President Bola Tinubu orders the immediate arrest of Prince George Buchi Nwabueze after ICPC uncovers an unauthorised government office within the OSGF
ICPC identifies the National Brands Development and Made-in-Nigeria Special Project Office as an alleged fake agency operating without presidential authorisation
Tinubu suspends M.S. Danjuma, Nadungu Gagare and Richard P. Pheelangwah as ICPC expands its investigation into weaknesses in public-service processes
Main Story
President Bola Tinubu has ordered the immediate arrest of Prince George Buchi Nwabueze and suspended three permanent secretaries after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) uncovered an alleged fake government office operating within the Office of the Secretary to the Government of the Federation (OSGF).
ICPC Chairman Musa Adamu Aliyu, SAN, disclosed the development on Friday after briefing Tinubu at the Presidential Villa in Abuja, according to reports from State House correspondents.
The office, identified as the National Brands Development and Made-in-Nigeria Special Project Office, was allegedly allocated space within the OSGF premises without presidential authorisation and contrary to existing public-service rules, ICPC said.
ICPC identified Nwabueze as the alleged promoter of the office and said investigators found that he operated under several variations of his name, including George Nathan, George Nathan Nwabueze, Honourable George Buchi Nwabueze, Prince George Buchi Nwabueze and George Nwabueze. The commission also alleged that there were suspected collaborators within the OSGF.
The discovery emerged from a wider ICPC investigation into the previously uncovered Presidential Foreign Intervention Promotion Council (PFIPC) and weaknesses in government processes. The commission said it had engaged the OSGF to obtain information concerning the newly identified office before briefing the President on its findings.
Following the briefing, Tinubu directed Nwabueze’s immediate arrest and ordered the suspension of three permanent secretaries: M.S. Danjuma, Nadungu Gagare and Richard P. Pheelangwah.
The latest discovery forms part of an expanding investigation into alleged fictitious government bodies. An ICPC interim report submitted to Tinubu on August 6 after a 30-day investigation had also identified the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public-Private Partnership as other fictitious bodies.
What’s Being Said
“I have briefed Mr President comprehensively on these new developments. ICPC will continue with its investigations accordingly,” Musa Adamu Aliyu, Chairman, Independent Corrupt Practices and Other Related Offences Commission.
Aliyu also said the President directed the immediate arrest of Nwabueze and the suspension of the three permanent secretaries following the discovery.
No independent response from Nwabueze or the three suspended permanent secretaries was identified in the reports reviewed for this story by publication time.
What’s Next
ICPC investigation: The commission is expected to continue investigating how the alleged unauthorised office was established and obtained space within the OSGF
Government process review: Tinubu has ordered a forensic audit of government processes as authorities examine weaknesses that could allow unauthorised bodies to operate within federal institutions
Further action: Additional arrests, suspensions or other measures could follow if the ongoing investigation establishes further involvement or procedural breaches
Bottom Line
The Bottom Line: The discovery moves the fake-agency investigation beyond individual allegations to questions about how unauthorised organisations can gain access to federal government facilities and operate within official structures. The suspension of three permanent secretaries and the ordered forensic audit signal a broader examination of the controls governing access, authorisation and accountability across the public service.
Highlighting the growing role of Nigeria’s debt capital markets in supporting the healthcare sector, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the listing of Emzor Pharma Funding SPV PLC’s ₦26.70 billion 5-Year 19.00% Series 1 Fixed Rate Bond (the “Bond”) under its ₦40.00 billion Bond Issuance Programme on its platform. Approved by the Exchange’s Board Listings and Markets Committee, this listing further demonstrates the capacity of Nigeria’s debt capital markets to mobilise long-term funding for key sectors of the economy, including local pharmaceutical manufacturing.
Emzor Pharma Funding SPV PLC (“Emzor Pharma Funding” or the “Issuer”) is a special purpose vehicle established to meet the capital market financing needs of its sponsor, Emzor Pharmaceutical Industries Limited, a wholly indigenous Nigerian pharmaceutical manufacturing group with decades of experience producing medicines and medical consumables for local and regional markets. Proceeds from this Bond issuance, sponsored by Renaissance Securities (Nigeria) Limited (Lead Sponsor), FirstCap Limited and UCML Capital Limited (Co-Sponsors), all Registration Members (Listings) of FMDQ Exchange, will be deployed towards supporting the Issuer’s working capital needs and the expansion of its local manufacturing capacity, aligning with Nigeria’s ambition for healthcare self-sufficiency.
Commenting on the Bond listing, Mr. Emeka Okoli, Board Chairman, Emzor Pharma Funding SPV PLC, said, “Emzor is pleased to have successfully completed its ₦26.70 billion Series 1 Bond Issuance, our second domestic bond issuance, marking a significant milestone in the company’s efforts to deepen local pharmaceutical manufacturing. The strong investor participation and oversubscription reflect the confidence investors have in Emzor’s business fundamentals and long-term vision. The proceeds from the issuance will support the completion of the first full-scale antimalarial Active Pharmaceutical Ingredient (“API”) manufacturing plant in Africa, a transformative project that will strengthen domestic pharmaceutical manufacturing, reduce reliance on imported APIs and contribute to greater pharmaceutical self-sufficiency in Nigeria and across the continent. We are grateful to our investors, transaction advisers and the Nigerian capital markets community for their confidence and support.”
In the same vein, Mr. Samuel Sule, Renaissance Capital Africa, said, “Renaissance Capital Africa is pleased to again have been entrusted, as Lead Issuing House, with a landmark issuance for Emzor Pharmaceutical Industries Limited. The transaction, Emzor’s sophomore domestic bond, is directed at the heart of Nigeria’s pharmaceutical manufacturing base, promoting national health security and sovereignty by supporting completion of the first antimalaria API plant on the sub-continent.”
Also speaking on the transaction, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group PLC, stated, “The listing of Emzor Pharma Funding SPV PLC’s Series 1 Bond on FMDQ Exchange underscores the vital role our debt capital markets play in strengthening Nigeria’s healthcare value chain. By connecting a leading indigenous pharmaceutical manufacturer with long-term investor capital, FMDQ Exchange is supporting the expansion of locally driven industries while contributing to the development of a deeper and more resilient capital market.”
This listing further reinforces FMDQ Exchange’s role as a platform for corporates seeking to access long-term capital and highlights investor appetite for well-structured issuances that support Nigeria’s real sector. It also reflects the Exchange’s role in connecting businesses with diverse sources of funding to support sustainable growth and expansion. FMDQ Exchange remains committed to deepening access to the debt capital markets for indigenous manufacturers and other productive enterprises that contributes to Nigeria’s broader economic development.
FMDQ Group PLC (“FMDQ Group” or the “Group”) is Africa’s first vertically integrated FMI group, strategically positioned to provide end-to-end services across the financial markets value chain. The Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing & central counterparty, and settlement services for financial markets transactions; securities depository services; and market data & information services, across the debt capital, foreign exchange, derivatives, and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.
FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”) has approved the quotation of Ojaja Pan Africa Limited’s ₦4.80 billion Series 1, ₦1.36 billion Series 2, and ₦19.37 billion Series 3 Commercial Papers (“CPs”) under its ₦100.00 billion CP Issuance Programme on its platform. The approval by the Exchange’s Board Listings and Markets Committee, further expands Ojaja Pan Africa’s access to Nigeria’s debt capital markets and reflects the growing participation of diversified corporates in the short-term funding landscape.
Ojaja Pan Africa Limited (“Ojaja Pan Africa” or the “Issuer”) is a diversified conglomerate with interests in real estate, agriculture, manufacturing, mining, tourism, hospitality and retail across Africa. Having previously accessed the Exchange’s platform to raise short-term capital, the Issuer has established a track record of meeting its obligations as they fall due. The net proceeds from this CP issuance, sponsored by Comercio Partners Capital Limited, a Registration Member (Quotations) of FMDQ Exchange, will support the Issuer’s working capital requirements and the continued expansion of its business interests across its operating segments.
Commenting on the CP quotation, Ms. Tumi Sekoni, Group Chief Operating Officer, FMDQ Group PLC, stated, “Ojaja Pan Africa’s return to the CP market at this larger scale underscores the continued interest in well-structured corporate issuances and the important role of the CP market in meeting short-term funding needs. FMDQ Exchange remains committed to providing corporates, including diversified conglomerates, with efficient access to the debt capital markets, and we are pleased to support Ojaja Pan Africa as it deploys this facility to advance its pan-African operations.”
As Nigeria’s capital markets continue to deepen, FMDQ Exchange remains focused on providing issuers across sectors with a reliable and efficient platform for mobilising short-term capital. Through robust market infrastructure, sound governance, and a commitment to transparency and market integrity, the Exchange continues to support the evolving needs of issuers and investors in Nigeria’s money markets. These efforts facilitate access to alternative funding sources, strengthen market confidence and contribute to the development of a more resilient and dynamic financial markets ecosystem.
FMDQ Group PLC (“FMDQ Group” or the “Group”) is Africa’s first vertically integrated FMI group, strategically positioned to provide end-to-end services across the financial markets value chain. The Group offers registration, listing, quotation, and noting services; integrated trading platforms; clearing & central counterparty, and settlement services for financial markets transactions; securities depository services; and market data & information services, across the debt capital, foreign exchange, derivatives, and equity markets, through its wholly owned subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.
It is often the big-ticket purchases that get the blame when Nigerians talk about money disappearing.
Rent. School fees. Groceries. Transport. Utility bills.
But sometimes, the real culprit is hiding in plain sight.
It is the ₦2,000 spent here, the ₦5,000 there, the subscription that renews automatically, the convenience purchase that feels too small to matter, and the spontaneous “I deserve this” moment that somehow happens several times a week.
Individually, many of these expenses look harmless. Collectively, they can become a surprisingly large drain on disposable income.
Here’s a list of everyday expenses Nigerians may want to keep a closer eye on.
1. Food Delivery and Convenience Meals
There is nothing inherently wrong with ordering food. For someone working late, travelling, studying, has limited culinary skills, or simply cannot cook for diverse reasons, food delivery can be a useful convenience.
