Nigeria has officially joined BRICS as a partner country, as confirmed by Brazil’s Foreign Ministry on January 17, 2025. This move, established at the 16th BRICS Summit in October 2024, aligns with the shared goals of strengthening cooperation among Global South nations and advocating for reforms in international organizations. Nigeria joins eight other partner countries: …
Nigeria has climbed to second place in Africa’s 2024 Hotel Development Rankings by room numbers, boasting 7,622 rooms across 50 hotels. This surge is driven by significant developments from major global hotel chains such as Hilton, Radisson, Marriott International, and Leva Hotels, with Lagos leading the expansion with five new hotel deals. Egypt maintains its …
Nigeria’s crude oil and condensate production in 2024 totaled 566.8 million barrels, according to data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC). Nairametrics calculations, based on the NUPRC’s Crude Oil and Condensate Production Report for 2024, confirm a total output of 566,794,493 barrels. Key Highlights: Key Takeaways: Despite a strong finish to the year, …
The cost of treating uterine fibroids in Nigeria has skyrocketed, placing a significant financial strain on women battling this common condition. Treatment options now range from N700,000 for open surgeries in public hospitals to a staggering N3 million for non-invasive procedures in private facilities. This surge in cost, coupled with rising inflation and a struggling …
In a significant move to boost Nigeria’s digital infrastructure, the U.S. and Nigerian governments have signed a $2,095,000 grant to assess the feasibility of deploying at least 90,000 kilometers of new fiber optic backbone infrastructure across the country. The announcement was made during the inaugural U.S.-Nigeria Technology Dialogue held in Washington, D.C., on January 10, …
As the clock struck midnight, ushering in 2025, Nigeria, a nation often described as a land of paradoxes, greeted the new year with a spirit of resilient optimism. This optimism, however, exists in a complex context, one marked by persistent challenges including insecurity, poverty, a high cost of living, and deep-seated corruption. It’s undeniable that …
A Night of Music, Unity, and Hope: Recapping the Greater Lagos 2025 New Year Countdown at Tafawa Balewa Square The iconic Tafawa Balewa Square (TBS) in Lagos Island was transformed into a pulsating hub of music, celebration, and unity on New Year’s Eve as thousands gathered for the Greater Lagos 2025 New Year Countdown. The …
Abuja, Nigeria – In a groundbreaking move aimed at bolstering Nigeria’s agricultural sector, the Nigerian government and Brazil’s Fundação Getulio Vargas (FGV) have entered into a strategic partnership. This collaboration, formalized through a Memorandum of Understanding (MoU), is poised to revolutionize agriculture across all 774 local government areas in the country. The agreement, signed by the …
In a bid to streamline activities and drive rapid development in Nigeria’s renewables space, the Rural Electrification Agency (REA) has announced a call for participation’ inviting all stakeholders in Nigeria’s renewable energy sector to actively participate in its strategic initiatives aimed at accelerating the sector’s growth and development. This call is part of REA’s ongoing …
Abuja, Nigeria – The Federal Government of Nigeria has extended an invitation to both domestic and international investors to capitalize on the country’s burgeoning sugar industry, estimated to be worth $2 billion. Kamar Bakrin, Executive Secretary and CEO of the National Sugar Development Council (NSDC), highlighted Nigeria’s substantial annual sugar consumption, ranging from 1.4 to …
