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Lagos State has secured €170 million in financing from the European Investment Bank (EIB) for the Omi Eko Waterways Project, a flagship transport initiative designed to transform water transportation across the state. The funding forms part of a broader €410 million investment programme aimed at easing traffic congestion, improving urban mobility and expanding sustainable transportation options for residents.

Oil marketers have urged refiners, depot owners and fuel importers to reduce petrol prices in line with recent declines in global crude oil prices, arguing that consumers should benefit from lower input costs. The call comes as international oil prices soften after recent volatility, raising expectations of relief for motorists and businesses facing elevated transportation and energy expenses.

Hundreds of Nigerians who registered for the Federal Government’s voluntary repatriation programme in South Africa are reportedly stranded without shelter, food and financial support following delays in scheduled evacuation flights. The Nigerian Citizens Association South Africa (NICASA) said many affected individuals, including women and children, have exhausted their resources while waiting to return home.

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The Nigerian Economic Summit Group (NESG) has called for urgent improvements in Nigeria’s quality assurance and certification systems, arguing that stronger product standards are critical to enhancing export competitiveness and increasing the value the country derives from international trade. The recommendation comes despite Nigeria recording a significant trade surplus in the first quarter of 2026, as structural weaknesses continue to limit the country's export potential.

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President Bola Tinubu has announced that the Federal Government remains on track to deliver a 1.1 million metric tonne fertiliser programme in 2026, equivalent to approximately 22 million bags nationwide, as part of efforts to strengthen food security, improve agricultural productivity and support farmers across the country.

Nigeria’s foreign reserves have climbed to $51.04 billion, marking the highest level recorded in 17 years and strengthening the country’s external financial position. The increase reflects improved foreign exchange inflows, stronger external earnings and ongoing economic reforms aimed at enhancing macroeconomic stability and investor confidence. According to data reported by Nairametrics, the latest reserve position represents a significant milestone for Africa’s largest economy as policymakers seek to stabilise the foreign exchange market and strengthen external buffers