Author: Prima News
President Bola Tinubu on Thursday said Nigeria is on course to attract close to $20 billion in foreign direct investment in 2026 alone. He attributed the figure to his administration’s systematic removal of regulatory bottlenecks, macroeconomic stabilisation, and transparency reforms. Tinubu stated this while making a case for African self-reliance and continental resource integration at the Africa CEO Forum in Kigali, Rwanda. Speaking on a presidential panel moderated by British journalist Zainab Badawi alongside Gabonese President Brice Clotaire Oligui Nguema, Tinubu asserted that Africa must refuse to export raw materials while importing finished products. He also argued that the continent…
There are many endearing aspects of the Igbo business culture. But few, in my opinion, are more endearing than the apprenticeship system. It is a system that teaches and then empowers. The two most important requisites in successful entrepreneurship are knowledge and finance. The Igbo apprenticeship system provides both. This system, which has become a case study in many business schools the world over, has made billionaires out of enterprising young men and women who might otherwise have amounted to very little in life. It has also led to the dominance of its graduates in certain key areas of the economy. It…
An outbreak of the highly infectious Ebola virus disease has been reported in Uganda, following the deaths of scores of people in the Democratic Republic of Congo. The Ugandan health ministry, per Reuters, said the patient died in intensive care on May 14 after developing hemorrhagic symptoms. The case was an imported infection from the DRC. On Friday, the Africa Centres for Disease Control and Prevention (Africa CDC) announced a new Ebola outbreak in the remote Ituri province in Congo. Nearly 250 suspected cases of the virus and 65 deaths have been reported in the Central African nation, recorded mostly…
News » Premier League news » Chelsea newsMay 15, 2026 20:41 GMT (UK), by Sri Aswin View Chelsea summer 2026 transfer targets Tosin ruled out of FA Cup final Chelsea centre-back Tosin Adarabioyo is poised to miss the FA Cup final against Manchester City after picking up a hamstring injury in training. The Blues have had a dismal calendar year thus far, and they are currently on a seven-match run in the Premier League without picking up a win.Hence, they are huge underdogs for the FA Cup final tomorrow. Ahead of the game, the club have suffered a further injury setback in training.Adarabioyo sustained…
The family of Nollywood actor Alexx Ekubo has released an official statement confirming his death following a struggle with a terminal illness. In a statement posted on Alexx’s Instagram account on Wednesday, the family revealed that the actor passed away at Evercare Hospital in Lagos. The cause of death was attributed to complications arising from advanced metastatic kidney cancer. “It is with profound sadness that we announce the passing of our beloved husband, son, brother, and friend, Alexx Ikenna Ekubo-Okwaraeke,” the statement partly read. “After a brief but courageous battle, Alexx passed away at Evercare Hospital due to complications arising…
Across the Gaza Strip, vast piles of debris scar the landscape. More than two years of war between Hamas fighters and Israel have left the enclave covered with nearly 57 million tonnes of shattered concrete and other rubble.With three quarters of Gaza’s built environment now destroyed, several reconstruction scenarios are under consideration. One of the most technically and politically sensitive options is to recycle debris to extend the enclave’s Mediterranean coastline and create artificial islands offshore.Recycling constraintsThis approach has the advantage of absorbing part of the enormous volume of war debris while reducing the need for dredging and the extraction…
Politics, in theory, is meant to be the management of collective hope. In Nigeria, however, it increasingly resembles the management of personal survival. Offices are no longer treated as temporary platforms for service, but as strategic shelters from irrelevance, investigation, or economic uncertainty. Public power has become largely private. Perhaps nowhere is this more visible than in the endless migration of politicians from one office to another, carrying ambition the way nomads carry luggage. I had just returned from a week-long conference and was preparing to enjoy the quiet relief of a Friday evening when the news flashed across my…
Africa has been here before. Oil climbs above $100, import bills balloon, Finance ministers across the continent convene emergency sessions, and somewhere in a development bank boardroom, a clean energy investment pipeline gets quietly deprioritised while everyone waits for the price to come back down. In 2008, the global financial crisis interrupted a Brent spike that had touched $147. In 2014, the shale revolution drove prices from nearly $100 to below $40 in eighteen months, pulling the fiscal rug from under the African governments that had been using commodity revenues to fund energy access programmes. In 2022, the Ukraine conflict…
Lagos lawmaker and Nollywood actor, Desmond Elliot has publicly apologised to his supposed political mentor and the Chief of Staff to the President, Femi Gbajabiamila, saying he may have offended him in the course of his political engagements. Elliot made the apology during an appearance on TVC’s Your View on Friday, where he said any misunderstanding was unintentional and insisted he remained committed to party unity and development in his constituency. His apology comes amid previous political tensions linked to the Lagos State House of Assembly leadership crisis, during which Gbajabiamila had revealed that he nearly lost his position at…
The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange Manual, with the revised framework scheduled to take effect from June 1, 2026, as part of ongoing reforms aimed at improving transparency, liquidity and confidence in Nigeria’s foreign exchange market. Speaking at the launch of the revised manual in Abuja, the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, said the initiative reflected the apex bank’s commitment to strengthening macroeconomic stability and modernising Nigeria’s foreign exchange administration. “This unveiling reflects our collective commitment to strengthening Nigeria’s macroeconomic foundations, enhancing transparency, and reinforcing confidence…
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