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Preparing For Nigeria’s Biggest Election

Lagos, Anambra, Imo Voters Were Intimidated - CDD

This is the moment we have all been waiting for. Nigeria‘s most anticipated election, the season Nigerians will perform their civic duties to vote in their preferred/qualified candidate.

With Nigeria’s most important election only three days away, it is critical that all stakeholders take the necessary steps to ensure a successful and peaceful election.

Here are some preparation tips for the upcoming election:

Polling Unit

Know your polling unit: It is critical to know your polling unit because this is where you will vote. Check your voter’s card or go to the Independent National Electoral Commission (INEC) website to find your polling unit.

INEC’s tweet about polling unit

Registration Status

Check your voter registration status. Make sure you’re registered to vote and your name is on the voter list. You can check the status of your voter registration by visiting the INEC website.

Candidates

It is critical to learn about the candidates running for office as well as their platforms. Investigate their track record, promises, and future plans if elected. This will allow you to make an informed decision when voting.

Before going to vote, learn your candidate’s political party and its logo.

Abenol a platform for nation building that connects tech-savvy and educated Nigerians to the grassroots; urged Nigerians to not only vote for a presidential candidate but be involved in all of the elections.

“There are many people seeking to represent you at various levels of government not just the presidency. Each position is of equal importance and the same attention to detail should be given,” Abenol said.

“It is how you exert the control you have over the government, push back bad leadership etc. if the state of Nigeria concerns you so much, you will not leave your card lying around on the day of the election, you will infact come out and vote.”

Electoral Rules

Understand the election rules, including the voting process, time, and location.

Knowing the rules will ensure that you understand what is expected of you and that you do not break any rules inadvertently.

Plan your waka well

Plan ahead of time for transportation to and from the polling place. Make sure you have enough time to get to the polling place and that you have enough resources, such as food, water, and money.

Inform your loved ones about your plans.

Security

Be aware of any security threats in your area and take the necessary precautions. Avoid high-risk areas and report any suspicious activity to the appropriate authorities.

Protect yourself, do not go towards any riot or sponsor it. If you have a security dog feel free to take it along but but it on a leash and do not let it attack anyone.

Do not wear any political outfit!

The federal government may have deployed security personnel to protect cities, but will they be present at all polling places? Protect yourself by using “The N-Alert App” to report any suspicious or violent behavior.

‘The N-Alert App’ is a mobile app that allows you to report any type of crime and receive a quick response because it is routed directly to the command center.

The app is very simple to use, so please encourage anyone you know who is voting to download it and it is available for download on both iOS and Android.

Secure your votes

Don’t just vote and go home. Go early to your polling unit, make sure the electoral materials have not been tampered with and after voting, make sure that your votes are not stolen. Make sure that the electoral officer uploads your vote.

It is easy for your polling unit to be attacked, for your votes to stolen or rendered void if there is no one to stop them. Stay back and make sure that the right thing is done.

“Go early and stay until the votes in your unit have been submitted. Don’t just vote and go home, stay to protect your vote. This will help keep the officials accountable and make election violence less likely,” Laju Iren tweeted.

To summarize, all stakeholders must work together to prepare for Nigeria’s election in three days. We can ensure a successful, peaceful, and transparent election that reflects the will of the people if we follow these guidelines. Let us all work together to make this election a success.

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Eating On A Budget: Save Money By Growing Your Food

First Aquagrico Farms To Build Nigeria's Largest Farmer's Market

Eating on a budget seems like a hard task in Nigeria especially with the rate of inflation and trying to avoid eating rice everyday.

Eating out can be expensive either it is at a big or small restaurant. Buying groceries frequently takes a chunk of your money.

Sometimes we try to count our money to calculate how much we spent; especially when our wallets are slim and our bank accounts are not smiling.

How can we reduce our spending? What can we do to eat healthy while maintaining a budget?

Eating healthy on a budget is not impossible. One of the ways to achieve it is to have a garden and grow your food.

Growing your food might seem extreme or overly expensive. No need to fear, you can start small.

As small as spring onions or pepper then work your way up to other agricultural produce.

Eating on a budget; how to

Growing your own fruits and vegetables is a great way to save money and have fresh produce at your fingertips if you have the space.

Having a steady supply of fresh produce at home can help you save money at the grocery store.

What should you plant?

You can start with the things you usually use; like ginger, spring onions, cabbage or even tomatoes. Take a look at the tools you have and watch videos that will help you decide what to start with, how to plant and when to plant.

How to plant

Watch videos and read articles on how to plant and how to maintain your garden.

Where to plant?

Start on a small scale. Many fruits, vegetables, and herbs can be grown in pots on patios or balconies especially if you don’t have a yard.

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Snapchat, Twitter May Be Sanctioned Over Display Of Porn And Nudity

Snapchat, Twitter May Be Sanctioned Over Display Of Porn And Nudity

Snapchat, Twitter, and other social media sites may be sanctioned by the Federal Government over the display of porn and nudity on the Nigerian cyberspace. This is as the National Information Technology Development Agency (NITDA) released the Code of Practice for Interactive Computer Service Platforms/Internet Intermediaries (online platforms).

Part of the order included in the code is that -Snapchat, Twitter, TikTok, and other social media must ensure the removal, disabling, or blocking of access to any non-consensual content, which displays partial or full nudity, sexual acts, deep fake, or revenge porn within 24 hours.

The code mandated the social media platforms to “act expeditiously to remove, disable, or block access to non-consensual content that exposes a person’s private areas, full or partial nudity, sexual act, or revenge porn, where such content is targeted to harass, disrepute, or intimidate an individual. A Platform must acknowledge the receipt of the complaint and take down the content within 24 hours.”

Other things require of Snapchat, Twitter, and other social media platforms

  • The Code of Practice also directs these platforms to take down any unlawful content upon receiving a notice from a user, or an authorised government agency.
  • The platforms were also asked to exercise due diligence to ensure that no unlawful content is uploaded to their platform.
  • Aside from asking each online platform to have a country representative, who will interface with the Nigerian authorities, it also requires any platform with over 100,000 Nigerian users to have an office in Nigeria.
  • Other conditions include registering with the Corporate Affairs Commission as a legal entity, complying with tax obligations, abiding by regulatory and legal demands, and providing information about users on-demand, among others.

BizWatch Nigeria, however, understands that the Code of Practice recently published by the NITDA was designed to safeguard the fundamental human rights of Nigerians and non-Nigerians living in Nigeria, and to regulate interactions on the online platform.

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World Bank: Poor Nigerians To Hit 95.1m By End Of 2022

World Bank: Poor Nigerians To Hit 95.1m By End Of 2022

World Bank, in its ‘A Better Future for All Nigerians: 2022 Nigeria Poverty Assessment’ report, disclosed that the number of Nigerians that would plunge into poverty by the end of this year would hit 95.1 million.

While warning that many non-poor Nigerians are only one small shock away from falling into poverty, the Washington-based lender lamented that since President Muhammadu Buhari was first elected into the office of president of Nigeria in 2015, there has been no improvement in the poverty crisis in the country.

According to World Bank, poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over the years.

Quoting its economists -Jonathan Lain and Jakob Engel, World Bank said rising inflation, persistent population growth, the COVID-19 pandemic, and the war in Ukraine are threatening Nigeria’s poverty reduction aspiration.

“Nigeria’s aspiration to lift all of its people out of poverty by 2030 presents a serious challenge. Even before COVID-19, four in 10 Nigerians lived below the national poverty line – some 80 million people.

“The global pandemic, rising inflation, and ongoing uncertainty related to the war in Ukraine – combined with relentless population growth – have made Nigeria’s poverty-reduction goals more challenging than ever,” the economists were quoted.

Can Buhari truly lift Nigerians out of poverty?

With the factors identified by the World Bank economists, Buhari’s aspiration to lift Nigerians out of poverty has no doubt been met with a major blow.

It would be recalled that in June last year, the President inaugurated the National Steering Committee of the National Poverty Reduction with Growth Strategy chaired by Vice President Yemi Osinbajo.

This, he said, re-echoes his commitment to lifting 100 million Nigerians out of poverty in 10 years, with a well-researched framework for implementation and funding.

The president was quoted in a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina, as saying, “If India can lift 271 million people out of poverty between 2006 and 2016, Nigeria can surely lift 100 million out of poverty in 10 years.

“Fortunately, we have already started but we need to unlock the challenges of slow implementation, inappropriate targeting, and absence of adequate resources.”

World Bank To Review Poverty Index Over Inflation 

Dollar To Naira: This Is Why Banks Are Restricting Access To Forex

Dollar To Naira Exchange Rate Today (Thur. July. 13, 2023)

For travellers, and for others seeking dollar to naira in exchange for one thing or the other, they are likely to experience stricter access to it considering the country’s external reserves that hit a seven-month low after falling to $38.57 billion as of May 25, 2022.

According to figures obtained from the Central Bank of Nigeria (CBN) on movement in external reserves, the reserves which had been fluctuating for weeks now, experienced its lowest of $39.01 billion and $38.39 billion on October 10 and 8, 2021 respectively.

However, as a result of the dollar to naira scarcity, banks are extending the waiting period to access forex for foreign trips, thereby denying travellers with urgent trips access to apply for Personal Travel Allowance or the Business Travel Allowance requests.

The banks have also been reducing the amount a customer can spend on the cards in dollar terms.

Explaining Ecobank Nigeria’s current stand on retail forex transactions for international school fees, accommodation and upkeep payments as well as PTA/BTA requests, the financial institution’s Head, Consumer Banking, Korede Demola-Adeniyi said, “Due to current market trends, we require a 30-day window to complete requests for school fees, accommodation, and upkeep.

According to him, part of the process involved a review of all documents to ensure compliance with regulatory requirements.

“In order to ensure smooth service and allow disbursement of PTA/BTA within the timeline, we request that applications are submitted with the required documentation,’ he added.

Like Ecobank, Access Bank stated: “All requests are reviewed to ensure that they meet regulatory requirements. In addition, due to limited forex availability provided by the Central Bank of Nigeria, we require a 30-day period to fulfill requests for school fees, upkeep, and rent payment.

“However, for PTA/BTA, we request that you submit your application 14 days before your proposed travel date to allow disbursement within the timeline.”

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Africa Finance Corporation Launches US$2bn Facility To Support Economic Recovery & Resilience In Africa

In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2billion facility to support recovery and resilience in Africa.

AFC has committed to funding up to 50% of the new African Economic Resilience Facility and mobilising the remainder through the Corporation’s network of international partners and investors. The facility will be announced at the AFC Live Infrastructure Solutions Summit today.

The facility will be disbursed through loans from AFC to selected commercial banks, regional development banks and central banks in various African countries, providing them with much needed hard currency liquidity to finance trade and other economic activities in their jurisdictions.

These institutions will be able to leverage AFC’s proven access to global funding to receive financing at competitive rates.

Speaking on the rationale behind the launch, Head of Treasury and Financial Institutions, Banji Fehintola, said: “The COVID-19 pandemic set back Africa’s economic growth trajectory and widened the trade financing gap, while the Russia-Ukraine conflict has added a further set of challenges negatively impacting growth prospects across the continent.

“We are determined to play a leading role in helping the continent’s recovery and resilience, not only though the work we do in bridging Africa’s infrastructure gap, but also through targeted interventions such as this US$2billion economic resilience facility.”

