BoI Mobilises N250bn Development Bond as Institutional Demand Surges

The Bank of Industry Limited (BoI) has secured strong institutional demand for its maiden N250 billion Series 1 Fixed Rate Bond, with the offer oversubscribed within five working days. The development highlights the capacity of Nigeria’s domestic capital market to mobilise long-term funding for productive investment and economic development. The bond was issued through BoI... Read More

Africa News, Business, Featured

August 17, 2026

Nigeria to Commence Local Production of Armoured Vehicles, Anti-Drone Systems

Nigeria is set to commence local production of armoured vehicles, anti-drone systems and other specialised military equipment as part of efforts to strengthen the country’s defence manufacturing capacity and reduce dependence on imported hardware. The Chief Executive Officer of the Defence Industries Corporation of Nigeria–D7G (DICON-D7G), Osman Chennar, disclosed this while highlighting the outcome of... Read More

Africa News, Featured

August 17, 2026

Obasanjo Leads 100 Elderly Citizens on 2.5km Health Walk in Ogun

Former President Olusegun Obasanjo has urged elderly Nigerians to make regular physical exercise, particularly long-distance walking, part of their daily routine to promote healthy ageing and improve their quality of life. Obasanjo made the call over the weekend after leading about 100 elderly citizens on a 2.5-kilometre health walk through Abeokuta, Ogun State, as part... Read More

Africa News, community, Featured

August 15, 2026

U.S. Consulate Welcomes New Consul General in Lagos

The United States Consulate General in Lagos has announced the arrival of Brandon Hudspeth as its new Consul General, beginning a three-year tenure as the senior U.S. government representative in southern Nigeria. The announcement was contained in a statement issued on Friday by the Press Office of the Public Diplomacy Section of the U.S. Consulate... Read More

Africa News, Featured

August 14, 2026

China Pledges N40bn Grant to Support Nigeria’s Development Projects

ABUJA — The government of China has pledged RMB200 million (more than N40 billion) in grant assistance to Nigeria to support development projects and strengthen bilateral relations between both countries. The pledge was disclosed on Thursday when the Chinese Ambassador to Nigeria, Yu Dunhai, met with the Permanent Secretary of the Ministry of Foreign Affairs,... Read More

Africa News, Business, Featured, Nigeria News

August 14, 2026

Abuja Tremor Subsides, No Threat to Lives or Property — Geological Agency

ABUJA — The Nigerian Geological Survey Agency (NGSA) has assured residents of the Federal Capital Territory that the earth tremor recorded in parts of Abuja on August 4 has completely subsided, with no evidence of further seismic activity or threat to lives and property. The agency, however, called for stronger national capacity to monitor seismic... Read More

Africa News, community, Featured, Nigeria Capital, Nigeria News

August 14, 2026

CPC: Nigeria, US Intensify Talks to Address Religious Freedom, Security Concerns

Nigeria and the United States have intensified efforts to address Nigeria’s designation as a Country of Particular Concern (CPC), with both countries reviewing progress on religious freedom, accountability for perpetrators of violence and security cooperation. The development followed the second session of the US-Nigeria Joint Working Group held in Washington on Wednesday, co-hosted by US... Read More

Africa News, Featured

August 14, 2026

2027 Presidency: Makinde Names Ex-DSS Boss Daura as Running Mate

The presidential candidate of the Allied Peoples Movement, APM, and Oyo State Governor, Seyi Makinde, has picked former Director-General of the Department of State Services, DSS, Lawal Musa Daura, as his running mate for the 2027 presidential election. Makinde announced Daura’s selection on Thursday at the APM’s elective National Convention in Bauchi, where he also... Read More

Africa News, Featured, Politics

August 13, 2026

Nigeria Fails US Fiscal Transparency Test, Makes No Significant Progress — Report

ABUJA — Nigeria failed to meet the United States government’s minimum fiscal transparency requirements in 2025, according to the 2026 Fiscal Transparency Report released by the US Department of State. Nigeria was among 67 of the 140 governments assessed that failed to meet the minimum requirements for fiscal transparency during the review period covering January... Read More

Africa News, Featured, Finance, Nigeria News

August 13, 2026

Airports Reopen as Aviation Unions Suspend Picketing Nationwide

Normal flight operations have resumed at Nigeria’s major airports after aviation unions suspended their picketing of airline operators, easing disruptions that left hundreds of passengers stranded and delayed. Operations resumed on Wednesday at the Nnamdi Azikiwe International Airport, Abuja, and the Murtala Muhammed International Airport, Lagos, after unions called off the industrial action that disrupted... Read More

Africa News, Featured

BoI Mobilises N250bn Development Bond as Institutional Demand Surges

Nigeria to Commence Local Production of Armoured Vehicles, Anti-Drone Systems

Obasanjo Leads 100 Elderly Citizens on 2.5km Health Walk in Ogun

U.S. Consulate Welcomes New Consul General in Lagos

China Pledges N40bn Grant to Support Nigeria’s Development Projects

Abuja Tremor Subsides, No Threat to Lives or Property — Geological Agency

CPC: Nigeria, US Intensify Talks to Address Religious Freedom, Security Concerns

2027 Presidency: Makinde Names Ex-DSS Boss Daura as Running Mate

Nigeria Fails US Fiscal Transparency Test, Makes No Significant Progress — Report

Airports Reopen as Aviation Unions Suspend Picketing Nationwide

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