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Nigeria Ranks Third Most Attractive African Country For Foreign Investments

Ask Nigerians about the attractiveness of doing business in Nigeria and they may feel very different, but according to the Absa Africa Financial Markets Index (AAFMI) 2021 report, the country may have more reason to be confident than may seem.

According to the report, Nigeria has retained its spot as the third most attractive country in Africa for foreign investment in 2021. After a survey of 23 African countries using six pillars to rank the country’s abilities in terms of attracting foreign investments – including their openness and attractiveness, the countries have been ranked in the report with South Africa, Mauritius, and Nigeria coming in the first three positions.

Furthermore, the report noted that:

“South Africa, Mauritius, and Nigeria maintain their lead in the index, despite having lower overall scores than last year’s. Nigeria continues to make strides in creating an enabling investment environment for foreign investors, with the necessary regulatory developments and policy initiatives.”

The ranking of Nigeria in the six pillars used in the survey are as follows:

  1. Market depth – 62
  2. Access to Foreign Exchange – 20
  3. Market transparency, tax, and regulatory environment – 86
  4. Capacity of local investors – 44
  5.  Macroeconomic opportunities – 69
  6. Enforceability of the standard master agreement – 100

The report tried to highlight the areas the made Nigeria retain its position as the third most attractive investment hub in Africa. It pointed out the country’s innovative strides in the financial markets and commended the governments’ effort in digital developments in terms of employing technology to help businesses understand regulations.

It read:  “Nigeria’s SEC launched FinPort, a fintech and innovation portal to assist fintech businesses to understand the regulatory requirements for the Nigerian capital market. The SEC will also be rolling out a regulatory incubator for fintech seeking to conduct capital market activities.”

However, the AAFMI report noted that Nigeria has continued to perform poorly in access to foreign exchange while it has imposed administrative controls that expanded the number of goods subject to import restrictions, enforcing existing export repatriation rules and restricting the supply of FX to certain windows.

“While these measures restricted capital outflows and helped keep reserves stable, market liquidity remained below pre-pandemic levels.

“Due to the control measures and global macroeconomic imbalances, foreign portfolio investors’ appetite remained subdued. The volatile FX market and the delays in the repatriation of foreign currency out of Nigeria caused further problems. Despite a rebound in oil prices and remittances, the FX shortage persists as imports recover faster than exports.”

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NIMC Cracks down on Illegal NIN Centres after discovering Unauthorised Enrolment

The National Identity Management Commission (NIMC) has arrested several illegal NIN operators and seized registration equipment in Gwagwalada. Officials warned Nigerians to avoid unapproved roadside agents to protect themselves against identity theft and extortion.

If you’ve ever been tempted to register your National Identification Number (NIN) through a roadside “agent” who promised to get it done faster, you may want to think twice. The National Identity Management Commission (NIMC) has stepped up its fight against illegal NIN registration and unauthorised data modification, arresting several suspects during an enforcement operation in Gwagwalada and other locations.

The Commission said officers from its Inspectorate Compliance and Enforcement Unit (ICEU) carried out the operation seizing machines and other equipment allegedly used for illegal NIN enrolment.

According to NIMC, the crackdown is aimed at protecting the integrity of Nigeria’s National Identity Management System and stopping people from exploiting Nigerians through unauthorised registration and extortion.

The agency explained that many of the complaints and problems experienced by NIN holders often happen because some people choose to bypass the Commission’s approved registration process.

It reminded Nigerians that NIN enrolment can only be done at NIMC-approved enrolment centres, while changes to personal information, such as names, phone numbers or dates of birth, should only be made through the Commission’s official self-service modification platform.

NIMC also encouraged NIN holders to download the NINAuth mobile application from the Google Play Store or Apple’s App Store. The app allows users to access extra security features, print their NIN slips, and manage other identity-related services securely.

Reaffirming the agency’s position, the Director-General and Chief Executive Officer of NIMC, Engr. Abisoye Coker-Odusote, said the Commission has no room for extortion or unethical practices.

She said the Commission remained committed to providing “seamless and hitch-free NIN enrolment services” for Nigerians and legal residents. The Commission urged members of the public to avoid unofficial registration centres and use only approved channels for NIN enrolment and related services.

