30.04.2026

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Nigeria

JP Morgan Backs Afreximbank Bonds After Fitch Downgrade

IDNN
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Investor confidence around Afreximbank bonds came into focus after JP Morgan publicly backed the lender’s debt despite a recent downgrade by Fitch Ratings. The move highlights diverging views within global markets on African development finance risks, even as rating agencies reassess exposure amid tightening global financial conditions....

Tax Laws Controversy: Reps Spokesman Rejects Ndume’s Falsification Claims

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Nigeria’s tax laws controversy intensified after the House of Representatives rejected claims that newly enacted tax reforms were falsified. The rebuttal followed allegations by Senator Ali Ndume, reopening questions around legislative transparency, internal review processes and how disputes over major fiscal reforms are resolved within Nigeria’s lawmaking system....

IMF Global Growth Outlook 2026 Nigeria Ranks Among Top Contributors

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Nigeria has been listed among the world’s top contributors to global economic growth in 2026, according to the International Monetary Fund. The IMF global growth outlook 2026 Nigeria projection places the country ahead of several advanced economies in the Fund’s latest ranking and underscores a wider shift toward emerging markets as the main engines of world expansion....

Rivers United Suffer 1-0 Loss to Power Dynamos in CAF Champions League

Noble Onyeagoro
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Rivers United lost 1-0 to Power Dynamos in their CAF Champions League matchday four encounter at Godswill Akpabio International Stadium, Uyo on Sunday, January 31, 2026. Kondwani Chiboni scored the match-winning goal for the Zambian side five minutes into the second half, handing them their first-ever group-stage victory....

Atlético Madrid Sign Ademola Lookman in €35m Deal as Simeone Finally Lands Long-Term Target

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Atlético Madrid have completed the signing of Nigerian forward Ademola Lookman from Atalanta in a €35 million transfer, ending a long pursuit that began last summer. The deal, finalised on the eve of the winter window deadline, hands Diego Simeone a dynamic attacker ahead of a crucial phase of the season, with Lookman expected to make an immediate impact....

Nigeria’s Tax Deadline Is Closer Than It Looks — What the Annual Returns Rule Really Means

IDNN
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As Nigeria’s annual tax filing deadline approaches, authorities are intensifying compliance efforts, warning individuals and businesses against late submissions. The push is part of a broader reform drive to expand the tax base and improve transparency. For many taxpayers, however, confusion remains over who must file, what qualifies as compliance, and what penalties apply....

Anambra, Traders Agree on Phased Remodelling of Onitsha Main Market to Ease Disruption

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The Anambra State Government and traders at Onitsha Main Market have reached an agreement on a phased remodelling plan aimed at upgrading market infrastructure while minimising disruption to business activities. The approach follows weeks of negotiation and reflects the state’s effort to balance urban renewal goals with the economic realities faced by traders....

Wike Seeks Jail Term for FCTA Striking Workers Over Court Order Defiance

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Federal Capital Territory Minister Nyesom Wike has asked the National Industrial Court to jail leaders of striking FCTA workers for allegedly disobeying a court order restraining industrial action. The move escalates a tense standoff between the FCT administration and labour unions, raising fresh questions about the balance between workers’ rights and judicial authority...

Nwifuru Sacks Appointees, Dethrones Monarch After Ebonyi Killings as State Moves to Quell Violence

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Ebonyi State Governor Francis Nwifuru has dismissed government appointees, dissolved community leadership structures, and withdrawn a traditional ruler’s certificate following deadly attacks in parts of the state. The sweeping sanctions come as authorities respond to violent incidents that left at least four people killed, signalling a hardline approach to restoring order and preventing escalation....

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