Archives 2025

Africa’s Economic Titans Unite: Egypt Courts Nigeria with 30 Top Companies in Landmark Investment Drive

RYNI Media: By Omotayo Stephen . O
23 July 2025


In a bold diplomatic and economic overture that signals the dawn of a new era in intra-African cooperation, a powerful delegation of 30 of Egypt’s most prominent companies stormed Nigeria’s capital city, Abuja, on Monday — igniting what experts are calling one of the most ambitious investment missions between African nations in recent years.

The delegation, led by Egypt’s Minister of Foreign Affairs, Immigration and Expatriates, Dr. Badr Abdel Aaty, marks a historic deepening of Egypt-Nigeria ties, with targeted interest in critical sectors such as agriculture, pharmaceuticals, mining, energy, oil and gas. The visit is not just symbolic — it’s strategic, intentional, and clearly driven by a long-term vision to forge a robust economic alliance between two of the continent’s most influential economies.

“We have brought with us the best of Egyptian enterprise — over 30 powerhouse companies — because we see a fertile landscape for investment here in Nigeria,” said Dr. Abdel Aaty in a post-meeting press briefing. “Nigeria is not just a country; it is a gateway to the future of African prosperity. We are committed to building mutual success based on trust, vision, and value.”

The visit follows closely on the heels of high-level discussions between President Bola Tinubu and his Egyptian counterpart, President Abdel Fattah el-Sisi, during the G20 Summit in Rio de Janeiro. Both leaders agreed to elevate bilateral relations to a “comprehensive and strategic partnership” — and this latest economic mission is tangible proof of that pledge taking flight.

Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, hailed the Egyptian initiative as timely and transformational. “This is more than diplomacy; it is a strategic partnership in action. As Nigeria expands its push for economic diversification, the involvement of Egyptian companies in areas like infrastructure, energy, agriculture, and mineral development is a game-changer.”

Beyond federal interests, the Egyptian delegation will also feature prominently at the upcoming Jigawa State Business Forum, an event poised to bridge national vision with sub-national opportunities.

From land reclamation projects that have turned barren deserts into agricultural hubs, to advanced energy infrastructure, many of these Egyptian firms bring tested innovations with clear potential for replication in Nigeria.

To anchor this emerging partnership, both nations have agreed to establish a Joint Commission — a permanent platform to oversee and coordinate bilateral investments and subsume existing frameworks like the Nigeria-Egypt Chamber of Commerce.

Africa’s giants are finally shaking hands — not just in words, but in business. And the continent, it seems, is watching history being written.

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IBB’s Son Embraces Tinubu’s BOA Chairman Appointment, Debunks Rejection Rumors

RYNI Media: By Omotayo Stephen . O
22 July 2025

In a swift and emphatic response to viral falsehoods, Mohammed Babangida, the first son of former military president General Ibrahim Babangida, has categorically denied rejecting his recent appointment by President Bola Ahmed Tinubu as Chairman of the Bank of Agriculture (BOA).

A counterfeit letter, purporting to show Babangida declining the prestigious role, has been widely circulated on social media, sparking confusion and speculation across political circles. The letter, signed under dubious credentials and quoting fake contact information, claimed that Babangida turned down the appointment due to “personal and professional considerations.” But his media team is not having it.

Speaking on behalf of the Babangida family, Alhaji Mahmud Abdullahi—media aide to Mohammed Babangida—slammed the letter as “a fabricated piece of mischief, designed by disgruntled elements intent on derailing public trust.”

“The letter is entirely fake. It bears a forged signature and false contact details. Mohammed Babangida did not, and would not, reject an opportunity to serve his country,” Mahmud declared. “In fact, he has gratefully accepted the appointment and has conveyed his deepest appreciation to President Tinubu for the confidence reposed in him.”

Reinforcing the statement, Mr. Determine Saka, Lead Partner of Lambert & Curtis Nigeria Limited, described the publication as “not only fictitious, but a desperate act of mischief-makers seeking to sow discord for their own selfish agendas.”

