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Nigeria’s FDI falls to $135 million despite capital inflow surge

Foreign Direct Investment
Foreign Direct Investment

By Boluwatife Oshadiya | June 4, 2026

Key Points

  • Foreign Direct Investment declined to $135.08 million in Q1 2026
  • Overall capital importation rose sharply to $10.37 billion during the quarter
  • Portfolio investments continued to dominate foreign capital inflows

Main Story

The figure represents a decline from the $357.80 million recorded in the fourth quarter of 2025 and highlights the continued weakness of long-term investment flows into Africa’s largest economy.

The decline occurred even as total capital importation rose to $10.37 billion during the quarter, up from $6.44 billion in Q4 2025 and $5.64 billion in the corresponding period of 2025.

According to the NBS, equity investment accounted for $120.34 million of total FDI inflows, while other capital contributed $14.74 million.

Meanwhile, portfolio investments remained the dominant component of foreign capital inflows, reflecting strong investor participation in money market instruments and government securities.

Economists generally regard FDI as a more stable source of foreign capital because it is typically linked to business expansion, infrastructure projects, industrial development and job creation.

The Issues

The widening gap between portfolio investment and FDI continues to raise questions about Nigeria’s ability to attract long-term productive capital.

While reforms in the foreign exchange market and monetary policy have improved investor sentiment, concerns around infrastructure deficits, policy consistency, energy costs and regulatory uncertainty remain factors influencing long-term investment decisions.

What’s Being Said

“Foreign Direct Investment stood at $135.08 million in Q1 2026,” the National Bureau of Statistics reported.

Economic analysts have noted that while higher portfolio inflows provide foreign exchange support, sustainable economic growth requires stronger investments in factories, infrastructure and productive enterprises.

What’s Next

  • Policymakers are expected to continue reforms aimed at improving Nigeria’s investment climate
  • Investors will closely monitor economic stability, inflation and exchange rate management
  • Future capital importation reports will indicate whether FDI inflows begin to recover during the remainder of 2026

Bottom Line

The Bottom Line: Nigeria’s record capital inflows mask an underlying challenge—foreign investors remain far more comfortable buying financial assets than making long-term commitments to the real economy. Until FDI strengthens meaningfully, questions about sustainable investment-led growth are likely to persist.

Foreign capital inflows rise 84% to $10.37 billion in Q1 2026

Dollar

By Boluwatife Oshadiya | June 4, 2026

Key Points

  • Nigeria attracted $10.37 billion in capital importation during Q1 2026
  • Portfolio investments accounted for more than 95% of total inflows
  • The United Kingdom and United States remained the largest sources of foreign capital

Main Story

Nigeria recorded $10.37 billion in capital importation during the first quarter of 2026, representing an 83.8% increase from the $5.64 billion reported in the corresponding period of 2025.

Data released by the National Bureau of Statistics (NBS) showed that capital inflows also increased by 61% from the $6.44 billion recorded in the fourth quarter of 2025, highlighting growing foreign investor interest in Nigerian financial assets.

Portfolio investments remained the dominant source of inflows, contributing $9.86 billion or 95.1% of total capital imported into the country. Money market instruments accounted for $6.50 billion, while bond investments attracted $3.23 billion.

The banking sector emerged as the largest recipient of foreign capital, attracting $7.55 billion, followed by the financing sector with $2.43 billion. Together, both sectors accounted for more than 96% of total inflows during the quarter.

The United Kingdom led foreign capital sources with $5.08 billion, representing nearly half of total inflows. The United States contributed $3.18 billion, while South Africa accounted for $983.8 million.

Among financial institutions, Standard Chartered Bank Nigeria processed the highest volume of capital inflows at $4.41 billion, followed by Stanbic IBTC Bank with $2.78 billion.

The latest figures reflect sustained investor confidence in Nigeria’s fixed-income market, driven by elevated yields, exchange rate reforms and tighter monetary policy by the Central Bank of Nigeria.

The Issues

The strong inflow figures continue to reveal a structural imbalance in Nigeria’s foreign investment profile. While portfolio investments surged, productive sectors such as manufacturing, agriculture, oil and gas, health and education attracted relatively limited capital.

Analysts have repeatedly argued that long-term economic growth depends on stronger foreign direct investment rather than short-term portfolio flows, which can quickly exit markets during periods of uncertainty.

What’s Being Said

“In Q1 2026, total capital importation into Nigeria stood at $10.37 billion, higher than the $5.64 billion recorded in Q1 2025,” the National Bureau of Statistics stated in its report.

Analysts say the surge reflects investor confidence in Nigeria’s monetary reforms and attractive fixed-income returns, although concerns remain about the concentration of inflows in financial assets.

What’s Next

  • Investors will monitor future decisions of the Central Bank of Nigeria regarding interest rates
  • Market participants are expected to watch exchange rate stability and inflation trends throughout the year
  • The NBS will publish second-quarter capital importation data later in 2026, providing further insight into investment patterns

Bottom Line

The Bottom Line: Nigeria is attracting significantly more foreign capital, but most of the money is flowing into short-term financial instruments rather than productive sectors. Sustaining investor confidence while increasing long-term investments remains one of the country’s biggest economic challenges.

Davido, Burna Boy, Rema, Ayra Starr lead Nigeria’s presence on FIFA World Cup soundtrack

Key Points

  • Davido, Rema, Burna Boy and Ayra Starr have been featured on the official FIFA World Cup 2026 album.
  • FIFA President Gianni Infantino unveiled the tracklist on social media.
  • The project features global music stars from different continents and genres.
  • Nigerian artistes appear alongside international acts including Shakira, LISA, Anitta, Nelly Furtado and Latto.
  • The album is part of FIFA’s campaign to promote unity through football and music ahead of the 2026 World Cup.

Main Story

Nigeria’s growing influence on the global music scene has received another major boost, with four of the country’s biggest stars—Davido, Rema, Burna Boy and Ayra Starr—earning spots on the official FIFA World Cup 2026 album.

The tracklist was unveiled by FIFA President Gianni Infantino, who described the project as an “extraordinarily strong music squad” assembled to soundtrack the world’s biggest football tournament.

The album forms part of FIFA’s broader entertainment strategy ahead of the 2026 World Cup, which will be jointly hosted by the United States, Canada and Mexico.

Rema features on GOALS alongside LISA and Anitta, while Ayra Starr teams up with American rapper Latto on SHOW ME.

Davido appears on NO PLACE LIKE HOME with Major Lazer and Nelly Furtado, while Burna Boy collaborates with Colombian superstar Shakira on DAI DAI.

The Issues

The inclusion of four Nigerian artistes on the FIFA World Cup album further highlights the global reach of Afrobeats and the increasing prominence of Nigerian music on the international stage.

Over the past decade, Nigerian artistes have become regular fixtures at major global events and entertainment projects, reflecting the genre’s expanding commercial and cultural influence.

The FIFA World Cup album also underscores the growing intersection between sports and entertainment, with music serving as a key vehicle for fan engagement and cultural exchange.

What’s Being Said

“The project brings together an extraordinarily strong music squad,” Infantino said.

“The album is designed to reflect global unity through football and music under the theme ‘Football Unites the World’,” FIFA stated.

What’s Next

The FIFA World Cup 2026 official album is expected to be released ahead of the tournament, offering fans a diverse collection of music from some of the world’s biggest stars.

With the competition set to take place across three North American countries, FIFA is expected to continue rolling out promotional initiatives aimed at building excitement and strengthening global engagement ahead of kickoff.

Bottom Line

The selection of Davido, Rema, Burna Boy and Ayra Starr for the FIFA World Cup 2026 official album reinforces Nigeria’s growing influence in global music and further cements Afrobeats as one of the world’s most dominant cultural exports.

Gunmen kidnap Adelabu’s sister, twin sons in Ibadan

BREAKING: Dozens Killed As Explosion Rock Ondo Catholic Church

By Boluwatife Oshadiya | June 4, 2026

Key Points

  • Gunmen abducted former Power Minister Adebayo Adelabu’s younger sister and her twin sons in Ibadan
  • The victims were reportedly seized while on their way to school on Wednesday morning
  • Security agencies have launched investigations and rescue operations following the incident

Main Story

Armed gunmen have kidnapped the younger sister of former Minister of Power and All Progressives Congress (APC) governorship aspirant in Oyo State, Adebayo Adelabu, alongside her twin sons in Ibadan.

