An Igbo-Language Film Has Just Set a Record Nollywood Had Never Filled
The highest-grossing Igbo film ever, Ikenga: The Last Festival, has passed N75m at the Nigerian box office since opening on...
September 8, 2026Section
Nigeria News in English
Nigeria news in English from The Rio Times — Lagos and Abuja politics, economy, oil and markets.
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Nigeria’s Petrol Import Bill Rose Almost Tenfold in a Single Quarter
Nigeria petrol imports rose 989.4% to N952.15bn in the second quarter of 2026, even as the country's trade surplus widened...
September 8, 2026
Tinubu Secures APC Nomination for Nigeria 2027 Election Race as Opposition Coalition Falters
Nigeria 2027 election dynamics are crystallising around Tinubu's APC re-election bid and a fractured opposition. What the early race means...
September 6, 2026
Dangote Refinery IPO Approved at US$0.40 a Share
Nigeria's SEC cleared the Dangote Refinery IPO: 4.1 billion shares at US$0.40 each (₦525), raising up to US$1.63 billion, Africa's...
September 6, 2026
Cost of Living Lagos Rent Hits ₦17.25 Million for an Ikoyi Two-Bedroom
Cost of living Lagos jumps as Ikoyi two-bedroom rent reaches ₦17.25 million (US$13,000) a year, meaning expats and investors face...
September 4, 2026
Naira Firms to 1,315.67 per Dollar as CBN Holds Rate at 26.50%
The naira appreciated to 1,315.67 per dollar on the official window, while the CBN held rates at 26.50%, narrowing the...
September 4, 2026
Nigeria Economy 2026 — Dangote Cut the Petrol Import Bill by 96 Percent
Tinubu's reforms are reshaping Nigeria's economy as the Dangote refinery cuts the petrol import bill by 96% in early 2026,...
September 4, 2026
Nigeria Sent Its Governors to Benin to Copy a Cotton Park
The Benin cotton industrial zone at Glo-Djigbe turns raw fibre into garments, and Nigeria has sent governors to study a...
September 4, 2026
The Naira Hits a Two-Year High and Reserves Reach an 18-Year Peak
The naira two-year high of N1,315.67 came as external reserves reached US$53.99bn, an 18-year peak, with record July remittance inflows...
September 4, 2026