Tuesday, June 30, 2026

Gunmen abduct students during exams in Nigeria

Gunmen stormed a secondary school in Nigeria’s northeastern Borno state on Monday morning and abducted students while they were sitting national examinations, police said.

The attack took place at Government Day Secondary School in the town of Lassa, where teenagers aged around 16 to 17 were taking exams when armed attackers burst in and opened fire.

Nigeria’s military said troops tracked the attackers and engaged them in a firefight, during which one soldier and one member of a paramilitary support force were killed.

Officials said 10 students and teachers were rescued during the operation and were found unharmed. They are now receiving care.

However, authorities confirmed that several students remain missing, and the total number of those abducted is still being verified.

Borno police spokesperson Nahum Kenneth Daso said security agencies, including the military and police, were searching nearby forests in an effort to locate and rescue the missing students.

Military spokesperson Captain Mohammed Goni said search operations were continuing.


Insecurity in Borno state

The attack highlights the ongoing security challenges in Nigeria’s northeast, particularly in Borno state, which remains the centre of a long-running insurgency.

Armed groups, including Boko Haram and Islamic State West Africa Province (ISWAP), have operated in the region for more than 15 years, carrying out attacks on civilians, schools, and security forces.

Nigeria continues to face multiple overlapping security threats beyond the northeast insurgency, including mass kidnappings for ransom by armed gangs and recurring communal violence in other regions.

School abductions have become a recurring tactic in parts of the country, fuelling fear among communities and disrupting education in already vulnerable areas.

By Fidan Sayyadli, Reuters

Switzerland returns 18 looted Benin Bronzes to Nigeria

 


Three Swiss museums have returned 18 Benin Bronzes to Nigeria, a new step in the African's country decades-long struggle to repatriate its looted cultural heritage.

Nigeria’s stolen cultural heritage is slowly coming back home.

On Monday, Swiss authorities returned 18 artefacts looted during the colonial era to Nigeria in a ceremony at the National Museum in Lagos.

The restitution is the result of a collaborative process between Swiss museums and their Nigerian partners under the Benin Initiative Switzerland. The programme was launched in 2021 to investigate the provenance of Benin objects in Swiss collections.

Monday’s ceremony marked the first step in the implementation of an agreement signed in March 2026, in which Switzerland agreed to eventually transfer ownership of 28 pieces to Nigeria.

“The return of our cultural heritage marks more than the recovery of artefacts. It reflects the power of dialogue, trust, and international cooperation,” Nigeria’s culture minister Hannatu Musa Musawa said on X.

Fourteen of the pieces came from the Ethnographic Museum at the University of Zurich, two from the Museum Rietberg Zurich, and two from the Musée d’Ethnographie de Genève.

The 18 artefacts are part of the country’s famous Benin Bronzes, a group of hundreds of sculptures and plaques mostly made of metal and ivory that decorated the royal palace of the Kingdom of Benin, now the Southern Nigerian Edo state. They performed political and religious functions and were essential to the kingdom's power.

British colonial forces stole most of these objects during a brutal punitive expedition that killed thousands of people in 1897.

After the violent raid, the Kingdom of Benin was absorbed into colonial Nigeria. The stolen pieces were eventually sold to over 130 museums in 20 countries, mostly in the United Kingdom and Germany.

The handover ceremony in Lagos also included the restitution of a bronze bracelet and four archaeological monoliths from Nigeria’s Niger Delta region which were “seized in Switzerland as part of criminal proceedings and subsequently transferred to the state,” the Swiss Federal Department of Home Affairs said in a statement.

Switzerland and Nigeria also signed a cooperation agreement aiming to further the protection of cultural heritage, as part of “a broader effort to address historical injustice.”


A decades-long restitution battle

Art historians have shown that African states’ and communities’ calls for the return of artefacts looted during the colonial period are as old as the thefts themselves. But effective returns have only started to materialise in recent years, with Nigeria among the countries at the forefront of this struggle.

Last year, the Netherlands returned 119 Benin Bronzes to Nigeria, the largest physical restitution of such artefacts to the country to date.

In February 2026, the University of Cambridge transferred legal ownership of 116 Benin Bronzes to Nigeria’s National Commission for Museums and Monuments (NCMM), with the physical transfer still to be arranged.

Other African countries have had wins in that field. Benin received 26 royal treasures from France in 2021, a process depicted in Mati Diop’s award-winning documentary Dahomey. French colonial troops had stolen the pieces during the 1892 colonisation of the Dahomey kingdom.

Earlier this year, French authorities also returned the Djidji Ayôkwé, a sacred talking drum, to Ivory Coast, 110 years after it was seized by colonial authorities.