The victims, identified as Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, were reportedly abducted around 7:30 a.m. on Wednesday while travelling to school in the Challenge area of Ibadan South-West Local Government Area.

The incident was confirmed in a statement issued by Adelabu’s media aide, Femi Awogboro, who disclosed that the abductors intercepted the family and forcefully took them away.

According to the statement, Mrs John-Paul, 43, recently retired after serving in both the Central Bank of Nigeria (CBN) and First Bank Pension Custodian. Following her retirement, she relocated to Ibadan with her children while preparing to join her husband in the United States.

Awogboro said security agencies were immediately alerted after the incident and had commenced investigations aimed at securing the victims’ release and apprehending those responsible.

The kidnapping adds to growing security concerns in Oyo State, where incidents of abduction for ransom have continued to attract public attention. Recent security reports indicate that kidnappers increasingly target high-profile individuals, politicians, business executives and their relatives.

What’s Being Said

“The family of Adebayo Adelabu wishes to formally confirm the unfortunate kidnapping of his younger sister, Olaide Busayo Adegoke John-Paul, alongside her twin sons in the early hours of Wednesday,” said Femi Awogboro, Media Aide to Adebayo Adelabu.

“Efforts are currently ongoing to ensure the safe rescue of the victims and the apprehension of those responsible for this heinous crime,” Awogboro added.

Oyo State Police Public Relations Officer, Olayinka Ayanlade, said authorities were still verifying details of the incident at the time of reporting.

What’s Next

  • Security agencies are expected to intensify search-and-rescue operations across identified locations in Oyo State
  • Investigators are likely to review surveillance footage and intelligence reports linked to the abduction
  • The Adelabu family has appealed to the public to provide useful information through official security channels

Bottom Line

The Bottom Line: The latest kidnapping underscores the persistent security challenges facing parts of Oyo State despite ongoing law enforcement efforts. The abduction of relatives of prominent political figures is likely to renew calls for stronger anti-kidnapping measures and improved intelligence gathering across the state.

Week 49 Pool Result for Sat 6, Jun 2026, Aussie 2026

Week 49 pool results 2026: Football pools results, live football pool result today, pool result today saturday matches, pool results for this week, british and aussie pool result, football pools results and fixtures, pools panel results today, pool panel results and live score pool result today. We publish half-time results first of its kind.

Week 49 Pool Results: Football pools results for this week 49 2026 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 49 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 49; SEASON: AUSSIE 2026; DATE: 06-June-2026
Football Pools ResultsHTFTStatus
1A.LeichhardtManly Utd.-:--:-Saturday
2Blacktown C.Rockdale-:--:-Sunday
3Marconi S.Wollongong-:--:-Sunday
4SD RaidersUNSW-:--:-Saturday
5St George C.Sydney O.-:--:-Saturday
6St George S.Sutherland-:--:-Saturday
7WS WanderersSydney Utd.-:--:-Saturday
8Bankstown C.Northern T.-:--:-Saturday
9Dulwich HillCentral Coast-:--:-Saturday
10Hakoah S.Blacktown Sp-:--:-Saturday
11Hills Utd.B. Academy-:--:-Void
12Inter LionsHurstville Z.-:--:-Saturday
13Newcastle J.Prospect Utd.-:--:-Saturday
14RydalmereMacarthur R.-:--:-Saturday
15Western CityCanterbury B.-:--:-Saturday
16Brisbane C.Qld Lions-:--:-Saturday
17Gold Coast U.Wyn Wolves-:--:-Sunday
18Magic Utd.Brisbane R.-:--:-Saturday
19RochedalePeninsula-:--:-Saturday
20Brisbane S.Robina City-:--:-Saturday
21Broadbeach U.Holland Park-:--:-Saturday
22CabooltureIpswich-:--:-Saturday
23St George W.Redlands-:--:-Sunday
24SC WanderersNorth Star-:--:-Saturday
25DandenongGeorge Cross-:--:-Saturday
26S. MelbourneAltona M.-:--:-Sunday
27ManninghamWestern Utd.-:--:-Saturday
28Melbourne S.N. Geelong-:--:-Saturday
29N. SunshineMelbourne K.-:--:-Saturday
30P. MelbourneBrunswick C.-:--:-Saturday
31ArmadaleFremantle-:--:-Saturday
32BalcattaSorrento-:--:-Saturday
33Perth GloryOlympic K.-:--:-Saturday
34Perth RedStarWestern K.-:--:-Saturday
35Cockburn C.Subiaco-:--:-Saturday
36Inglewood U.Curtin Univ-:--:-Saturday
37Kingsley W.Quinns-:--:-Saturday
38Murdoch M.Mandurah C.-:--:-Saturday
39NedlandsJoondalup-:--:-Saturday
40CampbelltownPara Hills-:--:-Saturday
41FK BeogradNE Metro Stars-:--:-Saturday
42PlayfordAd. Comets-:--:-Saturday
43W. AdelaideAdelaide U.-:--:-Sunday
44Ad. AtleticoCumberland-:--:-Saturday
45Blue EaglesAdelaide O.-:--:-Saturday
46Salisbury U.C. Raiders-:--:-Saturday
47S. AdelaideAd. Cobras-:--:-Saturday
48CharlestownCooks Hill U.VoidPPPanel
49ArmeniaKazakhstan-:--:-Saturday

Week 48 Pool Result for Sat 30, May 2026, Aussie 2026

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Week 48 Pool Results: Football pools results for this week 48 2026 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 48 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 48; SEASON: AUSSIE 2026; DATE: 30-May-2026
Football Pools ResultsHTFTStatus
1Manly Utd.Blacktown C.0-:-00-:-0noScoreDraw
2Marconi S.Rockdale0-:-11-:-1ScoreDraw
3Spirit FCA.Leichhardt0-:-01-:-2Away
4St George S.St George C.0-:-00-:-1Away
5Sydney O.SD RaidersVoidPPAway
6Sydney Utd.Sutherland0-:-10-:-1Away
7UNSWWollongong0-:-01-:-0Home
8B. AcademyNewcastle J.0-:-01-:-0Home
9Canterbury B.Inter Lions1-:-24-:-2Home
10Dulwich HillHills Utd.0-:-30-:-6Away
11Hakoah S.Bankstown C.1-:-11-:-2Away
12Hurstville Z.Rydalmere1-:-01-:-0Home
13Macarthur R.Central Coast0-:-01-:-0Home
14Prospect Utd.Northern T.0-:-20-:-3Away
15Gold Coast K.Eastern S.VoidPPScoreDraw
16Gold Coast U.Peninsula0-:-10-:-3Away
17Magic Utd.Qld Lions1-:-43-:-5Away
18OlympicBrisbane C.2-:-22-:-3Away
19RochedaleMoreton C.VoidPPAway
20Broadbeach U.St George W.VoidPPHome
21CabooltureCapalaba1-:-02-:-1Home
22IpswichRobina CityVoidPPHome
23RedlandsSC WanderersVoidPPScoreDraw
24Altona M.Oakleigh C.0-:-10-:-2Away
25AvondaleBentleigh G.2-:-04-:-0Home
26George CrossGreen Gully0-:-00-:-0noScoreDraw
27Hume CityS. Melbourne0-:-01-:-1ScoreDraw
28Melbourne C.Dandenong C.0-:-00-:-1Away
29St AlbansPreston Lions0-:-10-:-1Away
30Melbourne S.Langwarrin0-:-00-:-0noScoreDraw
31N. GeelongN. Sunshine0-:-02-:-0Home
32Western Utd.Northcote C.1-:-11-:-2Away
33ArmadalePerth Glory2-:-23-:-2Home
34Fremantle C.Perth RedStar0-:-22-:-2ScoreDraw
35SorrentoBayswater0-:-01-:-2Away
36Stirling M.Balcatta2-:-03-:-1Home
37Western K.Perth Azzurri2-:-23-:-4Away
38Adelaide U.Playford0-:-00-:-0noScoreDraw
39NE Metro StarsCampbelltown3-:-04-:-0Home
40Para HillsCroydon0-:-21-:-5Away
41Sturt LionsFK Beograd0-:-12-:-1Home
42W. AdelaideAdelaide C.0-:-11-:-2Away
43AdamstownNewcastle O.2-:-02-:-0Home
44BroadmeadowsLambton J.1-:-02-:-1Home
45Charleton A.Weston BearsVoidPPScoreDraw
46Cooks HillValentineVoidPPScoreDraw
47Edgeworth E.KahibahVoidPPHome
48MaitlandB. Swansea1-:-02-:-1Home
49DevonportUlverstone0-:-01-:-0Home

Adamawa inferno: 4 Corps members, two others killed in highway collision

Key Points

  • Four serving NYSC members and two other persons died in a fatal road crash in Adamawa State.
  • The accident occurred in the Narehi area of Girei-Song Local Government Area.
  • The victims were reportedly burnt to death after a commercial bus caught fire following a collision with a military vehicle.
  • Two of the deceased corps members have been identified as Suleuman Juliet and Usman Shuaibu from Kaduna State.
  • Police have commenced efforts to identify the remaining victims and contact their families.

