Nigerian President Bola Tinubu has expressed grave concern over the rising tide of terrorism and banditry, which he sees as major threats to the country's development. While he remains confident that Nigeria will overcome these challenges, the ongoing security issues continue to disrupt daily life and hinder progress.
Thursday, February 19, 2026
Nigeria’s President Tinubu warns terrorist activities are threats to development
Nigerian President Bola Tinubu has expressed grave concern over the rising tide of terrorism and banditry, which he sees as major threats to the country's development. While he remains confident that Nigeria will overcome these challenges, the ongoing security issues continue to disrupt daily life and hinder progress.
Dangote cement makes history as first to list commercial papers on Nigerian exchange NGX
Dangote Cement Plc has become the first company to list Commercial Papers (CPs) on Nigerian Exchange Limited (NGX), marking a structural shift in Nigeria’s short-term debt market.
The listing follows NGX’s introduction of a Commercial Paper window on December 3, 2025, after receiving approval from the Securities and Exchange Commission (SEC), expanding the Exchange’s product suite and deepening Nigeria’s domestic debt capital market.
Details of the Issuance
According to BusinessDay, Dangote Cement’s Series 1 and Series 2 Commercial Papers were admitted under its N500 billion Commercial Paper Issuance Programme.
The N19.95 billion Series 1 CP has a tenor of 181 days and will mature on May 20, 2026. The N99.92 billion Series 2 CP carries a tenor of 265 days and is scheduled to mature on August 12, 2026.
Both instruments were issued at a discount and will be redeemed at par value of N1,000 upon maturity. Series 1 and Series 2 offered implied yields of 17.50 percent and 19 percent, respectively.
David Adonri, Vice Chairman of Highcap Securities Limited, described the development as a milestone for the domestic debt market. “Dangote Cement’s Commercial Paper listing on NGX signals growing sophistication in Nigeria’s short-term debt market. The attractive yields of these instruments highlight strong investor appetite for high-quality, short-tenor corporate debt, and provide a benchmark for future issuances,” he said.
NGX’s Strategic Expansion
Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group, said the launch aligns with the Exchange’s broader strategy to strengthen capital formation.
“The introduction of Commercial Paper listings is a pivotal step in our strategy to position NGX as a comprehensive capital-markets infrastructure that accelerates capital formation across Africa,” Popoola said.
“As we continue strengthening the foundations of a transparent, technology-driven and inclusive marketplace, our focus remains on building a system that supports sustainable growth, enhances market resilience and unlocks new opportunities for the broader economy.”
Commercial Papers are unsecured short-term debt instruments used by corporates to finance working capital and immediate funding needs. Historically, Nigeria’s CP market has operated largely over-the-counter, limiting transparency and secondary market liquidity.
By admitting CPs to trading, NGX introduces greater visibility, structured price discovery and improved tradability for short-term instruments.
How Nigeria Compares Across Africa
While Commercial Paper markets are established in several African economies, Nigeria’s move formalises a segment that had largely operated outside exchange visibility.
South Africa operates one of the continent’s most mature CP markets, with active issuance among banks and corporates.
Kenya also maintains a robust short-term debt market under the Capital Markets Authority, with regular CP issuances by financial institutions and major corporates.
Morocco and Egypt similarly support structured corporate short-term instruments.
Within West Africa, short-term corporate instruments are available through the BRVM regional exchange, covering markets such as Ivory Coast and Senegal, though with comparatively lower liquidity.
Nigeria’s development narrows the structural gap between its market and those of more advanced African economies.
Implications for Issuers and Investors
The listing comes amid elevated interest rates and tighter credit conditions, prompting corporates to seek flexible funding options.
Short-tenor instruments such as CPs offer quicker access to liquidity, while investors benefit from competitive yields relative to traditional fixed-income products.
Dangote Cement’s transaction reinforces NGX’s ambition to position itself as a full-spectrum capital-raising platform, supporting funding across equities, bonds and short-term instruments.
