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Top 5 Annual Festivals in Nigeria

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By Nkem Ndem

Italy and Brazil may be known as the flagship countries that popularized festivals all over the world, but with time, other countries and societies, including Nigeria are now rising up and boosting their local festivals so much that they now even stand a chance at competing with the later festival giants. While Festivals are not new to Nigeria, in recent time, some major festivals are now popularized so much that tourists from around the world visit the country annually for the events.

From the Eyo Festival to the different city carnivals, there is a variety of events and festivals that celebrate either religious history, music, art indigenous folklore or Nigeria’s cultural heritage, most of them featuring local music, costumes, parades, dancing, alcohol, and food. Jumia Travel presents the top 5 of these festivals that are held annually across the nation.

Durbar Festival

The most ancient and prominent festival in the northern regions of Nigeria, the Durbar festival is popular in Maiduguri, Kano, Katsina and Zaria. Originally intended to mark the advent of a war between ancient kingdoms or regarded as a form of military parade to the emirs and their councils to showcase the fighters who defended the territories, the festival is now performed and considered a ceremonial parade. The parades are filed with aesthetics, colors and it serves to reveal the loyalty of the paraders to the emir as well as reveals their strength and readiness for war. The ceremony is major part of the Id el Kabir celebrations as well as the Id el Fitri marking the end of the holy month of Ramadan and it attracts visitors and tourists year after year.

Eyo Festival

A regional festival that is unique to the city of Lagos, Eyo festival stems from ancient Yoruba history and is speculated to be the inspiration for the modern day Rio de Janeiro carnival in Brazil. The festival features a major parade with participants dressed in while flowing robes that cover their entire body, top hats and sticks; and masquerades referred to as “Eyo” as well as costumed dancers. One of the major objectives of the festival is to pay homage to the Oba of Lagos as well as. The 24-day event sweeps through the entire city with focus on the Lagos Island and attracts a large number of tourists from around the world.

Osun-Oshogbo Festival

A highly cultural and spiritual festival held annually in Osun State, the Osun-Oshogbo festival is held between the months of July and August and sees thousands of Osun worshippers, observers as well as tourists from all over the world who come to join in on the festivities. Celebrated at the Sacred Osun grove in honour of the river goddess, Oshun of Osun State, the event spans for two weeks. The first stage features the ‘Iwopopo’ – a traditional cleansing of the land- at the initial stage, ‘Ina Olojumerindinlogun’ – the lighting of the 500-year-old sixteen-point lamp- three days later and finally the ‘Ibroriade’, an assemblage of the crowns of past rulers, and a committee of priestesses. While the colorful parades and parties across the city suggest light-hearted merriment, the Festival is a strong aspect of the Oshogbo culture.

Argungu Fishing Festival

With an origin traced to the visit of the late Sultan Dan Mu’azu in 1934 who was honored with an akin festival, the Argungu fishing festival has been around for quite some time. The festival, widely popular in Kebbi and Sokoto state areas, is a competitive feast that aims to weigh the fishing skills of the locals. It is usually celebrated between the months of February and March and also marks the end of a farming season. As music, drums and dance envelops the air, anxious participants try to outdo each other in a bid to gain the biggest catch. Other activities, including swimming competitions, bare-hand fishing, canoe racing and wild duck hunting serve as side attractions. At the end of the festival, the winner is hugely celebrated, there is merriment across the towns and the river is sheltered to ensure it yields fishes for the next festival.

New Yam Festival

An extremely popular festival that everyone indigenous to the south-eastern regions of Nigeria look forward to very year, The New Yam Festival is locally referred to as Iriji-Mmanwu, Iwa ji, Iri ji or Ike ji,  by the Igbo speaking areas in the region. Ripe with masquerades, colorful costumes, cultural dances and displays, the event symbolizes the end of a harvest and the commencement of the next work cycle. The celebration is a highly cultural occasion and unifies the different Igbo communities together as they are essentially agrarian and dependent on yam.

Nkem Ndem is a PR Associate at Jumia Travel.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Travel/Tourism

Interest for Trump’s $5m Golden Visa Dwindles

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The latest analysis from Astons reveals that online search interest in Donald Trump’s US Gold Card has rapidly dwindled in the days following the President’s announcement, while interest in European Golden Visa programmes has remained steadfast.

The US President has announced plans to introduce a “Gold Card” visa scheme through which he hopes wealthy foreigners will invest at least $5m in the US economy in exchange for what Trump calls “Green Card privileges“.