Mohammed Babangida, a respected businessman and public policy enthusiast, was among several appointees named last week in President Tinubu’s sweeping reforms to reposition key federal agencies. His appointment as Chairman of the Bank of Agriculture is seen as a strategic move to revive Nigeria’s agricultural sector and empower rural economies.

Sources close to the Babangida family confirmed that the viral letter caught them off guard, but they are undeterred. “We remain committed to transparency, national unity, and upholding the dignity of public service,” Mahmud noted.

The family has also indicated that an investigation is already underway to uncover the origin of the forged letter. Legal action may follow.

“This is not just about one man’s name—it’s about protecting the integrity of national governance,” Mahmud added. “Nigeria must not become a playground for digital forgeries and political sabotage.”

As social media continues to fuel the spread of disinformation, the Babangidas’ prompt rebuttal underscores a growing challenge in Nigerian politics: separating truth from viral fiction. But this much is clear—Mohammed Babangida is not walking away from service. He’s stepping up.

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Showdown at the Senate: Senator Natasha Told to Stay Away From National Assembly

RYNI Media: By Omotayo Stephen . O
21 July 2025

Tensions are brewing in the corridors of Nigeria’s National Assembly as the Senate has issued a stern warning to suspended Kogi Central Senator, Natasha Akpoti-Uduaghan, cautioning her against what it described as an “unlawful attempt to forcibly re-enter the Senate chamber.”

In a strongly worded statement released in Abuja yesterday, the Senate, through its spokesperson Senator Adeyemi Adaramodu, raised concerns over reports that Senator Akpoti-Uduaghan is allegedly plotting to storm the Red Chamber tomorrow—despite a subsisting six-month suspension handed down in March over allegations of misconduct.

According to the Senate’s statement, contrary to Senator Akpoti-Uduaghan’s claims, “no enforceable court order exists mandating her recall prior to the expiration of her disciplinary suspension.”

This development follows the recent ruling by Justice Binta Nyako of the Federal High Court, which, while questioning the proportionality of the suspension, stopped short of ordering an immediate recall. Rather, the court issued what the Senate described as a “non-binding advisory” suggesting a review of the Senate’s Standing Orders and disciplinary framework.

“The judgment neither invalidated the Senate’s action nor compelled any reversal,” Adaramodu clarified. “In fact, the court upheld that the Senate acted within its constitutional authority and did not violate any legal provisions in suspending the senator.”

More damning still, the court found Senator Akpoti-Uduaghan guilty of contempt and imposed a N5 million fine, alongside a mandatory public apology—requirements which the Senate claims remain unmet.

“It is legally unsound and politically provocative for the senator to act as though she has received a green light to resume legislative duties,” Adaramodu added. “Such conduct could undermine the dignity of the Senate and erode the sanctity of due process.”

The statement warned in unequivocal terms that any attempt by Senator Akpoti-Uduaghan to force her way back into the Senate chamber would be met with firm resistance, stressing that the legislature is “not a theatre for political drama nor a battleground for personal defiance.”

While acknowledging the court’s opinion on possible reforms, the Senate insisted that any decision regarding the senator’s recall will be made “at the appropriate time and in accordance with laid-down procedures.”

Until then, the message from the nation’s upper legislative house remains clear: stay away and respect the process.

As political watchers brace for what could be a showdown at the National Assembly gates, one thing is certain—Tuesday at the Senate promises to be anything but routine.


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Anambra PDP governorship candidate, Jude Ezenwafor Escapes Assassination Attempt in Abuja

RYNI Media: By Omotayo Stephen . O
20 July 2025

In a harrowing episode that underscores the deepening crisis of political violence in Nigeria, Chief Jude Ezenwafor, the Peoples Democratic Party (PDP) governorship candidate for Anambra State, narrowly escaped death after a calculated assassination attempt in Abuja late Friday night.

