Nigeria Ends Long-Running OPL 245 Dispute, Paving Way for Major Deepwater Oil Project

For more than a decade, one of Nigeria’s most valuable offshore oil assets sat in the shadows of legal battles, corporate disputes, and unresolved ownership claims. Now, after years of uncertainty, the long-running controversy surrounding Oil Prospecting Licence (OPL) 245 has finally been resolved, opening the door to a major deepwater oil project that could significantly strengthen Nigeria’s energy future.

The Federal Government has reached a settlement agreement with Eni and Nigerian Agip Exploration Limited, bringing closure to a dispute that has lingered for over 15 years. The agreement was signed in Abuja, following high-level discussions at the Presidential Villa attended by senior executives of the Italian energy giant, including its Chief Executive Officer Claudio Descalzi. Details of the breakthrough were confirmed in a State House statement issued by presidential spokesman Bayo Onanuga.

For Nigeria’s energy sector, the resolution represents far more than the end of a legal conflict as it clears a path toward the long-anticipated Zabazaba - Etan deepwater development project, located within the OPL 245 block. Once operational, the project is expected to deliver approximately 150,000 barrels of oil per day, adding a significant boost to the country’s production capacity while strengthening long-term revenue prospects.

The importance of the breakthrough lies not only in the oil that could eventually flow from the deep waters of the Niger Delta, but also in the message it sends to global investors. For years, the OPL 245 dispute stood as one of the most prominent legal and investment uncertainties in Nigeria’s upstream oil sector. Its resolution removes a major barrier that had complicated investment decisions in deepwater exploration.

Officials say the settlement reflects Nigeria’s determination to address complex legacy issues while strengthening the credibility of its regulatory and legal frameworks. According to the government’s energy advisory team, the revised arrangement improves on earlier agreements and aligns with the governance and fiscal structure introduced under the Petroleum Industry Act (PIA).

The updated terms are designed to provide investors with the clarity and predictability required to move forward with large-scale offshore projects, while also ensuring that Nigeria secures stronger long-term value and safeguards for the federation.

Few oil assets in Africa have carried as much controversy as OPL 245. The offshore block, widely believed to contain billions of barrels of crude oil, has been the subject of complex disputes dating back to the early 2000s. Over the years, the asset became entangled in a series of international investigations, arbitration proceedings, and courtroom battles involving several major stakeholders, including Malabu Oil and Gas, Royal Dutch Shell, and Eni, alongside the Nigerian government.

One of the most significant legal developments occurred in May 2025, when the Court of Appeal in Abuja dismissed a lawsuit filed by Malabu Oil and Gas concerning the disputed $1.3 billion oilfield. The ruling was delivered in favour of Nigerian Agip Oil Company, and the appellate court also overturned an earlier 2020 Federal High Court decision that had dismissed Agip’s preliminary objection to Malabu’s claim that its interests in the block remained valid and had not been revoked.

More recently, on March 2, reports indicated that the Federal Government had taken an additional step to unlock the potential of the field by restructuring the OPL 245 block into four separate assets to be operated by Eni and Shell. The move was widely interpreted as a strategic effort to accelerate development activities in an area that has remained largely untapped despite its enormous resource potential.

With the dispute now settled, Nigeria can move closer to a Final Investment Decision on the Zabazaba - Etan project. Analysts believe the development could mark a new phase for deepwater investment in the country, particularly at a time when global energy companies are becoming increasingly selective about committing capital to long-term fossil fuel projects.

The resolution also fits within a broader reform effort that has been underway since 2023, aimed at improving Nigeria’s competitiveness in global energy markets. Central to these reforms is the Petroleum Industry Act, which provides a modern regulatory framework intended to attract investment while ensuring that Nigeria maximizes the value of its natural resources.

For Nigeria, the settlement of the OPL 245 dispute represents the unlocking of a long-delayed opportunity. Beneath the deep waters where the Zabazaba - Etan fields lie is not just crude oil, but the promise of renewed momentum in the nation’s energy sector, a reminder that when long-standing obstacles are cleared, the path toward progress becomes far easier to see.

Google Expands AI Search in Nigeria with Yorùbá and Hausa Language Support

Google has broadened the capabilities of its artificial intelligence powered Search tools in Nigeria by introducing support for Yorùbá and Hausa, two of the country’s most widely spoken indigenous languages.

The update allows users to interact with Google’s AI search features in their local languages, making it easier to receive summaries, explanations, and answers generated by artificial intelligence. Nigerians can now ask questions in Yorùbá or Hausa using either text or voice and receive responses in the same language.

The feature is available through AI Overviews and AI Mode, tools designed to provide conversational responses and concise summaries directly within Google Search. By incorporating these languages, Google aims to make its AI-driven search experience more accessible to millions of Nigerians who prefer using indigenous languages online.

According to Google, the upgrade is powered by a specialized version of its Gemini AI model integrated into Search. The system combines reasoning and multimodal capabilities to better interpret queries and deliver contextually relevant answers rather than relying on simple translation.

Taiwo Kola-Ogunlade, Communications and Public Affairs Manager for West Africa at Google, said the development reflects the company’s commitment to ensuring that its advanced technologies work effectively in local environments.

He explained that building a truly global search engine requires a deep understanding of regional languages and cultural context, noting that the new expansion allows Nigerians to communicate naturally with Search in their mother tongues.

The rollout also forms part of a wider effort to expand support for African languages within Google’s AI ecosystem. With the addition of Yorùbá and Hausa, the number of African languages supported by the company’s AI search tools has risen to 13.

Other languages currently supported include Afrikaans, Akan, Amharic, Kinyarwanda, Afaan Oromoo, Somali, Sesotho, Kiswahili, Setswana, Wolof, and isiZulu.

Users can access the new capability by opening the Google Search app on Android or iOS devices or by using the web version of the search engine and switching to AI Mode before asking their questions.

Google says the initiative is part of its broader mission to make artificial intelligence tools more inclusive, culturally relevant, and useful for diverse communities across Africa.

Nigeria approves GIS-enabled alphanumeric digital postcode system to modernise national addressing

Nigeria is moving to strengthen its national addressing infrastructure following the approval of a GIS-enabled alphanumeric digital postcode system by the Federal Executive Council (FEC), a step expected to modernise how locations are identified and accessed across the country.

The development was announced by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who explained that the initiative forms part of the ministry’s broader Strategic Blueprint aimed at strengthening Nigeria’s digital and technological foundations.

The newly approved system introduces a modern addressing framework that combines letters and numbers to generate unique digital codes for specific geographic locations nationwide. Unlike traditional postcode formats that often cover wider areas, the alphanumeric structure is designed to deliver greater precision in identifying homes, businesses, and institutions.

Implementation of the system will be carried out in collaboration with the Nigerian Postal Service (NIPOST) under the leadership of Postmaster-General Tola Odeyemi. Through the use of geographic information system (GIS) technology, the platform will create a geospatially intelligent addressing network capable of improving accuracy in mapping and significantly enhancing the efficiency of mail and parcel processing across the country.

Beyond strengthening postal operations, the digital postcode system is expected to become a critical national tool supporting several sectors of the economy. With precise location data, authorities and businesses will be better positioned to improve logistics networks, expand e-commerce operations, enhance emergency response coordination, and support more effective national planning.

The initiative reflects Nigeria’s ongoing efforts to build the core infrastructure required for a thriving digital economy, ensuring that citizens, businesses, and public services are more efficiently connected through reliable digital systems.

With the approval now secured, the new postcode framework represents another important milestone in Nigeria’s journey toward a more technologically integrated, efficient, and globally competitive economy.

Austin Eguavoen earns FIFA Leadership Diploma in Zurich, boosting Nigeria’s football administration

Nigeria Football Federation (NFF) Technical Director and former Super Eagles head coach, Austin Eguavoen, has added another academic milestone to his football career after earning a FIFA Leadership Diploma.

