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Alake warns illegal miners against working abandoned pits

By
Kehinde Victor
-
Dele Alake

Key Points

  • Dele Alake warns illegal miners against extracting minerals from abandoned pits without licences.
  • Seven miners died after an abandoned pit collapsed in Plateau.
  • The minister says investors can repurpose abandoned pits for energy, tourism and fishery projects.
  • He says 59 abandoned mine pits have been rehabilitated so far.

Main Story

The Federal Government is seeking private-sector partnerships to reclaim thousands of abandoned mining pits across Plateau State and convert them into productive economic assets.

The Minister of Solid Minerals Development, Dele Alake, made the call while responding to the death of seven miners in the collapse of an abandoned tin pit at Kassa in Barkin Ladi Local Government Area of the state.

Alake said the incident underscored the dangers posed by abandoned mining sites, particularly when people enter them without the required licences and safety measures.

He urged artisanal miners to obtain permits and operate through cooperatives, saying licensed operators could receive technical training from the ministry and gain access to more sustainable income opportunities.

Beyond preventing further accidents, the minister said the government was exploring ways to give the abandoned sites new economic uses.

According to him, more than 4,000 pits were created by Amalgamated Tin Mines Ltd. and companies that succeeded it, including Consolidated Tin Mines Ltd. and Nigerian Tin and Allied Products Ltd.

He said the sites could be redeveloped for energy generation, tourism and fisheries, with private-sector participation providing a faster route to their rehabilitation and productive use.

The ministry, he said, had already rehabilitated 59 abandoned pits.

Alake also disclosed that the government had begun using satellite-based Geographic Information System mapping and Artificial Intelligence to identify and assess legacy tin pits.

The programme, being piloted in Plateau through partnerships with ImPPPact Nigeria Alliance and Intomatics, is expected to help the government develop workable methods for reclaiming the remaining sites.

The minister directed prospective investors to the Nigerian Mining Cadastral Office and the ministry’s Mines and Environmental Compliance Department for information on opportunities in the sector.

He also encouraged investors to explore the Solid Minerals Development Fund’s financing programme.

The government is further developing an Environmental Protection and Rehabilitation Fund through which mining companies would contribute towards restoring mine sites where they fail to carry out rehabilitation after closure.

The Issues

The minister said abandoned mine pits posed safety risks and required coordinated efforts to prevent further deaths while also converting the sites into productive assets.

What’s Being Said

“The challenge before the state and the Federal Government is how to turn these potential pits of death into centres of joyful prosperity.” – Dele Alake, Minister of Solid Minerals Development.

“Very soon, we shall conclude discussions with the fund managers. Thenceforth, mining companies must pay to the fund so that it can rehabilitate mine pits if the companies do not do so during closure.” – Dele Alake, Minister of Solid Minerals Development.

What’s Next

Alake said the Environmental Protection and Rehabilitation Fund would require mining companies to contribute funds for the rehabilitation of mine pits where operators fail to reclaim them after mine closure.

Bottom Line

The Federal Government is seeking to curb deaths from abandoned mining pits through licensing, rehabilitation, private-sector investment and stronger environmental safeguards.

American Actress hayden panettiere dies at 36

American actress Hayden Panettiere dies at 36

By
Annette Ikponmwonba
-

Annette Ikponmwonba | August 17, 2026

Key Points

  • Hayden Panettiere, known for her roles in Heroes and Nashville, died at age 36
  • Her father, Skip Panettiere, announced her death
  • The family did not disclose her cause of death and appealed for privacy as they mourn

Main Story

American actress Hayden Panettiere has died at the age of 36, with her father, Skip Panettiere, announcing her death on Monday on behalf of the family, In a statement, Skip Panettiere described his daughter as an “incredible light and a force of nature” who brought joy to her family, friends and millions of viewers.

“It is with profound sadness that we share the tragic passing of our beloved Hayden,” Skip Panettiere said in the statement issued on behalf of the family.

“We ask for privacy as our family takes time to process this unimaginable loss.” Skip Panettiere, father of Hayden Panettiere, The family did not disclose the cause of death.

The News Agency of Nigeria (NAN) reports that Panettiere began her acting career as a child before establishing herself across television, film and voice acting.

She gained widespread recognition for playing Claire Bennet in the television series Heroes and Juliette Barnes in the musical drama series Nashville.

Her film credits included Remember the Titans, Raising Helen, Ice Princess and Scream 4. She also reprised her role as Kirby Reed in the Scream franchise, appearing in the 2023 film.

What’s Being Said

The family described Panettiere as an “incredible light and a force of nature” who brought “immeasurable love and joy” to those who knew her and to audiences who watched her work. Skip Panettiere, father of Hayden Panettiere.

The family has appealed for privacy while it processes the loss.

What’s Next

  • Panettiere’s family is expected to make further arrangements following her death
  • No cause of death has been disclosed by the family
  • Further details will depend on information released by the family or relevant authorities

The Bottom Line:

Panettiere leaves behind a career spanning television, film and voice acting, having transitioned from a successful child acting career into prominent adult roles. Her death at 36 marks the loss of an actress whose work reached audiences across multiple generations.

Barcelona agree €75m Rodri deal with Manchester City

Tinubu celebrates Babangida at 85, hails his national contributions

By
Kehinde Victor
-

Key Points

  • President Bola Tinubu congratulates retired Gen. Ibrahim Babangida on his 85th birthday.
  • Tinubu says Babangida left lasting marks on Nigeria’s political, economic and geographical landscape.
  • He credits the former military leader with establishing infrastructure, agencies and institutions.
  • Tinubu says Babangida continues to contribute to national discourse through his counsel.

Main Story

President Bola Tinubu has congratulated former military Head of State, retired Gen. Ibrahim Babangida, on his 85th birthday, describing him as an outstanding Nigerian leader.

Tinubu said Babangida’s military career culminated in his emergence as Nigeria’s leader following the 1985 coup.

This is contained in a statement issued by the Presidential Spokesperson, Bayo Onanuga, on Monday in Abuja.

The president said Babangida had impacted Nigeria in significant ways, leaving enduring marks on the country’s political, economic and geographical landscape.

“Like him or not, former President Babangida impacted Nigeria in ways no other leader has. His eight-year reign left enduring marks on our political, economic, and geographic landscape,” Tinubu said.

He said Babangida expanded Nigeria’s economy, established enduring infrastructure and created agencies and institutions that continued to serve the national interest.

Tinubu also credited Babangida’s foresight, wisdom and sense of equity with contributing to the creation of several states in the federation.

The president said Babangida’s name and legacy would remain indelible in Nigeria’s history because of his contributions to national development.

He also acknowledged Babangida’s continued contribution to national discourse despite his retirement from public life.

“Even in retirement, living a quiet life at my Minna Hilltop residence in Niger State, General Babangida continues to offer valuable counsel and guidance to the nation.

“His advice and wise counsel remain an inspiration to younger generations,” Tinubu said.

The president wished the former military leader continued good health, strength and many more years of service to the nation.

The Issues

Tinubu’s tribute focused on Babangida’s impact on Nigeria’s political, economic and geographical development during his years in power.

What’s Being Said

Tinubu said Babangida’s contributions remained significant and that his counsel continued to offer value to the nation.

What’s Next

Tinubu wished Babangida continued good health, renewed strength and many more years of service to the country.

Bottom Line

Tinubu described Babangida as a leader whose contributions left lasting marks on Nigeria and whose counsel remains relevant to younger generations.

Banks, fintechs report 42,082 suspicious transactions to NFIU

Adeleke’s re-election is triumph for democracy, says Oladejo

By
Kehinde Victor
-

Key Points

  • Seye Oladejo says Adeleke’s victory has challenged the one-party state narrative.
  • He says the outcome shows that voters can still determine electoral outcomes.
  • Oladejo urges the governor to focus on development during his second term.
  • He says the election offers lessons ahead of the 2027 general elections.

