Category: Nigeria News

  • AFRIMA names Falz and Liliane Maroune as hosts for 9th edition in Lagos

    AFRIMA names Falz and Liliane Maroune as hosts for 9th edition in Lagos

    As reported by The Guardian Nigeria, AFRIMA has unveiled Nigerian rapper/actor Falz and French-Senegalese media personality Liliane Maroune as hosts of the 9th edition of the awards in Lagos.

    Organisers’ choice signals a deliberate blend of pop-culture reach and pan-African appeal—pairing a Nigerian headline act with a francophone media figure to widen audience reach.

    The announcement reinforces Lagos’ positioning as an African entertainment hub, with awards week typically driving tourism, creative-economy spending, and media visibility.

    Beyond hosting, expectations now shift to nominee lists, performance lineups, and sponsor activation as the event window approaches.

    Punch also confirmed the hosts were “officially unveiled” for the ninth edition. AFRIMA’s official handle likewise announced it had “unveiled its hosts for the 9th Edition.”

    Echotitbits take: Hosting is a branding decision. Watch for lineup reveals, sponsor activation, and whether production quality matches the “global broadcast” promise—AFRIMA’s credibility rises when staging, sound, and timing are world-class.

    Source: The Guardian – https://guardian.ng/art/afrima-unveils-falz-liliane-maroune-as-hosts-of-9th-edition/ January 7, 2026
    The Guardian Nigeria January 7, 2026

    Photo Credit: The Guardian Nigeria

  • Enugu sets N870bn IGR target for 2026 as agencies are told to ramp up collections

    Enugu sets N870bn IGR target for 2026 as agencies are told to ramp up collections

    In a report by ThisDay, Enugu Governor Peter Mbah set an N870 billion internally generated revenue target for 2026, urging MDAs to intensify revenue mobilisation amid global uncertainty.

    The target is positioned as a core funding pillar for the state’s programme, implying stronger compliance drives, more automation, and broader clarity on what qualifies as collectible revenue.

    The funding mix also points to the continuing role of FAAC allocations and capital receipts, but with IGR expected to carry a heavier share of budget ambition.

    If pursued aggressively, the tension will be balancing expansion of the tax net with maintaining a business-friendly environment that doesn’t choke SMEs and investment.

    The Guardian noted the governor’s funding mix includes “N870 billion IGR” alongside other streams, while The Sun also reported the same direction around the N870bn target tied to the 2026 budget framework.

    Echotitbits take: Enugu’s ambition is plausible only with digitised collections, fewer leakages, and clearer taxpayer services. Watch reforms in land administration, transport levies, and business licensing—the fastest IGR accelerators and the most abused if not controlled.

    Source: The Punch – https://punchng.com/mbah-urges-agencies-to-boost-revenue-meet-budget-target/ January 7, 2026
    The Punch  January 7, 2026

    Photo Credit: The Punch

  • Troops arrest eight suspects tied to Gamboru market mosque suicide bombing network

    Troops arrest eight suspects tied to Gamboru market mosque suicide bombing network

    According to ThisDay, troops of Operation Hadin Kai arrested eight suspected terrorists linked to the suicide bombing at the Gamboru market mosque, describing the suspects as part of the network behind the attack.

    The report says two of those held are described as key facilitators, with the arrests following weeks of intelligence work and surveillance that led to targeted operations.

    Recovered items listed include cash, phones, IDs, ATM cards, and jewelry, with forensic examination expected to support ongoing investigations.

    The military says the suspects remain in custody for interrogation and intelligence extraction, with eventual handover for further investigation.

    BusinessDay also reported the Army “dismantled [a] suicide bombing network” tied to the Gamboru incident. Leadership echoed the same development, reporting troops “arrest 8 terrorists linked to Gamboru market mosque suicide bombing.”

    Echotitbits take: The key is prosecution quality. Track whether suspects are arraigned publicly and whether evidence handling and inter-agency coordination hold up in court.

