Confronted with growing scrutiny over its recently raised funding package, the Nigerian government is seeking to reassure the public and the markets over its choice to make use of complex mechanisms known as total return swaps

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Nigeria

Emirati defence giant Edge ties up $300m deal with Abuja

The Abu Dhabi-based defence heavyweight is in the final stages of negotiating a contract to supply military equipment to the Nigerian armed forces, which are struggling to contain the jihadist threat in the north of the country


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Spotlight|Nigeria

Abuja prepares to defend track record in talks with Trump administration

A high-level Nigerian delegation plans to visit the US capital in August. After the creation of a new military cooperation framework between the two countries in early 2026, Abuja hopes to put emphasis on the progress made in recent months

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Nigeria

Ex-trader Jidayi Ijudigal builds a network to push his mining projects

The Nigerian businessman is overseeing around 20 mining projects in strategic minerals. His flagship project, a rare earths processing plant in Nassarawa State, showcases his ambition to develop local processing. He benefits from the backing of the mines minister

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Nigeria

Beijing fumes over unpaid Air Force drone bills

Chinese-made Wing Loong II attack drones operated by the Nigerian Air Force have become the focus of increasingly acrimonious negotiations between state-owned aerospace group AVIC and military officials struggling to cover their operating costs

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Nigeria

NNPC to sign $4.7bn loan with Aramco

Negotiations for a massive loan between the Nigerian national oil company and its Saudi counterpart, which have been underway for two years, are nearing completion. The sum will partly be used to refinance a previous loan, known as Project Gazelle

Subscribers onlyEnergy15.12.2025

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