Applications for the African Economic Resilience Facility will open this month through AFC’s website.

Through this funding intervention, AFC will accelerate its developmental impact in Africa, helping to drive the continent to a new phase of growth that is focused on maximum resource value capture and domestic job creation.

Over the last 15 years, AFC has built experience mobilising global capital for critical infrastructure projects in Africa.

The Corporation’s recent bond issues include a US$750million 7-year Eurobond issued in 2021 at AFC’s lowest yield to date. The Corporation also established an independent asset management arm, AFC Capital Partners, with plans to raise US$2 billion to fund climate adaptation infrastructure projects in Africa.

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#IWD2022: Is Nigeria Ready For A Female President?

Break The Bias: Is Nigeria Ready For A Female President?

To commemorate International Women’s Day 2022, themed “Break The Bias” BizWatch Nigeria presents Twitter Spaces conversation on Wednesday, March 9th 2022 tagged “Break The Bias: Is Nigeria Ready For A Female President?”

International Women’s Day is marked every year to celebrate women all around the world, eradicate gender bias and fight for gender equality. Clearly, we have a long way to go to achieve gender equality.

Follow this link https://twitter.com/i/spaces/1mrGmaNrdvgGy to join the conversation on Twitter by 7 pm (WAT).

BizWatch Nigeria to mark this year’s International Women’s Day will have a Twitter Spaces Conversation by 7 pm (WAT) to provide solutions to gender bias and to discuss the following;

  • Gender bias
  • Issues in society
  • Empowering young girls and women
  • Gender equality and equity
  • Women in business and leadership
  • The role of the female gender in restoring Nigeria
  • Is Nigeria ready for a female president?
  • The rejected gender bills
  • Under representation of women in politics and government

The aim of this event is to celebrate women, eliminate gender bias and educate people on gender equality.

The speakers for the event are: Hansatu Adegbite, the Executive Director of WiMBIZ, Seyo Body-Lawson; a renowned entrepreneur and photographer, Gbemi Aleke; a Deputy Director of Account Management and Strategy at TBWA Lagos and Betty Abah; a seasoned journalist, women and children’s right activist and the Director of CEE-HOPE. The Twitter Spaces conversation will be hosted by Adepeju Aina, a content creator at BizWatch Nigeria.

Join our conversation on Twitter as we provide solutions to gender equality and as we break the bias!

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6 Multinational Oil Companies To Pay ₦249.3b In January – NNPC

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The Nigerian National Petroleum Company (NNPC) said that a total of ₦249.3 billion for October 2021 domestic crude oil sales by six multinational oil companies operating in the upstream sector will be paid in January 2022.

The NNPC made this known in its latest report on Nigeria’s crude oil export and domestic crude oil sales in the month of October 2021.

This came as the oil firm revealed that it would also deduct ₦270.83 billion from what would be shared by the three tiers of government during the Federal Accounts Allocation Committee meeting in January next year.

It said the ₦270.83 billion was its November 2021 value shortfall. The NNPC posts value shortfalls as a result of what it spends on the monthly subsidy of Premium Motor Spirit, popularly called petrol.

On oil sales, the oil company explained in the report that while the October 2021 crude oil exports of 50,000 barrels under the Production Sharing Contract, valued at $4.18 million was payable in November 2021, the October 2021 domestic crude oil payment expected in January 2022 from the six firms is ₦249.3 billion.

The company further noted that the October 2021 domestic crude oil payable in January 2022 by the NNPC was in line with the 90 days payment terms, adding that the six firms were its Joint Venture partners.

Oil firms

It outlined the firms from where the funds were being expected to include Chevron Nigeria Limited (CNL), Mobil Producing Nigeria (MPN), Shell Petroleum Development Company (SPDC), MidWestern, Pillar and First Exploration and Production.

It said CNL would be paying for 2.268 million barrels of domestic crude valued at ₦73.85 billion, while MPN would remit ₦123.22 billion for 3.8 million barrels of domestic crude oil.

The SPDC and MidWestern would be paying for 828,556 and 100,000 barrels of domestic crude oil valued at ₦26.966 billion and ₦3.25 billion, respectively.

For Pillar and First E&P, the firms would pay for 20,000 and 649,677 barrels of domestic crude oil valued at N650.91m and N21.36bn, respectively.

The report put the total volume of domestic crude oil payable by the firms in January 2022 at 7.666 million barrels, while the value of the commodity was put at ₦249.3 billion.

“This value shortfall consists of ₦220,110,853,427.56 for November and ₦50,720,290,429.00 deferred for recovery in December 2021 FAAC Report.”

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Nigeria, Developing Africa Group Sign MoU On Creation Of Intellectual Property Commercialisation Project

Nigeria, Developing Africa Group Sign MoU On Creation Of Intellectual Property Commercialisation Project

The Federal Government has signed a memorandum of understanding (MoU) with Developing Africa Group from UK, to establish the first in Africa first intellectual property rights (IPR) commercialization project in Nigeria.

The Head of Press and Public Relations of the Ministry of industry, Trade and Investment, Ibrahim Haruna disclosed the information.

The Minister of Industry, Trade and Investment,, Adeniyi Adebayo, was quoted as saying that the MoU would enable the group to use IPR as a means of resolving some of the issues and challenges facing Nigeria as well as provide jobs and trade services.

According to the minister, the pilot project was structured for a period of three years.

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“This is to address some of the issues surrounding unemployment and allow rural communities in Nigeria to start attracting commercial interests,” he said.

“Since trademarks are crucial to the promotion of trade and economic development, and Nigeria happens to be one of the strong regional hubs of trade in Africa being the continent’s biggest economy.

“It is no surprise that it has attracted the world’s IP governing body in Abuja, as Nigeria hosted one of the only two World Intellectual Property Office’s (WIPO) external offices in Africa.

“Africa in general and Nigeria in particular, faces an enormous challenge of industrialisation and unemployment generation given the significant population growth.

“The African Development Bank estimates that youth unemployment is twice as high as that of adults and that young people account for approximately 60 per cent of the continent’s jobless population.

“The problem is only set to become more acute given estimates that some 12 million young people on the continent enter the job market each year.”

The minister advised the group to collaborate with the WIPO Office in Nigeria to accomplish the goals.

The chairperson of the group, Jamila Ahmadu-Suka, assured that the use of the IPR would introduce a several technology-based projects in the country.

Pipeline Explosion Won’t Disrupt Flow Of Petroleum Products- NNPC

NNPC Says Fuel Scarcity Will End Next Week

The Nigerian National Petroleum Company (NNPC) has stated that the pipeline fire at Iyana-Odo/Baruwa axis of Lagos will not unsettle the supply of petroleum products across the country.

NNPC’s Group Managing Director, Mele Kyari, stated this on Friday during a visit to the scene of the incident.

The collapse of an electricity transmission tower on the pipeline on Friday resulted in the fire.

The NNPC GMD, who was represented by Isiyaku Abdullahi, managing director, Pipelines and Products Marketing Company (PPMC) Ltd, stated that the fire incident affected a portion of system 2B pipeline within the area, noting that the visit was to ascertain the extent of the incident.

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“We want to assure Nigerians that this incident will not affect the supply and distribution of petroleum products across the country,” he said.

Kyari staed further that official of the national oil company were working with the Lagos government and other relevant authorities to permanently put out the fire.

Confirming the incident earlier on Friday, Ibrahim Farinloye, acting coordinator, south-west zonal office of the National Emergency Management Agency (NEMA), said sparks from the collapsed tower led to the fire outbreak.

“The electricity cable collapse led to sparks and the sparks got to spilled petrol around the area which led to the pipeline fire and a subsequent explosion,” he said.

“The pipeline corridor has been known to have spillage often due to activities of vandals.”

The incident caused power outage in parts of Lagos State.

Reps Approve ₦17.126trn As Budget For 2022

Reps Ignore Bill Probiting Health Workers From Going On Strike

The House of Representatives (reps) on Tuesday passed a 2022 budget of ₦17.126 trillion which is higher than the ₦16.391 trillion sum presented by President Muhammadu Buhari.

The Senate is also expected to pass the appropriation bill on Tuesday.

While the major capital, recurrent, debt service, statutory transfers remain untouched, the House made provision for an increase by ₦400 billion for agencies that came forward with financial reports which were not captured in the proposed budget, such as INEC, Ministries of Humanitarian Affairs, the National Assembly, and more.

In passing the bill, the House increased the benchmark price for crude from $57 to $62 per barrel, from which a proposed increase in revenue is expected.

The lawmakers also made provision for 10 percent of monies recovered by EFCC and the National Financial Intelligence Unit to be utilised by the agencies for their operations, to strengthen their fight against corruption.

The budget deficit was increased by N98 billion to accommodate some other requests of national importance which have not been captured in the budget estimates and which could not be covered by the revenue increase.

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NNPC Assures On Availability Of Petroleum Products During Yuletide

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The Nigerian National Petroleum Company Ltd. (NNPC) says it will continue to work tirelessly to ensure sufficient supply of petrol to every part of the country during and beyond the forthcoming festive period.

Group General Manager, Group Public Affairs Division, NNPC, Garba Muhammad, made this known in a statement in Abuja.

Muhammad expressed appreciation to Nigerians for always heeding its advisories not to engage in panic buying of petrol.

“The NNPC is once again giving Nigerians strong assurance that we have product sufficiency that will last far beyond the festive period.

“Indeed, our stock has risen from a reserve of 1.7 billion litres to over two billion litres within the last one month,” he said.

Muhammad, therefore, urged Nigerians not to engage in panic buying, but to fully enjoy the spirit of the festive season.

While appreciating Nigerians for their understanding and support, he promised that NNPC will not relent, in always ensuring sufficient supply of petrol.

“We wish you all happy celebrations,” he said.

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Nigeria’s Headline Inflation Decreased In Nov. To 15.40% – NBS

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Nigeria’s Headline inflation decreased by 0.59 percent to 15.40 percent in November, the National Bureau of Statistics (NBS) has revealed.

Statistician-General of the Federation, Simon Harry, who made the announcement on Wednesday in Abuja during a media conference, also stated that the rebasing of the nation’s economy would take place in 2022 after completing the National Agricultural Sample Census (NASC).

According to him, there has been a consistent decrease in the inflation rate in the last eight months and the figure for November is a decrease from the 15.99 percent recorded in October.

“With this, it means that the declining trend for about eight months portends a positive signal given the favourable economic conditions, the rate of inflation in Nigeria would come down to a bearable level.”

Harry said that on a month-on-month basis, the headline index increased by 1.08 percent in November, which was 0.10 percent higher than the 0.98 percent recorded in October.

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The urban inflation rate increased by 15.92 percent (year-on-year) in November from 15.47 percent recorded in November 2020, while the rural inflation rate increased by 14.89 percent in November from 14.33 percent in November 2020.

On a month-on-month basis, however, the urban index rose by 1.12 percent in November, up by 0.10 percent from the 1.02 percent recorded in October, while the rural index also rose by 1.04 percent in November, up by 0.09 percent from the 0.95 percent rate recorded in October.

He also said that the composite food index rose by 17.21 percent in November compared to 18.30 percent in November 2020.

According to him, the rise in the food index was caused by increases in prices of bread and cereals, fish, food product such as potatoes, yam, and other tubers, oil and fats, milk, cheese and eggs, and coffee, tea, and cocoa.

