News
DMO Lists Two FG Savings Bonds For Subscription

The Debt Management Office (DMO) listed two Federal Government of Nigeria savings bonds on Monday for subscription at N1,000 per unit.
They are the first offers in 2024.
According to News Agency of Nigeria (NAN), The first offer is a two-year savings bond due to mature on January 17, 2026 at 11.033 per cent per annum.
The second offer is a three-year savings bond due to mature on January 17, 2027, at an interest rate of 12.033 per cent per annum.
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Opening date for both offers is January 8, while the closing date is January12; settlement is January 17, and coupon payment dates are April 17, July 17, October 17 and January 17.
“They are offered at N1,000 per unit subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter, subject to a maximum subscription of N50 million.
“Interest is payable quarterly while bullet repayment is made on maturity date,’’ the DMO stated.
The savings bonds, like all other Federal Government securities are backed by the full faith, credit of the Federal Government and charged upon the general assets of Nigeria.
“They qualify as securities in which trustees can invest under the Trustees Investment Act.
“They qualify as government securities within the meaning of the Company Income Tax Act and Personal Income Tax Act for tax exemption and pension funds, amongst other investments,’’ the DMO stated.
News
Nigeria Records One Of Africa’s Widest Gaps In Policy Reputation Index

Nigeria has been identified as one of the African nations suffering the largest disconnect between policy delivery and citizen trust, a finding described as the “defining governance crisis” across the continent, according to the inaugural RPI African Policy Index 2025 released by Reputation Poll International (RPI).
The comprehensive Index, which evaluates governance and policy performance across all 54 African countries, places Nigeria in the middle tier of “Strugglers” with an overall score of 52.3. This category reflects nations that achieve partial policy results but fail to earn public confidence.
Drawing from hard data on policy implementation and perception surveys involving over 25,000 Africans, the report shows that Nigeria records one of the continent’s widest Trust Gaps, sometimes exceeding 25 points between objective performance and citizen confidence.
The report flags Nigeria alongside South Africa, Angola, Egypt, and Zimbabwe as countries with the most severe mismatches.
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In Nigeria, anti-corruption laws and other initiatives score reasonably well on paper but fail to inspire public trust due to perceived elite impunity and inconsistent enforcement.
Similar patterns exist across these nations, where oil wealth, infrastructure spending, and progressive legislation do not convince ordinary citizens that governments genuinely serve their interests. This trust deficit is highlighted as Africa’s core governance challenge.
The Index emphasises that without deliberate measures to close the gap—through transparent data, citizen audits, and visible accountability—policy ambitions alone cannot produce stable or legitimate outcomes.
By contrast, a small group of nations scoring above 70 demonstrate that world-class governance is achievable when delivery is matched by citizen belief.
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Mauritius leads with 78.9, followed by Seychelles at 76.4, Cabo Verde at 74.8, and Botswana at 73.2. These countries excel because strong economic management, high vaccination rates, transparent institutions, and consistent progress in education and digital reforms are reinforced by equally high public trust.
Botswana and Mauritius succeed not because they are wealthy, but because they systematically include citizens in monitoring and feedback, narrowing the trust deficit to near zero.
Over half of Africa, however, remains far from this standard. The Strugglers tier (50–69.9) encompasses 30 countries, while 18 “Systemic Challengers” score below 50, from Sierra Leone at 49.2 to South Sudan at 28.4.
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In these countries, structural breakdowns, chronic insecurity, and collapsed legitimacy produce average Trust Gaps of 35 points, undermining even modest policy efforts amid daily experiences of violence and exclusion.
Central Africa records the lowest regional average at 41.2, while Southern Africa dominates the top tier. West, East, and North Africa deliver mixed results.
For Nigerian leadership, the Index sends a clear message: policy formulation alone is no longer sufficient. As the country grapples with debt, youth unemployment, and climate pressures, bridging the Trust Gap through better communication, transparency, and inclusive monitoring has become essential to achieve sustained development and restore public confidence.
The RPI African Policy Index 2025 stands as both a warning and a roadmap: unless the trust deficit is addressed, Africa’s governance crisis will only deepen.
(GUARDIAN)
News
‘My Father Discovered Banana Island’ – Ex-BBNaija Star Claims

Former Big Brother Naija reality star, Kiddwaya has claimed that his dad, Terry Waya, discovered the famous Banana Island in Lagos.
He made the claim in a recent of the Off The Record podcast.
The host asked: “I heard that your dad discovered Banana Island. Is that correct?”
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Kiddwaya replied: “Yeah, I didn’t even know until I heard it during one of my trips.”
Kiddwaya’s dad, Terry Waya is a self-acclaimed billionaire with investments in the real estate, agriculture and hospitality industry.
His public profile was further boosted during and after his son Kiddwaya’s appearance on the Big Brother Naija reality show in 2020.
Watch video here.
News
EFCC Releases Malami After Interrogation, Gives Fresh Appointment For More Questioning

Former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, says his engagement with the Economic and Financial Crimes Commission, EFCC, following an invitation by the agency has been “successful.”
Malami, who disclosed this in a post on his X handle on Saturday, said he was released after the interaction and given an appointment for further questioning.
“In line with my undertaking to keep Nigerians updated on my invitation by EFCC, I give glory to Allah for His divine intervention. The engagement was successful and I am eventually released, while on an appointment for further engagement, as the truth relating to the fabricated allegations against me continues to unfold,” he wrote.
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The EFCC had earlier invited the former minister over allegations linked to his time in office, though the commission has not publicly disclosed details of the issues under investigation.
Malami previously announced that he would honour the invitation, saying it aligned with his commitment to accountability and transparency.
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