The certificate was presented at FIFA’s headquarters in Zurich, Switzerland, following his successful completion of the global leadership programme organised by world football’s governing body. The course is designed to equip senior football administrators and technical leaders with modern governance, strategic planning, and management skills needed to develop the game at national and international levels.

Eguavoen’s participation in the programme reflects the NFF’s broader push to strengthen technical administration, leadership capacity, and long-term football development in Nigeria. His new qualification is expected to further enhance his work in shaping coaching structures, youth development, and technical policy within Nigerian football.

The FIFA Leadership Diploma programme spans about 20 months, combining online learning modules with residential sessions and collaborative projects involving football administrators from different parts of the world.

Widely respected in Nigerian football circles, Austin “Cerezo” Eguavoen enjoyed a distinguished playing career before moving into coaching and football administration. Born in Benin City, Edo State, he represented Nigeria as a defender and was part of the Super Eagles squad that won the 1994 Africa Cup of Nations in Tunisia. He also featured at the 1994 FIFA World Cup in the United States, helping Nigeria reach the Round of 16 in its debut appearance at the tournament.

At club level, Eguavoen played both in Nigeria and Europe, including spells in Belgium with KAA Gent and KV Kortrijk, before transitioning into coaching. Over the years, he has served the national team in various capacities, including Super Eagles head coach and interim manager and remains one of the most experienced technical figures within the NFF structure.

His newly earned FIFA Leadership Diploma further strengthens his credentials as Nigeria continues efforts to modernise its football systems and sustain the country’s influence in African and global football. 

Apple Showcases Fela Kuti’s Afrobeat Legacy in MacBook Air M5 Global Launch

Apple has turned to the timeless sound of Nigeria’s Afrobeat legend, Fela Anikulapo Kuti, as the musical backdrop for the global launch of its newest laptop, the MacBook Air powered by the M5 chip.

The technology giant unveiled the device on March 3, 2026, with a promotional video that features Fela’s 1971 track “Let’s Start.” The song accompanies visuals highlighting the laptop’s sleek design and improved performance, bringing the distinctive rhythm of Afrobeat to millions of viewers across Apple’s digital platforms.

The track originates from Live!, the celebrated album recorded in London by Fela Kuti & Africa ’70 alongside renowned British drummer Ginger Baker. By integrating the song into a major global product campaign, Apple has introduced a new generation of audiences to one of Nigeria’s most influential musical exports.

The choice of soundtrack comes at a moment of renewed international recognition for the Afrobeat pioneer. In February 2026, Fela Kuti received a posthumous Grammy Lifetime Achievement Award, becoming the first African artist ever honoured with the distinction by the Recording Academy. The recognition has reignited global attention around his music and enduring cultural impact nearly three decades after his passing in 1997.

Apple’s campaign also has the potential to drive new listeners to Fela’s broader catalogue. The promotional material links audiences directly to Apple’s ecosystem, where his discography, featuring classics such as “Zombie,” “Water No Get Enemy,” and “Expensive Shit” remains widely available.

Although the financial details of the licensing arrangement with Fela Kuti’s estate have not been disclosed, industry data indicates that music synchronisation deals for global technology campaigns typically command fees ranging from $20,000 to more than $500,000, depending on the scale of the advertisement and usage rights involved.

The song “Let’s Start” has previously reached international audiences through film. It gained fresh exposure in the 2021 Netflix action Western The Harder They Fall, directed by Jeymes Samuel, which featured a cast including Idris Elba, Jonathan Majors, Zazie Beetz, Regina King, and LaKeith Stanfield.

Apple has a history of pairing innovative technology with memorable music. Its iconic 2008 MacBook Air commercial featured Yael Naim’s “New Soul,” while earlier iPod campaigns boosted tracks such as Jet’s “Are You Gonna Be My Girl” and Grouplove’s “Tongue Tied.” These collaborations often led to dramatic increases in global streams and sales for the featured artists.

By spotlighting Fela Kuti’s music in the MacBook Air M5 campaign, Apple has once again demonstrated the cultural power of Afrobeat, placing the sound of Nigeria at the centre of a worldwide technology launch and reinforcing the enduring global relevance of one of the country’s most iconic musical pioneers.

Nigeria’s Gold Reserves Reach $3.5bn as Local Mining Supply Strengthens CBN Holdings

Nigeria is gradually expanding the role of gold in its reserve strategy, with the Central Bank of Nigeria (CBN) confirming that the country’s gold holdings have now reached $3.5 billion.

The increase follows the delivery of locally sourced gold refined to the London Bullion Market Association (LBMA) Good Delivery standard, a globally recognised benchmark for high-quality bullion. The gold was acquired through the National Gold Purchase Programme (NGPP), an initiative aimed at strengthening Nigeria’s reserves while supporting the formalisation of the domestic mining industry.

Rather than sourcing bullion from international markets, the CBN purchases gold within Nigeria and pays in naira, a structure designed to build reserve assets without placing additional pressure on the country’s foreign exchange resources.

CBN governor Olayemi Cardoso explained that this approach allows the bank to increase the quality and diversity of its reserves while reinforcing overall economic stability. He noted that, as global economic conditions remain uncertain, many central banks are returning to gold as a reliable store of value and a hedge against inflation.

The bullion purchased under the programme is aggregated by the Solid Minerals Development Fund (SMDF), which works with artisanal and small-scale miners across the country. These operations follow responsible sourcing frameworks that align with international standards, including OECD due-diligence guidelines and the World Gold Council’s London Principles.

According to Fatima Umaru, executive secretary of the SMDF, the successful delivery of gold meeting LBMA standards demonstrates that Nigeria’s efforts to formalise small-scale mining and improve supply chain oversight are producing results.

The initiative has also drawn praise from international industry stakeholders. Kurtuluş Diamondopoulos, director of central banks and public policy at the World Gold Council, said the NGPP is structured in line with the organisation’s principles for responsible gold sourcing and could serve as a model for other countries looking to integrate artisanal mining into formal financial systems.

Beyond reserve accumulation, the programme is expected to stimulate broader growth in Nigeria’s mineral economy. Samaila Zubairu, president and chief executive officer of the Africa Finance Corporation (AFC), highlighted the importance of improved geological data and stronger mineral-processing capacity to unlock greater investment in the sector.

Industry leaders have also called for deeper exploration and improved transparency. Nere Emiko, executive vice-chairman of Kian Smith Gold Company, noted that Nigeria still holds relatively small gold reserves compared with many peer economies, suggesting there remains considerable room for expansion as the sector develops.

Anambra Wins Global Recognition in Google Maps Platform Awards

Nigeria continues to demonstrate its growing capacity for innovation and technological advancement, as Anambra State has received international recognition at the inaugural Google Maps Platform Awards 2025, emerging winner of the “Top Fan Vote” category for its pioneering digital property mapping initiative.

The global recognition celebrates the state’s forward-thinking approach to governance through the deployment of Google Maps and Google Earth Engine technologies to modernise property enumeration, improve mapping accuracy, and strengthen internally generated revenue through advanced geospatial governance systems.

The award, delivered from Google’s global headquarters in Silicon Valley, California, was formally received on behalf of the Anambra State Government by the Executive Chairman of the Anambra State Internal Revenue Service (AiRS), Dr Greg Ezeilo, at his office on Tuesday.

The recognition highlights the impact of the Anambra Property and Land Use Charge (APLUC) mapping initiative, a project launched just over a year ago to create a comprehensive digital view of properties across the state using cutting-edge geospatial technologies.

Through the initiative, the state conducted a wide-scale digital mapping exercise that has so far identified approximately 1.5 million properties across Anambra, marking a significant milestone in modernising the state’s property database.

Of these, over 553,000 properties have already been properly clustered and captured for taxation and administrative purposes, laying the foundation for a more efficient and transparent property tax system.

According to Dr Ezeilo, the project is expected to unlock a reliable and sustainable revenue stream for the state, noting that once the ongoing harmonisation process is completed, the benefits of the system will naturally translate into improved revenue optimisation.