Astons has analysed global Google search trend data* for terms related to Golden Visas in the days and weeks following Trump’s announcement and found that while there was an initial flurry in search interest, this quickly dwindled. And even at its peak,  it never surpassed the interest garnered by the Golden Visa programmes offered by Spain and Greece.

In the 10 days immediately following Trump’s Gold Card announcement, the online search interest score for the term ‘US golden visa’ averaged out at 27.90. Meanwhile, the term ‘US gold card’ scored 24.10, while ‘Trump golden visa’ scored 22.20.

During the same time frame, search interest in European Golden Visas was significantly stronger. ‘Spain golden visa’ scored 38.90, while interest in ‘Greece golden visa’ was scored at 36.50.

However, after this initial 10 days following the announcement, interest in Trump’s offering rapidly decline, as during the subsequent 10-day period,  search interest in ‘US gold card’ fell by -82.6%, interest in ‘Trump golden visa’ fell by -76.1%, and interest in ‘US golden visa’ fell by -55.6%.

At the same time, interest in European golden visa programmes remained steadfast.

In fact, interest in ‘Greece golden visa’ increased by +1.1%, while interest in ‘Spain golden visa’ remained unchanged at 38.90.

Astons Business Development Director and Head of Astons Cyprus Office, Denis Kravchenko, commented:

“Donald Trump’s plan to introduce what is essentially a residency by investment program that, apparently, provides a quick path for citizenship to the US has understandably generated a surge in interest and speculation. But the $5m price tag is likely going to be far too high to result in a large enough level of uptake for it to reduce the US’s national debt as it is intended to do.

It is also possible that this new programme could become more popular than America’s existing EB-5 visa programme which already offers green cards to those who are willing to invest between $800,000–$1m into the US economy, so doubts around investors now being willing to pay a substantially higher price for residency are well-founded.

Should Trump decide to scrap the EB-5, one of the world’s oldest residency by investment programmes having been introduced by President George H. W. Bush under the Immigration Act of 1990, it will be all the more surprising given that 2024 saw 5,000 applications for the programme, marking an annual uplift of 85%.

It remains unclear whether Trump’s program will offer any substantial advantages—such as expedited processing – currently, the EB-5 path to a green card takes between one and ten years depending on nationality with the absence of stringent background checks—to motivate investors to commit more funds.

Trump may face further challenges due to there being other countries in the world that offer far more accessible programmes. Investors can, for example, qualify for Maltese citizenship through exceptional naturalisation for an investment of around 1 million euros, for which an investor can obtain citizenship to an EU member state in an average of 1.5 years without the need for permanent relocation.

Then there are the multitude of European Golden Visa programmes that are also far more budget-friendly than Trump’s new initiative. Hungary launched a new residency program in summer 2024, requiring a minimum investment of at least 250,000 euros,  and Portugal’s offer starts at a minimum investment of 500,000 euros.

However, it’s Greece’s Golden Visa opportunities that are proving most popular of all,

Despite the entry investment threshold recently being raised, it is still possible to obtain residency by purchasing property for just 250,000 euros. Somewhat ironically, it’s young Americans who are driving the recent surge in demand for Greek Golden Visas which, in 2024, set a record, issuing 17,194 visas (based on 11 months of data).”

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Airbus Showcases Hydrogen Aircraft Technologies

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By Aduragbemi Omiyale

Airbus has provided an update on its roadmap to pioneer the future of commercial aviation in the decades to come, outlining plans to prepare a next-generation single-aisle aircraft that could enter service in the second half of the 2030s, as well as its revised ZEROe project roadmap to mature the technologies associated with hydrogen-powered flight.

This was at the 2025 Airbus Summit, where the firm reconfirmed its commitment to bringing to market a commercially viable hydrogen aircraft and presented some of the key technology building blocks that will enable the advent of a fully electric, fuel-cell powered commercial aircraft – a pathway which stands out as the most promising, following years of research into hydrogen aviation.

These technologies were notably showcased as part of a new, notional concept of a hydrogen aircraft powered by four, 2-megawatt electric propulsion engines, each driven by a fuel cell system that converts hydrogen and oxygen into electrical energy.

The four fuel cell systems would be supplied via two liquid hydrogen tanks. This concept will continue to be refined over the coming years as additional tests will help mature the technologies associated with hydrogen storage and distribution, as well as with the propulsion systems.