However, on a month-on-month basis, the food sub-index increased by 1.07 percent in November, up by 0.16 percent points from 0.91 percent recorded in October.

Also, the “All items less farm produce’’ or Core inflation, which excludes the prices of volatile agricultural produce stood at 13.85 percent in November, up by 0.61 percent when compared with 11.05 percent recorded in November 2020.

He added that on a month-on-month basis, the core sub-index increased by 1.26 percent in November.

“This was down by 0.46 percent when compared with 0.80 percent recorded in October.

“The highest increases were recorded in prices of gas, liquid fuel, other services such as garments, vehicle spare parts, passenger transport by road, non-durable household goods, jewelry, clocks, and watches.

“Others are passenger transport by air, pharmaceutical products, appliances, articles, and products for personal care, cleaning, repair and hire of clothing and fuels and lubricants for personal transport equipment.”

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NCC Conducts Mock Session For 5G

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The Nigerian Communications Commission (NCC) says it has successfully carried out a mock session for the 3.5 gigahertz (GHz) spectrum auction for the deployment of the Fifth Generation (5G) network in the country.

Dr. Ikechukwu Adinde, NCC’s spokesman explained that the simulated auction held on Friday in Abuja was preparatory to the main auction scheduled to take place on Monday.

He said the conduct of the simulation exercise was in line with the requirements stipulated in the Information Memorandum (IM) for the 3.5 GHz spectrum auction.

The IM is a document that defines the process for the licensing of the 3.5 GHz spectrum band earlier published on the commission’s website at the inception of the auction process.

“Using the Ascending Clock Auction System for the mock session, the three qualified bidders for the 3.5 GHz spectrum, namely MTN Nigeria, Mafab Communications Ltd, and Airtel Networks Ltd, participated in the software-based simulated auction exercise,” the statement said.

“Following the successful mock auction, the stage is set for the commission to license two slots in the 3.5 GHz spectrum band expected to be picked by successful bidders at the end of the Main Auction on Monday, December 13, 2021.

“The auction on Monday will mark a turning point in Nigeria’s determination to harness the benefits of 5G for the nation’s socio-economic growth as the concrete roll-out of 5G commences in 2022.”

Chairman of NCC Board of Commissioners, Professor Adeolu Akande; the Executive Vice Chairman and Chief Executive Officer of the commission, Professor Umar Danbatta; Executive Commissioner (Technical Services), Ubale Maska, and the Executive Commissioner (Stakeholder Management), Adeleke Adewolu, were among those who witnessed the exercise.

Others include representatives from the bidding companies, senior management staff from relevant departments of the commission, technical consultants, software consultants, legal consultants, and other external observers.

In a brief remark at the mock auction, Danbatta said the commission had taken all necessary steps to ensure due diligence on the credibility of the consultants and to safeguard the integrity of the software solution being used to carry out the implementation of the national assignment.

“This is consistent with the open, credible transparent, and fair manner by which the commission is known to have conducted previous auction processes, which have been locally and globally applauded,” Danbatta was quoted as saying in the statement.

In order to ensure a fail-proof process, Adinde said the NCC also carried out a simulation of the manual process of the auction, aside from the electronic mock.

He explained that this was to make bidders familiar with the manual auction in case of any circumstances on the main action day that may warrant a need to switch to the manual auction.

“It is pertinent to note that the two forms- electronic and manual- are clearly stated in the IM and they follow the same process,” the statement added.

“Representatives of the bidding companies, the commission, the consultants, and other observers at the mock auction expressed satisfaction with the conduct of the simulation exercise, which also provided an opportunity for the commission to perfect the auction process ahead of the main auction.

“The commission had commenced the process for the auction of the 5G spectrum in the last quarter of the 2021 and had, since then, carried out a number of activities ahead of the main auction.”

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Fuel May Sell Above N340/litre – Marketers

Marketers Express Concerns Petrol May Sell Above N340/litre

The retail price of Premium Motor Spirit, popularly known as petrol, may be sold above the projected N340/litre in February 2022 once the Federal Government stops its subsidy on the commodity, oil marketers said on Tuesday.

Findings show that both independent and major oil marketers were perfecting plans to begin PMS importation soon as the government ends the subsidy regime.

They have raised concern over the unstable condition in foreign exchange rates and how this would affect petrol price in the coming year.

The Nigerian National Petroleum Company Limited has been the sole importer of petrol into Nigeria for about four years. The inability of marketers to effectively access the United States dollar for the purpose of importing refined crude oil forced them to stop.

The Group Managing Director of NNPC, Mele Kyari, last week, announced at a World Bank event in Abuja that beginning from February 2022, the price of petrol would range between N320 and N340 per litre by which time the Federal Government have removed the subsidy.

He stated that Nigeria would cease to subsidize the commodity in the first quarter of next year, adding that subsidy would have been removed this year but was suspended owing to certain conditions.

According to PUNCH, some marketers on Tuesday stated that the cost of petrol would be above the amount projected, which is between N320 – N340/litres if there was no improvement in the foreign exchange rate.

According to Dealers under the aegis of Independent Petroleum Marketers Association of Nigeria and Petroleum Products Retail Outlets owners Association of Nigeria stated their readiness to import petrol, however, also noted the cost of the commodity would be high in February.

IPMAN and PETROAN members own bulk of the filling stations across the country and currently make purchases from depots before selling to final consumers at their various retail outlets.

“Yes, if there is no subsidy, some marketers can import, but the only thing is that it will be costly. The price will be higher than the projected cost because of the exchange rate,” the National Vice President, IPMAN, Abubakar Maigandi, stated.

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He added, “The challenge of accessing forex will definitely affect imports because over 90 per cent of petrol that will be consumed across the country will depend on importation. Also this is because the refineries are not functioning.”

The National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, also stated that the foreign exchange rate would determine the cost of petrol from next year after subsidy removal.

He said, “If the Federal Government says there is no going back on subsidy removal this time round, which is a challenge that has dragged on for about 30 years, then it means that they are going to liberalise the market.

“By liberalising the market it will now help independent and major marketers to be able to freely import petroleum products from any source so that products will be available in Nigeria.”

He added, “However, it is pertinent to note the forces of demand and supply will determine the price of the commodity in Nigeria. So literally, whatever the dollar rate is in the international and local markets will pose the actual challenge to marketers

“The issue of black market and official exchange rates is a serious challenge that we foresee. But we believe that the Federal Government is doing something by meeting with the bureau d’change operators on this, so that whatever is obtainable at the banks is what you get in the open market.”

On whether the forex issue could lead to a higher price than the projected N340/litre, Chinedu replied, “Aside from the adverse effects of the removal of subsidy on the wellbeing of Nigerians, we will, of course, see a price that is higher than what they project.

“The price will be higher. It will be higher because the dollar to a large extent determines the price of petroleum products. If the dollar goes up, the price of petrol will increase, and vice versa.”

The President PETROAN, Billy Gillis-Harry, confirmed the position of IPMAN, as he, however, explained that members of his association were ready to import the commodity.

He said, “At PETROAN we already have a vehicle that is in place to start importation petroleum products, gas and other products. We encourage the government to completely remove subsidy.

On the possibility of higher pump price than the projected N340/litre, Gillis-Harry said, “That is why we said that every single thing about petroleum products should be premised on the forces of the market.

“The forces of demand and supply should determine the price.”

The spokesperson of NNPC, Garba-Deen Muhammad, told our correspondent that the issue of petrol pricing was not the function of the oil firm.

“Price issues are policy matters. NNPC does not fix price, it has no mandate. It operates in the sector as a business concern governed by CAMA Laws,” he stated.

Despite Interventions, Six Million Electricity Consumers On Estimated Billing

Ibadan DisCo Announces Relaunch Of MAPS

Despite interventions and funding channeled to the distribution of prepaid meters across the country, about six million electricity consumers are still being given estimated billing.

A report by the Nigerian Electricity Regulatory Commission (NERC) in January this year had put the number of meters contracted through the Meter Asset Providers scheme (MAPS) and National Mass Metering Programme (NMMP) at 7,588,972, indicating that over 7.5 million customers will be needing prepaid meters had the time.

However, The PUNCH gathered from the Federal Ministry of Power on Tuesday that the deployment of meters through the NMMP had risen to 750,000.

A combination of meter deployment by both schemes showed that about 1.26 million meters had been deployed out of the over 7.5 million unmetered customers captured by the NERC.

Operators in the sector explained that the deployment of meters this year was basically through the NMMP, as the MAP scheme was not fast in meter provision.

READ ALSO: Stock Exchange: Market Capitalisation Drops By 0.27%

The National Mass Metering Programme, funded by the Central Bank of Nigeria, was instituted in September 2020 to increase the rate of metering through the provision of free meters.

The Meter Asset Providers scheme, on the other hand, took effect on April 3, 2018, introducing meter providers as a new set of service providers in the Nigeria Electricity Supply Industry.

This came as power distributors told our correspondent that meters provided under Phase Zero of the NMMP had so far been deployed to customers.

They stated that many Discos currently lacked meters as only a few were on ground for distribution to the over six million unmetered power users nationwide.

“Under Phase Zero, they (government) had a particular number that they gave to each Disco and the target was to provide about one million meters,” an official with the Association of Nigerian Electricity Distributors, who pleaded not to be named as he was not authorised to speak on the matter, said.

The official added, “Ikeja Disco received over 100,000 meters; Ibadan Disco also got over 100,000 meters; while some others got about 90,000 meters, as the allocations were based on the Disco.”

Explaining how the free meters under Phase Zero of the NMMP were acquired, the ANED official stated that the government worked with meter manufacturers to know their respective capacities.

Treasury Bills Auction Delivers Unexpected Rate Upswing

Nigeria’s latest Treasury Bills Primary Market Auction produced a notable reshaping of the yield landscape, with investors witnessing a mixed performance across short- and mid-term maturities. While the 91-day bill held steady at 15.30% (True Yield: 15.92%) and the 182-day paper remained anchored around 15.50% (True Yield: 16.81%), the long-term segment recorded a sudden jump that captured market attention.

The 364-day tenor climbed sharply to 17.50%, translating to a True Yield of 21.21%—a move that thrusts the one-year bill past the 20% mark and cements its position as one of the most attractive risk-free fixed-income options currently available.

The significant repricing of the long-dated bill reflects a renewed appetite among investors seeking returns that outpace inflation, as well as a preference for locking in elevated yields ahead of expected liquidity tightening toward year-end. With returns now at some of their highest levels in years, the environment presents a timely opportunity for portfolio managers to capture premium yields before interest rates potentially stabilise in early 2026.

Market participants are reminded to account for the statutory 10% Withholding Tax (WHT) on interest income when evaluating net returns relative to competing investment classes. Even with tax considerations, the 1-year paper continues to stand out within the risk-free asset category, reinforcing expectations that Treasury bill subscriptions will remain strong in the near term.

2025 Congress Of Nigerian Maritime Media Practitioners’ Annual Workshop

2025 Congress Of Nigerian Maritime Media Practitioners’ Annual Workshop

The Congress of Nigerian Maritime Media Practitioners (CONMMEP) is pleased to announce its 2025 Annual Workshop, themed “Empowering Host Communities through Strategic Partnerships.” The event will take place on December 10, 2025, at Rockview Hotel Apapa, Lagos.

