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Sports

Dollar rain as bonuses and cash pledges pour in for high flying Super Eagles

Nigeria’s Super Eagles are set for a major financial windfall following their impressive run at AFCON 2025, with bonuses, private pledges and goal incentives piling up around the squad. The team’s 4 0 Round of 16 win over Mozambique and quarter final progress have triggered multiple layers of payments from the Nigeria Football Federation, government and supporters.​ ScoreNigeria reports that each player has already received a 15,000 win bonus in cash for the Round of 16 victory against Mozambique. This is in addition to a separate 10,000 per goal pledge for knockout games, which saw the squad share about ₦58 million after scoring four times in that match.​ Beyond official bonuses, billionaire industrialist Abdul Samad Rabiu has promised the team 500,000 dollars if they beat hosts Morocco to reach the final. Other corporate and political figures are also reported to […]

Abdulmumini Auwal SA January 11, 2026

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Nigeria

Title: Oyo says N30bn Bodija explosion fund remains untouched

The Oyo State government has insisted that the N30 billion intervention fund released by the Federal Government for victims of the 2024 Bodija explosion is still intact in a special account and has not been spent.​Commissioner for Information, Dotun Oyelade, and Commissioner for Budget and Economic Planning, Musibau Babatunde, said the money is kept in an Infrastructure Support Account with First Bank, pending the release of the outstanding N20 billion balance from Abuja.​ They explained that after the January 16, 2024 explosion in Bodija, Governor Seyi Makinde formally wrote to President Bola Tinubu requesting N100 billion to support search and rescue, hospital care, temporary shelter, compensation and reconstruction works in the affected area.​The Presidency later approved N50 billion, describing it as support for the reconstruction of Old Bodija and its environs, and the Central Bank released N30 billion of that […]

Abdulmumini Auwal SA January 2, 2026

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Nigeria

Nigeria’s FX reserves hit $42bn, strongest in six years

Nigeria’s external reserves have climbed to their highest level in six years, crossing the $42bn mark for the first time since September 2019. Latest figures from the Central Bank of Nigeria (CBN) show reserves stood at $42.03bn on September 19, 2025, up from $41.99bn the previous day. This represents a $40m increase in one day and a sharp rebound from earlier lows this year. The last time reserves were higher was on September 26, 2019, when they reached $42.05bn. Since then, reserves have come under pressure from weaker oil prices, high import demand, and foreign capital outflows. Unlike past temporary spikes, the current rally has shown consistency. Reserves have grown for 13 out of 14 trading days in September, gaining $610.8m (1.47%) between September 1 and 19 alone. In the second half of the month, reserves rose by nearly $583m […]

Abdulmumini Auwal SA September 23, 2025

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