Nigeria
Furious contractors protest N4trn unpaid projects
Tension heightened in Abuja on Wednesday as members of the All Indigenous Contractors Association of Nigeria staged a massive protest at the Federal Ministry of Finance headquarters, demanding payment of over ₦4 trillion arrears for completed capital projects executed in 2024. The protesters, numbering in their hundreds, blocked the entrance to the Ministry, disrupting official […]
Nigeria slams rogue digital lenders with tough new rules
Nigeria has launched a decisive regulatory offensive against rogue digital lenders, introducing sweeping new rules to restore order and consumer confidence in the country’s fast-expanding online credit industry. The Federal Competition and Consumer Protection Commission (FCCPC) on Wednesday confirmed that the new regulations—enacted under Sections 17, 18, and 163 of the Federal Competition and Consumer […]
South Africa reliant on Nigeria for a staggering 70% of oil imports
South Africa imports more than 70 per cent of its crude oil from Nigeria, highlighting the West African nation’s critical role as a major energy supplier to the Southern African region. Acting High Commissioner and Consul General of the Republic of South Africa, Bobby Moroe, revealed this at the Outward Selling Mission Programme held in […]
Banks lead capital inflows amid reform drive
Nigeria’s banking sector has emerged as the leading driver of foreign capital inflows, attracting more than half of the total funds that entered the country in the first quarter of 2025, as sweeping reforms continue to boost investor confidence in Africa’s largest economy. According to the National Bureau of Statistics (NBS), Nigeria recorded $5.64 billion […]
BREAKING: US Approves Major Arms Sale To Nigeria
The United States(US) State Department has given the green light for a potential Foreign Military Sale to Nigeria, valued at approximately $346 million. This sale includes munitions, precision bombs, precision rockets, and related equipment, aimed at bolstering Nigeria’s military capabilities. he Foreign Military Sales (FMS) program is a crucial aspect of US foreign policy, enabling […]
CHAN 2024: Senegal Edge Nigeria to Begin Title Defense
Defending champions Senegal kicked off their 2024 African Nations Championship (CHAN) campaign with a hard-fought 1-0 victory over Nigeria in a tense Group D opener on Tuesday night in Zanzibar. Christian Gomis scored the decisive goal in the 75th minute to hand the Teranga Lions a winning start, in a match marked by flashes of […]
Banking Sector Records $3.1bn Foreign Investments in Q2
In a strong show of investor confidence, Nigeria’s banking sector attracted an impressive $3.13 billion in foreign capital inflows in the first quarter (Q1) of 2025, representing 55.44% of the total capital importation into the country, according to the latest data from the National Bureau of Statistics (NBS). The total capital importation into Nigeria during […]
Culture, Entertainment and Fanfare at 2025 Okaka Egungun Festival
The 2025 Egungun Festival in Okaka town in the Oke Ogun region of Oyo State, Nigeria has been hailed as a resounding success, with the Olokaka of Okaka land, His Royal Majesty Oba Abdul Azeez Olatunji Ayoola Ogelende IV, Gbadewolu I, charging indigenes to continue promoting their rich cultural heritage. In a grand ceremony attended […]
Congo Courts Nigeria’s Support for UNESCO Bid
Vice President Kashim Shettima has affirmed Nigeria’s commitment to strengthening diplomatic ties with the Republic of Congo, acknowledging the leadership of President Denis Sassou-Nguesso in promoting regional peace and stability, especially across Africa’s Great Lakes region. Acclrding to the statement released by Stanley Nkwocha, the Senior Special Assistant to the President on Media & Communications, […]
CAA U-18/U-20 Championships: Ezechukwu Leads Nigeria’s Sprint Sweep on Glorious Final Day
Nigeria asserted its dominance in youth athletics on the final day of the third edition of the CAA African U-18/U-20 Athletics Championships, with standout performances headlined by Miracle Ezechukwu and a sensational sweep of the girls’ 200m events. At a buzzing MKO Abiola Stadium in Abeokuta on Sunday, the host nation delivered a memorable finale, […]