This year’s workshop brings together esteemed guests, industry experts, and maritime stakeholders to explore innovative strategies for enhancing the capacity of host communities and promoting sustainable development in the maritime sector.

The Royal Father of the event, Oba Oyekunle Amodu Tijani Oluwa, the Olu of Iwa and Apapa Kingdom, Lagos, will grace the occasion, setting the tone for a productive and insightful discussion.

The Keynote Speaker, Hon. Dr. Kalejaiye A. Paul, will deliver a thought-provoking presentation on the importance of strategic partnerships in empowering host communities. Dr. Eugene Nweke, Guest Speaker, will share his expertise on best practices for fostering collaborative relationships between industry stakeholders and host communities.

Special Chief Guests of Honour include Rt. Hon. Mudashiru Obasa, Speaker, Lagos State House of Assembly; Special Chief Hosts Hon. Sabur Oluwa, Member, Lagos State House of Assembly; Hon. Lookmon Olumoh, Lagos State House of Assembly; and Chief Host Hon. Olalekan Olu Akindipe, Executive Chairman, Ajeromi Ifelodun Local Government.

Other distinguished guests include Dr. Azeez Mustapha, Metu Augustine Ejike Esq, Chief Amb. (Dr.) Afam Chukwuma, Nze Chidiogo Okpara, etc.

The workshop promises to be a significant platform for knowledge sharing, networking, and collaboration, and is expected to attract a diverse range of participants from the maritime industry, government agencies, and host communities.

FG Disburses N4.7bn In First Phase Of TVET Stipends To Trainees And Centres

FG Disburses N4.7bn In First Phase Of TVET Stipends To Trainees And Centres

The Federal Government has released N4.7 billion as the first tranche of stipends to trainees and accredited centres under the Technical and Vocational Education and Training (TVET) skills development programme.

The Minister of Education, Dr Tunji Alausa, announced the development on Thursday via his official X handle, marking a significant milestone in the nationwide rollout of the initiative, which commenced in May. The programme forms part of the government’s drive to expand youth skills training, reduce unemployment and strengthen Nigeria’s technical workforce.

‘A major milestone’ — Education Minister

Dr Alausa said the disbursement represents the first round of direct financial support to thousands of beneficiaries under the Federal Ministry of Education’s TVET scheme. According to him, over 42,000 fully registered trainees and more than 600 independent training centres have now received payments.

“We have begun the first round of direct payments to trainees and training centres across the country,” he said.

“Over 42,000 fully registered students have now received their monthly N22,500 stipend for upkeep and transportation. More than 600 independent training centres have also been paid for the skills training they provide, ensuring quality and continuity.”

The Minister noted that the initial disbursement is only the beginning of a broader rollout and demonstrates President Bola Tinubu’s commitment to empowering young Nigerians through practical, job-creating skills.

He added that the initiative aligns with the President’s directive for immediate implementation of skills-based empowerment programmes, saying the scheme has rapidly progressed from registration to hands-on training.

Ahead of the rollout, the Federal Ministry of Education invited vocational training centres, enterprise institutions and master-craft practitioners to apply for accreditation to enable them to receive government funding for candidate training under the TVET programme.

Accreditation requirements included registration with the Corporate Affairs Commission (CAC), use of an NSQ-based curriculum, adequate workshop and practical facilities, a minimum instructor-to-student ratio, and the presence of qualified assessors and quality-assurance officers.

The structure of the programme provides that 80 per cent of the curriculum focuses on practical, hands-on learning while 20 per cent covers classroom-based theory. Within one week of the TVET portal going live, more than 90,000 applications were recorded.

Participation in the entrance examination rose significantly, climbing from 7,547 candidates in 2024 to 30,000 in 2025—an increase of nearly 300 per cent.

As part of the programme’s evolution, the Ministry also introduced an artisan-led mentorship model across 38 upgraded technical colleges, allowing experienced craftsmen and artisans to guide trainees through real-world skills acquisition.

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Dollar To Naira Exchange Rate For 5th December 2025

Dollar To Naira Exchange Rate For 8th Dec 2023

The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1465.00 per $1 on Friday, December 5th , 2025. The naira traded as high as 1446.00 to the dollar at the investors and exporters (I&E) window on Thursday.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1475 and buy at ₦1465 on thursday 4th December, 2025, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate₦1475
Buying Rate₦1465

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)CBN Rate Today
Highest Rate₦1450
Lowest Rate₦1446

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Lagos Government, Russia Explore New Energy And Technology Partnership

Lagos Government, Russia Explore New Energy And Technology Partnership

The Lagos State Government has restated its commitment to strengthening relations with the Russian Federation as both sides explore new cooperation in energy, technology and economic development. Governor Babajide Sanwo Olu conveyed the position during a courtesy visit by the Russian Ambassador to Nigeria, Andrey Podyolyshev, in Lagos. The governor was represented by the Deputy Governor, Dr Obafemi Hamzat.

Sanwo Olu highlighted the long history of diplomatic and development ties between both countries. He cited the construction of the Ajaokuta and Osogbo Steel Mills as part of the partnership that has shaped Nigeria’s industrial growth. He noted that Lagos contributes about 30 per cent of Nigeria’s gross domestic product and serves as a strategic gateway for international investment.

The governor expressed interest in the range of technological and energy solutions presented by the Russian delegation. These include digital innovations, solar power technologies and a floating nuclear power plant model with a capacity of up to 200 megawatts and a lifespan of as long as 60 years. He said such projects could benefit Lagos, where 30 per cent of the landmass is water and space constraints require creative approaches such as floating solar installations.

Sanwo Olu confirmed that the Lagos State Ministry of Commerce, Cooperative, Trade and Industry is in direct engagement with its Russian counterpart. He added that both sides are also holding discussions related to the Lekki Free Trade Zone.

Ambassador Podyolyshev said Russia is prepared to deepen its economic relationship with Lagos State. He explained that fostering closer collaboration is important for development, noting that Moscow and Lagos face similar challenges in transport, urban infrastructure, utilities and social services. He said it would be reasonable to explore bilateral ties between cities such as Moscow and Lagos or Saint Petersburg and Lagos, with the possibility of partner city or sister city arrangements.

The ambassador identified artificial intelligence, education, infrastructure, power and the economy as priority areas where cooperation could be expanded.

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New Population Commission Chair Vows Technology-Driven Census

Oyo State Out-of-School Rate at 12 percent - NPC

The new Chairman of the National Population Commission, Dr Aminu Yusuf, has assumed office with a pledge to provide Nigeria with credible and technology-driven demographic data that will guide national planning.

Dr Yusuf, who was sworn in by President Bola Ahmed Tinubu on Wednesday along with new commissioners representing Nasarawa and Yobe states, addressed staff at the commission’s headquarters in Abuja. He said the President had given a clear mandate that requires the commission to rebuild public trust, modernise demographic systems and deliver a transparent census that produces reliable data for national development.

He described President Tinubu’s message as a call to national renewal rather than a routine directive. He expressed gratitude for the confidence reposed in him and his colleagues by the President, saying their appointments reflect trust in competence, integrity and commitment to service.

“This trust is both a privilege and a solemn responsibility. It is with profound gratitude to Almighty Allah that I stand before you today, filled with humility, honour and a deep sense of duty, as I assume the responsibility of serving as Chairman of this esteemed Commission, an institution at the centre of Nigeria’s development journey,” he said.

Dr Yusuf also recognised the work of his predecessor, Hon Nasir Isa Kwarra, describing his leadership as instrumental in strengthening Nigeria’s demographic governance and laying a solid foundation for future efforts.

He emphasised that fulfilling the commission’s mandate depends on the collective commitment of Federal Commissioners, the Director-General and all management and staff. He called for unity and cooperation as the commission embarks on what he described as a transformative phase.

Highlighting the scope of the National Population Commission’s responsibilities, Dr Yusuf noted that its mandate extends beyond national censuses. He explained that the commission is also responsible for maintaining a functional Civil Registration and Vital Statistics system, building a comprehensive National Geospatial Frame, conducting specialised surveys that generate reliable data and providing evidence-based advice to government on population matters.

The chairman said his immediate priority is to strengthen the commission’s internal systems and enhance coordination across all departments and state offices. He announced a Seven Point Agenda that will serve as the strategic framework for improving capacity, restoring public confidence and positioning the commission as a modern and globally competitive institution.

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Wizkid’s ‘Morayo,’ Davido’s ‘5ive,’ Asake’s ‘Lungu Boy’ Top Apple Music Nigeria In 2025

Apple Music Crowns Wizkid African Artiste Of The Year

As 2025 comes to a close, Apple Music has revealed the most-streamed albums in Nigeria, showing a year where listeners gravitated toward projects with emotion, depth, and replay value.

The top five albums were dominated by Nigeria’s leading stars: Wizkid, Davido, Asake, BNXN, and Burna Boy.

1. ‘Morayo’ – Wizkid
Wizkid leads the chart with Morayo, a tribute to his late mother. The album’s reflective tone and gentle production resonated with fans. Themes of loss, healing, and gratitude made it a favourite for quiet mornings and late-night listening.

2. ‘5ive’ – Davido
Davido’s 5ive holds the second spot. The album balances his signature energy with catchy hooks and lively beats. Its songs quickly found their way into clubs, weddings, and social media trends, making it one of the year’s most replayed projects.

3. ‘Lungu Boy’ – Asake
Asake’s Lungu Boy blends amapiano, fuji chants, and his unique vocal style. The rhythm-heavy album became the soundtrack for parties and road trips, capturing the essence of 2025’s youth-driven music scene.

4. ‘Captain’ – BNXN
BNXN’s Captain takes fourth place. The mid-tempo album features tender lyrics and smooth delivery. Its relatable themes of love, ambition, and personal growth struck a chord with younger listeners and fueled viral TikTok and Instagram moments.

5. ‘No Sign of Weakness’ – Burna Boy
Burna Boy rounds out the top five with No Sign of Weakness. The Afrofusion project mixes reggae, rap, and live instrumentation. Its themes of strength and identity resonated with fans in Nigeria and the diaspora.

Apple Music’s 2025 data shows Nigerians favoured albums with warmth, storytelling, and emotional depth over fast-paced singles. Despite the rise of new talent, the year belonged to long-standing stars who continued to dominate streams across the country.

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Real Estate Expert Urges Strict Adherence To Building Codes

Real Estate: Govt Needs To Pay Attention To Housing Deficit - Fagbadebo

Prince Adelaja Adeoye, CEO of Fendini Group, has called on engineers, architects, developers, and other building professionals to prioritise safety and comply fully with planning regulations to prevent disasters in Nigeria’s built environment.

Adeoye made the appeal in an interview shortly after receiving his Master’s Degree in Property Development and Management from Lead City University, Ibadan. He warned that rising cases of building collapse and structural failure highlight the urgent need for adherence to zoning laws, building codes, and physical planning requirements.

“Prioritising safety from the project planning stage is key. Once professionals follow zoning regulations and obtain the required physical planning permits, many disasters can be prevented,” he said.

He added that industry players must equip themselves with the right knowledge to collaborate effectively with regulators, government agencies, and investors.

