
The Nigerian Investment Promotion Commission NIPC recently hosted a UK trade and investment delegation in Abuja, positioning Nigeria as a competitive and reform-driven destination for global capital. The UK–Nigeria Trade and Investment Mission, held from April 20 to 21, 2026, was a collaboration with DMA Invest and the UK Department of Trade, with participation from the British High Commission and private sector stakeholders. The NIPC stated that the mission delivered a clear message to potential investors that Nigeria is open for business and ready to compete. The two-day event included ministerial roundtables, sector-specific discussions, and targeted Business-to-Government and Business-to-Business meetings, aiming to convert dialogue into concrete investment deals. Participants identified specific, bankable opportunities to accelerate investment inflows and deepen bilateral economic ties. DMA Invest described the mission's performance as its best ever, attributing it to ongoing institutional reforms and improved coordination. Aisha Rimi, Executive Secretary and CEO of NIPC, led the engagements, emphasizing the goal of translating strategic engagements into real projects and partnerships that impact Nigeria’s economy. She highlighted the need to convert gains from President Bola Tinubu's recent state visit and other UK–Nigeria engagements into measurable investment outcomes. The NIPC views the mission as a significant step in strengthening economic cooperation and attractin
Free daily or weekly digest of the most important stories from across 10 countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Punch Nigeria.
Must ReadAdebayo Adelabu has resigned from his position as Nigeria's Minister of Power, effective April 30, 2026. His resignation, communicated in a letter dated April 22, 2026, to President Bola Tinubu, is to allow him to focus on his ambition to become the governor of Oyo State. Adelabu expressed gratitude for the opportunity to serve and contribute to the nation's power sector under President Tinubu's leadership. He stated that his decision aligns with the provisions of the Amended Electoral Act 2026, which requires political office holders to resign before contesting elections. Adelabu's aspiration for the governorship of Oyo State dates back to 2016, leading to his resignation from the Central Bank of Nigeria in 2018 to pursue this goal. His departure is seen as a significant political development ahead of the upcoming electoral cycle in Oyo State.

The Federal Government of Nigeria plans to waive debts owed by domestic airlines to aviation agencies, a measure announced by Minister of Aviation and Aerospace Development Festus Keyamo. This intervention follows a high-level meeting in Abuja to address the rising cost of Jet A1 fuel. Keyamo stated that President Tinubu mandated a request for a generous discount on debts owed to agencies like NAMA, FAAN, and NCAA, expressing appreciation to airline operators for not increasing prices despite the challenges. The President will also consider establishing a committee to review and potentially reduce levies, taxes, and fees on domestic tickets, aiming to provide relief to Nigerian travelers. Additionally, a one-on-one meeting between the President and airline operators is planned for broader discussions on access to capital. Allen Onyema, Chairman/Chief Executive Officer of Air Peace, attributed the crisis to the disproportionate increase in Jet A1 fuel prices, noting a 300 percent rise in Nigeria compared to a 20 percent global increase after the Hormuz blockade. He emphasized that airlines were "bleeding" and had threatened to shut down due to unsustainable fuel costs, but suspended the action after appeals from the Minister. Onyema called for a total waiver of all debts and a suspension of further payments until the Hormuz situation stabilizes. He also highlighted the high cost of funding acquisition for airlines in Nigeria, urging the government to fund the Bank of Industry

Chief Dele Momodu, publisher of Ovation and a chieftain of the African Democratic Congress, encouraged Nigerian youth to actively participate in the upcoming general elections, particularly the presidential poll, which he described as a "war" due to the winner-takes-all nature of Nigerian politics. Speaking at Obafemi Awolowo University OAU in Ile-Ife, Osun State, during a 'Reading Time' event for Library Week, Momodu advised a practical approach to politics, stating that the Nigerian president holds significant power, controlling the judiciary, legislature, and various demographics. He also reflected on his decision not to work with President Bola Tinubu, despite their past association, attributing it to his contentment and the values he learned at OAU. Momodu, who was a guest reader, recalled his student days and emphasized that his choices were not driven by financial gain, noting that if money were his motivation, he would have joined the ruling All Progressives Congress. OAU Librarian, Dr. Adebimpe Fadehan, highlighted the 'Reading Time' event as a key part of Library Week, aiming to promote reading and provide a space for engagement with written words. The PUNCH reported on uncertainties regarding the participation of some political parties in the 2027 elections due to leadership crises, which could impact their ability to field candidates, with the African Democratic Congress and the People’s Democratic Party awaiting Supreme Court decisions on internal disputes.

The Independent National Electoral Commission INEC has started a comprehensive verification exercise at the Labour Party's national secretariat in Abuja. This audit is part of INEC's regulatory scrutiny of political parties in preparation for the 2027 general elections. The INEC delegation, led by Mansur Hassan, is tasked with verifying the party’s leadership structure, membership register, financial records, and compliance with statutory requirements, including proof of tenancy or ownership of its secretariat. Hassan emphasized that INEC's role is to monitor and correct, not just observe. The exercise will involve verifying the membership of the party executive and National Working Committee, reviewing tenancy agreements and receipts, and obtaining a soft copy of the membership register. The Labour Party's interim National Chairman, Nenadi Usman, welcomed the audit, expressing the leadership's commitment to rebuilding the party amidst internal disputes. Usman appealed for unity, extending an olive branch to aggrieved factions led by Julius Abure and Lamidi Apapa, and urged reconciliation. She presented requested documents to INEC and toured the delegation around the secretariat. This follows a similar verification conducted for the Social Democratic Party, as INEC continues its regulatory checks to ensure political parties comply with constitutional provisions and governance standards.