Moody’s Investors Service has upgraded Nigeria’s long-term issuer ratings from Caa1 to B3, assigning a stable outlook—its second positive action on the country’s credit profile in under a year. The upgrade reflects growing confidence in Nigeria’s economic direction under President Bola Ahmed Tinubu’s administration. The Federal Government hailed the decision as further validation of its reform-driven efforts to stabilize the economy and attract investment. Moody’s cited notable improvements in Nigeria’s fiscal and external positions, supported by policy shifts since President Tinubu took office in May 2023. Key reforms include a more flexible foreign exchange regime, removal of fuel subsidies, tax…
Author: Naija Daily News
At least 20 athletes from the Kano State contingent lost their lives in a devastating accident on Saturday while returning from the recently concluded National Sports Festival held in Abeokuta, Ogun State. The tragic crash occurred at the Dakatsalle Bridge in the Kura Local Government Area of Kano State. The bus, carrying 30 members of the team, reportedly veered off the bridge, resulting in multiple fatalities and serious injuries. Umar Fagge, Chairman of the Kano State Sports Commission, confirmed the heartbreaking event. “As I speak to you, we have counted 19 dead bodies,” he said, adding that several others had…
By Deborah Nnamdi The Anambra State Police Command has dismantled a drug trafficking syndicate in the Isuaniocha community, located in Awka North Local Government Area, apprehending six suspects, including a female, and seizing a significant quantity of illicit substances. According to a press statement made available to newsmen in Awka on Saturday, Police Public Relations Officer Tochukwu Ikenga said the operation was carried out by operatives from the Special Cultism Squad, Obosi Sector, acting on credible intelligence in the early hours of Friday. Commissioner of Police Ikioye Orutugu expressed concern over the increasing rate of drug use among youths, emphasizing…
By Deborah Nnamdi Operatives from the Federal Capital Territory (FCT) Police Command on Saturday thwarted an attempted case of child trafficking, arresting four suspects—including a church General Overseer. The arrests were prompted by a distress call received around 2:00 a.m. from staff at Wazobia Motor Park in Gwagwalada, who reported a man behaving suspiciously while trying to travel with a young boy. According to a statement by the command’s spokesperson, Josephine Adeh, the police emergency response team acted swiftly, apprehending one Isreal Ajah as he attempted to board a vehicle headed to Owerri, Imo State, with a seven-year-old boy identified…
By Deborah Nnamdi The death toll from the flooding in Mokwa, Niger State, has climbed to 151, with 11 individuals reported to have sustained varying degrees of injuries. According to Hussaini Ibrahim, the Public Relations Officer of the Niger State Emergency Management Agency (NSEMA), several bodies were recovered in Mokwa town following the heavy downpour, while others were found in the nearby Rabba Community. “Some bodies were recovered from the debris of collapsed homes,” Husseini said, adding that his teams would need excavators to retrieve corpses. He noted that many individuals were still unaccounted for, highlighting a tragic case where…
By Deborah Nnamdi The Federal Government is redirecting its priorities from military hardware to agricultural tools in a strategic effort to strengthen food security. This includes replacing armored tanks with tractors and machine guns with milking machines, according to the Minister of Livestock Development, Dr. Abubakar Maiha. Dr. Maiha made this known during the signing of a Memorandum of Understanding (MoU) between the National Counter Terrorism Centre – Office of the National Security Adviser (NCTC-ONSA) and the International Institute for Tropical Agriculture (IITA) on Friday in Abuja. He said the initiative aims to modernize the livestock sector and boost food…
By Deborah Nnamdi All passengers aboard an 18-seater bus narrowly escaped death on Friday, May 30, 2025, when the vehicle was engulfed in flames in the Ikwerre Local Government Area of Rivers State. Eyewitnesses told our correspondent that the fully loaded bus was en route from Owerri, Imo State, to Port Harcourt, Rivers State, when it suddenly caught fire mid-transit. According to reports, the fire erupted abruptly and spread rapidly, prompting all occupants—including the driver and conductor—to leap out of the burning vehicle. Having managed to reach safety, the passengers watched helplessly as the blaze consumed the bus completely. Many…
By Deborah Nnamdi with Agency Report The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has announced that comprehensive reforms are set to be implemented in the FCT transportation sector, aimed at enhancing both safety and passenger comfort. Wike made this known on Friday in Abuja following an inspection of the newly completed Kugbo and Mabushi Bus and Taxi Terminals. The terminals are being prepared for inauguration as part of the celebrations marking President Bola Tinubu’s second year in office. The minister also visited the completed access road to the Giri District, which is similarly set for commissioning.…
By Deborah Nnamdi with Agency Report The Federal Government has unveiled an ambitious plan to train at least five million Nigerian youths in practical, industry-relevant, and income-generating skills over the next few years. Minister of Education, Dr. Tunji Alausa, made the announcement during the official launch of the Technical and Vocational Education and Training (TVET) Initiative in Abuja on Friday. Alausa revealed that the TVET application portal opens today (Friday), giving young Nigerians the opportunity to enrol for free training in high-demand fields such as coding, cloud computing, and data analytics. “This isn’t a projection—it’s a mission supported by strategic…
By Deborah Nnamdi The Independent National Electoral Commission (INEC) has scheduled the Ekiti and Osun State governorship elections for June 20 and August 8, 2026, respectively. This announcement was made by INEC Chairman, Prof. Mahmood Yakubu, during the swearing-in and deployment ceremony of six newly appointed Resident Electoral Commissioners held on Friday at the Commission’s headquarters in Abuja. According to Prof. Yakubu, the Commission approved the election timetable and schedule of activities in accordance with legal provisions. He emphasized that, by law, INEC is required to publish notices for major elections no later than 360 days before the scheduled date.…