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…
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…
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…
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…
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…
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…
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…
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…
By: Tunji Okunlola Lere Olayinka, media aide to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has rejected claims that the minister acted treacherously by backing President Bola Tinubu for the 2027 presidential election. Olayinka said Wike had openly declared his support for Tinubu long before the Peoples Democratic Party (PDP) produced its…
By: Tunji Okunlola The National Sports Commission (NSC) is set to put forward names for an eight-member Normalisation Committee to FIFA, but the world football governing body will carry out extensive background checks on the nominees before determining who will lead the committee, The Guardian has learnt. NSC Chairman Shehu Dikko recently led a delegation…
