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09/01/2026

PRESIDENT of Nigeria, His Excellency, Asiwaju Bola Ahmed Tinubu, at the Sustainability Summit in Abu Dhabi.

09/01/2026

US Vice President JD Vance said that if European leaders do not address Greenland's security, the US may take further action, citing missile defense and adversary interest as key reasons.


JUST IN: Barack Hussein Obama is calling President Trump a threat to democracy. ๐Ÿค”
09/01/2026

JUST IN: Barack Hussein Obama is calling President Trump a threat to democracy. ๐Ÿค”

STATEHOUSE PRESS STATEMENTPRESIDENT TINUBU APPLAUDS NGX N100 TRILLION MILESTONE, CHARGES NIGERIANS TO INVEST MORE LOCALL...
08/01/2026

STATEHOUSE PRESS STATEMENT

PRESIDENT TINUBU APPLAUDS NGX N100 TRILLION MILESTONE, CHARGES NIGERIANS TO INVEST MORE LOCALLY

President Bola Tinubu has praised corporate Nigeria, citizens, and other stakeholders in the Nigerian capital market for surpassing the N100 trillion milestone on the Nigerian Exchange (NGX).

President Tinubu described this record achievement as an inspiration for the investing public operating in the money and capital markets.

He urged Nigerians to deepen their investments in the local economy, assuring that 2026 will yield even greater returns as his administrationโ€™s economic reforms continue to deliver stronger outcomes.

"With the Nigerian Exchange (NGX) crossing the historic N100 trillion market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation.

โ€œIn 2025, while many of the worldโ€™s markets struggled with stagnation or tepid recovery, the NGX All-Share Index was on the ascent. It closed 2025 with a 51.19% return, higher than the 37.65% recorded in 2024. This performance ranks among the highest in the world. Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group.

โ€œNigeria is no longer a frontier market to be ignoredโ€”it is now a compelling destination where value is being discovered. As the stock market reflects the entire economy, its stellar performance is a significant indicator of the countryโ€™s economic health and the confidence investors have in our economy.

โ€œOn the NGX, we have witnessed remarkable performances from listed companies across all sectors. From blue-chip industrial giants that have localised their supply chains, to a banking sector that has demonstrated resilience and technological innovation, Nigerian companies are proving that the country can deliver strong returns on investment.

โ€œAnd we are just getting started. The pipeline for new and upcoming listings looks robust. More indigenous energy firms, tech unicorns, telecoms, and infrastructure-heavy entities are seeking to access the public market to fund their expansion. As these firms are listed, they will boost market capitalisation and deepen democratic ownership of the Nigerian economy.

โ€œWe are not celebrating the superlative stock market performance in isolation. We are also celebrating the microeconomic effects of our reforms. After the initial headwinds that followed our reforms, we are finally seeing a bend in the inflation curve. Crucial monetary tightening and the removal of distortionary โ€˜Ways and Meansโ€™ financing have restored stability to the Naira. Furthermore, investments in the agriculture sector have contributed to a consistent decline in inflation over the past eight months. From a 24-month high of 34.8% in December 2024, inflation decelerated to 14.45% as of November 2025, with projections indicating it will reach 12% in 2026. Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians.

โ€œAlso noteworthy is the status of our nationโ€™s current account, a valid measure of our overall economic health. In 2024, Nigeria posted a surplus of $16 billion. According to the Central Bank of Nigeria (CBN), our current account balance is projected to rise to $18.81 billion in 2026, up from $16.94 billion in 2025.

โ€œUnder our administration, Nigeria is exporting more and importing less of what we can produce locally. Non-oil exports surged by 48% by the third quarter of 2025, totalling N9.2 trillion. Exports to Africa alone rose by 97% to N4.9 trillion. Manufacturing exports increased by 67% year-on-year in the second quarter of 2025, suggesting a strong close to the year.

โ€œNigeriaโ€™s foreign reserves have crossed the $45 billion mark, giving the Central Bank the firepower to maintain stability. The Naira has stabilised, moving away from the volatility that once fuelled speculation. The Central Bank of Nigeria, in its latest outlook, projects foreign reserves will cross the $50 billion threshold in the first quarter of 2026.

"We are also seeing an expansion of the rail networks, the completion of major arterial roads and the revitalisation of our ports. With the transformative Lagos-Clabar and Sokoto-Badgry superhighways, the nation's infrastructure is growing.

"Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund (NELFUND), and universities are receiving increased research grants.

โ€œNation-building is a process, not a destination. Hard work, sacrifices, and the focus of its citizens build a nation. The N100 trillion market capitalisation is a signal to the world that the Nigerian economy is robust and productive.

"As your leader, I pledge to continue working unrelentingly to build an egalitarian, transparent, and high-growth economy that will be further catalysed by the historic tax and fiscal reforms that came into full implementation from January 1," President Tinubu said.

Bayo Onanuga

Special Adviser to the President

(Information and Strategy)

January 8, 2026

Dele Momodu: Calling Obi โ€˜best of usโ€™ is an insult to other ADC leaders  โ€”  Momodu tells ObidientsA chieftain of the Afr...
08/01/2026

Dele Momodu: Calling Obi โ€˜best of usโ€™ is an insult to other ADC leaders โ€” Momodu tells Obidients

A chieftain of the African Democratic Congress (ADC), Dele Momodu, has faulted calls by supporters of former Anambra State governor, Peter Obi, insisting he must emerge as the partyโ€™s presidential candidate for the 2027 election.

08/01/2026

โ€œSiminalayi Fubara and Ngozi Odu are nothing but a threat to our nascent democracy. If they are allowed to remain in office, I do not know what will become of our democracy. They are moving about from place to place, spending taxpayersโ€™ money without approval.โ€ โ€” Martins Amaewhule, speaker of the Rivers state house of assembly.

2027: ๐—”๐˜๐—ถ๐—ธ๐˜‚ ๐˜„๐—ผ๐—ปโ€™๐˜ ๐˜„๐—ถ๐˜๐—ต๐—ฑ๐—ฟ๐—ฎ๐˜„ ๐—ณ๐—ผ๐—ฟ ๐—ข๐—ฏ๐—ถ โ€” ๐——๐—ฒ๐—น๐—ฒ ๐— ๐—ผ๐—บ๐—ผ๐—ฑ๐˜‚ Dele Momodu dismisses rumors that Atiku Abubakar will withdraw from the...
08/01/2026

2027: ๐—”๐˜๐—ถ๐—ธ๐˜‚ ๐˜„๐—ผ๐—ปโ€™๐˜ ๐˜„๐—ถ๐˜๐—ต๐—ฑ๐—ฟ๐—ฎ๐˜„ ๐—ณ๐—ผ๐—ฟ ๐—ข๐—ฏ๐—ถ โ€” ๐——๐—ฒ๐—น๐—ฒ ๐— ๐—ผ๐—บ๐—ผ๐—ฑ๐˜‚
Dele Momodu dismisses rumors that Atiku Abubakar will withdraw from the 2027 presidential race for Peter Obi, asserting Atiku's experience and right to con...

๐—ฅ๐—ฒ๐—ฎ๐—ฑ ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ฌ๐ญ๐จ๐ซ๐ฒ ๐ข๐ง ๐ญ๐ก๐ž ๐œ๐จ๐ฆ๐ฆ๐ž๐ง๐ญ๐ฌ

08/01/2026

RSHA Impeachment proceedings against Fubara: I will ensure that this letter is forwarded to His Excellency Siminalayi Fubara, Governor of Rivers State, within seven days.

โ€” Martins Amaewhule, Speaker, Rivers State House of Assembly

The Rivers State House of Assembly has commenced impeachment proceedings against Governor Siminalayi Fubara during plenary.

The Majority Leader, Major Jack, read out the notice of gross misconduct against the governor before the House.

Some of the accusations include the demolition of the Assembly Complex, extra-budgetary spending, withholding funds meant for the Assembly Service Commission, and a refusal to obey the Supreme Court on the financial autonomy of the House.

BREAKING: Full list of the 57 properties, including hotels and luxury homes seized by the EFCC through an interim forfei...
08/01/2026

BREAKING: Full list of the 57 properties, including hotels and luxury homes seized by the EFCC through an interim forfeiture order by the federal high court. The assets, valued at N213.2 billion, include multi-billion naira landed properties spread across Abuja, Kebbi and Kano States. The 57 properties are as follows:

1. Luxury Duplex at Amazon Street, Plot No. 3011 Within Cadastral Zone, A06 Maitama; File No: AN enhancement 11352, which was purchased in December 2022 at N500, 000, 000.00 (value after enhancement at N5,950,000,000).