The problem begins when convenience becomes routine. Beyond the cost of the meal itself, delivery charges, service fees and other associated costs can quietly increase the final bill. Ordering several times a week can therefore turn what looks like a series of small purchases into a significant monthly expense.
For many people, the question isn’t whether they should stop ordering food altogether. It is whether every meal needs to arrive at their doorstep.
2. Transport Convenience
Nigeria’s transportation challenges have created an entire economy around convenience.
Uber, taxis and other premium transport options can save time and reduce stress, particularly when public transportation is inconvenient or unreliable. But convenience comes at a price. A person who regularly chooses a more expensive transport option may barely notice the difference on any individual trip. Multiply that difference across dozens of journeys in a month, however, and the total can become substantial.
Sometimes, the expensive part isn’t the destination. It is how comfortably we choose to get there. That non-AC danfo can help save a few bucks at the end of the month.
3.SubscriptionsWe Barely Use
Streaming platforms, cloud storage, mobile services, software, gaming services and other subscriptions have made recurring payments almost invisible. That invisibility is precisely what makes them easy to overlook. A subscription that costs relatively little each month may not attract much attention. Several such subscriptions, however, can create a recurring expense that continues long after the initial excitement has disappeared.
The classic question is simple: “When was the last time you actually used it?” If the answer requires serious thought, the subscription may already have outlived its usefulness.
4. Impulse Purchases
This may be the most obvious offender and one of the hardest to eliminate. Impulse buying thrives on small justifications:
“If I don’t spoil myself, who will?”
“The vendor is selling at a discounted price”
“It’s not that expensive.”
The problem is that ’one small purchase’ repeated frequently stops being small.
Digital shopping has made impulse buying even easier. A purchase can now be completed in seconds, often without the psychological pause that accompanies physically handing over cash.
The danger isn’t necessarily one extravagant purchase. It is the accumulation of dozens of purchases that seemed too insignificant to deserve consideration.
5. Unplanned Airtime and Data Spending
For a population increasingly dependent on smartphones for communication, entertainment, education and work, airtime and data have become everyday necessities. But necessity doesn’t mean every purchase is equally efficient. Buying additional data because an existing bundle was poorly planned, subscribing to services that aren’t regularly used, or repeatedly purchasing small bundles can result in higher monthly spending than expected.
A little monitoring can reveal whether the problem is genuinely heavy usage, or simply inefficient spending.
6. Frequent Small Purchases
This category is deceptively broad.
Snacks. Drinks. Coffee. Convenience-store purchases. Small accessories. Quick stops at shops. “Let me grab something” moments. None of these purchases necessarily feels significant. That’s exactly why they can be dangerous to a budget.
A person may remember the ₦50,000 purchase they made last month while completely forgetting the dozens of ₦2,000, ₦1,000 and even the ₦500 transactions that occurred throughout the same period.
Small expenses are easy to dismiss individually because they rarely feel like financial decisions. Collectively, they are.
7. Lifestyle Spending Driven by Social Pressure
Perhaps the most complicated category is spending that isn’t entirely about what we want, but about what we feel we are expected to have.
Eating at particular places because friends are going there. Buying certain clothes because everyone seems to have them. Attending events that require outfits, transportation and other expenses. Upgrading phones or other gadgets because the existing ones suddenly feel inadequate.
Social spending isn’t money mismanagement per se. Human beings are social creatures, and experiences with friends and family have value. The problem begins when maintaining a particular lifestyle consistently exceeds what one’s income can comfortably support.
Sometimes the most expensive thing in the room isn’t the product. It is the pressure to keep up.
The Bigger Picture
The point isn’t that Nigerians should eliminate every convenience or stop spending money on things they enjoy. Money exists to meet needs, pursue goals and, yes, occasionally enjoy life.
The bigger lesson is awareness. Large expenses tend to announce themselves. Small expenses rarely do. That is why tracking everyday spending can be revealing.
Someone who believes they are losing money primarily to one large monthly bill may discover that a substantial portion of their disposable income is actually disappearing through a long list of seemingly insignificant transactions.
The question, therefore, isn’t simply: “What am I spending money on?” It is: “What am I repeatedly spending money on without consciously deciding that it is worth the cost?” That distinction could be the difference between wondering where the money went and actually knowing where it went.
Zenith Bank will hold its 10th International Trade Seminar on Aug. 25.
The event will examine ways to increase the value and competitiveness of Nigeria’s non-oil exports.
Speakers from AfCFTA, NEXIM Bank, Customs, CBN and other institutions will participate.
Main Story
Zenith Bank Plc is set to hold the 10th edition of its International Trade Seminar on Aug. 25, with the event focusing on ways to expand Nigeria’s non-oil exports and support economic growth.
The bank announced this in a statement issued in Lagos on Wednesday.
The virtual seminar, themed “Unlocking Value and Harnessing Growth in Non-oil Export”, will bring together policymakers, regulators, exporters, manufacturers, investors and other stakeholders.
Discussions will examine how Nigeria can move beyond exporting raw commodities by developing stronger value chains, widening market access and improving trade infrastructure and financing.
Participants will also consider how businesses can use the African Continental Free Trade Area (AfCFTA) to access regional markets and deepen intra-African trade.
The Secretary General of the AfCFTA Secretariat, Mr Wamkele Mene, and Chief Executive Officer of Plot Enterprise Ghana Ltd., Mrs Patricia Poku Diaby, are scheduled to speak at the seminar.
The immediate past President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, and Managing Director of the Nigerian Export-Import Bank (NEXIM Bank), Mr Abba Bello, are also listed among the speakers.
Other speakers include the Comptroller-General of the Nigeria Customs Service, Mr Adewale Adeniyi, and Ms Aderinola Shonekan, Director of the Trade and Exchange Department at the Central Bank of Nigeria.
Representatives of the Nigerian Investment Promotion Commission (NIPC), Nigerian Export Promotion Council (NEPC) and leading private-sector companies will also participate.
According to Zenith Bank, the discussions will cover export financing, customs and port efficiency, regulation, market access and the competitiveness of Nigerian businesses.
The bank said AfCFTA would be a major area of discussion because of its potential to connect Nigerian businesses to a continental market of more than one billion people.
It said Nigerian enterprises would need to strengthen their value chains and competitiveness to fully benefit from opportunities created by regional integration.
Zenith Bank said the International Trade Seminar had over the years provided a platform for government, regulators, businesses and financial institutions to examine challenges and opportunities within Nigeria’s trade ecosystem.
The bank said the 10th edition would focus on practical ways to increase the value derived from non-oil exports and translate Nigeria’s productive capacity into sustainable economic growth.
The Issues
Nigeria’s ability to expand non-oil exports is linked to issues such as value addition, access to finance, market opportunities, trade infrastructure and the competitiveness of local businesses.
The seminar will examine these areas alongside the opportunities presented by AfCFTA for Nigerian companies seeking to expand into other African markets.
What’s Next
The virtual seminar will take place on Aug. 25, with speakers drawn from government, regulatory institutions, financial institutions and the private sector.
The event will be streamed on Zoom, YouTube, Instagram, Facebook, X and TikTok. Interested participants can register through Zenith Bank’s website.
Bottom Line
Zenith Bank’s 10th International Trade Seminar will focus on strengthening Nigeria’s non-oil export capacity through value addition, improved market access, trade financing, infrastructure and greater use of AfCFTA opportunities.
He calls for greater discipline and responsible conduct to support stability and growth in the oil and gas industry.
Labour Minister Muhammad Dingyadi says strong regulation is necessary for investor confidence, workers’ protection and equitable growth.
Main Story
The Nigerian National Petroleum Company (NNPC) Ltd. has called for greater discipline in the implementation of regulations governing Nigeria’s oil and gas industry.
The company’s Group Chief Executive Officer (GCEO), Bashir Ojulari, made the call on Wednesday in Abuja at the opening of the 2026 Petroleum and Natural Gas Senior Staff Association (PENGASSAN) Energy and Labour Summit (PEALS 2026).
PENGASSAN organised the summit, which has “Strengthening Regulatory Frameworks as a Catalyst for Stability and Growth in Nigeria’s Oil and Gas Industry” as its theme.
Ojulari said regulations could not achieve their purpose simply because they were well drafted, arguing that their effectiveness ultimately depended on the conduct and competence of those responsible for applying them.
He placed particular emphasis on the industry’s workforce, saying PENGASSAN members played important roles in NNPC’s daily operations as well as in maintaining safety, governance and national energy security.
The GCEO said NNPC Ltd. was seeking to build an organisation in which its employees were able to thrive, adding that the company’s approach to enterprise, execution, growth and partnerships was closely connected to the way its workforce was treated and engaged.
He also called for decisions within the industry to be guided by facts, established rules and sound governance rather than practices capable of undermining institutions or businesses.
Ojulari challenged stakeholders to examine their response to waste, indiscipline and reckless conduct, particularly where such practices could affect the stability of the petroleum sector.
He said regulatory discipline needed to be embraced across the industry as a common standard.
According to him, effective enforcement alone would not guarantee stability unless workers were also valued and treated fairly.
He said NNPC Ltd. was improving its employee value proposition and urged PENGASSAN’s leadership and members to maintain constructive dialogue with government and other industry stakeholders.
Ojulari said such engagements should continue to give proper attention to workers’ welfare and dignity, particularly when policies affecting the sector were being considered.
He added that sustained growth would require regulations to be matched by responsible conduct, disciplined implementation and cooperation among the various participants in the industry.
The NNPC chief reaffirmed the company’s readiness to work with PENGASSAN and other stakeholders towards greater stability and sustainable development in the oil and gas sector.
The Minister of Labour and Employment, Dr Muhammad Dingyadi, also called for stronger regulation at the summit.
Dingyadi said an effective regulatory environment was important not only for the responsible management of the industry but also for protecting workers, attracting investors and improving Nigeria’s competitiveness.
He added that stable relations between employers and workers were an important component of stability in the oil and gas industry.
The Issues
The oil and gas industry faces the challenge of maintaining regulatory discipline while creating conditions that support investment, workers’ welfare and sustainable growth. Ojulari linked effective regulation to professionalism, governance and accountability, while Dingyadi emphasised the importance of regulation and stable labour relations to investor confidence and sector stability.