He also commended the dedication of the technical teams whose expertise made the project possible, describing the initiative as a good example of how technology and data-driven governance can transform public administration in Nigeria.

With this milestone, Anambra joins Lagos State at the forefront of modern revenue administration in the country, demonstrating how strategic adoption of technology can reshape government systems and strengthen economic foundations.

The Google Maps Platform Awards, established to commemorate 20 years of global mapping innovation, recognise projects around the world that demonstrate outstanding impact, creativity, technological application, and public support.

In the 2025 edition of the awards, the AiRS Digital Property Management Project distinguished itself among more than 4,000 entries submitted globally, ultimately securing victory in the fan vote category.

The recognition not only celebrates Anambra’s progress but also reflects the broader story of Nigeria’s growing leadership in digital governance and technological innovation across Africa and beyond

Dangote moves into steel, power and ports as Nigeria’s industrial push deepens

Aliko Dangote is preparing the next phase of his industrial expansion, shifting focus from oil refining to other sectors that quietly determine whether economies truly industrialise: steel production, electricity generation and port infrastructure. Coming on the heels of Nigeria’s largest refinery project, the move signals a deliberate effort to strengthen the foundations of local manufacturing and long-term economic growth.

With the Dangote Petroleum Refinery & Petrochemicals now operational and producing roughly 650,000 barrels of refined products daily, attention has begun to shift from construction milestones to what comes next especially as expansion plans are already in motion, with output expected to rise significantly in the coming years. Yet for Dangote, refining was never meant to stand alone, it was designed to sit within a broader industrial system.

That system, he argues, cannot function without steel as roads, bridges, housing and factories depend on it, and countries that lack domestic steel production remain exposed to supply shocks and rising import costs. A move into steel would not only support Nigeria’s infrastructure drive but also deepen its manufacturing base and reduce long-standing dependence on foreign inputs.

Power is the second critical piece for Dangote especially as Nigeria’s industrial capacity has long been limited by unreliable electricity, forcing businesses to operate below scale or rely on expensive self-generation. By investing in power generation, Dangote aims to address a constraint that has discouraged manufacturing and weakened competitiveness across multiple sectors.

Ports form the third pillar as inefficient logistics, congested terminals and high turnaround times continue to raise the cost of doing business in Nigeria. Expanded and modern port infrastructure would ease trade flows, support exports and allow large-scale manufacturing to operate more efficiently.

Taken together, steel, power and ports represent the less visible but essential backbone of industrial economies. Dangote has pointed to India’s Tata Group as a reference point, noting how diversified industrial investment helped drive sustained economic transformation in an emerging market.

Beyond infrastructure and industry, employment remains central to the strategy. Nigeria is projected to require between 40 and 50 million new jobs by 2030, largely to absorb a fast-growing youth population. Dangote believes that only large, capital-intensive industrial projects can generate employment at the scale required while building productive capacity.

What is emerging is a shift from isolated mega-projects to a more connected industrial vision , one that links energy, materials and logistics into a single ecosystem. If executed successfully, this next phase could help reposition Nigeria from a consumer of industrial goods to a serious producer, strengthening its role within Africa’s manufacturing future.

Niger State Commissions Advanced Medical Facilities in Minna

Niger State has recorded another milestone in its ongoing push to strengthen public healthcare delivery with the unveiling of newly remodelled, world-class medical facilities at the Ibrahim Badamasi Babangida (IBB) Specialist Hospital in Minna.

The development, spearheaded by Governor Mohammed Umaru Bago, signals a deliberate shift towards positioning Niger State as a destination for advanced medical care, capable of meeting complex health needs without forcing citizens to seek treatment outside the state or the country.

Commissioning the facilities, Governor Bago reaffirmed his administration’s commitment to healthcare as a cornerstone of human capital development under the New Niger Agenda. He noted that the investments are designed not merely to upgrade physical infrastructure, but to save lives by guaranteeing timely access to quality medical services for residents across the state.

The newly commissioned facilities include 60-bed porta cabins, a modern Accident and Emergency Unit, a fully equipped Intensive Care Unit (ICU), and an advanced radio-diagnostic complex. The diagnostic centre is fitted with high-end medical equipment such as a mammogram, Magnetic Resonance Imaging (MRI) machine, Computerised Tomography (CT) scan, X-ray facilities, and other specialised scanning rooms.

Governor Bago emphasised that his administration remains resolute in ensuring that quality healthcare is accessible to all citizens of Niger State. He commended development partners, the Commissioner for Health, as well as the management and staff of the IBB Specialist Hospital for their collective role in repositioning the state’s health sector. He also stressed the importance of proper maintenance and responsible utilisation of the facilities to sustain optimal service delivery.

Earlier, the Commissioner for Health, Murtala Mohammed Bagana, described the upgrade as a strategic intervention that would significantly reduce medical tourism by bringing advanced and specialised healthcare services closer to the people. He disclosed that the hospital now provides subspecialty services in cardiology, endocrinology, gastroenterology, nephrology, pulmonology, family medicine, and anaesthesiology.

According to Bagana, the hospital has also expanded its surgical capacity to support highly complex procedures. These include neurosurgery of the brain and spine, total knee replacement, advanced orthopaedic surgeries, maxillofacial surgery, burns and plastic surgery, ear, nose and throat (ENT) surgery, paediatric surgery, including the correction of anorectal malformations, complex general surgery, and specialised urological procedures.

He further revealed that the IBB Specialist Hospital is positioned to serve as a temporary training and academic site for the IBB University Teaching Hospital, providing hands-on clinical exposure for medical students, resident doctors, and other healthcare professionals, while also supporting academic research.

In his remarks, the Chief Medical Director of the hospital, Dr Bala Waziri, described the remodelling as a defining moment for healthcare delivery in Niger State. He said the expanded facilities would increase admission capacity, ease congestion, and drastically reduce referrals to health facilities outside the state and the country.

Dr Waziri also applauded Governor Bago for facilitating the engagement of 20 visiting consultants, who are currently working alongside resident doctors and the hospital’s medical team to enhance service delivery. He assured that the upgraded facilities would be efficiently utilised and properly maintained in line with international best practices.

Nigeria Secures $1.3bn Alumina Investment in Landmark AFC Partnership

Nigeria’s push to unlock the full economic value of its solid minerals gathered momentum in Abuja with the formalisation of a $1.3 billion partnership between the Federal Government and the Africa Finance Corporation (AFC), a deal that places industrial processing and data-driven exploration at the heart of mining sector reform.

Executed through the Solid Minerals Development Fund (SMDF), the agreement brings together public and private capital to advance three major initiatives: the construction of a large-scale alumina refinery, a nationwide geoscience mapping programme, and the creation of a joint investment platform to speed up mineral exploration and development across the country.

The flagship project under the agreement is a $1.3 billion alumina refinery engineered to process one million tonnes of bauxite ore annually. The plant will operate on a modern Bayer-process flowsheet and be supported by an on-site gas-fired cogeneration facility to supply both steam and power, enhancing efficiency and reliability.

Designed for long-term performance, the facility is expected to run for about 20 years at 95 per cent utilisation, delivering an estimated total output of 19 million tonnes of alumina over its operational life. This scale positions the project as Nigeria’s largest private-sector investment in the mining industry to date.

Beyond industrial capacity, the economic implications are significant. Projections indicate that the project will add roughly $1.2 billion to Nigeria’s Gross Domestic Product each year, generate more than $25 billion in total economic value over its lifespan, and deliver up to $8 billion in foreign exchange earnings.

Minister of Solid Minerals Development, Dr. Dele Alake, described the agreement as a defining moment for the sector, noting that it reflects the impact of recent reforms aimed at strengthening regulation, improving investor confidence, and shifting the industry away from raw mineral exports toward value addition.

For the SMDF, the transaction marks a historic milestone. Executive Secretary of the Fund, Hajia Fatima Shinkafi, said the deal represents the largest funding commitment the agency has undertaken since its establishment, underscoring its growing capacity to participate in large-scale, capital-intensive projects alongside international partners.

