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Press Review

Press Review from 09-15 May, 2025

17 May 2025
Reading time: 24 minutes

Regional News

Terror group linked to al-Qaeda claims killing of 200 soldiers in Burkina Faso

An Al Qaeda-affiliated terrorist group, Jama’at Nusrat al-Islam wal-Muslimin (JNIM), has claimed responsibility for the death of 200 soldiers in Burkina Faso. SITE Intelligence Group, a US-based organisation, confirmed on Thursday that the group had taken responsibility for an attack on soldiers at a military post in Burkina Faso’s northern town of Djibo. SITE is a private intelligence organisation known for monitoring and analysing the online activities of extremist groups, including jihadist and far-right organisations.

CDS links sustained Boko Haram attacks on military bases to insecurity in Chad, Niger, Burkina Faso – Champion Newspapers LTD

The Chief of Defense Staff (CDS) General Christopher Musa on Thursday said that the renewed Boko Haram attacks on the military bases and towns in Borno were as a result of in insecurity in the Sahel region, especially Niger Republic, Chad and Burkina Faso. It would be recalled that the Minister of Defense, Alhaji Muhammadu Badaru, his state Counterpart, Alhaji Bello Matawali and the CDS, General Christopher Musa were in Maiduguri recently on a similar mission.

TIMELINE: At Least 590 People Killed, 192 Kidnapped Across Nigeria in April – HumAngle

No fewer than 590 people were killed and at least 190 kidnapped in various incidents across Nigeria in April 2025, HumAngle Tracker revealed.  The data, which provides insights into key issues in Nigeria, including conflict and security trends, humanitarian crises, and governance and accountability, shows that April recorded the highest number of casualties since January 2025.

Boko Haram kills 4 soldiers in renewed onslaught on military bases – Daily Trust

Suspected Boko Haram terrorists have launched coordinated attacks on three military bases in Rann, Gajiram and Dikwa in Borno State, killing at least four soldiers. Security and local sources confirmed that all the attacks happened in the early hours of Tuesday, stating that the insurgents lost many fighters in Dikwa and Gajiram, where the military repelled their attacks.

17 Killed, Dozens Injured as Farmer-Herder Clashes Escalate in Yobe and Taraba  – PRNigeria News 17 Killed, Dozens Injured as Farmer-Herder Clashes Escalate in Yobe and Taraba  At least 17 people have been confirmed dead and several others injured in separate but related farmer-herder clashes that rocked communities in Yobe and Taraba States between May 12 and 14, 2025, PRNigeria reports. In Yobe State, a confrontation over farmland trespass in Nangere Local Government Area turned deadly after a Fulani herder reportedly led his livestock into a farmer’s land. 

1 herder, over 100 cattle killed in fresh Plateau attacks – Daily Trust

One herder and over 100 cattle were reportedly killed in a string of attacks on herders in two villages within Jos South and Jos North local government areas of Plateau State. The attacks, allegedly carried out by gunmen who opened fire on herders while they were grazing, highlight the fragile security situation in the areas long troubled by recurring farmer-herder conflicts, often resulting in the loss of lives and livelihoods.

Nigerian senators want separate agency to fight malaria

A bill seeking to establish a dedicated agency to combat malaria in Nigeria has passed second reading at the Senate. The Deputy Senate President, Barau Jibrin, who presided over the session, announced the passage during the plenary on Thursday after majority of the senators supported it through voice votes. Following its passage, the bill was referred to the Senate committee on Health for further deliberation and public hearing. The committee was directed to report back within four weeks.

FG unveils $500m climate investment platform – Daily Trust

To unlock green finance and drive sustainable economic growth, the Federal Government has unveiled the Nigerian Climate Investment Platform (NCIP), a country-led initiative designed to mobilize up to $500 million in climate finance for infrastructure, resilience, and adaptation projects.