Main Story

A tragic road accident in Adamawa State has claimed the lives of four members of the National Youth Service Corps (NYSC) and two other individuals after a commercial vehicle burst into flames following a collision with a military truck.

The incident occurred on Wednesday in the Narehi area of Girei-Song Local Government Area, leaving six people dead and plunging families and communities into mourning.

According to the Adamawa State Police Command, preliminary investigations revealed that a military gun truck travelling from Gombi to Yola collided head-on with a commercial Hummer bus conveying passengers from Yola to Mubi.

The impact reportedly caused the commercial bus to overturn before it was engulfed by fire, trapping its occupants.

Authorities confirmed that four of the victims were serving corps members posted to Adamawa State. Two of them have been identified as Suleuman Juliet and Usman Shuaibu, both from Kaduna State, while efforts continue to ascertain the identities of the remaining victims.

The Issues

The latest tragedy has once again highlighted concerns over road safety and the devastating consequences of traffic collisions involving heavy-duty and commercial vehicles on Nigerian highways.

The incident also underscores the risks faced by corps members and other road users who frequently travel across the country for official assignments, personal engagements and inter-state movements.

Police authorities disclosed that, in addition to the corps members and civilian victims, a military personnel attached to one of the vehicles involved in the crash also lost his life.

The bodies of the deceased have since been evacuated to the Specialist Hospital in Yola as authorities work to identify all victims and notify their relatives.

What’s Being Said

“The unfortunate incident involved a military gun truck travelling from Gombi towards Yola and a commercial Hummer bus conveying five passengers from Yola to Mubi,” Nguroje said.

“Preliminary findings reveal that both vehicles were involved in a head-on collision, resulting in the commercial bus flipping over and bursting into flames,” Nguroje stated.

“Tragically, all five passengers aboard the Hummer bus were burnt to death after the vehicle caught fire following the collision,” Nguroje added.

“The corpses have been evacuated to the Specialist Hospital, Yola, while efforts are ongoing to identify the remaining bodies and locate their families,” the police stated.

What’s Next

The Adamawa State Police Command said investigations into the circumstances surrounding the crash are ongoing.

Authorities are also working to identify the remaining victims, contact their next of kin and provide necessary support to affected families.

Meanwhile, the Commissioner of Police in Adamawa State has extended condolences to the bereaved families, the Nigerian Armed Forces, the NYSC and all others impacted by the tragedy.

Bottom Line

The devastating Adamawa crash has left six people dead, including four serving corps members, raising renewed concerns about road safety and the human cost of fatal highway accidents across the country.

Week 52 Pool Fixtures for Sat 27, Jun 2026, Aussie 2026

Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022
Week 52 Pool Fixture for Sat 2, July 2022: Aussie 2022

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WEEK: 52; SEASON: AUSSIE 2026; DATE: 27-06-2026
Pools FixturesStatus
1A.LeichhardtRockdaleSunday
2Marconi S.Blacktown C.Sunday
3NSW SpiritWollongongSaturday
4SD RaidersSt George C.Saturday
5St George S.Sydney O.Saturday
6UNSWSutherlandSaturday
7WS WanderersManly Utd.Saturday
8Canterbury B.Central CoastSaturday
9Hurstville Z.Hills Utd.Saturday
10Inter LionsNewcastle J.Saturday
11MacArthur R.Hakoah S.Saturday
12Northern T.Dulwich HillsSaturday
13Prospect Utd.B. AcademySunday
14Western CityBankstown C.Saturday
15Eastern S.Olympic FCSaturday
16Gold Coast U.Moreton C.E.Sunday
17Magic Utd.Brisbane C.Saturday
18PeninsulaBrisbane R.Saturday
19Qld LionsWyn WolvesSunday
20Broadbeach U.CapalabaSaturday
21Logan L.CabooltureSaturday
22St George W.North StarSaturday
23SC WanderersRobina BaySaturday
24Dandenong T.Hume CitySaturday
25George CrossPreston LionsSaturday
26S. MelbourneGreen GullySunday
27ArmadatePerth AzzuriSaturday
28DianellaSorrentoSaturday
29FremantleWestern K.Saturday
30Olympic K.BalcattaSaturday
31Perth GloryStirling M.Saturday
32CampbelltownW. AdelaideSaturday
33Para HillsNE Metro StarsSaturday
34PlayfordFK BeogradSaturday
35Ad. AtleticoBlue EaglesSaturday
36Adelaide C.R.Ad. CobrasSaturday
37Modbury J.Adelaide O.Saturday
38Salisbury U.Cove FCSaturday
39S. AdelaideFulham Utd.Saturday
40BroadmeadowsWeston BearsSunday
41CharlestownB. SwanseaSaturday
42Edgeworth E.AdamstownSaturday
43KahibahMaitlandSunday
44Newcastle O.Cooks Hill U.Saturday
45ValentineLambton J.Saturday
46Clarence Z.Launceston U.Saturday
47KingsboroughDevonportSunday
48Launceston C.South East U.Sunday
49Riverside O.UlverstoneSaturday

Week 51 Pool Fixtures for Sat 20, Jun 2026, Aussie 2026

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WEEK: 51; SEASON: AUSSIE 2026; DATE: 20-06-2026
Pools FixturesStatus
1Blacktown C.A.LeichhardtSunday
2Manly Utd.St George S.Saturday
3Marconi S.UNSWSunday
4St George C.NSW SpiritSaturday
5Sydney O.RockdaleSaturday
6Sydney Utd.SD RaidersSunday
7WS WanderersSutherlandSaturday
8Bankstown C.Central CoastSaturday
9B. AcademyHurstville Z.Saturday
10Dulwich HillBlacktown Sp.Saturday
11Hakoah S.Northern T.Saturday
12Hills Utd.Prospect Utd.Saturday
13Inter LionsWestern CitySaturday
14Newcastle J.Macarthur R.Saturday
15RydalmereCanterbury B.Saturday
16Eastern S.Brisbane C.Saturday
17Gold Coast U.Brisbane R.Saturday
18Moreton C.E.Wyn WolvesSaturday
19OlympicPeninsulaSunday
20Qld LionsRochedaleSunday
21CapalabaSC WanderersSaturday
22North StarBroadbeach U.Saturday
23RedlandsIpswichSaturday
24Robina CityLogan L.Saturday
25AvondaleDandenong T.Saturday
26George CrossDandenong C.Saturday
27Heidelberg U.Preston LionsSaturday
28Hume CityGreen GullySaturday
29St AlbansAltona MagicSunday
30ManninghamN. GeelongSaturday
31Melbourne S.Melbourne K.Saturday
32N. SunshineNorthcote C.Saturday
33BalcattaPerth AzzurriSaturday
34FremantleDianellaSaturday
35Olympic K.Stirling M.Saturday
36Perth GloryPerth RedStarSaturday
37SorrentoArmadaleSaturday
38Western K.BayswaterSaturday
39Adelaide C.NE Metro StarsSaturday
40Adelaide Utd.Ad. CometsSaturday
41FK BeogradWT BirkallaSaturday
42PlayfordCampbelltownSaturday
43Sturt LionsPara HillsSaturday
44W. AdelaideCroydonSaturday
45B. SwanseaBroadmeadowSaturday
46Cooks Hill U.Weston BearsSaturday
47Kahibah FCCharlestownSunday
48Lambton J.AdamstownSaturday
49MaitlandNewcastle O.Sunday

Oil Prices Slip as Trump Signals Progress in US-Iran Talks

By Boluwatife Oshadiya | June 3, 2026

Key Points

  • Brent crude fell below $95 per barrel after gaining more than 5% in the previous session
  • Donald Trump said negotiations with Iran remain active despite reports of a suspension
  • Investors continue monitoring risks to shipping through the Strait of Hormuz

Main Story

Global oil prices eased on Tuesday after a sharp rally in the previous session, as investors weighed conflicting reports regarding ongoing negotiations between the United States and Iran.

