Airtel records highest consumer complaints among major telcos in H1 2026

By

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September 29, 2026

KEY POINTS

• Airtel recorded 228,992 consumer complaints in the first half of 2026, the highest among Nigeria’s four major telecommunications operators.

• The four operators received 413,587 complaints collectively between January and June, resolving 406,938 cases, or 98.38 per cent.

• MTN recorded the highest number of data depletion complaints, accounting for more than half of the 23,396 cases reported across the four operators.

MAIN STORY

Airtel Nigeria accounted for more than half of the consumer complaints recorded against Nigeria’s four major telecommunications operators in the first half of 2026, according to statistics released by the Nigerian Communications Commission (NCC).

The commission said the operators collectively received 413,587 complaints between January and June, with Airtel accounting for 228,992 cases, representing about 55 per cent of the total.

MTN ranked next with 124,405 complaints, followed by Globacom with 56,810 and T2mobile, formerly known as 9mobile, with 3,885 complaints.

Despite the volume of complaints, the operators resolved 406,938 cases during the period, representing a collective resolution rate of 98.38 per cent.

The individual resolution rates, however, varied. Airtel resolved 99.38 per cent of the complaints it received, while Globacom recorded a 99.04 per cent resolution rate.

MTN resolved 96.57 per cent of its complaints, while T2mobile recorded the lowest rate among the four operators at 88.57 per cent.

The NCC said the figures provided a picture of consumer complaint patterns, service quality concerns, regulatory compliance and the responsiveness of telecommunications operators.

The complaints covered a wide range of services and customer experiences, including quality of service, billing, data depletion, failed payment transactions, airtime top ups, number portability, value added services and SIM related matters.

Data depletion was a notable area of complaint during the period, with the four operators recording a combined 23,396 cases.

MTN had the highest number of complaints in this category at 12,212, accounting for more than half of the combined total. Airtel followed with 9,806 complaints, while Globacom recorded 1,373 and T2mobile five.

The data depletion complaints came as consumers continued to pay closer attention to mobile data consumption and telecommunications costs following tariff adjustments approved by the NCC.

MTN has previously pointed to several factors that can cause data to be consumed quickly, including high definition video streaming, automatic video playback, software updates, cloud backups and applications running in the background.

The operator has introduced tools such as daily usage reports and a data calculator to help subscribers monitor their consumption.

The NCC has also identified device settings, applications and background processes as factors capable of affecting how quickly mobile data is used.

The commission said the publication of the complaint statistics was intended to improve transparency and allow consumers and other stakeholders to monitor complaint patterns and operators’ responses.

It added that the complaints were handled under the Quality of Service Business Rules 2024 and Consumer Code of Practice Regulations 2024.

THE ISSUES

The complaint figures show that consumer concerns remain substantial across the telecommunications sector, although the operators collectively resolved the overwhelming majority of cases recorded during the period.
Data depletion was a significant source of complaints, with MTN alone accounting for 12,212 of the 23,396 cases recorded across the four operators.
The gap between complaint volumes and resolution rates shows that the number of complaints alone does not indicate how operators responded to subscribers, with resolution rates ranging from 88.57 per cent to 99.38 per cent.

WHAT’S NEXT

The NCC says the statistics will enable consumers and other stakeholders to track complaint trends, assess operators’ responsiveness and monitor compliance with telecommunications regulations.

Operators will also continue to address complaints across service quality, billing, data usage, payments, SIM related services and other areas covered by the regulatory framework.

BOTTOM LINE

The NCC’s first half 2026 figures show a high volume of consumer complaints across Nigeria’s major telecom operators, alongside a 98.38 per cent collective resolution rate. Airtel recorded the largest share of complaints, while data depletion emerged as a significant concern, particularly for MTN subscribers.

Yuan strengthens to 6.7399 against dollar at central parity

ArtMiabo festival opens in Abuja with focus on African heritage and legacy

By

Kehinde Victor

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September 29, 2026

KEY POINTS

• The fifth ArtMiabo International Art Festival has opened in Abuja with contemporary works examining African heritage, identity, culture and history.

• The four day festival is connecting emerging and established artists with collectors, government institutions, embassies and other potential supporters.

• Artists at the exhibition highlighted preservation, documentation, copyright, storage and logistics as important to the development of Nigeria’s art sector.

MAIN STORY

The fifth edition of the ArtMiabo International Art Festival opened in Abuja on Monday, bringing artists, collectors, culture stakeholders and art enthusiasts together for a four day celebration centred on African heritage and legacy.

