Nigeria has officially overtaken Egypt and South Africa to claim the title of Africa’s strongest naval fleet, according to the 2026 Global Firepower (GFP) report released on February 3, 2026. The analytical review, which evaluates the conventional war-fighting capabilities of 145 modern armed forces, ranks the Nigerian Navy 22nd globally, a position that reflects nearly […]
President Bola Ahmed Tinubu has stated that the Nigerian government will maintain its current trajectory of economic reforms, emphasizing that there will be no reversal of the policies initiated since mid-2023. The President made these remarks on February 3, 2026, during a high-level meeting at the State House in Abuja with a delegation from the […]
The Sokoto State Government has formally received a report from the Judicial Commission of Inquiry alleging that N117 billion in public funds was misappropriated during the eight-year administration of former Governor Aminu Waziri Tambuwal. Justice Mu’azu Abdulkadir Pindiga (rtd), the commission’s chairman, presented the findings to Governor Ahmed Aliyu on February 3, 2026, at the […]
Nigeria’s Federal High Court in Abuja has upheld the validity and enforceability of a N52 billion arbitral award (approximately $32 million) issued in favor of Chams Consortium Limited against the National Identity Management Commission (NIMC). The judgment, delivered on December 11, 2025, and recently made public through regulatory filings, marks a significant milestone in a […]
Nigeria and Ghana have commenced a pilot program for the continent’s first wallet-based outbound payment system, allowing for instant, local-currency transfers between the two nations. The initiative, led by Onafriq Nigeria Payments Limited in partnership with the Pan-African Payment and Settlement System (PAPSS), was officially announced on February 3, 2026. Approved by the Central Bank […]
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates (UAE), has announced plans to establish a representative office in Lagos, marking its first formal entry into the sub-Saharan African market. Martin Tricaud, FAB’s Group Head of Wholesale Banking, disclosed the move on February 2, 2026, during the Investopia Africa conference held […]