What’s Being Said
“A regulatory framework, however well written, is only as strong as the people who apply it every day.” — Bashir Ojulari
“So, before we speak of frameworks and policy, we must speak of the people who give them life.” — Bashir Ojulari
“Are we challenging waste, indiscipline and recklessness wherever they threaten the stability and growth of our sector?” — Bashir Ojulari
“Strong regulatory frameworks are the bedrock upon which stability, investor confidence and equitable growth are built,” — Muhammad Dingyadi
What’s Next
Ojulari urged PENGASSAN and other stakeholders to sustain constructive engagement with government and industry participants, with workers’ welfare, regulatory discipline and responsible conduct remaining central to discussions on the sector.
Bottom Line
The NNPC and Federal Government are advocating stronger regulation, disciplined implementation and stable labour relations as part of efforts to strengthen investor confidence and support sustainable growth in Nigeria’s oil and gas industry.
Chevron says policy predictability is critical to attracting long-term capital into Nigeria’s oil and gas industry.
Industry stakeholders identify regulatory uncertainty, oil theft, vandalism and infrastructure challenges as barriers to growth.
TotalEnergies calls for wider consultation before regulatory changes are introduced.
Main Story
Chevron Nigeria Ltd. has called for greater policy predictability and regulatory stability to encourage investment and support long-term growth in Nigeria’s oil and gas industry.
Mr Segun Kuteyi, Acting Chairman and Managing Director of the company, made the call at the 2026 PENGASSAN Energy and Labour Summit in Abuja.
The summit, themed “Strengthening Regulatory Frameworks as a Catalyst for Stability and Growth in Nigeria’s Oil and Gas Industry”, is examining regulatory issues affecting the sector.
Kuteyi said the scale and long-term nature of petroleum investments made regulatory certainty particularly important to investors.
He noted that companies committed substantial capital to projects before they generated returns, making a stable policy environment essential for investment decisions.
He also said regulatory stability benefited workers, host communities and governments by supporting career development, economic opportunities and more effective revenue planning.
Kuteyi acknowledged improvements associated with the Petroleum Industry Act (PIA) 2021, saying increased cooperation between government, regulators and industry participants had improved transparency and given investors and operators greater clarity.
He called for further strengthening of the regulatory system to ensure that Nigeria remained competitive in attracting investment.
According to him, transparent processes, accountability and efficient regulation would help build confidence while protecting national interests and encouraging innovation and operational improvements.
Kuteyi said Chevron’s continued exploration, appraisal and development activities demonstrated its confidence in the country’s petroleum potential.
He noted that the company had renewed its joint venture and deepwater leases following the implementation of the PIA.
The Chevron executive, however, identified oil theft, vandalism, infrastructure constraints, competition for investment and workforce readiness among the issues requiring sustained attention.
He urged government, industry operators, regulators, labour and other stakeholders to maintain collaboration and support investment throughout the energy value chain.
Mr Olatunji Akinwumi, Executive Director, Corporate Services, TotalEnergies E&P Nigeria Ltd., also stressed the importance of consultation when introducing regulatory changes.
Akinwumi said inadequate consultation could create uncertainty for companies and affect both existing investments and decisions on prospective projects.
He warned that changes to regulations after investments had been made could shift companies’ attention from expanding operations to protecting their existing commitments.
According to him, maintaining a stable policy environment would be necessary if Nigeria was to meet its production targets.
Akinwumi called for stronger engagement among government, regulators, operators and labour to create a predictable environment capable of attracting capital and supporting expansion in the oil and gas industry.
The Issues
Nigeria’s oil and gas industry requires large and long-term capital commitments, making regulatory consistency an important consideration for investors.
Stakeholders at the summit also highlighted the potential impact of oil theft, vandalism, infrastructure limitations and regulatory changes on production and investment.
What’s Being Said
“The most important thing is predictability. Capital is agnostic to location; it is simply searching for where superior returns will come, and competition continues to get more challenging,” — Segun Kuteyi
“Workers need stability because it is critical to their career development. Communities need stability to establish economic opportunities, while governments need it to plan revenues and budgets,” — Segun Kuteyi
“Nigeria must keep strengthening the regulatory framework to remain attractive, competitive and resilient,” — Segun Kuteyi
“We are here because we see a lot of potential. We are seeing clarity, stronger regulations and promise for the future,” — Segun Kuteyi
“What happens when there is a lack of clarity? What happens when we change the rules? If you change the rules midway, you confuse everybody,” — Olatunji Akinwumi
“For us to achieve that, we must ensure that whatever changes we make do not have unintended consequences that can distract us from growth,” — Olatunji Akinwumi
What’s Next
Government, regulators, operators and labour are expected to deepen consultations on regulatory changes as stakeholders seek greater certainty for investment and production.
Bottom Line
Industry stakeholders say a more predictable regulatory environment will be important for attracting long-term capital, expanding production and supporting sustainable growth in Nigeria’s oil and gas sector.
A 160-kilowatt battery storage solar mini-grid has been inaugurated in Gbelebu Community, Edo.
PIND and OOPC say residents must protect the facility and support its sustainability.
Stakeholders say the project is expected to improve electricity access and support economic activities.
Main Story
Residents of Gbelebu Community in Edo have been urged to take responsibility for protecting a newly commissioned solar mini-grid intended to improve electricity supply to the community.
The call was made by the Partnership Initiatives in the Niger Delta (PIND) and Okomu Oil Palm Company (OOPC) on Thursday during the inauguration of the 160-kilowatt battery storage project.
Dr Effiong Essien, PIND’s Director of Programmes, said the facility was designed to provide households and businesses in Gbelebu with clean, reliable and affordable electricity.
He said the project was funded by OOPC under its Corporate Social Responsibility programme, with PIND responsible for implementation and ETINPower Ltd. managing the facility.
Essien said PIND’s involvement had covered the development of the project concept, engagement with residents and technical training.
He noted that improved electricity supply would help reduce the community’s reliance on petrol and diesel generators and create better conditions for livelihoods and businesses.
The PIND director stressed that the value of the project would depend on how effectively the facility was managed after its inauguration.
He therefore called on residents to support its operation, participate in its management and ensure that the infrastructure was protected and maintained.
According to him, residents would also need to pay for the services provided by the facility if it was to remain sustainable.
Dr Graham Hefer, Managing Director of Okomu Oil Palm Company PLC, said the project demonstrated what could be achieved when businesses, government and development organisations worked together.
He described the inauguration as a reaffirmation of a shared commitment to development and urged residents to regard the infrastructure as their own and protect it against vandalism.
Prof. Yinka Omoregbe, Chief Executive Officer and Founder of ETINPower Ltd., said the project reflected the social responsibility efforts of OOPC and PIND.
He said the facility had a 160-kilowatt storage capacity and was designed to supply electricity to the entire community.
Omoregbe also acknowledged PIND’s contribution to the implementation of the project.
The Amananawei of Gbelebu, Chief Enoch Sulubor, expressed appreciation to OOPC for the various development projects it had provided for the community.
Gov. Monday Okpebholo of Edo also commended the organisations involved in the project.
Represented by his deputy, Dennis Idahosa, Okpebholo said the intervention was not only about electricity but also about improving livelihoods, expanding economic opportunities and enhancing residents’ quality of life.
He said the state government recognised the contribution that corporate social responsibility could make to host communities.
The Issues
Gbelebu’s new electricity infrastructure is intended to address the community’s dependence on petrol and diesel generators by providing an alternative source of power for households and businesses.
The project also raises the question of sustainability beyond its inauguration. PIND says residents will have to protect the facility, support its management and pay for the services they receive to help preserve the project over time.
What’s Being Said
“The sustainability of this facility cannot rest with OOPC, PIND or ETINPower. Its long-term success will be determined by how the community protects it, pays for the services it receives and preserves it for future generations,” — Effiong Essien
“It is a demonstration that when the private sector, government and development partners such as PIND work hand in hand, transformative change is not only possible but achievable within our lifetime.” — Graham Hefer
“I urge you all to take ownership of this infrastructure, take care of it and protect it from being vandalised. Today, it is now yours and yours forever,” — Graham Hefer
What’s Next
The immediate responsibility now shifts to the community to protect the mini-grid, support its operation and pay for the electricity services provided.
Bottom Line
The Gbelebu project provides a new electricity source for households and businesses, but its ability to deliver lasting benefits will depend on effective management, community support and protection against vandalism.
Belema traditional leadership says a purported power of attorney authorising Ekulama Flame Nigeria Ltd. to represent the community is invalid.
The community says its recognised traditional leadership structures did not participate in or approve the document allegedly executed on June 16.
The traditional ruler has warned companies, government agencies and contractors against dealing with unauthorised representatives on community matters.
Main Story
The traditional leadership of Belema Community in Akuku-Toru Local Government Area of Rivers has rejected a purported power of attorney allegedly authorising Ekulama Flame Nigeria Ltd. to represent the community.
The Amanyanobo of Belema, Dr Anyanate Kio, disclosed this at a news conference in Port Harcourt on Thursday.
Kio read a communique endorsed by the Council of Chiefs, secretary, women leaders and members of the Community Development Committee, stating that the document did not have the backing of the community’s recognised leadership.
He said the power of attorney was allegedly executed on June 16 by Chief Kruma Eleki and Chief Wapakabuere Egbelekro.
According to Kio, the traditional ruler, accredited Council of Chiefs and other recognised leadership structures were not involved in the process and did not give their consent or authorisation.
He described the purported power of attorney as invalid, saying it could not confer authority over Belema’s lands, territories, resources, rights, interests or leadership structures.
Kio also disputed the document’s description of the location of two facilities in the community, saying Belema Flow Station and Belema Gas Station were situated within Oil Mining Lease (OML) 25 and not OML 55 as allegedly stated by the purported donors.
He said OML 25 was responsible for petroleum exploration, production and storage but had no authority over Belema’s traditional governance, ownership or administrative structure.
Kio maintained that authority over the community’s affairs remained with its traditional leadership and accredited representatives and could not be transferred to a third party without the community’s consent.