On his academic achievement, Adeoye said, “I am proud to have earned a Master’s Degree in Property Development and Management from the prestigious Lead City University, Ibadan. This achievement has sharpened my expertise and strengthened my career as a property developer specialising in upscale residential, commercial, industrial, and hospitality developments.”

He noted that the qualification will further enhance his ability to drive compliance and excellence within Fendini Homes, the real estate subsidiary of Fendini Group. Adeoye expressed gratitude to God, his family, mentors, lecturers, and the Lead City University community for their support throughout his academic journey.

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Wizkid Tops Spotify As Nigerian Music Thrives In 2025

Wizkid Wins Best African Act Award

Spotify’s 2025 Wrapped has highlighted a new era in Nigerian music, revealing the country’s most-streamed artistes, albums, and songs. Wizkid emerged as the most-streamed artiste in Nigeria for the year, while his album Morayo topped the list of most-streamed albums.

Davido’s hit single With You (feat. Omah Lay) was named Nigeria’s most-streamed song in 2025. The top five songs also included Fido’s viral anthem Joy is Coming, Kunmie’s debut Arike, Faceless’ Venus, and Spotify RADAR artist FOLA’s Lost. These placements signal the rise of fresh voices shaping the country’s music landscape.

Other top artistes included Seyi Vibez, Asake, Burna Boy, and Odumodublvck, reflecting a mix of street-driven hits and globally recognized performances. Asake, notably, had three albums in the top 10, showing the strong engagement with his catalogue.

Among female artistes, Ayra Starr retained her position as the most-streamed woman in Nigeria, joined in the Top 10 by Tems, Smur Lee, Tiwa Savage, and gospel star Sunmisola. Smur Lee’s rise was fueled by high-profile collaborations, while Sunmisola’s popularity highlights the country’s growing appetite for faith-based music alongside mainstream Afrobeats.

Spotify reported an 82% year-on-year increase in local music streaming, showing strong loyalty to Nigerian sounds. Afrobeats also grew globally by 22%, cementing its international reach. Beyond music, Nigerian podcast consumption jumped 97% year-on-year, with a 48% increase in podcast creation. Faith and personal reflection were prominent themes in top-streamed podcasts, indicating a strong spiritual dimension to Nigerian audio habits.

Overall, Nigerians spent more than 1.3 billion hours on Spotify in 2025, supporting a generation of homegrown artistes who continue to redefine the country’s music scene. Phiona Okumu, Spotify’s Head of Music for Sub-Saharan Africa, said: “Nigeria’s 2025 Wrapped paints a picture of a music scene that is absolutely thriving. It’s incredible to see how fast Nigerians embrace fresh voices right alongside the legends.”

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William Troost-Ekong Announces Retirement from International Football

Super Eagles captain William Troost-Ekong has officially drawn the curtain on his international career, ending a ten-year journey with Nigeria’s senior national team. The defender confirmed his decision in a heartfelt message shared on Instagram on Thursday.

In the emotional statement, Troost-Ekong described representing Nigeria as the highest honour of his professional career and expressed deep gratitude to fans, teammates, and the nation. He noted that while he has stepped away from the pitch, his support for the Super Eagles remains unwavering as he embraces a new phase of his life.

“Honoured. Grateful. Forever a Super Eagle,” he wrote. “Playing for Nigeria has been the greatest privilege of my life. The journey may end here, but my support never will. Here’s to the next chapter.”

His announcement came shortly after football transfer expert Fabrizio Romano reported the development, stating that the centre-back had elected to retire after earning 83 caps, securing three medals, and participating in five major tournaments.

Troost-Ekong, who plies his trade with Al-Kholood in the Saudi Pro League, was born in the Netherlands to a Dutch mother and Nigerian father. After representing the Netherlands at youth level, he committed his senior career to Nigeria and made his debut on June 13, 2015, in an AFCON qualifier against Chad.

He leaves the national team with a distinguished record, including five goals at the Africa Cup of Nations—a tally that stands as the highest ever by a defender in the tournament’s history. His final appearance came in November as a late substitute against Gabon.

Troost-Ekong’s involvement with the squad had diminished in recent months under head coach Eric Chelle, with the defender dropping behind Benjamin Fredrick in the team’s defensive line-up. He was also an unused substitute during Nigeria’s World Cup play-off loss to DR Congo, which ultimately cost the country a spot at the global finals.

The 30-year-old was listed in Nigeria’s provisional 54-man squad for the upcoming AFCON tournament scheduled to begin in Morocco this December. The final 28-man list is expected to be confirmed soon, with the team set to commence camp in Egypt on December 10.

His departure marks the end of an era for the Super Eagles’ backline as Chelle prepares to finalize his squad without one of the team’s longest-serving leaders.

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Naira Sees Mild Movement As FX Pressures Persist Across Markets

Federation Account Amasses Over ₦5trn In 6months- RMAFC

The naira registered only a marginal shift against the US dollar across various foreign exchange (FX) segments on Thursday, as demand and supply dynamics moved closer to equilibrium amid renewed market interventions.

The currency has experienced recurring pressure in recent weeks due to year-end payment obligations and increased foreign portfolio outflows, compounded by limited US dollar inflows in the official market.

Fresh figures released by the Central Bank of Nigeria (CBN) showed a slight weakening of the official spot rate by 0.01%, settling at ₦1,447.83 per dollar. The adjustment underscores persistent demand for hard currency despite ongoing FX interventions and inflows from Foreign Portfolio Investors (FPIs).

During Thursday’s session, the official window recorded a modest dip of 18 kobo per dollar to close at ₦1,447.8263/$, with trades fluctuating between ₦1,446.00 and ₦1,450.00. The intraday high of ₦1,450 mirrored the previous day’s peak, influenced largely by heightened international payment requirements linked to year-end commercial activities.

In the parallel market, the naira also edged lower to ₦1,460 per dollar, highlighting a widening contrast between the regulated FX window and informal trading channels.

On the global front, oil prices climbed on Thursday as traders priced in expectations of an imminent US Federal Reserve rate cut. Lingering diplomatic deadlock over Ukraine further reduced optimism around a potential deal that could restore Russian oil exports.

Brent crude advanced by 76 cents (1.21%) to $63.43 per barrel, while US West Texas Intermediate (WTI) rose 89 cents (1.51%) to $59.84.

Gold prices also saw mild gains, supported by a softer US dollar but restrained by rising Treasury yields. Market participants are now awaiting Friday’s inflation data from the United States for clearer direction ahead of the Federal Reserve’s upcoming December policy meeting.

Spot gold climbed 0.18% to $4,213.81/oz, while US gold futures rose 0.28% to $4,244.50/oz. Analysts expect oil to find additional support from geopolitical risks, while gold may trade cautiously as investors await new macroeconomic signals.

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Aviation Stakeholders Warn New Tax Regime Could Bankrupt Airlines

Nigerian Civil Aviation Authority (NCAA)

Aviation stakeholders have urged the federal government to review the new tax regime taking effect in January 2026, saying it could bankrupt airlines and allied businesses if not aligned with industry standards.

Under the new rules, commercial aircraft, engines, spare parts, and airline transportation will no longer be exempt from Value Added Tax (VAT). The Federal Inland Revenue Service said Nigerian aviation companies will be taxed like any other business.

Industry leaders warned that this comes on top of high insurance premiums, costly aircraft maintenance abroad, and rising spare part prices due to exchange rates. Dr. Samson Fatokun, IATA’s representative for West and Central Africa, said Nigeria must respect international treaties and avoid double taxation. “International transportation of passengers cannot be taxed,” he said. He noted that ECOWAS is already working to reduce air travel costs in the region, while the new Nigerian tax would increase fares.

Amos Akpan, Managing Director of Flights and Logistics Solutions, said airlines already pay cargo and passenger sales taxes, charter taxes, passenger service charges, customs duties, state company taxes, and fuel levies. He explained that for a one-way ticket with a base fare of N148,000, taxes add about N55,000.

Dr. Allen Onyema, Vice-President of Airline Operators of Nigeria and CEO of Air Peace, warned at the Nigeria International Airshow that the tax could cripple airlines. Captain Ado Sanusi, CEO of Aero Contractors, said higher taxes would increase fares, reduce passenger numbers, and force airlines to cut staff. “Any tax regime that adds to the fare paid by passengers will automatically lead to 4 to 6 percent reduction in passenger demand,” he said.

Sanusi also cited ICAO rules that prohibit double taxation and said aviation revenue should be reinvested to grow the industry. He added that the new tax could reduce VAT collection, hurt NAMA and FAAN revenues, and negatively impact tourism.

There are reports that FIRS may meet with airlines to adjust the policy and prevent widespread bankruptcies in the sector.

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Godfather Of AI Warns Mass Unemployment Is Coming

Geoffrey Hinton, the British computer scientist known as the Godfather of AI, has warned that artificial intelligence could lead to massive unemployment. He said tech giants are betting on AI to replace many workers.

“It seems very likely to a large number of people that we will get massive unemployment caused by AI,” Hinton told Senator Bernie Sanders at Georgetown University. “And if you ask where are these guys going to get the roughly trillion dollars they are investing in data centers and chips… one of the main sources of money is going to be by selling people AI that will do the work of workers much cheaper.”

Hinton criticized big tech for focusing on short-term profits rather than long-term scientific progress. He said AI will create some new jobs but not nearly as many as it will eliminate.

“Trying to predict the future of it is going to be very difficult,” he said. “It is a bit like when you drive in fog. You can see clearly for 100 yards and at 200 yards you can see nothing. We can see clearly for a year or two, but 10 years out, we have no idea what is going to happen.”

Senator Bernie Sanders said nearly 100 million U.S. jobs could be displaced by automation. Workers in fast food, customer service, manual labor, and even white-collar roles like accounting, software development, and nursing are at risk.

“It is not just economics,” Sanders wrote in an op-ed. “Work, whether being a janitor or a brain surgeon, is an integral part of being human. The vast majority of people want to be productive members of society and contribute to their communities. What happens when that vital aspect of human existence is removed from our lives?”

Senator Mark Warner also warned that AI disruption could hit young people hardest. He said unemployment among recent college graduates could reach 25 percent in the next two to three years if no safeguards are put in place.

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Apple’s AI Chief Steps Down After Turbulent Tenure

Apple Gains More Smartphone Users Than Samsung

Apple’s head of artificial intelligence, John Giannandrea, is stepping down after a turbulent seven-year run that included delays, restructuring and a slow entry into the generative AI era. He will leave the company completely in the spring after a short transition period.

Giannandrea, who joined Apple from Google, oversaw machine learning strategy and early development of Apple Intelligence. However, the company struggled to keep pace with rivals such as OpenAI, Google and Microsoft during his tenure.

Apple entered the generative AI race two years after ChatGPT reshaped the industry, and its first version of Apple Intelligence was widely described as underwhelming. A major upgrade to the Siri voice assistant was also delayed.

Instead of naming a replacement, Apple is dividing its AI organisation. Staff will now report to Craig Federighi, Sabih Khan and Eddy Cue, depending on their functions.

AI researcher Amar Subramanya has joined the company as Vice President of Artificial Intelligence and will lead foundation models, AI research, safety and evaluation.

What Apple’s Turbulent AI Era Meant for Customers

Giannandrea’s leadership had direct effects on how Apple users experienced their devices. Here is how the slow AI rollout appeared on the customer side.

