Business
Read Prophet Joshua Iginla’s 73 Prophecies for Nigeria and the World
Prophecies are signposts and roadmaps on the journey of destiny. They provide comfort and give assurance from the mind of God concerning the future.
They stabilize us in the midst of the storms of life. When others are concerned and fear grips their hearts, a person with prophetic insight is not moved because he has understanding of the times.
However, you don’t just receive prophecies and go to bed. You have to war with them to bring them to pass or avert them when it’s negative. God reveals to redeem.
You have to hold God at His word and call them to manifestation. Thus, this 72 prophetic insight for 2017 by the Set Man of Champions Royal Assembly, Bro Joshua Iginla for individuals and nations is meant to guide them into what’s at stake and take appropriate precautions where necessary.
1 In 2017, I see more pressure on his excellency, Mr president to sack the incubent CBN Governor. It will take divine Grace for him to remain in that office.
- Senator Saraki. The Senate president should not think that the trials are over. I see more storm and trials that will take a new turn from his enemies and political distractor. They will scheme for his removal. He should be very careful because I see much betrayal of promise. They might backstab him. I see promises made in the secret to him that will not be kept. He should pray that the people in his camp should not see the storm overwhelming him, thus leaving him in the storm.
3 The hardship and poverty in Nigeria will increase. Mr president will do all he can in his power to reshuffle some of his cabinet in order to rescue issues but because his administration has more enemies than friends, they will frustrate all his efforts. However, I see a light at the end of the tunnel but it will not free us from this hardship. Rather , it will increase, it will be strong but I have good news for you, those who know their God will be exempted.
4 I see a part in this country that the military will move swiftly to rescue because of the crisis that will come out of there. it will be like a tail of crocodile slapping the water. It is between 2018 – 2019 that this crisis will blow but in 2017, we will see a symptom of it splashing the water. Sensitive crisis from one part of the nation that needs the current administration to be sensitive and pray about it.
5 I see the issue of flood resuming. I see heavy down pour. I see some of the corruption that has been there over 2 years ago to curb such flood will be exposed because this will affect a lot of buildings.
6 Rivers, Akwa-Ibom, Benue, Kaduna, Adamawa and Plateau should pray against serious attack like herdsmen, terrorism, radical extremist and religious attacks which will increase but God will give us Victory.
- The dollar exchange rate will rise up above 600. It will go up.
8 – His Excellency, Mr President should pray for his health, I see him traveling out for an unscheduled health checkup. But this time, it will be more serious. He should pray for his health, God will keep him.
9 There will be serious attempt to frustrate the Vice President . This attempt will be so strong. There are some cabals that will want him out of the seat. This attempt would not just be by political measures but an attempt through striking of his life as well. He should pray and be careful but the Lord will keep him.
10 The Churches in Nigeria will go through serious persecution. Some major ministries will receive serious court judgement that will be unfavourable but God will keep such ministries. There will be strong persecution. Lets Pray to God to keep the church in Nigeria. God spoke to me and said this is the time Nigeria should be ever united as it has been in the history of the country because what is ahead of us, one cannot fight. It will take measures of too many people connecting with heart and mind to fight.
11 The current government will prevail so much over the issue of Boko Haram but it will not die. Rather, it will take a new dimension. It will worsen but at the tail end between 2017 – 2018, most especially 2018, that’s when we will get the victory better on the issue of Boko haram.
13 I see another monster that will be created before the end of this regime meant to distract the incumbent President and his crew. Just as Boko haram was a distraction to the previous Government. I see another distraction that is coming. It will be stronger than what we heard about. That’s why we should continue to pray not to continue going from one circle of battle to the other.
13 The agitation of Biafra will take another turn. Pray so that this time it should not be bloody. We should pray for Kanu Nnamdi, the biafra leader, because I see an health challenge and I see bitterness and agitation from thissame region he is coming from. And I pray the current admistration is very sensitive over the case of Nnamdi Kanu because what I see is not too good. May the Lord keep Nigeria. Will he come out? Yes! How will he come out? I can’t really tell. I see it as something divine. I don’t see legal issue as a means of removing him from there.
