Nigeria · Country watch
LAWMA Revokes Licences, Nigeria Climbs Investment Ranking
Lagos revokes waste operator licences; Nigeria rises in Africa's investment ranking, boosting business prospects.
The picture Improving
Business conditions in Nigeria are improving as Lagos enforces stricter waste management regulations and Nigeria climbs in Africa's investment ranking. These developments enhance regulatory compliance and investor confidence.
In this briefing Muyiwa Gbadegesin · Lagos Waste Management Authority · Zubaida Umar · National Emergency Management Agency · Nigerian Air Force · Bola Tinubu · Bloomberg Economics
Regulation
LAWMA revokes licences of six waste operators
The Lagos Waste Management Authority (LAWMA) has revoked the operating licences of six Private Sector Participation (PSP) waste collection operators. This decision, announced by LAWMA Managing Director Dr. Muyiwa Gbadegesin, was due to the operators' failure to meet required service delivery standards in their assigned areas, according to Channels TV. The affected locations include Ward C1, Slot A, Abosan in Igbogbo-Baiyeku, and others. This move aims to improve waste management services in Lagos.
Impact Waste management companies in Lagos face increased regulatory scrutiny and potential operational disruptions.
Sources: Channels TV ↗, Daily Post Nigeria ↗, Vanguard Nigeria ↗
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
NEMA activates search for crashed aircraft in Ondo
The National Emergency Management Agency (NEMA) has activated a search-and-rescue team following the crash of a Nigerian Air Force ATR-42 aircraft near Igbokoda in Ondo State. NEMA Director General, Mrs. Zubaida Umar, stated that the agency is enhancing coordination and providing additional technical support to the response teams, according to Information Nigeria. The crash has raised safety concerns in the region.
Impact Defence sector operations in Ondo are impacted by increased safety measures and search operations.
Sources: Information Nigeria ↗, Vanguard Nigeria ↗
Companies
Nothing significant reported today.
Markets
Nigeria climbs four places in Africa investment ranking
Nigeria has climbed four places to eighth in Bloomberg Economics' 2026 Investment Risk-O-Meter, becoming the biggest climber among major African economies. This improvement is attributed to President Bola Tinubu's economic reforms, according to Punch. The ranking assesses the relative investability of 19 African economies, indicating improved economic and fiscal fundamentals in Nigeria.
Impact Investors in Nigeria gain confidence from improved economic conditions and investment rankings.
Sources: Vanguard Nigeria ↗, Punch ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Nigeria
- Kenya Reports First-Ever Ebola Death — Channels TV
- Israel puts military on alert ahead of October 7 anniversary — Punch
- 2027: INEC confirms review of Supreme Court judgment affecting Chinda, Omo-Agege, others — Daily Post Nigeria
- 70% of under-10 children can’t read simple sentences — Official — Punch
- 2027 Polls: “Your Ambitions Not Worth Blood Of Nigerians” – INEC To Politicians — Information Nigeria
- Food prices have fallen by up to 50% since 2023 – Minister — Daily Post Nigeria
- 2027 poll: Initiate structured political dialogue with South-East – Ohanaeze to FG — Daily Post Nigeria
- 2027: Ondo Governor backs Wike’s Rainbow Coalition amid face-off with APC govs — Daily Post Nigeria
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: Subway Strike Hits Buenos Aires; Dollar Blue Falls
- Brazil: Lula Blocks Betting, Senate Debates Workweek Change
- Canada: Quebec Election Result, US Tariffs Impact Trade
- China: China's Retail Shift, EU Trade Tensions, HK Land Sale
- Germany: Deutsche Firmen warnen vor China-Zöllen, Zugunfall stört Verkehr
- Egypt: Egypt Expands Financing Tools, Exports to South Korea Rise
- Spain: Barcelona Unrest, Jindal Bids for Tubos Reunidos
- France: Lycée Protests Escalate, French Debt Insights
- United Kingdom: Asos Data Breach, Edinburgh University Strike
- Indonesia: Rupiah Strengthens, Job Protection Bill Advances
- Israel: Modi'in Unrest, Leviathan Gas Deal Approved
- India: RBI Rate Hike Looms, Stock Market Gains, FDA Crackdown
- Iraq: EU-Iraq Trade Talks, Network Theft Arrests Rise
- Iran: Iran's Oil Exports Halt, Tehran Stocks Near 8 Million
- Italy: Diesel Prices Rise, Paramount Acquires Warner Bros
- Japan: Times Car Data Breach, Tokyo Child Safety Alert
- Kenya: Ebola Case Confirmed, Electric Vehicle Deal Signed
- South Korea: Finance Minister's Inflation Focus, Seoul Tourist Surge
- Lebanon: IMF Oversight on Banks, Economy Ministry Crackdown
- Morocco: Dirham Weakens, Severe Weather, Water Disruptions
- Mexico: US Diesel Sanctions Impact, Nuevo León Investment
- Malaysia: Batu Pahat Schools Close; GeoSAWIT Launches
- Netherlands: Dutch Cabinet Tax Plan in Doubt, Booking.com Court Clash
- Poland: Orlen Managers Arrested, TVN Sale Under Review
- Portugal: Portugal Faces Thunderstorm Alerts, Infringement Cases
- Russia: Russia Hits Izmail Port, Moscow Exchange Rises
- Senegal: Flood Response Boosted, Debt Talks Begin
- Turkey: ASELSAN's Major Deal, New Rules for Booking
- Ukraine: Power Cuts Return, Chonhar Bridge Damaged
- United States: Trade Deficit Widens, Measles Emergency Declared
- Vietnam: Vietnam-Panama Trade Talks, HNX Stocks Move
- South Africa: Joburg Power Outage, SIU Recovers Billions