2. Two Winged Large Storey Building Situate at No. 3, Onitsha Crescent, Area 11,Garki, Cadastral Zone, A03, Abuja (formerly Harmonia Hotels Limited), FCT, which was purchased Dec. 2018 at N7,000,000,000.

3. Plot 683, Jabi District, Cadastral Zone B04, Comprising of a five storey Building (Now Luxurious Meethaq Hotels Ltd, Jabi with 53 rooms/suites), which was purchased in Sept. 2020 at carcass level at N850,000,000 with additional N300,000,000 to take possession (value after completion N8,400,000,000).

4. Property No. 3130 within Cadastral Zone A04, Asokoro District, FCT, Abuja, Comprising Terraces, purchased in January 2021 at N360,000,000.

5. Property No. 3 Rhine Street, Maitama, Abuja (Meethaq Hotels Limited, Maitama With 15 ROOMS), which was purchased in February 2018 at N430,000,000 (current value after rehabilitation is N12,950,000,000).

6. Plot No. 1241B, Asokoro District Zone (No. 11A Yakubu Gowon Crescent) AsokoroDistrict, which was purchased in July 2021 at N325,000,000.

7. Shop No. C82 Citiscape โ€” Shariff Plaza, Plot 739 Cadastral Zone A07, Aminu Kano Crescent, Wuse Il, FCT, Abuja, which was purchased in March 2024 at N120,000,000.

8. No. 4 Ahmadu Bello Way, Nasarawa GRA, Kano, which was purchased in December 2022 at N300,000,000.

9. Plot 157, Lamido Crescent, Nasarawa, GRA, Kano, purchased in July 2019 with no specific amount stated.

10. A Plaza, Commercial Toilets, Laundering, Warehouse Tanks Adjacent to Birnin Kebbi Market at N100 million.

11. 100 Hectares of l;and Along Birnin Kebbi, Jega Road, which was purchased in 2020 at N100,000,000.

12. Four Bedroom Bungalow Gesse Phase, Birnin Kebbi, which was purchased in 2023 at N101,000, 000.

13. Shops Nos. A36, B3 Vegas Mall, Wuse 2, Abuja, which was purchased in July 2023 at N158,000,000.

14. No. 26, Babbi Drive, Bua Estate, Abuja, purchased in 2022 at N136,000,000.

15. No. 27, Efab Estates Avenue, 5th Avenue, 59th Crescent, Gwarimpa, Abuja, purchased in January 2016 at N120,000,000.

16. Four Bedroom/ 2 Rooms Boys Quarters at No. 10B, Doka Crescent Abakpa GRA, Kaduna, purchased in January 2018 at N40, 000, 000.00.

17. Plot No. 13, Ipent 7 Estate, Karsana District, Abuja, purchased in June 2018 at N85,000,000.

18. A Bedroom Duplex & Boys Quarters at No. 12 Yalinga Street, Off Adetokunbo Ademola Crescent, Wuse Il, Abuja, purchased in Oct. 2018 at N150,000,000.

19. Two Warehouse Shops B40 And B46, Wuse Market, Abuja, purchased in July 2020 at N50,000,000.

20. Twin Houses at Zone E, Apo Legislative Quarters, Cadastral Zone B01, Plot 14014, Gudu District, Abuja, was purchased between February and May 2017 at N250,000,000.

Properties acquired by Khadimiyya for Justice & Development Initiative at the Academic Garden City, Birnin Kebbi, sold by the Federal Housing Authority Mortgage namely.

21, 22, and 23. Nine units of three bedroom, bungalow, three units of two bedroom bungalow, and 5.4 hectares of land, which were purchased between February 2023 and September 2023 at N187,000,000, among other assets listed in the schedule.