1. Siri Fell Behind While Competitors Improved

While ChatGPT and Google Assistant evolved into conversational and context-aware tools, Siri barely improved. Customers were left with an assistant that required rigid and exact phrasing, offered only shallow understanding of context, and frequently produced errors even with simple tasks. It also lacked generative abilities such as summarising, rewriting or basic reasoning. Over time, Siri became widely seen as the weakest link in an otherwise premium Apple ecosystem.

2. Apple Intelligence Arrived Late and Felt Limited

By the time Apple launched Apple Intelligence, the market had already matured, and users noticed the difference. They saw fewer generative features than competitors, a slower and more limited rollout across devices, and models that were not as powerful as those on Android and Windows. Many early features were also missing or marked as “coming soon.” All of this created consumer frustration and lowered the excitement around Apple’s “AI moment.”

3. Inconsistent Experience Across Devices

Because Apple’s AI strategy wasn’t unified, features varied widely across devices, and customers noticed the inconsistency. Some AI features appeared only on the latest iPhones, while older but still expensive models were excluded. This created gaps between expected functionality and what was actually available. The experience contradicted Apple’s usual promise of seamless consistency.

4. Unclear AI Identity and Messaging

Apple traditionally defines categories like smartphones, tablets, and wearables, but in AI the company struggled to present a clear vision. Users felt uncertainty about what Apple Intelligence actually is, found the messaging about its capabilities unclear, and received mixed signals about Apple’s direction. This made the company appear reactive rather than innovative.

5. The Delayed Siri Upgrade Affected Daily Use

The Siri overhaul, intended as Apple’s AI comeback, was delayed from Spring 2025 to Spring 2026. For users, this meant the daily assistant remained outdated, improved automation, reasoning, and task handling stayed unavailable, and competing assistants offered features that Apple users could only watch from afar. The delay further damaged perceptions of Apple’s technological leadership.

What Comes Next for Customers

Apple is now restructuring in order to correct these weaknesses. Subramanya will oversee foundational AI work. Craig Federighi will manage software level integration. Apple is also preparing a stronger version of Siri and deeper generative features across iPhone and Mac.

Customers can expect:

  • A more unified and consistent AI strategy
  • A clearer rollout of Apple Intelligence features
  • A significant upgrade to Siri in 2026
  • More advanced on device intelligence powered by Apple Silicon
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LCCI Elects Leye Kupoluyi As President, Chairman Of Council

The Lagos Chamber of Commerce and Industry (LCCI) has elected Mr Leye Kupoluyi as its new President and Chairman of Council. His emergence was announced on Thursday by the Director-General of the chamber, Dr Chinyere Almona, during LCCI’s 137th Annual General Meeting in Lagos.

Kupoluyi succeeds Mr Gabriel Idahosa, whose tenure was marked by significant contributions to private-sector advocacy and economic policy reform.

Dr Almona described the newly elected President as an accomplished professional with an outstanding track record in engineering services, trade promotion, and industrial development. She noted that his election reflects the chamber’s confidence in his steadfast commitment to its mission and values.

“We are delighted to welcome Engr. Kupoluyi as President of the LCCI,” she said. “As a council member and key officer of the chamber, he has consistently contributed his expertise and provided valuable insights during strategic deliberations. We are confident that his presidency will further strengthen the chamber’s role as a leading advocate for sound business policies and practices, while advancing the interests of our members and the wider business community.”

Kupoluyi brings over 40 years of professional experience across engineering, project management, and executive leadership. He has served as Managing Director of Universal Power Systems Nigeria Limited since November 1994.

Before this, he held several senior positions including General Manager at Witt + Busch Limited (1988–1994), Project Manager at Honeywell Enterprises Limited (1986–1988), and earlier roles as Senior Engineer and Service Manager at Witt + Busch. He began his career in 1979 as an Engineer at the Ministry of Communications in Ilorin, Kwara State.

His wealth of experience, analysts say, positions him to steer the chamber’s strategic engagements, deepen its policy influence, and strengthen its advocacy for a more competitive business environment.

Founded in 1888, the Lagos Chamber of Commerce and Industry is Nigeria’s oldest and one of its most influential private-sector organisations. It provides a platform for business leaders to collaborate, engage the government on policy issues, and promote trade and industrial growth.

The chamber also supports small and medium-sized enterprises through capacity-building initiatives, advisory services, and networking opportunities aimed at fostering sustainable business development.

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Nigerian Stocks Advance As Investors Add N97bn To Market Value

Stock Exchange Closes Trading Week With N30bn Gain

The Nigerian Exchange (NGX) continued its upward trajectory on Thursday, with equity investors recording fresh gains of more than N92 billion as the bullish momentum extended into its third consecutive session.

The trading day ended in positive territory, with renewed bargain-hunting activity lifting the market’s major performance indicators by 0.10%. The All-Share Index (ASI) climbed by 152.28 points, representing a 0.10% increase, to settle at 145,476.15 basis points.

In addition, the NGX total market capitalisation advanced by N97.06 billion, ending the day at N92.73 trillion. Although market breadth closed negative, analysts noted that the continued rally reflects sustained investor interest in selective equities, supported by cautious optimism across the market.

Brokers reported increased demand for notable stocks including OANDO, WAPIC, UACN, TRANSCORP, and GTCO, among others across various sectors.

Despite the positive close, market activity declined, as total traded volume and total trade value fell by 14.15% and 8.47% respectively. Investors exchanged approximately 1.93 billion units worth N19.19 billion across 23,369 deals.

FIDELITYBK dominated trading volumes, representing 9.04% of all shares traded. Other top volume contributors included GTCO (8.25%), ZENITHBANK (7.90%), ETI (6.38%), and ACCESSCORP (5.16%).

GTCO led the value chart, accounting for 19.52% of the total market value traded—making it the most actively traded stock in monetary terms.

UACN headed the gainers list with a full-day appreciation of 10.00%. Close behind were MORISON (+9.94%), ETI (+8.53%), WAPIC (+8.47%), MANSARD (+7.75%), and FTNCOCOA (+7.10%), among others.

Meanwhile, twenty-eight stocks closed lower. ELLAHLAKES and EUNISELL topped the losers’ chart with a 10.00% decline each, followed by TRANSCOHOT (-9.95%), OMATEK (-9.23%), GUINEAINS (-8.46%), and CAP (-6.16%).

In total, the session closed with 23 gainers and 28 losers. Sector performance remained broadly positive, with all five major indices ending higher. The insurance index led with a 1.56% gain, followed by banking (+0.91%), industrial goods (+0.48%), consumer goods (+0.28%), and oil & gas (+0.08%).

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How To Build A Crypto Investment Portfolio With Just $100–$200: A Practical Beginner’s Guide

How People Are Navigating CBN’s Crypto Ban In Nigeria

In today’s digital asset market, building an investment base no longer requires large capital outlays. Many new investors delay entering the crypto space because they assume significant funds are required. However, wealth creation in any asset class often begins with a willingness to take calculated risks—and cryptocurrency remains one of the most accessible risk-driven markets available.

Crypto’s price movement is notoriously sharp, and this volatility forms the foundation of its business appeal. Unlike forex trading, which shares similar characteristics but operates within defined trading hours, cryptocurrency markets run non-stop—24 hours a day, seven days a week—without any downtime.

The first rule for beginners is simple: stepping into the crypto economy without fully understanding its risks can lead to painful losses. While the upside potential can be impressive, critics argue that the lack of regulation still places digital assets closer to high-stakes gambling than traditional investment. Even within investment circles, some asset managers maintain reservations about crypto due to its unregulated structure.

Allocating a $100 Budget

With a starting capital of $100, entry-level investors typically cannot target blue-chip tokens such as Bitcoin, Ethereum, or Ripple. Instead, understanding market trends and the ease of price movement becomes crucial. For instance, a 1% movement in the BTC/USD pair can escalate anxiety—particularly among investors in developing economies facing exchange-rate pressure.

If Bitcoin trades around $100,000, a 1% drop equals a $1,000 decline. By contrast, holding a small position in a low-cost token like Dogecoin provides more psychological comfort. A $20 position in Dogecoin can retain stability even during small market dips.

Patience becomes a survival tool. Much like penny stock investors, crypto newcomers must maintain discipline during price swings. Significant volatility in Bitcoin can prompt rushed decisions, forcing investors into premature exits. A typical scenario might involve watching BTC drop from $100,000 to $95,000 and regretting not selling earlier when the loss was smaller.

Fear and greed shape every investor’s behaviour. Asset choices directly reflect the size of an investor’s wallet. Individuals whose net worth matches the price of a single Bitcoin should avoid such exposure unless they are prepared for speculative risk.

At a December 4 trading price of $0.1492, a $100 investment yields roughly 670 units of Dogecoin. However, purchasing during an upward rally often backfires due to the natural law of market correction. Still, many crypto traders jump in aggressively during rallies. Timing becomes a critical skill because an uptrend can quickly evolve into a seller-dominated market.

Experienced investors—often referred to as “crypto whales”—tend to go against public sentiment. They offload assets during surges and accumulate more during declines. While this strategy can be profitable, it requires experience and the ability to absorb risk.

Building a $200 Portfolio

With $200, diversification becomes more realistic. Investors are advised not to concentrate solely on Dogecoin. Spreading risk allows the decline in one asset to be offset by gains in another. A simple calculation helps determine overall performance at any given moment.

Cardano (ADA/USD), priced at $0.4450, represents one suitable alternative. Allocating $100 to ADA secures about 225 units. With this combination, investors would have a portfolio comprising Dogecoin and Cardano—two assets with different market behaviours.

At this point, portfolio management becomes about monitoring price direction. If Cardano experiences an upward trend while Dogecoin declines, investors should examine broader market sentiment. News reports, regulatory actions, liquidation events, and large whale transactions often determine price direction.

For instance, a single announcement from a major influencer—such as Elon Musk offering a discount to Tesla buyers who pay with Dogecoin—could trigger immediate market reactions. Such developments highlight the influence of news and public figures on cryptocurrency valuation.

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How Fixed-Income Investments Help Nigerians Manage Inflation Pressures

With inflation currently hovering around 16.05%, many Nigerians are increasingly questioning whether fixed-income instruments—now offering between 16% and 18%—still provide meaningful value. The simple answer is yes, and the reasoning is grounded in economic logic.

Even when yields cluster around inflation levels, fixed-income investments continue to offer practical advantages. A return of 16–18% against an inflation rate of 16.05% may appear narrow, but it still translates into a small positive real yield. This is far better than leaving cash idle, where inflation steadily erodes purchasing power.

Fixed-income assets remain a reliable safe haven for conservative investors. Unlike equities, where returns can fluctuate significantly due to market sentiment or economic cycles, fixed-income instruments provide predictable payouts and reduced volatility. For individuals prioritising safety and stability, this dependability carries significant weight.

These elevated yields also reflect government monetary efforts to stabilise the economy. By offering rates slightly higher than inflation, authorities encourage investors to tie up excess liquidity, thereby reducing money supply and easing inflationary pressure. Investors, in turn, benefit from predictable income while indirectly supporting economic balance.

In addition, locking in high fixed rates today can be advantageous if inflation gradually declines. Should inflation fall, the real value of existing fixed-income returns becomes more attractive, effectively increasing purchasing power over time.