Eid al-Adha: Sallah: Ram prices may rise as Niger Republic bans livestock export – Daily Trust

As this year’s Eid al-Adha approaches, livestock dealers and buyers have expressed concern that rams and other sacrificial animals may become more expensive due to rising cases of rustling in parts of the North West and a recent livestock export ban imposed by the Niger Republic. Earlier in May, the Nigerien government temporarily banned livestock exports to stabilise domestic prices ahead of the Eid celebrations.

8 killed, houses burnt in fresh Plateau attack – Daily Trust

No fewer than eight people, including women, were reportedly killed on Wednesday night in an attack on Wereng Camp community in Riyom LGA of Plateau State. The assault, which residents described as unprovoked, came just hours after more than 100 cattle and a herder were allegedly killed in separate incidents in Gero and Darwat communities in Jos South and Riyom LGAs.

REPORT: Over 300 People Killed in 5 Months Amid Boko Haram Resurgence — Emergency Digest

REPORT: Over 300 People Killed in 5 Months Amid Boko Haram Resurgence A new report by research and policy group Nextier SPD has revealed alarming levels of violence in Nigeria’s North East region, with over 100 military personnel and 200 civilians killed by Boko Haram insurgents between November 2024 and April 2025. The report, titled “Re-thinking Nigeria’s Counterinsurgency Strategy:

Fresh killings in Benue, Plateau claim over 23 persons, cattle

No fewer than 23 persons have been killed by suspected herdsmen in fresh attacks on Guma, Logo, Ukum and Kwande local councils in Benue State.
  Also, yesterday, gunmen reportedly opened fire on grazing cattle, killing a herder, Dantala Kago, and injuring three others around the Gero Community of Jos South Local Council of Plateau State.
  Most residents have reportedly fled their communities as the attacks have become a daily occurrence.

Tinubu approves establishment of forest guards to flush out terrorists

President Bola Tinubu has approved the establishment of forest guards and commencement of their employment to secure the 1,129 forests in the country. In a statement on Wednesday, presidential spokesperson, Sunday Dare, revealed that the President directed that the forest guards are to be well trained and armed to perform their duties, which is essentially to flush out terrorists and criminal gangs hiding inside the forests for criminal activities.

Herder missing, 41 cattle rustled in Plateau  – Daily Trust

A herder, Abdulrazak Yusuf, has reportedly gone missing at Bisici community, Foron District, in Barkin Ladi Local Government Area of Plateau State.  The state chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Ibrahim Yusuf Babayo, stated that 41 cattle were also rustled during an attack on Monday. Babayo said a search operation for the missing herder was unsuccessful, but the victim’s clothes were found in the bush,

World Bank Warns Nigerian Government Over Youth Unemployment, Lack Of Human Capital Investments | Sahara Reporters

He World Bank has warned Nigeria about the lack of jobs for its growing labour force, which largely consists of youths. The apex financial institution emphasised that for the country to survive, it must grow in a way that generates jobs and supports the poorest and least prosperous in society. This position was stated in the latest Nigeria Development Update released by the World Bank on Monday.

Boko Haram invades another military base in Borno, captures, kills soldiers – Daily Trust

Suspected Boko Haram terrorists have attacked a base of the Nigerian Army in Marte Local Government Area of Borno State, killing an unspecified number of soldiers. Local and security sources confirmed the attack, saying the incident happened at Forward Operation Base of the 153 Task Force Battalion, around 3:00am on Monday. One of the sources who did not want his name mentioned said the troops were dislodged and many soldiers captured during the attack.

Landmines kill two LEA staff members in Nigeria’s Northeast.

In Nigeria’s northeastern Borno state, there was a bomb blast that killed two staff members of the Damboa Local Education Authority (LEA) on Monday, as reported by security sources and travelers. According to sources, the victim, who is known as Blessings Luka and Gideon Bitterleaf, was on their way from Damboa to Maiduguri when the incident happened. Local sources say that the deceased were sitting in front of a Toyota Hiace that was carrying mangoes when it was hit by an improvised explosive device that was suspected to be planted by insurgents. International News Syndicate received a phone call from Bukar Modu, a local vigilante officer, who stated that the incident happened in the morning. 