14 I keep repeating this prophecy for the past three years and I’m still repeating it. There is a great man of God whose candle light has finished. There’s nothing we can do about it. This is an home calling to glory and I keep saying this. God said I should re-echo it. This is an important but sensitive minister in the body of Christ. His candle light has gone down but is living by Extra grace. I still see this same prophecy in 2017. I pray God will show mercy and grace on him.
15 We should pray against another terrorist attack in Abuja. God will avert it!
16 A former president and great man should pray to cross this year 2017 to the next year.
17 The clamour for his Excellency, Mr president, to come back in 2019 will be very high. Buhari should be very careful. There’s a lot of judases around him. They are only digging his grave for him unknowingly. He should be very careful.
18 I see a shake in the Government. I see new ministers coming in.
19 The governor of Rivers state will suffer a lot of political persecution but it will not stop what God is about to do.
20 The Lord spoke to me and said what Amaechi was to the ex-president is what Ayo Fayose will become to President Buhari in this regime. The same persecution that Amaechi gave the previous Government is the same persecution Fayose will give Buhari. He should not be underestimated because I see him making a move that may result in revolution.
21 Rivers and Ekiti state Governors should be very careful. There will be attempt even over their lives. I don’t know by which party but that’s what I saw.
22 I see a governor that will narrowly escape death. God will keep him. Infact, he will have to go to the house of God thanksgiving.
23 APC has served its purpose. In 2017, the party will begin to see major Cracks and before 2019 there’s a powerful party that will merge out and will form strong alliance in 2017. It will become solid in 2018. APC has served it’s purpose. It’s like a piece of paper thrown away after being used. APC has served its purpose. A new party that will take Nigeria to the next level will rise up and I don’t know how but I see this party consisting of members of the ruling party and opposition party fusing together causing what I call unwanted diffusion that will lead to a future catastrophe but before it, there is going to be calm on the nerves of Nigerians. Even the new party that will come in is like joining petrol and Kerosine together and mixing it up with water.
24 I’m sorry to say this but it is what I Saw. Nigeria will continue to have old faces ruling this country. They will keep circulating powers among themselves. The faces we will be seeing won’t be really new. They will keep changing from one regime to another till 2031.
- In 2031, I see a face rising up that will take Nigeria to where we ought to be. He is a true David we should look up to. A strong, vibrant, intelligent leader and a bridge maker. By this time, 3 major political fathers who caused change in this generation would have gone to glory.
- God said there are some cabals he’s going to call to glory before the true David emerge.
- I saw a mighty hand sweeping Nigeria. What I saw was a golden fork sweeping but it took time to gather the dirt. It took sometime that is the space of time I saw in my vision
- In 2035, there will be a strong female politician that will rise. She will become very strong, fearless, confrontational and she will be a running mate. That’s a vice president position.
- Between 2039 – 2051, Nigeria will have a female President that will turn the country in another dimension.
- The tension in 2019 will be worse than 2015 election. We must pray against military intervention, please let’s pray as it can be averted.
- We must pray against cancellation of results after election in 2019.
- I see the seat of an African leader empty because of death.
- Some politicians are agitating to rule forever. As long as they are on the seat, there’s nothing anyone can do about it. Hear what God said about them. He said ‘ Is it not the living that will rule? The dead body can’t rule.
- I see thick dark cloud over sokoto. Please pray for sokoto state in 2017.
- Pray for the aviation industry. I saw thick dark cloud on one of the airlines. I pray and I cancel such aircraft crash in Jesus name.
- There will be some cabal in the ruling party that will move the motion to remove the National chairman of the ruling party. They will pass vote of no confidence against him. They will cry and criticise him more. It will be very strong just as it happened in PDP , It will happen in APC. I see the seat of the national ruling party leader shaking before the next election.
- Buhari will do his best to move Nigeria forward but all his best will be thwarted by the enemies of Nigeria. It is not about Buhari, it is about some cabals who are enemies of Nigeria. Though we have angels sitting at the helms of affairs, if this cabal don’t die, Nigeria will remain in a cage.
- There will be mass loss of Job most especially in the banking industry. There will be lot of retrenchment.