He said provisions in the disputed power of attorney purporting to authorise Ekulama Flame Nigeria Ltd. to negotiate or receive royalties, compensation, employment opportunities or community development benefits were invalid.
The traditional ruler warned that any agreement, payment, compensation, Memorandum of Understanding, Community Development Agreement, royalty arrangement or other transaction based on the disputed document would be challenged through lawful means.
He urged oil and gas companies, government agencies, contractors and other stakeholders to conduct business concerning Belema and its satellite settlements through the community’s lawful traditional leadership or authorised representatives.
Kio said Belema had a duly installed traditional ruler who had completed the required traditional processes and whose position had not been legally challenged.
He cautioned individuals and organisations against relying on social media or public announcements to determine the traditional ownership or leadership of the community.
Kio said the community had consequently placed Renaissance Africa Energy Company, Nucros Exploration and Production, Belema Oil Producing, Donor Spectra, government agencies and contractors on notice.
He added that the community had also notified the Rivers Commissioner for Chieftaincy and Community Affairs, Commissioner of Police, Director of the Department of State Services and the Nigerian Armed Forces of its position.
The Issues
The central issue raised by the community is whether the purported power of attorney was authorised by Belema’s recognised traditional and community leadership.
The community’s position is that authority over its lands, resources, rights, interests and leadership structures cannot be transferred to a third party without its consent.
Kio has also disputed the document’s reference to OML 55, maintaining that Belema Flow Station and Belema Gas Station are located within OML 25.
What’s Being Said
“The purported power of attorney is invalid and cannot confer authority over Belema’s lands, territories, resources, rights, interests or leadership structures.” — Anyanate Kio
“OML 25 is responsible for petroleum exploration, production and storage but has no authority over Belema’s traditional governance, ownership or administrative structure.” — Anyanate Kio
“The community’s traditional leadership and accredited representatives retain authority over its affairs.” — Anyanate Kio
“Belema community has a duly installed traditional ruler who has fulfilled the required traditional processes and whose position has not been legally challenged.” — Anyanate Kio
“Consequently, individuals and organisations are cautioned against using social media or public announcements to determine the traditional ownership or leadership of the community.” — Anyanate Kio
What’s Next
According to Kio, any agreement, payment, compensation, Memorandum of Understanding, Community Development Agreement, royalty arrangement or other transaction based on the disputed power of attorney would be challenged through lawful means.
The community has also notified relevant government and security authorities, as well as companies and contractors, of its position.
Bottom Line
Belema’s traditional leadership disputes the authority of the purported power of attorney and says dealings concerning the community should be conducted through its lawful traditional leadership or authorised representatives.
Abiante says oil exploration and production can only resume in Ogoniland after genuine reconciliation and environmental remediation.
He calls for measurable progress in the UNEP-recommended environmental remediation programme and wider community participation.
The lawmaker urges stakeholders to ensure future oil activities provide tangible and sustainable benefits to host communities.
Main Story
A member of the House of Representatives, Dr Awaji-Inombek Abiante, has said the proposed return of oil exploration and production to Ogoniland should be preceded by genuine reconciliation and environmental remediation.
Abiante, who represents Andoni/Opobo/Nkoro Federal Constituency of Rivers, made the position known in a statement issued on Thursday in Port Harcourt on the proposed resumption of oil activities in the area.
He acknowledged the importance of economic growth and energy security but said these objectives should not undermine the rights, health, dignity and future of the Ogoni people.
“My position is clear: any proposed resumption of oil exploration or production in Ogoniland must be preceded by genuine reconciliation, environmental responsibility, transparency and meaningful agreement with the people,” he said.
The lawmaker said grievances dating from the history of oil activities in Ogoniland, including those reflected in the Ogoni Bill of Rights, needed to be addressed before new production could commence.
He urged the Federal Government and companies involved in the proposed process to engage affected communities openly and respectfully, saying political agreements alone could not provide the basis for lasting peace.
Abiante also called for significant and measurable progress in the environmental remediation programme recommended by the United Nations Environment Programme (UNEP).
He said environmental restoration should include the provision of clean water, rehabilitation of farmlands and waterways, restoration of mangroves and protection of public health before new extraction activities begin.
“The people of Ogoniland cannot be asked to accept new oil production while the environment consequences of past production remain unresolved,” he said.
The lawmaker further called for greater transparency and broader participation in discussions over the proposed resumption of oil activities.
He said representatives of host communities, traditional institutions, youths, women, civil society organisations and other relevant stakeholders should have a role in the process.
“No agreement reached behind closed doors can substitute for genuine grassroots consent,” he said.
Abiante said any framework for future oil production should provide host communities with tangible and sustainable benefits from the resources extracted from their land.
He proposed investments in healthcare, education, infrastructure, environmental protection and local enterprises, as well as sustainable employment opportunities for youths in the region.
He said Ogoniland and the wider Rivers South East Senatorial District should have a future that moves beyond environmental degradation and resource exploitation.
“Our people deserve clean air, safe drinking water, productive farmland, healthy waterways, decent infrastructure and genuine economic opportunity,” he said.
Abiante urged the Federal Government, Office of the National Security Adviser, regulatory agencies, NNPC Limited, prospective operators and other stakeholders to approach the process cautiously and transparently.
He said the ongoing dialogue could provide an opportunity to address past failures and build a new relationship based on trust, justice and shared prosperity.
“Ogoniland must not be asked to choose between development and dignity. We can and must have both,” he said.
The Issues
The proposed resumption of oil activities in Ogoniland raises issues around historical grievances, environmental remediation and community participation.
Abiante said the environmental consequences of past oil production must be addressed, while host communities should be involved in discussions on any future oil activities.
He also called for future oil production to provide tangible and sustainable benefits to host communities through investments in healthcare, education, infrastructure, environmental protection, local enterprises and employment opportunities for youths.
What’s Being Said
“My position is clear: any proposed resumption of oil exploration or production in Ogoniland must be preceded by genuine reconciliation, environmental responsibility, transparency and meaningful agreement with the people,” — Awaji-Inombek Abiante
“Clean water, restored farmlands, rehabilitated waterways, mangrove restoration and public health protection must be prioritised before new extraction activities.” — Awaji-Inombek Abiante
“The people of Ogoniland cannot be asked to accept new oil production while the environment consequences of past production remain unresolved,” — Awaji-Inombek Abiante
“No agreement reached behind closed doors can substitute for genuine grassroots consent,” — Awaji-Inombek Abiante
“Ogoniland must not be asked to choose between development and dignity. We can and must have both,” — Awaji-Inombek Abiante
What’s Next
The ongoing dialogue on the proposed resumption of oil activities provides an opportunity for the Federal Government, corporate actors, communities and other stakeholders to address past grievances and establish a new relationship based on trust, justice and shared prosperity.
Bottom Line
Abiante says the resumption of oil exploration and production in Ogoniland should be preceded by reconciliation, environmental remediation, transparency and meaningful community participation, with future oil activities providing tangible and sustainable benefits to host communities.
NDDC says it will support tourism development to diversify the Niger Delta economy beyond oil and gas.
The commission will support a three-year programme aimed at developing Bonny Kingdom as a globally competitive tourism destination.
Stakeholders say private-sector investment will be important to making the tourism industry commercially viable.
Main Story
The Niger Delta Development Commission (NDDC) says it will support tourism development in the region as part of efforts to diversify the economy and reduce dependence on oil and gas.
The commission’s Managing Director, Dr Samuel Ogbuku, disclosed this in a statement issued by its Director of Corporate Affairs, Mrs Seledi Thompson-Wakama, and made available to newsmen in Port Harcourt on Thursday.
Ogbuku spoke at the Bonny Island Tourism and Investment Summit, organised by the Bonny Chamber of Commerce, Industry, Mines and Agriculture (BCCIMA).
The summit, themed “Bonny Island: Transforming into a Premier Global Destination”, focused on developing tourism as a new economic pillar for Bonny Kingdom.
Represented by the Director of Commercial and Industrial Development, Mrs Lyna Okara, Ogbuku said the “Discover Bonny and Orange Economy” initiative would support economic transformation in the kingdom and the wider Niger Delta.
He said the NDDC would support the three-year strategic programme aimed at transforming Bonny Kingdom and the Niger Delta into a globally competitive tourism destination.
According to him, the initiative would create opportunities for enterprise development and investment while supporting sustainable economic activity in Bonny and the wider region.
Ogbuku said tourism extended beyond the hospitality industry, with implications for sectors including security, communication, finance, education and healthcare.
He commended BCCIMA for mobilising capital, supporting innovation and creating opportunities for entrepreneurs and emerging businesses in Bonny and the Niger Delta.
The NDDC boss said the commission remained committed to sustainable development, economic empowerment, infrastructure and human capital development across the region.
He added that the commission would continue working with economic development institutions and private investors to empower youths, support start-ups and create new economic opportunities.
The Director-General of the Nigerian Tourism Development Authority, Dr Olayiwola Awakan, said Bonny Island had numerous tourism attractions that were yet to be fully developed.
Awakan said private-sector participation was essential to ensuring that Bonny’s tourism economy remained commercially viable rather than depending solely on government funding.
The President of BCCIMA, Dr Constance Nwokejiobi, said the Orange Economy initiative would complement Bonny’s traditional oil and gas economy with a sustainable tourism industry.
Nwokejiobi said the initiative would leverage the kingdom’s cultural heritage, historical sites, natural attractions and hospitality potential to attract tourists and investors.
She said the plans included establishing a Tourism Concierge Platform, an investor partnership framework and a privately driven Tourism Centre.
The traditional ruler of Grand Bonny Kingdom, King Edward Pepple III, said Bonny had a proud history and remained endowed with oil and gas resources.
Pepple said tourism could provide a second, more sustainable economic pillar for the kingdom while creating opportunities for residents.
He also said Bonny’s existing oil and gas investments had contributed significantly to Nigeria’s economy.
The Issues
Bonny’s economy has traditionally been associated with oil and gas, while stakeholders are now seeking to develop tourism and other activities as additional sources of economic growth.