The festival, themed “African Art: Heritage and Legacy,” is holding at the FCT Exhibition Pavilion from Sept. 28 to Oct. 1 and features contemporary works exploring African identity, history and cultural experiences.

The opening attracted emerging and established artists whose works covered subjects ranging from historical figures and collective memory to identity, social issues and intangible cultural experiences.

Artists also interacted directly with visitors, explaining the ideas and techniques behind their works as guests moved through the exhibition.

The festival’s convener, Miabo Enyadike, said the platform was created partly to give artists access to institutions and individuals capable of supporting their careers and expanding the market for their work.

She said the festival was also using the exhibition to draw attention to the preservation and restoration of artworks that form part of Nigeria’s cultural heritage.

Enyadike said the choice of heritage and legacy as this year’s theme reflected the role of art beyond visual appeal, particularly its ability to document stories, identity and history for future generations.

Among the participating artists was Udie Undie, whose paintings and works made from up cycled materials examine the human mind and sociological issues.

Participating in the festival for the first time, Undie said his colourful works were intended to provide viewers with a way of balancing the pressures of everyday life rather than simply escaping from reality.

He also stressed the need for artists to document their creative processes, including sketches and other records, to establish the authenticity and provenance of their works.

Fridausi Garba, another visual artist at the exhibition, focused on culture, history and earlier generations in her works, using oil and acrylic as her main media.

One of her works draws on the story of Queen Amina of Zazzau, particularly the courage and resilience associated with the historical figure.

Garba said art could serve as an important means of preserving historical accounts, particularly in cases where photographic documentation of historical personalities was unavailable.

For mixed media artist Favour Enumah, the focus is on making intangible aspects of human experience visible. Her works explore identity, heritage, culture, memory and experiences passed between generations.

Enumah, who was participating in an international festival for the first time, said she hoped the event would provide greater visibility and connections that could support her career. She also urged artists to document their works and consider copyright protection against unauthorised reproduction.

Lagos based contemporary paper artist Deolu Femi approached memory through layers of paper, using the material to represent the different elements that make up human experiences.

Femi also drew attention to practical challenges affecting the preservation and commercialisation of Nigerian art. He called for institutional support, including suitable facilities for storing artworks and stronger systems for transporting them, particularly across African borders.

According to him, high logistics costs can make international sales more difficult and discourage artists from participating in the wider African and global art market.

He nevertheless said Nigerian artists were gaining increasing international recognition and could compete more effectively in the global market if the necessary structures were available.

Beyond the exhibition, the festival programme includes the Nigeria Art Legacy Forum, workshops and masterclasses, live art sessions, cultural performances and artisanal food and drinks.

THE ISSUES

The festival highlights the role of contemporary art in preserving cultural memory, particularly by giving historical events, identities and experiences a physical record that can be passed to future generations.
Documentation and copyright remain important to artists seeking to establish ownership and provenance, while preservation also requires suitable storage and restoration facilities.
Access to markets is affected not only by artistic visibility but also by practical issues such as logistics and the cost of moving artworks across borders, which can influence the ability of Nigerian artists to sell internationally.

WHAT’S BEING SAID

“We want to position artists before high-profile institutions, collectors, embassies and government officials. We want them to have access to the people and organisations that can support their work and help them grow,” — Miabo Enyadike, festival convener.

“My works are like escapism. Escapism isn’t a bad thing. You’re not running away. It’s a way of balancing reality, making reality bearable for you,” — Udie Undie, participating artist.

“I am interested in giving form to the things we cannot always see but shape who we are, such as memory, culture, identity and inherited experiences,” — Favour Enumah, mixed media artist.

WHAT’S NEXT

The ArtMiabo International Art Festival will continue through Oct. 1, with the exhibition running alongside the Nigeria Art Legacy Forum, workshops, masterclasses, live art and cultural performances.

The programme is also expected to provide participating artists with opportunities to interact with collectors, institutions and other stakeholders in the creative sector.

BOTTOM LINE

The fifth ArtMiabo festival is using contemporary art to connect cultural preservation with opportunities for artists, while participants draw attention to the documentation, copyright, storage and logistics structures needed to strengthen Nigeria’s art ecosystem.

CBN urges traders to protect Naira, reduce cost of replacing damaged notes

Yuan strengthens to 6.7399 against dollar at central parity

By

Kehinde Victor

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September 29, 2026

KEY POINTS

• China’s central parity rate for the yuan strengthened by 90 pips against the dollar to 6.7399 on Monday.