- The budget of 2017 will suffer a lot of strong set back in terms of implementation. It is like the spirit will be willing but the flesh will be weak
40 I see a particular deputy governor taking over from a governor. I can’t tell the circumstances that led to this, we should pray.
41 I see a strong terrorist attack in form of chemical weapon against a country in Europe and especially the attack will be carried out on a school. I see children dying helplessly. I pray God will deliver and avert it in Jesus name.
- There will be strong assassination attack against the pope but God will deliver him. The pope will try to bring peace between so many nations that lack peace and he will make major achievements mostly in his peace agenda.
43 America : I see the new president approaching the helm of affair with radical apporach. The American-China relationship will go sour. It will go bitter, cold and that will so much affect a lot of things in some areas in America. So many dirty deals of the past regime will be exposed by the current regime.
- There will be attempt to attack the incoming president of America but God will preserve him.
45 I see some American political elite that will maintain political division and this will affect the performance of the new president. They will not share some of his views and as a result of that, the division will be so strong that it will be evident.
- The conflict between the USA and China will erupt and it will slow the wheel of progress for both Nations.
- There will be an alliance between the USA and Russia and the discussion which will not go down with some political elite and that’s why I said it will slow the wheel of Progress
- The new style of the new American president will weaken the attack of terrorist in some other parts of the world. It will be so strong and the signal will be so strong and there will be major breakththrough than the Obama’s regime
49.INDIA : I see a serious escalating conflict between China and India over the nothern border of Kashmir.
- There will be a great revival in the Nation of India and 6 major prophets will rise up in India that will cause major changes in terms of Christian revival in the nation of India. Christianity in India will soon be a wide fire catching all over and it will be accepted and move forward than ever before.
- I see the government of India having a strong alliance with 3 powerful Nations in 2017. I see it so very strong.
- I see a train accident that will be averted but some people will still die. The hazard will not be as intended by the enemies.
- The political environment in India will be tensed and I see the ruling party holding to power.
CHINA : 54. The economy will be very strong, viable, and it will overtake others economically .
55 China will become a strong threat to world powers mostly of the number one one world powers.
- Between 2018 and 2021, China will be at the top of the chart because of what God showed me.
- There are some super powers we have now that are very strong but will lose the position. Its not as a result of failure but because there’s a shift taking place in th realm of the spirit.
- China should pray against plane crash. I avert it in Jesus Name.
GHANA : 59. Alot of past leaders will go to Jail and the new president will be celebrated for just 6 months and after that he will become unpopular.
- Ghana will soon experience the same challenge like Nigeria. What is happening in Nigeria will be duplicated in Ghana. The new president will do well but his enemies will be more than his intention. I pray for God’s speedy intervention.
FRANCE : 61. There will be relative peace from the first quarter of the year but I still see a co-ordinated attack that will still come inside the Nation’s capital. I cancel it now!
- In france the election will be tough and strong because of some internal rancour. They should pray to sustain their position, because I see the opposition party pushing the ruling party from the helm of affair.
GAMBIA : 63. There will be strong revolution that will take place. I see strong military intervention . God says they should pray against bloodshed.
64 There will be a lot of political dramas. It will cause lot of lives. It will be one that has never be seen. It will become news everywhere.
ZAMBIA : 65. The economy will still be struggling to pickup. The president will do all his best to drag it up and I see it having a steady balance in 2018.
66 : One of the serving ministers should pray to cross to 2018 because I see an attack over his life. God will preserve you in Jesus name.
- A lot of people from the opposition party will form alliance and collapse themselve into the ruling party and will try to give the incumbent President support.
- The president should pray over his health. It will be a major challenge througout his regime but God will still keep him. There’s is no grace for him to come back after this regime because I see lot of judas and funny people that will advise him to return back. He shouldn’t adhere because there is no grace. Have said it before, Zambia president please watch.
CAMEROUN : 69. The government should watch over the border because I see the influx of boko haram entering into the country. They should pray so that Cameroun should not be at the receiving end of what we are chasing from Nigeria.
- The crisis between The English and French speaking parts will worsen but God will bring peace.
71 The president of Cameroun should pray for his health. I see him going overseas for an health treatment. I pray God keeps him.