It also advised Nigerians to visit its official website and verified social media platforms for accurate information and updates, warning that dealing with unauthorised operators could expose them to fraud, identity theft and invalid records.

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Veteran Nollywood actor Francis Duru to be buried in Imo State

The family of late Nollywood actor Francis Duru has released details for his final burial rites. Services of songs will be held in Abuja and Imo State before he is laid to rest on December 11, 2026. The family made the announcement in a statement shared on the actor’s official Instagram page on Monday, November 2, inviting relatives, friends, colleagues and well-wishers to join them in honouring his life and legacy.

According to the announcement, a service of songs will be held on Wednesday, November 25, at 5 p.m. at Family Worship Centre, Idris Gidado Street, Wuye, Abuja. A second service of songs is scheduled for Thursday, December 10, at the late Pa Theophilus Ogide Duru’s family compound in Okai, Eziama, Isiala Mbano, Imo State.

The funeral and interment will follow on Friday, December 11, at the same family compound.

The statement, signed by the actor’s son, Ebuka Duru, and sister, Anthonia Chenyi, described him as a cherished husband, father, brother, uncle and friend.

The family also expressed appreciation to those who had supported them with prayers, calls, messages, and other gestures since his death. The statement read, “A remarkable life, a beautiful legacy, a star that will never stop shining. Though our beloved Chief Francis Duru has taken his final bow, his memories will live on in the hearts of all who knew and loved him.”

The family added that the love and support received throughout the difficult period had been a source of strength as they prepared to give the actor a final farewell.

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Pastor Jimmy Odukoya remarries years after his first marriage ended

Pastor Jimmy Odukoya has remarried years after his first marriage ended, introducing his new wife, Mo Jasyme, to The Fountain of Life Church congregation during a Sunday service in Lagos. Pastor Jimmy Odukoya has found love again, more than a decade after marrying his first wife, Oluwakemi Sade Banjoko, with whom he shares two children.

The senior pastor of The Fountain of Life Church, Lagos, introduced his new wife, identified as Mo Jasyme, to his congregation during Sunday service on November 1, 2026. The announcement came a day after Odukoya sparked curiosity on social media by sharing a photograph of two hands wearing wedding rings with the caption, “To New Beginnings.”

His followers, especially popular celebrities like Broda Shaggi, Ifedayo Agoro and Bisola Aiyelola, congratulated him.

Standing beside his wife in church, Jimmy spoke about how he had been navigating life alone since taking over the leadership of the church following his father’s death. He then introduced her to the congregation as his wife and the church’s new first lady.

The couple subsequently knelt before Pastor Tunde Bakare, the General Overseer of Citadel Global Community Church, who prayed for and blessed their union.

Before his new marriage, Odukoya was married to Oluwakemi Sade Banjoko, popularly known as Kemi. The couple married in London on March 9, 2013, after meeting in Lagos in 2011. They eventually welcomed two children together before their marriage ended in separation.

Interestingly, their relationship began at Ooh La La, a restaurant in Ikeja, Lagos, when Kemi accompanied her cousin to meet Jimmy and a mutual friend.

In a 2013 interview with ThisDay, republished by YNaija, the couple opened up about their courtship ahead of their wedding. Jimmy recalled that although he initially paid more attention to Kemi’s cousin, they eventually started talking at another family gathering.

Their conversations became so frequent that they sometimes spoke from 8 p.m. until 5 a.m.Interestingly, Kemi revealed that Jimmy did not initially tell her he was a pastor. When he eventually disclosed it, she reportedly went silent for about 30 seconds.

Jimmy also recounted how he proposed to her in London, using a sweet wrapper to playfully ask her to marry him before revealing the actual engagement ring.

However, their marriage eventually came to an end. Pastor Jimmy Odukoya’s new wife is Mo Jasyme, a designer and creative entrepreneur who is now known as Pastor Mo Odukoya.

Mo was previously married to British-Nigerian music producer Mosadoluwa Adegboye, popularly known as itsMOSA. The former couple reportedly collaborated on several creative projects during their relationship.

Mo made her first public appearance as Jimmy’s wife at The Fountain of Life Church on November 1, 2026, where she described it as an honour to stand alongside her husband.

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