Author: Ogochukwu Ndubuisi

Nigerian, Angolan, and Egyptian sovereign Eurobonds rallied in the international capital market, supported by enhanced optimism among foreign portfolio investors (FPIs).

Tinubu Okays Commercial Oil Drilling In Ogun Gov. Dapo Abiodun of Ogun says President Bola Tinubu has approved the commencement of commercial oil drilling at Eba in Ogun Waterside Local Government Area of the state. Abiodun disclosed this on Thursday in Abeokuta while receiving the Flag Officer Commanding, Western Naval Command, Rear Admiral Abubakar Mustapha and other senior officers in his office. He said the president had also approved the immediate take-off of the Olokola Deep Seaport project also in Ogun waterside local government area, bringing an end to years of delay surrounding the multibillion-dollar port. According to him, both…

Kogi Plans N50bn Sukuk To Fast-Track Airport, Market Projects Gov. Ahmed Ododo of Kogi on Thursday unveiled plans to raise a ₦50 billion sukuk bond to accelerate the state’s international airport and market projects. He said construction of the Kogi international airport and Lokoja international market would begin by March 2026. Ododo disclosed this at an investor engagement and market sensitisation forum held in Abuja. Represented by Commissioner for Finance, Mr Asiru Idris, the governor assured investors the sukuk would be asset-backed and strictly dedicated to infrastructure development. He said the bond aligned with Kogi’s 32-year development plan and was…

The Naira depreciated by N1.38 against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Thursday, closing the session at ₦1,422.07/$, according to daily FX update released by the Central Bank.

The Supreme Court has dismissed the trial of Major Hamza Al-Mustapha (rtd), the former Chief Security Officer (CSO) to the late Military Head of State, General Sani Abacha in the murder of late politician, Alhaja Kudirat Abiola.

11th Access Bank Lagos City Marathon Gets New Route Organisers of the Access Bank Lagos City Marathon (ABLCM) on Thursday announced a new race route for the landmark 11th edition, scheduled for Saturday, Feb. 14. This is disclosed in a statement by Kola Daniel, Media Assistant to the Director General D-G of National Sports Commission (NSC) Bukola Olopade in Lagos. Daniel disclosed that the Gold-label Marathon, which was set to enter an exciting new era in a first for Africa’s biggest road race. “The 42 km marathon will now start at ORCA Mall on Ahmadu Bello Way, Victoria Island, through…

MEMAN Seeks PIA-Driven Reforms to Boost Downstream The Major Energies Marketers Association of Nigeria (MEMAN) has urged the Federal Government to fast-track policy and structural reforms in the downstream petroleum sector. Mr Clement Isong, Executive Secretary, MEMAN, said in an interview with the News men on Thursday in Lagos that this would unlock investment, deepen competition and stabilise fuel distribution. He said that this would also align policies strictly with the Petroleum Industry Act (PIA) would deliver a transparent, efficient and investor-friendly market. Isong said MEMAN was pushing for reforms that guarantee a level playing field for all operators, strengthen…

Trump ‘Won’t Use Force’ to Take Greenland, Drops Tariff Threat U.S. President Donald Trump on Wednesday said he would not use force to take control of Greenland, before later dropping his threat to impose new tariffs on European nations over the dispute. Trump said he still wanted “immediate negotiations” over a U.S. acquisition of the Danish Arctic island, but talks with NATO Secretary General Mark Rutte appear to have further eased tensions. Trump hinted at a possible Greenland agreement, which might satisfy all parties. His speech at the World Economic Forum (WEF) in Davos was highly anticipated, and Trump withdrew…

U.S. Withdrawal From WHO, Loss for Everyone – Tedros Thursday marks one year since U.S. President Donald Trump ordered the country’s withdrawal from the World Health Organisation (WHO) just hours after taking office. According to an agreement between the U.S. and the Geneva-based UN agency, the withdrawal is due to take effect as of Thursday, after the U.S. has completed a mandatory one-year notice period. Theoretically, one of the conditions for withdrawal specified in the agreement has not been met, as the U.S. failed to pay its contributions in full as agreed. However, the WHO has no means of demanding…

EU Leaders to Discuss U.S. Plans for Greenland at Summit European Union leaders are due to meet on Thursday in Brussels to try to find a joint response to U.S. President Donald Trump over his aspirations for Greenland. He was due to impose an additional 10 per cent tariff on goods from several European allies from February 1, but changed his mind on Wednesday. Trump had said eight European countries would face higher tariffs until the United States secures what he described as the “complete and total purchase” of Danish-administered Greenland. On Wednesday, Trump said he would not use force…