Main Story

A former APC spokesman in Lagos State, Seye Oladejo, has described Gov. Ademola Adeleke’s re-election in Osun as a triumph for democracy.

Oladejo said the outcome had also challenged the growing narrative that Nigeria was drifting towards a one-party state.

He said this in a statement on Monday, describing Adeleke’s victory as evidence of the resilience and competitiveness of Nigeria’s democratic system.

Oladejo said the movement of politicians across party lines and defections to the ruling All Progressives Congress (APC) had raised concerns about the future of opposition politics.

He, however, said the Osun election provided a reality check to those concerns, noting that Adeleke secured re-election on a platform outside the ruling party.

According to him, the result showed that voters could still make independent choices and that no political party could claim permanent control of electoral outcomes.

“There is nothing in democracy called the ‘invincibility of the ruling party.’ Absolutely nothing.

“No ruling party, regardless of its structure, influence, resources, incumbency or political pedigree, possesses a permanent certificate of victory,” Oladejo said.

He urged political parties, including the APC, to avoid complacency and approach every election as a fresh contest requiring them to earn voters’ support.

Oladejo also said the electorate should not be regarded as politically predictable, adding that voters could make different choices based on candidates, performance and prevailing circumstances.

The APC chieftain said President Bola Tinubu’s democratic credentials should also be assessed by how elections were handled when outcomes did not favour his party.

He said Tinubu’s reported acceptance of Adeleke’s victory and congratulatory gesture deserved recognition as evidence of democratic maturity.

“Democracy is not only about celebrating when your candidate wins. It is also about accepting the verdict of the people when your candidate loses,” he said.

The Issues

Oladejo said the election had challenged concerns that the growing strength of the APC and defections from opposition parties would lead to a one-party political system.

What’s Being Said

Oladejo said the outcome demonstrated that voters remained capable of producing unexpected electoral results and that political parties had no permanent claim to victory.

What’s Next

Oladejo urged Adeleke to use his second term to improve infrastructure, education, healthcare, security, job creation and economic opportunities in Osun.

Bottom Line

Oladejo said Adeleke’s re-election showed that Nigeria’s political space remained competitive and that every electoral mandate must be earned.

Seplat-NNPC empowers 127 teachers in Imo with digital, income-generation skills

Day 21- Go hard or go home week had housemates up their game – BBNaija

By
Annette Ikponmwonba
-

Key Points

  • Housemates stepped up their efforts during Week Three as they battled to win the Wager
  • Neche became the second female Head of House
  • Food shortages, intense rehearsals and shifting relationships added pressure

Main Story

Big Brother Naija Season 11 housemates intensified their efforts during Week Three as food shortages, demanding Wager rehearsals and changing relationships tested life in the “Show Ya Sef” house, The week followed the eviction of Martins and Mercedes, which served as a wake up call for the remaining 22 housemates, Chimsom Chuka was also named Most Influential Player of the Week, earning immunity from nominations.

The housemates were tasked with a storytelling dance challenge combining music, movement and performance, After losing their Wager in Week Two, they faced increased pressure to deliver, eventually securing their first Wager victory of the season on Thursday.

Neche emerged as the Week Three Head of House after defeating Chimsom Chuka in the final stage of the challenge. She became the second woman to hold the position during the season.

Neche selected Sultex to occupy the Head of House Lounge, while Sultex chose Oyin to join him. She subsequently introduced a strict schedule covering gym sessions, meals, chores and Wager rehearsals.

Food also became a source of tension after the previous Wager loss resulted in shortages. The housemates agreed to ration available supplies, while Abi took responsibility for managing the arrangement, Kamsy also raised concerns over disappearing eggs, while Flora confronted the state of the kitchen after some housemates cooked without cleaning the stovetop.

What’s Being Said

“It was important for her to win the Wager.” — Africa Magic, describing Neche’s approach to managing the house during Week Three.

The week also produced changes in relationships. Bells and Yusuf moved from a breakup towards renewed closeness, while Gerard ended his relationship with Kamsy after telling Temi Nkem he felt he was competing with Chimsom Chuka. Ricky and Sheba also began flirting during the week.

What’s Next

  • The remaining housemates will continue competing in Week Four following the third live eviction
  • New Wager, Head of House and nomination activities will determine the next stage of the competition
  • The Sunday live eviction show will continue to determine who leaves the “Show Ya Sef” house

The Bottom Line:

Week Three showed that the competition is becoming increasingly demanding, with Wager performance, food management and relationships all affecting life in the house. The successful Wager win also demonstrated how quickly pressure can push the housemates to raise their performance.

Seplat-NNPC empowers 127 teachers in Imo with digital, income-generation skills

BBNaija live show- Kamsy becomes third housemate evicted from season 11

By
Annette Ikponmwonba
-

Annette Esosa| August 17, 2026

Key Points

  • Kamsy was evicted from the Big Brother Naija Season 11 house
  • The 24 year old event planner became the third housemate to leave the “Show Ya Sef”
  • Kamsy addressed her relationship with Gerard after her eviction

Main Story

Big Brother Naija Season 11 housemate Kamsy was evicted during the third live eviction show on Sunday, August 16, ending her three-week run in the “Show Ya Sef” house, Kamsy became the only housemate evicted during Live Show 3, joining Martins and Mercedes as the third contestant to leave the competition. The eviction was announced by the show’s host, Ebuka Obi Uchendu, during the live programme.

Kamsy, whose full name is Uzoma Kamsiyochukwu Erika, is a 24 year old event planner, gift curator and decorator from Imo State. She was among 16 housemates nominated for possible eviction during Week Three.

Her exit followed a week marked by relationship tensions involving fellow housemate Gerard. According to Africa Magic, Gerard had initially grown closer to Kamsy before ending the relationship after expressing concerns about competition involving Chimsom Chuka.

During her post eviction interview with Ebuka, Kamsy also addressed speculation surrounding her emotional moments in the house and her relationship with Gerard.

“I was feeling cold, I was praying, and the tears just came,” Kamsy said, clarifying that her tears were not because Gerard had ended their relationship.

Kamsy’s eviction leaves 21 housemates competing for the grand prize and the title of Big Brother Naija Season 11 winner.

What’s Being Said

“Kamsy’s time in the Show Ya Sef house has come to an end, making her the third housemate to leave the game after Martins and Mercedes.” Africa Magic, Big Brother Naija

Kamsy, meanwhile, used her post-eviction appearance to clarify the circumstances surrounding her emotional moments and her relationship with Gerard.

What’s Next

  • The remaining 21 housemates will continue their competition in the “Show Ya Sef” house
  • The show will move into Week Four following Kamsy’s eviction, with new challenges, nominations and possible evictions ahead

The Bottom Line:

Kamsy’s eviction reduces the Season 11 field to 21 housemates and marks another early exit from the “Show Ya Sef” competition. Her departure also closes one of the season’s developing relationship storylines involving Gerard.

Seplat-NNPC empowers 127 teachers in Imo with digital, income-generation skills

Seplat-NNPC empowers 127 teachers in Imo with digital, income-generation skills

By
Ibe Wada
-

Keypoints

  1. The NNPC/Seplat joint venture has trained and empowered 127 teachers and education evaluators in Imo State.
  2. The beneficiaries participated in the Seplat Teachers Empowerment Programme (STEP).
  3. Training covered digital teaching techniques and alternative income-generation skills.
  4. The Imo cohort is the programme’s first intervention in the state.
  5. STEP has previously been implemented in Edo and Delta, with more than 2,000 teachers trained.
  6. Three beneficiaries received cash grants for their business concepts.
  7. The initiative seeks to strengthen teachers professionally while improving their economic resilience and community impact.