Although equities may outperform inflation over long periods, they come with enhanced volatility. For investors whose primary objective is capital preservation rather than aggressive growth, the current fixed-income environment is both rational and prudent.

In conclusion, while fixed-income yields of 16–18% may not produce dramatic real wealth in the short term, they offer an important blend of stability, capital protection, and inflation-level returns. For many risk-averse investors navigating today’s economic realities, fixed-income remains a dependable anchor in their broader investment strategy.

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Detty December 2025: The Ultimate Day‑By‑Day Event Guide- Full List !!

Detty December isn’t just a vibe—it’s a movement. What started as a Lagos‑based party season has become a global cultural phenomenon, drawing thousands of Nigerians abroad and Afrobeat lovers from around the world. From concerts and food festivals to raves, art shows, and religious gatherings, December in Nigeria is now a nonstop celebration of identity, creativity, and connection.

BizWatch Nigeria has curated this day‑by‑day guide to help you navigate the madness. Whether you’re an IJGB (I Just Got Back), a local explorer, or a first‑time visitor, this listicle is your passport to the most exciting month of the year.

December 1–3

No major events scheduled. Use these days to rest, plan, and hydrate.

December 4

  • Reboot Camp | Celebr8 Centre HQ, Ogba | ✅ Free
  • Art of Lagos | Landmark Event Centre, VI | ✅ Free

December 5

  • Christmas With Kaline | Terra Kulture | ❌ Paid
  • 🎟 Ticket Categories:
    • ELITE – ₦100,000 → Front‑section seats, private lounge, red carpet access
    • PREMIUM – Sold Out → Row 2 seats, excellent stage visibility
    • CLASSIC – ₦40,000 → Row 3 and middle‑aisle seats, central focus
    • STANDARD – ₦30,000 → Rows 4–8, full stage view
  • The Experience Lagos | Tafawa Balewa Square | ✅ Free
  • South Social (Dec 5–26) | Lagos | ❌ Paid
  • 🎟 Ticket Categories:
    • ₦10,000 Online → Advance purchase
    • ₦13,000 At the Door → Standard entry
    • ₦20,000 From 1 AM → Late‑night surcharge

December 6

  • Copper Fest | Lagos | ₦3,000
  • Networking & End of Year Party | Yaba | ❌ Paid
  • 🎟 Ticket Categories:
    • Solo → ₦10,000
    • Bestie (2 people) → ₦18,000
    • Squad (5 people) → ₦45,000
  • Afrobeat Karaoke | Lagos | ₦2,000
  • Lagos Pop Up | Ikoyi | ✅ Free

December 7

  • Johnny’s Room Live | SystemSpecs HQ, Oniru | ❌ Paid
  • 🎟 Ticket Categories:
    • Standard → ₦20,000
    • Golden Circle → ₦30,000
    • VIP → ₦100,000
    • Table → ₦1,500,000
    • Table Seat → ₦190,000
  • MS DSF & Friends | Balmoral Hall, Federal Palace Hotel | ❌ Paid
  • 🎟 Ticket Categories:
    • Party People → ₦10,900
    • DSF GENG (Cocktail Table) → ₦540,100
    • Get Me Lit (Table) → ₦1,080,100
    • BIG DSF (Table) → ₦2,160,100
  • Deti Gamecon | Lagos | ✅ Fre

December 9

  • Shiloh 2025 (Dec 9–14) | Faith Tabernacle, Ota | ✅ Free

December 10

  • Product Dive Conference | Landmark Centre, VI | ❌ Paid
  • 🎟 Ticket Categories:
    • Elite Access → ₦97,000
    • Regular Group of 5 → ₦90,000
    • Elite Group of 5 → ₦400,000
    • Installment Option → ₦50,000
    • Virtual Access → ₦20,000
  • Continental Rave Lagos | Dream Plaza | ❌ Paid
  • 🎟 Ticket Categories:
    • Early Bird → ₦5,500
    • Standard → ₦8,200

December 12

  • The 9‑5 Party | The Tribe Lagos | ❌ Paid (Sold Out)
  • Madhouse Drenched | 234lofts Beach Resort | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦9,280
    • Stage Access (VIP) → ₦32,500
    • Trident (Group of 3) → ₦26,220
    • Tide Crew (Group of 3) → ₦41,000
  • Osikova Speaks | Elegushi Beach, Lekki | ❌ Paid
  • 🎟 Ticket Categories:
    • High Court → ₦7,500
    • Court of Appeal → ₦10,000

December 13

  • Keneyblaq Music Comedy Festival | Onikan Stadium | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦10,000
    • VIP Booth → ₦3,000,000
  • Bella Shmurda & Friends @ AfroVibes Fest | Livespot Enterarium | ❌ Paid
  • 🎟 Ticket Categories:
    • General Access (Early Bird) → ₦32,500
    • VIP → ₦162,100
  • Symphony of Christmas | Muson Centre | ❌ Paid
  • 🎟 Ticket Categories:
    • Classic → ₦10,000
    • VIP → ₦20,000
    • Children → ₦5,500
  • HolidayHaus PopUp Shop | Baywater Park | ✅ Free

December 14

  • Lagos Food Fest 5.0 | Muri Okunola Park | ✅ Fre
  • Vibes Picnic | Ikeja | ₦10,00
  • Treats from the Streets | Lagos Continental Hotel | ❌ Paid
  • 🎟 Ticket Categories:
    • Gold → ₦225,000
    • Diamond → ₦168,750
  • Runaway Heist on Broadway | Landmark Centre | ❌ Paid \
  • 🎟 Ticket Categories:
    • Lane → ₦25,000
    • Diamond → ₦100,000
    • Circle → ₦50,000
  • Street Food Festival | Ikoyi Crescent | ❌ Paid
  • 🎟 Ticket Categories:
    • Children → Free
    • Single Entry → ₦5,000
    • Group of 4 → ₦18,000
    • Entry + Prosecco → ₦59,000
  • Kortyard Concert | Bature Brewery, VI | ❌ Paid
  • 🎟 Ticket Categories:
    • Early Bird (Single) → ₦12,000
    • Early Bird (Couple) → ₦20,000
    • VIP → ₦35,000
    • Group of 7 (VIP) → ₦60,000

December 15

  • Afrocan Fest 2025 (Dec 15–25) | Freedom Park, Broad Street, Lagos Island | ❌ Paid
  • 🎟 Ticket Categories:
    • Single Class Pass → ₦3,500
    • Day Pass → ₦10,000
    • Festival Pass (all 6 days) → ₦60,000
  • What a Feeling | Balmoral Convention Centre, Federal Palace Hotel, VI | ❌ Paid
  • 🎟 Ticket Categories:
    • Rockstar (General Access) → ₦35,000
    • Legend Earlybird (Platform Access + perks) → ₦100,000
    • Riddim Table (8 standing) → ₦750,000
    • You Table (8 seated + drinks) → ₦2,000,000

December 16

  • The Vibe of the Year | Queens Park Events Center | ❌ Paid
  • 🎟 Ticket Categories:
    • Early Bird (Solo) → ₦10,400
    • Stage Access → ₦36,150
  • NFEC Tradefair Fest (Dec 16–18) | Lagos | ✅ Free

December 17

  • Foodie In Lagos Festival | Encourage Park, Osborne Rd, Lagos | ❌ Paid 🎟 Ticket Categories:
    • Kids (6–12) → ₦2,000
    • Early Bird → ₦5,000
    • Standard → ₦7,500
    • Squad of Five (Early Bird) → ₦20,000
    • Squad of Five → ₦35,000

December 18

  • Outchea Lagos | Hard Rock Café, VI | ❌ Paid 🎟 Ticket Categories:
    • GA + Afterparty → £7.20
    • Afterparty Only → £14.40
  • Chike Detty Love Concert | Landmark Event Centre, VI | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦50,000
    • VIP → ₦75,000
    • Bronze Table → ₦2,000,000
    • Silver Table → ₦3,000,000
    • Gold Table → ₦5,000,000
  • Emmanuel Chapel Christmas Concert | Terra Kulture | ❌ Paid (Sold Out)
  • Motherland Festival (Dec 18–20) | Motherland Grounds, VI | ❌ Paid
  • 🎟 Ticket Categories:
    • Experience Pass (Dec 18–19) → Free
    • Obis House G.A (Dec 18) → ₦16,300
    • Festival Bundle G.A (Ex + Obis House + Concert) → ₦86,500
    • Concert Pass G.A (Dec 20) → ₦75,700
    • Squad Concert Pass (4 Tickets) → ₦289,840
    • Golden Circle VIP (Standing) → ₦107,020
    • VIP Sitting → ₦161,020
    • Squad Festival Bundle (4 Tickets) → ₦333,040
  • Dear Diary (Play) | Osborne Road, Ikoyi | ❌ Paid
  • 🎟 Ticket Categories:
    • Day 1 Pass (Dec 18) → ₦27,100
    • Day 2 Pass (Dec 19) → ₦27,100
    • Day 3 Pass (Dec 20) → ₦27,100

December 19

  • Faaji Friday (Dec 18–20) | Daystar Christian Centre, Oregun | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦11,440
    • VIP → ₦43,300
    • Couple → ₦75,700
    • Family → ₦140,500
    • Silver Table Seat → ₦108,100
    • Gold Table Seat → ₦145,900
    • Platinum Table Seat → ₦183,700
    • Silver Table → ₦1,080,100
    • Gold Table → ₦1,458,100
    • Platinum Table → ₦1,836,100
  • Iconic Fest (BNXN) | Landmark Event Centre | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦35,000
    • Buy 3 Regular → ₦100,000
    • VIP → ₦55,000
    • Buy 3 VIP → ₦150,000
  • DettyDecfest | Illubirin | ❌ Paid
  • 🎟 Ticket Categories:
    • General Access (Early Bird) → ₦32,500
    • Golden Circle → ₦162,100
    • VIP → ₦324,100
  • Tay Iwar Live | HEREL Play, Ikoyi | ❌ Paid
  • 🎟 Ticket Categories:
    • Student Union → ₦10,900
    • Early Bird → ₦32,500
    • General Access → ₦37,900
    • Meet & Greet + GA → ₦86,500
    • VIP → ₦108,100
    • Group of 6 → ₦864,100
    • Party Crew → ₦1,296,100
  • Roadblock Rise | Balmoral Convention Centre, Ikeja | ❌ Paid
  • 🎟 Ticket Categories:
    • VIP Experience → ₦30,000
  • Oblivion All Black Party | The Artisan Lounge | ❌ Paid
  • 🎟 Ticket Categories:
    • Early Bird → ₦10,900

