Nigeria Records N12.59trn Trade Surplus in Q2 2026, Says NBS
By: Tunji Okunlola Nigeria’s merchandise trade surplus surged to N12.59 trillion in the second quarter of 2026, according to new figures from the National Bureau of Statistics (NBS), as export earnings continued to outpace the country’s import bill by a wide margin. Key FiguresIn its Foreign Trade in Goods Statistics report released on Monday, the…
IGP Disu Inspects 23 Police Barracks Nationwide Over Officers’ Welfare
By: Ganiyu Olayinka Inspector-General of Police Olatunji Disu has toured 23 police barracks across the country to assess the living conditions of officers and their families. The inspection focused on residential quarters and other welfare facilities. During the visits, the IGP engaged with personnel and residents to pinpoint infrastructure gaps and identify areas in need…
Jonathan Bids Farewell to Koroma as Former Sierra Leonean President Returns Home
By: Tunji Okunlola Former President Goodluck Jonathan has bid farewell to former Sierra Leonean President Ernest Bai Koroma, who is returning to his country after spending more than two years in Nigeria. Jonathan announced this in a statement on Sunday, referring to Koroma as his “dear friend and brother.” He said Nigeria had been a…
FG Moves to Disburse CVFF After Two Decades of Delay
By: Ganiyu Olayinka The Federal Government has taken concrete steps to release the long-delayed Cabotage Vessel Financing Fund (CVFF) to Nigerian shipowners, more than 20 years after the scheme was established. The Minister of Marine and Blue Economy, Adegboyega Oyetola, has instructed lenders to speed up the processing of pending applications. Oyetola directed the Nigerian…
Dangote Refinery Launches Africa’s Biggest-Ever IPO, Targeting ₦2 Trillion
By: Tunji Okunlola The Dangote Petroleum Refinery has officially opened what is being billed as the largest initial public offering (IPO) in African history, with the company targeting just over ₦2 trillion in proceeds at ₦525 per share. The announcement came via a 10-part thread posted Sunday on X by Dangote Group’s official account, outlining…
Inside EFCC’s 34-Month War on Corruption and Cybercrime
By: Ganiyu Olayinka On assuming office nearly three years ago, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, promised to do things differently. He assured Nigerians of his readiness to fight financial crimes and other forms of fraud without fear or favour. About 34 months into his tenure, Olukoyede says…
Nigeria’s Syndicated Loan Exposure Surges 21-Fold to $2.86bn
By: Tunji Okunlola Nigeria’s outstanding syndicated loans climbed by $2.73bn over a single year, an increase of more than 21 times, as the Federal Government leaned more heavily on commercial financing to fund infrastructure projects, according to an analysis of Debt Management Office figures by ClarityNewsNg. The loan stock grew from $133.66m in March 2025…
The World Finally Gets Africa’s Size Right
By: Tunji Okunlola Left: Africa on the traditional world map based on the Mercator projection, and on the Right: on the 2018 Equal Earth map. Composite: equal-earth.com, Getty Images via Guardian For generations, the world’s most familiar map has done Africa a disservice by flattening the continent’s true scale despite its vast landmass. That distortion…
Arsenal close in on Andria Bartishvili transfer after medical
By: Ganiyu Olayinka Arsenal are closing in on the signing of Georgian teenager Andria Bartishvili after the highly rated youngster successfully completed his medical ahead of the proposed move to north London. The Gunners are expected to finalise the transfer this weekend after beating off competition from Liverpool and a number of prominent European clubs…
IEA says Nigeria’s Energy Investment Could Double In Five Years
By: Tunji Okunlola Nigeria could see its energy investment double within the next five years, following the country’s admission as an associate member of the International Energy Agency (IEA), according to the agency’s Executive Director, Fatih Birol. Birol said the new relationship with the Paris-based energy watchdog would help Nigeria draw fresh investment, deepen technical…