Main Story

The NNPC/Seplat joint venture has empowered 127 teachers and education evaluators in Imo State with digital teaching techniques and alternative income-generation skills under its Seplat Teachers Empowerment Programme.

The beneficiaries graduated from the first Imo cohort of the programme during a ceremony held in Owerri.

Speaking at the ceremony, Seplat’s Director of External Affairs and Social Performance, Chioma Afe, represented by Esther Icha, General Manager, Corporate Social Investment and Social Performance, said STEP was designed to strengthen teachers’ professional development while making them more economically resourceful.

She said the initiative reflected the joint venture’s belief that empowering teachers was an effective way of creating lasting transformation in communities.

According to her, STEP had previously been implemented in Edo and Delta states, where more than 2,000 teachers had been trained. The Imo edition marked the programme’s first intervention in the state.

Afe urged the beneficiaries to use their newly acquired digital skills in the classroom and share their knowledge with other teachers and students.

She said the true impact of the programme would be measured by the students inspired, colleagues supported and communities influenced by the beneficiaries.

Also speaking, the Chief Upstream Investment Officer, NNPC Upstream Investment Management Services, Olanrewaju Igandan, described teachers as critical channels for transferring knowledge to younger generations.

Igandan, represented by Chizoba Onyike, Subsurface Operations Adviser, NUIMS, commended stakeholders for contributing to the success of the programme and wished the beneficiaries success.

Imo State Governor, Hope Uzodinma, represented by the Commissioner for Education, Prof. Bertram Ikegwuoha, also urged the teachers to use the knowledge gained to positively influence their students.

The governor commended Seplat and NNPC for the initiative and encouraged the beneficiaries to uphold STEP’s motto: “Teach. Inspire. Transform.”

As part of the empowerment component, beneficiaries also presented business concepts for evaluation.

Choice Nwachukwu emerged overall winner with a concept on antiseptic production, scoring 432 points and receiving a N500,000 grant.

Obinna Anele, who presented a concept on unripe plantain flour, placed second with 425 points and received N300,000, while Golden Ezekwe, whose concept focused on braiding, came third with 421 points and received N200,000.

The Issues

  1. Many teachers face the challenge of acquiring relevant digital skills as education becomes increasingly technology-driven.
  2. Limited alternative income opportunities can affect teachers’ economic resilience.
  3. Training programmes require sustained follow-up to ensure that acquired skills are effectively applied in classrooms and businesses.
  4. The expansion of teacher empowerment programmes beyond individual beneficiaries is necessary to achieve broader community impact.
  5. Access to start-up capital remains a challenge for teachers seeking to implement viable business ideas.

What’s Being Said

Chioma Afe, Seplat Director of External Affairs and Social Performance:
Afe said empowering teachers remained an effective way of transforming communities and urged beneficiaries to apply their digital skills in classrooms while sharing their knowledge with colleagues and students.

Olanrewaju Igandan, NUIMS Chief Upstream Investment Officer:
Igandan described teachers as critical channels for transferring knowledge to younger generations and commended stakeholders for supporting the programme.

Hope Uzodinma, Imo State Governor:
The governor urged beneficiaries to positively influence their students and embody STEP’s motto, “Teach. Inspire. Transform.”

What’s Next

The graduating teachers are expected to apply the digital teaching skills acquired through STEP in their classrooms while using the income-generation knowledge to develop sustainable livelihoods.

The programme’s expansion to Imo also creates an opportunity for the NNPC/Seplat joint venture to deepen its education interventions in the state and extend the initiative to more teachers and communities.

Bottom Line

The empowerment of 127 teachers in Imo demonstrates how corporate social investment can combine professional development with economic empowerment. By equipping teachers with digital and entrepreneurial skills, the NNPC/Seplat joint venture is seeking to create an impact that extends beyond the beneficiaries to their students, schools and wider communities.

Banks, fintechs report 42,082 suspicious transactions to NFIU

Banks, fintechs report 42,082 suspicious transactions to NFIU

By
Ibe Wada
-

Key points

  • Reporting entities submitted 42,082 Suspicious Transaction Reports (STRs) to the NFIU in 2025.
  • Deposit Money Banks accounted for 38,715 STRs, representing about 92% of the total.
  • The NFIU also received 41.7 million Currency Transaction Reports (CTRs) and 10,513 Suspicious Activity Reports (SARs).
  • STRs declined by 48.8% from 82,143 in 2024, while SARs fell by about 55%.
  • CTRs, however, increased by 61.6%, from 25.8 million in 2024 to 41.7 million in 2025.
  • Reporting of transactions involving Politically Exposed Persons rose by 31.1% to 28.1 million.
  • Virtual Asset Service Providers began recording more suspicious transaction and currency transaction reports in the second half of 2025.
  • The CBN is moving towards AI- and machine-learning-enabled AML systems capable of real-time monitoring and anomaly detection.

Main Story

Banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports (STRs) to the Nigerian Financial Intelligence Unit in 2025, according to the agency’s 2025 Annual Report.

The disclosure comes amid increased regulatory emphasis on anti-money laundering, counter-terrorism financing and counter-proliferation financing compliance across Nigeria’s financial system.

The NFIU also received 41,716,214 Currency Transaction Reports (CTRs) and 10,513 Suspicious Activity Reports (SARs) during the year.

Deposit Money Banks remained the dominant source of suspicious transaction reports, accounting for 38,715 filings, or approximately 92 per cent of the total. Other Financial Institutions submitted 2,185 STRs, while Designated Non-Financial Businesses and Professions filed 1,029.

Capital market operators and insurance companies accounted for 104 reports, while Virtual Asset Service Providers, including cryptocurrency-related businesses, submitted 49 STRs.

Banks also dominated SAR filings, contributing 8,313 of the 10,513 reports received by the NFIU. Other Financial Institutions filed 1,816, while capital market and insurance firms submitted 295. VASPs accounted for 89 SARs, while no SAR was recorded from the DNFBP sector.

The report showed that banks’ suspicious transaction reporting increased throughout 2025, rising from 9,134 in the first quarter to 10,032 in the fourth quarter.

However, the annual figures showed a significant decline compared with 2024. STRs fell from 82,143 to 42,082, representing a 48.8 per cent decrease, while SARs dropped from 23,364 to 10,513, a decline of approximately 55 per cent.

The decline contrasts sharply with the growth in threshold-based reporting. CTRs increased from 25.8 million in 2024 to 41.7 million in 2025, representing a 61.6 per cent increase.

The NFIU said financial institutions are required under the Money Laundering (Prevention and Prohibition) Act to report transactions above prescribed thresholds. These include transactions exceeding N5 million for individuals and N10 million for legal persons, while certain international transfers above $10,000 must also be reported within the prescribed timeframe.

The report also recorded 28.1 million reports involving Politically Exposed Persons, representing a 31.1 per cent increase from 2024.

Meanwhile, reporting activity by VASPs increased during the second half of 2025. The sector recorded 17 STRs in the third quarter and 32 in the fourth quarter, after reporting none in the first half.

The NFIU also stepped up compliance monitoring, with its Designated Non-Financial Businesses and Professions Division conducting joint on-site examinations of 29 entities in sectors including real estate, casinos, precious metals and stones, and consultancy.

The development comes against the backdrop of efforts by the Central Bank of Nigeria to modernise AML compliance through technology. Under proposed standards issued in 2025, regulated financial institutions are expected to deploy intelligent systems capable of real-time transaction monitoring, anomaly detection, risk scoring and behavioural analysis.

