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Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

February 13, 2026

The Chinese Embassy in Nigeria has dismissed as “completely baseless” allegations that Chinese companies are involved in illegal mining operations in Nigeria and funding armed groups through protection payments. In a statement issued by its spokesperson, the Embassy expressed “firm opposition and

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business·Top Stories

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

February 13, 2026

The black market on Friday, February 13, saw traders exchange the United States dollar (USD) at N1,404.99 kobo per USD, compared to the N1,444.88 kobo/$1 recorded on Thursday, February 12. Based on the data obtained from Naira Rates, the black market aggregator,

News·Top Stories

Ramadan Clash: Bashir Ahmad Urges INEC to Review 2027 General Election Dates

February 13, 2026

A former presidential aide, Bashir Ahmad, has called on the Independent National Electoral Commission (INEC) to reconsider the proposed dates for the 2027 general elections, citing concerns over their coincidence with the Muslim holy month of Ramadan, Prime Business Africa reports. INEC

Business·Top Stories

NGX Market Cap Rises By N2.36trn To N117trn

February 13, 2026

Following a 3,687.45 basis points increase in the all-share index, the market capitalisation of the Nigerian Exchange (NGX) increased by N2.36 trillion on Friday, February 13. The index had increased to 182,313.08 ASI, from the 178,625.63 ASI recorded on Thursday, February 12.

Financial Expert Says Stable Forex Regime Will trigger Nigerian Breweries, Others’ Return To Profitability In 2024

Business·Top Stories

Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

February 13, 2026

After two years losing streak, Nigerian Breweries is back to profitability, reversing the heavy losses recorded in 2023 and 2024, which were the periods the company’s shareholders were not rewarded for their investments. In 2025, Nigerian Breweries generated N1.46 trillion compared to

Africa·News·Top Stories

Morocco Earmarks $330m for Flood-Hit Northern Regions

February 13, 2026

The Morocco government has approved a 3bn dirham ($330m) emergency package to support communities in its northern provinces after weeks of unusually heavy rainfall triggered widespread flooding. In a statement on Thursday, the royal palace said King Mohammed VI had ordered a

News·Politics·Top Stories

INEC Sets Dates For Presidential, Governorship Elections

February 13, 2026

Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has fixed 20 February 2027 for the presidential and National Assembly elections and 6 March 2027 for governorship and state assembly polls, formally triggering the countdown to the country’s next general election. Announcing

News·Power·Top Stories

Germany Confirms Revival of $2.3bn Siemens Power Deal Under Tinubu

February 13, 2026

Germany has confirmed that the $2.3 billion Presidential Power Initiative (PPI) with Nigeria, implemented by Siemens AG, remained largely dormant under the previous administration but has regained momentum under President Tinubu. Johannes Lehne, Deputy Head of Mission at the German Embassy in

Africa·News·Top Stories

Nigeria Wins Permanent Seat on African Central Bank Board at AU Summit

February 13, 2026

Nigeria has secured a permanent seat on the Board of the African Central Bank, marking a major diplomatic and institutional victory for the country at the 39th Session of the Executive Council of the African Union (AU). The Ministry of Foreign Affairs

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Latest

Chinese Embassy Denies U.S. Allegations of Illegal Mining, Terror Funding in Nigeria

Dollar Rate Drops To N1,404/$ In Black Market, Rises To N1,355/$ In Official Window

Ramadan Clash: Bashir Ahmad Urges INEC to Review 2027 General Election Dates

NGX Market Cap Rises By N2.36trn To N117trn

Inside Nigerian Breweries Turnaround: How Slashing Borrowing Costs Ended Two-Year Losing Streak

Morocco Earmarks $330m for Flood-Hit Northern Regions

INEC Sets Dates For Presidential, Governorship Elections

Germany Confirms Revival of $2.3bn Siemens Power Deal Under Tinubu

Nigeria Wins Permanent Seat on African Central Bank Board at AU Summit

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