World Bank Upgrades Nigeria’s Growth Forecast to 4.4% for 2026, 2027

BusinessNewsNigeriaWorld Bank Upgrades Nigeria’s Growth Forecast to 4.4% for 2026, 2027

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

Nigeria’s economy is on track to record its fastest growth in more than a decade, the World Bank has said, revising its forecast for the country’s economic growth to 4.4 per cent for both 2026 and 2027. The announcement was made in the World Bank’s latest Global Economic Prospects report, released on Tuesday. The revised growth projection marks a significant improvement over the June 2026 forecasts of 3.7 percent and 3.8 percent, respectively. According to...

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Dangote Refinery Assures Nigerians of End to Petrol Scarcity

NewsNigeriaOil & GasDangote Refinery Assures Nigerians of End to Petrol Scarcity

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

…Says Nigeria Has Entered New Phase of Fuel Abundance Dangote Petroleum Refinery Plc has assured Nigerian consumers of a sustained end to Premium Motor Spirit (PMS) scarcity, declaring that the country has entered a new era of fuel abundance and quality. The assurance was given by the newly appointed Managing Director of Dangote Petroleum Refinery, David Bird, at a press briefing in Lagos on Wednesday, following the facility’s uninterrupted fuel supplies during the Christmas and...

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US Suspends Immigrant Visa Processing for Nigeria, 74 Other Countries

NewsNigeriaPoliticsUS Suspends Immigrant Visa Processing for Nigeria, 74 Other Countries

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

The United States government has announced a suspension of immigrant visa processing for Nigeria and 74 other countries. The US State Department said the decision will pause immigrant visa operations for nationals of the affected countries while procedures are reassessed to prevent what it described as the “abuse” of America’s immigration system. The action is set to take effect from 21 January 2026 and will remain in force indefinitely until a review is completed. State...

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Morocco Knock Out Nigeria on Penalties to Reach AFCON Final

NewsNigeriaSoccerSportsMorocco Knock Out Nigeria on Penalties to Reach AFCON Final

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

The Atlas Lions of Morocco on Wednesday night defeated Nigeria’s Super Eagles on penalties to qualify for the final of the 2025 Africa Cup of Nations (AFCON). The semi-final clash at the Prince Moulay Abdellah Stadium in Rabat ended goalless after 120 minutes of regulation and extra time, forcing the match into a penalty shootout. Before the match, Nigeria’s star striker Victor Osimhen had dismissed concerns about the intimidating Moroccan home crowd, insisting that the...

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Nigeria Secures Tariff-Free Access to UAE Market as CEPA Takes Effect

BusinessNewsNigeriaNigeria Secures Tariff-Free Access to UAE Market as CEPA Takes Effect

By Ezinwanne Onwuka (Senior Reporter)January 14, 2026

…Tinubu Announces Investopia Lagos Co-Hosting Nigeria and the United Arab Emirates (UAE) have signed a Comprehensive Economic Partnership Agreement (CEPA), aimed at deepening trade, investment, and economic cooperation between the two countries, as government officials described it as a major milestone in Nigeria’s economic diplomacy. The agreement was signed on the sidelines of the 2026 Abu Dhabi Sustainability Week (ADSW) in Abu Dhabi, with President Bola Tinubu and the President of the UAE, Mohamed bin...

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Nigeria Beat Algeria 2-0 to Reach AFCON Semi-Finals

AfricaNewsSoccerNigeria Beat Algeria 2-0 to Reach AFCON Semi-Finals

By Ezinwanne Onwuka (Senior Reporter)January 10, 2026

Nigeria’s Super Eagles have advanced to the semi-finals of the 2025 Africa Cup of Nations after a commanding 2-0 victory over Algeria at the Stade de Marrakech on Saturday evening. Second-half goals from Victor Osimhen and Akor Adams were enough to dismantle the 2019 champions and secure Nigeria’s 16th appearance in the final four of the tournament. Following a cagey and goalless first half characterised by tactical caution from both sides, Nigeria broke the deadlock...

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Presidential Tax Committee Counters KPMG’s Criticisms of New Tax Laws

BusinessNewsNigeriaPresidential Tax Committee Counters KPMG’s Criticisms of New Tax Laws

By Ezinwanne Onwuka (Senior Reporter)January 10, 2026

The Presidential Fiscal Policy and Tax Reforms Committee has rejected most of the concerns raised by global advisory firm, KPMG, over Nigeria’s new tax laws, describing the firm’s publication as largely based on “misunderstanding of the policy intent” and the presentation of “opinion and preferences as facts.” The committee, in a detailed response, dated 10 January 2026, by its chairman, Taiwo Oyedele, acknowledged that KPMG raised a few useful points, particularly on implementation risks and...

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Jersey to Return $9.5m Abacha Loot to Nigeria

NewsNigeriaPoliticsJersey to Return $9.5m Abacha Loot to Nigeria

By Ezinwanne Onwuka (Senior Reporter)January 10, 2026

Authorities in Jersey, a self-governing British Crown Dependency in the Channel Islands, have agreed to return more than $9.5 million (about £7 million) to the Federal Republic of Nigeria. The repatriation follows the signing of a Memorandum of Understanding (MoU) in December 2025 between His Majesty’s Attorney General for Jersey, Mark Temple KC, and officials of the Nigerian Government. The agreement builds on two earlier asset-recovery arrangements between Nigeria and Jersey that have already facilitated...

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Dangote Files Corruption Petition Against Ex-NMDPRA Boss at EFCC

NewsNigeriaPoliticsDangote Files Corruption Petition Against Ex-NMDPRA Boss at EFCC

By Ezinwanne Onwuka (Senior Reporter)January 10, 2026

Mr Aliko Dangote, Chairman of Dangote Industries Limited (DIL), has formally petitioned the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute Mr Farouk Ahmed, the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on alleged corruption and abuse of office. The petition, submitted through Dangote’s legal representative, Dr O.J. Onoja, SAN, was lodged at the EFCC headquarters in Abuja following the withdrawal of an earlier complaint from the...

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AA Rano to Launch Nigeria’s First Unmanned Fuel Stations

NewsNigeriaOil & GasAA Rano to Launch Nigeria’s First Unmanned Fuel Stations

By Ezinwanne Onwuka (Senior Reporter)January 9, 2026

…Petrol workers oppose plan over job security AA Rano Nigeria, a major downstream petroleum marketing company, has announced plans to introduce Nigeria’s first fully automated and unmanned fuel stations, a move that has sparked concern among petrol station workers over possible job losses. The company announced that the stations will be launched this month, following a business partnership with Petrosoft Limited, a Nigerian technology firm that provides downstream oil and gas business management systems. In...

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