RAYHAAN UNIVERSITY, KEBBI STATE

24. Rayhaan University Permanent Site -N56,000,000,000.00

25. Rayhaan University Temporary Site -N37,800,000,000.00

26. Rayhaan University Third Site - N2,450,000,000.00

27. Rayhaan University Vice Chancellor - N490,000,000.0

RAYHAAN AGRO ALLIED FACTORY IN KEBBI STATE

28. Factory Buildings -N4,200,000,000.00

29. Factory Machines and Plants Units -N10,500,000,000.00

30. Factory Mosque - N2,450,000,000.00

31. Rayhaan Mill Staff Quarters - N1,487,500,000.00

32. Rayhaan Bustan Building - N3,150,000,000.00

AZBIR ARENA KEBBI STATE

33. Azbir Hotel - N10,325,000,000.00

34. Printing Press - N1,050,000,000.00

35. Gallery - N581,000,000.00

36. Gardens - N392,000,000.00

37. Mosque - N252,000,000.00

38. Azbir Clothing - N350,000,000.00

39. Azbir Pharmacy and Supermarket - N175,000,000.00

OTHER PROPERTIES HELD IN KEBBI STATE

40. Al-Afiya Energy Tanker Garage opposite Rayhaan University Health Centre, along Sani Abacha Bypass Road, Birnin-Kebbi - N2,450,000,000.00

41. Rayhaan Model Academy -N11,200,000,000.0

42. Rayhaan Primary and Secondary School - N8,750,000,000.00

43. Rayhaan Security House, off Sani Abacha Bypass, Birnin Kebbi - 245,700,000.00

44. Rayhaan Radio along Sani Abacha, Bypass Road, Birnin, Kebbi - N78,750,000.00

45. Uncompleted 2 Storey Complex Plaza located opposite Central Motor Park, (Eastern Park) Birnin Kebbi - N665,000,000.00

46. Amasdul Oil and Gas Ltd filling station Structure along Sani Abacha Bypass, Road, Birnin Kebbi near Jambali Automobile Workshop, Birnin Kebbi - 1,050, 000,000.00

47. Malami Support Organization Building - 210,000,000.00

48. ADC Kadi Malami Foundation Building - N56,000,000.00

49. Abubakar Malami SAN's House GRA - N350,000,000.00

50. Abubakar Malami SAN's House Behind Mobil - N490,000,000.00

51. Abdulaziz Malami (First Son's House) at Gesse Phase II in Birnin Kebbi - N1,659,000,000.00

52. Abiru-Rahman Abubakar Malami (Second Son's House) at Gesse Phase II in Birnin-Kebbi - N2,989,000,000.00

PROPERTIES IN KANO

53. Assets of Zeennoor Hotel at Kabuga Satellite Town, off Gwarzo Road, Kano with 131 rooms - N11,200,000,000.00

54. Zeennoor Mosque at Kabuga, Satellite Town, off Gwarzo Road, Kano - N84,000,000.00

55. Zeennor Old Hotel Building -N280,000,000.00

56. Rayhaan Hotel, Kano Located at Plot 27/28 Opp-Aminu kano Teaching Hospital, Southern Kano (Land And Luxurious Building of more than 50 rooms, with appurtenances- N2,240,000,000.00

57. Rayhaan Gym, Kano House Comprising of a Storey Building Opposite Rayhaan Hotel - N1,225,000,000.00

China Accuses U.S. of Stealing Its Oil After Trump Diverts Venezuelan Crude to America.China is livid, and theyโ€™re not h...
08/01/2026

China Accuses U.S. of Stealing Its Oil After Trump Diverts Venezuelan Crude to America.

China is livid, and theyโ€™re not hiding it.

After Trump announced the U.S. will refine and sell up to 50 million barrels of Venezuelan oil previously frozen under sanctions, Beijing fired back, calling the move a blatant power grab and a direct hit on their interests.

Why? Because that oil wasnโ€™t just sitting there, China had already paid for a big chunk of it, through loan-for-oil deals and state-backed agreements with Maduroโ€™s regime.

Trumpโ€™s plan? Ignore all that, break the blockade, grab the barrels, and reroute them to U.S. refineries.

The pitch: American energy security, because the U.S. is in charge now.

This is also about who gets to call the shots in Venezuela post-Maduro, and right now, Beijing just got boxed out while Washington takes over the chessboard.

Itโ€™s a high-stakes geopolitical standoff over energy, influence, and who controls Latin Americaโ€™s future.

China just lost billions in oil access,

07/01/2026

Court Grants โ‚ฆ500m Bail To Malami, Wife, Son...

07/01/2026

SENATE MINORITY LEADER Schumer slams the Trump administration's plans to run Venezuela: "How does spending potentially years and potentially billions of taxpayer dollars in Venezuela put America first?"

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