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Nigeria Climbs Africa Investment Ladder, Overtakes Four Nations
Nigeria Climbs Africa Investment Ladder, Overtakes Four Nations
Nigeria has climbed four places to eighth position in Africa’s latest investment risk ranking, overtaking Rwanda, Tanzania, Kenya and Namibia in the 2026 assessment.
The improvement makes Nigeria the biggest climber among the 19 African economies assessed in the ranking, which measures relative investment attractiveness using five key indicators.
Nigeria’s stronger position was driven by improvements in economic strength, fiscal strength and external vulnerability, according to the assessment.
The latest ranking puts Nigeria ahead of Rwanda, Tanzania, Kenya and Namibia, while Mauritius emerged as the highest-ranked African economy. South Africa, which occupied the top position in the previous edition, dropped one place amid a weaker economic-growth outlook.
Nigeria’s rise comes against the backdrop of a series of economic reforms introduced since President Bola Ahmed Tinubu assumed office in 2023. The reforms include the removal of the petrol subsidy, changes to the foreign-exchange market and electricity tariff reforms.
The Federal Government has maintained that the measures were necessary to address long-standing fiscal and economic challenges, improve public finances and create a more attractive environment for investors.
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The improved ranking also comes as Nigeria records stronger economic growth. The economy expanded by 3.89 per cent in the first quarter of 2026, while average quarterly growth between the third quarter of 2023 and the first quarter of 2026 stood at about 3.46 per cent.
Nigeria’s improved position, however, does not mean the country has overtaken the four nations in terms of actual foreign investment inflows. The ranking measures relative investment risk and investability, rather than the total amount of foreign direct investment received.
Separate investment data showed that Nigeria attracted about $4.01 billion in foreign direct investment in 2025, representing a substantial increase from the previous year.
Nigeria also recorded a sharp rise in overall capital inflows in 2025, although a significant portion of the increase came from foreign portfolio investment rather than long-term direct investment.
The distinction is important because portfolio investors can respond more quickly to interest rates, exchange-rate movements and financial-market conditions, while foreign direct investment generally involves longer-term commitments to businesses, infrastructure and productive assets.
Despite the improvement in the investment ranking, Nigeria continues to face significant economic challenges, including high living costs, inflationary pressures, infrastructure deficits, foreign-exchange concerns and rising public debt.
The latest assessment therefore presents a mixed picture, with Nigeria’s relative position on key investment-risk indicators improving even as significant fiscal and structural challenges remain.
The country’s four-place rise nevertheless places Nigeria among the African economies that recorded the most significant improvement in relative investment attractiveness in the latest assessment.
Nigeria Climbs Africa Investment Ladder, Overtakes Four Nations
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Death Sentence: Kogi Court Convicts 24-Year-Old of Killing Father
Death Sentence: Kogi Court Convicts 24-Year-Old of Killing Father
A Kogi State High Court sitting in Lokoja has sentenced 24-year-old Dahiru Yusuf Abbah to death by hanging for the killing of his father, Dahiru Yusuf.
Justice M.M. Gwatana handed down the sentence after finding that the prosecution had proved the case of culpable homicide against Abbah beyond reasonable doubt.
The court heard that the incident occurred on October 5, 2024, in the Sarkin-Noma area of Lokoja, when Abbah allegedly attacked his father and inflicted stab wounds on his chest and back.
The victim was taken to hospital for treatment but died on October 9, 2024, from injuries sustained during the attack.
Abbah was subsequently arrested and arraigned on charges of culpable homicide and criminal conspiracy under Sections 221 and 97(1) of the Kogi State Penal Code, 2019, as amended.
During the trial, the prosecution called nine witnesses, including the deceased’s wife, Hajia Jumai Dahiru, and two of the defendant’s siblings.
Several exhibits were also presented before the court, including a blood-stained shirt, blood samples, a knife, a digital forensic report and a compact disc analysis.
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Although none of the prosecution witnesses testified that they directly saw Abbah stab his father, the court found that the circumstantial evidence presented by the prosecution was sufficient to establish his involvement in the killing.
Justice Gwatana said the evidence, including the defendant’s blood-stained clothing and testimonies from members of the deceased’s family, linked Abbah to the fatal attack.
The court also considered the defendant’s failure to call a witness in his defence, apart from an Islamic cleric whose testimony about an inheritance dispute was considered unrelated to the central issue before the court.
The judge said the case before the court was a matter of culpable homicide, not an inheritance dispute.
Justice Gwatana convicted Abbah of culpable homicide but discharged him on the separate criminal conspiracy charge, ruling that the prosecution had not established that count to the required standard.
