Calabar news in brief for January 21: Wednesday’s top headlines

Nigeria Exits EU High-Risk List

Nigeria has been removed from the European Union’s list of high-risk countries for money laundering and terrorist financing. This decision, effective January 17, 2026, signifies a major global endorsement of Nigeria’s efforts to strengthen its anti-money laundering and counter-terrorism financing (AML/CFT) regime. The delisting is expected to improve Nigeria’s international financial reputation and potentially attract more foreign investment. Source

Nigeria’s Economy to Grow Faster

Economists and the Central Bank of Nigeria project a stronger financial performance in 2026, with real GDP growth anticipated at 4.49% and inflation expected to decrease to 12.94%. This positive outlook is supported by improvements in the non-oil sector, increased private investment, and a more stable macroeconomic environment, potentially leading to greater stability and opportunities for businesses across Nigeria, including Cross River State. Source

Clean Cooking Cushions Climate Change Effect

Stakeholders are adopting clean cooking technologies to mitigate the effects of climate change in Nigeria. This initiative aims to reduce reliance on traditional biomass fuels, which contribute significantly to deforestation and greenhouse gas emissions. By promoting cleaner alternatives, the program seeks to improve air quality, protect the environment, and enhance the health and well-being of communities, particularly women and children who are often most affected by indoor air pollution. The shift towards sustainable energy solutions is seen as a critical step in Nigeria’s broader climate action strategy. Source

Nigeria Adopts CNG for Vehicles

Over 4,600 tricycles and 100,000 vehicles in Nigeria are now operating on Compressed Natural Gas (CNG). This initiative, part of the Presidential Compressed Natural Gas Initiative (PiCNG), aims to reduce the cost of transportation and fuel for Nigerians. The program is being rolled out nationwide, with plans to expand its reach and effect across various vehicle types and states. This shift to CNG is expected to provide significant financial relief to citizens by lowering expenditure on fuel. Source

Calabar South Youth Security Centre Launched

A new viewing centre has been launched in Calabar South to boost youth involvement in community security initiatives. This initiative aims to provide a platform for young people to actively participate in safeguarding their communities. The centre is expected to encourage greater engagement and collaboration between the youth and security stakeholders in the local area. Source

NCC Spectrum Roadmap Unveiled

The Nigerian Communications Commission (NCC) has launched the National Spectrum Roadmap for 2026–2030, aiming to enhance Nigeria’s digital future through transparent and predictable spectrum regulation. This initiative, which includes guidelines for opening the lower 6GHz and 60GHz licence-exempt bands, seeks to improve the quality of service nationwide and support increased data demands. The roadmap is designed to encourage investment, encourage advancement, expand access, and improve service quality for all Nigerians, affecting connectivity for homes, businesses, and public spaces across the country. Source