The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has cautioned that Nigeria may not fully benefit from the African Continental Free Trade Area (AfCFTA) despite the government's approval of a $1 billion credit facility to support exporters. The association emphasized that without necessary reforms, the potential advantages of the AfCFTA may not be realized, according to Vanguard Business.

A report indicates that while Africa has seen growth in hydropower generation, Nigeria continues to face significant challenges with chronic power shortages, frequent grid failures, and a substantial electricity access deficit, despite having considerable hydropower resources.

According to Onyema, Nigerian airlines are increasingly reliant on bank loans due to rising fuel costs. This statement follows the recent announcement by Dangote Petroleum Refinery, which reduced the price of aviation fuel (Jet A1) to N1,450 per litre. The situation underscores the ongoing challenges faced by domestic airlines in Nigeria amid fluctuating fuel prices.

Nigeria's electricity sector may encounter increased supply challenges due to drought conditions induced by El Niño, which threaten hydropower generation throughout West Africa, according to BMI.

According to Tori.ng, Nigeria's ongoing economic reforms have led to the shutdown of 767 companies due to increasing production costs and a difficult business environment. This situation has sparked intense debate regarding the impact of these reforms on the economy.

The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.