The proposed tourism programme is intended to build on Bonny’s cultural heritage, historical sites and natural attractions while creating opportunities for businesses and investors.
What’s Being Said
“This initiative would promote enterprise development, attract investment and create sustainable economic opportunities for both people of Bonny and the Niger Delta,” — Samuel Ogbuku
“For decades, when the world thought of Bonny, it thought of what was under the water, not what was on top of it. Oil and gas built roads, schools and jetties that still put food on tables. Today, Bonny is finding a new path through tourism,” — Samuel Ogbuku
“Tourism is Nigeria’s Orange Economy, a creative and service-driven growth engine, capable of diversifying and expanding our national Gross Domestic Product beyond oil and gas,” — Constance Nwokejiobi
What’s Next
The NDDC will support the three-year strategic programme, while BCCIMA and other stakeholders pursue investment and tourism development initiatives in Bonny.
Private-sector participation is expected to play an important role in developing tourism infrastructure and ensuring the sector becomes commercially sustainable.
Bottom Line
The NDDC plans to support tourism development in Bonny and the wider Niger Delta as an additional economic pillar, with stakeholders seeking to attract investment and create opportunities beyond oil and gas.
Borno has secured about €61 million for peacebuilding and recovery programmes over the next two years.
Germany has contributed about €10 million to the new basket fund, with further contributions expected from other partners.
The funding framework brings government, the UN and development partners together to coordinate recovery efforts.
Main Story
Borno State has secured about €61 million from the United Nations and development partners for a new phase of peacebuilding and recovery programmes in the state.
Gov. Babagana Zulum disclosed this on Thursday in Maiduguri while briefing journalists after the fourth UN Offer Board and Peacebuilding Fund Steering Committee meeting.
Zulum said the new phase followed the completion of the first phase of the UN Offer Programme, which supported peacebuilding activities across Borno.
He said the new programme would run for two years and would receive funding through a basket fund supported by the state government and development partners.
According to Zulum, Germany had already contributed about €10 million to the fund, while the United Kingdom, Switzerland and other development partners were expected to provide additional funding.
He also said the Borno Government would contribute to the fund to demonstrate ownership and support effective implementation of the programme.
The governor commended the UN Resident Coordinator, the Federal Ministry of Budget and Economic Planning, the UN Development Programme (UNDP) and other development partners for their continued support for peacebuilding, recovery and reconstruction in the state.
The Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu, described Borno’s multi-partner coordination framework as a model that could be replicated in other parts of Nigeria and countries facing similar humanitarian and development challenges.
Bagudu said the framework provided a unified funding mechanism and common understanding among the government, the UN and development partners.
He said the arrangement would support a coordinated and sustainable response to Borno’s post-insurgency recovery needs.
Germany’s Chargé d’Affaires to Nigeria, Johannes Lehne, said Germany would commit another €10 million to the programme.
Lehne expressed optimism that the intervention, under the leadership of the Borno and Federal Governments, would promote peace and prosperity.
The UN Resident and Humanitarian Coordinator, Mohammed Fall, said coordinated action and strong leadership remained important to addressing Borno’s challenges and those confronting the wider region.
He commended Zulum and Bagudu for their commitment to the peacebuilding initiative and its objectives.
The Issues
Borno continues to face significant recovery and reconstruction needs following years of insurgency and the humanitarian and development challenges associated with the conflict.
The new funding framework is designed to improve coordination among the state and Federal Governments, the UN and development partners while supporting longer-term peacebuilding and recovery.
What’s Being Said
“Another new phase of the UN Offer has also been launched, amounting to about 61 million Euros, which should be spent within the next two years.” — Babagana Zulum
“The governor said the Borno Government would also contribute to the basket fund to demonstrate ownership and support effective implementation of the programme.” — Babagana Zulum
What’s Next
The new phase of the UN Offer Programme will run for two years, with Germany, the United Kingdom, Switzerland and other development partners expected to contribute to the basket fund alongside the Borno Government.
The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange,the official forex trading portal, showed that the naira closed at 1351 per $1 on Friday, August 21st 2026. The naira traded as high as 1347 to the dollar at the investors and exporters (I&E) window on Thursday. This is brought to you by Bizwatch Nigeria.
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1415 and buy at ₦1405 on Thursday 20th August, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Selling Rate
₦1415
Buying Rate
₦1405
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN)
CBN Rate Today
Highest Rate
₦1351
Lowest Rate
₦1347
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
NSCDC Mining Marshals will intensify efforts to dismantle illegal mining operations and disrupt illicit financial flows.
Commander John Onoja identifies alleged collusion by compromised officials as a major challenge.
DECAN pledges stronger media engagement to support the fight against illegal mining.
Main Story
The Mining Marshals of the Nigeria Security and Civil Defence Corps (NSCDC) are set to intensify operations against illegal mining activities and disrupt illicit financial flows that may be supporting banditry, kidnapping and terrorism.
The Commander of the Mining Marshals, John Onoja, disclosed this in Abuja when members of the Defence Correspondents Association of Nigeria (DECAN), led by its President, Odita Sunday, paid him a courtesy visit.
Onoja said the Mining Marshals would remain committed to enforcing mining laws and addressing illegal activities in a sector that has increasingly acquired security implications.
He said illegal mining was not only an economic and environmental problem but could also provide funding for criminal and terrorist groups.
The commander said tackling the financial resources available to criminal groups was therefore an important part of the security response.
He said the Mining Marshals had adopted intelligence-led operations involving the identification, arrest, investigation and prosecution of offenders.
Onoja said the unit would maintain its presence in mining communities as part of its deterrence strategy, although manpower and logistics remained challenges.
He urged the media, particularly defence correspondents, to support the campaign through accurate and sustained reporting on illegal mining and its security implications.
The commander also identified alleged collusion between compromised officials and illegal miners as a major obstacle to efforts to sanitise the sector.
He alleged that some compromised officials had resorted to blackmail and petitions against the Mining Marshals in an attempt to frustrate their operations.
Onoja said the campaign against illegal mining needed to be deliberate and enforced without bias.
Earlier, DECAN President Odita Sunday said the association recognised the economic and security implications of illegal mining and commended the Federal Government and NSCDC for establishing the Mining Marshals.
He said illegal mining threatened the environment and national revenue while increasingly posing a national security concern.
Odita pledged that DECAN would give appropriate attention to the activities of the Mining Marshals while ensuring that its reports did not compromise operational security or personnel safety.
He also called for stronger professional engagement between DECAN and the Mining Marshals through regular briefings, field visits and other activities.
The DECAN president said access to timely and verified information was important for countering misinformation and helping Nigerians understand the risks associated with illegal mining.
The Issues
Illegal mining has economic and environmental consequences, but the security dimension has become increasingly important because proceeds from such activities could provide funding for criminal and terrorist groups.
The effectiveness of enforcement is also affected by alleged collusion between illegal miners and compromised officials, as well as manpower and logistics constraints facing the Mining Marshals.
What’s Being Said
“It is not necessarily about picking up weapons and fighting bandits or kidnappers. We must ask: how do the people in those forests feed? How do they get money?” — John Onoja
“We want to make criminality less lucrative. You can only make it less lucrative if the illicit flow of finances to terrorist groups is disrupted.” — John Onoja
“I do not take your role for granted. The sanitised mining sector of our dream will be achieved through collaboration, and the major stakeholder in that collaboration is the media.” — John Onoja
“The major bottleneck we face today is not necessarily the number of illegal miners out there, but the number of compromised officials of institutions and agencies that are supposed to be partners in the fight against illegal mining.” — John Onoja
“That is corruption fighting back.” — John Onoja
What’s Next
The Mining Marshals will maintain operations across mining communities as they continue to identify, arrest, investigate and prosecute offenders while working to disrupt illicit financial flows linked to criminal activities.
DECAN is also expected to strengthen its engagement with the Mining Marshals through briefings, field visits and other activities while ensuring that reporting does not compromise operational security or personnel safety.
Bottom Line
The NSCDC Mining Marshals are intensifying efforts to tackle illegal mining and disrupt financial flows that may support criminal and terrorist groups, with alleged official collusion and limited resources identified as major challenges.
Don Jazzy praised Ayra Starr for the impact she has had on his life.
The Mavin boss recalled discovering her through an Instagram freestyle.
Ayra Starr released her third album, Starrgirl, on Aug. 14.
Main Story
Nigerian music executive and record producer Michael Ajereh, popularly known as Don Jazzy, has credited Afrobeats singer Sarah Aderibigbe, known professionally as Ayra Starr, with having a major impact on his life.
Don Jazzy made the remark on X while responding to a fan who praised his contribution to Ayra Starr’s career.
The Mavin Records boss said discovering the singer through one of her social media freestyles had also changed his own life.
He recalled the moment he first encountered her performance online and expressed his appreciation for the journey they had taken since then.
The music executive wrote that Ayra Starr had been “nothing but a dream Starrgirl” since joining his record label.
Don Jazzy discovered Ayra Starr through her social media freestyles before signing her to Mavin Records, where she went on to establish herself as one of Nigeria’s prominent Afrobeats artistes.
Ayra Starr released her third studio album, Starrgirl, on Aug. 14.
The 16-track project includes collaborations with Nigerian artistes Wizkid and Rema, as well as international artistes ZAYN, Leon Thomas, kwn, Theodora and Danny Ocean.
Wizkid features on “Gimme Dat”, while Rema appears on “Who’s Dat Girl”.
The Issues
Ayra Starr’s career has grown significantly since she was discovered through social media, with her music reaching audiences beyond Nigeria.
Her progression also highlights the role of record labels and talent discovery in developing emerging artistes into internationally recognised performers.
What’s Being Said
“She has most definitely changed my own life too. I bless the day I was shown her Instagram freestyle o. And she has been nothing but a dream Starrgirl.” — Don Jazzy
What’s Next
Ayra Starr’s latest album will continue to build on her growing international profile, with its collaborations bringing together Nigerian and global artistes.
Bottom Line
Don Jazzy says Ayra Starr has also transformed his life, recalling how her Instagram freestyle led to her discovery and eventual signing to Mavin Records.
Nigerian Army troops repelled an attempted attack by Lakurawa terrorists in Gudu LGA.
