Author: Press Room

Obasanjo, Jonathan, Lady Maiden Alex-Ibru, Others Hail Abati’s Intellectual Legacy The Catholic Bishop of Sokoto Diocese, Matthew Hassan Kukah, has called for deeper institutional reforms to strengthen Nigeria’s democracy, warning that credible elections, though essential, are not enough to sustain good governance or national cohesion. Kukah, who spoke at the public presentation of three new books by Dr. Reuben Abati at Nigerian Institute of International Affairs (NIIA), Victoria Island, Lagos on Friday, said the country must move beyond the routine of periodic elections to strengthen laws and institutions that can safeguard democracy and check political excesses. He noted that Nigeria’s…

The Central Bank of Nigeria has reiterated that the ongoing recapitalisation of commercial banks is central to achieving the Federal Government’s ambition of building a $1 trillion economy by 2030. The CBN Deputy Governor for Financial System Stability, Mr Philip Ikeazor, stated this on Friday at the three-day retreat of the Association of Corporate Affairs Managers of Banks, held in Abeokuta, Ogun State. He described the recapitalisation policy as “a journey, not a destination,” stressing that the objective is to build banks that are not only bigger but stronger, well-governed, and inclusive. Represented by Mr Ibrahim Hassan, Ikeazor said: “The…

Bitcoin’s mining industry is feeling the strain as profitability plunges to its lowest point in months, forcing many operators to weigh shutdowns or strategic pivots. Key Takeaways: Bitcoin’s hash price has dropped to around $42 per PH/s, nearing break-even levels that threaten smaller mining operations. High energy costs and reduced block rewards are squeezing margins, prompting miners and manufacturers to pivot toward AI. Major firms like Cipher Mining and IREN are diversifying, securing multi-billion-dollar AI infrastructure deals with Amazon and Microsoft. The sector’s key performance metric, the hash price, or daily revenue per unit of computational power, has fallen to…

Nigerian superstars Davido, Burna Boy, and rising sensation Ayra Starr have been nominated in the Best African Music Performance category at the 2026 Grammy Awards. This recognition highlights the global rise of African music and its growing influence on the international stage. This year’s list, unveiled on Friday, features Nigerian Afrobeats stars Davido, Burna Boy, and Ayra Starr, among those nominated in the Best African Music Performance category. Other nominees in the category include Eddy Kenzo & Mehran Matin and South African singer Tyla. Best African Music Performance (2026) list includes Love by Burna Boy, With You by Davido featuring…

In SummaryAfrica’s highest debt burdens are driven by pandemic recovery, climate shocks, and global inflation, forcing nations to borrow for essential imports and services.Countries like Zimbabwe and Sudan face ratios over 150%, with debt distress blocking IMF financing and requiring complex restructuring programs.Solutions hinge on IMF reforms, climate finance, and transparent governance to achieve fiscal stability amid austerity pressures and slow growth.Deep Dive!!Saturday, 08 November 2025 – The global economic environment of the mid-2020s presents a complex set of challenges, and African nations are navigating this terrain while carrying the heavy legacy of recent crises. The compounded effects of the…

The governorship election in Anambra State commenced at exactly 8:30 a.m. on Saturday at Udeozo Primary School, Awka, in Awka South Local Government Area. Officials of the Independent National Electoral Commission (INEC) began accreditation simultaneously at the three polling units within the school premises, with only a handful of voters present at the time. While the exercise took place under the mango trees, some young men were seen playing football on the school field, seemingly indifferent to the ongoing election. One of them, who identified himself as Sunday, told The Guardian that he had no interest in voting. “Our votes…

Nigeria head coach Eric Chelle has announced his 24-man Super Eagles squad for next week’s crucial World Cup playoff against Gabon, with Victor Osimhen and Ademola Lookman leading a strong attack line, Soccernet.ng reports. The Nigeria Football Federation (NFF) unveiled the list on Saturday morning via the team’s official X (formerly Twitter) account. The match will be played on November 13 in Morocco, with the winner facing either Cameroon or DR Congo three days later for a place in the next qualifying stage. Nigeria Super Eagles vs Gabon Chelle, who continues to shape the identity of his Super Eagles, has…

The Anambra State governorship election holds today, Saturday, November 8, 2025 across 21 local governments in the state. According to the Independent National Electoral Commission (INEC), 2,802,790 eligible voters at the 5,718 polling booths will decide the fate of Anambra State for the next four years. Incumbent governor Chukwuma Soludo of the All Progressives Grand Alliance (APGA), a leading candidate for the election, is seeking the electorates’ votes for a second term in office. Soludo is being challenged by Prince Nicholas Ukachukwu of the All Progressives Congress (APC), Dr. George Moghalu of Labour Party (LP), Sir Paul Chukwuma, of Young…

• We’re Committed To Safeguarding Electoral Process, Police Reassure Saturday, November 8, the appointed day that the outcome of the manoeuvrings and months of political calculations and campaigns by 16 governorship candidates of various political parties angling for the number one seat of the state would come to reality, is here. Expected to decide the fate of the 16 candidates are the no fewer than 2.8 million eligible voters of Anambra State, who will choose one among the candidates that had traversed the length and breadth of the state for several months, seeking to be elected governor. And some eligible…

In SummaryAfrica’s investment landscape is transforming, with ESG principles becoming central to economic strategy, directing capital toward green policies and transparent governance in 2025.The ranking highlights nations like Mauritius and South Africa leading as sustainable finance hubs and energy transition leaders, based on project pipelines and green bond issuance.From Namibia’s green hydrogen to Kenya’s climate-tech, diverse countries are attracting major ESG flows by leveraging unique assets and robust policy frameworks for sustainable growth.Deep Dive!!Saturday, 08 November 2025 – The global investment landscape is witnessing a paradigm shift, and Africa is emerging as a critical frontier in this new era. No…