Index to Nigerian Newspapers

MOFI, the special purpose investment vehicle and asset custodian agency of the Federal Government of Nigeria, plans to identify, revive, and list all moribund government assets on Nigerian stock exchanges. The plan aims to grow MOFI's Asset Under Management (AUM) to a minimum of N100 trillion over the next decade, increasing economic impact on Nigerians. MOFI is collaborating with stakeholders like the Chartered Institute of Stockbrokers, CIS, Association of Stockbroking Houses of Nigeria, ASHON, NGX, and stockbrokers to revive and list moribund government assets transparently, leading to transformation and economic value. The collaboration aims to professionalize public wealth management and create growth across industries. NGX CEO Temi Popoola commended MOFI for its role as the custodian of government investments and assets, emphasizing the partnership's potential to facilitate capital access for listed entities and contribute to Nigeria's capital market advancement.

The ECOWAS delegation, led by former Nigerian Head of State General Abdulsalami Abubakar, met with the Niger Republic's coup leaders. The delegation, led by President Bola Tinubu, was sent to expedite action to resolve the political tussle in the country. The delegation also sent a separate delegation to engage with Libya and Algeria leaders on the Niger crisis. President Tinubu called for robust engagement to ensure a conclusive resolution for African peace and development, rather than adopting geopolitical positions of other nations. The delegation will meet with the coup leaders to present ECOWAS leadership's demands.