By Olamilekan Okebiorun, Business Insider Africa
Related story: Aliko Dangote calls for emergency power summit as blackouts threaten Nigeria’s $500bn economy
Toxic gas leak at mine in Nigeria kills at least 37 miners
At least 37 miners have died in a suspected carbon-monoxide leak at a lead and zinc mine in central Nigeria's Plateau state, witnesses have told the BBC.
The tragedy is believed to have happened just before sunrise at a site outside the town of Wase run by the mining company Solid Unity Nigeria Ltd.
Toxic gas is believed to have built up underground in poorly ventilated tunnels, causing the workers to collapse just before the end of their night shift.
They were discovered by those reporting to work in the morning - more than 20 other miners were rescued and rushed to hospital for treatment.
Security personnel have sealed off the mine, which is about 200km (124 miles) south-east of the state capital of Jos, as investigations get under way to find out the cause of the leak.
State officials are yet to visit the area and response efforts have reportedly been slow because of security concerns - armed criminal gangs, known locally as bandits, have been active there in recent years.
The Nigerian government has suspended mining licences in the affected area and ordered an investigation, vowing to release further details in due course.
Safiyanu Haruna, one of the miners who found the bodies at the start of his shift, told the BBC that some of the miners who were underground survived and were taken to a hospital in Wase for treatment.
According to Haruna, the incident occurred at around 06:30 local time (05:30 GMT) killing 37 miners.
He said the miners had just finished performing their early morning Muslim prayers and had returned underground to finish their shift.
The Plateau state government has issued a statement saying that according to its preliminary investigation 37 miners were killed in a blast at the mine - but workers at the scene say this is not the case.
"It was carbon-monoxide gas that leaked and killed them," Haruna said.
"There was no rescue for them at the time because those who were coming for the morning shift had yet to arrive," he said.
"It is sad to lose 37 miners who were struggling to make ends meet. We're disturbed by the incident."
The victims, believed to be men aged between 20 and 40, were buried shortly afterwards in accordance with local tradition, another local resident told the BBC.
The news has devastated the mainly Muslim community.
Mining disasters occur relatively frequently in Nigeria.
Less than two years ago, dozens of gold miners died after being trapped underground when a pit collapsed in neighbouring Niger state.
Officials believe that incident was caused by torrential rains which had softened the soil.
The tragedy is likely to renew concerns over safety standards in Nigeria's mining sector.
By Mansur Abubakar, BBC
The tragedy is believed to have happened just before sunrise at a site outside the town of Wase run by the mining company Solid Unity Nigeria Ltd.
Toxic gas is believed to have built up underground in poorly ventilated tunnels, causing the workers to collapse just before the end of their night shift.
They were discovered by those reporting to work in the morning - more than 20 other miners were rescued and rushed to hospital for treatment.
Security personnel have sealed off the mine, which is about 200km (124 miles) south-east of the state capital of Jos, as investigations get under way to find out the cause of the leak.
State officials are yet to visit the area and response efforts have reportedly been slow because of security concerns - armed criminal gangs, known locally as bandits, have been active there in recent years.
The Nigerian government has suspended mining licences in the affected area and ordered an investigation, vowing to release further details in due course.
Safiyanu Haruna, one of the miners who found the bodies at the start of his shift, told the BBC that some of the miners who were underground survived and were taken to a hospital in Wase for treatment.
According to Haruna, the incident occurred at around 06:30 local time (05:30 GMT) killing 37 miners.
He said the miners had just finished performing their early morning Muslim prayers and had returned underground to finish their shift.
The Plateau state government has issued a statement saying that according to its preliminary investigation 37 miners were killed in a blast at the mine - but workers at the scene say this is not the case.
"It was carbon-monoxide gas that leaked and killed them," Haruna said.
"There was no rescue for them at the time because those who were coming for the morning shift had yet to arrive," he said.
"It is sad to lose 37 miners who were struggling to make ends meet. We're disturbed by the incident."
