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.
Nigeria Updates
African countries could save billions by cutting air pollution and greenhouse gases at the same time
19th October 2026 Lowering air pollution in Africa has many economic benefits, according to new research by environmental scientists Chris Malley, Kevin Hicks and... →
Nigeria's inflation rate eases slightly but still a worry for many citizens
By: Reuters 16th October 2026 Nigeria's headline inflation rate slowed slightly last month, data showed on Thursday, but it remains stuck around 15% in annual terms and a... →
Ethiopia's central bank joins African payments system PAPSS
By: Reuters 15th October 2026 Ethiopia's central bank has joined the Pan-African Payment and Settlement System, the platform said on Thursday, bringing the country closer to... →
New Cameroonian army camps alone won’t secure Lake Chad
By: ISS, Institute for Security Studies 15th October 2026 Much-needed military reinforcements against Boko Haram must be matched by sustained territorial control and well-coordinated operations. Cameroon’s... →
Africa must prepare for AI-powered cyber threats at scale
By: ISS, Institute for Security Studies 14th October 2026 Anthropic’s threat report reveals how AI is making cyberattacks and influence campaigns faster, more scalable and harder to detect. Anthropic’s... →
African financial markets gain ground but liquidity a challenge, survey shows
By: Reuters 14th October 2026 African countries are making steady progress in building financial markets that can help businesses raise money and fund infrastructure, but thin... →
Black firms in key African markets have $209bn funding gap
By: Bloomberg 13th October 2026 Black-owned businesses across five of sub-Saharan Africa’s biggest economies are falling $209-billion short of the capital need for expansion,... →
Growing debt burden poses significant risk to developing nations, G24 chair says
By: Reuters 13th October 2026 The debt vulnerabilities of many developing economies are a "major barrier" to inclusive growth, the chair of the Group of 24 nations said on... →
Gunmen in northwestern Nigeria kill 20 people
By: Reuters 12th October 2026 Gunmen ambushed a convoy of traders travelling to a market under military escort and killed at least 20 people in Nigeria's northwestern Zamfara... →
Moody's turns positive on sub-Saharan African countries
By: Reuters 7th October 2026 Moody's raised its outlook for sub-Saharan African countries to positive on Wednesday, saying reforms had helped them weather inflationary... →
