Nigeria News (Standard)
CBN, Trade Ministry Outline AfCFTA Reforms at Lagos Citibank Forum
Officials highlight Nigeria’s strategy to boost regional trade and address business barriers under AfCFTA framework
Officials highlight Nigeria’s strategy to boost regional trade and address business barriers under AfCFTA framework
Senior officials from the Central Bank of Nigeria (CBN) and the Federal Ministry of Industry, Trade and Investment have presented fresh perspectives on Nigeria’s trade reforms under the African Continental Free Trade Area (AfCFTA) agreement during a stakeholders’ forum hosted by Citibank in Lagos on Friday, 26 June 2026.
The event brought together financial sector leaders and government representatives to discuss ongoing regulatory changes aimed at strengthening Nigeria’s position in intra-African trade. According to presentations delivered at the forum, both CBN and the ministry are prioritising policies that encourage Nigerian businesses to tap into AfCFTA’s expanded market access, while also addressing long-standing challenges such as cross-border payment systems and non-tariff barriers.
The discussions come at a time when many Nigerian manufacturers and exporters are seeking clarity on how new trade protocols will affect their operations. Stakeholders emphasised that effective implementation of AfCFTA could unlock significant economic opportunities for local firms, especially in agriculture, manufacturing, and services sectors. Government officials reaffirmed their commitment to ensuring that regulatory reforms align with the realities faced by Nigerian entrepreneurs.
“Government is committed to reducing bottlenecks and supporting businesses so they can compete favourably across Africa,” an official from the trade ministry said during the session. Representatives of Citibank added that banking sector innovation would be key to easing transactions under the new regime. Some participants, however, noted concerns over customs procedures and infrastructure gaps that may limit Nigeria’s competitiveness if left unaddressed.
As discussions continue between regulators and industry players, authorities say further policy guidelines will be issued in coming months to support seamless participation of Nigerian businesses under AfCFTA. The outcome of these reforms is expected to shape Nigeria’s export drive and regional economic integration in years ahead.
Nigeria News (Standard)
MTN Chairperson Condemns Xenophobic Attacks in South Africa, Calls for National Unity
Telecoms leader urges restoration of ‘national consciousness’ as recent violence against foreigners sparks regional concern
Telecoms leader urges restoration of ‘national consciousness’ as recent violence against foreigners sparks regional concern
The chairperson of MTN Group has publicly condemned the ongoing xenophobic attacks targeting foreign nationals in South Africa, urging citizens and leaders to return to what he described as a spirit of ‘national consciousness.’ The remarks were made on Friday during a company event, as fresh incidents of violence against non-South Africans have reignited diplomatic tensions across the region.
The MTN chairperson addressed stakeholders in Johannesburg, denouncing the recent wave of attacks that have affected foreign-owned businesses and communities. The chairperson stressed that such actions undermine social cohesion and threaten the economic stability of not just South Africa but also neighbouring countries, including Nigeria, where MTN maintains significant operations.
Xenophobic violence has remained a recurring issue in South Africa, with previous episodes resulting in loss of lives and extensive property damage. For many Nigerians living in South Africa or with business ties to the country, these developments raise fresh concerns about safety and bilateral relations between Abuja and Pretoria.
While speaking to participants at the event, the MTN chairperson called on South Africans to reflect on their shared history and embrace inclusivity. He stated that rebuilding ‘national consciousness’ was vital for long-term peace and prosperity. No immediate comment was available from South African government officials regarding measures to address the situation.
As at Friday evening, Nigerian authorities had yet to issue an updated travel advisory for citizens residing or travelling to South Africa. The incident is likely to prompt further dialogue between both countries, with stakeholders from the telecoms sector and diplomatic corps expected to push for stronger protections for foreign nationals.
Nigeria News (Standard)
Port Harcourt Gas Secretariat Confirms Domestic Utilisation Surpasses 2bcfd as Exports Reach Five-Year High
Federal government says rising gas output driven by power, industry and transport; energy stakeholders hail economic boost
Federal government says rising gas output driven by power, industry and transport; energy stakeholders hail economic boost
Nigeria’s domestic natural gas utilisation has crossed the two billion standard cubic feet per day (2bcfd) mark, with exports hitting their highest level in five years, according to new disclosures by the Decade of Gas Secretariat. The announcement was made during a media capacity-building programme held in Port Harcourt, Rivers State, on Wednesday.
Mr. Taofeek Balogun, representing the Decade of Gas Secretariat at the event, stated that Nigeria’s gas sector is now recording year-to-date production of 7.85 billion standard cubic feet per day (bcfd). He attributed this progress to the Federal Government’s ongoing gas development agenda, which targets increased domestic supply for power generation, industry, transportation and household use.