The victims, believed to be men aged between 20 and 40, were buried shortly afterwards in accordance with local tradition, another local resident told the BBC.
The news has devastated the mainly Muslim community.
Mining disasters occur relatively frequently in Nigeria.
Less than two years ago, dozens of gold miners died after being trapped underground when a pit collapsed in neighbouring Niger state.
Officials believe that incident was caused by torrential rains which had softened the soil.
The tragedy is likely to renew concerns over safety standards in Nigeria's mining sector.
Wednesday, February 18, 2026
Nigerian Muslims look to Ramadan for peace after US strikes target militants in Sokoto
As Ramadan begins in Nigeria's northern Sokoto State, residents in this largely peaceful area express hope that the holy month will bring calm and reconciliation following recent US airstrikes targeting suspected Islamist militant hideouts. Authorities said the strikes precisely targeted enclave threats, but locals emphasize community stability and pray for de-escalation amid broader regional security concerns.
Nigeria’s $150m Suit Against Google, GoDaddy.com Adjourns
The Federal High Court in Abuja, on Tuesday, adjourned the 150 million dollars suit filed by a Nigerian, Chianugo Peter, against Google LLC and GoDaddy.com LLC until April 22 for hearing.
The case, which was before Justice Obiora Egwuatu, could not proceed due to the judge’s absence in today’s proceedings.
Although Peter’s lawyer, Emmanuel Ekpenyong, and Mark Mordi, who is counsel to Google LLC, were in court, Justice Egwuatu was said to be in another official assignment.
The matter was consequently fixed for April 22 for hearing.
Peter had filed the suit over allegations bordering on the shutdown of his YouTubeAudio.com domain name after eight years of promotional and marketing efforts in breach of the contract.
Peter, through his lawyer, named GoDaddy.Com LLC and Google LLC as the 1st and 2nd defendants in the suit filed on April 14, 2023 and marked: FHC/ABJ/CS/238/2023.
In his earlier originating summons filed by Ekpenyong of the law firm of Fred-Young & Evans LP, the Nigerian sought a $150 million in compensation from Google LLC and GoDaddy.com LLC for the alleged cyberspace contract breach.
The plaintiff alleged that the defendants shut down his domain and business name: YouTubeAudio.com and transferred the rights over the name to Google LLC, an American multinational technology company.
Google LLC, in its initial statement of defence dated Nov. 9, 2023, and filed Nov. 10, 2023, by its lawyer, Mr Mordi, SAN, of the law firm of Aluko & Oyebode, urged the court to dismiss Peter’s suit as being unmeritorious and lacking in merits.
Justice Egwuatu had, in April 2024, gave the plaintiff go-ahead to amend his originating processes after his lawyer moved the application for same and it was not opposed by the defence counsel.
In his amended statement of claim dated April 29, 2024, Peter sought ten reliefs.
He sought a declaration that GoDaddy.com was wrong to shut down the YouTubeAudio.com domain name on Dec. 7, 2022 and that Google was wrong to remove “YTAudio” with its website youtubeaudio.com from its Google PlayStore on Dec. 25, 2023 without adequate compensation to him.
He said this is notwithstanding that YouTubeAudio.com domain and business name is different and distinct from YouTube trademarks.
He wants the court to declare that he is entitled to compensation from the defendants for the loss of the YouTubeAudio.com brand and goodwill which has accrued on the brand and domain name for eight years of promotional and marketing works from July 2, 2015 to Dec. 7, 2022.
He sought an order directing the defendants to pay the sum of $50 million to him for promotional and marketing works on the YouTube Audio business name and YouTube Audio.com domain name for eight years from July 2, 2015 to Dec. 7, 2022.
He sought a $100 million in damages for loss of anticipated profits associated with the brand equity and goodwill of YouTube Audio and YouTube Audio.com domain name.
Peter also sought from the defendants the sum of 50 million naira to enable him to carry out fresh registrations of its new name and secure an alternative domain name to host its application to attract users.
