nigeria wins $2.35bn Mambilla Arbitration

Nigeria Wins $2.35bn Mambilla Arbitration as 1,500MW Power Project Gets Fresh Lifeline

Nigeria has secured a major legal victory in the long-running dispute over the Mambilla Hydroelectric Power Project, after an International Chamber of Commerce arbitration tribunal in Paris rejected a $2.35 billion claim brought by Sunrise Power and Transmission Company. The ruling, issued on September 17, also rejected a separate $400 million claim linked to a…

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2027 presidential election

2027 Presidential Election: Meet All 18 Candidates on Nigeria’s Final INEC List

Nigeria’s 2027 presidential election now has a defined field. The Independent National Electoral Commission has published its final list of 18 presidential candidates and their running mates for the January 16, 2027 election. The list covers 18 political parties and includes President Bola Tinubu, former Vice President Atiku Abubakar, former Anambra State Governor Peter Obi,…

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tems born in the wild

Tems’ Born In The Wild Hits 1 Billion Spotify Streams, Joins Ayra Starr in Nigerian Female Album Milestone

Tems’ Born In The Wild has reached 1 billion Spotify streams, putting the Nigerian singer’s debut album in a major group of Nigerian projects to cross the milestone. The achievement comes more than two years after the album was released in June 2024. Streaming data had shown the project steadily climbing from 800 million streams…

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nigeria joins red sea defence alliance

Nigeria Joins Red Sea Defence Alliance as African States Back New Maritime Security Plan

Nigeria and several African countries have joined a new Red Sea Defence Alliance aimed at protecting commercial shipping and freedom of navigation around one of the world’s most important maritime corridors. The Saudi-led Multinational Maritime Defence Alliance brings together 14 countries, including Nigeria, Egypt, Sudan, Djibouti, Somalia and Comoros, alongside Saudi Arabia, Türkiye, Pakistan, Jordan,…

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nigeria south africa tensions

Nigeria-South Africa Tensions Grow as Parliament Halts Visits While Lagos Traders Challenge Chinese Retailers

Nigeria’s relationship with South Africa is facing renewed pressure as the National Assembly suspends official legislative engagements with the country, while Nigerian traders in Lagos are protesting the growing presence of Chinese businesses in retail markets. The two developments are separate, but they point to a wider concern around how Nigerians respond when foreign nationals…

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nigeria returns to jpmorgan

Nigeria Returns to JPMorgan Bond Index After 11 Years, Opening Door to Fresh Foreign Capital

Nigeria has returned to a JPMorgan emerging markets bond index after an 11-year absence, giving the country’s local-currency government bonds renewed exposure to international investors. The development is more than a new line on a global investment benchmark. It marks a reversal of the conditions that pushed Nigeria out of JPMorgan’s earlier index in 2015…

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