Africa

JP Morgan Backs Afreximbank Bonds After Fitch Downgrade

IDNN
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....

IMF Global Growth Outlook 2026 Nigeria Ranks Among Top Contributors

IDNN
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
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....

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

IDNN
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State Governor Francis Nwifuru has dismissed government appointees, dissolved community leadership structures, and withdrawn a traditional ruler’s certificate following deadly attacks in parts of the state.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....

Timipre Sylva Yet to Return as EFCC, Interpol Trail Ex-Governor Over Coup Probe and Alleged Fraud

IDNN
Former Bayelsa State Governor Timipre Sylva has yet to return to Nigeria months after his Abuja residence was raided amid investigations linked to an alleged coup plot against President Bola Tinubu. The ex-minister, also declared wanted by the EFCC over alleged $14.8m fraud, is now being tracked internationally as authorities weigh arraignment in absentia....

Nigeria’s Case Against DR Congo: NFF Seeks FIFA Ruling Over Alleged Use of Ineligible Players in World Cup Playoff

Noble Onyeagoro
The Nigeria Football Federation (NFF) is confident of a favorable ruling from FIFA in its case against DR Congo. Nigeria claims that the Congolese side fielded ineligible players in the 2026 World Cup playoff final. Despite losing the match on penalties, the NFF believes their petition, grounded in eligibility rules, has merit....

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