The Nigerian sought an order directing the defendants to pay the sum of 10 million naira to him for prosecution of the suit.
Alternatively, Peter prayed the court for an order for GoDaddy.com to reinstate and hoist the YouTubeAudio.com domain name which was shut down on Dec. 7, 2022 and for Goggle to also reinstate YouTubeAudio.com on its Google PlayStore platform which was unilaterally removed on Dec. 25, 2023.
He submitted that he acquired rights over YouTubeAudio.com domain name from Go Daddy.com LLC who conducted a search before confirming that he could make use of the name.
The plaintiff averred that he promoted the domain and business name from 2014 to 2022 and even wrote to Google to introduce YouTubeAudio’s services and to partner with it in 2014 and 2021 but received no response from it on both occasions.
He said in February 2021, he applied for and YouTubeAudio.com was registered on Google Adsense platform for displaying advertisements on the website.
Besides, Peter said in August 2021, the domain and business name was registered on Google Playstore.
According to him, the plaintiff consistently paid GoDaddy.com LLC for registration and use of the domain name from 2015 to 2022.
But Google LLC, in its amended statement of defence and counterclaim dated and filed May 31, 2024, averred that its registration of the YOUTUBE trademarks at the Trademarks Registry gives it the exclusive right to the use of the said trademarks.
It submitted that it has incurred expenses in the sum of 24,040 64 dollars in dealing with Peter’s “deliberate infringement of the counterclaimant’s YOUTUBE trademarks.”
The company, therefore, sought a declaration that Peter’s registration and use of the YouTubeAudio business name with BN 2395035 at the CAC is an infringement of its YOUTUBE registered trademarks.
It prayed the court for an order directing Peter to pay the company the total sum of $24,040.64, being the expenses incurred in dealing with his infringement of the YOUTUBE registered trademarks.
It equally sought an order directing the plaintiff to pay the company the cost of defending the suit.
In his amended reply to Google’s amended statement of defence dated 12th July 2024, Peter responded that it is not in doubt that Google LLC owns YouTube trademarks; however, YouTubeAudio is distinct and different from YouTube trademarks.
He submitted that Google LLC, being a foremost search engine in the world, knew that he had earlier written to it, that he was making use of the YouTubeAudio domain name for the past eight years without any objection or caveat by either GoDaddy.com or Google.
“Hence, Google LLC is estopped from claiming any right over the YouTubeAudio domain name,” he said. GoDaddy.com LLC had neither filed any process nor represented in court Nigeria’s Air Cargo Reforms Crucial for AfCFTA Gains-Centre.
The case, which was before Justice Obiora Egwuatu, could not proceed due to the judge’s absence in today’s proceedings.
Although Peter’s lawyer, Emmanuel Ekpenyong, and Mark Mordi, who is counsel to Google LLC, were in court, Justice Egwuatu was said to be in another official assignment.
The matter was consequently fixed for April 22 for hearing.
Peter had filed the suit over allegations bordering on the shutdown of his YouTubeAudio.com domain name after eight years of promotional and marketing efforts in breach of the contract.
Peter, through his lawyer, named GoDaddy.Com LLC and Google LLC as the 1st and 2nd defendants in the suit filed on April 14, 2023 and marked: FHC/ABJ/CS/238/2023.
In his earlier originating summons filed by Ekpenyong of the law firm of Fred-Young & Evans LP, the Nigerian sought a $150 million in compensation from Google LLC and GoDaddy.com LLC for the alleged cyberspace contract breach.
The plaintiff alleged that the defendants shut down his domain and business name: YouTubeAudio.com and transferred the rights over the name to Google LLC, an American multinational technology company.
Google LLC, in its initial statement of defence dated Nov. 9, 2023, and filed Nov. 10, 2023, by its lawyer, Mr Mordi, SAN, of the law firm of Aluko & Oyebode, urged the court to dismiss Peter’s suit as being unmeritorious and lacking in merits.
