Nigeria

Investors have committed $400 million towards a planned initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE. This funding is being raised for the expansion of the facility, which operates as the continent’s largest crude oil processing plant.

Nigeria’s central bank broadened participation in Open Market Operations. This widening of access allows all eligible investors, including individuals, corporates, and non-bank financial institutions, to participate in the purchase and trading of securities.

Authorities reported a gunbattle between Nigerian security forces and rebels in Kebbi state's Sakaba council area. The clash killed 10 police officers, two civilians, and 17 rebels; additionally, two police officers sustained injuries.

The article discusses how a made-up agency was allocated inclusion within Nigeria's budget. Furthermore, an alleged head of a fictional investment council received government funding and met with top officials.

Over 300 kidnap victims were freed by Nigerian forces in Ilorin, Kwara state, including 163 Nigerians rescued from jihadi captivity after six months of suffering. The freed captives, who included women and children, spoke about the trauma they endured, recalling days without food and witnessing death.

Nigeria’s President Bola Tinubu approved a 30-80% salary increase for 250,000 soldiers starting September 1, raising the defense budget to N924 billion. Cameroon’s 93-year-old President Paul Biya conducted a cabinet reshuffle while in Geneva.

Nigeria’s upstream petroleum regulator approved over $57 billion in oil and gas development plans since 2024. The country is preparing for 22 major offshore projects expected to attract $30 billion to $50 billion in investments between 2026 and 2030.

The Economic and Financial Crimes Commission (EFCC) froze the salary account of Nigeria's Osun State days before the August 15 governorship election. Governor Ademola Adeleke accused the agency of planning the freeze ahead of the election.

Ex-Minister Mamman was sentenced to 75 years in prison following a corruption trial. The case has drawn attention to how public officers' conduct in office exacerbates Nigeria's power crisis.

Ex-minister Mamman was sentenced to 75 years in prison following a corruption trial, highlighting concerns about public officers' conduct exacerbating Nigeria's power crisis.

The US has made permanent a visa bond program requiring citizens from 50 countries, including 30 in Africa, to post bonds for tourist and business visas. The program, which initially allowed bonds of $5,000–$15,000, now permits up to $20,000 and eliminates the $5,000 tier. The State Department claims it reduced overstays to near zero, but critics argue it imposes financial burdens, with visa issuances from affected countries dropping by 83%.

Troops in Nigeria arrested 19 suspects during a raid in Plateau State following an ambush that killed two security operatives and resulted in the theft of their service rifles. Security forces are intensifying efforts to identify those responsible for the attack.

Nigerian police arrested two suspects linked to the abduction of three military recruits in Zamfara. One suspect provided 'useful disclosures' about the July abduction of the recruits, who graduated from Kebbi State.

A coup suspect in Nigeria disclosed to interrogators details about his alleged role in recruiting financiers for a 2025 coup plot, including private discussions, doubts, and reflections on the failed attempt. The report is part of Premium Times' exclusive series on the alleged coup.

Femi Fani-Kayode's article addresses Minister Tshaveni, asserting that Nigeria is a nation of resilient and hardworking people with a noble heritage, rejecting stereotypes of drug dealing. The piece emphasizes historical pride and national identity.

Nigeria's National Economic Council has approved Project Gazelle 2, a US$4.5 billion oil-backed refinancing of the 2023 deal, unlocking US$3 billion in liquidity. The project aims to provide liquidity through oil-backed financing.

Nigeria is set to lose over 50% of UK aid as the U.S. and Europe reduce their foreign assistance. The UK's allocation to Nigeria is projected to fall to £68m by 2029.

At least 21 people are feared dead and 37 others abducted after heavily armed terrorists attacked Tsamaye community in Sabon Birni Local Government Area of Sokoto State, Nigeria.

Donald Duke, a presidential candidate of the Peoples Redemption Party (PRP), warned that Nigeria could face a deeper crisis within four years if its political and economic trajectory is not reversed.

The Safe Schools Initiative in Nigeria is failing because communities outside school grounds remain unsafe. Addressing security beyond school premises is essential for the initiative's success.

