Nairaland Pulse | News

🇳🇬 Nigeria's New Offshore Framework May Unlock $50bn Nigeria's Chief Investment Officer Ifeanyi Uba says the country's new offshore investment framework has the potential to attract up to $50 billion in investments. No further details on the framework's structure, timeline, or conditions were provided in available reporting. Source

⚖️ ICPC Chair: Corruption remains Nigeria's top challenge The chairman of Nigeria's Independent Corrupt Practices and other related offences Commission (ICPC), Dr Musa Adamu Aliyu (SAN), has declared corruption the country's greatest challenge, warning it must be tackled seriously for Nigeria to make meaningful progress. Aliyu made the remarks in his capacity as head of the anti-corruption agency, reaffirming the commission's mandate to confront corrupt practices across public and private institutions. The ICPC is Nigeria's principal anti-corruption body, operating alongside the EFCC in prosecuting corruption-related offences. Source

🏛 Atiku warns against militarisation of Osun election Former Vice President Atiku Abubakar has warned the Federal Government, security agencies and INEC against what he described as the militarisation of Saturday's Osun State governorship election, saying the heavy security deployment makes it seem "like Nigeria is at war." The Peoples Democratic Party also demanded a probe of Senator Francis Fadahunsi over alleged inciting comments ahead of the poll. Atiku urged all parties to ensure conditions for credible democratic participation were maintained. The warnings come as tension intensifies in Osun State in the final days before the governorship election. Source

🛡 Kwara police arrest man in AK-47 procurement deal Kwara State Police have arrested a suspect after disrupting an alleged illicit arms deal in Kaiama Local Government Area on August 3. The suspect, Sanda Aliyu, was apprehended by the Anti-Kidnapping Section before an AK-47 rifle could be delivered. During interrogation, he admitted to paying N1.6 million toward the purchase. He stated his goal was to rise to the rank of "Boss" within a kidnapping gang and eventually break away to form his own criminal outfit. The alleged seller, Aliyu Mohammed, remains at large. Police spokesperson SP Adetoun Ejire-Adeyemi said investigations have identified other persons linked to the transaction and uncovered broader criminal activities connected to the gang. Source

💥 Nine travellers killed by terrorists on Niger State road Nigeria's Niger State Police Command has confirmed the recovery of nine bodies on the Wawa-Lumma road in Borgu Local Government Area, following a suspected terrorist attack on travellers. Spokesperson SP Wasiu Abiodun said police received the information on Tuesday and dispatched a joint team of police and military personnel to evacuate the bodies. Clearance operations have since been intensified to secure the area against further threats. Borgu LGA, bordering Benin Republic, has faced recurring security challenges linked to armed groups operating in the region. Source

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🌍 ECOWAS moves to build West Africa carbon market ECOWAS has begun steps to establish a regional carbon market platform designed to unlock climate finance and boost West Africa's participation in international carbon markets. The initiative aims to strengthen member states' climate ambitions and improve the region's access to global climate funding mechanisms. No timeline or implementation details were provided in the announcement. Source

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🇳🇬 Tinubu Signs Deep Offshore Tax Order to Unlock $50bn President Bola Tinubu has signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, targeting up to $50 billion in new investment in Nigeria's deep offshore sector. The order grants a standard tax credit of $3–$4.50 per barrel, with an additional $1 per barrel for future leases. Incentives apply to greenfield projects that reach a Final Investment Decision by 2029, with the aim of restarting stalled oil projects and accelerating sector-wide investment. Tinubu announced the signing on his official X account, describing the framework as designed to unlock capital flows into Nigeria's deep offshore oil and gas industry. Source

🇳🇬 3.5m children lack birth registration across South-West, Edo UNICEF has warned that 3.5 million children under one year in Lagos, Ogun, Oyo, Osun, Ondo, Ekiti and Edo states have no birth certificates, leaving them without legal identity and effectively "invisible" in government records. The UN agency stressed that every Nigerian child must be registered, noting that the absence of documentation cuts children off from access to public services, legal protections and social programmes that require proof of identity. Source

🇳🇬 Law School Student Dies in Fall from Lagos Hostel Faith Alayande, a 23-year-old Nigerian Law School student, died after falling from the rooftop of a hostel at the institution's Lagos campus at around 4 am on Friday, August 7. Alayande was enrolled at the Law School's Enugu campus but was temporarily housed at the Lagos campus hostel while participating in an externship programme. The Nigerian Law School has confirmed her death and commenced an investigation into the incident. Source

🇳🇬 Tinubu targets doubling Nigeria's $32bn livestock sector President Bola Tinubu has announced plans to more than double the livestock sector's $32 billion contribution to Nigeria's economy, with a focus on expanding production, processing, job creation and investment. Tinubu made the announcement at the opening of the 9th All Africa Conference on Animal Agriculture in Abuja, framing the target as central to his administration's efforts to boost food security and broaden economic opportunity for herders and farmers across the country. The livestock sector remains a significant but underdeveloped pillar of Nigeria's agricultural economy, and the government's push comes amid ongoing efforts to reduce food inflation and diversify income sources beyond oil. Source

🏥 Lassa Fever Kills 237 as Fatality Rate Hits 23.7% Nigeria's Lassa fever outbreak has worsened in 2026, with 237 deaths recorded from 1,000 confirmed cases nationwide, pushing the case fatality rate to 23.7%. The disease has spread across 23 states and 116 local government areas. Health officials cite late presentation by patients and high treatment costs as the primary factors driving the rising death toll. Source

🇳🇬 NERC dissolves Kaduna Disco board over N456bn debt Nigeria's electricity regulator has dissolved the board of Kaduna Electricity Distribution Company (KAEDC), citing N456.5bn in cumulative market obligations alongside severe financial, operational and regulatory failures. The Nigerian Electricity Regulatory Commission (NERC) appointed the company's Managing Director, Dr. Abubakar Umar Hashidu, as administrator for an initial six-month period. The regulator also directed the commencement of a transparent process to select a new core investor for the distribution company. Source