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Nigeria Launches Carbon Market Association to Boost Climate Action and Green Investment

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Nigeria Launches Carbon Market Association to Boost Climate Action and Green Investment

Brasília, Brazil – Nigeria has officially inaugurated the Carbon Market Association of Nigeria (CMAN), a move aimed at establishing a transparent and credible carbon trading system for the country.

The launch took place at COP30, signaling Nigeria’s commitment to positioning itself as a regional hub for high-integrity carbon credits. CMAN is tasked with coordinating stakeholders across the entire carbon market value chain, ensuring compliance with international standards, and supporting the implementation of Nigeria’s Carbon Market Framework.

Through the association, Nigeria aims to attract private-sector participation, strengthen climate finance mechanisms, and promote sustainable practices that reduce greenhouse gas emissions. By creating a structured and reliable platform for carbon trading, CMAN is expected to enhance the credibility of Nigerian carbon credits in global markets.

Officials highlighted that the initiative will also facilitate investment in low-carbon projects, foster green economic growth, and help the country meet its international climate commitments, demonstrating Nigeria’s growing leadership in environmental sustainability in Africa.

Nigeria’s Economy Stabilizing as Inflation Eases and Reserves Rise, Says CBN Governor

Funmilayo
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Nigeria’s Economy Stabilizing as Inflation Eases and Reserves Rise, Says CBN Governor

Abuja, Nigeria – The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has affirmed that the nation’s economy is regaining stability, citing an increase in foreign reserves and a decline in inflation.

Speaking at the 20th Anniversary Colloquium Lecture of the Monetary Policy Department (MPD) in Abuja, Cardoso noted that Nigeria’s foreign reserves have risen to $46.7 billion, while inflation has moderated to 16.05%, signaling improving macroeconomic conditions.

Vice President Kashim Shettima, also present at the event, highlighted that ongoing economic reforms are fostering new opportunities for investment, emphasizing that “Nigeria is ready for business.”

The remarks underscore the government’s commitment to sustaining economic growth, restoring investor confidence, and creating a favorable environment for both local and foreign investments.

Brookfield Launches $10 Billion Global AI Infrastructure Initiative

Funmilayo
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Brookfield Launches $10 Billion Global AI Infrastructure Initiative

 

New York, USA – Brookfield Asset Management has announced the launch of a global artificial intelligence (AI) infrastructure program aimed at securing $10 billion in commitments to develop large-scale AI capabilities.

The initiative is being implemented in partnership with Nvidia and the Kuwait Investment Authority, combining cutting-edge AI technology expertise with long-term investment capital.

Brookfield revealed that the program already has $5 billion in initial funding through the Brookfield Artificial Intelligence Infrastructure Fund, with plans to deploy the capital toward building state-of-the-art AI data centers and computational infrastructure to support enterprise and cloud AI workloads globally.

The partnership with Nvidia ensures access to advanced AI hardware and GPU technologies, while the Kuwait Investment Authority contributes substantial long-term capital backing. Brookfield said the initiative positions it as a major player in the rapidly expanding AI infrastructure space, addressing growing global demand for high-performance AI computing solutions.

President Tinubu Postpones G20 and AU-EU Trips Amid Security Concerns

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President Tinubu Postpones G20 and AU-EU Trips Amid Security Concerns

Abuja, Nigeria – President Bola Tinubu has postponed his planned attendance at the G20 Leaders Summit in Johannesburg and the AU-EU Summit in Luanda, citing the need for further security briefings following recent violent incidents in the country.

The decision comes after the abduction of schoolgirls in Kebbi State and a violent attack on worshippers in Eruku, Kwara State, highlighting ongoing security challenges in certain regions.

President Tinubu has ordered the deployment of additional security personnel to the affected communities and directed law enforcement agencies to track down and apprehend the perpetrators.

The postponement underscores the administration’s focus on ensuring citizen safety while managing domestic security threats, even as Nigeria maintains its engagement in key international forums.

I can also integrate this with your other Nigerian security, economic, and policy news to produce a comprehensive, publication-ready bulletin.

Nigeria Raises Concerns Over Exclusion from UN Event on Alleged Killings of Christians

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Nigeria Raises Concerns Over Exclusion from UN Event on Alleged Killings of Christians

New York, USA – Nigeria has expressed concerns over its exclusion from a United Nations event organized by US rapper Nicki Minaj in collaboration with the US Permanent Mission, which focused on alleged killings of Christians in the country.

The Nigerian Permanent Mission to the UN described the exclusion as restricting the country’s ability to present its official perspective on the issue. Nigerian officials emphasized the importance of participating in global discussions concerning security and human rights, particularly when national interests and narratives are at stake.

The development comes amid ongoing international attention on violence affecting religious communities in Nigeria, highlighting the challenges of diplomatic engagement in forums shaped by external organizers.

