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Nigeria Sees Surge in Foreign Capital Inflows in 2025

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Nigeria experienced a significant increase in foreign capital inflows in 2025, receiving a total of $20.98 billion during the first ten months of the year, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso reported. The inflows mark a 70% rise compared to the total recorded in 2024 and a remarkable 428% increase from the $3.9 billion recorded in 2023.

Governor Cardoso revealed the figures at the 60th Annual Bankers’ Dinner, attributing the surge to improved macroeconomic management, reforms in the foreign exchange market, and enhanced transparency within the country’s financial system. According to him, these developments have renewed investor confidence in Nigerian assets, making the country a more attractive destination for foreign capital.

While the National Bureau of Statistics (NBS) has released only the first-quarter capital importation data, the figures indicate that Nigeria attracted $5.6 billion in the initial three months of 2025. Analysts suggest that the consistent inflows throughout the year underscore growing international confidence in the nation’s economic stability and policy framework.

The increase in foreign investment is expected to support domestic economic growth, bolster foreign exchange reserves, and provide liquidity for critical sectors, further reinforcing Nigeria’s position as a key investment destination in Africa.

FG Vows to Prosecute Nigerian Banks and Firms Involved in Terrorism Financing

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The Federal Government of Nigeria has pledged strict action against banks and corporate entities found collaborating with terrorist groups through financial transactions.

In a statement released on Friday, the government emphasized that institutions facilitating, knowingly or unknowingly, the funding of terrorism would face legal prosecution under existing anti-money laundering and counter-terrorism financing laws.

The move follows intelligence reports suggesting that certain financial institutions and companies have been used to channel funds to extremist groups operating within and beyond Nigeria’s borders. The government described such collaborations as a direct threat to national security and vowed to hold offenders accountable.

Authorities indicated that investigations are ongoing in partnership with regulatory bodies including the Central Bank of Nigeria (CBN) and the Nigerian Financial Intelligence Unit (NFIU). Officials stressed that firms failing to comply with due diligence and anti-terrorism financing protocols would be subject to criminal charges, sanctions, and possible closure.

The FG also called on citizens and corporate stakeholders to remain vigilant and report suspicious transactions that may support terrorist activities. “The safety of Nigerians and the integrity of our financial system is paramount,” the statement said.

Legal experts believe this step signals a zero-tolerance approach toward financial complicity in terrorism and could have wide-ranging implications for compliance practices across Nigeria’s banking and corporate sectors.

 

Fuji Icon King Saheed Osupa Steals the Spotlight at DJ OP Dot’s Mainland Homecoming Concert

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DJ OP Dot’s Mainland Homecoming event delivered the high energy and star power it promised, but the most striking moment of the night unfolded behind the scenes. A circulating clip from the concert shows the DJ introducing his mother to Fuji icon Saheed Osupa, fulfilling a promise he had made to bring her favourite artist to the stage. The meeting, simple in form, became the emotional centre of the evening.

Backstage, the exchange was warm and immediate. The DJ’s mother, visibly moved, told Osupa she had attended his shows for years, recalling performances as far back as 2012 and another in Ijebu-Ife, where she now lives. The brief conversation, grounded in personal history, transformed an ordinary meet-and-greet into a full-circle family moment witnessed not only by those present but later by thousands online.

Osupa was the sole Fuji act on a lineup filled with Afrobeats and street-pop performers including Oritse Femi, Slimcase and Candy Bleakz. Despite that contrast, his performance commanded the room. His phrasing, call-and-response exchanges and control of the audience gave the set the feel of a masterclass. In a night shaped by contemporary hits, he delivered a reminder of Fuji’s long influence on Nigeria’s musical landscape.

For many younger attendees, his showing offered a clear sense of the lineage that underpins parts of today’s popular sound. His ability to stand as the lone representative of his genre and still dominate the night underscored both his longevity and the staying power of Fuji.

For DJ OP Dot, the moment carried an added layer of meaning. Bringing his mother face to face with the artist whose music shaped her memories turned a successful concert into something more personal. It was a homecoming marked not only by strong performances but by a promise kept.

As the show closed, the headlines were straightforward: the concert delivered, the lineup held its weight and Saheed Osupa reaffirmed his place as a Lagos heavyweight. Yet the lasting image remains the backstage meeting between a mother, her son and the legend whose music bridged generations.