RUSSIA : 72. The Nation of Russia will have good relationship with USA. Between 2017 – 2018, there will be a relationship Crack between the Russian president and USA president. It will grow sour and become strong. It will become the battle of Ego. It will be like a Lion and Tiger battle.
73 Russia will wax stronger despite any kind of sanctions
Bank
Fidelity Bank grows gross earnings by 38% to N434.95b in Q1
Fidelity Bank grows gross earnings by 38% to N434.95b in Q1
Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share.
Interim report and accounts of Fidelity Bank for the three months ended March 31, 2026 released at the Nigerian Exchange (NGX) showed that gross earnings rose from N315.42 billion in first quarter 20025 to N434.95 billion in first quarter 2026, representing an increase of 37.9 per cent.
The top-line performance was driven by impressive growth in the bank’s core business operations with interest incomes rising by 22.8 per cent to N314.48 billion in first quarter 2026 as against N256.10 billion in first quarter 2025.
With net interest income at N180.97 billion, the bank closed the period with profit before tax of N92.48 billion. After taxes, net profit stood at N74.47 billion for the three-month period. Earnings per share remained high at N5.69, underlining the capacity of the bank to reward its shareholders.
The balance sheet of the bank also emerged stronger. Total assets crossed the N11 trillion mark to N11.35 trillion by March 2026 compared with N10.46 trillion recorded in December 2025. Customers’ deposits increased from N6.89 trillion to N7.38 trillion. Total equity rode on the back of earnings growth to a 27.5 per cent increase from N1.09 trillion in December 2025 to N1.39 trillion by March 2026.
The first quarter 2026 results further consolidated the strong earnings outlook of the bank, which had successfully completed its recapitalisation amidst impressive earnings performance in 2025.
Fidelity Bank had recorded double-digit growths in interest and non-interest incomes as well as key balance sheet items during the year ended December 31, 2025.
The audited report showed that gross earnings rose from N1.04 trillion in 2024 to N1.52 trillion in 2025, an increase of 45.6 per cent. Interest and similar incomes had grown by 38.7 per cent from N803.1 billion in 2024 to N1.11 trillion in 2025. Fees and commission incomes also rose by 44.7 per cent from N78.4 billion to N113.4 billion. The bank recorded net profit after tax of N242.4 billion in 2025.
The bank’s balance sheet emerged stronger with total assets rising by 18.6 per cent to N10.46 trillion in 2025 as against N8.82 trillion in 2024. Customer deposits increased by 16.1 per cent from N5.94 trillion to N6.89 trillion, reflecting continued franchise strength and an improved funding profile. Net loans and advances meanwhile declined by 2.4 per cent to N4.28 trillion in 2025 as against N4.39 trillion in 2024, attributable to customers paying down on their mature obligations.
The bank had in 2025 strengthened its capital position, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy had remained robust, with Capital Adequacy Ratio of 30.94 per cent by December 2025 as against 23.47 per cent by December 2024.
Managing Director, Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, said the first quarter 2026 results reinforced the bank’s strong and resilient business model.
She noted that with the remarkable success of its recapitalisation programme and continuing expansion, Fidelity Bank has entered a new era of growth and impressive returns.
“We are on a stronger footing and confident that we will set new growth records that are reflective of our legacy and the future we are working on,” Onyeali-Ikpe said.
Business
Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU
Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU
The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined petroleum products and strengthening its external position, according to the Economist Intelligence Unit (EIU).
In its latest assessment on Nigeria’s fuel market and regulatory environment, the EIU said the refinery has already transformed a sector that was previously characterised by heavy reliance on imported fuel despite Nigeria being Africa’s largest crude oil producer. The report noted that the refinery met nearly 80 per cent of domestic petrol demand in April and produced enough volumes to satisfy local consumption requirements as operations approached full capacity.
The EIU described Nigeria’s downstream petroleum sector before the refinery as “long dysfunctional”, noting that the country had remained almost entirely dependent on costly imported fuel while producing nearly 1.5 million barrels of crude oil daily.
According to the report, the emergence of the refinery has reduced import dependence, improved domestic fuel availability and strengthened Nigeria’s balance of payments position through lower import demand and rising exports of refined petroleum products.
