sector Sees $500m FDI Boost Following Reforms, Says Minister   About $500m in foreign direct investment (FDI) has flowed into Nigeria’s steel sector over the past 20 months, the Minister of Steel Development, Prince Abubakar Audu, has revealed. Audu disclosed this on Thursday in Abuja while...

NERC Reveals Benin and Togo's $11m Electricity Debt to Nigeria   The Republics of Benin and Togo have failed to pay over $11m owed to Nigeria for electricity supplied in the first quarter of 2025, according to the latest report from the Nigerian Electricity Regulatory Commission...

‎‎CBN Reports $3.73bn Current Account Surplus for Nigeria in Q1 2025 ‎ ‎ ‎The Central Bank of Nigeria (CBN) has reported a current account surplus of $3.73 billion for the first quarter of 2025, citing growth in non-oil and gas exports as key drivers. The figure reflects...

Nigeria, Others Top Africa's $95bn Remittance Inflows   Nigeria, Egypt, and Morocco have been listed as the highest recipients of the $95bn remittance into the African continent in 2024. This was revealed in the State of Africa’s Infrastructure Report 2025 published by the Africa Finance Corporation. The report...

Nigeria's Annual Loss to Medical Tourism Hits $1.1bn - Afreximbank   The African Export-Import Bank has revealed that Nigeria loses an estimated $1.1bn annually to medical tourism, a trend it described as a significant drain on the country’s foreign exchange and a major impediment to the...