Barau Jibrin Urges Security Agencies to Intensify Operations After Bandit Attack in Kano Community

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Deputy President of the Senate, Barau Jibrin, has called on security agencies to step up operations against bandits in the wake of an attack on Yankamaye village in Tsanyawa Local Government Area of Kano State. The assault, which occurred late Monday, reportedly left one woman dead and three residents abducted.

In a statement issued by his media aide, Ismail Mudashir, Barau described the incident as a troubling reminder of the evolving security pressures in parts of the North. He urged security operatives to take immediate and decisive measures to rescue the kidnapped victims and prevent further incursions into rural communities.

Barau expressed particular concern about what he termed the rising infiltration of criminal groups from neighbouring states. He said such movements demand stronger intelligence gathering, coordinated patrols and firm inter-agency collaboration to keep border communities safe.

He called on local authorities and community leaders to continue supporting security personnel with accurate information, noting that timely reporting remains vital to preventing attacks.

The Deputy Senate President reassured residents of Tsanyawa and adjoining areas of ongoing legislative support for policies aimed at improving rural security and strengthening the capacity of security agencies across the region.

Ghana, Burkina Faso Sign Free-Roaming Agreement for Cross-Border Calls

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Ghana and Burkina Faso have concluded a new telecommunications agreement that allows citizens travelling between the two countries to receive calls at no cost. The arrangement, announced on Tuesday by regulatory authorities in Accra and Ouagadougou, is intended to reduce communication barriers for cross-border travellers and support regional integration.

The agreement is part of a broader framework adopted by the Economic Community of West African States to harmonise roaming charges across the region. Under the new terms, subscribers from both nations will incur no incoming call fees while roaming, while outgoing calls will be billed at reduced rates set by participating network operators.

Ghana has implemented similar free-roaming arrangements with Togo, Côte d’Ivoire, Benin and The Gambia. Officials say these agreements have eased travel for business owners, transport operators and tourists, and have encouraged closer economic cooperation among neighbouring states.

Telecommunications regulators from both countries noted that the initiative aims to make communication more affordable and predictable, especially for border communities that rely on regular cross-country contact. Further discussions are expected to extend the scheme to data services and text messaging as operators upgrade their networks to meet regional standards.

Authorities described the development as another step toward a unified West African communications market and a practical contribution to economic mobility within the sub-region.

Netanyahu Requests Presidential Pardon as Corruption Trial Drags On

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Israeli Prime Minister Benjamin Netanyahu has formally asked President Isaac Herzog to grant him a pardon from ongoing corruption charges that have stretched into one of the longest and most contentious trials in the country’s political history. The request, confirmed by officials in Jerusalem on Tuesday, marks a significant escalation in a legal and political battle that has dominated national discourse for years.

Netanyahu is standing trial on several charges, including bribery, fraud and breach of trust. The cases centre on allegations that he accepted gifts such as cigars, champagne and other expensive items from wealthy associates in exchange for political favours. Prosecutors also accuse him of attempting to secure favourable media coverage through regulatory concessions.

The prime minister has repeatedly denied wrongdoing, describing the cases as politically motivated and insisting that he is the target of a campaign to remove him from office through the courts. His defence team argues that the charges do not meet the legal threshold for criminal intent and that the gifts he received were tokens exchanged within long-standing personal relationships.

The pardon request places President Herzog in a difficult position, as any decision is likely to deepen political divisions within Israel. A presidential pardon would halt the trial, while rejection of the request would leave Netanyahu to continue his defence in court.

Legal analysts note that pardons for serving prime ministers are rare and raise constitutional questions about the balance between executive authority and judicial independence. The President’s office has not indicated when a decision will be made.

The development comes at a time of heightened public tension, with protests and counter-protests regularly staged around Netanyahu’s legal troubles. His political future now hinges partly on the presidency’s response and partly on the pace of a trial that has already reshaped Israel’s political landscape.

Peter Obi Accuses ECOWAS of Double Standards Over Guinea-Bissau ‘Coup Glitch’

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The 2023 presidential candidate of the Labour Party, Peter Obi, has accused the Economic Community of West African States of applying inconsistent standards in its response to recent political unrest in Guinea-Bissau. Obi made the remarks on Tuesday while commenting on the confusion that followed reports of an attempted coup in the West African nation.

The incident, described by authorities in Bissau as an institutional breakdown involving elements of the National Guard, prompted swift public statements from ECOWAS condemning what it viewed as a threat to the country’s constitutional order. The organisation reiterated its zero-tolerance position on unconstitutional changes of government.