The Kaiama Development Association (KDA) is challenging the Kwara State Police Command over discrepancies in the reported number of residents abducted during a February 3 terrorist attack on Woro community, urging authorities to rescue victims.

The Central Bank of Nigeria (CBN) has noted an increase in the country's foreign reserves, attributing this to renewed investor confidence and sustained capital inflows.

Nigeria, DR Congo, and other African nations spend millions on Washington-based lobbying groups with connections to President Trump, achieving favorable outcomes. These efforts highlight the influence of U.S. lobbying in shaping political and economic relations with African leaders.

Nigeria has ordered all federal ministries, departments, and agencies to appoint Data Protection Officers following a service-wide circular dated 7 November 2022. President Bola Ahmed Tinubu signed the Nigeria Data Protection Act into law on 12 June 2023, replacing the earlier 2019 version.

The article discusses the ongoing feud between Olusegun Obasanjo and Atiku Abubakar ahead of Nigeria's 2027 general elections. It highlights the need for a truce between the two former leaders, who previously held Nigeria's central offices.

A person began selling feet and received a $400 mobile deposit, which was later frozen. The customer is threatening them, showing a video of a shooting involving Nigerian people, and demanding Apple gift cards to return the money.

Nigerian police have detained four officers accused of forcing a man into a vehicle boot. The incident highlights ongoing issues of police brutality and unprofessional conduct despite existing sanctions.

The article questions Nigeria's infrastructural readiness to receive and distribute gas to consumers, challenging the author to address this issue beyond grand pipeline and hub visions. Readers demand an examination of whether the country is prepared for gas delivery and distribution.

Nigerian judge Faruku Hassan Bunza, kidnapped from his home in Bunza town by unidentified gunmen on July 26, was freed on August 3, according to police. The release occurred amid common criminal kidnappings in Nigeria for ransom, though details of the operation and the attackers' status remain unclear.

Nigeria approved a $4.5 billion loan arrangement with its state-owned energy firm, NNPC, to strengthen foreign-exchange reserves and fund government infrastructure projects.

Governor Diri mourns former minister Turner Isoun, stating the Ijaw nation has lost a father. He highlighted Isoun's contributions to Nigeria's information and communications technology sector during his tenure as minister.

Nigeria has established crypto tax collection rules outlining how existing tax obligations apply to cryptocurrency disposals and rewards. The framework requires some withheld tax amounts to be paid in the originating digital token.

UNICEF highlights breastfeeding as the most effective investment in child survival, noting that while over 90% of Nigerian mothers breastfeed, optimal practices remain below national and global targets. Juliet Chiluwe, head of UNICEF's Enugu Field Office, raised concerns about suboptimal breastfeeding rates in Nigeria.

Nigerian troops uncovered a shallow grave and exhumed the remains of a late community leader following intelligence-driven operations that led to the arrest of suspects responsible for the killing of a Nigerian soldier and recovery of stolen service weapons.

The Seplat CEO asserts Nigeria's potential to lead global energy security by enhancing infrastructure, securing supply routes, and increasing product delivery. The statement emphasizes improving uptime and expanding gas infrastructure to meet international energy demands.

The Australian High Commission in Nigeria congratulated Team Nigeria for being Africa's highest-ranked nation at the Glasgow 2026 Commonwealth Games, where they finished seventh on the final medals table.

The Kano Assembly passed the Kano State Private and Voluntary Institutions Board (Amendment) Bill, 2026, aimed at regulating private school fees and preventing arbitrary increases. The legislation seeks to enhance oversight of private schools and protect parents from unfair financial practices.

A kidnapped High Court Judge from Kebbi, Nigeria, has been released. The release was confirmed by the police, his family, and the State Ministry of Justice.

The article discusses the importance of trust in the growing digital finance sector in Nigeria, highlighting OPay's focus on earning user trust through innovation. It emphasizes that trust is essential for success in this industry.

First HoldCo Plc plans to raise 1.4 trillion naira ($1 billion) through a share sale after receiving approval from the Central Bank of Nigeria. The move involves shares held by a bridge firm and is the first such effort by the nation’s largest lender.