The attackers reportedly attempted to abduct residents and rustle livestock.
Troops recovered the animals and pushed the attackers towards the Nigeria-Niger border.
Main Story
Troops of the 8 Division Garrison of the Nigerian Army have prevented an attempted attack by the Lakurawa terrorist group on Bachaka, a border community in Gudu Local Government Area of Sokoto State.
A credible military source told the News Agency of Nigeria (NAN) on Friday that troops operating from the Forward Operations Base (FOB) Bachaka engaged the attackers after they attempted to enter the community.
The source said the terrorists were attempting to kidnap residents and steal livestock when troops moved to confront them.
According to the source, the confrontation led to an exchange of gunfire, forcing the attackers to withdraw and abandon the livestock they had taken.
The troops subsequently recovered the animals and moved the terrorists back towards Makera village along the Nigeria-Niger border.
The source said the recovered livestock were handed over to a community leader, Alhaji Aminu Bachaka, for further action.
He credited the troops’ rapid response and continued surveillance with preventing casualties and damage to property in the community.
The source also praised residents for providing timely information to the security forces and urged them to maintain the cooperation.
He said the military had introduced proactive measures aimed at protecting residents and their property, particularly in vulnerable farming communities.
The Issues
Bachaka’s location along the Nigeria-Niger border exposes the community to security risks involving armed groups operating across the border region.
The attempted attack also highlights the continuing threat posed by kidnapping and livestock theft to residents of farming communities.
What’s Being Said
The military source commended the troops for their response, describing their action as swift and professional.
He also urged residents to remain vigilant and continue providing security agencies with information about suspicious activities.
What’s Next
Security personnel are expected to maintain surveillance around Bachaka and other vulnerable communities in the area.
Residents have also been encouraged to remain alert and continue cooperating with security forces.
Bottom Line
Nigerian Army troops stopped an attempted Lakurawa attack on Bachaka after engaging the attackers and forcing them to abandon livestock reportedly taken from the community.
Morgan Rogers became the most expensive British player in history after joining Chelsea from Aston Villa for £117m — eclipsing the previous record of £116m set by Elliot Anderson just weeks earlier
Premier League clubs have collectively committed more than £2.14 billion this summer, with Chelsea (£348m), Tottenham (£228m), Arsenal (£151m) and Manchester City (£151m) leading the spending
Ivory Coast teenager Yan Diomandé joined Real Madrid for up to £120m from RB Leipzig, making him the most expensive African footballer in history
The window — which opened on June 15 — remains open until September 1, 2026 at 11pm BST, and further major moves are still in active negotiation
This transfer window has already surpassed 2025 at every level: the top five confirmed deals alone — Rogers, Anderson, Diomandé, Tonali and Fernandes — total more than £580m
THE STORY
The 2026 summer transfer window has rewritten the record books at a pace that has left even hardened football economists scrambling. From the moment the window opened on June 15, just days after the 2026 FIFA World Cup concluded in the United States, the elite clubs of European football have been moving at extraordinary speed — and extraordinary cost.
Chelsea shattered the record for the most expensive British player not once but effectively twice in the same summer: Manchester City set a benchmark of £116m for Elliot Anderson, only for Chelsea to surpass it within weeks by paying £117m to Aston Villa for Morgan Rogers. Across the continent, Real Madrid’s £115.7m acquisition of 19-year-old Ivory Coast winger Yan Diomandé has simultaneously rewritten the record for the most expensive African footballer in history.
By the morning of August 20, 2026 — with 12 days still remaining in the window — Premier League clubs alone had committed more than £2.14 billion in gross transfer fees, according to figures compiled by The Guardian and corroborated by Sky Sports. Chelsea are leading all clubs in European football with commitments of £348m, ahead of Tottenham Hotspur at £228m. Arsenal and Manchester City have each invested £151m.
The business of this window is not confined to a single club or a single country. It has swept across the continent, with Newcastle United gutted of Bruno Guimarães, Sandro Tonali and Anthony Gordon in a single summer that will reshape the Premier League title conversation. Tottenham Hotspur, in just six weeks, have made arguably the most aggressive statement of ambition in their modern history.
2026 SUMMER TRANSFER WINDOW — 20 BIGGEST COMPLETED DEALS
Source: Football365, Sky Sports, Fabrizio Romano, David Ornstein, club announcements | As of August 20, 2026
#
Player
From
To
Reported Fee
1
Morgan Rogers
Aston Villa
Chelsea
£117m
2
Elliot Anderson
Nottingham Forest
Manchester City
£116m
3
Yan Diomandé
RB Leipzig
Real Madrid
£115.7m (€125m + add-ons)
4
Sandro Tonali
Newcastle United
Tottenham Hotspur
£92.5m + £7.5m add-ons
5
Mateus Fernandes
West Ham United
Tottenham Hotspur
£85m
6
Bruno Guimarães
Newcastle United
Arsenal
£75m
7
Anthony Gordon
Newcastle United
Barcelona
£68.8m
8
Maxence Lacroix
Crystal Palace
Chelsea
£52.2m
9
Johan Manzambi
Freiburg
Aston Villa
£51.6m
10
Jan Paul van Hecke
Brighton
Tottenham Hotspur
£51.6m
11
Marco Palestra
Atalanta
Chelsea
£49m
12
Andrey Santos
Chelsea
Manchester United
~£48–50m
13
Maghnes Akliouche
Monaco
PSG
€50m (~£43m)
14
James Trafford
Manchester City
Leeds United
£40.2m
15
Piero Hincapié
Bayer Leverkusen
Arsenal
£34.5m
16
Gonzalo García
Real Madrid
Fulham
£34.4m
17
Christos Tzolis
Club Brugge
Arsenal
£34m
18
Ousmane Diomande
Sporting CP
Nottingham Forest
£34.4m
19
Trevoh Chalobah
Chelsea
Como
£25.8m
20
Shea Charles
Southampton
Fulham
£26.1m
THE DEALS — RANKED
1. Morgan Rogers — Aston Villa to Chelsea | £117m
This is the transfer that has defined the summer. Rogers, 23, arrived at Stamford Bridge as the most expensive British footballer in the history of the game, surpassing by £1m the fee paid by Manchester City for Elliot Anderson just weeks earlier.
The England midfielder, who played every minute of England’s run to the 2026 World Cup bronze-medal match, was pursued by Arsenal, who were eventually unwilling to match Villa’s asking price. It was Chelsea’s new manager Xabi Alonso — appointed on a four-year deal after leaving Bayer Leverkusen — who proved decisive. According to The Athletic, Alonso phoned Rogers personally on July 17, and personal terms were agreed the same day.
“I’m so excited. For me, Chelsea are the biggest club in London and a club I’ve always admired since I was a kid. I’m really excited about the project with the new manager, the players we’ve got and where the club is heading.”— Morgan Rogers, upon signing for Chelsea
Alonso, speaking from Chelsea’s pre-season tour of Australia, confirmed he was ready to build around Rogers alongside Cole Palmer.
“Morgan Rogers was a great signing. He will link really well with Cole Palmer. I am delighted to have him and I’m sure he will have an almost instant impact.”— Xabi Alonso, Chelsea Manager
2. Elliot Anderson — Nottingham Forest to Manchester City | £116m
Anderson’s move to the Etihad Stadium was confirmed on July 23 and, for a period of roughly two weeks, made him the most expensive British footballer in history. It was also the first major signing of the new Manchester City era — the post-Pep Guardiola era — under incoming manager Enzo Maresca, himself arriving from Chelsea.
Anderson, 23, had flourished at Nottingham Forest after joining from Newcastle in 2024. He played every Premier League game for Forest last season, making 37 starts, scoring four goals and recording four assists. At the 2026 World Cup, he was a cornerstone of England’s run to third place alongside Declan Rice, leading the squad in duels won, recoveries and successful tackles.
“City are one of the biggest clubs in the world and the squad they have is amazing. As soon as I knew they wanted me, I was absolutely determined to make this move happen. As a footballer, you want to test yourself at the highest level.”— Elliot Anderson, upon joining Manchester City
Manchester City director of football Hugo Viana described Anderson as one of the outstanding young midfield talents in the world.
“Elliot is one of the outstanding young midfield talents in world football right now. He offers energy, outstanding work rate and an exceptional range of passing. At just 23, there is plenty of opportunity for development and we feel he can become a complete midfielder.”— Hugo Viana, Manchester City Director of Football
3. Yan Diomandé — RB Leipzig to Real Madrid | £115.7m (€125m base)
Real Madrid’s signing of Diomandé, confirmed on August 6, has been the window’s most historic transfer for African football. The 19-year-old Ivory Coast winger, who joined Leipzig barely 16 months ago by activating a €20m release clause from Leganés in Spain, has signed a seven-year deal with Los Blancos that will keep him at the club until June 2033.
The fixed fee of €125m (approximately £115.7m) — with a further €15m in achievable add-ons taking the potential package to £120m — surpasses the record previously held by compatriot Nicolas Pépé, who joined Arsenal from Lille in 2019 for €80m. It also represents the single most expensive purchase in Real Madrid’s history, surpassing even the £88.5m paid for Jude Bellingham in 2023.
Paris Saint-Germain had been in advanced negotiations for Diomandé before ultimately withdrawing. Liverpool also expressed serious interest but were unwilling to match Leipzig’s demands. Real Madrid, under manager José Mourinho, moved decisively after Diomandé impressed at the World Cup, where he became the youngest player in Ivory Coast history to start a tournament match at just 19 years and 212 days.
“On behalf of Roc Nation Sports International, we want to extend our congratulations to Yan on completing this historic move to Real Madrid. This is your moment, and we are so proud of your incredible journey on and off the pitch. You are an inspiration to so many people back home and around the world.”— Michael Yormark, President, Roc Nation Sports International
4. Sandro Tonali — Newcastle United to Tottenham Hotspur | £92.5m + add-ons
Tonali’s move to Tottenham was confirmed on July 6 and represents a club-record acquisition for Spurs. The initial fee of £92.5m could rise to £100m with achievable add-ons. The Italian midfielder, 26, had been at Newcastle since 2023 after his blockbuster move from AC Milan, serving a 10-month betting ban before returning to become one of the most sought-after midfielders in Europe.