The attack unfolded in the highbrow Wuse 2 district, a neighbourhood known more for its calm than chaos. Ezenwafor’s convoy was returning from what aides described as a “routine evening engagement” when unidentified gunmen launched a surprise assault, riddling his vehicle with bullets before vanishing into the night.

Witnesses reported the staccato burst of gunfire echoing through the streets, followed by the squeal of tires and the eerie silence that so often cloaks tragedy. “It was like something out of an action movie,” said a resident who lives a few blocks from the scene. “We heard gunshots—loud, rapid—and then nothing.”

Chief Ezenwafor was swiftly rushed to a private hospital under heavy security. Doctors say he sustained multiple gunshot wounds and underwent emergency surgery. Two members of his security detail were also injured in the attack and remain hospitalized. Though he sustained injuries but the PDP flag-bearer is reportedly stable and conscious.

Speaking briefly from his hospital bed in the early hours of Saturday, the visibly shaken politician recounted the ambush. “It was a near-death experience,” he said. “I was just heading home when we were attacked without warning. I’m currently in the hospital, and the doctors are preparing to operate to remove the bullets. It was clearly a deliberate attempt to eliminate me.”

Though the motive remains unconfirmed, analysts are already linking the assault to the rising tide of politically motivated violence as Nigeria hurtles toward the 2025 general elections. With no arrests yet made, the FCT Police Command has launched a manhunt for the assailants and promised a full-scale investigation.

The PDP wasted no time in condemning the attack, describing it as a “cowardly act of desperation” and warning that Nigerian democracy is under siege. Party officials have called for enhanced security for all political candidates and a firm response from law enforcement.

As tensions rise, the attempted assassination of Ezenwafor serves as a grim reminder of the dangerous path Nigerian politics is treading. The incident has sparked outrage on social media, with many Nigerians demanding justice and calling for reforms to protect candidates and voters alike.

Ezenwafor’s supporters, meanwhile, remain hopeful that this near-tragedy will not deter him from pursuing his political ambitions — but rather, embolden his resolve.

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A Monarch’s Mission: How Oba Adédòkun Abolarin’s Free Education Vision is Rewriting the Future of Nigeria’s Poor

RYNI Media: By Omotayo Stephen . O
18 July 2025

In the quiet hills of Oke-Ila Orangun in Osun State, a rare renaissance is unfolding—not in gold-lined palaces or high government chambers, but within the simple walls of a rural school founded by a king with a vision larger than his crown.

Oba Adédòkun Abolarin, the revered Orangun of Oke-Ila, is shattering the age-old image of monarchy as ornamental, replacing splendor with purpose. His brainchild, Abolarin College, is a tuition-free boarding school that educates Nigeria’s brilliant but impoverished children—orphans, street hawkers, and children from households where schooling is a distant dream.

These are not ordinary students—they are handpicked for their intellectual promise and leadership potential, despite their economic disadvantage. And here, they are not only given access to quality education, but also fed, clothed, housed, and mentored—completely free of charge.

“Royalty must serve, or it has no meaning,” says Oba Abolarin, a trained lawyer and former law lecturer at Nigerian universities. He doesn’t just fund the school—he teaches, counsels, and walks the school grounds daily. In a society where public schools are underfunded and UNESCO estimates over 10 million Nigerian children are out of school, his hands-on model is revolutionary.

Students at Abolarin College receive a well-rounded education: academics, ethics, leadership, and cultural literacy. They’re trained to become not just employable graduates, but nation builders. Graduates have gone on to win scholarships, gain university admission, and return to uplift their own communities—a ripple effect of transformation.

Remarkably, the king refuses school fees or donations from families. The institution runs on his personal income, occasional contributions from well-wishers, and the enduring belief that every gifted child deserves a fair shot at greatness—regardless of their background.

Many of the children come from families living under the international poverty line, yet their performances defy their circumstances. Abolarin College has become a model for merit-based educational equity, praised by NGOs and featured in educational policy forums.