But the restitution battle remains plagued by reservations and conflicts. Nigeria sent a formal repatriation request to the British Museum in October 2021. The institution retains over 900 objects from the Kingdom of Benin, including 203 Benin Bronzes, but has so far refused to return them under the argument that its collections are legally unalienable.

Ownership disputes can go on even after the repatriation is completed. In November 2025, protesters disrupted the opening of the Museum of West African Art in Nigeria’s Benin City over claims that its handling of repatriated artefacts violated the authority of the city’s traditional rulers. The museum’s launch was postponed sine die.

Some of the artefacts returned by Switzerland on Monday will be on display at the National Museum in Lagos, while most of them will return to their original home in Edo State, where they will be temporarily stored at the National Museum in Benin City.

“The NCMM plans to establish a world-class gallery to display all the recently returned Benin Artefacts, which will include not only the Swiss returns but also the artefacts returned last year from the Netherlands and the expected Cambridge returns,” said the Swiss Federal Department of Home Affairs.

By Sarah Miansoni, euronews


Nigerians offer artworks to British Museum in new take on looted bronzes

Monday, June 29, 2026

Nigerians turning to stablecoins to move money across borders



A growing number of Nigerians are using stablecoins to send and receive cross-border payments faster and at lower cost than traditional banking systems. Businesses say the digital assets, pegged to the US dollar, help cut delays, reduce fees, and simplify international transactions.

Nigeria Announces Major Polymetallic Discovery Containing Copper and Other Critical Minerals

Nigeria has announced the discovery of a new polymetallic mineral province in Kaduna State containing copper, nickel, lithium, rare earth elements, platinum group metals and gold, describing it as one of the country's most significant critical minerals discoveries in recent years. 

The discovery was made by Steron Mining in collaboration with the Nigerian Geological Survey Agency (NGSA). At the same time, Steron Mining reported approximately 3.3 million tonnes of lithium reserves at its Abuja project, with total mineral resources estimated at 94.8 million tonnes. 

The Nigerian government said it will continue promoting domestic mineral processing and value-added development to strengthen its position in the global critical minerals supply chain. That infrastructure, power supply and regulatory challenges remain key factors affecting future project development.

Africa's richest man signs $400 million China equipment deal as refinery expansion targets 1.4 million bpd

 

Africa’s richest man, Aliko Dangote is deepening his bet on Nigeria’s refining future with a Chinese equipment deal aimed at turning his Lagos refinery into one of the world’s largest fuel-processing hubs.

Dangote Group signed a $400 million equipment agreement with China’s Xuzhou Construction Machinery Group, known as XCMG, to support the expansion of the Dangote Petroleum Refinery and other industrial projects.

The deal is expected to help the group double the refinery’s capacity from 650,000 barrels per day to about 1.4 million barrels per day within three years.

If completed, the expansion would place the Lekki-based plant in the same league as Reliance Industries’ Jamnagar refinery in India, currently regarded as the world’s largest single-site refining complex.

For Dangote, the agreement is more than a machinery purchase. It is part of a wider plan to turn Nigeria from a fuel-import dependent economy into a major supplier of refined petroleum products across Africa and beyond.

The refinery has already begun changing trade flows in the region. Reuters reported earlier this month that the facility processed 700,000 barrels per day during a performance test, above its official 650,000 bpd nameplate capacity.

The plant, which started operations in 2024, produces petrol, diesel and jet fuel for the Nigerian market while also exporting refined products to other African countries, Europe, the United States and Saudi Arabia.

That shift is significant for Nigeria, Africa’s largest oil producer, which for decades exported crude oil but relied heavily on imported fuel because of weak domestic refining capacity.

The XCMG deal also highlights China’s growing role in Africa’s industrial expansion. Chinese firms have become major suppliers of infrastructure equipment across the continent, offering large-scale machinery at prices and timelines many African companies consider more competitive than Western alternatives.

The refinery is preparing for a major capital raise ahead of a planned listing. The company had earlier this month sought about $1 billion through a private placement, valuing the refinery at about $39.1 billion. Investor demand had already exceeded $2 billion.

That valuation would make the refinery one of Africa’s most valuable privately built industrial assets.

Dangote has framed the refinery as a long-term industrial bet on Africa, not just Nigeria. The planned expansion would increase fuel supply, deepen petrochemical production and strengthen Nigeria’s position in regional energy markets.

However, the scale of the project also comes with risks. The first phase of the refinery took more than a decade to complete and faced delays, funding pressure and crude supply challenges.

The second phase will test whether Dangote can expand faster while maintaining stable crude supply, regulatory support and export demand.

Still, if the expansion succeeds, it could reshape Africa’s fuel market and give Nigeria a rare advantage in a sector where it has long underperformed despite being one of the continent’s biggest crude oil producers.

By Ayodeji Adegboyega, Business Insider Africa