The surge in both domestic consumption and exports comes at a time when Nigeria is seeking to reduce reliance on imported fuels and strengthen its energy security. The government’s push for wider adoption of compressed natural gas (CNG) and electric vehicles has also created new demand for domestic gas. Experts say this milestone demonstrates the growing role of natural gas in Nigeria’s industrialisation drive and economic diversification efforts.
“This achievement reflects our commitment to harnessing Nigeria’s vast gas resources for national development,” Balogun said at the programme, which was organised in collaboration with the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV). He added that continued investment in infrastructure and policy reforms are essential to sustain growth in the sector.
Stakeholders present at the event commended government’s efforts but urged further action to address challenges such as pipeline vandalism and regulatory bottlenecks. As Nigeria consolidates its position as a leading gas producer in Africa, industry players expect ongoing reforms to attract more investments and support job creation across key sectors.
Nigeria News (Standard)
Mike Bamiloye Reveals Cameraman’s Disappearance Halted Original ‘Agbara Nla’ Production in Osun
Veteran filmmaker recounts how the iconic Christian film was abandoned in 1987 as new sequel readies for cinema release
Veteran filmmaker recounts how the iconic Christian film was abandoned in 1987 as new sequel readies for cinema release
Renowned Christian filmmaker Mike Bamiloye has disclosed that the original production of his influential movie, Agbara Nla, collapsed in Osun State in 1987 after the cameraman vanished with all the recorded tapes shortly after filming concluded. Bamiloye made this revelation on Friday via a post on his verified X account, just as anticipation grows for the upcoming cinema debut of Agbara Nla: The Return.
According to Bamiloye, after completing the initial shooting nearly four decades ago, the entire cast and crew were left stranded when the hired cameraman absconded with the only copies of their work. The incident forced him and his Mount Zion Faith Ministries team to abandon their efforts, despite high hopes for what would become one of Nigeria’s most impactful faith-based films.
Agbara Nla later became a household name across Nigeria, credited with inspiring a wave of indigenous Christian filmmaking and outreach. The lost tapes incident, however, delayed its emergence and shaped Bamiloye’s approach to subsequent productions. The filmmaker’s latest account comes as excitement builds for Agbara Nla: The Return, expected to draw significant attention from both older fans and a new generation of viewers.
Bamiloye did not provide further details on how or if the missing tapes were recovered, but he described the experience as a test of perseverance that ultimately strengthened his commitment to gospel drama. Stakeholders in Nigeria’s Christian creative sector have hailed his resilience, with many pointing to Agbara Nla as a turning point for local content.
With Agbara Nla: The Return set for cinema screens nationwide, Bamiloye’s story serves as a reminder of the challenges facing early Nigerian filmmakers. Industry observers expect renewed interest in faith-based productions and greater recognition for those who laid the groundwork despite setbacks.
_Agbara Nla: The Return._
Source: https://guardian.ng/life/how-original-agbara-nla-production-collapsed-mike-bamiloye/
MTN Chairperson Condemns Xenophobic Attacks in South Africa, Calls for National Unity
Barcelona Star Reveals Why Only Messi Can Shine at 39 Ahead of 2026 World Cup
Port Harcourt Gas Secretariat Confirms Domestic Utilisation Surpasses 2bcfd as Exports Reach Five-Year High
Mike Bamiloye Reveals Cameraman’s Disappearance Halted Original ‘Agbara Nla’ Production in Osun
Chams HoldCo Appoints New Board Chair in Lagos, Targets Improved Corporate Governance
Kọtụ Lokoja Kwupụtara Iwepụ Ndebanye NDC N’ihi Mmegide Ihe Osise Logo
Lagos PTML Customs, Port Police Strengthen Maritime Security Collaboration
Abuja Court Sacks NDC Registration Months After Peter Obi Becomes Presidential Candidate
FCT Police Arrest Suspect, Recover Stolen Toyota Hilux in Abuja-Kaduna Operation
Katsina Police Foil Cattle Rustling in Jibia LGA, Recover 20 Stolen Cows
Environment Minister Urges Increased Investment in Nigeria’s Green Economy Ahead of Global Climate Summit
Gọvanmenti Nigeria Kwupụtara 53 Orù Anyanwụ Maka Ike Ọhụrụ N’iru Afọ 2050
Moniepoint Graduates Second DreamDevs Cohort in Lagos to Strengthen Nigeria’s Engineering Workforce
Lagos Residents Spend Over ₦50bn on US Visa Applications Amid Tighter Entry Rules
Lagos FMCG Giants Record ₦18.9bn Rise in Production Costs, Earnings Hit by Inflation in Q1
Lagos Police Arrest Doctor, Birth Attendant Over Alleged Sale of Newborn for ₦2.5m
FG Launches $500m Abuja Formula 1 Bid, Targets Africa’s First Grand Prix Since 1993
Lagos Court Declares National Assembly’s ₦110bn Vehicle and Allowance Spending Unlawful
Fresh Romance Rumours Trail Lando Norris as Alix Earle Sparks Drama in Monaco
