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S&P Global Ratings raised Nigeria’s long-term sovereign credit rating to ‘B’ from ‘B-‘, citing three years of sustained structural adjustments. The American ratings agency affirmed the short-term outlook as stable. This decision follows similar upward revisions by Fitch Ratings and Moody’s Investors Service, signaling a broader recovery of international confidence in the management of the…
Sunday Adetunji, one of Nigerian club football’s most recognisable strikers, has formally switched international allegiance to Sudan, ending any realistic prospect of a return to the Super Eagles setup and marking a significant turn in a career that has taken him across four continents. The 26 year old forward, who currently plays for Al…
Nigerian nationals travelling to Rwanda will no longer require a visa, as Nigeria has activated a reciprocal 30-day visa exemption arrangement following a presidential announcement made at a continental business summit. The Nigeria Immigration Service (NIS) announced on Friday that it has completed all arrangements to implement the directive issued by President Bola Tinubu at…
India and the United Arab Emirates signed a series of major defence and energy pacts on Friday to shield their economies from the escalating US-Israeli war on Iran. Prime Minister Narendra Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi to formalise the agreements during a brief stopover. The diplomatic rush…
The Central Bank of Nigeria has launched a revised foreign exchange manual to boost dollar inflows and stabilise the volatile currency market. Deputy Governor Muhammad Abdullahi announced the new framework at a World Bank event in Abuja, stating that the guidelines will open all doors for foreign capital. The document updates market rules, cuts regulatory…
Stakeholders have warned that Nigeria requires approximately $100 billion in annual investment to address its staggering $2.3 trillion infrastructure deficit. This assessment was a focal point of the 2026 Infrastructure Dialogue held in Abuja, organized by Deutsche Partners Holding (DPH). Leaders from both the public and private sectors emphasized that traditional government funding, which currently…
Nigeria’s brief season of cooling prices has come to an abrupt end. The headline inflation rate rose to 15.69% in April, up from 15.38% in March. Data from the National Bureau of Statistics shows that the modest economic gains recorded during the first quarter are rapidly melting away. This unexpected reversal shatters local hopes that…
Manchester United defender Matthijs de Ligt will miss the Netherlands’ FIFA World Cup campaign after undergoing successful back surgery to correct an injury that has kept him sidelined since November 2025. The Dutch international, who had been one of United’s standout performers at the start of the season, is not expected to return to…
A Federal High Court sitting in Abuja has imposed a N1 million cost on a plaintiff seeking to legally bar former President Goodluck Jonathan from contesting the 2027 presidential election, after months of procedural negligence nearly derailed the case entirely. Justice Peter Lifu delivered the ruling on Friday, expressing clear frustration at the conduct…
Aliko Dangote has renewed his legal war against the Nigerian government over fuel imports. The billionaire’s 650,000-barrel-per-day refinery filed a fresh lawsuit at the Federal High Court in Lagos to nullify import permits granted to marketers and the state oil company. The legal challenge targets the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The regulator…
