Author: Ogochukwu Ndubuisi

EU to Hold Emergency Summit over Trump’s Greenland Threats European Commission spokesperson Olof Gill on Monday said Leaders of EU countries will hold an emergency summit on Thursday to discuss U.S. threats related to Greenland. The summit will assess possible retaliatory measures in response to threatened tariffs imposed by U.S. President Donald Trump on countries that oppose his plan to “acquire” Greenland. Gill said the EU continues to engage “at all levels” with Washington over its new tariff threats and is taking “every possible step” to protect the bloc’s economic interests. He added that the use of the anti-coercion instrument…

FIFA to Establish Regional Development Office in South Africa Football’s global governing body FIFA is to establish a fully supported regional development office in Johannesburg, South Africa’s largest city. In a statement released on Sunday, South Africa’s Department of Sport, Arts and Culture (DSAC) said the agreement was concluded with FIFA President Gianni Infantino on the sidelines of the 2025 Africa Cup of Nations final in Morocco’s capital Rabat. Under the agreement, South Africa will facilitate FIFA’s administrative and operational activities in the country, while FIFA will fund and staff the office, which will serve South Africa and neighboring countries…

AFCON Brilliance Lifts Super Eagles to 26th in FIFA Ranking Nigeria’s Super Eagles have surged to 26th position in the latest FIFA World Ranking released on Monday, recording a remarkable 12-place jump. The Eagles climbed from 38th following an impressive outing at the 2025 Africa Cup of Nations (AFCON) in Morocco, where they finished third overall. Nigeria is now the third-best team in Africa, behind AFCON finalists Senegal, ranked 12th globally, and Morocco, placed eighth in the world. Algeria and Egypt, both eliminated by Nigeria at the tournament, occupy fourth and fifth positions respectively on the African ranking. The Eagles…

Heirs Insurance Hackathon Opens Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, calls for applications for the maiden edition of the Heirs Insurance Hackathon, a technology-driven innovation programme designed to empower young students shape the future of insurance through Artificial Intelligence and digital solutions. The Hackathon is open only to students in universities, polytechnics, and other tertiary institutions to build solutions for real-world challenges across the insurance value chain, from customer experience and claims processing to underwriting, distribution, data, and operational efficiency. Registration closes on February 16, 2026, with winning teams to be announced at the Hackathon Grand Finale in…

Nigeria–UAE Trade Pact Will Accelerate Non-Oil Growth -TSF The Tinubu Stakeholders Forum (TSF) says the signing of the Nigeria–United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) will strengthen Nigeria’s non-oil sector. This is contained in a statement jointly signed by TSF Chairman, Ahmad Sajoh, and Secretary, Danjuma Sada, on Monday in Abuja. The forum said the agreement aligns with President Bola Tinubu’s Renewed Hope Agenda by prioritising export diversification, private-sector growth and sustainable job creation. Under the CEPA, TSF noted that 7,315 Nigerian products will enjoy preferential, duty-free access to the UAE market. It said 2,805 products, representing 38.3 per…

Shettima to Present Nigeria’s 2026 Economic Outlook at 56th WEF Vice-President Kashim Shettima will present Nigeria’s 2026 economic outlook at the 56th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland. Mr Stanley Nkwocha, Senior Special Assistant on Media and Communications to the Vice-President, said this in a statement on Sunday. Nkwocha added that Shettima has arrived in Davos to lead the Nigerian delegation at the annual global economic forum. On arrival, the Vice-President was received by Foreign Affairs Minister Amb. Yussuf Tuggar, Trade and Investment Minister Dr Jumoke Oduwole, and Nigerian mission officials. Nkwocha said Shettima will…

AFCON 2025: Morocco’s Díaz Clinches Golden Boot Award Morocco forward Brahim Díaz has won the Puma Golden Boot at the CAF Africa Cup of Nations Morocco 2025. Playing before home fans, the Atlas Lions attacker topped the scoring chart, underlining his influence after also finishing top scorer in the AFCON 2025 qualifiers. Díaz ended the tournament with five goals, a tally unmatched by any other player despite Morocco’s eventual defeat in the final. He scored in every phase, opening against Comoros, netting versus Mali, and striking twice against Zambia during the group stage The Real Madrid forward continued his run…

FG Denies Siting Gold Refinery in Lagos The Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum (NEF) that the Federal Government sited a gold refinery in Lagos in violation of the federal character principle. It said the allegations contained in a statement signed by the Northern Elders Forum (NEF) spokesperson, Prof. Abubakar Jiddere, were not true and misleading. In a statement on Sunday in Abuja, Mr Segun Tomori, Special Assistant to the Minister of Solid Minerals Development, Dr Dele Alake, said the minister had not made any such announcement. “There was nowhere in the…

CBN to Open N1.15trn Treasury Bills for Subscription The Central Bank of Nigeria (CBN) is anticipated to open N1.15 trillion worth of Nigerian Treasury bills for investors’ subscription on Wednesday, two weeks after the market opened with the first offer. The auction will feature Treasury bills across standard tenors, including 91-day, 182-day and 364-day tenors. Analysts expect the auction to be oversubscribed given ample liquidity in the financial system. Last week, the treasury bills market experienced a volatile and negative sentiment, despite ample liquidity surplus. The treasury bills market opened the week on a mixed note, with sell pressure concentrated…

Nigerian Top 5 Banks’ Valuation Increases to N12 Trillion GTCO, Zenith, and other top big Nigerian banks’ combined market value climbed to N12 trillion at the close of the trading session on Friday, according to data obtained from the Nigerian Exchange. The tier-1 lenders have seen significant re-rating supported by recapitalisation exercises, which have triggered a surge in their respective shares outstanding in the local bourse. Their post-capital-raise trading activities have boosted their re-rating by more than 100%, according to trading data tracked and reported by MarketForces Africa. The top five banks in Nigeria had a worth of less than…