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Africa’s expanding financial base, now estimated at more than $4 trillion, is not translating into jobs or industrial growth at the scale required, according to a new report by the Africa Finance Corporation, raising fresh concerns over how capital is deployed across the continent. The 2026 State of Africa’s Infrastructure report, titled “The…
The New Nigeria People’s Party (NNPP) will hold primaries for all elective positions on 26 May 2027. This timeline covers state assembly seats, governorships, national legislative posts, and the presidency. The party intends to use a consensus mode for these selections across all wards. It has already notified the Independent National Electoral Commission of this…
Nigeria’s failure to finance new large-scale power plants for over a decade has been traced to policy inconsistency and the abrupt dismantling of a once-functional investment framework, according to former Minister of Power, Barth Nnaji. Speaking at the 2026 conference of the Nigerian Association for Energy Economics in Lagos, Nnaji said the country had…
Strong investor appetite for banking and industrial equities pushed Nigeria’s stock market to a fresh record, extending a four-week rally that added over N5.5 trillion in market value. Trading data from the Nigerian Exchange Limited showed that gains across key large-cap stocks drove the All-Share Index higher by 4.0 per cent week-on-week to 225,406.05…
Nigeria’s aviation fuel market is facing renewed regulatory intervention as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) moves to stabilise rising costs affecting domestic airlines. A technical committee convened by the regulator on April 24, 2026, has recommended that Jet-A1, commonly known as aviation fuel, should be sold within a price band…
Fresh controversy has emerged over the scale of funds allegedly recovered from the residence of businesswoman Aisha Achimugu, as she publicly disputes claims linking her to $13 million in cash during an operation by the Economic and Financial Crimes Commission. Speaking on Channels Television on Monday, Achimugu maintained that while her home was indeed…
A deadly highway bombing in southwestern Colombia has intensified security concerns ahead of next month’s presidential election, with authorities confirming 21 fatalities and dozens injured in what is now described as one of the worst civilian attacks in decades. The explosion, which occurred on Saturday in Cauca department, targeted a major road linking Cali…
West African football will take centre stage in 2027 following confirmation that Ghana has secured hosting rights for the CAF U-20 Africa Cup of Nations, a key development competition on the African football calendar. The announcement was disclosed by the Ghana Football Association in a statement published on its official X platform on Monday,…
A delicate diplomatic mission is underway in Washington as King Charles III arrived in the United States on Monday for a four-day state visit shaped by geopolitical tensions, security concerns, and efforts to stabilise strained transatlantic relations. The British monarch, accompanied by Queen Camilla, landed at Joint Base Andrews, Maryland, marking his first official…
Jury selection has begun in a closely watched US court case that places Elon Musk and Sam Altman at the centre of a legal dispute over the original purpose of OpenAI and its evolution into a commercial powerhouse. Proceedings taking place near San Francisco mark the formal start of a trial driven by Musk’s…