Brent crude declined 0.94% to $94.08 per barrel, while US benchmark West Texas Intermediate (WTI) fell 1.01% to $91.22 per barrel.

Market sentiment shifted after Iran’s semi-official Tasnim news agency reported that Tehran had suspended indirect talks with Washington through regional mediators in response to recent Israeli military actions in Lebanon.

However, US President Donald Trump sought to reassure markets, stating that discussions with Iran were continuing and that an agreement concerning regional security and maritime navigation through the Strait of Hormuz could be reached within a week.

The Strait of Hormuz remains one of the world’s most critical energy corridors, handling roughly one-fifth of global oil supplies. Any disruption to shipping through the waterway typically triggers immediate volatility in energy markets.

Analysts note that oil prices remain highly sensitive to geopolitical developments in the Middle East, particularly amid ongoing tensions involving Iran, Israel and Hezbollah.

Although reports suggested a possible de-escalation between Israel and Hezbollah, contradictory statements from regional leaders have kept uncertainty elevated and maintained a geopolitical risk premium in crude markets.

What’s Being Said

“Looking good, looking good,” US President Donald Trump told ABC News when asked about the status of negotiations with Iran.

“There had been a minor glitch,” Trump said, referring to Iranian concerns over Israeli military actions in Lebanon.

Meanwhile, Israeli Prime Minister Benjamin Netanyahu stated: “Our position remains unchanged. At the same time, the army will continue to operate as planned in southern Lebanon.”

What’s Next

  • Investors will closely monitor developments in US-Iran negotiations over the coming week
  • Markets remain focused on the security of shipping routes through the Strait of Hormuz
  • Any escalation involving Israel, Hezbollah or Iran could trigger renewed volatility in global energy prices

Bottom Line

The Bottom Line: Oil markets remain hostage to geopolitical headlines. While diplomatic progress between Washington and Tehran could ease supply concerns, uncertainty surrounding regional conflicts continues to keep energy markets on edge.

Nigerian Exchange Extends Losses as Investors Lose ₦478 Billion

Stock Exchange Closes Trading Week With N30bn Gain

By Boluwatife Oshadiya | June 3, 2026

Key Points

  • NGX market capitalisation declined by ₦478 billion on Tuesday amid persistent sell pressure
  • The All-Share Index fell 0.35% to close at 246,686.66 points
  • Banking, insurance, consumer goods and oil and gas stocks recorded losses

Main Story

The Nigerian Exchange (NGX) extended its bearish run on Tuesday as investors lost approximately ₦478 billion following widespread selloffs across key sectors of the equities market.

Market data showed the NGX All-Share Index (ASI) declined by 0.35 percent to close at 246,686.66 points, dragging the market capitalisation lower to ₦158.21 trillion. The latest decline follows losses of about ₦1.81 trillion recorded at the close of May, reflecting continued profit-taking activities by investors.

Trading activity weakened significantly during the session. Total transaction volume fell by 36.26 percent to 718.77 million shares, while transaction value dropped by 33.82 percent to ₦29.31 billion. The number of deals also declined by 21.98 percent to 71,683 transactions.

Market breadth remained negative, with 37 stocks closing lower against 14 gainers. Leading gainers included INTENEGINS, TRANSEXPR, NEIMETH, LIVINGTRUST and ABBEYBDS. On the losers’ chart, CWG, PZ, ABCTRANS, WEMABANK and SOVRENINS posted the sharpest declines.

Sectoral performance was largely negative. The Banking Index shed 1.63 percent, while the Insurance, Consumer Goods and Oil & Gas indices lost 0.44 percent, 0.50 percent and 0.04 percent respectively. Industrial Goods and Commodity sectors closed unchanged.

“The market continues to witness cautious sentiment as investors reassess portfolio positions following the strong rally seen earlier in the year,” a Lagos-based equity analyst said.

What’s Being Said

“Market breadth remained weak as sell pressure outweighed bargain hunting across most sectors,” stockbrokers said in separate market updates.

Independent market analysts noted that profit-taking activities are likely to persist in the near term as investors seek value opportunities amid elevated market valuations.

What’s Next

  • Investors will monitor corporate earnings releases and dividend announcements for fresh market catalysts.
  • Analysts expect mixed sentiment in subsequent trading sessions as bargain hunters return to selected stocks.
  • Monetary policy developments and fixed-income yields will remain key factors influencing investor decisions.

Bottom Line

The Bottom Line: The latest decline highlights growing caution among equity investors after months of strong market gains. Unless fresh positive catalysts emerge, profit-taking and sector rotation could continue to weigh on market performance in the short term.

Naira Strengthens to ₦1,361/$ as FX Turnover Declines

By Boluwatife Oshadiya | June 3, 2026

Key Points

  • Naira appreciated to ₦1,361.05 per dollar at the official market on Tuesday
  • Interbank FX turnover declined to $169.82 million from $177.93 million
  • Parallel market rate weakened to ₦1,380 per dollar amid rising informal demand

Main Story

The naira strengthened against the United States dollar at the official foreign exchange market on Tuesday despite a decline in interbank trading activity, supported by sustained FX liquidity and improved market confidence.

Data released by the Central Bank of Nigeria (CBN) showed that the local currency closed at ₦1,361.05 per dollar at the Nigerian Foreign Exchange Market (NFEM), compared with previous levels, as demand pressures eased during the trading session.

The official exchange rate traded within an intraday range of ₦1,359.50 and ₦1,365 per dollar. Meanwhile, total FX turnover at the interbank market declined to $169.82 million across 168 deals, down from $177.93 million recorded in the previous session.

At the parallel market, however, the naira weakened to ₦1,380 per dollar as demand from informal market participants increased.

Analysts attributed the resilience of the local currency to healthy foreign exchange reserves, improved inflows from crude oil exports and continued foreign portfolio investment interest in Nigerian fixed-income assets.

Global market developments also provided support for emerging market currencies. International investors continued to monitor ongoing diplomatic engagements between the United States and Iran, with expectations that any agreement could help stabilise global energy markets.

“Robust FX liquidity at the Nigerian Foreign Exchange Market supported the naira’s appreciation during Tuesday’s trading session,” market analysts noted.

What’s Being Said

“The outlook for the naira remains positive, supported by external reserves and sustained foreign exchange inflows from hydrocarbon exports,” Broadstreet analysts said.

Independent currency traders said demand conditions in the parallel market remain elevated despite improvements in official market liquidity.

What’s Next

  • Investors will monitor CBN interventions and FX liquidity levels in the coming weeks.
  • Oil price movements and export earnings will remain critical to the naira’s performance.
  • Markets will continue tracking developments in global energy markets and US-Iran negotiations for potential impact on foreign exchange flows.

Bottom Line

The Bottom Line: The naira’s appreciation at the official market suggests that liquidity conditions remain supportive despite lower trading volumes. However, the divergence between official and parallel market rates indicates that demand pressures in the informal market have not fully eased.

Nigeria’s Assets Under Management Reach N10 Trillion as Capital Market Reforms Gain Momentum

By Boluwatife Oshadiya | June 3, 2026

Key Points

  • Nigeria’s Assets Under Management (AUM) rose from ₦3.2 trillion to ₦10 trillion within two years
  • Market capitalisation recorded a historic ₦17.6 trillion increase in February 2026 alone
  • SEC says the transition to the T+1 settlement cycle will improve market liquidity and attract more foreign investors

Main Story

Nigeria’s capital market has recorded significant growth over the past two years, with Assets Under Management (AUM) increasing from ₦3.2 trillion to ₦10 trillion, according to the Securities and Exchange Commission (SEC).