In a nation grappling with poverty, broken infrastructure, and failing leadership, Oba Abolarin is quietly demonstrating what transformative governance looks like—not through decrees, but through daily sacrifice.

He’s not just teaching history—he’s making it. One brilliant, underprivileged child at a time.

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Nigerian-Born Physician, Dr Oluseyi Breaks U.S Medical Residency Records. Sweeps All 8 Awards

RYNI Media: By Omotayo Stephen . O
18 July 2025


In a landmark moment celebrated by Nigerians and the global Black diaspora, Dr. Timileyin Oluseyi, a Nigerian-born physician based in the United States, has shattered institutional records by being the first resident in his medical residency history to win all eight prestigious awards at his graduation ceremony.

The unprecedented achievement includes top honors for clinical excellence, research, leadership, teaching, patient-centred care, professionalism, innovation, and community service—a sweep never before achieved in the residency’s existence . With performances across every academic and professional measure, Oluseyi outperformed every peer, irrespective of background or race .

But it was the heartfelt cultural salute that captured global attention: during the ceremony, both the program director and department chairman prostrated before Dr. Oluseyi in accordance with Yoruba tradition—a gesture of deep respect reserved for elders and esteemed individuals. The tribute, accredited to careful cultural research by institutional leaders, was described as a powerful testament to both his achievement and heritage .

One senior faculty member remarked, “We’ve never seen anything like this. He raised the bar for this program forever,” underscoring the magnitude of Oluseyi’s success . The emotional ceremony blended seriousness with levity when colleagues famously presented him with a wheelbarrow to “carry all his awards home,” eliciting laughter and applause .

Dr. Oluseyi’s historic feat is resonating far beyond the lecture halls. Nigerian diaspora groups, including NiDCOM, and social media platforms like Reddit and Instagram, have erupted in celebration, calling him a trailblazer and a shining example of Black excellence . Many see his success as a beacon of hope and representation for Nigerian and African youth aspiring to careers in medicine.

This moment comes at a pivotal time, as global conversations increasingly emphasize equitable recognition of Black professionals in historically non-diverse fields. Dr. Oluseyi’s story represents not just personal triumph, but a symbolic victory in dismantling stereotypes and inspiring a new generation of Black and African medical professionals.

As he embarks on his next chapter—be it further fellowship or independent practice—Dr. Timileyin Oluseyi’s unparalleled success positions him as a cultural icon, a clinical visionary, and a role model whose legacy will inspire long after he takes his final bow on stage.

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JUST IN: Tinubu Renames University of Maiduguri After Buhari in Posthumous Tribute

RYNI Media: By Omotayo Stephen . O
17 July 2025

In a sweeping gesture of national remembrance, President Bola Ahmed Tinubu has renamed the University of Maiduguri to Muhammadu Buhari University, immortalizing the late Nigerian leader barely days after his passing.

The announcement was made during a special Federal Executive Council session held Thursday, July 17, in Abuja, convened in honour of the late former President Muhammadu Buhari, who died on Sunday, July 14, at the age of 82 in a London hospital. He was buried two days later at his Daura residence, amid tears, tributes, and the presence of dignitaries from across the nation and beyond.

President Tinubu described the renaming as a symbolic gesture to immortalize a leader whose life, reshaped the Nigerian political landscape. He hailed Buhari’s “unwavering commitment to nationhood, integrity, and service,” adding that his legacy would now live on through the minds and futures shaped within the walls of the newly renamed Muhammadu Buhari University.

The renamed institution — now Muhammadu Buhari University stands as a citadel of tertiary learning in the heart of Nigeria’s northeastern region.

The announcement has stirred waves across the social and political spheres of the country, triggering a mix of admiration, debate, and national reflection. Whether seen as symbolic or strategic, one truth remains: Buhari’s name is now etched not only in Nigeria’s history, but in the future of its education.

