Author: SNOW TV NEWS

The United States Department of State has identified insecurity, corruption, port delays and regulatory uncertainty as major barriers to investment in Nigeria, despite signs of improving macroeconomic stability. In its 2026 Investment Climate Statements on Nigeria, the department said the country’s business environment reflected the effects of “painful but necessary” structural reforms introduced by President Bola Tinubu’s administration. The report said fuel subsidy removal and foreign exchange liberalisation initially caused significant economic volatility, although indicators in early 2026 suggested some stabilisation. Security risks, administrative bottlenecks and the social costs of those reforms nevertheless remained concerns for foreign investors. “The security environment is ...

Borno State governor, Babagana Zulum has said President Bola Tinubu assured him that security agencies would take measures to rescue children abducted from Mussa community in Askira-Uba Local Government Area. Zulum disclosed this on Friday after meeting Tinubu at the Presidential Villa in Abuja to discuss the security situation in Borno State. He said he had raised the recent abductions in Askira-Uba and other communities with the President. According to Zulum, Tinubu assured him that the Nigerian Army, the Department of State Services (DSS) and the Office of the National Security Adviser would take the necessary measures to secure the children’s release. Recall that gunmen abducted between 42 and 44 children from a primary and junior secondary school, as well as nearby homes, ...