Featured
Boniface Almost Sealed a ₦80 Billion Move to Saudi, Gave Away Designer Clothes

Super Eagles striker Victor Boniface has opened up about a high-profile transfer deal that nearly saw him move to the Saudi Pro League. According to the forward, the move was all but finalized during the January transfer window. Bayer Leverkusen had agreed to a €70 million fee, personal terms were settled, and Boniface had even completed his medicals. Confident that the deal was done, he gave away most of his designer clothes and shoes to friends, fully expecting to start a new chapter in Saudi Arabia.
The Nigerian striker shared that he consulted his elder brother about the move. While his brother initially advised him to wait for a European offer, he reconsidered when the proposed Saudi wage package—reportedly €45 million over three years—was revealed. With everything appearing to align perfectly, Boniface traveled to Frankfurt, staying in a hotel while awaiting final instructions from the club. He prayed and waited for confirmation. But then, unexpectedly, the Saudi team chose to sign Aston Villa’s Jhon Duran instead, abruptly ending the transfer.
Despite the disappointment, Boniface’s career has been on an upward trajectory since joining Bayer Leverkusen in July 2023. He has contributed to 44 goals—scoring 32 and assisting 12—making him one of the most valuable forwards in the Bundesliga. Now at 23, his performances have attracted attention from top European clubs, including AC Milan, suggesting another big move could still be on the horizon.
Boniface’s story offers a glimpse into the unpredictable nature of football transfers, where even finalized deals can fall apart in an instant. For now, he remains focused on continuing his success in Europe and preparing for the next big opportunity in his career.
Business
Yuan Strengthens to 7.1385 Per Dollar Amid Market Adjustments

The Chinese currency, known as the yuan has registered significant gains in value against U.S. dollar, firming up to 7.1385 in the market for foreign exchange. This is a sign of growing confidence in China’s outlook for the economy and signals the proactive measures taken by financial authorities to help stabilize the currency despite the global economic crisis.
Analysts believe that the recent appreciation is the result of targeted intervention and market direction from China’s central bank authorities. With a firmer central parity rate regulators are likely to limit the risk of speculation in trading and to maintain the stability of exchange rates. Central parity serves as the midpoint of the daily trading of yuan-dollar is a major factor in influencing investor sentiment as well as the volatility of the forex market.
The stronger yuan arrives in a time where many emerging markets are struggling with weak currencies due to the strong U.S. dollar and shifting global interest rates. For China the country, a stronger local currency will help lower import prices and reduces inflation pressure and provide economic stability to international and domestic observers.
Although exporters might be feeling a little stingy because of the squeezed margins in foreign markets, importers and companies with debt that is in dollars could gain from the strength of the yuan. It is also viewed as part of a larger effort to increase the confidence of investors and to attract foreign capital during the second quarter in the calendar year.
Market analysts will be monitoring the central bank’s activities, U.S. Federal Reserve policy-making decisions, and other crucial Chinese economy indicators which may affect future movements. At present, the rise in the yuan’s value is evidence of China’s desire to maintain the balance of its financial system, while also navigating an uncertain global economic landscape.
Featured
Reps Approve $347 Million Loan for Lagos-Calabar Highway Upgrade

The House of Representatives has approved a loan of $347 million requested by the president to help fund building the Lagos-Calabar coast highway as well as other infrastructure projects. The decision was made in an open session after a thorough review of the updated funding requirements for the project currently in progress.
The initial estimate was 700 million dollars, the final amount of cost for the Lagos-Calabar Highway has risen up to $747 million. The loan that was approved will bridge the financing gap of $47 million to the project, and 300 million of the funds will be earmarked to funding the Nigerian Universal Communications Access Project. The project is aiming to build 77,000 communication towers throughout areas that are rural or underserved to increase digital access.
After this approval, the overall plan of borrowing for 2025-2026 has been set at around $21.89 billion, which is slightly more than the previous estimate which was $21.54 billion. When presenting the request the president explained that the increase was due to fluctuations in exchange rates as well as additional commitments from credit agencies for exports.
The House Committee on Aids, Loans, and Debt Management was in favor of the request following an evaluation of Nigeria’s current debt burden. The committee said that Nigeria’s debt-to-GDP ratio is viable at approximately 50 percent, which is lower than the threshold of 56% recommended for emerging economies. The committee also observed improvements in efficiency for debt service as debt service is being responsible only 70% the government’s revenue, down from more than 90% in the previous years. A rise of 18% in the projected revenue of the government due to tax reforms, bolstered the argument for approval of loans.
With the legislative support now in place and the administration now has the backing to begin implementing these important infrastructure projects. The main focus will be improving transport infrastructure and extending connectivity to the internet across the nation. Effective oversight and efficient utilization of money will be essential in order to ensure these investments bring lasting social and economic advantages.
Business
French Media Giant Takes Full Control of DStv and GOtv in $3 Billion Deal

A significant shift has been made in the African pay-TV landscape, as a top French media conglomerate concluded the purchase of $3 billion from an elite South African broadcasting company. The deal, which started in mid-2024, and completed regulatory approval in 2025 allows the French firm full control of DStv and GOtv, two of the most well-known pay-TV services in Sub-Saharan Africa.
The acquisition process was conducted using an approach that was phased. Initially the French company increased its shareholding to more than 45 percent, before launching the full purchase offer of R125 for each share. The offer was the equivalent of 67 percent more than the value of the company in the moment. The purchase was received well by investors, which resulted in a majority ownership for the acquirer.
To ensure compliance the South African broadcasting laws that restrict foreign influence The new owners have arranged to restructure the national division responsible for obtaining broadcast licences. An entirely new company will be set up for these functions while local shareholders will hold the 51 percent stake in the economics. This arrangement guarantees that the business is legal and compliant while the control of strategic planning can shift.
The deal puts the French media giant at top of Africa’s most powerful satellite TV service. DStv is known for its extensive reach in over 50 countries, and GOtv which offers mass-market viewers terrestrial services, constitute the foundation of digital TV in nations like Nigeria, Kenya, and South Africa. The agreement will bring both platforms under one broad global strategy with the aim of fighting off competition from other streaming networks from around the world.
The regulatory authorities reviewed the deal with a focus on its economic impacts. There were guidelines to ensure employment, guarantee local content creation, and encourage equity ownership among historically underprivileged groups. The final approval was approved in late May of 2025 and the full integration is expected to be completed at the time the end this year.
For viewers, immediate results could include new content offerings, better streaming capabilities, as well as competitive bundles of services. While the branding will remain the same, changes to operations that are triggered by the company’s parent could alter the strategic directions of platforms.
This new development is the beginning of a fresh chapter in the African media industry. With new investment and oversight from international sources, DStv and GOtv are ready for a change. The next question is the way this global-local partnership will impact the delivery of entertainment, engagement with viewers and technological advancement across the globe.
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