According to feasibility assessments jointly undertaken by AFC and SMDF, the alumina project is commercially viable and globally competitive, reinforcing Nigeria’s positioning as an emerging destination for serious mining investment.

The agreement also extends beyond processing infrastructure. A comprehensive geoscience mapping exercise will be carried out to generate high-quality mineral data, reduce exploration risk, and support informed investment decisions by international operators.

To ensure rapid translation of exploration success into production, AFC and SMDF will establish a joint strategic investment vehicle tasked with advancing selected mineral assets from exploration through development and eventual production.

Permanent Secretary of the Ministry of Solid Minerals Development, Farouk Yabo, said the initiative demonstrates the ministry’s renewed focus on transformation and global competitiveness, adding that Nigeria now has an opportunity to secure a stronger foothold in international mineral markets.

Reaffirming federal commitment, Minister Alake confirmed that all required approvals have been granted to fast-track the AFC–SMDF investments. He also directed agencies under the ministry to prioritise the processing of licences, permits, and regulatory clearances necessary for smooth implementation.

The Memorandum of Understanding was signed on behalf of the Federal Government by SMDF Executive Secretary, Hajia Fatima Shinkafi, while Franklin Edochie, Deputy Director and Head of Metals and Mining at AFC, signed for the corporation. The signing was witnessed by AFC President and Chief Executive Officer, Samaila Zubairu, and the Minister of Solid Minerals Development.

Nigeria’s FX buffers strengthen as net reserves climb to $34.8bn in 2025

Nigeria ended 2025 with a much stronger foreign exchange position, as net foreign reserves rose to $34.80 billion, marking one of the country’s most significant improvements in external liquidity in recent years.

The Central Bank of Nigeria (CBN) confirmed that net reserves increased from $23.11 billion at the end of 2024 to $34.80 billion by December 2025, representing a $11.69 billion gain within one year. This progress builds on a deeper recovery from $3.99 billion recorded at the end of 2023, highlighting how Nigeria has steadily rebuilt its usable foreign exchange buffers over a two-year period.

By the close of 2025, Nigeria’s net reserve position had grown beyond the country’s total gross external reserves of $33.22 billion at the end of 2023, showing not just growth in size, but a clear improvement in quality. Net reserves reflect funds that are liquid and available, as they exclude short-term liabilities and other obligations that form part of gross reserves.

Gross external reserves also strengthened during the same period. Data released by the CBN shows that reserves increased from $40.19 billion at the end of 2024 to $45.71 billion by December 2025, an improvement of $5.52 billion. The positive trend continued into 2026, with gross reserves rising further to $50.45 billion as of February 16, 2026, as disclosed by CBN Governor Olayemi Cardoso during the post-Monetary Policy Committee press briefing held on February 24, 2026.

Governor Cardoso attributed the improvement in both net and gross reserves to stronger external sector fundamentals supported by sustained policy reforms. He explained that improved transparency and credibility in foreign exchange management helped restore investor confidence and attract stronger foreign exchange inflows into the country. He also noted that enhanced reserve management practices are focused on protecting capital, maintaining liquidity, and supporting long-term sustainability.

According to the CBN, the stronger reserve position improves Nigeria’s capacity to meet external obligations, support exchange rate stability, and reinforce overall macroeconomic resilience. The end-of-2025 outcome, the Bank said, confirms that ongoing reforms and external sector adjustments are delivering results, while reaffirming Nigeria’s commitment to maintaining adequate foreign exchange buffers and orderly market operations.

Abia introduces cashless fares on Green Shuttle buses

Cash transactions are being phased out on Abia State’s Green Shuttle buses as the state government begins full implementation of the Abia Connect Card, a digital fare payment system aimed at improving efficiency and accountability in public transportation.

The cashless platform, also known as the Abia State Card, is an initiative of the Ministry of Transportation under the administration of Governor Alex Otti. It is designed to modernise daily commuting by eliminating common problems associated with cash payments, including delays, disagreements over change and revenue leakages.

Confirming the rollout, the Commissioner for Information, Okey Kanu, said the new system represents a key step in the state’s plan to build a transparent and technology-driven transport ecosystem. In a statement released on Sunday through official Ministry of Information channels, he noted that the card allows passengers to pay fares instantly with a single tap when boarding.

The state government disclosed that the first Abia Connect Card is being issued free to residents. Cards can be obtained at approved Green Shuttle terminals and authorised agent locations in Aba and Umuahia. Applicants are required to present their Abia State Social Identification Number (ABSSIN), while residents without one can complete registration via the Abia Pay portal.

After funding the card, subject to a ₦50 top-up charge, commuters are required to tap it on the onboard payment device, with an audible confirmation indicating successful payment. Authorities clarified that the card has no expiry date and that funds loaded onto it remain valid without time limits.

Green Shuttle services cover both inter-city and intra-city routes. Inter-city fares have been fixed at ₦800 for the Aba-Umuahia route and ₦1,000 for Umuahia-Ohafia. Within Aba and Umuahia, buses operate at a flat fare of ₦150 across designated routes.

The government urged residents to take advantage of the ongoing free card distribution, describing the cashless system as a tool for improving transparency and strengthening public confidence in the transport sector.

According to Kanu, the broader objective is to position Abia State’s transport system as a benchmark for innovation and efficiency in Nigeria, while encouraging residents to actively participate in the transition toward smarter and more reliable urban mobility.

Dutch-born winger Dillion Hoogewerf signals intent to play for Nigeria

For Dillion Hoogewerf, the decision about which country to represent internationally goes beyond paperwork or opportunity, it is rooted in identity.

The 22-year-old SBV Vitesse winger, born in the Netherlands to a Nigerian mother and Dutch father, has restated his desire to play for Nigeria, a country he says he feels more closely connected to despite featuring for Dutch youth teams earlier in his career.

Hoogewerf has spoken openly about his bond with Nigeria, shaped by family ties, visits to the country and a deep appreciation of its culture. According to him, the connection feels natural and personal, and representing the Super Eagles would be a special milestone.

While his early international exposure came through the Netherlands’ youth system, the winger explained that discussions about switching allegiance to Nigeria began when he was still a teenager. Those plans, however, were disrupted by the COVID-19 pandemic, which stalled international processes and kept him focused on club and youth national duties in Europe.

In recent years, Nigeria, like several African nations, has benefited from a growing number of diaspora players opting to switch international allegiance. Under FIFA eligibility regulations, a player is permitted to represent another country if they hold nationality through birth, descent or naturalisation, provided they have not played a competitive senior international match for their previous country. Youth appearances, including U-17 and U-21 fixtures, do not permanently tie a player to a nation.

The process typically involves submitting a formal request to FIFA, supported by documentation proving eligibility, after which approval is granted if all conditions are met. Nigeria has successfully navigated this route in the past, integrating several foreign-born players into the national team setup.

For Hoogewerf, the opportunity represents both a professional step and a personal calling. He believes the passion, depth of talent and cultural pride associated with Nigerian football make the prospect especially meaningful.

Now more experienced and established at club level, the winger’s renewed declaration places him among a new generation of players eager to contribute to Nigeria’s football future, not just by heritage, but by choice.

Nigeria’s Damilola Sholademi Wins Silver at USA Archery Indoor Nationals

Nigeria’s growing presence on the global sports stage has received another boost as Damilola Sholademi, the country’s most decorated archer, secured the Silver medal at the 57th USA Archery Indoor National Championships. His achievement stands out even more as he competed as the sole African representative at the tournament.

The championship, held from February 21 to 23 in Fiskdale, Massachusetts, brought together some of the finest indoor archers. Competing in the highly technical compound bow division, Damilola produced a composed and consistent performance to finish second in his category. The result marked his second consecutive Silver medal at the USA Archery Indoor Nationals, underscoring his growing reputation as a dependable presence on elite podiums.

The USA Archery Indoor Nationals is widely regarded as one of the most demanding fixtures on the global archery calendar and with no environmental variables to mask inconsistency, the indoor format places complete emphasis on accuracy, technique, and mental discipline. Damilola’s ability to thrive in such conditions reflects years of refinement and competitive maturity.