The proposed systems are also expected to incorporate artificial intelligence and machine learning and integrate with core banking, customer onboarding and transaction-processing platforms.

The Issues

The sharp decline in STRs and SARs raises questions about whether suspicious activity actually decreased or whether reporting patterns changed.

The substantial rise in CTRs indicates increased monitoring of threshold-based transactions across the financial system.

The rapid expansion of fintech and cryptocurrency transactions presents new AML and financial intelligence challenges.

Financial institutions face increasing pressure to invest in automated compliance and real-time monitoring systems.

Effective implementation of AI-based AML systems will require reliable data, skilled personnel and strong regulatory oversight.

Greater reporting must translate into effective investigation and enforcement to ensure that suspicious transaction reports lead to meaningful action.

What’s Being Said

Nigerian Financial Intelligence Unit:

The NFIU’s 2025 figures show continued reporting by financial institutions and other regulated entities under Nigeria’s AML, counter-terrorism financing and counter-proliferation financing framework.

Central Bank of Nigeria:

The CBN has pushed for modernised AML systems capable of improving detection accuracy and efficiency through technologies including artificial intelligence, machine learning, behavioural analysis and real-time transaction monitoring.

What’s Next

Financial institutions are expected to continue strengthening their AML compliance systems as regulatory requirements become more technology-driven. Greater adoption of automated monitoring, AI-based risk assessment and direct electronic reporting to the NFIU is likely to shape the next phase of Nigeria’s financial crime detection framework.

Regulators will also need to determine whether the sharp fall in STRs and SARs represents improved filtering of legitimate transactions or a potential weakness in suspicious-activity reporting.

Bottom Line

Nigeria’s financial institutions significantly increased threshold-based and PEP reporting in 2025, but suspicious transaction and activity reports fell sharply. The contrasting figures highlight a changing compliance landscape in which banks, fintechs and other financial operators are increasingly expected to combine regulatory reporting with technology-driven, real-time detection of financial crime.

NGX return dips to 56% as selloffs hit bua foods, dangote sugar, unilever

Barcelona agree €75m Rodri deal with Manchester City

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • Barcelona reach an agreement in principle with Manchester City to sign Spain captain Rodri for about €75 million ($87 million)
  • The 30-year-old midfielder is expected to complete the move after the clubs finalise documentation and personal terms
  • Rodri’s arrival would strengthen Barcelona’s midfield after Frenkie de Jong suffered an injury expected to keep him out for several months

Main Story

Barcelona have reached an agreement in principle with Manchester City to sign Spanish midfielder Rodri for about €75 million ($87 million), according to a source from the Catalan club cited by AFP on Sunday.

The agreement, which remains subject to formal documentation, would bring the 30-year-old Spain captain back to La Liga after seven seasons in England. Reports from Spain indicate the deal is worth about €70 million to €76.8 million depending on the structure and performance-related additions.

The Barcelona source said the transfer is expected to become official in the coming days.

“In the coming days, there will be a statement and (the transfer) will become official,” the Barcelona source told AFP.

Rodri joined Manchester City from Atletico Madrid in 2019 and became a central figure in the club’s most successful period under Pep Guardiola. He helped City win the 2023 UEFA Champions League and four Premier League titles, among 12 major trophies during his time at the club.

The midfielder also won the 2024 Ballon d’Or and was a key player for Spain during their 2026 World Cup triumph, further increasing his value in the transfer market.

Barcelona’s move for Rodri comes as the club manages an injury to Frenkie de Jong, who is expected to spend several months on the sidelines. Rodri would provide experience, defensive stability and control in the centre of the pitch.

Manchester City, meanwhile, have already invested heavily in midfield reinforcements amid uncertainty over Rodri’s future, including the club-record signing of Elliot Anderson from Nottingham Forest.

What’s Being Said

“In the coming days, there will be a statement and (the transfer) will become official,” Barcelona source, speaking to AFP.

“Rodri encaja como guante de seda en la estructura del Barça,” said Spanish journalist Ramón Besa, arguing that the midfielder’s profile fits Barcelona’s playing structure and could significantly strengthen the team.

What’s Next

  • Barcelona and Manchester City are expected to exchange the final transfer documentation before the agreement becomes official.
  • Rodri is expected to undergo the required medical and complete the formalities of his move before being unveiled by Barcelona.
  • Barcelona are also expected to complete a deal involving former City full-back João Cancelo in the coming days.

Bottom Line

The Bottom Line: Rodri’s proposed move gives Barcelona an elite, experienced midfielder at a time when the club needs greater depth and control in the centre of the pitch. For Manchester City, his departure would leave a significant sporting gap despite the club’s efforts to rebuild its midfield.

Tram discusses kiss with Temi Nkem as house drama continues

Naira extends 7% year-to-date gain against Euro

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • Naira strengthens 0.26% against the euro at the Nigerian Foreign Exchange Market to N1,571.12
  • Local currency extends its year-to-date gain against the euro to 6.88% from N1,687.29 at the start of 2026
  • Increased foreign exchange liquidity and market confidence continue to support the naira at the official market

Main Story

The naira extended its year-to-date gain against the euro to 6.88% at the Nigerian Foreign Exchange Market (NFEM), supported by improved foreign exchange liquidity and market confidence.

Data attributed to the Central Bank of Nigeria (CBN) showed that the naira strengthened to N1,571.12 per euro, from N1,575.15 recorded the previous week. The move represents an improvement of about 0.26%, or 26 basis points, in the official market.

The latest exchange rate compares with N1,687.29 per euro at the beginning of 2026, representing a gain of about 6.88% for the naira against the European currency so far this year.

The performance comes as foreign exchange inflows and liquidity at the official window continue to provide support for the local currency. The naira has recorded intermittent gains against major currencies in 2026, with market conditions and central bank interventions contributing to movements in the exchange rate.

In the broader global market, the euro recently reached a weekly high of $1.1585 after data showed an unexpected decline in US employment in July. The move strengthened the euro against the dollar, although stretched momentum indicators suggested that further gains could be limited.

Global commodity markets have also remained influential for currency and inflation expectations. Oil prices rose during the previous week amid heightened concerns over possible disruptions to Middle Eastern crude supplies following a US threat of an indefinite naval blockade of Iran.

Precious metals recorded mixed performances, with gold and silver gaining amid lower expectations for US interest-rate increases and continued investor demand. Platinum declined, while zinc and lead edged higher among industrial metals as aluminium and tin weakened on softer demand and profit-taking.

What’s Being Said

CBN data underpinning the latest NFEM movement indicates that the naira’s improvement against the euro has been supported by conditions in the official foreign exchange market.

No direct statement from the CBN, an independent analyst or a private-sector market participant was included in the source material supplied for this report. BizWatch Nigeria has therefore not attributed any additional commentary to those stakeholders.

What’s Next

  • Market participants will continue to monitor NFEM liquidity and foreign exchange inflows for signs of whether the naira can sustain its gains
  • Movements in global oil prices and Middle Eastern supply risks could influence Nigeria’s foreign exchange position and the naira’s performance
  • The euro’s movement against the US dollar and expectations around US interest rates will remain relevant to the naira-euro cross

Bottom Line

The Bottom Line: The naira’s 6.88% gain against the euro so far in 2026 points to a stronger performance in the official foreign exchange market, supported by improved liquidity and market confidence. Sustaining the trend will depend on the durability of foreign exchange inflows and developments in global commodity and currency markets.

