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SATURDAY 4TH JULY 2026

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European Bank for Reconstruction, Development Plans $1.5bn Investment in Nigeria, Prioritises Power Sector Commits $280m in first year of operations

Nume Ekeghe The

European

Bank

for Reconstruction and Development (EBRD) yesterday announced plans

to invest at least $1.5 billion in Nigeria over the next three years, following the country's

admission as a shareholder of the multilateral lender in July 2025.

The bank also disclosed that it had already committed $280 million to investments

in Nigeria within its first year Continued on page 5

2027: INEC Extends Nationwide CVR by Two Weeks...

Page 5

Saturday July 4, 2026 Vol 31. No 11409

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US Troop Drawdown Raises Fresh Concerns over Nigeria's Counterterrorism Readiness Linus Aleke in Abuja

L-R: Chairman, State House Press Corps, Emmanuel Anule; Secretary to the Government of Federation, George Akume; Zamfara State Governor, Dauda Lawal; President Bola Tinubu; Special Adviser to the President on Information and Strategy, Bayo Onanuga; Chief of Staff to the President, Femi Gbajabiamila, and Minister of Information and National Orientation, Mohammed Idris, during the conferment of Grand Patron of the State House Press Corps on the President at the Inaugural Press Corps Dinner in Abuja PHOTO: GODWIN OMOIGUI

Security experts have expressed divergent opinions on Nigeria’s capacity to independently sustain counterterrorism operations following the recent drawdown Continued on page 5

GHL Floors First Bank as Supreme Court Orders Handover of FPSO to Oil Company Voids appeal court judgement Says FBN failed to meet MoU obligations to GHL Lawyer: Nigeria lost $70m to oil company, bank’s legal battle Alex Enumah in Abuja In a landmark judgment that reshapes one of Nigeria's most closely watched oil industry disputes, the Supreme Court yesterday ordered the immediate handover of the crude oil aboard the FPSO

Tamara Tokoni to General Hydrocarbons Limited (GHL), overturning the basis of the prolonged legal tussle. The apex court issued the order shortly after it set aside the orders of the Court of Continued on page 5

Matawalle: ADC JudgementVindicatesTinubu COMMEMORATING UNITED STATES’ 250TH INDEPENDENCE... United States Consul General, Rick Swart; his spouse, Mrs. Bonnie Swart, and Chairman and Editor-in-Chief, THISDAY/ARISE Media Group, on Judiciary, One-Party State Claims... Page 7 L-R: Prince Nduka Obaigbena, during the 250th US Independence Day celebration in Lagos…recently


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SATURDAY 4TH JULY 2026 by THISDAY Newspapers Ltd - Issuu