At least 23 killed in attacks by gunmen in central Nigeria, Red Cross says

Gunmen killed 23 people in four separate attacks in central Nigeria’s Benue state, a Red Cross official said Sunday, the latest flare-up of unrest in the region. The attacks happened Saturday night in four villages. Clashes between nomadic cattle herders and farmers over land use are common in central Nigeria. “Reports from the field have confirmed the killings of at least 23 people from different attacks,” Red Cross secretary in Benue state Anthony Abah told AFP.

Turji’s associate, Danbakolo, sacks 4 Sokoto communities – Daily Trust

Armed men loyal to notorious bandit kingpin Bello Turji have reportedly attacked and sacked four communities in Isa Local Government Area of Sokoto State, including Bafarawa, the hometown of former governor Attahiru Dalhatu Bafarawa. The assault, allegedly led by Turji’s associate, Danbakolo, also affected the communities of Gebe, Kamarawa, Garin Fadama and Haruwai.

Bandits in police uniform attack Zamfara school, kill teacher, abduct 3 – Daily Trust

Suspected bandits disguised in police uniforms have attacked Government Secondary School, Raka, in Tsafe Local Government Area of Zamfara State, killing a teacher and abducting three women, including the wife of the deceased. The incident occurred at around 8:00 p.m. on Saturday. A member of the school’s management, who spoke on condition of anonymity, said the attackers breached the school’s perimeter through a hole in the back fence.

Reps seek free, compulsory education for all Nigerian children – Yerwa Express News

House of Representatives on Tuesday at plenary adopted a motion calling for the Universal Basic Education Commission (UBEC) to ensure every Nigerian child has access to free and compulsory education. The lawmakers explained that this was in line with Article 17 of the African Charter on Human and Peoples’ Rights. The motion was moved by Rep. Obi Aguocha (LP-Abia).

Jihadist attacks in northern Burkina Faso leave dozens dead

Members of al-Qaeda-linked Group for the support of Islam and Muslims, (Jnim), carried out simultaneous attacks on Sunday on a military detachment and police posts in the northern town of Djibo, as well as other towns in the north of the country. Assailants arrived “by the hundreds” on motorcycles and vehicles, encircling the town, security and local sources told the French news agency AFP.

Again, terrorists overrun military base in Rann, Gajiram hours after Marte assault – Yerwa Express News

Suspected Boko Haram terrorists have attacked the 3 Battalion, a military formation in Rann, headquarters of Kalabalge Local Government Area in Borno State. This fresh attack occurred at 12:00 a.m. Tuesday, killing five and injuring six soldiers, inciting fears in nearby residents, according to local sources.

Electoral act amendment: Nigerians reject reps’ proposal for compulsory voting – Daily Trust

Countries like Australia, Belgium, and Brazil have adopted compulsory voting with positive outcomes in political participation and public accountability. When more people vote, election results are more likely to reflect the true will of the people’. ‘No country, not even the most totalitarian country compels its citizens to vote. Voting is a civic responsibility; if you want, you can vote, if you don’t, you can stay in your house; compelling people to vote is a violation of their rights.’

ECOWAS Court dismisses suit seeking repeal of Nigeria’s vagrancy laws

The ECOWAS Court of Justice rejected on Wednesday a suit seeking the repeal of vagrancy laws criminalising destitute activities such as street wandering and begging from Nigerian laws. In its judgement delivered in Lagos, a three-member panel ruled that the West African regional court lacked jurisdiction to hear the case. The judges said the case, which a Nigerian civil society group filed in 2021, failed to identify victims whose rights.

Military overruns terrorists’ enclaves in Borno, kills scores – Daily Trust

Troops of the Nigerian military attached with Northeast Operation Hadin Kai have avenged the killings of their colleagues by overrunning notorious hideouts of the criminals in the Sambisa forests.

