Nigeria News Digest: July 18, 2025

President Tinubu renamed the University of Maiduguri after former President Muhammadu Buhari, praising his legacy of discipline and patriotism, while the Federal Executive Council paid tribute to Buhari's contributions to democracy.

The African Democratic Congress has launched its 2027 manifesto drive, focusing on building a strong ideological foundation before endorsing any presidential candidate amid speculation over potential contenders.

The Bayelsa State Government has warned local government officials against delays in processing pension payments, threatening to transfer treasurers and other officials involved in such practices.

The PDP has urged Nigerians to resist any attempts to postpone the elections, emphasizing the nation's readiness for the polls and the importance of maintaining democratic stability.

Governor Umo Eno of Akwa Ibom State has moved to consolidate his leadership of the APC in the state, working to unify party factions and assert his authority.

General Buratai has warned against any activities that could undermine Nigeria's democracy, reaffirming the army's commitment to remaining neutral and professional during the elections.

Salasi Musa of the PDP has won the Chikun Local Government chairmanship election in Kaduna State, defeating APC candidate Samaila Leeman with 19,402 votes to 14,829.

An EFCC witness testified that $12 million was swapped through SunTrust Bank to purchase an oil block, with transactions occurring over 10 days across multiple branches.

Troops have destroyed 19 illegal refineries and foiled oil theft worth N291 million in the Niger Delta, as part of efforts to combat economic sabotage.

Troops of Operation Safe Haven rejected a N13 million bribe from terrorists in Plateau State, demonstrating their commitment to combating criminal activities.

Activist Scott Iguma has been remanded in custody after being arraigned on charges of cyberstalking and defamation in a Lagos Federal High Court.

Experts warn Nigerians to avoid loan scams by verifying lender approvals and reading user reviews, as fake lending apps continue to target unsuspecting borrowers.

The legacy of former President Buhari has been debated, with discussions on his impact on education, military service, and national development.

Analysts predict the Monetary Policy Committee may lower interest rates at its upcoming July meeting due to decreasing inflation and a stable foreign exchange market.

Analysts anticipate the Central Bank of Nigeria will start reducing its benchmark interest rate in coming months, based on the declining inflation rate and a more stable foreign exchange market.

Nigeria's economy has shown growth in sectors like technology and agriculture during the first half of 2025, but experts warn of persistent inflation and currency instability.

Odu'a Investment Company Limited received an upgraded rating from Agusto & Co., reflecting its improved financial performance and strengthened capital base.

A rally in stocks, including Dangote Cement, pushed the Nigerian market capitalization above N82 trillion, with BUA Cement leading price gains.