Speaking in Lagos on Monday during an event marking Nigeria’s transition to the T+1 settlement cycle, SEC Director-General, Dr. Emomotimi Agama, said the expansion reflects rising investor confidence and the impact of ongoing reforms across the capital market ecosystem.

Agama disclosed that the market achieved several record-breaking milestones in recent months, including a historic ₦17.6 trillion increase in market capitalisation in February 2026, the largest monthly gain ever recorded in Nigeria’s capital market.

He further revealed that domestic and foreign portfolio investments on the Nigerian Exchange (NGX) climbed to ₦1.803 trillion in April 2026, representing a 3.35% month-on-month increase and a 274.05% rise compared with ₦482 billion recorded in April 2025.

According to SEC data, total market transactions between January and April 2026 reached ₦5.952 trillion, more than double the ₦2.714 trillion recorded during the corresponding period in 2025.

The SEC chief also noted that the capital market’s contribution to Nigeria’s Gross Domestic Product (GDP) rose to 33% in 2025, while overall market capitalisation has increased by approximately 125% from about ₦55 trillion recorded in April 2024.

Foreign participation in Nigerian equities also improved significantly, rising from 9.9% in 2023 to 22.2% in 2025, reflecting renewed investor interest following foreign exchange reforms and improved market transparency.

A major focus of the event was Nigeria’s adoption of the T+1 settlement cycle, which shortens the time required to complete securities transactions from two business days to one. The move aligns Nigeria with major global financial markets such as the United States, India, and Canada, which have already implemented similar settlement frameworks.

What’s Being Said

“The Nigerian capital market has recorded historic milestones. Within two years, the nation’s Assets Under Management grew from ₦3.2 trillion to ₦10 trillion,” said Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission.

“In February 2026 alone, market capitalisation expanded by ₦17.6 trillion, representing the highest single-month gain in the market’s history,” Agama added.

Market analysts say the migration to T+1 settlement could enhance liquidity, reduce settlement risks and improve Nigeria’s attractiveness to international institutional investors seeking faster transaction processing.

What’s Next

  • SEC plans to officially unveil the Nigerian Capital Market Master Plan 2.0 between June and July 2026
  • Market operators are expected to complete upgrades to trading, clearing and settlement systems to support the T+1 framework
  • Regulators will continue efforts to increase foreign investor participation and deepen market liquidity

Bottom Line

The Bottom Line: Nigeria’s capital market is experiencing one of its strongest growth cycles in recent history, supported by regulatory reforms, improved investor confidence and rising market participation. The successful implementation of the T+1 settlement cycle could further strengthen the market’s competitiveness as Nigeria seeks to attract larger volumes of domestic and foreign capital.

Global Markets Mixed as US-Iran Tensions Cloud Investor Sentiment

Oil Tankers at the Strait of Hormuz

By Boluwatife Oshadiya, | June 3, 2026

Key Points

  • Global equities traded mixed as renewed US-Iran tensions weighed on investor confidence
  • European markets closed lower while Wall Street reached fresh record highs
  • Rising oil prices and geopolitical risks continue to influence market direction

Main Story

Global equity markets delivered mixed performances on Tuesday as investors assessed renewed tensions between the United States and Iran alongside a sharp rise in energy prices.

Investor sentiment weakened after reports emerged that Iran had suspended ceasefire discussions with Washington, raising concerns over potential disruptions to regional stability and global energy supplies.

European markets closed lower amid growing uncertainty. The FTSE 100 fell 0.68%, while the Euro Stoxx 50 declined 0.26% as investors reacted to rising sovereign bond yields and renewed geopolitical risks.

In contrast, Wall Street extended its rally, with the S&P 500 gaining 0.26%, the Nasdaq rising 0.42%, and the Dow Jones Industrial Average advancing 0.09%. Technology stocks continued to drive gains as investors remained optimistic about artificial intelligence-related growth opportunities.

Asian markets showed a mixed picture. Hong Kong’s Hang Seng Index gained 1.46%, supported by continued enthusiasm around AI investments. Japan’s Nikkei 225 declined 1.29%, while Australia’s ASX 200 slipped 0.22% as traders adopted a more cautious stance ahead of economic data releases.

South Africa’s Johannesburg Stock Exchange (JSE) also faced pressure. The All Share Index fell 2.27%, while the Top 40 Index declined 2.48%, marking its fifth consecutive day of losses.

Mining and resource stocks led the decline as higher oil prices reignited concerns over inflation and global economic growth.

What’s Being Said

“Global futures continue to edge lower as conflicting headlines relating to negotiations between the United States and Iran keep investors cautious,” analysts at First National Bank (FNB) said in a market note.

Market strategists say investors are increasingly balancing optimism around artificial intelligence-driven growth against concerns that geopolitical instability could fuel inflationary pressures and delay interest-rate cuts across major economies.

What’s Next

  • Investors will monitor developments in US-Iran negotiations and Middle East security conditions
  • Upcoming inflation and employment data releases could influence central bank policy expectations
  • Oil price movements are likely to remain a key driver of global market sentiment

Bottom Line

The Bottom Line: Global markets are being pulled in opposite directions by strong technology-sector optimism and rising geopolitical risks. Unless tensions in the Middle East ease substantially, investors may continue to favour defensive assets while maintaining selective exposure to growth sectors.

NNPC Foundation urges youth to lead innovation in addressing national energy deficit

Key points

  • The NNPC Foundation Ltd. has urged Nigerian youths to lead efforts in addressing the energy deficit through innovation and STEAM application.
  • The official unveiling of the Energy on Wheels Project for Schools aims to bring energy awareness and education to schools and communities nationwide.
  • This initiative is designed to align with corporate goals of making energy available, affordable, and accessible to all Nigerians.
  • The project promotes the protection of critical infrastructure by discouraging vandalism and actions that undermine the nation’s energy future.
  • Since its establishment in 2023, the foundation has focused its interventions across four critical areas: education, health, environment, and access to energy.

Main Story

The NNPC Foundation Ltd. has urged Nigerian youths to take the lead in addressing energy deficit through innovation, creativity and the application of Science, Technology, Engineering, Arts and Mathematics (STEAM).

Mrs Emmanuella Arukwe, Managing Director, NNPC Foundation Ltd. made the call on Tuesday in Abuja at the “Battle of the Energy Titans” Awards Ceremony and official unveiling of the “Energy on Wheels Project for Schools”. The ceremony was organised by the NNPC Foundation, in collaboration with the Oloibiri Oil and Gas Entrepreneurs Development (OLOGED) initiative, a Nigerian non- profit that promotes energy and environmental education for schools and communities.

Speaking on the unveiling, Arukwe described the project as a strategic initiative aimed at taking energy awareness and education to schools and communities across the country.

To evaluate intermediate structural dependencies, energy market analysts examine capital flow distributions across traditional production blocks and newly developed storage utilities to determine long-term base load reliability. According to her, the project is designed to engage stakeholders at all levels and encourage Nigerians to play an active role in addressing the nation’s energy deficit. She said the initiative aligned with the NNPC’s goal of making energy not only available but also affordable and accessible to all Nigerians.

Arukwe said that the project would also promote the protection of energy infrastructure by discouraging vandalism and other activities that undermine the country’s energy future. Arukwe said energy poverty remained a pressing challenge globally and stressed the need for young Nigerians to position themselves at the forefront of the ongoing energy transition.

Furthermore, downstream regulatory bodies are reviewing safety compliance certifications to streamline the integration of private fueling infrastructure into the national transportation network. The NNPC Foundation boss said the Foundation was investing in education in line with the Sustainable Development Goals (SDGs) to create opportunities for young people to thrive.

She said that since its establishment in 2023, the NNPC Foundation had focused its interventions on four critical areas: education, health, environment and access to energy. According to her, the Foundation’s education empowerment programmes have trained more than 500 Nigerian youths, equipping them with skills for employment and entrepreneurship in both science and creative industries.

