Nestoil, Neconde Reject ‘False, Misleading’ Reports on Supreme Court Proceedings Say apex court declared no winners, losers in lenders’ dispute Deny rift with lawyers, allege attempts to intimidate counsel
Nestoil Nigeria Limited and Neconde Energy Limited have dismissed what they described as false and misleading narra-
tives circulating in sections of insisting that the Supreme Court the print and online media over has not reached any decision an ongoing legal dispute involv- on the merits of the case. In a statement issued on ing a consortium of lenders,
January 13, 2026, the management of both companies said their attention had been drawn to sponsored reports and viral
posts purporting to interpret They stressed that the apex proceedings at the Supreme court neither declared any party Court held on January 12, 2026, Continued on page 8 as conclusive.
FG Approves 2026 Intervention Funds for 271 Tertiary Institutions... Page 5
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Tinubu Signs Comprehensive Economic Pact with United Arab Emirates
Says Nigeria will co-host Investopia with UAE in February Discloses plan to mobilise $30bn annually in climate, green industrial finance Trade deal will benefit Nigerian businesses, professionals, workers, says Oduwole UAE to remove tariffs on over 7,000 Nigerian export products
Deji Elumoye in Abuja
Nigeria yesterday signed a Comprehensive Economic Partnership
Agreement (CEPA) with the United Arab Emirates (UAE) on the side-lines of the 2026 Abu Dhabi Sustainability Week (ADSW). President Bola Tinubu,
who announced this in Abu Dhabi, stated that CEPA was to deepen trade and cooperation in renewable energy, infrastructure, logistics, and digital
trade. Tinubu also disclosed that Nigeria would co-host Investopia with the UAE in Lagos in February, an
initiative aimed at attracting global investors and accelerating sustainable investment inflows. Present at the signing of the
agreement, according to a statement issued by presidential spokesperson, Bayo Onanuga, were Tinubu; his UAE Continued on page 8
Africa Confidential: FG Outguns Biafra Lobbyists Seeking to Influence Trump on Nigeria Pays $750,000 per month to DC lobbyists on US visa policy, military support, trade and tariffs Biafra Group pays Washington Lobbyists $66,000, gets support from Ted Cruz, Mike Pompeo
Story on page 8
SIGNING OF COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT WITH UNITED ARAB EMIRATES...
L-R: Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole; President Bola Ahmed Tinubu; President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan; and United Arab Emirates Minister of Foreign Trade and Minister in-charge of Talent Attraction and Retention, Dr. Thani bin Ahmed Al Zeyoudi, during the signing of the Comprehensive Economic Partnership PHOTO: STATE HOUSE Agreement (CEPA) between Nigeria and the United Arab Emirates at the 2026 Abu Dhabi Sustainability Week, yesterday