Arsenal had been the first to make an approach for Tonali during the January window, though Newcastle made clear then that no January sale would be sanctioned. When the summer window opened, Tottenham moved faster and with greater financial conviction than their north London rivals, who ultimately redirected their midfield resources toward Bruno Guimarães.
The signing is among the most significant in Tottenham’s history. No non-Champions League club has spent at this level in recent Premier League transfer history.
5. Mateus Fernandes — West Ham United to Tottenham Hotspur | £85m
Within days of completing the Tonali deal, Tottenham returned to the market with another major midfield investment. Fernandes, the Portuguese international, joined from West Ham for £85m — a fee that would rank among the biggest in Spurs history in any other summer. Together, Tonali and Fernandes represent a midfield outlay of more than £177m in a single window.
Football365’s roundup of the summer’s biggest deals placed Tottenham as the window’s most aggressive single-club spender, with £229.5m committed — a figure that reflects not just the cost of the two midfielders but also the addition of Jan Paul van Hecke and others.
6. Bruno Guimarães — Newcastle United to Arsenal | £75m
The departure of Guimarães from St James’ Park was one of the most debated pieces of business in the window. Arsenal, the defending Premier League champions, paid £75m for the Brazil international, completing a deal that David Ornstein of The Athletic confirmed after earlier rejections of a verbal approach below £60m.
Arsenal manager Mikel Arteta was particularly effusive about the acquisition, viewing Guimarães as the final piece in a midfield capable of competing at the very highest level.
“I think he describes himself as a warrior. He’s a warrior with tremendous quality, intuition, leadership and charisma that is going to help us. It is going to really ignite something different in the team.”— Mikel Arteta, Arsenal Manager
Notably, Arsenal had initially explored signing Sandro Tonali before being deterred by the £100m asking price. Paul Scholes, speaking on The Good, The Bad & The Football podcast, declared Guimarães the better piece of business.
“I think Bruno Guimarães will make Arsenal a better football team.”— Paul Scholes, former Manchester United midfielder
7. Anthony Gordon — Newcastle United to Barcelona | £68.8m
Newcastle have been one of the biggest sellers of the summer, and the loss of Anthony Gordon to Barcelona for £68.8m completes what amounts to a dismantling of their first-choice midfield and attacking spine. The England winger, who had been one of the Premier League’s standout performers, joins Gordon Ramsay, Tonali and Guimarães in departing St James’ Park this summer.
Barcelona’s acquisition of Gordon, together with the arrivals of Rodri from Manchester City and others, signals a significant reinvestment drive at the Catalan club.
8. Maxence Lacroix — Crystal Palace to Chelsea | £52.2m
Chelsea’s defensive recruitment has been among the most active in the window. Lacroix, 26, arrived from Crystal Palace for £52.2m as Xabi Alonso moved to address a defensive unit he felt needed strengthening. The French centre-back, who also attracted interest from Real Madrid, represents a shift in Chelsea’s recruitment profile — he is the oldest signing made by the club’s hierarchy since 2022.
9. Johan Manzambi — Freiburg to Aston Villa | £51.6m
Aston Villa’s summer has not only been defined by selling Rogers. The club have reinvested significantly in their squad, with Manzambi arriving from Freiburg for a reported £51.6m — a figure that could rise to £59.5m with add-ons. The attacking midfielder has been one of the Bundesliga’s most dynamic performers and forms part of Villa’s ambition to remain competitive in the Premier League and European football.
10. Jan Paul van Hecke — Brighton to Tottenham Hotspur | £51.6m
Brighton have again proved their ability to sell assets at premium value while replacing them at a fraction of the cost. Van Hecke joined Tottenham for £51.6m as Spurs bolstered a defence that has historically been one of their weaker areas. In a symmetrical piece of business, Brighton subsequently signed Luka Vušković from Tottenham for £46m.
11–20: The Next Tier of Major Deals
The remaining transfers on this list are no less significant in the broader market context. Marco Palestra joined Chelsea from Atalanta for £49m as part of the Blues’ extraordinary squad rebuild. Andrey Santos returned to his homeland — Manchester United — from Chelsea in a deal worth approximately £48–50m, signalling a tactical shift in the Red Devils’ midfield. Maghnes Akliouche’s move from Monaco to PSG for €50m represents one of France’s most notable domestic business deals of the summer.
James Trafford’s £40.2m move from Manchester City to Leeds United makes him one of the most expensive goalkeepers in the history of English football. Arsenal have continued strengthening throughout the window, adding Piero Hincapié (£34.5m, Bayer Leverkusen) and Christos Tzolis (£34m, Club Brugge) to a squad already bolstered by Guimarães. Nottingham Forest, meanwhile, have reinvested a portion of the Elliot Anderson windfall into Ousmane Diomande from Sporting CP for £34.4m — a deal that strengthens their defensive options for the campaign ahead.
THE ISSUES
The Premier League’s Structural Dominance
The 2026 summer window has crystallised a structural reality that European football’s governing bodies have long debated: the Premier League’s revenue advantage is now so significant that its clubs can outspend their Continental rivals on a sustained basis, not just in isolated cases.
Of the 20 biggest completed transfers in the summer of 2026, 14 involve Premier League clubs either as buyers or sellers. English clubs have committed more than £2.14 billion in gross transfer fees — and the window still has 12 days to run as of this writing. Eight of the 12 most expensive Premier League signings this summer have involved domestic deals, reflecting a growing pattern of wealth redistribution within the same league.
The transfer fee records of multiple clubs have been broken simultaneously. Chelsea, Tottenham and Manchester City have all surpassed their own records in a single window. Beyond the Big Six, Aston Villa, Brentford, Brighton and Leeds United have also set new records.
Newcastle United’s Summer of Dispossession
Perhaps no club illustrates the structural tensions of the modern transfer market more vividly than Newcastle United. In the course of a single summer, they have sold Elliot Anderson (£116m, Manchester City), Sandro Tonali (£92.5m, Tottenham), Bruno Guimarães (£75m, Arsenal) and Anthony Gordon (£68.8m, Barcelona) — a combined outflow of more than £350m. Their net spend for the window has shown a profit of more than £88m.
The irony is profound. Newcastle, backed by Saudi Arabia’s Public Investment Fund, were once projected to become the Premier League’s dominant financial force. Instead, they have in one window become Europe’s primary talent exporter. Whether the club can rebuild — and retain its best players in future windows — represents one of English football’s most compelling unresolved questions.
WHAT’S BEING SAID
The scale of the 2026 summer window has prompted wide-ranging commentary from analysts, managers and football economists across the sport.
“Chelsea have barely finished their Chelsea things even when they have no Champions League football. The spending at the very top of the Premier League is now at a level that makes it structurally inaccessible to virtually any other European league.”— Football365, in their summary of the window’s biggest 20 deals, published August 20, 2026
Yahoo Sports’ reporting on the net spend picture across all 20 Premier League clubs noted a striking pattern: almost £785m has been spent on players moving between English top-flight clubs, with the Big Six alone spending £546.5m on players from rival Premier League sides in the summer alone.
Transfer reporters Fabrizio Romano and David Ornstein — whose ‘Here We Go’ and confirmed deal reporting remains the primary real-time authority on completed and advancing transfers — have both confirmed the major deals listed in this article. Romano in particular has flagged multiple deals still in active negotiation as of August 20, including Manchester United’s pursuit of Carlos Baleba (Brighton) and Tottenham’s advancing talks for Savinho and Omar Marmoush from Manchester City.
“I think he describes himself as a warrior — a warrior with tremendous quality and intuition and leadership and charisma that is going to help us ignite something different in the team.”— Mikel Arteta, Arsenal Manager, on Bruno Guimarães
BIG DEALS STILL BEING NEGOTIATED
With 12 days remaining before the Premier League’s September 1 deadline, several major transfer stories remain unresolved. BizWatch Nigeria lists the confirmed negotiations — these are not completed deals and should not be treated as such.
Carlos Baleba — Brighton to Manchester United (Not Yet Completed)
Manchester United have submitted an offer in the region of £60m with add-ons for Brighton midfielder Carlos Baleba. Talks are ongoing as of August 20. Fabrizio Romano has reported on developments around United’s pursuit, but no agreement has been announced and no medical has been scheduled.
Julián Álvarez — Atlético Madrid (Transfer Saga — Not Done)
Álvarez has publicly expressed a desire to leave Atlético Madrid, with Barcelona cited as his preferred destination. Atlético have repeatedly stated their intention not to sell, and Real Madrid reportedly had a significant bid rejected. The situation remains a major unresolved story as the window approaches its close.
Gabriel Martinelli — Arsenal (Not Done)
Al-Hilal have reportedly identified Martinelli as a priority target. However, Arsenal have not sanctioned any sale and the Brazilian winger remains a Gunners player as of August 20.
Curtis Jones — Liverpool to Inter Milan (Negotiations)
Inter Milan submitted a bid worth approximately €30m for Jones, with the total package potentially rising to €35m. Liverpool are reported to value the England midfielder higher, with talks ongoing. No agreement has been announced.
WHAT’S NEXT
The Premier League transfer window closes on September 1, 2026 at 11pm BST — giving clubs 12 days from today’s date to complete further business
Manchester United’s pursuit of Carlos Baleba (Brighton) is the most active major negotiation in English football as of August 20, per Fabrizio Romano
The Julián Álvarez situation at Atlético Madrid could become one of the defining sagas of deadline week, with Barcelona, Real Madrid and others remaining linked
Tottenham are reportedly advancing talks for Savinho and Omar Marmoush from Manchester City — deals that, if completed, would take Spurs’ summer outlay beyond £300m
BOTTOM LINE
The Bottom Line: The 2026 summer transfer window is not just historically expensive — it is structurally transformative. The Premier League’s financial hegemony over European football has never been more pronounced: English clubs have committed more than £2.14bn this summer, record fees have been broken across multiple clubs simultaneously, and the continent’s most decorated clubs — Real Madrid, Barcelona, PSG — are increasingly buying from the Premier League rather than competing with it. For African football, Yan Diomandé’s £115.7m move to Real Madrid represents a watershed moment: the first time an African player has commanded a nine-figure transfer fee. The window, however, is not yet closed. The next 12 days will determine whether 2026 becomes not just the most expensive summer in Premier League history — but in the history of global football.
