Nigeria and Türkiye Sign Bilateral Mining Pact

Nigeria and Türkiye Sign Bilateral Mining Pact

Nigeria and Türkiye have signed a memorandum of understanding to deepen bilateral cooperation in the solid minerals sector. Minister of Solid Minerals Development Dele Alake and Turkish Minister of Energy and Natural Resources Alparslan Bayraktar finalised the agreement in Istanbul. The pact updates an inactive framework first established between the two nations in 2021. Both…

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Beijing, Abuja Brew Closer Ties via Tea

Beijing, Abuja Brew Closer Ties via Tea

China and Nigeria have expanded their bilateral relations through a cultural exchange programme centred on traditional tea heritage. The initiative gathered diplomats, artists, and government officials at the China Cultural Centre in Abuja on Wednesday. Dubbed the 2026 Maritime Silk Road Impressions salon, the gathering used the ancient beverage to anchor talks on people-to-people diplomacy….

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Inflation Fears Force Wall Street Retreat

Inflation Fears Force Wall Street Retreat

Wall Street index values fell sharply as surging crude prices ignited renewed global inflation fears. The sudden retreat knocked US equities off their recent record highs, which had been driven heavily by optimism surrounding artificial intelligence. Investors abandoned riskier stocks after benchmark Treasury yields jumped, offering a safer alternative for capital. The downturn affected nearly…

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Nigeria, Germany Seal €365m Trade Development Deal

Nigeria, Germany Seal €365m Trade Development Deal

Germany has shifted its approach to Nigeria from traditional aid to a commercial alliance, sealing a €365 million development and investment partnership framework. The agreement, signed in Abuja, includes a €65 million financial and technical cooperation package for the 2026–2027 cycle, alongside a €300 million export credit line designed to de-risk private capital. This framework…

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US Revitalises Credit Program to Expand Agro-Trade with Nigeria

US Revitalises Credit Program to Expand Agro-Trade with Nigeria

The United States has formally reactivated its Export Credit Guarantee Program (GSM-102) to deepen agricultural trade ties with Nigeria. The initiative, managed by the U.S. Department of Agriculture, provides essential credit guarantees to Nigerian banks and importers, reducing the risk associated with purchasing U.S. agricultural inputs. This move marks a strategic shift in U.S. diplomatic…

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