The National Agricultural Development Fund (NADF) has unveiled a new blended finance initiative aimed at unlocking billions of naira in private sector investment for Nigeria’s agricultural sector. The move is part of efforts to bridge the longstanding agricultural financing gap and accelerate economic growth. The initiative was launched yesterday at a blended finance workshop for fund managers in Lagos, organised by NADF in partnership with Convergence Blended Finance,a global network dedicated to mobilising private capital into emerging and frontier markets. Speaking at the event, the executive secretary of NADF, Mohammed Abu Ibrahim, represented by the fund’s general manager for partnerships…
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The United States, U.S., has imposed sanctions on a network of individuals and businesses linked to the financing of the Islamic State (ISIS), including a Nigerian national and three Nigeria-based financial firms, in a move Washington says is aimed at crippling the terrorist group’s global funding operations. Announcing the measures on Monday, the U.S. government said the sanctions target three individuals and six entities operating across Europe, the Middle East and West Africa that allegedly facilitated the movement of funds for ISIS and its affiliates. Among those designated is Nigerian citizen Mukhtar Adamu Muhammad, who was accused of serving as…
Oyo governor, Seyi Makinde on Tuesday declared a 16-hour curfew in 10 Local Government Areas (LGAs) of the State. According to a memo issued in Ibadan on Tuesday evening by the Secretary to the State Government, Prof Musibau Babatunde, the curfew takes effect from Wednesday. However, no reason was given for the curfew that is expected to be observed between 4.00 p.m. and 8.00 a.m. and last for two days in the first instance in the statement. The affected LGAs are: Oriire LGA headquarters, Ikoyi-Ile; Orelope LGA headquarters, Igboho; Irepo LGA headquarters, Kisi; Saki West LGA headquarters, Saki, and Saki…
The Federal High Court in Abuja on Tuesday ordered the Department of State Services (DSS) to investigate allegation by the prosecution that part of the evidence it tendered in court and served on lawyers to the six men being prosecuted for allegedly attempting to execute a coup plot against President Bola Tinubu were displayed on social media by controversial activist, VeryDarkMan. Justice Joyce Abdulmalik also ordered that if there was any evidence on social media, which contravened the court’s earlier order for witnesses’ protection, the DSS should investigate and bring the perpetrator to book. The judge said the investigation should…
Nigeria’s proposed $5billion total return swap financing arrangement could expose the country to additional debt-management and liquidity risks despite its potential benefits, global rating agency Fitch Ratings has warned. Fitch said that while total return swaps can provide governments with hard-currency liquidity, diversify funding sources, and lower borrowing costs, the structure could create transparency concerns, increase exposure to market shocks, and weaken recovery prospects for conventional creditors if not carefully managed. The report comes weeks after reports emerged that Nigeria had secured approval for a $5billion financing arrangement with First Abu Dhabi Bank using a total return swap structure backed…
The British High Commission in Abuja has congratulated Governor Biodun Abayomi Oyebanji of the All Progressives Congress (APC) on his re-election in the Ekiti State governorship election, raising concerns over incidents of vote trading and technical challenges observed during the poll. In a statement issued on Monday, the Commission commended the people of Ekiti State for their participation in the June 20 election and praised their commitment to exercising their democratic rights through peaceful voting. “The British High Commission in Abuja congratulates the voters in Ekiti State for their participation in the Governorship election held on 20 June 2026 and…
Operatives of the Anti-Kidnapping Unit of Lagos Police Command have intercepted three suspects with a truck loaded with military uniforms and suspected illicit drugs following an intelligence-led operation. Lagos Commissioner of Police, Mr Fatai Tijani, disclosed this on Tuesday while briefing journalists at the Command Headquarters in Ikeja. According to him, the vehicle was found loaded with 47 sacks containing military camouflage uniforms and 80 cartons of substances suspected to be illicit drugs. Tijani further revealed that preliminary investigations indicated that the truck was being used to transport the military camouflage uniforms to the eastern part of the country. He…
Ekiti State Governor and candidate of the All Progressives Congress (APC) in last Saturday’s governorship election, Biodun Oyebanji, on Tuesday received his Certificate of Return from the Independent National Electoral Commission (INEC), pledging to deepen good governance and accelerate sustainable development across the State. The National Commissioner in charge of Oyo, Ekiti and Lagos States, Mr Sam Olumekun, presented the certificate to Governor Oyebanji at a brief ceremony held at the INEC State Office in Ado-Ekiti, the state capital. His running mate and incumbent Deputy Governor, Chief (Mrs) Monisade Afuye, also received her certificate at the event. Governor Oyebanji, won…
The commissioning has happened. The equipment is available. Now we pray for grace to execute. “For I know the plans I have for you, declares the Lord, plans to prosper you not to harm you, plans to give you hope and a future.” — Jeremiah 29:11 Almighty God,We thank You for the mandate given to Governor Biodun Abayomi Oyebanji for a second term. The people of Ekiti have spoken, and we acknowledge that all power belongs to You. Father, we pray for BAO as he wind elevtion for a second term.Grant him wisdom from above to govern with justice, fairness,…
A bomb explosion suspected to have been caused by an Improvised Explosive Device (IED) sparked panic in the Shoe Materials Market area of Mushin, Lagos on Monday, leaving one person injured and raising fears among traders and residents.The blast, which occurred around a parked vehicle within the busy commercial district, drew a swift response from security agencies, who immediately cordoned off the area and launched investigations into the incident.Although the explosion triggered anxiety among residents and business owners, authorities later assured the public that the situation had been brought under control and that no additional explosive devices were found after…