The capture of a key Malian town by rebel forces last month poses a regional threat that requires foreign intervention to prevent the insurgency from spreading, Nigeria’s defense minister said.
Tuareg rebels of the Azawad Liberation Front coalition in Kidal, on April 26.
Nigeria is imposing a new levy for buyers of heavy-engine vehicles, including SUVs and trucks, in a move designed to price in the cost of pollution, encourage electric-vehicle adoption and boost tax revenue.
Vehicles on a highway in Abuja, Nigeria, on Monday, Dec. 8, 2025. Nigeria set an ambitious three-year growth target that leans heavily on the non-oil sector in Africa’s biggest oil-producing nation.
Nigeria is imposing a new levy for buyers of heavy-engine vehicles, including SUVs and trucks, in a move designed to price in the cost of pollution, encourage electric-vehicle adoption and boost tax revenue.
Vehicles on a highway in Abuja, Nigeria, on Monday, Dec. 8, 2025. Nigeria set an ambitious three-year growth target that leans heavily on the non-oil sector in Africa’s biggest oil-producing nation.
Nigeria’s monthly inflation rate climbed to a more than two-decade high in March as surging fuel costs, driven by the US-Israel conflict with Iran, rippled through the economy.
Shoppers at a weekly market in Abuja, Nigeria. Photographer: Etinosa Yvonne/Bloomberg
Nigeria pushed back against reports that an Air Force strike killed civilians at a crowded market in the country’s northeast, saying the operation targeted and eliminated jihadi militants.
A soldier stands guard at sunset as France's President and Niger's President Mahamadou Issoufou (unseen) take part in a military ceremony at the Martyr Quarter on December 22, 2019, in Niamey, to pay homage to 71 Nigerien soldiers massacred in an attack on December 10 at the Inates military camp in the Sahel country's western Tillaberi region. (Photo by Ludovic MARIN / POOL / AFP) (Photo by LUDOVIC MARIN/POOL/AFP via Getty Images) Photographer: Ludovic Marin/AFP via Getty Images
Nigeria is set to increase the number of crude cargoes allocated to the Dangote Refinery in a bid to boost domestic supply of refined products as the Iran war chokes traditional global energy routes.
Fuel storage at the Dangote Industries oil refinery in Lagos.
Nigeria plans to raise $5 billion from the United Arab Emirates’ largest lender in a derivatives deal to cut borrowing costs, joining a growing number of African nations using the instruments as the war in Iran drives yields higher.
Nigeria plans to raise $5 billion from the United Arab Emirates’ largest lender in a derivatives deal to cut borrowing costs, joining a growing number of African nations using the instruments as the war in Iran drives yields higher.
A number of heavily indebted Nigerian power producers have ceased operating because their customers aren’t settling their bills and they can’t afford to run their equipment or pay for gas supplies.
A customer displays newly-designed Nigerian 1000 naira banknotes, withdrawn from an automated teller machine (ATM) outside a Zenith Bank Plc branch in Lagos, Nigeria, on Saturday, Feb. 4, 2023. Central Bank Governor Godwin Emefiele has defended his decision to replace 2.7 trillion naira ($5.85 billion) of cash outside the banking system even as scenes of chaos have unfolded all over Nigeria, where the vast majority of transactions are still done in cash.
Nigeria plans to put in place a cybersecurity framework as it confronts a surge in increasingly sophisticated, artificial intelligence-driven cyberattacks that’s costing its banks, companies and government agencies millions of dollars.
Nigeria is tightening scrutiny of its fast-growing fintech industry while easing licensing and improving access to capital as it tries to balance innovation with financial stability.
The Central bank of Nigeria headquarters in Abuja, Nigeria. Photographer: Olympia de Maismont/AFP/Getty Images
Nigeria is tightening scrutiny of its fast-growing fintech industry while easing licensing and improving access to capital as it tries to balance innovation with financial stability.
The Central bank of Nigeria headquarters in Abuja, Nigeria. Photographer: Olympia de Maismont/AFP/Getty Images
Africa recorded its fastest solar growth on record in 2025, driven by a surge in utility-scale projects, and could add more than six times last year’s annual capacity by 2029, according to a new industry report.
Photovoltaic solar panels cover car parking spaces at a Makro wholesale store, operated by Masstores (Pty) Ltd., in Johannesburg, South Africa, on Friday, Aug. 18, 2023.
High-ranking officials disgruntled over stalled promotions led an alleged conspiracy to overthrow Nigeria’s president late last year, according to an investigation into a plot previously denied by the authorities.
Nigeria plans to raise 4 trillion naira ($2.9 billion) from its domestic capital markets to settle outstanding debts owed to power companies as it seeks to end perennial blackouts in the West African nation.
Nigeria plans to raise 4 trillion naira ($2.9 billion) from its domestic capital markets to settle outstanding debts owed to power companies as it seeks to end perennial blackouts in the West African nation.
Nigeria has set up a joint committee with Turkey to more than double bilateral trade to $5 billion, as the West African nation turns to the Middle East to diversify its economy and attract investment.
Turkish President Recep Tayyip Erdogan and Nigerian President Bola Ahmed Tinubu in Ankara, Turkiye on Jan. 27.
Nigeria’s finance minister said he expects the central bank to cut interest rates soon if inflation continues to cool, easing pressure on government finances strained by volatile oil prices.
Nigeria plans to raise as much as 500 billion naira ($352 million) through green bonds this year, tapping strong investor appetite as Africa’s biggest oil producer turns to climate-linked debt to fund environmental projects and diversify its financing base.
The Oban Biosphere Reserve, in Calabar, Cross River, Nigeria.