It was learnt the troops, who were mandated to reinforce more aggressive officers in response to colleagues’ killings, targeted the strongholds of the terrorists in Garin Malam Ali, Garin Glucose and Ukuba.

Peace and Security

Where do jihadist groups in the Sahel get their weapons?

The latest report by Conflict Armament Research (CAR) found that Salafi jihadist groups had no unique weapon supply sources and rely on local, predatory acquisition methods just like other regional armed actors. At least 20 percent of the weapons used by Salafi jihadist groups in the Sahel had been seized from regular armies of eight North and West African countries, researchers found.

Recharging Lake Chad critical to war against terrorism in North East — CDS – Daily Trust

The Chief of Defence Staff (CDS), General Christopher Musa, said recharging the Lake Chad is vital to the military’s efforts in combating terrorism in Nigeria’s North East region. General Musa made the remark on Thursday during a reassessment visit to the Theatre Command of Operation Hadin Kai at the 7 Division, Maimalari Cantonment in Maiduguri.

Burkina Faso military accused of killing over 100 civilians by Human Rights Watch

At least 130 civilians were killed by Burkina Faso government forces and allied militia in March near the western town of Solenzo, Human Rights Watch (HRW) says in a new report. It says the “massacre”, following an operation led by Burkinabè special forces, resulted in widespread civilian deaths and displacement of ethnic Fulanis.

Defence minister makes U-turn, says I will participate in N/Assembly summit – Daily Trust

The Minister of Defence, Abubakar Badaru, on Sunday rescinded his earlier position on the proposed national security summit being planned by the members of the National Assembly. Badaru specifically described the proposed summit as “a timely initiative to tackle Nigeria’s growing security concerns”, saying he had thrown his weight behind the proposed two-day event.

Top 5 Facts About the Mahmuda Terrorist Group By Tahir Ahmad – PRNigeria News

Last month, the Mahmuda terrorist group emerged as a dangerous new threat in Nigeria’s security landscape. Operating from the forests surrounding Kainji Lake National Park, Niger State, the group has rapidly escalated violence in Kaiama, Baruten, and Borgu – in Niger and Kwara States -, displacing locals and disrupting the region’s economy. Initially tolerated for providing protection, the group turned hostile after conflicts with local vigilantes and military forces.

Why Sahel cocaine routes were disrupted

Situated at the crossroads of routes linking West and North Africa, the countries of the Sahel have long been bisected by cocaine and cannabis resin trafficking routes, mainly to Europe. 1 Both drug markets are deeply entrenched in the region’s political and security dynamics, meaning they shape – and are shaped by – regional conflict and instability. 2 While cannabis resin is more prominent in terms of volume, this bulletin focuses on cocaine.

Northern Nigerian governors, traditional rulers meet in Kaduna, discuss security, polity

Northern Nigerian political and traditional rulers met in Kaduna on Saturday to discuss the security situation in the region and how they could address their issues without partisan political biases. The joint meeting, which was held at the Sir Kashim Ibrahim House, Kaduna, was chaired by Gombe State Governor, Inuwa Yahaya, who is also the chairman of the Northern Nigeria Governors’ Forum and the Chairman of the Northern States Traditional Rulers’ Council.

ISWAP Overruns Key Borno Sites in Coordinated Assault – HumAngle

A coordinated wave of violence has raged through Borno State in northeastern Nigeria between May 12 and 13, as the Islamic State West Africa Province (ISWAP) launched its most sophisticated assault in recent memory.  The group, wielding advanced drone capabilities and high mobility tactics, attacked military installations, key towns, and vital roadways, reigniting fears over the fragility of Nigeria’s counterinsurgency efforts and the evolving face of terrorism in the Lake Chad Basin.