The court subsequently sentenced him to death by hanging for the killing of his father.
However, the judgment is not necessarily the end of the legal process. Defence lawyers Mohammed S. Inuwa and Mohammed S. Maihaja indicated that their client would appeal the conviction and sentence.
The defence reportedly challenged aspects of the evidence relied upon by the court in reaching its decision.
Meanwhile, Yusuf Bala, head of the deceased’s family, welcomed the judgment and said the family had been seeking justice for the victim.
The case could now proceed to the appellate courts if the defendant files the proposed appeal.
Death Sentence: Kogi Court Convicts 24-Year-Old of Killing Father
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Ondo High Chief Shot Dead During Colleague’s Burial, One Arrested
Ondo High Chief Shot Dead During Colleague’s Burial, One Arrested
A traditional ruler in Ayeka, Okitipupa Local Government Area of Ondo State, High Chief Akinwalere Akinola, has been shot dead during the burial rites of a fellow traditional ruler.
The incident occurred on Tuesday as traditional rulers, community leaders and other mourners gathered for the funeral ceremony.
Akinola was reportedly struck in the head by a bullet during the proceedings and died from his injuries.
The shooting triggered panic among mourners and disrupted the burial ceremony as people scrambled for safety.
The circumstances surrounding the shooting remain unclear. Some accounts in the community have described it as an accidental discharge, but the police have not confirmed that explanation.
The Ondo State Police Command has, however, confirmed the death and announced the arrest of one suspect in connection with the incident.
The command’s spokesperson, DSP Abayomi Jimoh, said a thorough investigation had commenced.
“One suspect arrested. Meanwhile, thorough investigation has commenced,” Jimoh said.
The police have not publicly identified the suspect or disclosed the type of firearm involved.
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Investigators are expected to establish who was handling the weapon, how it was discharged and whether the shooting was accidental or deliberate.
A video reportedly showing part of the funeral gathering circulated online after the incident, although the full circumstances surrounding the footage and the shooting have not been independently established.
The death has thrown Ayeka community into mourning, coming at a ceremony intended to honour another traditional ruler who had died.
The incident has also renewed concerns about the presence and handling of firearms during public gatherings and traditional ceremonies.
For now, the police investigation remains ongoing, and no official conclusion has been reached on whether the shooting was accidental or intentional.
Ondo High Chief Shot Dead During Colleague’s Burial, One Arrested
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NSITF Exposes Fake Recruitment Scam, Warns Nigerians Against Fraudsters
NSITF Exposes Fake Recruitment Scam, Warns Nigerians Against Fraudsters
The Nigeria Social Insurance Trust Fund (NSITF) has warned Nigerians, particularly job seekers, against fake recruitment advertisements and forged appointment letters being circulated by fraudsters seeking to deceive members of the public.
The warning was contained in a public notice issued by the Fund and circulated to its Regional and Branch Managers through a memorandum dated October 5, 2026, signed by the Executive Director, Administration, Samaila Abdu.
NSITF said it is not currently recruiting for any position, describing employment advertisements circulating on social media, particularly Facebook, as fake.
The Fund said individuals and groups were falsely presenting themselves as representatives of NSITF and using purported employment opportunities to target unsuspecting members of the public.
It urged Nigerians to disregard such advertisements and not make payments to anyone in exchange for employment opportunities.
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NSITF stressed that it does not charge applicants any fee for employment and does not conduct recruitment through unofficial social media platforms or other unauthorised channels.
The Fund said genuine NSITF recruitment opportunities, whenever available, would be announced through its official communication channels.
“Stay alert, stay safe,” the Fund advised, urging anyone who encounters suspicious recruitment advertisements or requests to avoid responding and report them to the appropriate NSITF authorities.
The Fund has also directed all its Regional and Branch Managers to prominently display the warning at strategic locations within their offices.
The directive covers reception areas, main entrances and exits, notice boards, SERVICOM desks and other locations accessible to staff and members of the public.
NSITF said the notices should remain visible to help protect job seekers and other members of the public from fraudulent recruitment activities.
The Fund further urged Nigerians to verify recruitment claims through official NSITF channels before providing personal information, making payments or taking any other action.
The NSITF warning comes amid continued concerns over online recruitment scams in which fraudsters exploit job seekers by offering supposed government employment in exchange for money or personal information.
NSITF reiterated that legitimate employment opportunities would be communicated through its recognised channels and warned Nigerians to remain vigilant when responding to unsolicited job offers.
NSITF Exposes Fake Recruitment Scam, Warns Nigerians Against Fraudsters
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