Justice Egwuatu had, in April 2024, gave the plaintiff go-ahead to amend his originating processes after his lawyer moved the application for same and it was not opposed by the defence counsel.
In his amended statement of claim dated April 29, 2024, Peter sought ten reliefs.
He sought a declaration that GoDaddy.com was wrong to shut down the YouTubeAudio.com domain name on Dec. 7, 2022 and that Google was wrong to remove “YTAudio” with its website youtubeaudio.com from its Google PlayStore on Dec. 25, 2023 without adequate compensation to him.
He said this is notwithstanding that YouTubeAudio.com domain and business name is different and distinct from YouTube trademarks.
He wants the court to declare that he is entitled to compensation from the defendants for the loss of the YouTubeAudio.com brand and goodwill which has accrued on the brand and domain name for eight years of promotional and marketing works from July 2, 2015 to Dec. 7, 2022.
He sought an order directing the defendants to pay the sum of $50 million to him for promotional and marketing works on the YouTube Audio business name and YouTube Audio.com domain name for eight years from July 2, 2015 to Dec. 7, 2022.
He sought a $100 million in damages for loss of anticipated profits associated with the brand equity and goodwill of YouTube Audio and YouTube Audio.com domain name.
Peter also sought from the defendants the sum of 50 million naira to enable him to carry out fresh registrations of its new name and secure an alternative domain name to host its application to attract users.
The Nigerian sought an order directing the defendants to pay the sum of 10 million naira to him for prosecution of the suit.
Alternatively, Peter prayed the court for an order for GoDaddy.com to reinstate and hoist the YouTubeAudio.com domain name which was shut down on Dec. 7, 2022 and for Goggle to also reinstate YouTubeAudio.com on its Google PlayStore platform which was unilaterally removed on Dec. 25, 2023.
He submitted that he acquired rights over YouTubeAudio.com domain name from Go Daddy.com LLC who conducted a search before confirming that he could make use of the name.
The plaintiff averred that he promoted the domain and business name from 2014 to 2022 and even wrote to Google to introduce YouTubeAudio’s services and to partner with it in 2014 and 2021 but received no response from it on both occasions.
He said in February 2021, he applied for and YouTubeAudio.com was registered on Google Adsense platform for displaying advertisements on the website.
Besides, Peter said in August 2021, the domain and business name was registered on Google Playstore.
According to him, the plaintiff consistently paid GoDaddy.com LLC for registration and use of the domain name from 2015 to 2022.
But Google LLC, in its amended statement of defence and counterclaim dated and filed May 31, 2024, averred that its registration of the YOUTUBE trademarks at the Trademarks Registry gives it the exclusive right to the use of the said trademarks.
It submitted that it has incurred expenses in the sum of 24,040 64 dollars in dealing with Peter’s “deliberate infringement of the counterclaimant’s YOUTUBE trademarks.”
The company, therefore, sought a declaration that Peter’s registration and use of the YouTubeAudio business name with BN 2395035 at the CAC is an infringement of its YOUTUBE registered trademarks.
It prayed the court for an order directing Peter to pay the company the total sum of $24,040.64, being the expenses incurred in dealing with his infringement of the YOUTUBE registered trademarks.
It equally sought an order directing the plaintiff to pay the company the cost of defending the suit.
In his amended reply to Google’s amended statement of defence dated 12th July 2024, Peter responded that it is not in doubt that Google LLC owns YouTube trademarks; however, YouTubeAudio is distinct and different from YouTube trademarks.
He submitted that Google LLC, being a foremost search engine in the world, knew that he had earlier written to it, that he was making use of the YouTubeAudio domain name for the past eight years without any objection or caveat by either GoDaddy.com or Google.
“Hence, Google LLC is estopped from claiming any right over the YouTubeAudio domain name,” he said. GoDaddy.com LLC had neither filed any process nor represented in court Nigeria’s Air Cargo Reforms Crucial for AfCFTA Gains-Centre.
By Julius Alagbe, Market Forces Africa
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