Business
FG Assures Investors After Nigeria–US Anti-Terror Operation in Sokoto
The Federal Government says Nigeria’s economy remains stable despite a joint Nigeria–US anti-terror operation in Sokoto on Christmas Day
The Federal Government has reassured investors and international partners of Nigeria’s economic stability following a joint security operation by Nigerian and United States forces in Sokoto State.
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The operation took place on Christmas Day and targeted camps linked to the Islamic State group.
Security forces killed several terrorists, with no reported civilian casualties.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the assurance in a statement dated Sunday and released on Monday via X.
Edun said the operation was intelligence-led and should not be misinterpreted as a sign of internal conflict or instability.
He stressed that Nigeria was not at war with itself or any other nation. He said the country was confronting terrorism in partnership with trusted allies.
“In light of recent enquiries, I wish to reassure investors and partners that Nigeria is not at war,” the statement read.
“What Nigeria is decisively confronting is terrorism, alongside trusted international partners.”
Edun said the security action was precise and focused on protecting lives, national stability, and economic activity.
He added that such actions strengthened peace, safeguarded communities, and supported sustainable economic growth.
“Security and economic stability are inseparable. Every effort to protect Nigerians is pro-growth and pro-investment,” he said.
The minister cited recent macroeconomic indicators to support his position.
He said Nigeria recorded 3.98 per cent GDP growth in the third quarter of 2025.
This followed a 4.23 per cent growth in the second quarter. He said a stronger performance was expected in the fourth quarter.
Edun also said inflation had slowed for the seventh consecutive period and had fallen below 15 per cent.
He attributed the improvement to coordinated fiscal and monetary policies.
On financial markets, Edun said domestic and international debt markets remained stable and efficient.
He added that Nigeria had received credit rating upgrades from Moody’s, Fitch, and Standard & Poor’s over the past year.
Edun said the upgrades reflected confidence in the government’s reforms and economic direction.
He stated that President Bola Ahmed Tinubu’s economic focus for 2026 was to consolidate recent gains and strengthen resilience.
“As markets reopen on Monday, December 29, 2025, investors can remain confident in Nigeria’s stability,” Edun said.
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He added that Nigeria remained open for business and firmly focused on the future.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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