Sources: Football365, Sky Sports, ESPN, The Athletic (David Ornstein), Fabrizio Romano, BBC Sport, Yahoo Sports, Fox Sports, Goal.com, The Guardian, club official announcements. Fees are reported base/guaranteed figures where available. Add-ons noted separately. Window snapshot as of August 20, 2026.
Federal Government signs a sub-lease agreement with Premium Steel and Mines Limited to revive Delta Steel Company
PSML commits more than $1.3 billion to raw materials, rehabilitation and modernisation of the plant
Government expects the project to restore one million tonnes of annual liquid steel production and create thousands of jobs
Main Story
The Federal Government has signed a sub-lease agreement with Premium Steel and Mines Limited (PSML) to restore and fully operationalise the former Delta Steel Company at Ovwian-Aladja, Delta State.
The agreement between the National Iron Ore Mining Company (NIOMCO), Itakpe, and PSML will support the rehabilitation of the integrated steel plant and strengthen Nigeria’s domestic steel production capacity, according to a statement from the Federal Ministry of Steel Development.
Minister of Steel Development, Shuaibu Audu, said PSML had committed more than $1.3 billion to raw materials exploration and exploitation, plant rehabilitation and modernisation.
The investment is expected to return the plant to its designed capacity of one million metric tonnes of liquid steel annually. The Federal Government also expects commercial operations to commence within 18 to 24 months, subject to sustainable iron ore supply.
Audu said the agreement would also support the reactivation of NIOMCO and the development of the Ajabanoko iron ore deposits, linking the steel plant’s revival to domestic raw-material supply.
The minister said the project is expected to create about 5,000 direct jobs and more than 20,000 indirect jobs, while supporting Nigeria’s target of producing 10 million tonnes of liquid steel annually by 2030.
The Federal Ministry of Steel Development has previously identified PSML, formerly Delta Steel Company, as a strategic asset in efforts to revitalise Nigeria’s steel industry. In May 2025, the ministry said the government was working with PSML management to facilitate the plant’s return to full commercial operation.
What’s Being Said
“The revival of Delta Steel Company is not merely about bringing an old industrial facility back to life. It is about restoring Nigeria’s capacity to produce steel locally, creating opportunities for our young people, supporting downstream industries and strengthening the foundation for sustainable industrialisation.” — Shuaibu Audu, Minister of Steel Development.
The ministry said reliable access to iron ore, dependable power, logistics and supporting infrastructure would be critical to the success of the project.
What’s Next
PSML is expected to undertake raw-material exploration and exploitation alongside rehabilitation and modernisation of the steel plant
Commercial operations are targeted within 18 to 24 months, subject to sustainable iron ore supply
The government expects the project to support the reactivation of NIOMCO and the development of the Ajabanoko iron ore deposits
Bottom Line
The Bottom Line: The agreement places raw-material supply, plant rehabilitation and infrastructure at the centre of efforts to restore Delta Steel’s integrated production capacity. If the investment and supply commitments are delivered as planned, the project could strengthen domestic steel production while reducing Nigeria’s reliance on imported steel products.
Tottenham agree an initial £75 million deal with Manchester City for Brazilian winger Savinho
Spurs could pay a further £10 million in performance-related add-ons
Savinho is expected to undergo a medical before completing his move to north London
Main Story
Tottenham Hotspur have agreed an initial £75 million deal with Manchester City to sign Brazilian winger Savinho, with a further £10 million available in potential add-ons, according to reports on Friday.
The 22-year-old is expected to undergo a medical before completing his move to Tottenham, where he is set to sign a long-term contract. The agreement follows more than a year of interest from the London club, which previously attempted to sign the winger last summer.
Savinho ultimately remained at Manchester City but struggled for regular Premier League starts last season. The proposed transfer would give Tottenham another attacking option as new manager Roberto De Zerbi continues to reshape the squad.
The deal would take Tottenham’s spending significantly higher during the current transfer window. The club have already invested heavily in the squad, including the acquisitions of midfielders Mateus Fernandes and Sandro Tonali.
Recent reporting indicates Tottenham have spent more than £200 million on first-team additions this summer, while the club have also generated substantial funds through player sales.
Manchester City, meanwhile, are undergoing their own squad reshaping, with Savinho’s departure potentially creating room for further recruitment. The transfer is expected to become one of the club’s largest outgoing deals.
The agreement also comes as Tottenham continue discussions over a possible move for Savinho’s Manchester City teammate Omar Marmoush. Spurs have also maintained an interest in Liverpool forward Cody Gakpo as they seek further attacking reinforcements.
What’s Being Said
“Tottenham Hotspur have reached an agreement in principle with Manchester City to sign 22-year-old Brazil winger Savinho for £75m plus £10m in add-ons.” — David Ornstein, football journalist, as reported in current transfer coverage.
The reported agreement is consistent with separate reporting from the Press Association that Tottenham had reached an agreement for Savinho, with the player expected to complete the formalities of the transfer.
What’s Next
Savinho is expected to complete his medical before the transfer is formally concluded
Tottenham are continuing discussions with Manchester City over a possible deal for Omar Marmoush
Spurs are also assessing further attacking options, including Liverpool’s Cody Gakpo, before the transfer window closes
Bottom Line
The Bottom Line: Tottenham’s agreement for Savinho represents another major investment under De Zerbi as the club pursue a substantial squad rebuild. The size of the deal also signals that Spurs are prepared to commit heavily to strengthening their attack ahead of the new Premier League campaign.
Tension rises between the two teams over alleged snooping, disruption and cheating during wager preparations.
Diary sessions expose growing divisions, with housemates openly criticising one another.
Ricky, Sheba, Sultex and Chimsom Chuka give contrasting views on evictions, leadership and the prize-money deduction.
Nomy receives a concession from Biggie, allowing her to leave the Bench but requiring her to fill an entire notebook by copying a sample.
Oyin returns the hidden spoons, but her actions continue to irritate some housemates.
Both teams complete their final rehearsals and preparations ahead of the Week 4 Wager presentation.
Voting remains open for Araga, Cassi, Gerard, Goddessa, Nomy, Temi Nkem, Tram and Yusuf.
Main Story
Day 25 in the Show Ya Sef House was dominated by preparations for the Week 4 Wager Task, but the pressure of getting ready for the presentation brought existing tensions between the two teams to the surface, The day began with Sheba and Tram trading accusations over the way their respective teams were preparing. Sheba accused Tram’s team of spying on and interfering with her team’s work, while Tram insisted that the opposite was happening. He specifically accused Oyin of disturbing his team in the garden.
As the hours passed, both teams focused on completing their props, costumes and performances. However, the intense preparation also exposed disagreements within the groups, The Diary Room sessions provided an even deeper look into the house dynamics. Ricky spoke emotionally about Kamsy’s eviction and Neche’s voluntary departure, while Sheba revealed her closest allies and expressed frustration with Sultex’s competitive attitude.
Sultex, meanwhile, delivered some of the strongest criticism of his fellow housemates. He questioned the commitment of Tram and Bluethopia to the wager and accused Oyin and Flora of creating drama for the cameras, Chimsom Chuka reflected on his own difficult week, his complicated history with Kamsy and the conflict that developed between himself and Oyin over shared task space. He admitted that their retaliation against each other became petty before he eventually chose to de-escalate.
Biggie also granted Nomy a concession following her apology. She no longer has to sit on the Bench or wear the Bench Warmer bib, but she must now copy a provided sample until she fills an entire notebook, By evening, the housemates transformed themselves with elaborate makeup and costumes before heading to the Arena for the highly anticipated Wager presentation.
The Issues
The biggest issue is the growing lack of trust between the two wager teams. Accusations of spying, disruption and interference suggest that the rivalry has moved beyond healthy competition, The conflict isn’t limited to the two teams. Sultex’s criticism of other housemates, Chimsom Chuka’s confrontation with Oyin and Ricky’s concerns about his own role show that there are cracks within the groups as well.
The prize-money deduction also remains controversial. Several housemates accepted Biggie’s ₦5 million deduction, although their reasons differed. Ricky felt the house needed a wake-up call, while Chimsom Chuka believed the punishment was fair because housemates had repeatedly ignored instructions, Neche’s voluntary departure continues to affect the house. While some housemates are trying to understand why she left, others are still visibly affected by the suddenness of her decision.
What’s Being Said
Ricky questioned why Kamsy was evicted and said she had been judged unfairly because of her relationships with Chimsom Chuka and Gerard. He also described Abi’s leadership as genuine, Sheba said her closest allies are Bells, Goddessa, Tram and Temi Nkem. She also criticised Sultex’s competitiveness and became emotional while talking about missing her son.
Sultex defended the prize deduction and criticised several housemates for what he sees as poor commitment. He also questioned the authenticity of the friendship between Sheba and Goddessa, Chimsom Chuka admitted that his conflict with Oyin became petty but said he eventually decided to take the bigger-person approach. He also said he believes Abi’s heart is in the right place despite some problems with her delivery, Oyin returned the spoons she had hidden, but the gesture did little to repair relations with some of the other housemates.
What’s Next
The immediate focus is the Week 4 Wager Task result. After days of preparation, both teams have now presented their creative concepts and performances, The outcome could have major consequences because another wager loss would put additional pressure on the housemates following Biggie’s recent ₦5 million deduction, Meanwhile, the eviction race continues, with viewers voting to save Araga, Cassi, Gerard, Goddessa, Nomy, Temi Nkem, Tram and Yusuf.
Bottom Line
Day 25 showed a house increasingly divided by competition, suspicion and unresolved personal conflicts. While both teams managed to get their presentations ready, the bigger question is whether the wager will unite the house through a win or deepen the divisions if one team walks away disappointed, The Wager presentation is no longer just about winning supplies. It has become another test of the housemates’ relationships, teamwork and ability to handle pressure.
