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Nigeria

Nigeria is a country in West Africa and the most populous nation on the African continent. The capital is Abuja, whilst Lagos serves as the commercial hub and largest city. With a population exceeding 200-million people, Nigeria operates a federal presidential republic system of government. The economy is the largest in Africa by nominal GDP, historically driven by oil and gas exports, which account for the majority of government revenue and foreign exchange earnings. The currency is the naira. Key economic sectors include petroleum, agriculture, telecommunications, financial services and manufacturing. Nigeria is a member of the Economic Community of West African States (Ecowas), the African Union, the Commonwealth and the Organisation of the Petroleum Exporting Countries (OPEC). The country faces significant infrastructure challenges, including persistent electricity supply deficits and loadshedding. Nigeria gained independence from British colonial rule in 1960 and has since experienced periods of military rule interspersed with democratic governance, transitioning to sustained civilian rule from 1999.

Latest Articles in 60 Seconds

Government to publish poverty scorecard amid reform criticism

Nigeria plans to publish indicators tracking poverty, incomes and inequality as President Bola Tinubu's government seeks proof that reforms since 2023, including scrapping the fuel subsidy and liberalising the naira, are easing living costs, finance minister Taiwo Oyedele said on July 16, 2026. The International Monetary Fund noted in June that 63% of Nigeria's 200-million population remains in poverty despite improved investor confidence.

Trade momentum and infrastructure growth continue

Trade between Nigeria, South Africa, Kenya, Tanzania and the West African bloc keeps growing despite persistent liquidity constraints and fragmented cross-border payment systems, according to fintech firm Verto. Separately, Nigeria's Kainji hydropower plant added 80 MW in 2025, lifting capacity to 600 MW, part of a continent-wide 4.2 GW hydropower expansion, while Orange and partners signed a memorandum of understanding for the Via Africa submarine cable system, which will include a Nigerian landing point.

Diplomatic tension over deaths of Nigerians in South Africa

Nigeria maintains two of its citizens were killed amid anti-migrant violence in South Africa, one allegedly by police in Pretoria, and has warned of possible action. South Africa's police watchdog is investigating, while the South African Police Service disputes the allegations.

Nigeria Updates


Image of high-speed cable
Via Africa submarine cable system, Europe to Africa
17th July 2026 By: Sheila Barradas

The project aims to develop a new high-capacity submarine cable system to strengthen connectivity between Europe and Africa. 


African Trade Is Growing Despite the Obstacles
African Trade Is Growing Despite the Obstacles
16th July 2026

Six months into 2026, African trade appears to be telling two stories at once. The first is one of momentum. Businesses are expanding beyond domestic markets, regional trade corridors continue to... 


Image of Nigeria map/flag
Alumina refinery, Nigeria
10th July 2026 By: Sheila Barradas

Africa Finance Corporation and the Nigerian government, through the Solid Minerals Development Fund plan to build an alumina refinery with a one-million-tonne-a-year capacity. 


A Dangote crude storage tank
Dangote to fund proposed Kenya refinery with cash, bonds and an IPO
8th July 2026 By: Reuters

Nigeria's Dangote Group plans to finance a proposed 700 000 bbl/d oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a senior company executive told Reuters.... 


SAPS rejects 'false' claims over death of Nigerian national in custody
SAPS rejects 'false' claims over death of Nigerian national in custody
7th July 2026 By: Thabi Shomolekae

The South African Police Service (SAPS) has strongly refuted claims surrounding the death of a Nigerian national in Sunnyside, Pretoria, labelling the reports as misleading and baseless. This... 


Biggest Africa solar minigrid firm plans $650m expansion
6th July 2026 By: Bloomberg

WeLight, which operates more solar mini-grids in Africa than any other company, is planning a $650-million expansion to grow the number of people it serves 10-fold as its expands into countries... 


