Foreign investment in Nigeria’s manufacturing sector fell 54.11% in the first nine months of 2025, despite a sharp rebound in overall capital inflows, according to National Bureau of Statistics (NBS) data.

The Federal Government has pledged to commit 5% of Nigeria’s GDP annually to industrial development financing, under the newly launched Nigeria Industrial Plan.

Nigeria’s aviation industry is set for a major investment drive as the Federal Government moves to establish aerotropolises, airports integrated with commercial cities, logistics hubs, and industrial clusters, across key cities.

The Federal Government has launched a $50m Impact Innovation Fund to support Nigerian startups tackling social challenges, following agreements signed between the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA).

President Bola Tinubu has approved the payment of ₦2.8 trillion to power generation companies (GenCos) as the Federal Government’s verified liability for accumulated electricity subsidies dating back to 2010.

The Kingdom of Saudi Arabia on Sunday commemorated its Founding Day, marking nearly three centuries since the establishment of the first Saudi state in 1727, in a nationwide celebration of history, heritage and national identity.