She added that the Foundation had also supported young creatives through the African Film Finance Forum (AFFF), helping them pursue entrepreneurial opportunities. She also said the NNPC Ltd. was set to resume its annual NNPC STEM Competition. Arukwe received Energy Champion Award from the OLOGED initiative in recognition of her outstanding leadership in advancing energy sustainability and tackling energy poverty.

The Issues

  • Combating global and domestic energy poverty by placing young innovators at the forefront of the ongoing energy transition.
  • Safeguarding vital infrastructure against vandalism and other destructive behaviors that threaten national sustainability.
  • Scaling technical and entrepreneurial training to equip thousands of citizens with skills to innovate and protect the environment.

What’s Being Said

  • Inviting citizens to view themselves as critical stakeholders in advancing regional utility accessibility and keeping power affordable, Emmanuella Arukwe said: “We want Nigerians to see themselves as partners in the energy sector. Rather than working against energy development, they should work with us to help make energy more affordable and accessible for everyone.”
  • Emphasizing the collective ownership required to secure long-term resource preservation across the country, Arukwe noted: “The Energy on Wheels project is not just for NNPC; it is for all Nigerians because it is about our collective energy future and sustainability,”
  • Outlining the fast-paced evolution required for household lighting, industrial fuel, and connective technologies, she observed: “The world is moving at an incredibly fast pace. Energy poverty is real and urgent. The power that lights our homes, the fuel that drives our industries and the innovations that connect us must evolve.”
  • Challenging youth leaders to utilize their specialized training to drive progress among their peers, she stated: “The energy transition is here, and Nigeria’s youth must be the ones leading the way,”
  • Reminding selected program participants of the operational obligations tied to their developmental funding, she told the participants: “You are among the few who have been given this opportunity, and it comes with responsibility. Use it to innovate, create and lead your peers,”
  • Highlighting the dual corporate focus of expanding cleaner technologies while cultivating subsequent generations of sector leaders, she added: “The NNPC Ltd., as Africa’s largest energy company, is not only investing in gas, renewable energy and cleaner technologies but also developing future innovators and leaders. Through initiatives such as the STEM Book Project, NYSC Empowerment Programme and Climate-Smart Agriculture training, we are equipping thousands of Nigerians with the skills to innovate, feed the nation and protect the environment,”

What’s Next

  • The NNPC Foundation and OLOGED will deploy the Energy on Wheels project to various target schools and communities.
  • Corporate managers will prepare for the upcoming resumption of the annual NNPC STEM Competition.
  • Program coordinators will continue tracking training metrics across the foundation’s core intervention frameworks.

Bottom Line

To mitigate energy poverty and safeguard vital infrastructure, the NNPC Foundation has launched its Energy on Wheels project in partnership with the OLOGED initiative, calling on Nigerian youth to leverage STEAM training and sustainable technology to lead the continent’s clean energy transition.

CAN declares three-day national mourning and Black Sunday over lingering security crisis

Insecurity: 200 Churches Closed, 23 Pastors Killed In Kaduna – CAN

Key points

  • The Christian Association of Nigeria declared a three-day national mourning period from June 12 to June 14 for victims of violent attacks.
  • June 14 has been designated as “Black Sunday” across all Churches to show solidarity with affected families.
  • Archbishop Daniel Okoh expressed deep concern over killings, kidnappings, and community destruction in Oyo, Ogun, Borno, Kwara, and Kogi.
  • The association demanded immediate acceleration of constitutional and legislative processes to establish state police.
  • CAN called for a comprehensive compensation, rehabilitation, and resettlement programme for victims of terrorism.

Main Story

The apex Christian body, CAN, has scheduled a nationwide three-day mourning window running from June 12 through June 14 to pay tribute to individuals affected by the rise in community raids, mass kidnappings, and banditry throughout Nigeria.

As part of this collective remembrance, the group has set aside June 14 as an official “Black Sunday” across all church denominations to show unified support for grieving families. This response was finalized during the National Church Denominational Leaders Summit held under the theme “The State of the Nation and the Way Forward” at the National Christian Centre in Abuja, where Archbishop Daniel Okoh presented the resulting official communiqué.

Expressing profound worry over escalating violence spanning regions like Oyo, Ogun, Borno, Kwara, and Kogi, the Archbishop appealed to the Federal Government to urgently initiate a national state of emergency regarding public safety. He emphasized that safeguarding human life and local property must remain the absolute priority of the ruling administration.

To address these structural gaps, the association has called for an aggressive overhauling of the nation’s defensive framework, stressing that security agencies must improve intelligence sharing, foster better inter-agency cooperation, and enhance operational transparency. Furthermore, the leadership strongly endorsed the decentralization of law enforcement, demanding that lawmakers fast-track the legislative and constitutional processes needed to introduce state police forces.

Additionally, the association demanded that criminal networks immediately and unconditionally set free all abducted students, educators, and citizens currently trapped in captivity. On the humanitarian front, the leadership urged public authorities to set up comprehensive financial compensation, long-term rehabilitation, and resettlement strategies to support displaced individuals and families who have lost their livelihoods or loved ones. Local churches were also instructed to scale up internal intervention efforts by providing trauma counseling and direct humanitarian relief within their respective communities.

The Archbishop criticized political leaders for prioritizing early election campaigns, partisan maneuvering, and political defections while communities continue to suffer under siege, warning the political class to drop these divisive distractions and focus on national security. Finally, CAN called on trade unions, civil groups, and traditional leaders to actively challenge government performance, noting that the church remains dedicated to national peace and that daily prayers must be accompanied by persistent public advocacy.

The Issues

  • Honoring the numerous victims of nationwide banditry, violent attacks, and mass abductions through a coordinated national corporate response.
  • Reforming the centralized security structure by accelerating legislative approvals for state-level law enforcement operations.
  • Rehabilitating displaced persons and providing long-term trauma care through localized church networks and comprehensive government resettlement programs.

What’s Being Said

  • Outlining the severe everyday operational threats and targeted physical assaults facing rural populations, agricultural workers, and commuters, Archbishop Daniel Okoh said: ”Communities are under attack; citizens are kidnapped from their homes and places of work, travelers are abducted on highways, and farmers are driven from their lands.”
  • Detailing the graphic and lethal outcomes inflicted upon vulnerable community members by active militant groups, Okoh added: ”Innocent men, women, and children are killed, maimed, displaced, and, in some cases, brutally beheaded by criminal and terrorist elements,”
  • Condemning the repetitive use of passive defensive statements by political executives during major security emergencies, the CAN President criticised the “recurring resort to conciliatory and pacifist rhetoric by senior government officials” in response to grave security threats, calling instead, for a proactive, result-oriented approach.

What’s Next

  • All local parishes across the federation will observe the designated national mourning period from June 12 to June 14.
  • Churches will hold unified corporate solidarity services on June 14 under the designated “Black Sunday” banner.
  • Faith-based organizations will begin scaling up internal support operations to provide trauma care and material assistance to displaced persons.

Bottom Line

In response to escalating regional violence and mass abductions, the Christian Association of Nigeria has declared a three-day national mourning period culminating in a nationwide “Black Sunday” observation, while demanding a structural overhaul of the national defense architecture, the creation of state police, and comprehensive restitution for victims of terrorism.

CAN urges federal government to declare state of emergency on national security

Insecurity: 200 Churches Closed, 23 Pastors Killed In Kaduna – CAN

Key points

  • The Christian Association of Nigeria has called on the Federal Government to urgently declare a state of emergency on security to protect citizens.
  • Archbishop Daniel Okoh clarified that the call is a necessary reminder for the government to fulfill its constitutional responsibility.
  • The association stated that citizens and churches should defend themselves, their properties, and homes within reasonable legal limits.
  • CAN intends to deploy media engagements and diplomatic back-channels to hold the current administration accountable.
  • The cleric expressed support for international tactical cooperation, specifically between the Federal Government and the United States, to dislodge terrorists.

Main Story

The Christian Association of Nigeria (CAN) has called on the Federal Government to urgently declare a state of emergency on security to protect the lives and property of citizens across the country.

President of CAN, Archbishop Daniel Okoh, made the call on Tuesday in Abuja during the presentation of a communiqué issued at the end of the association’s National Church Denominational Leaders Summit 2026.