Arsenal crush Manchester city 3-0 to win community shield

Tinubu urges Nigerians in diaspora to invest in Nigeria

By
Boluwatife Oshadiya
-
President Bola Tinubu
President Bola Tinubu

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • Urges Nigerians abroad to move beyond remittances and invest capital, expertise, technology and networks in the domestic economy
  • Cites 3.89% first-quarter 2026 GDP growth, 15.91% inflation and $45.4 billion in foreign reserves as signs of economic recovery
  • Calls for professionally governed diaspora investment clubs, sector funds and co-investment vehicles to channel diaspora wealth into productive investments

Main Story

President Bola Ahmed Tinubu has urged Nigerians in the diaspora to make Nigeria a destination for investment, expertise and entrepreneurial activity, as the Federal Government seeks to deepen diaspora participation in economic development.

Tinubu made the call while declaring open the Nigeria Diaspora Economic Conference (NiDEC) 2026 in Canada, where his Chief of Staff, Femi Gbajabiamila, represented him. The conference, organised by the Nigerians in Diaspora Commission (NiDCOM), was held under the theme, “Invest Nigeria, Thrive Abroad.”

The President described Nigerians abroad as important ambassadors whose achievements demonstrate the talent and resilience of the Nigerian people. He said the Federal Government recognised their economic, intellectual and professional contributions and was implementing reforms aimed at improving the investment environment.

Tinubu cited real gross domestic product (GDP) growth of 3.89% in the first quarter of 2026, manufacturing growth of 3.29%, inflation of 15.91% and foreign reserves of $45.4 billion at the end of 2025 as indicators of improving macroeconomic conditions.

He also referenced the International Monetary Fund’s 4.1% growth projection for Nigeria in 2026 and World Bank assessments of progress in macroeconomic stability, external finances and fiscal conditions.

The President said remittances, which support millions of Nigerian households, should become the starting point rather than the limit of diaspora engagement. He urged Nigerians abroad to pool resources through professionally governed investment clubs, sector funds, co-investment vehicles and venture networks.

“Nigeria sees you. Nigeria values you. Nigeria needs you,” President Bola Ahmed Tinubu said.

Tinubu also pointed to the Non-Resident Nigerian Ordinary Account, Non-Resident Nigerian Investment Account and Non-Resident Bank Verification Number as measures intended to make participation in Nigeria’s financial system easier for Nigerians living abroad.

The President further urged the diaspora to bring knowledge, technology, international networks and professional experience into Nigeria alongside capital.

What’s Being Said

“Beyond the significant financial contributions, our diaspora community brings skills, knowledge, and global exposure that are vital to Nigeria’s growth. NIDEC 2026 will connect these professionals directly with investment-ready opportunities back home,” said Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission.

Dabiri-Erewa said the conference was designed to deepen engagement with Nigerians abroad through investment opportunities, business partnerships and sector-focused initiatives.

What’s Next

  • The Federal Government is expected to continue developing mechanisms that allow Nigerians abroad to participate more easily in the domestic financial and investment system
  • NiDCOM is expected to build on NiDEC through investment partnerships, business matchmaking and engagement with diaspora professionals and investors
  • Diaspora investors are being encouraged to undertake due diligence and use formal governance structures before committing capital to investment opportunities in Nigeria

The Bottom Line:

Nigeria is seeking to shift diaspora engagement from primarily household-supporting remittances toward structured capital, expertise and long-term investment. The success of that strategy will depend on whether the investment environment can provide the predictable rules, transparency, governance and protection that diaspora investors need to commit capital at scale.

Arsenal crush Manchester city 3-0 to win community shield

NGX return dips to 56% as selloffs hit bua foods, dangote sugar, unilever

By
Boluwatife Oshadiya
-
NGX Records N256bn Loss Last Week

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • NGX year-to-date return moderated to 56.01% after the All-Share Index fell 1.14% week-on-week
  • Market capitalisation declined by approximately ₦1.9 trillion to ₦156.72 trillion amid selloffs in major consumer goods stocks
  • Trading volume surged 126.76% to 12.15 billion shares despite broad-based weakness across all tracked sectors

Main Story

The Nigerian Exchange (NGX) extended its bearish run last week as sustained sell pressure in major counters, including BUA Foods, Dangote Sugar Refinery and Unilever Nigeria, dragged the market’s year-to-date return lower to 56.01%.

Market data showed the NGX All-Share Index (ASI) declined by 1.14% week-on-week to close at 242,770.94 points, while total market capitalisation fell by approximately ₦1.9 trillion to ₦156.72 trillion.

The decline reflects continued profit-taking by investors following the strong rally recorded earlier in the year. Market breadth also weakened significantly, with 59 stocks closing lower against 26 gainers, resulting in a breadth ratio of 0.44x, according to Cowry Asset Limited.

Despite the market’s negative performance, trading activity remained robust. The number of deals executed fell by 14.40% to 224,466 transactions, but trading volume surged by 126.76% to 12.15 billion shares. Transaction value also rose by 26.67% to ₦176.29 billion.

The sharp increase in volume alongside a declining index suggests that large institutional investors may have been actively repositioning portfolios while profit-taking intensified in selected counters.

Sector performance reflected the broad-based nature of the market weakness. The Insurance Index recorded the steepest decline, shedding 2.72% due largely to selloffs in Cornerstone Insurance, AXA Mansard and Wapic Insurance. Consumer Goods followed with a 1.91% decline, pressured by losses in Unilever Nigeria, Dangote Sugar and BUA Foods.

The Banking Index declined by 1.48%, while Industrial Goods lost 1.22%. The Oil and Gas sector proved relatively resilient, slipping only 0.07% during the week.

Among individual stocks, Transcorp Express emerged as the top gainer with a 32.1% advance, followed by International Energy Insurance (+31.7%) and Sovereign Trust Insurance (+13.8%). On the losers’ chart, Associated Ventures International Capital led with a 34.5% decline, followed by Unilever Nigeria (-18.9%) and Dangote Sugar (-11.6%).

What’s Being Said

“The magnitude of the weekly movements among these counters suggests that stock-specific factors, profit-taking and liquidity considerations remain important drivers of individual price performance, even as broader market sentiment weakens,” said Cowry Asset Limited in its weekly market update.

“We expect the market to remain cautious and highly selective in the near term, as investors continue to lock in gains following the substantial appreciation recorded earlier in the year,” the investment firm stated.

What’s Next

  • Investors will continue to monitor second-half corporate earnings releases for signals on company performance and valuation support
  • Market participants are expected to focus on liquidity conditions, inflation trends and monetary policy developments that could influence investment flows
  • Analysts anticipate increased bargain hunting in fundamentally strong stocks as investors search for attractive entry opportunities following recent declines

Bottom Line

The Bottom Line: The recent pullback appears to be a consolidation phase rather than a broad deterioration in market fundamentals. While profit-taking has weighed on headline performance, the sharp rise in trading volume suggests liquidity remains active, positioning fundamentally strong stocks to attract renewed investor interest once market sentiment stabilises.

Arsenal crush Manchester city 3-0 to win community shield

NGX postpones new pricing rules, market impact still looms

By
Boluwatife Oshadiya
-
NGX Records N256bn Loss Last Week

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • NGX postpones implementation of its revised equity pricing methodology previously scheduled for August 17
  • New thresholds would reduce the volume needed to move prices of stocks trading above ₦1,000
  • Exchange says the revised framework is designed to strengthen price discovery and reflect transactions of material economic value

Main Story

The Nigerian Exchange (NGX) has postponed the implementation of its revised equity pricing methodology, which was scheduled to take effect on Monday, August 17, 2026, but could still begin before the end of August.

The revised framework introduces tiered minimum trading-volume thresholds based on a stock’s prevailing share price, replacing the previous structure that applied broader price bands across the market.

Under the new framework, stocks priced at ₦1,000 and above will require 10,000 shares to trigger a published price movement, with a minimum price movement of 10 kobo. Stocks priced between ₦500 and ₦999.99 will require 50,000 shares, while those below ₦500 will retain a 100,000-share threshold.