Damilola began the sport during the COVID-19 lockdown in 2020, a period that reshaped many athletic journeys. In the years since, he has built a record that now includes more than 43 international medals, making him Nigeria’s most accomplished archer across all bow categories.

Among his most significant milestones are his Silver medal finishes at the African Continental Archery Championships in 2022 and 2023. Those performances delivered Nigeria’s first-ever podium appearances at the continental level, establishing a new benchmark for the sport within the country and across West Africa.

Damilola’s current rankings further reflect his standing in the sport. He is placed seventh in Africa in the compound bow category, while in the United States he holds the second overall ranking in Massachusetts, a region with a strong and competitive archery culture. Balancing international representation with domestic competition, he has consistently measured up against some of the sport’s most experienced athletes.

His influence extends well beyond competition as Damilola also made history as the first Nigerian archer to be signed by the Ramrods Developmental Team, a respected archery equipment manufacturer known for supporting high-potential athletes. The partnership signalled international recognition of both his technical skill and long-term potential.

At home, he has invested heavily in grassroots development. Through ARCH Archery Club Abuja, Damilola has spent the last five years promoting archery, developing young talent, and helping to raise the profile of a sport that remains relatively underrepresented in Nigeria. His work has focused on building structure, discipline, and sustainable pathways for emerging athletes.

These combined contributions led to his appointment as Technical Director of the Nigeria Archery Federation in January 2026. The federation outlined his mandate to align Nigerian archery with global standards, leveraging his international exposure and competitive experience to strengthen technical frameworks and athlete development nationwide.

Taken together, Damilola’s Silver medal in the United States highlights a broader shift in Nigerian sport, one where excellence is emerging in precision disciplines often overlooked. 

From international podiums to federation leadership, Damilola Sholademi’s journey signals a future in which Nigerian archery is no longer on the margins, but firmly within the global conversation. 

Abia Charts New Course for Investment Through Direct Engagement with Business Leaders

Abia State is setting the stage for deeper private sector participation in its economic future with the launch of a statewide business engagement forum aimed at strengthening investor confidence and collaboration.

The Abia Business Roundtable, scheduled for Thursday, March 5, 2026, will convene business leaders from across Nigeria at the International Conference Centre, Umuahia, for a high-level dialogue focused on investment opportunities, enterprise growth, and the evolving business climate within the state.

Presided over by Governor Alex Otti, the roundtable is designed as a working session rather than a ceremonial gathering. It will bring together relevant government institutions and private sector operators to examine shared challenges, align expectations, and identify practical pathways for expanding economic activity in Abia.

The engagement reflects the administration’s broader strategy of positioning the private sector as a central engine of growth, with government playing a facilitative role by improving policies, infrastructure, and regulatory conditions.

Discussions at the forum are expected to centre on measures that support ease of doing business, unlock new investment streams, and encourage sustainable enterprise development. Participants will also explore existing and emerging opportunities across key sectors of the state’s economy.

Attendance at the roundtable will cut across different categories of enterprises, including businesses with annual turnovers ranging from ₦50 million to over ₦1 billion, ensuring a broad representation of perspectives from both medium-scale and large-scale operators.

Participation will be by invitation, following a registration and review process. Interested business owners are required to register through a dedicated link accessible by contacting 0808-660-8448 via text message or WhatsApp. Successful applicants will receive formal invitations to attend.

Beyond the immediate discussions, the roundtable is intended to establish a structured framework for ongoing engagement between the Abia State Government and the business community. By creating a consistent channel for dialogue, feedback, and policy input, the state aims to align its economic decisions more closely with the realities of the marketplace.

The initiative is also expected to strengthen investor aftercare, ensuring that businesses operating in Abia receive continued support while contributing to long-term economic development and job creation.

From Ibadan to the World’s Highest Legal Tables: The Rise of Professor Dapo Akande

Long before his name echoed through the halls of Oxford or featured in conversations at the United Nations, Dapo Akande was a young law graduate from Ibadan, driven by an uncommon curiosity for how international rules shape global justice. Today, that journey has positioned him among the most respected public international law scholars in the world and earned him recognition by the United Kingdom as one of its finest legal minds.

The UK has formally nominated the Nigerian-born professor for election to the International Law Commission (ILC), a powerful United Nations body responsible for shaping and codifying international law. The nomination places Prof. Akande at the centre of global legal thought, where treaties, state responsibility, war crimes, and international accountability are debated and refined.

For Britain’s top diplomatic leadership, the choice was clear as Professor Akande’s career spans more than two decades of scholarship, courtroom advocacy, and advisory work across continents, a profile that reflects both intellectual depth and real-world impact.

Currently a Professor of Public International Law at the Blavatnik School of Government, University of Oxford, Prof. Akande has built a reputation that cuts across academia and practice. His research which comprises of over sixty major publications, is widely cited in legal debates on armed conflict, human rights, international courts, and the powers of states under international law. His influence extends further through his roles on editorial and advisory boards of leading law journals across Africa, Europe, Asia, and the Americas.

Prof. Akande’s work is not only confined to lecture halls or journals as he has served as consultant and adviser to some of the world’s most consequential institutions, including the United Nations, the African Union, NATO, the International Criminal Court, the Food and Agriculture Organization, and the Commonwealth Secretariat.

In courtrooms that shape global precedents, he has appeared in matters before the International Court of Justice, the International Tribunal for the Law of the Sea, the World Trade Organization, the European Court of Human Rights, and the ICC.

What makes his story particularly compelling is how deeply rooted it remains in Nigeria.

Prof. Akande earned his law degree at Obafemi Awolowo University, Ile-Ife, before beginning his professional journey as a research assistant to Bola Ajibola, former Attorney-General of Nigeria. That early grounding in Nigerian legal thought would later inform his international work , especially in matters involving justice, accountability, and state responsibility.

Beyond representing states and institutions at the highest global forums, Prof. Akande has also contributed directly to strengthening Nigeria’s legal and justice systems. He has led specialised training for the Federal Director of Public Prosecution and the Nigerian Army, focusing on accountability, international crimes, and the intersection of domestic and international law.

His nomination to the International Law Commission is more than personal recognition; it is yet another reminder of the depth of Nigerian expertise shaping global systems, often quietly, but decisively. In a world where international law increasingly defines responses to conflict, climate change, trade disputes, and human rights, voices like Prof. Akande’s matter.

From Ibadan to Oxford lecture halls, and from Nigerian courtrooms to the chambers of The Hague, Professor Dapo Akande’s journey reflects a broader Nigerian truth: excellence travels and when it does, it carries home with it.

NIWA Lagos Manager Honoured With Nelson Mandela Pan-African Leadership Award

Leadership in public service often reveals itself through consistency, fairness, and impact. In Lagos, that kind of leadership has now drawn continental attention.

The Lagos Area Manager of the National Inland Waterways Authority, Engineer Sarat Braimah, has been awarded the Nelson Mandela Pan-African Leadership Award, a recognition reserved for individuals whose work reflects service, integrity and transformative governance across Africa.

The honour was formally presented in Lagos by the Stay Africa Youth Development Initiative (SAYDI), an Accra-based organisation dedicated to nurturing Africa’s next generation of leaders. 

Led by its President, Dominic Mensah, the delegation described the award as a response to the visible changes recorded at the NIWA Lagos Area Office since Braimah assumed leadership.

According to Mensah, the Nigerian chapter of SAYDI nominated Braimah after observing a culture shift defined by professionalism, teamwork and ethical leadership. He pointed to her emphasis on youth and student empowerment, her support for the development agenda of the Lagos State Government, and her firm stance against nepotism and favouritism within the workplace.

Beyond policy and administration, Mensah said Braimah’s leadership style reflects African moral values , one rooted in collaboration, service and selflessness. He noted that her rise through the maritime sector has made her a role model, particularly for young Africans and women seeking careers in a traditionally male-dominated field.

