FGN - Abia ThinkTank News

Feb

2026

Nigeria Now Largest Crude Oil Producer In Africa – OPEC

Nigeria Now Largest Crude Oil Producer In Africa – OPEC Nigeria retained its position as the largest crude oil producer in Africa after an increase in the country’s January output, according to the Organization of the Petroleum Exporting Countries (OPEC) data. In its latest monthly report on Wednesday, the oil cartel said Nigeria’s oil output increased to 1.45 million barrels per day (bpd) in March — from 1.42 million bpd in December According to the international organisation, the latest figure represents a 2.11 percent drop from the previous month’s output. The oil alliance said its figures were derived from direct…

Feb

2026

0 Comments

By Abia ThinkTank

CBN Approves BDCs’ Return To Forex Market, Allows Purchase Of Up To $150,000 Weekly

CBN/Commercial Banking, Economy, FGN

CBN Approves BDCs’ Return To Forex Market, Allows Purchase Of Up To $150,000 Weekly The Central Bank of Nigeria (CBN) has authorised licensed Bureau De Change (BDC) operators to resume participation in the Nigerian Foreign Exchange Market (NFEM), in a move aimed at improving liquidity and enhancing access to foreign exchange in the retail segment. The approval was contained in a circular signed by the Director of the Trade and Exchange Department, Dr Musa Nakorji. The circular stated that each licensed BDC is permitted to purchase up to $150,000 weekly, subject to compliance with existing operational guidelines. Under the new…

Feb

2026

0 Comments

By Abia ThinkTank

I Will Soon Be Arrested By FGN – El-Rufai Reveals, Give Reason

FGN, News Flash, Politics

I Will Soon Be Arrested By FG – El-Rufai Reveals, Give Reason Nasir el-Rufai, former governor of Kaduna, says he expects to be arrested “any moment now” by federal authorities. Speaking in a recent interview with BBC Hausa, el-Rufai said four individuals who worked closely with him during his tenure as governor have already been arrested, adding that he believes he may be involved. He alleged that the ruling All Progressives Congress (APC) is aggressively pressuring politicians—either to defect to the party or to remain inside it—as the battle for 2027 begins to take shape. “Four people who worked with…

Feb

2026

0 Comments

By Abia ThinkTank

CAC To Register 3,500 Small Businesses For Free Nationwide

Business, FGN, News Flash

CAC To Register 3,500 Small Businesses For Free Nationwide The Corporate Affairs Commission has announced free business name registration for 3,500 small businesses across Nigeria’s 36 states and the Federal Capital Territory (FCT). The Registrar-General of the Commission, Hussaini Magaji, disclosed this in a post on the commission’s X handle on Monday. According to Magaji, the initiative is aimed at reducing the cost of business formalisation for micro and small enterprises and encouraging more entrepreneurs to operate within the formal economy. He said the move reflects the commission’s commitment to promoting entrepreneurship, lowering start-up costs, and supporting inclusive economic growth…

Feb

2026

0 Comments

By Abia ThinkTank

CAC Wipes Out 400,000 Firms As It Cleans Up Company Register

Business, FGN, News Flash

CAC Wipes Out 400,000 Firms As It Cleans Up Company Register The Corporate Affairs Commission (CAC) has deregistered over 400,000 companies in 2025 over prolonged inactivity and failure to meet statutory requirements, in a move to sanitise the country’s corporate register. Registrar-General of the commission, Mr Hussaini Magaji, who disclosed this during activities marking the CAC’s 35th anniversary in Abuja at the weekend, said the exercise was aimed at strengthening confidence in the country’s corporate regulatory framework. Magaji said the mass deregistration became necessary to weed out inactive and non-compliant entities and protect the integrity of the commission’s database. “In…

Feb

2026

0 Comments

By Abia ThinkTank

US Africa Command Visits President Tinubu In Abuja

FGN, Foreign Affairs, International, Security

US Africa Command Visits President Tinubu In Abuja A high-level delegation from the United States Africa Command (AFRICOM) paid a courtesy visit to President Bola Tinubu at the Presidential Villa in Abuja on Sunday, in what appears to be a sign of strengthened bilateral ties on security and regional stability. The meeting featured key U.S. military and diplomatic figures, including Chargé d’Affaires of the U.S. Embassy in Nigeria, Keith Heffern; AFRICOM Commander, General Dagvin Anderson; Senior Foreign Policy Adviser to AFRICOM, Ambassador Peter Vrooman; and Command Sergeant Major Garric M. Banfield, the Command Senior Enlisted Leader of AFRICOM. Special Assistant…

Feb

2026

0 Comments

By Abia ThinkTank

No US Troops Deployed In Nigeria- Defence Headquarters

Abuja, Armed Forces, FGN, International

No US Troops Deployed In Nigeria – Defence Headquarters The Defence Headquarters (DHQ) on Thursday said there is no truth in reports claiming that United States troops have been deployed in Nigeria. DHQ maintained that Nigeria has a long-standing and structured security partnership and cooperation with the United States, rooted in mutual respect and focused on capacity building, professional military education, intelligence sharing, logistics support and strategic dialogue aimed at addressing shared security concerns, including terrorism and transnational threats. Director, Defence Information, Major General Somaila Uba, who made this known, said all engagements are conducted in full respect of Nigeria’s…

Feb

2026

0 Comments

By Abia ThinkTank

Nigeria Among Top Global GDP Contributors; Economy To Outpace US, South Africa In 2026

Economy, FGN, World News

Nigeria Among Top Global GDP Contributors; Economy To Outpace US, S’Africa In 2026 Nigeria has been ranked among the top 10 contributors to global economic growth in 2026, following projections by the International Monetary Fund (IMF) that the country’s economy will grow two times faster than that of the United States (US). Based on IMF data, the ranking was conducted by the World of Statistics, a digital platform providing data visualisation and global statistics on various topics, including economics. Nigeria, ranking sixth, is projected to account for 1.5 percent of the world’s real gross domestic product (GDP) growth in 2026.…

Feb

2026

0 Comments

By Abia ThinkTank

‘I Was Supposed To Be Shot In Failed Coup Against President Tinubu’ – Defence Minister

Armed Forces, Crime, FGN, News Flash

‘I Was Supposed To Be Shot In Failed Coup Against Tinubu’ – Defence Minister The Minister of Defence, General Christopher Musa, has said there were plans to shoot him in the failed coup against President Bola Tinubu. AttNews recalls that in October 2025, the military arrested sixteen officers over acts of indiscipline and breaches of service regulations. After an initial denial, the Director, Major General Samaila Uba, in a statement, disclosed that findings have identified several officers accused of a plot to overthrow the government, which is inconsistent with the ethics, values, and professional standards required of members of the…

Jan

2026

0 Comments

By Abia ThinkTank

FGN To Integrate Islamic Finance Standards Into Nigeria’s Reporting System

Business, Economy, FGN, News Flash

FG To Integrate Islamic Finance Standards Into Nigeria’s Reporting System The Federal Government has initiated steps to integrate Islamic finance accounting and auditing standards into Nigeria’s financial reporting system, as part of efforts to enhance transparency, deepen financial inclusion,, and position the country as a leading hub for non-interest finance in Africa. The initiative was unveiled by the Financial Reporting Council of Nigeria at a stakeholders’ engagement on the integration of Islamic finance standards into the Nigerian Financial Reporting Framework, held at the Abuja Continental Hotel on Wednesday in Abuja. Attnews reports that the Accounting and Auditing Organisation for Islamic…