December 20

Stanbic IBTC FUZE Festival 4.0, Carnival Edition| Tafawa Balewa Square | ✅ Free

Registration is required to attend! Register Here

GTCO Food & Drink Holiday Edition (Dec 20–21) | Lagos | ✅ Free

  • Pam2an x Palmwine Beach Carnival | Voda Beach Club, Lekki | ❌ Paid
  • 🎟 Ticket Categories:
    • Pre‑Sale → ₦7,500 (Sold Out)
    • First Release → ₦10,000
    • Stage Access → ₦40,000
  • Kara Fest | Muri Okunola Park | ₦3,000
  • Sewa Live in Lagos | Bature Brewery | ❌ Paid 🎟 Ticket Categories:
    • Early Bird → ₦10,000
    • Regular → ₦15,000
    • VIP → ₦30,000
  • Creatives Hangout | Lagos | ₦3,500
  • Freekick Lagos | Campus Mini Stadium, Lagos Island | ✅ Free
  • Love Fest | Lekki Phase 1 | ❌ Paid
  • 🎟 Ticket Categories:
  • Regular → ₦16,500
  • VIP → ₦55,000
  • Table (Group of 20) → ₦550,000
  • Premium Squad (20 tickets) → Special package
  • African Fashion Week NG (Dec 20–21) | Lagos | ✅ Free
  • Mingle with Purpose | Civic Center, VI | ❌ Paid 🎟 Ticket Categories:
    • Early Bird → ₦100,000
    • Regular Package → ₦150,000
    • VIP Package → Premium tier
  • Old School R&B Brunch – Lagos | Sol Beach Elegushi | ❌ Paid
  • 🎟 Ticket Categories:
    • Single Entry → $15 (+$3.10 fee)
  • The Family Secret (5PM Show) | The Garden, Ikoyi | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦21,700
    • VIP → ₦43,300
    • Group of 5 Regular → ₦97,300
  • Motherland Festival (Main Day) | Motherland Grounds, VI | ❌ Paid 🎟 Ticket Categories:
    • Concert Pass G.A → ₦75,700
    • Squad Concert Pass (4 Tickets) → ₦289,840
    • Golden Circle VIP (Standing) → ₦107,020
    • VIP Sitting → ₦161,020
    • Experience Pass (Dec 18–19) → Free
    • Obis House G.A (Dec 18) → ₦16,300
    • Festival Bundle G.A (Ex + Obis House + Concert) → ₦86,500
    • Squad Festival Bundle (4 Tickets) → ₦333,040

December 21

  • Street Souk | Lagos | ₦12,500
  • Rhythm Unplugged (Rema) | Eko Hotel & Suites | ₦250,000 (VIP Standing)
  • Palmwine Music Festival | Fidelity Ground, Oniru | ❌ Paid 🎟 Ticket Categories:
    • General Admission → ₦25,000
    • VIP → ₦70,000
    • Meet & Greet → Premium tier
  • The Bonfire Experience | Lagos | ₦5,000
  • Retro Rave | Lagos | ❌ Paid
  • 🎟 Ticket Categories:
    • General Access → ₦16,300
    • Group of 3 → ₦43,499
    • Late Bird → ₦21,700
  • An Evening with ChefNaz | Lagos | ❌ Paid 🎟 Ticket Categories:
    • Individual → ₦25,000
    • Dual Experience → ₦45,000

December 22

  • Art Fiesta | Aba | ❌ Paid
  • 🎟 Ticket Categories:
    • VIP → ₦15,000
    • Group Ticket (2 VIPs) → ₦25,000
  • Eko Fiesta 2025 | Lagos | ✅ Free
  • Flytime Fest (Flavour) | Eko Hotel & Suites | ₦120,000 (VIP Ticket)
  • Retro Rave | Trib3 Lagos | ❌ Paid
  • 🎟 Ticket Categories:
    • General Access → ₦16,300
    • Group of 3 → ₦43,499
    • Late Bird → ₦21,700

December 23

  • No Turning Back Tour (Gaise) | Pistis Conference Centre, Lekki | ❌ Paid
  • 🎟 Ticket Categories:
    • General Entry → ₦10,900
    • Group of 4 → ₦32,800
    • VIP → ₦81,100
    • VVIP Group of 8 → ₦2,000,000
    • VVIP Single → ₦275,000
  • Flytime Fest (Olamide) | Eko Hotel & Suites | ₦150,000 (VIP Standing, Early Bird)
  • Street Souk | Lagos | ₦12,000

December 24

  • Flytime Fest (ASAKE) | Eko Hotel & Suites | ₦300,000 (VIP Standing, Early Bird)
  • Magixx Circus | The Freeme Space, Lekki | ₦15,850 (Standard Sapphire)

December 25

  • Flytime Fest (Davido) | Eko Convention Center | Price: To Be Announced

December 26

  • Eat Drink Festival (Dec 26–27) | Lagos | ✅ Free
  • Naija Party Diaspora’s Night | Sinatra Lounge, Ikeja | Price: TB
  • Lagos Party Diaspora’s Night | Club Ask, Lekki | ₦19,000
  • Kalakuta Queens (Dec 26–Jan 11) | Terra Kulture | ❌ Paid
  • 🎟 Ticket Categories:
    • Regular → ₦25,000
    • VIP → ₦70,000
    • VVIP → ₦100,000
  • Afrobeat Rebellion Exhibit | Eko Bank Pan African Centre | ✅ Fre

December 27

  • Kizz Daniel Live in Concert | Eko Convention Center | Price: TBA
  • The Cavemen Live in Concert | Fidelity Ground, Oniru | ❌ Paid
  • 🎟 Ticket Categories:
    • Early Bird → ₦27,100
    • General Access → ₦43,300
    • VIP → ₦162,100
    • Single Seat on Table → ₦324,100
    • Platinum Table → ₦2,160,100
  • Hangover | Sinatra, Lagos | Price: Not Available

December 28

  • Afrodiaspora | Lagos | ❌ Paid 🎟 Ticket Categories:
    • Early Bird → ₦10,000
    • Regular → ₦20,000
    • Table for 5 → ₦1,000,000
    • Table for 10 → ₦2,000,000
    • Table for 15 → ₦3,000,000
  • Events with Reas | Surulere | ₦25,000
  • Pepper Soup Festival | Muri Okunola Park | ✅ Free (Registration required)
  • Fireboy DML Live in Concert | Eko Hotel | ❌ Paid
  • 🎟 Ticket Categories:
    • Spark (GA) → ₦35,000
    • VIP Early Bird → ₦100,000
    • Flame (VIP) → ₦130,000
    • VVIP Table Seat → ₦300,000
    • Blaze VVIP Table → ₦3,000,000
    • Blaze Table → ₦4,000,000
    • Inferno Table → ₦5,000,000
    • Wildfire Table → ₦10,000,000
  • One More Time | Lagos | ❌ Paid 🎟 Ticket Categories:
    • Regular → ₦7,500
    • VIP → ₦15,000
    • Stage Access → ₦30,000
  • Splashdown | Voda Beach Club | ❌ Paid
  • 🎟 Ticket Categories:
    • Early Bird → ₦10,000
    • Regular → ₦20,000
    • Table for 5 → ₦1,000,000
    • Table for 10 → ₦2,000,000
    • Table for 15 → ₦3,000,000

December 29

  • Gabzy Live | Balmoral Event Centre | ❌ Paid 🎟 Ticket Categories:
    • EliteFest Early Bird – Wave 1 → ₦30,000 (Sold Out)
    • EliteFest Early Bird – Wave 2 → ₦40,000
    • EliteFest Regular → ₦60,000
    • EliteFest VIP Early Bird – Wave 1 → ₦70,000
    • EliteFest VIP Early Bird – Wave 2 → ₦100,000
    • EliteFest VIP → ₦120,000
    • VVIP → ₦200,000
  • Elite Festival | Lagos | ❌ Paid 🔗 Registration: @theelite25 🎟 Ticket Categories:
    • EliteFest Early Bird – Wave 1 → ₦30,000 (Sold Out)
    • EliteFest Early Bird – Wave 2 → ₦40,000
    • EliteFest Regular → ₦60,000
    • EliteFest VIP Early Bird – Wave 1 → ₦70,000
    • EliteFest VIP Early Bird – Wave 2 → ₦100,000
    • EliteFest VIP → ₦120,000
    • VVIP → ₦200,000

December 30

  • Rewind: A Flash Back Concert | Eko Hotel and Suites | ❌ Paid 🔗 Registration: @rewindconcert
  • 🎟 Ticket Categories:
    • Regular → ₦10,900
    • VIP → ₦30,000
    • VVIP → ₦54,100
    • Premium Table → ₦1,620,100
    • Elite Table → ₦3,240,100
    • Platinum Table → ₦5,400,100

 Closing Note

Top 7 Ways To Maximize Your Detty December Party Experience

FG Approves N185bn To Clear Gas Debts, Stabilise Power Supply

The Federal Government has approved the payment of N185 billion in long-standing debts owed to natural gas producers, in a move aimed at revitalising the gas sector and improving electricity generation across the country.

The intervention, authorised by President Bola Tinubu and endorsed on Wednesday by the National Economic Council (NEC) chaired by Vice-President Kashim Shettima, is regarded as one of the most significant financial commitments to Nigeria’s energy sector in recent years.

In a statement on Thursday, the Minister of State for Petroleum Resources (Gas), Dr Ekperikpe Ekpo, said the settlement of the debts would deliver wide-ranging benefits, beginning with the restoration of investor confidence in Nigeria’s gas value chain.

He explained that the N185 billion arrears—accrued over years from unmet gas supply obligations—had weakened producers’ cash flow, slowed operations, and discouraged exploration and new investments. The backlog, he noted, also reduced gas supply to power plants, exacerbating electricity shortages nationwide.

The approved settlement will be executed through a royalty-offset mechanism designed to reassure domestic and international suppliers who have repeatedly expressed concerns over the government’s indebtedness.

Describing the approval as a “decisive step towards revitalising Nigeria’s gas sector and strengthening its power-generation capacity,” Ekpo said the intervention aligns with the Decade of Gas initiative, which targets more than 12 billion cubic feet per day (bcf/d) of gas supply by 2030.

“Settling the debts is crucial to rebuilding trust between the government and gas producers, many of whom have withheld or slowed new investments due to uncertainty over payments,” he said.

He added that improved financial stability in the sector would accelerate upstream activity, boost exploration and production, and ultimately increase Nigeria’s overall gas output.

According to him, enhanced gas supply will support power generation, easing the chronic electricity shortages that continue to hinder households and businesses across the country. The anticipated improvements, he noted, should stimulate broader economic growth, given the central role of reliable energy in industrialisation, job creation, and competitiveness.

Ekpo also emphasised that strengthened fiscal discipline and greater transparency would help attract new investments from local and foreign stakeholders.

Tinubu administration showing commitment, says Decade of Gas Secretariat

The Coordinating Director of the Decade of Gas Secretariat, Mr Ed Ubong, welcomed the approval, saying it demonstrated the administration’s resolve to address structural weaknesses in the gas-to-power value chain.

“This decision underlines the Federal Government’s determination to clear legacy liabilities and gives gas producers the confidence that supplies to power generation will be honoured,” Ubong said. “It could unlock stalled projects, revive investor interest, and rebuild momentum behind Nigeria’s transition to a gas-driven economy.”

Background

The approval comes as the Federal Government finalises implementation frameworks for a N4 trillion government-backed bond to settle verified arrears owed to power Generation Companies (GenCos) and gas suppliers.

In 2024, the Managing Director of the Shell Petroleum Development Company of Nigeria (SPDC), Osagie Okunbor, disclosed that gas producers were grappling with outstanding payments totalling $1.3 billion.

In December 2024, Nairametrics reported that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had directed gas producers to suspend supply to indebted GenCos following the accumulation of more than N2 trillion in debts owed by the Federal Government and various power generation companies.

The latest intervention is expected to ease tensions in the sector and provide a pathway towards more reliable electricity supply for Nigerians.

FG Sets 20 December Deadline To Clear Contractors’ Debts
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