“Our mission is to identify tomorrow’s leaders today,” Mensah explained. “Africa needs achievers who can inspire young people to remain on the continent and commit their talents to its growth. Mentorship is central to this vision, and leaders like you show that excellence and integrity still matter.”

At the ceremony, Braimah was also presented with a Certificate of Excellence and announced as an automatic inductee into the Pan-African Leadership Hall of Fame, where she was described as an amazon of nation-building on the continent.

In her response, Braimah expressed deep appreciation for the recognition, saying the values behind the award align closely with her personal convictions. She stressed that Africa’s progress depends largely on young people choosing discipline, teamwork and selfless service over shortcuts.

“I do not take this honour for granted,” she said. “It will push me to do even more for my organisation, for Nigeria, and for Africa’s maritime development. I believe strongly in teamwork and dedication, and I dedicate this award to my superiors in Abuja and to the men and women in Lagos who work tirelessly, often sacrificing personal time, to support the work we do.”

She added a message to young Africans, urging them to remain focused and committed to excellence, noting that meaningful change is built through persistence and service.

Named after former South African President Nelson Mandela, the Pan-African Leadership Award celebrates individuals and institutions advancing peace, justice, unity and transformative leadership across Africa , ideals Braimah’s career continues to reflect in practice, not just in words.

Kaduna-born Nigerian crowned SEC Scholar-Athlete of the Year

Samuel Ogazi’s rise on the global track has been matched, stride for stride, by excellence in the classroom. The Nigerian quarter-miler has been named the Southeastern Conference (SEC) Men’s Indoor Track and Field Scholar-Athlete of the Year, a distinction that underscores his rare balance of speed and scholarship.

At just 19, the Kaduna-born athlete becomes the first male student-athlete from the University of Alabama to earn the honour. He shares the 2026 award with BJ Green of Oklahoma and Calvin Wetzel of Tennessee, following a season that has placed him firmly among the world’s elite 400m runners.

Ogazi, a junior studying criminology and criminal justice with a minor in consumer sciences, maintains a 3.304 grade-point average and has earned Dean’s List recognition twice, according to the SEC.

The academic recognition arrives on the back of a breakthrough indoor campaign. Earlier this month, the Paris 2024 Olympian stunned the collegiate circuit by winning the 400m at the New Mexico Collegiate Classic, clocking a personal-best 44.85 seconds. The performance shattered the facility record, placed him second on the 2026 world indoor list, and ranked 13th on the all-time indoor standings which also stands as the second-fastest indoor time in Alabama’s history.

At the Tiger Paw Invitational, he powered Alabama’s 4x400m relay with a blistering 44.24-second anchor leg, helping the Crimson Tide record the second-fastest time ever by the programme in the event.

Already a five-time All-American, Ogazi is no stranger to major titles. He captured the 2025 outdoor national championship and the SEC 400m crown, and his consistency earned him SEC Men’s Runner of the Week honours in February.

This season has also etched his name into African athletics history as Ogazi is now the fastest African man over 400m indoors and only the second African to break the 45-second barrier, following fellow Nigerian Ezekiel Nathaniel.

His latest accolade continues a strong tradition of academic-athletic excellence at Alabama. The university’s athletes have now claimed SEC Indoor Scholar-Athlete honours in three of the last four seasons, with previous winners including Mercy Chelangat (2023) and Doris Lemngole (2025).

Attention now shifts to the 2026 SEC Indoor Championships, scheduled for Thursday through Saturday at Texas A&M University’s Fasken Indoor Track and Field Facility, where Ogazi and his teammates will again look to assert dominance on the track and beyond.

University of Cambridge returns 116 Benin Bronzes to Nigeria

The return of 116 Benin Bronzes by the University of Cambridge marks a defining moment in Nigeria’s ongoing effort to reclaim its cultural inheritance and correct the historical violence that stripped it away. More than a century after British forces looted Benin City during the 1897 invasion, legal ownership of these treasured artefacts has now been transferred to Nigeria’s National Commission for Museums and Monuments, working under a management agreement with the Benin Royal Palace.

The collection, housed for decades in Cambridge’s Museum of Archaeology and Anthropology, includes works primarily cast in brass, alongside ivory and wooden sculptures. These objects were seized in February 1897 during the so-called “Punitive Expedition,” an assault triggered by a trade dispute but carried out with devastating force against the Benin Kingdom. For Nigeria, the return represents not just the recovery of artworks, but the restoration of history, memory, and meaning.

The decision followed a formal request submitted by the National Commission for Museums and Monuments in January 2022. That claim received backing from the University’s Council and was later authorised by the UK Charity Commission, clearing the legal pathway for restitution. While most of the artefacts will be physically transferred to Nigeria in due course, 17 pieces will remain on display in Cambridge on a three-year loan arrangement, ensuring continued academic access while affirming Nigeria’s rightful ownership.

Behind the announcement lies more than a decade of sustained engagement between Cambridge and Nigerian stakeholders. Since 2017, the university has hosted and participated in dialogue involving the Benin Royal Court, Nigerian scholars, artists, students, and cultural leaders. Curators from the museum have made repeated study visits to Benin City since 2018, meeting with the Oba, members of the royal court, and state and federal officials. Representatives of the Commission and the Royal Palace were also received in Cambridge in 2021, reinforcing a relationship built on consultation.

Professor Nicholas Thomas, Director of the Museum of Archaeology and Anthropology, described the return as the culmination of years of dialogue and growing international consensus that artefacts taken through colonial violence must be repatriated. According to him, the move has been widely supported within the university community and reflects a broader shift in how institutions confront their colonial legacies.

For Nigeria, however, the significance runs deeper. Olugbile Holloway, Director-General of the National Commission for Museums and Monuments, described the development as a turning point, expressing hope that it will encourage other museums across Europe and North America to follow suit. He emphasised that restitution is not merely about objects changing hands, but about restoring the pride and dignity that were diminished when these works were taken. He also acknowledged the role of Nigeria’s Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musawa, whose support helped bring the process to fruition.

As museums around the world face renewed scrutiny over contested collections, the return of the Benin Bronzes from Cambridge stands as affirmation of Nigeria’s cultural sovereignty. These works were never relics of a lost past; they are living expressions of a civilisation that endured conquest and displacement. Their journey home is a reminder that history can be confronted, and that justice, though delayed, can still be claimed.

Victor Osimhen becomes Galatasaray’s all-time top foreign goalscorer in the UEFA Champions League.

Victor Osimhen once again underlined his status as one of Europe’s most devastating forwards on Wednesday night, carving his name into Galatasaray’s history books despite the Turkish champions’ dramatic 3-2 defeat to Juventus in Turin.

At the Allianz Stadium, the Nigerian striker opened the scoring for Galatasaray with a trademark finish, a goal that carried far more weight than the scoreline suggested. It was Osimhen’s 13th goal in European competitions for the Istanbul giants, a strike that made him the club’s highest-scoring foreign player in Europe, overtaking the long-standing record of former Czech international Milan Baroš, who had held the mark with 12 goals.

Beyond the record itself, the goal crowned a remarkable Champions League campaign for the Super Eagles star. Osimhen has now registered seven goals and two assists in the competition this season, a return that places him joint fourth on the Champions League top scorers’ chart, level with Manchester City’s Erling Haaland. In a tournament filled with elite names, Victor's presence among Europe’s most prolific finishers further reinforces his standing at the very top of the game.

Victor Osimhen’s impact proved decisive over the two legs, as Galatasaray progressed to the last 16 with a 6–5 aggregate victory over Juventus after extra time. While the second leg ended in defeat, his contributions across the tie were instrumental, once again highlighting his ability to deliver on the biggest stage against the strongest opposition.

Already crowned 2023 African Footballer of the Year and widely regarded as one of the world’s most complete centre-forwards, Osimhen has built a reputation on pace, power, intelligent movement and an unrelenting hunger for goals. From breaking records in Serie A with Napoli to now rewriting Galatasaray’s European history, his career trajectory continues to reflect consistency at the highest level.