Obi argued that ECOWAS reacted with unusual haste despite what he called unclear circumstances surrounding the episode. He said the organisation’s strong statement contrasted with its more cautious approach to other instances of political tension and alleged democratic breaches within the region. According to him, such inconsistency undermines ECOWAS’s authority and raises questions about its commitment to safeguarding democratic norms.

He noted that West Africa is facing a period of significant political fragility, with several member states contending with coups, disputed elections and public distrust in civilian administrations. In his view, the regional bloc must demonstrate fairness and steadiness if it hopes to restore confidence in its role as a guardian of constitutional order.

Obi urged ECOWAS to adopt clearer guidelines for responding to political disruptions and to ensure that its interventions reflect even-handed judgement rather than selective urgency. He added that stability in Guinea-Bissau and across the sub-region will depend on transparent processes, respect for institutions and consistent regional leadership.

Tinubu’s Ambassadorial Nominations Mere Political Settlement, ADC Declares

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Says Yakubu’s Appointment Undermines INEC’s Credibility
HURIWA Describes Nomination of Sycophants as Unfortunate and Disgraceful

The African Democratic Congress has criticized President Bola Tinubu’s latest list of ambassadorial nominees, describing the selections as a political settlement rather than a merit-based exercise. The party released its position on Tuesday after the Presidency forwarded a new batch of nominees to the Senate for screening.

According to the ADC, the nominations send the wrong signal about the standards expected for Nigeria’s foreign service. The party argued that ambassadorial roles require competence, continuity and a professional understanding of diplomacy. It claimed that several individuals on the list were rewarded for political loyalty rather than expertise, which it warned would weaken Nigeria’s external representation at a time of significant global and regional challenges.

The ADC also raised objections to the inclusion of former National Youth Service Corps Director General, Brigadier General Shuaibu Ibrahim Yakubu (retired). The party stated that appointing Yakubu at a time when the credibility of electoral institutions is under public scrutiny may aggravate doubts surrounding the independence of the Independent National Electoral Commission. The statement noted that recent controversies around elections demand careful appointments that reinforce public trust rather than diminish it.

The Human Rights Writers Association of Nigeria issued a separate statement criticizing the nominations. The group said the list reflected what it called a growing pattern of rewarding sycophancy in public appointments. It described the development as unfortunate and disgraceful, insisting that Nigeria’s diplomatic missions deserve individuals with proven competence, strong ethical standards and an understanding of national priorities.

HURIWA added that Nigeria’s foreign relations require stable leadership anchored on professionalism. The group urged the Senate to scrutinize the nominations thoroughly and ensure that only individuals with clear qualifications are confirmed.

Both organizations called on the Federal Government to prioritize national interest above political considerations, arguing that ambassadorial postings should strengthen Nigeria’s international standing rather than reflect internal party arrangements.

NRC, Southwest Development Commission to Revive Osogbo–Dagbolu–Erunmu, Idogo Railway Lines

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The Nigerian Railway Corporation (NRC) has announced plans to partner with the Southwest Development Commission (SWDC) to reactivate two strategic railway corridors — the Osogbo–Dagbolu–Erunmu line and the Idogo line.

The collaboration was disclosed in a statement posted on the NRC’s official X account on Thursday. According to the corporation, the revived routes will primarily support freight operations, enabling the movement of agricultural produce from southwestern towns to major markets in Lagos, while facilitating the return of consumer goods to interior communities.

SWDC Managing Director, Charles Diji Akinola, said the commission is giving priority to the revitalisation of these lines because of their critical role in boosting regional trade and strengthening food supply chains. He noted that rail connectivity remains central to the economic revitalisation of the six states of the Southwest.

Akinola added that the commission’s rail development agenda is structured into short-, medium-, and long-term phases. In the immediate term, the SWDC plans to take over select unserviced routes and run them on a profit-sharing arrangement with the NRC, supported by targeted subsidies that will assist local farmers and stimulate agricultural production.

“The SWDC Managing Director, Charles Diji Akinola, had earlier said the Commission was fired by the extensive work of DAWN in the area of infrastructure and rail transportation development in the six states of the southwest, adding that regional rail connectivity is key to the economic revitalisation of the southwest.

“While noting that the commission’s rail infrastructure development is divided into short, medium and long term, Akinola said on the short term, SWDC seeks to have some old unserviced routes in the southwest ceded to it to operate on profit sharing basis.

“In particular, Akinola said the commission is interested in reactivating the Osogbo-Dagbolu-Erunmu route, while the Idogo route would also be key in ensuring food security,” the NRC statement read in part.

The NRC said further details on timelines and implementation plans will be announced as discussions progress.