The changes could materially affect premium-priced stocks. A stock trading at ₦2,000, for example, would require about ₦20 million worth of shares to meet the new 10,000-unit threshold, compared with about ₦200 million under the previous 100,000-unit requirement.

The Exchange said the revised methodology is intended to “strengthen price discovery by ensuring that transactions of material economic value are appropriately reflected in published market prices, while maintaining safeguards against price distortion.”

The framework is expected to be particularly relevant to high-priced counters such as Seplat Energy, Airtel Africa, Dangote Cement, Geregu Power and Nestlé Nigeria, while stocks such as BUA Foods, trading within the ₦500–₦999.99 band, will also face a lower volume threshold.

What’s Being Said

Market analysts have broadly welcomed the change, arguing that the previous flat threshold was increasingly unsuitable for stocks with widely different share prices.

“Requiring the same quantity to move the price of both categories does not provide a fair pricing methodology. That is why I consider the new arrangement a welcome development,” said Charles Fakrogha, Managing Director/CEO, ECL Asset Management Limited.

Fakrogha, however, cautioned that the reform would not completely eliminate market manipulation, while Abiodun Ogunniyi, Head of Research, GTI Securities Limited, said the lower thresholds could make high-priced stocks more responsive to market activity.

Ogunniyi also argued that Nigeria’s broader challenge remains shallow market depth, describing the reform as “a quick fix to a deeper problem” and calling for greater market depth to address liquidity concerns over the long term.

What’s Next

  • NGX could implement the revised pricing methodology before the end of August 2026
  • Investors in high-priced stocks will watch early trading sessions for changes in price sensitivity and volatility once the framework takes effect
  • Market participants will assess whether the lower thresholds improve price discovery without creating greater opportunities for short-term price manipulation

The Bottom Line:

The postponement delays the immediate market impact but does not remove it. Once implemented, the lower volume thresholds could make high-priced stocks more responsive to buying and selling activity, making liquidity, execution strategy and profit-taking increasingly important considerations for investors.

Arsenal crush Manchester city 3-0 to win community shield

Nigeria inflation seen easing to 15.80% in july

By
Boluwatife Oshadiya
-
Nigeria's inflation rate

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • Coronation Research forecasts Nigeria’s headline inflation at 15.80% year-on-year in July, extending the disinflation trend
  • Month-on-month inflation is projected to rise to 1.90% from 1.66% in June as fuel-price pressures feed into transport and logistics costs
  • Seasonal food harvests and relative naira stability could moderate price pressures, although energy and foreign-exchange risks remain

Main Story

Nigeria’s headline inflation rate is projected to ease to 15.80% year-on-year in July from 15.91% in June, according to Coronation Research, as seasonal food relief and relative naira stability offset renewed energy-price pressures.

The forecast also puts month-on-month inflation at 1.90%, up from 1.66% in June. Coronation Research attributed the expected increase to a fuel-price shock in the second half of July, which could raise transportation, haulage and logistics costs despite declining prices for some staple foods.

The National Bureau of Statistics (NBS) reported June headline inflation at 15.91%, down marginally from 15.93% in May. The bureau recorded core inflation at 15.92% and food inflation at 17.52% in June.

Food and non-alcoholic beverages account for 40.2% of Nigeria’s Consumer Price Index basket under the 2025-rebased CPI. Coronation expects the main harvest season in northern and Middle Belt states to provide some relief for staples including yam, cassava and tomatoes, although higher logistics costs could limit the impact.

Energy prices present a countervailing risk. Dangote Petroleum Refinery switched petrol transactions to dollar-denominated pricing on July 13, with petrol fixed at $0.779 per litre, before returning to naira pricing on July 22 at a higher ex-depot price.

The naira also remained relatively stable during July, trading around the ₦1,362–₦1,383 per dollar range at the official window, according to the market assessment cited by Coronation Research.

What’s Being Said

“The June 2026 headline inflation rate showed a decrease of 0.02% compared to the May 2026 headline inflation rate,” the National Bureau of Statistics said in its June Consumer Price Index report.

Coronation Research expects July’s disinflation to continue, but warns that the increase in month-on-month inflation reflects renewed pressure from fuel prices and its potential transmission into transportation, logistics and services.

What’s Next

The key near-term development is the release of the NBS July Consumer Price Index, which will determine whether the 15.80% forecast materialises.

Markets and policymakers will also monitor the extent to which July’s fuel-price shock feeds into transport, logistics and service costs. The performance of food prices during the harvest season and movements in the naira will remain important indicators for the direction of inflation in the coming months.

The Bottom Line:

The projected July decline would reinforce Nigeria’s emerging disinflation trend, but the increase in monthly inflation shows that the improvement remains vulnerable to energy and transport-cost shocks. The headline rate may be easing, but underlying price pressures have not disappeared.

Arsenal crush Manchester city 3-0 to win community shield

USA moves to end TPS protections for Somalia, South sudan

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • A US federal judge clears the way for the Trump administration to end Temporary Protected Status for Somalia
  • A separate ruling on August 7 also allows the government to terminate TPS protections for South Sudan
  • Cameroon’s TPS ended in 2025, while Ethiopia remains subject to separate litigation over its termination

Main Story

The United States has moved to end Temporary Protected Status (TPS) protections for nationals of Somalia and South Sudan following recent federal court rulings clearing the way for the Trump administration to implement the terminations.

TPS is a humanitarian immigration programme that allows eligible nationals of designated countries already in the United States to remain temporarily and obtain employment authorisation when conditions in their home countries prevent safe return. The programme does not itself provide lawful permanent resident status.

For Somalia, a federal judge in Massachusetts on August 14 allowed the administration to proceed with terminating TPS after earlier litigation had temporarily blocked the move. The original termination had been scheduled for March 17, 2026, but a court issued a stay on March 13 while the case was being considered.

South Sudan followed a similar legal path. A federal judge in Massachusetts ruled on August 7 that the administration could end TPS protections for South Sudanese nationals after earlier court orders had temporarily prevented the termination from taking effect. Reuters reported that the ruling affected about 232 South Sudanese TPS beneficiaries.

Cameroon is also among the African countries whose TPS designation has already been terminated. The Department of Homeland Security announced in June 2025 that Cameroon’s designation would end effective August 4, 2025, after a review concluded that the statutory conditions for TPS were no longer met.

Ethiopia presents a different situation. Although DHS announced the termination of its TPS designation in December 2025, federal litigation subsequently blocked the termination. Recent reporting indicates that Ethiopia remained under judicial protection as the administration pursued its broader TPS policy.

What’s Being Said

“TPS offers protection from deportation and work authorization to migrants from nations suffering from severe crises like war or natural disasters.” — Reuters, reporting on the August 7 South Sudan ruling.

“The termination shall be null, void, and of no legal effect.” — Allison D. Burroughs, U.S. District Judge, in the March 13, 2026 order temporarily staying Somalia’s TPS termination.

What’s Next

The administration’s implementation of the Somalia and South Sudan decisions will determine when affected beneficiaries lose TPS protections and associated employment authorisation.

Further litigation could still affect the timing and implementation of TPS terminations, particularly as courts continue to apply the US Supreme Court’s June 2026 ruling limiting judicial review of certain procedural challenges to DHS decisions.

Bottom Line

The Bottom Line: The latest rulings strengthen the Trump administration’s ability to unwind TPS protections that had been shielded by federal court orders. For affected African nationals, the immediate issue is the transition from temporary humanitarian protection to whatever other lawful immigration status or protection they may qualify for.

