Richard Adeolu Adejumobi - thoughtmedianetwork.com

Nigeria’s External Reserves Hit $48.5bn, Highest in 13 Years as Naira Stabilises

Abuja, February 20, 2026 — Nigeria’s external reserves have climbed to $48.5 billion as of mid-February 2026, according to data from the Central Bank of Nigeria (CBN), marking the highest level since May 2013. The figure represents a significant rise from $45.5 billion recorded at the end of 2025, reflecting improved foreign exchange inflows driven […]

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Dangote Group Secures $750 Million Agreements to Expand Refinery and Petrochemicals

Dangote Group has signed two major international agreements worth a combined $750 million with XCMG of China ($400 million) and EIL of India ($350 million) to scale up its refinery and petrochemical operations. The deals are part of Dangote’s strategy to increase refinery capacity from 650,000 barrels per day to 1.4 million barrels per day,

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OpenAI Hires OpenClaw Founder, Signaling Next Phase for AI Agents

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OpenAI has taken a major step toward autonomous AI with the hiring of Peter Steinberger, the creator of the popular open-source AI agent framework OpenClaw. Steinberger will lead development of OpenAI’s next-generation AI agents, designed to perform tasks proactively on behalf of users rather than simply responding to prompts. OpenClaw gained widespread attention in late

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Abdulsamad Rabiu’s Fortune Surges to $12.3bn, Nigeria’s Industrial Powerhouse Rises in Africa Rankings

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Nigerian billionaire Abdulsamad Rabiu has seen his net worth climb to $12.3 billion, following strong stock performance from BUA Cement and BUA Foods. The industrialist, founder and chairman of BUA Group, gained nearly $915 million in a single day, reinforcing his position as Africa’s fourth-richest individual. Analysts attribute the surge to robust domestic demand in

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Tinubu Signs Electoral Act 2026: What It Means for the 2027 Elections

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Abuja, February 18, 2026 — President Bola Ahmed Tinubu has signed the Electoral Act 2026 (Amendment) Bill into law, giving legal force to the framework that will govern Nigeria’s 2027 general elections. The signing, which took place at the Presidential Villa, Abuja, follows swift approval by both chambers of the National Assembly. Key Provisions of

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Tinubu Cracks Down on Oil Revenue Leaks with Executive Order 9

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President Bola Tinubu has signed Executive Order 9, a sweeping directive aimed at stopping revenue leakages from Nigeria’s oil and gas sector and ensuring that all proceeds flow directly into the Federation Account. The order targets royalty oil, tax oil, profit oil, and profit gas under production sharing contracts, suspending NNPC’s previous retention of management

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MTN Moves TO ACQUIRE IHS TOWERS IN $ 2.2BN DEAL FULLY, Plans NYSE Delisting

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MTN Group has announced plans to acquire full ownership of IHS Towers, after the IHS board accepted an offer of US$8.50 per share, a move that would see MTN increase its stake from 24.7 per cent to 100 per cent and take the company private. The proposed transaction, which remains subject to shareholder and regulatory

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Dangote Appoints Daughters to Key Executive Roles as Group Targets $100bn Valuation

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Africa’s richest businessman, Aliko Dangote, has elevated his daughters to senior executive positions within the Dangote Group, signalling a structured succession plan and renewed push for global expansion. Under the new leadership arrangement, Halima Dangote will oversee the Group’s Family Office and international operations, with strategic oversight of activities in Dubai and London. Fatima Dangote

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Ford Explores China EV Partnerships as US Security Scrutiny Intensifies

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Washington / Detroit — Ford Motor Company has held discussions with United States government officials over a potential framework that could allow Chinese electric vehicle (EV) manufacturers to produce cars in the US through partnerships with American automakers, according to a Bloomberg report. The engagement, which reportedly involved senior Ford executives and officials linked to

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“If You Don’t Count Votes, You’ll Be Counted: Obi’s Words Stir 2027 Tension”

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Former presidential candidate and chieftain of the African Democratic Congress (ADC), Peter Obi, has ignited public debate after warning that voters must remain vigilant in protecting their ballots during the 2027 general elections, declaring that The remark, delivered in the context of urging electoral transparency and civic responsibility, has been widely interpreted as a call

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