Okoh clarified that the call was not intended as a threat to the administration of President Bola Tinubu, but a necessary reminder for government to fulfil its constitutional responsibility of defending the nation’s territorial integrity and ensuring the welfare of Nigerians.

Responding to questions from journalists on whether citizens should resort to self-defence, the CAN President said self-preservation was a natural human instinct, but stressed that any action taken must remain within the boundaries of the law.

He stated that the association would continue to use media advocacy and diplomatic engagements to hold the current administration accountable on issues affecting national security.

According to him, the summit marked only the beginning of a series of strategic engagements aimed at promoting peace and ensuring a safer country for all citizens.

Okoh acknowledged that insecurity, which was initially concentrated in parts of the North and North-Central regions, was gradually spreading to the southern parts of the country.

He also expressed support for international collaborations in tackling insecurity, particularly the tactical cooperation between the Federal Government and the United States.

The cleric reiterated the commitment of the Church to promoting peace, justice and national unity through sustained advocacy and engagement.

The Issues

  • Securing immediate federal intervention and an official emergency declaration to address security threats spreading into southern regions.
  • Guiding community and church self-preservation efforts so that defensive actions remain strictly within reasonable legal limits.
  • Managing international security partnerships and tactical defense cooperation to effectively dislodge deep-seated terrorist networks.

What’s Being Said

  • Expressing hope that public authorities will remain receptive to the structural demands of the religious leadership summit, Archbishop Daniel Okoh said: “We are talking to a government that still has a level of responsibility, and so they will listen. We hope that when they listen, they will do the needful.”
  • Outlining the critical baseline threshold that makes an extraordinary federal intervention necessary, Okoh stated: “It has come to that point where the government will have to declare a state of emergency on security,”
  • Affirming the inherent human drive to resist physical harm during an immediate crisis, he noted: “It is a natural human instinct for one to defend himself.”
  • Defining the formal stance of the religious body regarding the protection of domestic properties and local parishes, he stressed: “But, what we are saying in CAN is that people and Churches should be able to defend themselves, their properties, and their homes within reasonable legal limits,”
  • Explaining why the country should welcome external technical and tactical assistance when domestic capabilities face heavy strain, he observed: “If you are overwhelmed and people are coming to help you, you will not say no. You will welcome them, provided they follow the proper lines of engagement.”
  • Detailing the active collaboration currently occurring between domestic forces and foreign security units to neutralize armed threats, he added: “Our government is cooperating with the government of the United States of America and security forces to help dislodge these miscreants and terrorists.”
  • Reaffirming the long-standing position of the association regarding the utilization of external security alliances, Okoh stressed: “The position of CAN has not changed. If it takes other countries coming to help us out of this situation, so be it,”

What’s Next

  • CAN will follow up on its initial summit by launching a series of strategic media engagements and diplomatic back-channel discussions.
  • Church leaders and block delegates will monitor whether the administration initiates new steps to counter the southward spread of security challenges.
  • Federal authorities will continue their operational coordination with United States security forces to dislodge active insurgent elements.

Bottom Line

Citing the gradual southward expansion of national security threats, the Christian Association of Nigeria has called on the Federal Government to declare an official state of emergency on security, while endorsing legal self-preservation measures and ongoing tactical collaboration with the United States to neutralize terrorist groups.

Bangladeshi Foreign Minister Khalilur Rahman elected UNGA President for 81st session

UN
U.N. logo pattern a press conference background at the United Nations headquarters, Tuesday, Sept. 3, 2013. (AP Photo/Bebeto Matthews)

Key points

  • Bangladeshi Foreign Minister Khalilur Rahman has been elected President of the UN General Assembly for the 81st session after a secret-ballot vote.
  • Rahman secured 99 votes to defeat Andreas Kakouris of Cyprus, who received 91 votes in a closely contested election.
  • The one-year term beginning September 8 will coincide with the selection process for the successor to UN Secretary-General Antonio Guterres.
  • The incoming president outlined six broad priorities, focusing on peace, sustainable development, climate action, human rights, technology governance, and reform.
  • The overarching theme guiding the upcoming 81st session is titled “Restoring Trust, Managing Transformation: A United Nations that Delivers for All.”

Main Story

Bangladesh’s Foreign Minister, Khalilur Rahman, has been elected President of the United Nations General Assembly (UNGA) for its 81st session after defeating Cyprus’ candidate, Andreas Kakouris, in a closely contested vote.

The election was held on Tuesday at the UN Headquarters in New York.

In the secret-ballot vote, Rahman secured 99 votes, while Kakouris polled 91 votes. A total of 190 ballots were cast, with no invalid votes or abstentions recorded.

The presidency of the General Assembly rotates among the UN’s five regional groups, with the 81st session allotted to the Asia-Pacific group.

Rahman will assume office on Sept. 8 for a one-year term.

His tenure is expected to coincide with one of the most significant processes at the United Nations, the selection of a successor to UN Secretary-General Antonio Guterres, whose term ends on Dec. 31, 2026.

Rahman brings more than four decades of diplomatic and multilateral experience to the role.

He has served as Bangladesh’s Foreign Minister since February and previously held positions as National Security Adviser and High Representative on the Rohingya issue.

A career diplomat, Rahman joined Bangladesh’s foreign service in 1979 and also served in senior UN positions in New York and Geneva.

The UN General Assembly remains the organisation’s most representative body, bringing together all 193 member states, each with one vote.

Although its resolutions are generally non-binding, the assembly serves as a major platform for discussions on global peace and security, development, human rights and international law.

Speaking after his election, Rahman pledged to promote preventive diplomacy, peacebuilding and civilian protection, drawing from Bangladesh’s experience in international peacekeeping operations.

He also stressed the need to address development financing gaps, advance the implementation of the Global Digital Compact and strengthen the effectiveness of the United Nations amid increasing pressure on multilateral institutions.

The President-elect described himself as a bridge-builder and promised to work with all member states to find common ground despite growing global divisions.

He further pledged to uphold the UN Charter, maintain geographical and gender balance within his office and support the interests of smaller delegations.

The 81st session of the General Assembly will open on Sept. 8, while world leaders are expected to gather two weeks later for the annual high-level debate at the UN Headquarters in New York.

The Issues

  • Overseeing the administrative and political process to select the successor to UN Secretary-General Antonio Guterres before his term expires.
  • Rebuilding public trust and consensus within the international assembly amid intensifying global geopolitical divisions.
  • Advancing institutional reform initiatives and implementation of the Pact for the Future under significant multilateral pressure.

What’s Being Said

  • Acknowledging the institutional strain affecting the global diplomatic arena as he accepted the position, Khalilur Rahman said: “The UN will commence its ninth decade at a time when trust in our organisation is being tested on multiple fronts,”
  • Explaining how mounting systemic challenges directly impact external perceptions of the global body, Rahman told member states: “Taken together, these challenges tend to undermine the public trust and confidence in the ability of our organisation to deliver its promises.”
  • Outlining the operational nature of the modern chairmanship during an exceptionally difficult period, the current UNGA President, Annalena Baerbock, noted: “The role of the president of the UNGA is no longer simply procedural,”
  • Committing his administration to constructive negotiation and consensus-building, the President-elect concluded: “As your president, I will dedicate myself to rebuilding trust, nurturing consensus, and opening space for good faith negotiations that will lead to outcomes for all that are owned by all,”

What’s Next

  • The 81st session of the General Assembly will officially open at the UN Headquarters on September 8.
  • World leaders will gather in New York two weeks after the opening to participate in the annual high-level debate.
  • The assembly will continue operational work on implementing the Pact for the Future and advancing the UN80 reform initiative.

Bottom Line

Bangladeshi Foreign Minister Khalilur Rahman has been elected to lead the 81st session of the UN General Assembly following a close 99–91 vote, taking charge of a critical one-year term that features the selection of the next UN Secretary-General and an agenda focused on restoring global trust, environmental action, and multilateral institutional reform.