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Church Scandal: RCCG Pastor Abscond with $8,000, Dumps Wife, Marries Another in the U.S.

RYNI Media: By Blessing Isiuwa
17 July 2025


In a stunning tale of betrayal cloaked in priestly robes, a Redeemed Christian Church of God (RCCG) pastor has allegedly absconded with $8,000 meant for church missions, abandoned his wife in South Africa, and resurfaced in the United States—married to another woman.

This revelation, which has sent shockwaves through the RCCG community, was made public by Pastor (Mrs.) Folu Adeboye, wife of the General Overseer, Pastor Enoch Adeboye, during a solemn address to RCCG men at a recent gathering.

The drama as reported by Church Times, began in Cape Town, South Africa, during a missionary trip. Pastor Adeboye recounted ministering at a makeshift parish located within an eatery—a humbling reminder of the church’s struggle in that region. As she preached, a woman suddenly began packing the chairs, signaling that the rental time had expired.

Disturbed by the disruption, she inquired about securing a permanent site for worship. The parish pastor, described as a native of Ekiti State, proposed a seemingly ingenious plan: with $8,000, the church could purchase a used vehicle and invest it in the flourishing local tourism sector. The returns, he promised, would be funneled into acquiring permanent church property.

Convinced and encouraged by the prospect of sustainable growth, Pastor Adeboye released the funds. But instead of executing the mission strategy, the pastor executed a vanishing act.

“He disappeared,” she lamented. “He left his wife behind in South Africa—confused, devastated, and nearly driven to madness. He went to America… and married another woman.”

The betrayal has raised pressing questions about moral decay among church leaders and accountability within mission structures. Church Times quoted Pastor Adeboye’s anguished plea to RCCG men: “what are we going to do?” she challenged the audience. “Shall we continue with this lying, deceitful spirit in the house of God?”

Pastor Adeboye drew a sharp contrast between the present trend of manipulation and the church’s early days of sacrifice—when she and her husband ministered under lantern light in Redemption Camp, grinding food with stones despite previously owning modern conveniences.

Her call to action was poignant: “We must return to the old path. The path where Christ leads and we follow, without compromise.”

As investigations reportedly continue behind the scenes, the unnamed pastor’s betrayal has ignited a wider discourse about integrity, greed, and the sacredness of the pastoral calling.

Faith, once lost, may be restored—but trust misused in God’s name carries a weight no stolen dollar can repay.

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Africa’s Investment Paradox: Why the Wealthy Are Looking Outward While the World Looks In

RYNI Media: By Omotayo Stephen .O
17 July 2025


Africa, home to over 1.4 billion people and some of the world’s fastest-growing economies, is increasingly becoming the stage of a puzzling economic drama. On one side, foreign investors are pouring billions into African ventures, seeking untapped markets and long-term gains. On the other, Africa’s own wealthy elite are steadily moving their money overseas—into Western real estate, foreign stocks, and offshore accounts.

According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) into Africa reached $97 billion in 2021, a 147% increase from the previous year, signaling renewed global confidence in the continent’s potential. Meanwhile, the African Wealth Report 2023 by Henley & Partners reveals that over 60% of Africa’s high-net-worth individuals (HNWIs) hold a significant portion of their assets outside the continent.

Why the contradiction?

The answer lies in a combination of perceived domestic risk and global financial pull factors. For many wealthy Africans, home markets are plagued by economic volatility, weak legal protections, and fragile political systems. The Mo Ibrahim Index of African Governance shows that while some countries are progressing, issues like corruption, rule of law, and regulatory instability remain widespread, leading to a “flight to safety” mentality among local investors.

“Many wealthy Africans prefer the predictability of London, New York, or Dubai to the uncertainty they face in their own backyards,” says economist Dr. Bayo Akinlade. “Even profitable businesses can be destabilized overnight by policy shifts or governance failures.”