“The gradual ramp up of the 650,000 barrel/day Dangote refinery since May 2023 has transformed Nigeria’s long dysfunctional downstream sector,” the report stated. “The country’s main refineries, all state owned, had been inoperative for years and Nigeria was almost entirely reliant on costly imported fuel.”
The research and analysis division of The Economist Group, London added that the refinery’s attainment of full operational capacity and its planned expansion would further support Nigeria’s economic growth and foreign exchange earnings over the medium term.
“Meanwhile, the attainment of full capacity at, and an increase in exports from, the Dangote refinery will support real GDP growth and foreign exchange earnings in 2026 and 2027 and beyond, as a planned doubling of the plant’s output comes on stream around the end of the decade,” it added.
Industry analysts said the refinery is increasingly positioning Nigeria as an emerging refining and export hub, altering energy trade flows across Africa and reducing the vulnerability associated with fuel import dependence.
The EIU noted that the refinery’s expansion has coincided with major reforms in Nigeria’s downstream sector, including the removal of fuel subsidies and the introduction of market driven pricing mechanisms.
The report, however, said the transition from a state dominated fuel import structure to large scale domestic refining has triggered resistance from interests linked to the old import regime.
The latest tensions emerged following the decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to relax restrictions on petrol imports despite the refinery’s growing capacity to meet domestic demand.
Dangote Industries subsequently initiated legal action, arguing that continued import approvals undermine domestic refining investments and conflict with the objectives of the Petroleum Industry Act, which seeks to encourage local refining capacity and reduce import dependence.
Analysts noted that the availability of large-scale domestic refining capacity has improved Nigeria’s energy security and reduced exposure to external supply shocks and foreign exchange volatility.
The Centre for the Promotion of Private Enterprise also cautioned against unrestrained importation of petroleum products, warning that such a policy could weaken Nigeria’s industrialisation drive and discourage investments in domestic refining.
Chief Executive Officer of CPPE, Muda Yusuf, said continued dependence on imported fuel had historically contributed to pressure on foreign reserves, exchange rate instability and fiscal leakages.
The refinery’s growing impact is also being reflected in Nigeria’s broader macroeconomic indicators. Earlier this month, S&P Global Ratings cited increased domestic refining capacity and rising hydrocarbon exports among the major factors supporting Nigeria’s sovereign credit rating upgrade – the first in 14 years.
Beyond Nigeria, analysts said the refinery is increasingly being viewed as a strategic industrial asset for Africa, where many countries remain heavily dependent on imported fuel despite rising demand for transportation, manufacturing, and power generation.
Business
BREAKING: Court Dismisses $19.6 Million Claim Against NNPCL — Rules Contract Scope Cannot Be Changed Orally
BREAKING: Court Dismisses $19.6 Million Claim Against NNPCL — Rules Contract Scope Cannot Be Changed Orally
In a landmark ruling on Friday, May 22, 2026, the Federal Capital Territory High Court in Abuja threw out a $19.6 million lawsuit filed by Alternate Dimensions Ventures Ltd against the Nigerian National Petroleum Company Limited (NNPCL), affirming a key legal principle: a written contract cannot be expanded through oral agreements or conduct.
Alternate Dimensions had sought $19,600,000 in professional fees, claiming the scope of its Direct Sale, Direct Purchase (DSDP e-pro) contract with NNPCL was orally expanded. Represented by counsel Patrick Peter, the firm argued it was entitled to the revised sum for services rendered under the alleged new terms.
But NNPCL, through its lawyer Ituah Imhanze of KENNA LP, pushed back sharply, arguing that parties are bound exclusively by the clear terms of their written agreement. Imhanze contended that without any written amendment, the claim was legally unsound, and the court agreed.
Delivering judgment, Justice Hamza Mu’azu upheld NNPCL’s defense, stating that the contract was unambiguous and that no evidence was adduced during the trial, which supported the alleged scope expansion. The court further found that NNPCL fully complied with all contractual terms and committed no breach.
Dismissing the suit as meritless, Justice Mu’azu reinforced the doctrine of sanctity of contract: any amendment to a written agreement must be express, unequivocal, and documented, not implied or verbal.
The ruling spares NNPCL from the S19.6 million claim and also a floodgate of similar potential liabilities.
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