In 2023, Airbus successfully demonstrated a 1.2MW hydrogen-propulsion system, and in 2024, end-to-end testing of an integrated fuel cell stack, electric motors, gearboxes, inverters and heat exchangers was completed.

To address liquid hydrogen handling and distribution challenges in flight, Airbus, in collaboration with Air Liquide Advanced Technologies, has developed the Liquid Hydrogen BreadBoard (LH2BB) in Grenoble, France.

Integrated ground testing is planned for 2027 at the Electric Aircraft System Test House in Munich, combining the propulsive bench and hydrogen distribution system for comprehensive system validation.

“Hydrogen is at the heart of our commitment to decarbonise aviation. While we’ve adjusted our roadmap, our dedication to hydrogen-powered flight is unwavering.

“Just as we saw in the automotive sector, fully electric aircraft powered by hydrogen fuel cells have the potential in the longer term to revolutionise air transport for the better, complementing the sustainable aviation fuel pathway,” the Head of Future Programmes at Airbus, Bruno Fichefeux, stated.

“Over the last five years, we have explored multiple hydrogen-propulsion concepts, before down-selecting this fully electric concept. We are confident it could provide the necessary power density for a hydrogen-powered commercial aircraft and could evolve as we mature the technology.

“In the coming years, we will concentrate on advancing the storage, distribution and propulsion systems, while also advocating for the regulatory framework needed to ensure these aircraft can take flight,” the Head of the ZEROe Project at Airbus, Glenn Llewellyn, added.

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Trump Mulls Heavy Travel Ban on 43 Countries, Exempts Nigeria

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By Adedapo Adesanya

Nigeria was exempted from a provisional list of 43 countries that the United States, under the administration of President Donald Trump, is mulling a new travel ban for their citizens.

Business Post reports that out of the 43 countries, 22 of them are in Africa but Nigeria is so far exempted.

According to reports, the draft list featured 43 countries, divided into three categories of travel restrictions – red, orange, and yellow.

The red category of countries whose citizens would be completely barred from entering the United States includes Afghanistan, Bhutan, Cuba, Iran, Libya, North Korea, Somalia, Sudan, Syria, Venezuela and Yemen.

Another 10 countries in the orange category — Belarus, Eritrea, Haiti, Laos, Myanmar, Pakistan, Russia, Sierra Leone, South Sudan and Turkmenistan — would see their visas sharply restricted.

The New York Times reported that in these cases, affluent business travelers might be allowed to enter, but not people traveling on immigrant or tourist visas.

Citizens from countries on the orange list would also have to undergo in-person interviews to receive a visa.

Another 22 countries on a yellow list would have 60 days to address US concerns or risk being moved up to one of the more stringent categories.

“The officials, who spoke on the condition of anonymity to discuss the sensitive internal deliberations, cautioned that the list had been developed by the State Department several weeks ago, and that changes were likely by the time it reached the White House,” the New York Times said.

This is reminiscent of moves carried out by President Trump in his first stint as president, when he banned some Muslim majority counties like Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen — which ignited international outrage and led to domestic court rulings against it.

Iraq and Sudan were dropped from the list, but in 2018 the Supreme Court upheld a later version of the ban for the other nations — as well as North Korea and Venezuela.

Already, the US President has frozen the US refugee admission programme and almost all foreign aid.

Provisional Ban List 
Red list
Countries whose citizens would be completely barred from entering the United States include:

1. Afghanistan

2. Bhutan.

3. Cuba.

4. Iran

5. Libya

6. North Korea

7. Somalia

8. Sudan

9. Syria

10. Venezuela

11. Yemen

Orange list
Citizens from countries on the orange list would also have to undergo in-person interviews to receive a visa. These countries include:

12. Belarus
13. Eritrea
14. Haiti
15. Laos
16. Myanmar
17. Pakistan
18. Russia
19. Sierra Leone
20. South Sudan
21. Turkmenistan

Yellow List
They would have 60 days to address US concerns or risk being moved up to one of the more stringent categories. The following countries fall into that category:

22. Angola
23. Antigua and Barbuda
24. Benin
25. Burkina Faso
26. Cambodia
27. Cameroon
28. Cape Verde
29. Chad
30. Republic of Congo
31. Democratic Republic of Congo
32. Dominica
33. Equatorial Guinea
34. Gambia
35. Liberia
36. Malawi
37. Mali
38. Mauritania
39. St. Kitts and Nevis
40. St. Lucia
41. São Tomé and Príncipe
42. Vanuatu
43. Zimbabwe.

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