Video - Nigeria advocates for China tariff exemptions

Nigeria and China have maintained a strong trade relationship, with transactions surpassing $21 billion in 2024. While China recently granted tariff exemptions to 33 African countries, Nigeria was not included, raising concerns about Nigeria's trade policies and its competitiveness.

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Video - Nigeria's petrol import expenditure soars to all-time high in 2024

Nigeria spent $9.64 billion on petrol imports in 2024, a 105 percent increase from 2023. This sharp rise underscores the country’s continued reliance on imported fuel despite efforts to boost domestic refining capacity.

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Video - Nigerian farm milks scorpions for venom, eyes lucrative global market

A farm is turning scorpion venom into a lucrative business in Lagos, Nigeria. With over 10,000 scorpions, farmers extract the highly valuable venom for use in pharmaceuticals, biotech, and cosmetics.

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Video - Nigeria sets ambitious 7% GDP growth target for 2025

Achieving this goal will require significant policy changes, private-sector expansion, and increased investment in key sectors. Experts warn that reducing dependence on imports and improving local production will be essential for sustainable growth.

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Video - Nigeria's rice prices skyrocket, outpacing minimum wage

 

The cost of a 50kg bag has jumped from $16 to $60, far surpassing the country's minimum wage. With local production falling short and insecurity hindering supply, many Nigerians find rice unaffordable despite slight price drops.

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Video - Nigerian turns passion for crochet into thriving footwear enterprise

Lagos businesswoman Ifunanya Nwakwudo creates durable and stylish crochet footwear. Her creations helped her start a small business.

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Video - Nigerians shift away from cable television

Nigerians shift away from cable television Rising subscription fees make it increasingly expensive for consumers to stay connected to cable.

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Video - Nigerian designer shines at the Milan Fashion Week

Tokyo James made waves at Milan Fashion Week as models showcased his latest collection. This year, he broke tradition by staging the show in Lagos and live-streaming it to Milan.

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Related story: Designer creates world's largest sandal in Nigeria

Video - Nigeria’s heatwave raises health concerns

Health experts in Nigeria warn that the ongoing heatwave could worsen existing medical conditions, especially among vulnerable populations. The country's meteorological agency predicts temperatures will exceed 40°C in the upcoming months.

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Video - Chinese short web dramas gain popularity in Nigeria

Chinese short web dramas are steadily gaining popularity in Nigeria. Many Nigerians are willing to pay for access to platforms like DramaBox and ReelShort, as the trend is changing viewing habits.

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Video - Nigerian psychologists recommend music for children impacted by violence

The healing power of music has been widely researched and documented around the world. In Nigeria, psychologists want music therapy to play a bigger part in the recovery of children impacted by violence.

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Video - Nigerian car dealers warn proposed U.S. tariff on auto imports would hurt consumers

The United States plans to impose a 25 percent tariff on imported vehicles. Car dealers in Nigeria worry that the added costs will significantly drive up prices locally. A large portion of imported vehicles in Nigeria come from the United States.

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Nigeria partners with China Foreign Trade Centre to strengthen trade relations

Africa's participation in China's bi-annual Canton Fair has been growing, with Nigeria among the biggest participants from the continent. Companies and entrepreneurs met in Lagos to strategize for the upcoming April event.

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Video - Nigeria partners with China Foreign Trade Centre to unlock new markets

Nigerian entrepreneurs and businesses are strategizing in Lagos to maximize opportunities at the upcoming 2025 Spring Canton Fair in Guangzhou, China, set to begin in mid-April.

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Video - Experts say Nigeria’s fuel truck ban won’t curb accidents

Energy analysts have criticized Nigeria’s ban on fuel trucks carrying up to 60,000 liters, arguing that improving road conditions would be a more effective way to prevent tanker accidents and explosions. The government announced the ban as part of efforts to enhance road safety.

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Related story: Video - Nigeria launches road safety review following oil tanker accidents

Video - Nigeria raises health worker retirement age to 65 amid exodus of staff abroad

The West African nation has increased the retirement age for healthcare workers to 65, with consultants now able to work until 70. This decision aims to address the growing shortage of healthcare professionals, driven in part by the mass exodus of staff seeking opportunities abroad.

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Video - Nigeria's Afrobeats music dominates global scene

Afrobeats music continues to make waves globally, with Nigerian artists taking center stage at the 2025 Grammys. Nigerian singer Tems won the newly created Best African Music Performance category with her song "Love Me Jeje." Tems was also featured at a Formula 1 event in the lead-up to the season opener in March.

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Video - Nigeria’s local oil refineries struggling for crude supply

Despite Nigeria's oil production surpassing 1.5 million barrels per day, many of the country’s local refineries remain almost inactive. Operators report that they have yet to receive crude from local oil companies, leaving refineries in a state of underutilization and hindering the country’s refining capacity.

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Video - Nigeria acts on HIV/AIDS funding as U.S aid halts

Following a sudden pause in U.S. HIV/AIDS aid, Nigeria has allocated 3 million U.S. dollars in emergency funds and set up a committee for long-term domestic funding. Some experts say this kind of move is overdue.

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Video - Experts appeal for more supports for Nigeria's Afrobeats

Despite Afrobeats’ global rise, experts say Nigerian artists still face major challenges that require government support. At the 2025 Grammys, Nigerians took a lead in the Best African Music Performance category, with Tems winning for Love Me Jeje.

CGTN