Arsenal crush Manchester city 3-0 to win community shield

Cameroon wins first WAFCON title after beating Malawi 3-0

By
Boluwatife Oshadiya
-
Premier League Unveils Schedule For 2023/2024 Season

By Boluwatife Oshadiya | August 17, 2026

Key Points

  • Cameroon defeat Malawi 3-0 in Rabat to win their first Women’s Africa Cup of Nations title
  • Marie Ngah Manga scores twice while Naomi Eto adds the other goal in a dominant first half
  • Malawi’s historic debut ends with a runners-up finish, while the four semi-finalists qualify for the 2027 FIFA Women’s World Cup

Main Story

Cameroon won their first Women’s Africa Cup of Nations (WAFCON) title on Sunday, defeating debutants Malawi 3-0 in the final at the Moulay El Hassan Stadium in Rabat, Morocco.

Marie Ngah Manga opened the scoring in the 20th minute before Naomi Eto doubled Cameroon’s advantage 10 minutes later. Ngah Manga then struck again in first-half stoppage time to give the Indomitable Lionesses a commanding 3-0 lead at the break.

Malawi, appearing at the tournament for the first time, struggled to break through Cameroon’s defence after the interval. The Scorchers had depended heavily on sisters Tabitha and Temwa Chawinga during their run to the final, but Cameroon restricted their influence for long periods.

Ngah Manga came close to completing her hat-trick early in the second half after rounding goalkeeper Mercy Sikelo, but her effort went wide. Malawi later created opportunities through Tabitha Chawinga, whose effort was saved by Cameroon goalkeeper Michaely Bihina before her rebound went wide.

The victory completes a major turnaround for Cameroon, who were not among the original qualifiers for the expanded 16-team tournament. CAF selected Cameroon among four additional teams based on the FIFA Women’s World Rankings after the qualifying phase had been completed.

The 2026 WAFCON was expanded from 12 to 16 teams and also served as Africa’s qualification route for the 2027 FIFA Women’s World Cup in Brazil.

Cameroon had previously lost three WAFCON finals but finally secured the continental crown in Rabat. Malawi’s run to the final nevertheless marked a landmark achievement, following their first-ever qualification for the competition.

What’s Being Said

“I am extremely happy with the results. It wasn’t easy — Angola is a good side.” — Lovemore Fazili, Head Coach, Malawi Women’s National Team.

What’s Next

Cameroon and the other leading teams from the tournament now turn their attention to preparations for the 2027 FIFA Women’s World Cup in Brazil. CAF confirmed that WAFCON 2026 serves as the continental qualification pathway for the tournament.

Malawi will also enter the next phase of its women’s football programme after reaching its first WAFCON final on debut.

Bottom Line

The Bottom Line: Cameroon’s breakthrough title ends a long wait for one of Africa’s most consistent women’s football teams, while Malawi’s unexpected run demonstrates the growing competitiveness of women’s football on the continent. The expanded WAFCON has also widened the pathway to the global stage, giving more African teams a route to the 2027 World Cup.

Arsenal crush Manchester city 3-0 to win community shield

Tram discusses kiss with Temi Nkem as house drama continues

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | August 16, 2026

Key Points

  • Tram discusses his recent kiss with Temi Nkem as relationship speculation grows in the house
  • Housemates vote for Most Influential Player of the Week and compete in a BetPawa task
  • Team 1250% Win Bonus wins the sponsored challenge with 160 points

Main Story

Big Brother Naija Season 11’s Day 20 featured relationship drama, MIPOW voting, a BetPawa task and the return of the Saturday night party. The day’s relationship storyline centred on Tram and Temi Nkem after Tram discussed their recent kiss with Goddessa and Sheba.

Tram said Temi Nkem appeared uncomfortable after the kiss and had started avoiding him around the house. He also said he believed she liked him, while admitting that he liked her despite describing her as childish at times.

The conversation ended when Keivo approached the group, prompting them to change the subject.

Elsewhere, Goddessa opened up about her strained relationship with Araga, while Kamsy continued discussing her issues with Goddessa. Araga later apologised to Goddessa during another conversation in the bedroom.

The housemates also voted for the week’s Most Influential Player of the Week (MIPOW), with several contestants campaigning for their preferred nominees.

The major task of the afternoon was a BetPawa-sponsored football challenge. The housemates were divided into four teams and competed across a football quiz, finishing challenge, clue game and football relay.

Team 1250% Win Bonus, comprising Chimsom Chuka, Barry, Temi Nkem, Sheba, Bluethopia and Cassi, emerged as the overall winners with 160 points.

The housemates later prepared for the Saturday night link-up, with the party running from 9:00 p.m. before they returned to the house to discuss the night’s events.

What’s Being Said

Tram told fellow housemates that Temi Nkem appeared to be avoiding him after their kiss and suggested that he could sense she liked him.

Temi Nkem separately told Sheba that she wanted her relationship with Keivo to remain platonic, explaining that “we aren’t in a relationship.”

The official Africa Magic Day 20 account described the house as being dominated by relationship drama, gossip and the growing speculation around Tram and Temi Nkem.

What’s Next

  • The housemates are set for the Sunday Live Eviction Show at 7:00 p.m. WAT
  • MIPOW results are expected to add another layer to the week’s house dynamics
  • The relationship tension involving Tram, Temi Nkem and Keivo is likely to remain a talking point as the competition progresses

Bottom Line

The Bottom Line: Day 20 reinforced the two forces driving Season 11’s audience interest — competition and interpersonal drama. Tram’s disclosure adds another potential relationship storyline to a house already crowded with shifting alliances and unresolved tensions.

OsunDecides: Police arrest lawmaker, 146 suspected thugs as voting begins

INEC declares Adeleke winner of Osun governorship election

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya| August 16, 2026

Key Points

  • INEC declares Ademola Adeleke winner of the August 15 Osun governorship election with 511,067 votes
  • Adeleke defeats APC candidate Bola Oyebamiji, who records 444,815 votes
  • Accord wins 19 local government areas while APC takes 11

Main Story

The Independent National Electoral Commission (INEC) has declared Osun State Governor Ademola Adeleke the winner of the August 15 governorship election, securing 511,067 votes.

The State Returning Officer, Professor Joshua Ogunwole, Vice-Chancellor of the Federal University, Oye-Ekiti, announced the final result at about 7:24 a.m. on Sunday.

Adeleke, who contested on the platform of the Accord Party, defeated his closest challenger, Bola Oyebamiji of the All Progressives Congress (APC), who polled 444,815 votes.

The result showed Adeleke winning 19 of the state’s 30 local government areas, including Ede North, Ede South, Ejigbo, Iwo, Egbedore, Ife North, Ife East, Ife Central, Oriade, Ifelodun, Orolu, Ayedaade, Ayedire, Odo Otin, Boluwaduro, Ilesa West, Ifedayo, Osogbo and Ayedire.

Oyebamiji won in 11 local government areas, including Irewole, Isokan, Olorunda, Atakumosa East, Atakumosa West, Ilesa East, Boripe, Irepodun and Obokun.

INEC recorded 1,010,684 accredited voters, with 1,005,800 total votes cast. Of these, 985,079 were valid votes while 20,721 were rejected votes, according to the figures announced by the returning officer.

“That Ademola Nurudeen-Jackson Adeleke, having satisfied the requirements of the law, is hereby declared the winner of the August 15 governorship election and returned elected,” Professor Joshua Ogunwole, State Returning Officer, said.

The result makes Adeleke the first Osun governor to secure a second term since the state’s creation, according to reports on the election. His victory also extends his tenure after he first won the governorship in 2022.

What’s Being Said

INEC’s declaration formally settled the result after party agents signed the collated figures. President Bola Tinubu and former Vice President Atiku Abubakar were among political figures reported to have congratulated Adeleke following the declaration.