Additionally, trust in African financial institutions remains low. A World Bank survey (2022) found that nearly 40% of surveyed African entrepreneurs cited regulatory uncertainty and political interference as major barriers to local investment.

But this story isn’t just about fear—it’s also about prestige and global mobility. Offshore investments often provide elite Africans with access to global banking, residency or citizenship-by-investment programs, and elite education systems. These incentives, combined with better access to global capital markets, explain why African capital continues to flow outwards.

Ironically, while African investors look abroad, foreign investors are lining up to enter. The reasons? High returns, first-mover advantage, and long-term strategic positioning.

In private equity, for instance, African funds have delivered annual returns of 11–15%, according to a 2023 report by McKinsey & Company, outperforming many Western markets. Sectors like fintech, agritech, infrastructure, and clean energy offer robust growth potential, with the African Continental Free Trade Area (AfCFTA) projected to create a combined market of $3.4 trillion.

“Africa’s youth, digital adoption, and resource base make it irresistible for forward-thinking global investors,” says Maria Edwards, Senior Analyst at the IFC. “They’re playing the long game.”

This paradox reveals a key challenge for African policymakers: how to restore domestic investor confidence, stem capital flight, and build a more trustworthy investment climate.

Until then, Africa risks becoming a continent where wealth is created locally but stored abroad—while outsiders reap the rewards of a future Africans themselves hesitate to fully claim.

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Dangote’s Maritime Ambition: Africa’s Richest Man Charts Course for Nigeria’s Deepest Port

RYNI Media: By Omotayo Stephen .O
16 July 2025

In a bold stride towards rewriting the narrative of Africa’s maritime infrastructure, billionaire industrialist Aliko Dangote is setting sail on a new frontier — the construction of Nigeria’s largest and deepest seaport along the coastal stretch of Olokola in Ogun State.

This visionary project, recently filed with Nigerian authorities, aims to transform Olokola into a global export hub, seamlessly linking Dangote’s sprawling industrial empire with international markets. The strategic move will not only diversify Nigeria’s economic arteries beyond crude oil but also solidify the nation’s position on the global logistics and liquefied natural gas (LNG) map.

“This is not just about the Dangote Group. It’s about igniting a wave of private sector-led industrialisation across Africa,” Dangote said in a recent interview with Bloomberg. “When others see this, they will believe it can be done.”

The proposed port—destined to surpass the depths and scale of the Lekki Deep Sea Port—signals Dangote’s intention to centralise and streamline exports of petroleum products, fertilisers, and LNG through a custom-built infrastructure ecosystem. It marks a strategic pivot back to Olokola, once earmarked for Dangote’s oil refinery before negotiations with the government fell through, pushing the refinery to Lagos’ Lekki Peninsula.

But this new vision dwarfs past plans.

At the heart of the initiative is an audacious pipeline network stretching from the gas-rich swamps of the Niger Delta to the southwestern coastline, designed to feed LNG into export channels that could rival Nigeria LNG Limited and disrupt the continent’s energy hierarchy.

“We know where the gas is. We will bring it to the coast,” said Devakumar Edwin, vice president of the Dangote Group. “We are aiming to eclipse NLNG’s output — and redefine Africa’s role in the global gas economy.”

The project unfolds amid ongoing international expansion. Dangote is currently exporting fertilisers to countries as far afield as the United States, Brazil, and India, with plans to erect a fertiliser plant in Ethiopia. His ambition? To dethrone Qatar as the world’s top urea producer within the next 40 months, while achieving fertiliser self-sufficiency across Africa.

Meanwhile, the company’s $20 billion, 650,000 bpd refinery—the largest in Africa—has commenced operations and is already reshaping fuel distribution dynamics across the continent. Plans are also underway to construct massive fuel storage facilities in Namibia and to list the petrochemical arm on the Nigerian Stock Exchange by year’s end.

In Dangote’s world, the tides are shifting—and with them, so might the future of Africa’s industrial destiny.

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