For Galatasaray, Osimhen’s record-breaking night is a testament to the value of his firepower in Europe and for Nigeria, it is yet another significant reminder that one of their own is not just competing among Europe’s elite strikers, but setting standards and redefining club history along the way.

Tiwa Savage launches music foundation, set to train 100 Nigerian creatives

Tiwa Savage has always carried home with her. From Lagos to London and onto the world’s biggest stages, her music has remained deeply Nigerian even as it reached a global audience. Every step forward grew from where she started. Now, she is turning that journey inward, not to look back, but to create room for others to move ahead.

In 2026, she will launch the Tiwa Savage Music Foundation, beginning with a partnership shaped by personal experience. Working with Berklee College of Music, she will bring specialized music education to Lagos, training 100 emerging Nigerian musicians, producers, composers, and music professionals. For four days in April, Berklee faculty will lead an intensive programme in the city, marking the first time Berklee is delivering this type of training in West Africa.

Years ago, Tiwa stood where many young Nigerian creatives stand today, rich in talent but uncertain about access. A scholarship to Berklee opened her eyes to the wider music industry, showing her that success depends not only on talent, but on understanding songwriting, production, sound engineering, publishing, and the business systems that protect creative work. That knowledge shaped the career she later built.

As her music travelled beyond Nigeria, Afrobeats gained global attention but the rise revealed a gap. Songs were reaching the world faster than the systems needed to support the people behind them. Too many creatives were visible without protection and celebrated without ownership. For Tiwa, education became the bridge between attention and lasting impact.

The Lagos programme is designed to close that gap. Daily sessions will run from 10 a.m. to 5 p.m., combining lectures, workshops, and ensemble training in a collaborative environment. Participants will receive hands-on instruction in songwriting, music production, sound engineering, harmony, and ear training, alongside practical lessons in music publishing, copyright, and entertainment law. The programme also highlights career paths beyond performance, including producing, engineering, and creative entrepreneurship.

Applications open on February 24, 2026, and close on March 20, 2026. Applicants must be at least 18 years old, have a minimum of one year’s experience with their instrument or voice, and be able to travel to Lagos. There is no tuition fee, though participants will cover their own travel, accommodation, and meals. As part of the application process, candidates will submit a short performance video of two to three minutes through platforms such as YouTube or Vimeo.

Standout talents may be considered for further learning opportunities, including scholarships or online study, creating pathways that extend beyond the four-day programme.

Tiwa’s vision goes beyond singers alone. She sees music as a system supported by producers, engineers, composers, and business professionals. Strengthening this ecosystem, she believes, is the only way African music can grow without losing control of its value.

Nigeria sits at the heart of one of the fastest-growing music markets in the world, driven by youth, creativity, and global demand but growth without structure leaves creatives exposed. By investing in education and access, Tiwa is pushing for a future where Nigerian talent does more than travel far, it stands firm.

This foundation is only the beginnin because beyond this programme lies a wider vision of building lasting music institutions at home, designed to serve generations.

For Tiwa Savage, this moment is not about applause or headlines , It is about possibility. By opening doors and sharing knowledge, she is helping shape a future where Nigerian music is not only heard around the world, but fully owned by the people who create it.

Nigerian-born engineer develops AI platform to prevent online fraud

In a world where digital commerce increasingly depends on trust between strangers, a Nigerian-born engineer is using artificial intelligence to redesign how credibility is established online. Henry Uwabor, a United States based software engineer, is the founder of Finaive, an AI-powered marketplace built to prevent online fraud by verifying trust before transactions are completed.

Uwabor’s work has already drawn global attention. His startup has been admitted into the NVIDIA Inception Program and AWS Activate, initiatives that support high-potential technology companies with advanced infrastructure and technical resources. He and his team were also selected into the Dingman Center for Entrepreneurship in the United States after a competitive review process, underscoring the platform’s technical and commercial promise.

Before launching Finaive, Uwabor worked at Amazon, where he contributed to predictive decision-making systems. He had earlier founded Realmlll, a student-focused social platform that earned national recognition in Nigeria. These experiences, he said, sharpened his focus on building systems that combine scale, data, and human behaviour.

The motivation behind Finaive, however, predates his work abroad. Uwabor traces the idea back to Nigeria’s energetic digital marketplace, an ecosystem powered by entrepreneurs, informal vendors, and fast-moving online businesses. From Instagram stores run out of private homes to traders operating in Lagos’ Computer Village, he observed a consistent reality of digital trade: transactions often rely on personal trust in the absence of strong pre-transaction verification systems.

According to Uwabor, this environment reveals not a failure of character, but a gap in infrastructure. When buyers send money without assurance and sellers dispatch goods without guaranteed payment, growth becomes cautious and opportunity constrained. He believes the real challenge lies in systems that respond to fraud only after it occurs, rather than preventing it at the outset.

At the core of Finaive’s solution is AI-TrustScore, a machine-learning model designed to assess the reliability of buyers and sellers before any exchange takes place. Uwabor describes it as trust intelligence, similar in concept to a credit score, but based on verified actions rather than online sentiment. The system evaluates identity verification, transaction history, and delivery performance to build a dynamic measure of credibility.

To ground this process in real-world data, Finaive integrates with logistics partners, enabling the platform to confirm whether goods were shipped and delivered as promised. Trust scores update in real time, reflecting actual performance rather than claims or marketing-driven reviews.

Uwabor noted that traditional rating systems often reward perception over execution. By separating sentiment from behaviour, Finaive focuses on what users do, not what they say. Where logistics data shows repeated delivery failures, the trust score declines regardless of positive reviews. For him, the movement of goods provides one of the clearest signals of accountability in digital commerce.

Uwabor believes that solutions developed within high-growth markets like Nigeria can scale globally. “When you build for environments that move fast and operate at scale,” he said, “you end up creating systems that work anywhere.”

Ojaja Pan Africa redeems ₦9.06bn Commercial Paper, strengthening investor confidence

Ojaja Pan Africa Limited has reinforced its standing as a financially disciplined Nigerian conglomerate with Pan-African ambitions, following the successful and full redemption of its first two Commercial Paper issuances.

The company redeemed ₦2.15 billion under Series 1 and ₦6.91 billion under Series 2, which matured on 21 November 2025 and 20 February 2026 respectively. These issuances were the debut tranches under Ojaja Pan Africa’s duly registered ₦10 billion Commercial Paper Programme, admitted to the FMDQ Securities Exchange platform.

The timely and complete settlement of both series highlights the company’s strong liquidity position, steady operational cash flows, and deliberate financial planning. For institutional investors, including asset managers, the redemption affirms Ojaja Pan Africa’s credit quality and reliability in meeting obligations as promised.

This achievement carries added weight within Nigeria’s current monetary environment especially with the Central Bank of Nigeria’s Monetary Policy Rate at 27 percent as of September 2025, short-term funding now commands premium pricing, making sound capital management a defining advantage. Ojaja Pan Africa’s ability to generate sufficient internal cash to meet these maturities despite issuing at a period of elevated yields, reflects a proactive funding strategy and a disciplined approach to liability management.

The Commercial Paper market continues to offer a flexible funding route for companies with strong fundamentals, and Ojaja Pan Africa’s smooth entry and exit further validates its prudent use of this channel. With Series 1 and Series 2 now fully redeemed, the company retains significant capacity within its ₦10 billion programme to support future strategic priorities.

The transaction was efficiently structured and executed by Comercio Partners Capital Limited, which acted as Lead Financial Advisers and Arranger, underscoring the firm’s depth in managing complex debt market transactions within Nigeria’s capital market.

Commenting on the milestone, Dr. Ayobami Oyedare, Acting Managing Director of Ojaja Pan Africa Limited, said the successful repayment of both the maiden Series 1 and the approximately ₦6.9 billion Series 2 Commercial Papers reflects the strength of the company’s balance sheet and the discipline underpinning its financial planning. He noted that meeting these obligations in full validates investor confidence and positions the company to deploy the remaining programme capacity toward value-accretive expansion across Africa.