The APC candidate, Bola Oyebamiji, had earlier urged supporters to remain peaceful and vigilant during the collation process, while commending INEC and security agencies for their conduct during the election.

What’s Next

  • Adeleke is expected to continue preparations for the transition into his second term following INEC’s declaration
  • Parties and candidates retain the right to challenge the result through the electoral dispute resolution process
  • The final political implications of the result will feed into wider preparations for Nigeria’s 2027 electoral cycle

Bottom Line

The Bottom Line: Adeleke’s victory gives the Accord Party control of Osun for another term and confirms the governor’s ability to retain office despite a strong APC challenge. The scale of the margin also gives the result significance beyond the state’s immediate political landscape.

EFCC arraigns man over N56.4m Hajj pilgrimage fraud

Arsenal crush Manchester city 3-0 to win community shield

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | August 16, 2026

Key Points

  • Arsenal beat Manchester City 3-0 at the Principality Stadium to win the 2026 FA Community Shield
  • Riccardo Calafiori scored after 23 seconds before Kai Havertz and Martin Ødegaard completed the victory
  • The result gives Mikel Arteta his third Community Shield as Arsenal manager and hands new City boss Enzo Maresca a difficult competitive debut

Main Story

Arsenal opened their 2026-27 campaign with a 3-0 victory over Manchester City at the Principality Stadium on Sunday, securing their 18th FA Community Shield title.

Riccardo Calafiori gave Arsenal the lead after just 23 seconds, finishing a swift move initiated by Myles Lewis-Skelly. The goal was the fastest in Community Shield history and immediately put Manchester City on the back foot.

Arsenal doubled their advantage in the 28th minute when Kai Havertz headed the ball beyond Manchester City goalkeeper Gianluigi Donnarumma. New signing Christos Tzolis provided the assist after linking with Martin Ødegaard, giving Arsenal a two-goal advantage before half-time.

Manchester City created opportunities before the break, with Erling Haaland testing David Raya and Jérémy Doku seeing an effort blocked. Arsenal, however, remained the more effective side and continued to threaten after the restart.

Ødegaard then made it 3-0 early in the second half after another incisive Arsenal move, with Tzolis supplying his second assist of the afternoon. The Arsenal captain’s finish effectively settled the contest.

Bukayo Saka came close to adding a fourth after coming off the bench, but Arsenal ultimately settled for a commanding three-goal victory.

The result gives Mikel Arteta his third Community Shield victory as Arsenal manager, while Enzo Maresca’s first competitive match in charge of Manchester City ended in a heavy defeat.

What’s Being Said

“It was a very good performance. We showed hunger and desire to win another trophy, but we know the season starts properly now.” — Martin Ødegaard, Arsenal captain.

“We need to improve, but there is still time before the transfer window closes and we will continue working.” — Enzo Maresca, Manchester City manager.

What’s Next

  • Arsenal now turn their attention to their Premier League title defence, beginning with Coventry City
  • Manchester City will prepare for their Premier League opener against Bournemouth next Sunday
  • Both clubs still have time to assess their squads and make further additions before the transfer window closes, with Maresca indicating that City could remain active in the market

Bottom Line

The Bottom Line: Arsenal have opened the new campaign with a statement victory over one of their principal rivals, while the result gives Arteta’s side early momentum heading into the Premier League season. For Maresca, the defeat exposes the scale of the rebuilding and adaptation required as Manchester City enters a new managerial era.

China grants RMB 200m to boost Nigeria’s economy, says Ambassador Yu Dunhai

EFCC arraigns man over N56.4m Hajj pilgrimage fraud

By
Ibe Wada
-

Key points

  1. The EFCC Ibadan Zonal Directorate arraigned Lawal Musa over alleged N56.4 million Hajj pilgrimage fraud.
  2. Musa allegedly claimed to work for the Kaduna State Government and promised to facilitate the 2023 Hajj pilgrimage for victims.
  3. Ten individuals reportedly paid a cumulative N56,491,000 through Ibrahim Shuaibu to the defendant.
  4. The victims, who were involved in cattle breeding and rearing in Oke-Ogun, Ibadan, allegedly failed to travel for the 2023 Hajj.
  5. Musa faces a 57-count charge bordering on stealing by conversion, forgery and uttering of documents.
  6. He pleaded not guilty to the charges.
  7. The court remanded him at Agodi Correctional Centre and adjourned the case until August 17, 2026, for hearing of his bail application.

Main Story

The Ibadan Zonal Directorate of the Economic and Financial Crimes Commission has arraigned Lawal Babale Musa before the Oyo State High Court in Ibadan over an alleged N56.49 million Hajj pilgrimage fraud.

Musa was arraigned before Justice Olusola Adetujoye on a 57-count charge involving alleged stealing by conversion, forgery and uttering of documents.

According to the EFCC, Musa allegedly approached Ibrahim Shuaibu and claimed that he worked for the Kaduna State Government and could facilitate the 2023 Hajj pilgrimage.

Shuaibu subsequently informed some of his friends, who were reportedly involved in cattle breeding and rearing in the Oke-Ogun area of Ibadan. The individuals allegedly paid a combined N56,491,000 to Shuaibu, who transferred the funds to Musa for the purpose of facilitating their pilgrimage.

However, the EFCC alleged that none of the intended pilgrims travelled to Saudi Arabia for the 2023 Hajj because Musa failed to fulfil his promise.

The commission further alleged that Musa forged receipts purportedly issued by the Kaduna State Pilgrims Welfare Agency and presented them as genuine.

One of the counts alleged that Musa converted the N56.49 million intended for the Hajj pilgrimage to his personal use between November 2, 2022, and July 22, 2024.

Another count accused him of forging a Kaduna State Pilgrims Welfare Agency receipt in the name of Jibril Adamu, while another alleged that he uttered a separate receipt with the intention that it would be accepted as genuine.

Musa pleaded not guilty to all the charges.

Following his plea, EFCC counsel, Bashir Shamsuddeen, requested a trial date and asked the court to remand the defendant in a correctional centre. Defence counsel, Kehinde Adegbola, however, informed the court that he had filed a bail application seeking Musa’s release on liberal terms.

Justice Adetujoye subsequently adjourned the case until August 17, 2026, for hearing of the bail application and ordered that Musa be remanded at Agodi Correctional Centre.

The Issues

  1. Alleged diversion of funds specifically paid for religious pilgrimage.
  2. The use of alleged false government documents and receipts to facilitate the scheme.
  3. The vulnerability of prospective pilgrims who rely on intermediaries to secure Hajj arrangements.
  4. The need for prospective pilgrims to verify the accreditation and authority of agents handling pilgrimage payments.
  5. The importance of stronger monitoring of Hajj-related financial transactions and intermediaries.

What’s Being Said

Economic and Financial Crimes Commission:
The EFCC alleged that Musa obtained the funds under the pretext of facilitating the 2023 Hajj pilgrimage and subsequently converted the money for personal use, while allegedly using forged documents to support his claims.

Kehinde Adegbola, Defence Counsel:
Defence counsel asked the court to admit Musa to bail on liberal terms, informing the court that a bail application had been filed.

Lawal Babale Musa:
Musa pleaded not guilty to the 57-count charge.

What’s Next

The immediate next step is the August 17, 2026 hearing of Musa’s bail application. The substantive trial will determine whether the allegations brought by the EFCC are proven beyond the required legal standard.

Bottom Line

The case highlights the financial risks surrounding unofficial or fraudulent pilgrimage arrangements. With N56.49 million allegedly lost by prospective pilgrims, the prosecution will now have to establish its case against Musa, while the court considers his application for bail.

China grants RMB 200m to boost Nigeria’s economy, says Ambassador Yu Dunhai
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