Author: News Room
Foreign direct investment into Nigeria plunged by 80 per cent in January 2026 as foreign investors increasingly channelled funds into bonds and money market instruments, despite a sharp rise in overall capital inflows, the latest Economic Report of the Central Bank of Nigeria has shown. The report revealed that FDI fell to $30m in January from $150m in December 2025, while foreign portfolio investment surged to $3.37bn from $940m over the same period, showing investors’ preference for debt assets over long-term productive investments. According to the CBN, “Direct investment fell by 80.0 per cent to $0.03 billion in the review…
Since assuming office on May 29, 2023, President Bola Tinubu and Vice President Kashim Shettima have undertaken over 75 trips across 37 countries, collectively spending 344 days abroad, STEPHEN ANGBULU reports A tally of all foreign engagements since assuming office shows that Tinubu logged approximately 261 days abroad, visiting at least 30 countries on 51 unique and recurrent trips. He also covered approximately 260,000 nautical miles and accumulated over 400 flight hours. The figures were aggregated using all officially announced trips and available flight data. Across all the destinations, the President spent the most time in France, with over 50…
Personal loans granted by Nigerian banks rose to N1.96tn in January 2026, accounting for more than half of the country’s total consumer credit, according to the latest Economic Report of the Central Bank of Nigeria. The report, obtained from the CBN website by Sunday PUNCH on Friday, further showed that total consumer credit outstanding increased by 0.79 per cent to N3.81tn in January from N3.78tn in December 2025, driven entirely by growth in personal lending. The apex bank stated, “Consumer credit outstanding increased by 0.79 per cent to N3.81tn, from N3.78tn in the preceding month. The increase in consumer credit…
Femi Azeez has declared his ambition to reach the Premier League after marking his Super Eagles debut with two goals against Zimbabwe in Nigeria’s 2-0 Unity Cup semi-final victory, a performance that made him the first Nigerian debutant to score twice for the senior team in 55 years, PUNCH Sports Extra reports. The 24-year-old Millwall forward, who arrived at the tournament on the back of a 19-goal-contribution season across 35 Championship appearances, has quickly identified the international stage as the springboard to the next phase of his career. “I had a good season in the Championship and obviously, to do…
Bitcoin could fall toward its February yearly low if it fails to maintain support above the $70,000 level, according to a crypto analyst.“Bitcoin is at a pivotal level, and if it doesn’t hold, we’re buying at <$65K,” MN Trading Capital founder Michael van de Poppe said in an X post on Saturday. Bitcoin (BTC) reached a yearly low of $60,000 in early February before recovering to $73,873 at the time of publication, according to CoinMarketCap.It comes as crypto market participants are divided over whether Bitcoin’s early February price of $60,000 marked the bottom of the cycle, or if further downside…
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Some thugs on Saturday dispersed delegates and members of the faction of the Peoples Democratic Party (PDP) led by Kabiru Turaki while they were protesting their denial of access to A-Class Event Centre, the venue where the faction initially planned to hold a special national convention to ratify former President Goodluck Jonathan as its presidential candidate. PREMIUM TIMES earlier reported that armed police officers barricaded the event centre with patrol vans and blocked the two roads leading to the venue from the Wuse and Maitama Districts preventing members of the faction from gaining access. The development followed a warning issued…
The African Democratic Congress, ADC, has called on the All Progressives Congress, APC-led Federal Government to make life more meaningful for Nigerians. The National Chairman of the ADC, David Mark, made the call on Saturday at the National Executive Committee (NEC) meeting held in Abuja. Mark urged governments at all levels to intensify efforts toward tackling insecurity in Nigeria. The former Senate President also charged all party leaders and members across the federation to close ranks and recommit themselves to the shared vision of building a stronger and more inclusive Nigeria. “We therefore urge governments at all levels to intensify…
The Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has said if elected, his leadership would pursue democracy with integrity, fairness, and transparency. Obi made this promise on Saturday during his acceptance speech shortly after he was declared the presidential flag bearer of the party ahead of the next year’s general elections. He also said that the rule of law would be fiercely upheld, stating that adherence to it would be sacrosanct for both government officials and citizens alike in accordance with our constitutional frameworks. “Our democracy will exemplify true governance of the people, by the people, and for the people, completely…
British broadcaster, Piers Morgan, has reacted to Gabriel Magalhães’ penalty missed against Paris Saint-Germain in the Champions League final on Saturday. DAILY POST reports that PSG defeated Arsenal in the Champions League final via penalty shoot-out following a 1-1 draw. Gabriel and Eberechi Eze missed their penalty kicks against the Parisians. Reacting after the final whistle, Morgan, in a tweet on X, showered love on Gabriel. He wrote, “Nobody less deserving of that than Gabriel. He’s been an absolute hero all season. I love you, Gabriel.” Gabriel will now shift his attention to the World Cup tournament starting in June.…