    Source: ThisDayLive – https://www.thisdaylive.com/2026/01/07/troops-arrest-eight-terrorists-linked-to-gamboru-market-mosque-suicide-bombing/  January 7, 2026
    ThisDayLive January 7, 2026

    Photo Credit: ThisDayLive

  • Sokoto begins strict enforcement of monthly tax filing with penalties for defaulters

    Sokoto begins strict enforcement of monthly tax filing with penalties for defaulters

    Figures cited by Punch show Sokoto State’s revenue service is pushing full compliance on monthly tax filings for taxable persons starting January 2026, warning that penalties will apply for non-compliance.

    The policy is positioned as a compliance reset—bringing more individuals and businesses into regular filing, tightening documentation, and strengthening the state’s ability to plan and enforce revenue rules.

    The enforcement angle extends to public contracting, where tax registration is expected to become a more visible compliance gate for suppliers.

    For SMEs and informal operators, the practical issue is capacity: monthly filing needs simple processes and predictable treatment to avoid turning compliance into harassment.

    Punch also highlighted an enforcement detail that statutory bodies or companies awarding contracts to unregistered persons risk a “₦5 million” penalty. Another Punch recap echoed the state IRS announced “full enforcement of compulsory monthly tax filings.”

    Echotitbits take: This succeeds only if enforcement is paired with ease—online filing, helpdesks, clear templates, and dispute resolution. Watch whether the net broadens or the pressure just shifts to already-compliant taxpayers.

    Source: Punch – https://punchng.com/sokoto-irs-begins-enforcement-of-compulsory-monthly-tax-filings/  January 7, 2026
    Punch January 7, 2026

    Photo Credit: Punch Newspapers

  • Army chief vows to contain terrorism as calls grow for state policing and forest guards

    Army chief vows to contain terrorism as calls grow for state policing and forest guards

    In an update published by The Guardian Nigeria, the Chief of Army Staff, Lt.-Gen. Waidi Shaibu, says the Army is committed to containing the terror threat while reviewing doctrine and training for 2026 operations.

    The remarks were delivered around the Army’s doctrine and training conference, framed as an annual reset to adapt to a more complex security environment.

    Alongside the military messaging, a public-policy think tank urged deeper reforms, arguing lasting results require reclaiming ungoverned spaces through state policing and institutional forest guards.

    The broader signal is that Abuja’s security conversation is moving beyond deployments to governance design—who polices what, how forests are secured, and how accountability is shared.

    Vanguard separately reported the COAS “promises enhanced security” during engagements in Niger State. ThisDay also carried the operational push, reporting the Army would “deploy more troops… to crush terrorist attacks.”

    Echotitbits take: The test is coordination—intelligence fusion, forest control, and prosecution pipelines. Watch whether state-level security structures gain clear legal backing or remain ad-hoc.

    Source: Punch – https://punchng.com/army-will-curb-terrorists-attacks-in-niger-nationwide-coas/ January 7, 2026
    Punch Nigeria January 7, 2026

    Photo Credit: Punch

  • CBN projects faster growth and stronger reserves in 2026 as inflation eases

    CBN projects faster growth and stronger reserves in 2026 as inflation eases

    According to Premium Times, the CBN’s 2026 macro outlook projects faster economic expansion alongside further inflation moderation and stronger external buffers.

    The baseline assumes reform momentum continues—supporting business confidence, improving FX market credibility, and lifting investment planning if volatility stays contained.

    On prices, the outlook points to headline inflation easing further in 2026 as food and energy pressures cool and supply conditions improve, though risks remain from oil-output shocks and fiscal slippages.

    CBN also sketches a fiscal picture that still requires revenue reforms and expenditure discipline to avoid renewed macro stress.

    Vanguard reported the central bank forecast includes “a 4.49 per cent growth in GDP” and external reserves rising to “$51.04 billion.” Leadership similarly highlighted that CBN “forecasts $51bn external reserves in 2026.”

    Echotitbits take: This is cautious optimism, not a victory lap. Watch oil output, FX liquidity, and whether fiscal discipline holds—those will decide if the forecast becomes reality.