Boko Haram: Senate Asks Military To Deploy Troops To Borno, Yobe • Channels Television

The resolution followed renewed insurgent attacks in the North-East region, including the killing of over a dozen soldiers in Marte town of the Monguno Local Government Area on Monday, May 12, and a subsequent assault early Tuesday on Gajiram, the headquarters of the Nganzai Local Government Area. In a motion raised by the Senate Chief Whip, Tahir Munguno, lawmakers noted that while two-thirds of the local government areas in Borno were once under Boko Haram control, collaborative efforts between the Nigerian military and civilian joint task force had successfully reclaimed the territories.

The Marte attack in perspective – Yerwa Express News

The Islamic State West Africa Province, ISWAP, has once again overrun a military base in Borno State, just weeks after its attack on the Buni Gari base in Yobe. The attacked base—Forward Operation Base, 153 Battalion, located in Marte Local Government Area—is one of the major military outposts in northern Borno.

The Evasive Funding Channels Sustaining Boko Haram/ISWAP in Nigeria – HumAngle

Beneath the violence that has come to define the Islamic State West Africa Province (ISWAP) lies a highly organised financial ecosystem sustaining their operations. Fuelled by a complex blend of taxation, extortion, smuggling, and ideological justification, the groups have transformed parts of northeastern Nigeria into a conflict-driven economy. For over a decade, terrorists have waged war against Nigeria and its neighbouring countries, displacing millions and wreaking havoc on communities.

Mali dissolves all political parties after opposition figures ‘arrested’ | Politics News | Al Jazeera Mali’s military government has dissolved all political parties after accusations from rights groups that opposition figures have been arrested. Assimi Goita, who seized power in two army coups in 2020 and 2021, validated the decision after it was broadcast to Malians in a televised statement on Tuesday.

BREAKING: Insecurity: CDS to visit Borno – Yerwa Express News

The Nigerian Chief of Defence Staff is visiting Maiduguri, the capital of Borno, today. According to Captain Reuben Kovangiya, the spokesperson for Operation Hadin Kai, the counter-insurgency operation in the North East of Nigeria, the CDS will be accompanied by senior officers from Defence and Services Headquarters.

Russia prepared to provide necessary military assistance to Nigeria – Official — Daily Nigerian

The Minister of Defence of the Russian Federation, Andrey Belousov, has expressed the preparedness of Russia to provide the necessary military assistance to the Armed Forces of Nigeria. Belousov gave the assurance when the Chief of Defence Staff of Nigeria, CDS, Gen. Christopher Musa, paid him a courtesy visit in Moscow. This is contained in a statement by the Director, Defence Information, Brig.-Gen. Tukur Gusau, on Monday in Abuja.

Attacks on army formations: Arms worth trillions of naira in B/Haram’s hands – Rep – Daily Trust

A member of the House of Representatives, Yusuf Gagdi (APC, Plateau), has claimed that over the years, Boko Haram insurgents carted away arms worth trillions of naira in their attacks on military formations in the North East. He stated this in his contribution on Tuesday to a motion by Ahmed Satomi (Borno) on the fire incident at the 127 Battalion armoury in Giwa Barracks and the increasing wave of insurgent attacks on military bases in Borno and Yobe States.

Burkina Faso forces killed 100 civilians in March – HRW | Africanews

At least 100 civilians were killed by Burkina Faso government forces in March near the western town of Solenzo, Human Rights Watch said Monday. According to victim testimony and videos shared on social media gathered by the rights group, the attackers were Burkina Faso special forces and members of a pro-government militia, the Volunteers for the Defense of the Homeland. The victims were all ethnic Fulani, a pastoralist community that is widespread across the region, which the government has long accused of supporting Muslim militants.

No drone is certified to operate in Nigeria – NCAA – Daily Trust

The Nigeria Civil Aviation Authority (NCAA) has declared that despite the large number of Unmanned Aerial Vehicles/Remotely Piloted Aircraft (UAVs/RPAs) otherwise known as drones, none of them is certified by the authority. Daily Trust reports that the NCAA as far back as 2017 developed regulations on drone operations.