 

NCAA Fines Qatar Airways N5 Million for Consumer Protection Violations

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NCAA Fines Qatar Airways N5 Million for Consumer Protection Violations

Abuja, Nigeria – The Nigerian Civil Aviation Authority (NCAA) has imposed a N5 million penalty on Qatar Airways for breaches related to consumer protection, signaling a stricter regulatory approach toward airlines operating in the country.

The announcement was made by Michael Achimugu, NCAA’s Director of Public Affairs & Consumer Protection, on X (formerly Twitter). He stated:

“Glad to announce that, today, the NCAA has sanctioned @qatarairways to the tune of five million naira for consumer protection-related infractions. In addition, the letters of investigation (LOI) written to the airline over other cases may lead to further sanctions if not treated satisfactorily.”

The penalty underscores the NCAA’s commitment to protecting air travelers’ rights and ensuring compliance with industry regulations. It also serves as a warning to other carriers to uphold high standards in passenger services and consumer relations.

Experts Warn Nigeria’s Public Debt Is Approaching Unsustainable Levels

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Experts Warn Nigeria’s Public Debt Is Approaching Unsustainable Levels

 

Lagos, Nigeria – Nigeria’s public debt is edging toward potentially unsustainable levels, capital market specialists have warned during the Capital Market Academics of Nigeria (CMAN) Q4 2025 Virtual Symposium held on November 15.

While official figures indicate that the country’s debt-to-GDP ratio remains within globally accepted thresholds, analysts cautioned that the debt trajectory is increasingly fragile. Factors driving concern include weak revenue generation, rising debt servicing costs, and persistent structural inefficiencies in the economy.

Experts emphasized the need for prudent fiscal management, enhanced revenue mobilization, and strategic borrowing to prevent the debt from compromising economic stability. They also highlighted that without corrective measures, debt obligations could crowd out critical investments in infrastructure and social programs.

The symposium provided a platform for policymakers, academics, and market operators to discuss strategies for sustainable debt management and fiscal resilience amid challenging economic conditions.

 

Exxon Mobil and Chevron Explore Acquisitions of Lukoil’s International Assets

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Exxon Mobil and Chevron Explore Acquisitions of Lukoil’s International Assets

New York, USA – Exxon Mobil has joined Chevron in exploring potential acquisitions of parts of Lukoil’s international assets, following approval from the U.S. Treasury for companies to enter talks with the sanctioned Russian oil firm.

Lukoil’s global portfolio includes refineries, oilfields across multiple continents, and extensive fuel retail operations, making it a highly strategic target for major international energy players.

The move signals renewed interest from U.S. oil majors in expanding their global footprint, particularly in high-value upstream and downstream operations, even as geopolitical and regulatory considerations continue to shape cross-border energy transactions.

Industry analysts note that any acquisition could reshape global energy markets and enhance U.S. oil companies’ access to diversified production and refining capacities.

 

Lagos State Bonds Oversubscribed, Signaling Strong Investor Confidence

Funmilayo
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Lagos State Bonds Oversubscribed, Signaling Strong Investor Confidence

Lagos, Nigeria – The Lagos State Government has reported overwhelming investor interest in its recent bond issuances, with both conventional and green bonds significantly oversubscribed.

According to an update on the state’s X (formerly Twitter) handle, the N200 billion conventional bond, issued in early November 2025, recorded 55% oversubscription, attracting total bids of N310 billion. Meanwhile, the N14.8 billion Green Bond, intended to fund climate-related projects, was 97.7% oversubscribed, drawing total bids of N29.29 billion.

The government highlighted that the Green Bond is the first of its kind issued by a sub-national government in Nigeria, while the conventional bond represents the largest ever issued by a non-corporate sub-national entity in the country.

Proceeds from both bonds are earmarked for projects under the THEMES+ Agenda, focusing on transportation, healthcare, education, and environmental sustainability, aimed at enhancing public services and supporting long-term development across Lagos State.

The strong response from investors underscores growing confidence in sub-national infrastructure financing and Lagos State’s capacity to deliver on its development priorities.

L

China’s Battery Exports to Nigeria Surge Amid Record Global Demand

Funmilayo
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Beijing/Lagos – China’s exports of batteries and Battery Energy Storage Systems (BESS) to Nigeria have surged as global demand reaches record levels.

New data reveals a 24% increase in Chinese battery shipments in 2025, with 114 countries, including Nigeria, purchasing over $10 million worth of batteries and BESS each. The growth reflects the rising adoption of renewable energy solutions, electric vehicles, and large-scale energy storage systems worldwide.

Industry analysts note that Nigeria’s increasing imports are linked to expanded renewable energy projects, off-grid power solutions, and industrial energy storage initiatives, highlighting the country’s growing role in Africa’s clean energy transition.

China remains a dominant global supplier of battery technology, with its exports helping to meet both domestic and international energy storage needs amid a rapidly evolving energy landscape.

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