    Source: Premium Times – https://www.premiumtimesng.com/news/top-news/846528-nigerian-economy-expected-to-grow-4-49-in-2026-inflation-to-ease-cbn.html December 30, 2025
    Premium Times December 30, 2025

    Photo Credit: Premium Times

  • CBN warns bank recapitalisation could crowd out other capital-market fundraising

    CBN warns bank recapitalisation could crowd out other capital-market fundraising

    Reporting by Punch indicates the Central Bank of Nigeria (CBN) is warning that the ongoing bank recapitalisation drive could tilt capital-market funding even more heavily toward banks, leaving other issuers struggling to attract investor attention.

    The concern is not that recapitalisation is unnecessary, but that liquidity could become concentrated in bank equity and related offers if multiple large fundraises hit the market around the same time.

    CBN’s outlook describes a generally bullish capital-market tone, but stresses that momentum can become fragile when one sector dominates deal flow, raising concentration risk.

    For corporates outside banking, the implication is tougher pricing and slower book-building if banks keep taking the front seat through 2026.

    Elsewhere, ThisDay quoted the apex bank warning the market could face “higher concentration risk” and that recapitalisation may “crowd-out other issuers.” Premium Times also noted the central bank’s caution that rising non-performing loans and concentration risks could weigh on growth outcomes.

    Echotitbits take: The sequencing of bank offers will matter. If multiple tier-1s fundraise in the same quarter, expect wider discounts and weaker demand for non-bank IPOs and bonds. Timing discipline and a deeper investor base are the pressure valves.

    Source: BusinessDay – https://businessday.ng/companies/article/cbn-sees-capital-market-extending-bullish-streak-on-bank-recapitalisation/ January 7, 2026
    BusinessDay  January 7, 2026

    Photo Credit: BusinessDay

  • US Expands Entry Restrictions: What Nigeria’s New Partial Limits Mean for Your Visa Plans

    US Expands Entry Restrictions: What Nigeria’s New Partial Limits Mean for Your Visa Plans

    Photo Credit : Andrew Caballero-Reynolds / AFP via Getty Images through NBC News
    2025-12-17 09:00:00

    In a new U.S. presidential proclamation aimed at strengthening national security, Washington says it is expanding entry restrictions for nationals of countries it believes have persistent gaps in screening, vetting, and information-sharing. The policy is presented as a data-driven move to reduce public-safety risks and to push foreign governments to improve cooperation with U.S. immigration and law-enforcement requirements.

    The proclamation keeps full entry restrictions on nationals from 12 previously listed countries and adds five more to that “full restriction” category, while also tightening limits for some travel documents and updating partial restrictions for other nations. The U.S. says key concerns include unreliable civil or criminal records, poor birth registration, limited information-sharing, high overstay rates, and in some cases instability and extremist activity that complicate background checks.

    For Nigerians, the most important update is that Nigeria is included among countries facing partial restrictions—particularly affecting immigrants and nonimmigrants in common visitor and education-related categories (such as B-1/B-2 and F/M/J). In the text outlining the decision, Nigeria is linked to security challenges in parts of the country and to overstay-rate figures cited for certain visa classes.

    On the ground, partial restrictions can translate into tougher scrutiny, slower processing, and more unpredictable outcomes for students, exchange visitors, tourists, business travelers, and families planning trips. Nigerians with legitimate travel plans may need stronger documentation, clearer ties to home, and more careful compliance—while employers, schools, and diaspora networks could see knock-on effects through delayed mobility for study, work, medical trips, and business engagements.

    Echotitbits analysis: Nigeria’s inclusion reads as both a security narrative and a systems test: identity management, document integrity, and cross-border data cooperation. For citizens, the safest short-term move is to keep applications “clean”—consistent records, credible documentation, and strict visa compliance. For policymakers, the fastest way to reduce the stigma is measurable improvements in civil registration, anti-fraud enforcement, and cooperation that produces verifiable results.

    Source: U.S. Presidential Proclamation -https://www.whitehouse.gov/presidential-actions/2025/06/restricting-the-entry-of-foreign-nationals-to-protect-the-united-states-from-foreign-terrorists-and-other-national-security-and-public-safety-threats/