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CAF Champions League: Nigeria Puts Faith In MFM, Plateau Utd
Mountain of Fire and Miracles Football Club of Nigeria is unlikely to win the 2018 CAF Champions League, but they boast the most eye-catching name among the 58 contenders.
Known as MFM FC in football circles, the Lagos-based team is funded by the popular Pentecostal Christian organisation, Mountain of Fire and Miracles Ministries.
Nigeria is allocated two places on merit in the elite African club competition and they will be filled by national champions, Plateau United and runners-up MFM.
The draw for the preliminary and first rounds of the Champions League will be made in Cairo on Wednesday (today) at the headquarters of the Confederation of African Football.
Mountain of Fire and Miracles, which plays in a modest 5,200-seat stadium, is one of the most striking football club names in Africa.
Others include 11 Men in Flight of Swaziland, Mysterious Dwarfs of Ghana, Chicken Inn of Zimbabwe, Invincible XI of Liberia and Naughty Boys of Botswana.
Nigerians hope Plateau United and MFM can go far in a competition where many clubs from the African football powerhouse have made embarrassingly early exits.
Last year, Enugu Rangers and Rivers United failed to get past the first round and into the group phase with the latter surrendering a three-goal first-leg advantage.
Enyimba are the only Nigerian club to win the Champions League, lifting the trophy in 2003 and staging a successful defence the following year.
Alongside record eight-time champions Al Ahly of Egypt and TP Mazembe of the Democratic Republic of Congo, they are the only three clubs to win back-to-back Champions League titles.
Ahly and five-time title-holders Mazembe are among the 58 entrants in a competition won for a second time by Wydad Casablanca of Morocco this year.
They edged Ahly 1-0 in the second leg of the final in Casablanca after exceeding expectations in Alexandria by forcing a 1-1 draw.
Esperance and Etoile Sahel of Tunisia, Entente Setif and Mouloudia Alger of Algeria, ASEC of the Ivory Coast, Mamelodi Sundowns of South Africa and V Club of DR Congo are other former champions in the field.
AC Leopards of Congo Brazzaville, Al Merrikh of Sudan, Gor Mahia of Kenya, Horoya of Guinea and Stade Malien of Mali have won second-tier CAF competitions.
The two-leg preliminary round ties are scheduled for February and the first round for March with the opening group games during May.
It requires 14 or 16 matches to become African champions with the rewards including a $2.5 million (about €2.1million) prize and qualification for the FIFA Club World Cup.
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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