Enough is Enough: End Amnesty, Empower the Military to Crush Boko Haram and ISWAP Now – PRNigeria News

The time has come to draw a firm line in Nigeria’s protracted battle against insurgency. With thousands of so-called “repentant” terrorists surrendering, rehabilitated, and reintegrated into society, the recent resurgence of Boko Haram and ISWAP terrorism in the Northeast demands a critical reassessment of the nation’s counter-terrorism approach, especially the controversial amnesty program.

Africa’s youngest leader divides opinion over Russia ties | Africanews

As news emerged this week about hundreds of Burkina Faso citizens killed separately by both jihadi groups and government forces, images of Burkina Faso’s junta leader Capt. Ibrahim Traore were plastered over Russian state media speaking about pan-Africanism and liberating the minds of the continent’s youths. Traore, who was in Moscow for the 80th anniversary of the defeat of Nazi Germany in World War II, is Africa’s youngest leader at 37, a strong appeal for the continent’s young population that is used to much older leaders.

Humanitarian

What Life Could Have Been for Leah Sharibu at 22 – HumAngle

It’s May 14, so she posts a birthday photo on Instagram: a selfie in scrubs after a long hospital shift, or maybe a studio portrait with balloons and a caption: “Grateful for 22.” In the portrait, her hair is curled softly around her face, her gentle smile lighting up the frame. Friends flood the comments section with heart emojis and warm wishes. At home, her mum bakes her favourite cake in white and black; her favourite colours.

A Displaced Nigerian Teenager’s Search for Home and Education – HumAngle

She was just seven years old when they were displaced by the Boko Haram insurgency in Borno State, northeastern Nigeria. Elizabeth Bitrus and her family fled to Taraba State, where they lived in an internally displaced persons (IDP) Camp. That was the first time Elizabeth had to adjust to a home that was not her home. 

Child labour crisis: UN calls for urgent global action | Africanews

The chief of the International Labour Organization (ILO) reported, “We do have 160 million children in child labour, 79 million of whom are in hazardous work.” Today (13 May) the Informal interactive dialogue on ‘Childhood with dignity: Eliminating child labour in all its forms, including forced recruitment and use of children in armed conflict,’ was held at the UNHQ. Addressing the interactive dialogue Gilbert.

S/Arabia Launches Eye Treatment Outreach in Yobe to Combat Blindness – PRNigeria News

The Kingdom of Saudi Arabia, through its humanitarian arm, the King Salman Humanitarian Aid and Relief Center (KSrelief), has launched the “Saudi Noor” ophthalmic volunteer program in Yobe State, Nigeria. The initiative, revealed on Tuesday in Abuja by the Press Attaché Mohammed Al-Sahabi, is scheduled to run from May 12 to 19, 2025, and is aimed at delivering comprehensive eye care services to underserved communities in the northeastern state.

Nigerian farmers struggle as climate change dries up water sources | Africanews

Farmers in Nigeria are finding it increasingly difficult to get enough water for their crops. Riverbeds have started to run dry leading some to have no choice but to pump for groundwater. The finger is pointed firmly at climate change, with conservationists warning that food could become scarce if measures are not urgently put in place to help the farmers irrigate their land. STORYLINE: The ground is cracked and dry – once a lake and a river had been here.

Why I built radio station just for women– Toun Okewale Sonaiya

Toun Okewale Sonaiya, CEO of Women Radio 91.7, is on a mission to amplify women’s voices in a media landscape that often sidelines them. In this interview with PREMIUM TIMES, she shares how her passion for gender equity led her to create Nigeria’s first women-focused radio station—and why she believes storytelling is a powerful tool for change.

400,000 children in Adamawa require nutrition treatment: UNICEF

United Nations Children’s Fund (UNICEF), on Monday, says no fewer than 400,000 children in Adamawa communities require support for nutrition treatment. Its chief of field office in Bauchi, Nuzhat Rafique, stated this in Yola at a two-day workshop on legislative action and commitment to nutrition organised by the Adamawa planning commission with support from UNICEF.