Mr. Stephen Osho, CEO of Comercio Partners Capital Limited, described the redemption as a defining signal to the market, highlighting Ojaja Pan Africa’s execution discipline and balance sheet integrity. He added that completing the transaction during a period of monetary tightening underscores the company’s resilience and capacity to deliver despite shifting economic conditions.

With both Series 1 and Series 2 successfully settled, Ojaja Pan Africa Limited is now focused on aligning future liquidity requirements with long-term strategic objectives, further strengthening its reputation as a credible and dependable participant in Nigeria’s evolving debt capital market.

Dr. Timilehin Gideon Shaba Wins Prestigious 2025 NSPS PhD Thesis Prize in Mathematics and Statistics

Redeemer’s University has recorded a major academic milestone as one of its faculty members, Dr. Timilehin Gideon Shaba, clinched the 2025 Nigerian Society of Physical Sciences (NSPS) PhD Thesis Prize in Mathematics and Statistics, and was further honoured as the Overall Best PhD Thesis winner across all disciplines assessed by the Society.

The highly competitive award, which recognises exceptional doctoral research in the physical sciences, was publicly announced on January 11, 2026, while the formal presentation took place on February 10, 2026, during the 2026 NSPS Conference held at Ahmadu Bello University (ABU), Zaria, Kaduna State.

In a congratulatory message, the Vice-Chancellor of Redeemer’s University, Professor Shadrach Olufemi Akindele, FFAN, FFFPS, described the honour as a testament to the institution’s strong research culture and commitment to academic excellence.

“We are incredibly proud of Dr. Shaba for this outstanding national recognition. His achievement reflects the rigorous research environment and scholarly excellence that Redeemer’s University continues to uphold. We congratulate him on bringing this honour to our institution and look forward to his continued contributions to the advancement of Mathematics,” the Vice-Chancellor said.

Dr. Shaba received the award amidst leading academics and scientists from universities and research institutions across the country. His prize package includes a ₦550,000 cash award, an award certificate, and a commemorative plaque.

The recognition also comes with several professional benefits, including Life Membership of the Nigerian Society of Physical Sciences (LNSPS), a full Article Processing Charge (APC) waiver for one article per year in any NSPS journal for the next three years, as well as full sponsorship to attend the NSPS Conference, effective from 2027.

The NSPS PhD Thesis Prize is one of the most prestigious honours for early-career researchers in Nigeria’s physical sciences community. It is awarded following a rigorous peer-review process that evaluates originality, depth, methodological rigour, and contribution to knowledge.

Dr. Shaba’s achievement further strengthens Redeemer’s University’s growing profile as a centre for impactful research and scholarly excellence in Nigeria.

NUPRC targets full digital operations within 60 days

The Nigerian Upstream Petroleum Regulatory Commission has launched a 60-day plan to fully digitise its internal communications and operations, in a move aimed at improving speed, transparency, and regulatory efficiency in the oil and gas sector.

The Commission Chief Executive, Oritsemeyiwa Eyesan, announced the plan during a working visit by the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Musa Sarkin Adar, to the commission’s headquarters in Abuja on February 23, 2026.

Under the initiative, all paper-based processes within the commission will be eliminated and replaced with electronic systems. The Chief Executive, Eyesan said the change would make it easier to track workflows, reduce delays, and strengthen accountability.

According to a statement by NUPRC’s Head of Media and Strategic Communication, Eniola Akinkuotu, the digitisation drive is part of wider reforms to strengthen oversight and transparency in Nigeria’s upstream petroleum industry.

Eyesan said earlier automation efforts have already delivered results, especially in royalty collection. She noted that default rates were high before the commission deployed digital systems in 2025, but compliance has improved significantly since then.

She added that full digitisation would further enhance regulatory monitoring, support faster decision-making, and prepare the sector for upcoming licensing rounds and investment opportunities. She also stressed the need for closer collaboration with NEITI.

In his remarks, Adar urged the commission to deepen cooperation with NEITI through regular data sharing and stronger institutional coordination, saying this would boost investor confidence and ensure strict enforcement of the Petroleum Industry Act.

He also encouraged the NUPRC to participate in the 2026 global conference of the Extractive Industries Transparency Initiative to keep pace with global transparency standards.

Nigeria has intensified reforms in the oil and gas sector since the Petroleum Industry Act was enacted in 2021, with the NUPRC introducing digital tools to reduce revenue leakages, improve compliance, and strengthen governance in the upstream industry.

Nigerian Scientists Make Global Breakthrough in Malaria Drug Research

Nigerian scientists have recorded a major breakthrough that could change how malaria drugs are developed worldwide, placing Nigeria firmly on the global scientific map. The achievement was led by researchers at Obafemi Awolowo University, Ile-Ife, who successfully solved and deposited an important malaria protein structure in an international scientific database for the first time.

The research focused on Plasmodium falciparum, the parasite responsible for the deadliest form of malaria. The team determined the crystal structure of a key parasite enzyme called transketolase while it was bound to a chemical inhibitor. This structure has now been deposited in the Protein Data Bank, a global library used by scientists around the world to design and improve medicines. What makes the deposit historic is that it is the first entry in the database produced entirely by Nigerian scientists.

The work was carried out in the laboratory of Dr. Olatomide Fadare, an Associate Professor of Chemistry at Obafemi Awolowo University. Although he was originally trained in synthetic organic chemistry, his research has expanded into medicinal chemistry, where he combines chemical design, computer-based analysis and biological testing to create new drug candidates. His current focus is malaria, a disease that continues to kill hundreds of thousands of people each year, especially in sub-Saharan Africa.

According to Dr. Fadare, malaria treatment has always faced the problem of drug resistance. Over time, the parasite adapts to existing medicines, making them less effective. He explained that unless scientists continue to develop new drugs that attack the parasite in different ways, resistance will continue to spread. This growing challenge is one of the main reasons his team is working to identify new drug targets.

Transketolase plays a vital role in the parasite’s metabolism and survival. For many years, scientists knew it was a promising drug target but lacked detailed experimental data about its structure. Without that information, most researchers had to rely on computer models, which limited how accurately drugs could be designed. By successfully producing, engineering and crystallising the protein, the Nigerian-led team removed this long-standing obstacle.

The project was completed through a collaboration involving Nigerian scientists working in Nigeria, the United Kingdom, Canada and the United States. While Dr Fadare’s laboratory designed and synthesised new chemical compounds in Ile-Ife, collaborators abroad handled protein cloning, expression, crystallisation, inhibition testing and advanced data analysis. The work was coordinated across multiple countries but remained Nigerian-driven in leadership and authorship.

Beyond solving the protein structure, the researchers have already identified several small molecules that strongly block the parasite’s transketolase enzyme. Importantly, these compounds show little effect on the human version of the same enzyme. Fadare explained that although humans also have transketolase, there are small but meaningful differences between the human and parasite proteins. These differences make it possible to design drugs that kill the parasite without harming the patient.

The next stage of the research will focus on improving these promising compounds, making them more effective and more selective. The long-term goal is to develop a new class of antimalarial drugs that can overcome resistance and remain effective for many years.

Fadare also used the breakthrough to draw attention to wider challenges facing scientific research in Nigeria and across Africa. He noted that most medicines and pharmaceutical ingredients used in Nigeria are imported, even though local scientists have the knowledge needed to produce them. He said the lack of strong research funding, industrial support and manufacturing capacity continues to slow progress and drives many young scientists to seek opportunities abroad.

Despite these challenges, he believes the breakthrough shows what is possible when local talent is supported and connected to global research networks. He stressed the importance of mentoring young scientists and building long-term collaborations that can strengthen Nigeria’s position in medical research and drug development.

According to him, sustained investment in science and technology is essential for improving healthcare and reducing dependence on foreign medicines. With the right support, he believes Nigeria can play a leading role in developing future treatments for diseases that affect millions of people across Africa and beyond.