Daily Business Reporter

Nigeria’s proposed Sokoto–Badagry Super Highway has come under increased scrutiny following the approval of a $516.33 million external loan by the House of Representatives, with stakeholders raising concerns over funding, transparency, and long-term fiscal implications. The 1,068-kilometre project, stretching from Illela in Sokoto State to Badagry in Lagos, is designed to connect northern agricultural zones […]

The United Arab Emirates is set to formally withdraw from the OPEC+ alliance effective May 1, marking a major shift in global oil market coordination with potential implications for price stability and Nigeria’s fiscal outlook. The decision follows years of tension between Abu Dhabi’s ambitious production expansion plans and the output limits imposed by the

NNPC Completes OB3 River Niger Crossing, Boosts Gas Supply Network The NNPC Gas Infrastructure Company, a subsidiary of Nigerian National Petroleum Company Limited, has completed the River Niger crossing of the 130-kilometre Obiafu-Obrikom-Oben (OB3) gas pipeline, marking a major milestone in the expansion of Nigeria’s gas transmission infrastructure. In a statement, NNPC Ltd’s Chief Corporate

Nigeria’s annual infrastructure spending is projected to grow by 77 percent to $40 billion by 2050, reinforcing its position as Africa’s largest infrastructure market and placing it 23rd globally, according to a new report by PwC. The projections are contained in PwC’s Global Infrastructure Outlook, which also estimates that Nigeria’s investment in the power sector

Flutterwave, ASIF Partner to Boost Youth Entrepreneurship, Financial Inclusion Flutterwave and Activate Success International Foundation have announced a strategic partnership aimed at advancing youth entrepreneurship, digital financial inclusion, and enterprise development across Nigeria. The collaboration is anchored on the 2026 edition of the Youth Entrepreneurship and Empowerment Programme (YEEP), bringing together both organisations in a

Nigeria is set to receive €33 million from a €235 million humanitarian assistance package announced by the European Commission to support vulnerable populations across West and Central Africa. The funding was disclosed in a statement issued by the Press and Information Officer of the EU Delegation to Nigeria and ECOWAS, Modestus Chukwulaka, who said the