Fire Outbreak Destroys Hundreds of Shelters at IDP Camp in Ngala, Borno State

Afire outbreak erupted at the Internally Displaced Persons (IDP) camp in ISS, Ngala Local Government Area of Borno State on Friday, razing several shelters and affecting hundreds of displaced families. The fire, which started at exactly 3:40 PM, destroyed a significant portion of the camp, including a newly rehabilitated.

73 children rescued from Maiduguri streets as Borno Govt cracks down on drug abuse – Lake Chad Times | Lake Chad Times

Seventy three children aged between 12-15 were rescued from the streets of Maiduguri by the Borno State Government as part of efforts to curb the growing menace of drug abuse and street involvement among young children. The children were found in areas known for youth vulnerability, including Bulabulin Kasuwa and Gwange Kasan Gada.

Senate considers bill to establish malaria eradication agency  – Daily Trust

The Senate on Thursday passed for second reading a bill seeking to establish the National Agency for Malaria Eradication (NAME). The proposed legislation sponsored by Senator Ned Nwoko (APC, Delta North) is titled, “A Bill for an act to establish the National Agency for Malaria Eradication and for Related Matters, 2025.” The World Health Organization (WHO) 2024 report indicates that malaria death toll in Nigeria accounts for over 184,000 out of 600,000 global malaria deaths annually—the highest in the world.

Mobilization and economic development  

What is Sidi Ould Tah’s Vision for the AfDB? | Africanews

As the elections for the presidency of the African Development Bank (AfDB) approach, scheduled for May 29 in Abidjan, one of the notable candidates is Sidi Ould Tah, former Mauritanian minister and former Director General of the Arab Bank for Economic Development in Africa (BADEA). With extensive experience in public finance and development, Ould Tah has presented a vision to strengthen the AfDB’s role in the growth and development of the African continent.

Nigeria completes $3.4 Billion IMF COVID-19 loan repayment, faces ongoing annual charges​ | Africanews

As of April 30, 2025, Nigeria has fully repaid the $3.4 billion emergency funding it received from the International Monetary Fund (IMF) in April 2020 under the Rapid Financing Instrument (RFI). This facility was designed to provide urgent financial assistance to countries facing balance of payments needs, particularly in response to the economic challenges posed by the COVID-19 pandemic and the sharp decline in oil prices.

$200m investments signed at 12th Africa CEO forum – Daily Trust

Investors at the 12th Africa CEO Forum have signed agreements to invest $200m in various sectors in the continent. The Forum, which held in Abidjan, Côte d’Ivoire, saw the presence of more than 2,800 business leaders, investors, and public decision-makers from 90 countries under the theme: “Can a New Public-Private Deal Reshape the Continent’s Future?”

UPDATED: Nigeria’s inflation rate eases in April – NBS

Nigeria’s annual inflation rate eased to 23.71 per cent in April from 24.23 per cent in March 2025, the National Bureau of Statistics (NBS) said on Thursday. The statistics office said the April 2025 headline inflation rate showed a decrease of 0.52 per cent compared to the March 2025 headline inflation rate. On a year-on-year basis, the headline inflation rate was 9.99 per cent lower than the rate recorded in April 2024 (33.69 per cent).

Nigeria committed to harnessing AfCFTA potential for sustainable economic growth – Minister

The Federal Government has reiterated its commitment to harness the potential of the African Continental Free Trade Area (AfCFTA) agreement for inclusive, sustainable economic growth and regional integration. Jumoke Oduwole, Minister of Industry, Trade and Investment, disclosed this on Thursday in Abuja, at a Technical Meeting of Nigeria’s AfCFTA Central Coordination Committee (CCC). Ms Oduwole said the implementation of the AfCFTA agreement was a critical step in achieving President Bola Tinubu’s agenda for diversification and acceleration of economic growth.

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