UN warns looted Libyan weapons are fueling extremist violence in Nigeria

Key points

  • The United Nations stated that weapons looted during the 2011 Libyan conflict have ended up with extremist groups in Nigeria.
  • Arms diverted after the fall of Muammar Gaddafi surfaced across the Sahel, including in Niger, Burkina Faso, and Nigeria.
  • The proliferation of small arms undermines peacebuilding, human rights, and development long after formal fighting subsides.
  • Emerging manufacturing methods like 3D-printed firearms and ghost guns are creating advanced tracing challenges for global governments.
  • The UN continues to support international tracing standards and stockpile security frameworks to reduce weapon diversion.

Main Story

The United Nations has said that some weapons looted during Libya’s 2011 conflict have ended up in the hands of extremist groups in Nigeria.

Izumi Nakamitsu, the UN Under-Secretary-General and High Representative for Disarmament Affairs, stated this at UN Headquarters in New York on Tuesday during a meeting of delegates on the global spread of illicit firearms.

She expressed regret that weapons continue to fuel violence in communities long after conflicts end, causing destruction in once peaceful areas.

She cited Libya, where weapons looted or diverted during and after the 2011 conflict that ended Muammar Gaddafi’s rule later surfaced across the wider Sahel region, including Niger, Burkina Faso and Nigeria.

The UN said the proliferation of small arms in parts of sub-Saharan Africa undermined peacebuilding efforts long after fighting subsided.

It added that weapons retained by armed groups, militias or communities for self-protection contributed to renewed violence and instability.

Nakamitsu noted that illicit weapons were also linked to human rights abuses, terrorism and sexual and gender-based violence.

She said that years after conflicts faded from headlines, weapons used in wars often continued to circulate across borders, fuelling crime and weakening fragile peace.

She also raised concerns about emerging threats such as ghost guns, 3D-printed firearms and increasingly sophisticated trafficking networks, which she said were creating new challenges for governments.

The UN recalled that member states adopted an action programme in 2001 to strengthen national legislation, improve stockpile security, combat illicit trafficking and enhance international cooperation.

It added that a major milestone came in 2005 with the adoption of the International Tracing Instrument, which established global standards for marking, recording and tracing illegal weapons.

The UN said the framework helped investigators identify the origins of illicit weapons and how they entered illegal markets, while reducing diversion from legal stockpiles.

It further stated that the organisation supported implementation through technical assistance, policy guidance and capacity-building programmes aimed at helping governments secure weapons stockpiles, improve tracing systems and strengthen border controls.

The Issues

  • Stemming the cross-border flow of illicit military equipment from historical conflicts that continues to destabilize neighboring countries years later.
  • Intercepting disassembled weapon components and sophisticated trafficking networks that bypass traditional maritime and border checkpoints.
  • Developing modern legislative frameworks to regulate and detect tech-driven threats like ghost guns and 3D-printed firearms.

What’s Being Said

  • Explaining how arms diversion creates long-term security hazards across borders after conflicts end, Izumi Nakamitsu noted: “Some were subsequently found in the hands of extremist groups, illustrating how arms from one conflict can destabilise neighbouring countries years later.”
  • Pointing out that concluding an armed campaign does not automatically halt active weapon circulation, Nakamitsu stated: “The end of the conflict does not mean the end of the circulation of those weapons; it stays and it continues to harm people,”
  • Emphasizing that small arms proliferation impacts broader societal development frameworks, she said: “It is not just a security issue. It is also about peacebuilding. It is about human rights. It is also about development,”
  • Highlighting the lack of governance over leftover weaponry once the primary theater of operation shuts down, she observed: “Wars end, but unfortunately, the weapons that are used in that particular conflict would not be under full control,”
  • Detailing how old stockpiles are intentionally moved through covert transit networks, she added: “They continue to circulate. They are sometimes hidden. They are brought across borders.”
  • Outlining why modern decentralized manufacturing methods impede international tracking initiatives, Nakamitsu concluded: “Those weapons or weapon parts, if they are disassembled and then trafficked, are more difficult to trace,”

What’s Next

  • Member states will work to apply international tracing frameworks to target increasingly sophisticated illicit assembly systems.
  • UN agencies will provide technical assistance and capacity-building programs to help regional governments enhance their border controls.
  • International investigators will leverage global standards to identify weapon origins and prevent diversion from legal domestic stockpiles.

Bottom Line

The United Nations has warned that weapons looted during the 2011 Libyan conflict have crossed borders to equip extremist groups in Nigeria, illustrating how poorly managed regional stockpiles and modern technical threats like 3D-printed firearms continue to threaten fragile peacebuilding and development across the Sahel.

Federal Government intensifies national preparedness against Ebola virus

Key points

  • The Federal Government has activated heightened nationwide readiness frameworks to counter potential entry of the Bundibugyo Ebola Virus Disease.
  • There is currently no confirmed case of the Ebola Virus Disease inside the country.
  • Strict border controls are operational, utilizing universal infrared temperature screening and mandatory health declaration forms.
  • Public Health Emergency Operation Centers and rapid response teams are on alert for deployment at national and sub-national levels.
  • Health facilities nationwide must maintain a high index of suspicion and adhere strictly to reporting protocols.

Main Story

The Federal Government has intensified national preparedness and response measures against the possible introduction of the Bundibugyo Ebola Virus Disease (BEBOV), currently reported in parts of East and Central Africa.

The Ministry of Health said this in a statement issued by its Assistant Director of Press and Public Relations, Mr Ado Bako, on Wednesday in Abuja. It said the measures were aimed at protecting Nigeria from cross-border transmission and strengthening the country’s health security system against emerging threats. It also confirmed that there was no confirmed case of Ebola Virus Disease in Nigeria at present.

The ministry said strict border control and Point of Entry protocols were already in place across the country to enhance surveillance and early detection of suspected cases.

It stated that these measures included temperature screening using infrared thermal scanners and handheld thermometers, compulsory health declaration forms, and travel history checks for incoming passengers.

It added that enhanced traveller risk assessments, secondary screening, isolation procedures and referral systems for symptomatic individuals had been activated, alongside improved coordination with border management agencies.

The ministry said surveillance activities had been strengthened through the Integrated Disease Surveillance and Response system, as well as community-based and event-based monitoring across the country.

It noted that public health authorities were actively monitoring, verifying and investigating alerts and rumours while carrying out continuous risk assessments and epidemiological surveillance.

Bako further stated that laboratory readiness, specimen collection and transportation systems for viral haemorrhagic diseases had been strengthened to ensure quick diagnosis and response when necessary.

He said Public Health Emergency Operation Centres had been placed on alert, while Rapid Response Teams at national and sub-national levels were on standby for possible deployment.

He added that infection prevention and control measures had been reinforced in health facilities, alongside ongoing training and sensitisation of healthcare workers and frontline personnel.

According to him, health facilities nationwide had been advised to maintain a high index of suspicion for viral haemorrhagic fevers, strengthen triage systems and promptly isolate suspected cases.

He also said health institutions were directed to comply strictly with established reporting protocols to ensure rapid response and containment if any suspected case was identified.

The Issues

  • Mitigating the threat of cross-border transmission of the Bundibugyo Ebola Virus Variant into domestic communities.
  • Enforcing universal compliance with health declaration protocols and strict temperature monitoring across all designated national entry points.
  • Enhancing clinical surveillance architectures and triage routines within domestic healthcare systems to quickly isolate suspected infections.

What’s Being Said

  • Affirming the deployment of precautionary safety policies, Ado Bako noted: “However, in line with the Federal Government’s commitment to strengthening national health security and preventing cross-border disease transmission, heightened preparedness measures have been activated nationwide.”
  • Pointing out where public resources and official medical guidelines are hosted for open verification, Bako stated: “As part of ongoing response readiness efforts, official preparedness protocols, advisories, and technical guidance documents have been uploaded to the Ministry’s website to support public awareness, stakeholder sensitisation, and institutional compliance,”

What’s Next

  • Health agencies will maintain heightened event-based monitoring and actively verify emerging health alerts across the country.
  • Frontline personnel and border staff will continue undergoing specialized preparedness training and sensitization programs.
  • The ministry will monitor ongoing regional developments closely and provide timely operational updates via its digital platforms.

Bottom Line

In response to cases of the Bundibugyo Ebola strain in East and Central Africa, the Federal Government has activated comprehensive national emergency protocols and strict border surveillance screens, including universal thermal scanning and laboratory diagnostics, to insulate the country from cross-border health hazards.

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