Nigeria says two citizens killed as anti-migrant violence surged in South Africa
Nigeria says two citizens killed as anti-migrant violence surged in South Africa
6th July 2026 By: Reuters

Nigeria said two of its citizens were killed in South Africa, one of them by police, during a surge in anti-migrant violence, and threatened to take unspecified action if authorities did not... 


MTN to launch super-app platform in Nigeria
3rd July 2026 By: Natasha Odendaal

As telecommunications firm MTN Group Fintech evolves its mobile money (MoMo) ecosystem, it has entered into a strategic partnership with global digital payment, digitisation and financial... 


Nigeria joins IEA, boosting global energy governance
2nd July 2026 By: Schalk Burger

Nigeria has joined global organisation the International Energy Agency (IEA), which deepens the IEA's cooperation with Africa’s most populous nation and marks a milestone for global energy... 


Pirtek Africa: Growing With the Continent
Pirtek Africa: Growing With the Continent
2nd July 2026

Africa is not short of opportunity, however it is short of reliability. Across mining operations, agricultural holdings, construction sites, manufacturing plants, forestry concessions and more, one... 


Managing Director for Arcus GIBB Nigeria and Technical Executive for GIBB South Africa, Wiero Vogelzang
The Art Of Managing Complex Projects Beyond Sa Borders
1st July 2026

As infrastructure projects across Africa continue to grow in scale, complexity and regional significance, the ability to successfully deliver across borders is becoming a critical differentiator... 


More Projects, More Opportunities: What Africa's Energy Transition Means for the Next Generation
30th June 2026

By: Nigel Sun - President of Sungrow Sub-Saharan Africa The African Energy Forum runs over four days. On the fourth day, at the same venue, the forum hosts YES, the Youth Energy Summit, its sister... 


Mastercard opens Africa Cybersecurity Centre of Excellence
30th June 2026 By: Schalk Burger

Payments processing multinational Mastercard has launched its Africa Cybersecurity Centre of Excellence – a pan-African initiative designed to strengthen cyber-resilience, enhance collaboration and... 


Malawi citizens
SA govt intensifies mass migration repatriations, crackdown on vigilantism
26th June 2026 By: Thabi Shomolekae

The South African government is accelerating its five-point migration strategy, marking significant milestones in the deportation, verification, and repatriation of undocumented foreign nationals... 


Investors’ African blind spot
26th June 2026 By: Tara O’Connor

One of the many pertinent questions a panel interviewer asked me at the recent Cambridge Africa Business Conference was what has changed, and what do global investors consistently get wrong, about... 


Degrees, jobs and African farms
26th June 2026 By: Martin Zhuwakinyu

There was a time when a university degree came with an almost implicit guarantee: a desk, a payslip, and a place in the middle class. African parents sold cattle and made extraordinary sacrifices... 


Chris Chijiutomi
£1bn-plus invested in African businesses last year – BII
25th June 2026 By: Irma Venter

UK impact investor and development finance institution (DFI), British International Investment (BII), invested £1.07-billion in Africa last year.  The figure represents 59% of BII’s total... 


Acting Police Minister Firoz Cachalia
Police deployed as anti-migrant deadline looms
22nd June 2026 By: Bloomberg

South Africa will deploy more police this week to deter possible violence before a June 30 deadline set by xenophobic protest groups for foreigners to leave the country. “There has been... 


Public works and infrastructure minister Dean Macpherson
Dean Macpherson urges police to find xenophobic agitators
19th June 2026 By: Bloomberg

Public works and infrastructure minister Dean Macpherson called on law enforcement agencies to act against those responsible for violence against migrants, warning that the attacks are tarnishing... 


A mine truck at the Tarkwa operation in Ghana
Ghana is weighing local control of Gold Fields’ biggest mine
19th June 2026 By: Bloomberg

Ghana is considering transferring control of Gold Fields’s Tarkwa mine to local firms when its leases expire next April, part of a push to increase control of its gold industry and capture more of... 


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