Femi Asu

Nigeria is pushing ahead with efforts to lure in investors after several multinationals exited following reform fallout that exacerbated the headwinds facing businesses. Several economists and investors tell me they see green shoots of recovery, even as more needs to be done.

The Africa Report @TheAfricaReport

A wave of multinational exits from Nigeria raises the stakes in the hunt for new emerging market investors. ➡️ https://t.co/Pw79aSQbiC @asufemi reports. https://t.co/LxR5ZywHFh

“Ethics will keep you on the straight and narrow path. Ethics is important to our journalism trade; we cannot compromise ethics just because we want engagement.” — Mojeed Musikilu of @PremiumTimesng #NMLSummit #NMLSummit2025 @Clinic4Journos

“If you depend on advertisers, you will be at their mercy; it will affect your editorial independence. Ensure you have alternative means of finances and resources. Focus on your strengths. Do partnerships.” — Toun Sonaiya of @WomenRadio #NMLSummit @Clinic4Journos

“A great deal has changed in the makeup and consumption habits of the audience. sometime in the past, engagement was so high, with investigative stories generating a lot of interest; that sadly is no longer the case.” — Adeyeye Joseph of @MobilePunch #NMLSummit @Clinic4Journos

“We have always advocated that the Nigerian media should learn to collaborate. We compete fiercely. I believe that rather than competition, partnerships help to amplify what we do. Every newsroom has its strong points.” — Mojeed Musikilu of @PremiumTimesng #NMLSummit

Ensure that your journalism is robust enough to withstand AI and other innovations. - Dan Mason at #NMLSummit2025 organised by @Clinic4Journos

“How do we claim authenticity in this atmosphere of professional theft? That is at the heart of the crisis we have in the media today. The greatest threat to real journalism are those people who claim to be journalists…” - Sam Omatseye at #NMLSummit2025 by @Clinic4Journos

At the AVCA Conference in Lagos today, Africa’s richest man said production capacity expansion at his Dangote Cement will enable Nigeria to overtake Egypt as the biggest exporter of the building material in Africa next year.

The Africa Report @TheAfricaReport

Aliko Dangote is confident that Nigeria’s cement industry will rise but Chinese companies still pose a threat to West African domination. https://t.co/n77MNPBxAA By @asufemi

The wave of asset divestment by oil majors in Nigeria that started in 2022 has seen several local operators ramp up their participation in a sector that is the lifeblood of the economy. Meet the bosses of the 10 buyers in my latest report. https://t.co/omn1bOxFG3

The price of crude oil, Nigeria’s economic lifeblood, sank below $60 on Wednesday, just over a month after Nigeria’s budget that’s based on $75 was approved and amid a worsening local production outlook. My colleague @ENIBOY and I look at what this would mean for the country.

The Africa Report @TheAfricaReport

Nigeria’s newly approved N54.99trn ($36.6bn) budget is already facing severe strain from two fronts: the global collapse in oil prices, partly fuelled by @realDonaldTrump’s latest tariff offensive, and a worsening production outlook linked to political upheaval in Rivers State. https://t.co/tIESLHOdJW

Nigeria, which has struggled with underinvestment in its maritime infrastructure for years, looks set to see the entry of Dangote and Dubai-based logistics giant DP World into its ports sector. https://t.co/XZpaVgOKSZ

RT @NickNorbrook: And @asufemi has a look at Nigeria's hottest export: its people => is Nigeria's superpower its diaspora? https://t.co/weN…

I thoroughly enjoyed my interview with Yaw Bediako, cofounder and CEO of Ghana’s Yemaachi Biotech, which is working to make a dent in Africa’s cancer research paucity. https://t.co/Y8vHX3gOLE

My latest report puts a spotlight on some Nigerians who travelled abroad many years ago and are doing their home nation proud.  They left Nigeria when they were teenagers, headed to the US — all but one studied at Harvard, and became shining stars on the global stage.

The Africa Report @TheAfricaReport

Long before the current wave of Nigerian professionals fleeing the country — popularly known as japa, the Yoruba word for ‘escape’ — a generation of young citizens from the populous West African nation had already planted roots abroad. ➡️ https://t.co/pgx6vgLp4l They are now https://t.co/XYqSXSjPaN

Some 20 years ago, Africa was home to most of the heavily indebted poor countries that got debt relief. Now, many economies on the continent are grappling with debt load again - four have already defaulted. Economic experts share superb insights in my latest report.

The Africa Report @TheAfricaReport

Africa is once again burdened with debt, with at least 30 economies either at high risk of debt distress or already in distress, according to data from the World Bank. “Africa is facing unsustainable debt burdens. We must come together to find a solution to this crisis,” said https://t.co/P6GBbTjBXA

In this report led by my managing editor @NickNorbrook, we look at Dangote’s standing in Africa’s cement market, where Chinese companies are gaining a foothold.

The Africa Report @TheAfricaReport

Nigeria’s Dangote Cement is only leader in two of its foreign markets – the tiny Sierra Leone market and East African powerhouse Tanzania. But while Dangote continues to grow, Chinese companies are gaining a foothold in Africa’s cement industry – filling gaps left by https://t.co/9lgxi9MzxV

While Trump is fuelling US LNG export boom, Nigeria’s biggest gas exporter NLNG is fighting a severe feedstock shortage at home that has seen its fortunes in the global market decline. Find out what US’s growing dominance in the market would mean for Nigeria in my latest piece

The Africa Report @TheAfricaReport

Since launching its first liquefied natural gas terminal in 2016, the United States has experienced rapid growth in exports, becoming the world’s largest supplier of LNG in 2023. Meanwhile, Nigeria LNG Limited has seen its fortunes in the global market decline owing to https://t.co/E0oQjWmKKA