• The rate is determined from a weighted average of prices quoted by market makers before the opening of the interbank market.

• The yuan is permitted to trade within a two per cent range above or below the daily central parity rate in China’s spot foreign exchange market.

MAIN STORY

China’s yuan strengthened against the U.S. dollar on Monday, with its central parity rate rising 90 pips to 6.7399, according to the China Foreign Exchange Trade System.

The central parity rate serves as the reference point for trading the yuan in China’s spot foreign exchange market, where the currency is allowed to move by up to two per cent in either direction from the daily benchmark.

The daily reference rate is established before the interbank market opens, based on a weighted average of prices submitted by market makers.

The movement means the yuan’s official reference value against the dollar was set at a stronger level than in the previous trading session.

THE ISSUES

The central parity rate provides a daily reference for yuan trading and sets the basis around which movements in the spot foreign exchange market are allowed.
The two per cent trading band gives the yuan room to fluctuate during the session while keeping movements within the prescribed range around the central parity rate.
The use of market maker quotations in determining the benchmark means the daily reference rate reflects a weighted assessment of prevailing market prices before trading begins.

WHAT’S NEXT

Trading in the spot foreign exchange market will take place around Monday’s central parity rate, with the yuan permitted to move within the prescribed two per cent band during the trading day.

BOTTOM LINE

The yuan opened the week with a stronger central parity rate against the dollar, while China’s exchange rate system continues to allow daily market movements within a defined range around the benchmark.

Nigerian equities rebound, add N344bn on renewed buying interest

NCGC-backed lending reaches N46.95bn in first year, Tinubu says

By

Kehinde Victor

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September 29, 2026

KEY POINTS

• National Credit Guarantee Company-backed lending reached N46.95 billion in its first year, supported by N21.59 billion in guarantees.

• 67,512 borrowers across 25 states and the FCT accessed the credit, including 11,374 women and more than 22,000 first-time formal borrowers.

• The scheme operates through 19 financial institutions and is intended to widen formal credit access for households and businesses.

MAIN STORY

President Bola Tinubu says the National Credit Guarantee Company (NCGC) helped participating financial institutions extend N46.95 billion in loans during its first year of operations, as the Federal Government seeks to expand access to formal credit for individuals and businesses.

Tinubu disclosed this on Monday in a series of posts on his official X handle, @officialABAT, stating that the company had issued N21.59 billion in guarantees to participating lenders.

The President said the arrangement meant that every N1 in guarantee cover had helped unlock about N2.17 in credit, with the government-backed risk sharing giving financial institutions greater confidence to lend to borrowers who might otherwise struggle to secure financing.

The NCGC currently works with 19 financial institutions, comprising 13 commercial banks, three microfinance banks and three development finance institutions.

Tinubu said the scheme was established to address a major barrier to formal financing, particularly for viable businesses whose access to loans can be limited by inadequate collateral or a lack of established credit histories.

Under the guarantee arrangement, NCGC absorbs part of the lending risk while participating financial institutions provide the credit, allowing lenders to extend financing to a wider range of borrowers.

The scheme has reached 67,512 borrowers across 25 states and the Federal Capital Territory, with women accounting for 11,374 of the beneficiaries.

Tinubu said 33.5 per cent of those who benefited were first-time formal borrowers. This means more than 22,000 Nigerians entered the formal credit system through the scheme and can begin building credit histories through their repayments.

He said the ability to establish such records could improve borrowers’ prospects of obtaining further credit, as successful repayment creates a track record for future lending decisions.

The President linked access to credit to business activity and employment, noting that financing could allow traders to replenish their stocks, manufacturers to take on larger orders and businesses to expand their operations.

According to Tinubu, NCGC estimates that businesses supported through the scheme account for 661,291 direct and indirect jobs.

He said the credit guarantee programme formed part of a broader government effort to move Nigeria towards a credit-based economy, alongside other financing initiatives.

These include consumer credit provided through the Nigerian Consumer Credit Corporation (CREDICORP), student financing through the Nigerian Education Loan Fund (NELFUND), and business lending by the Bank of Industry and Development Bank of Nigeria.

Tinubu said the government would continue to widen access to credit so that more households and businesses could use formal financing to take advantage of opportunities created by its economic reforms.

THE ISSUES

The NCGC model shifts part of the lending risk away from financial institutions, potentially allowing viable borrowers who lack substantial collateral or established credit records to enter the formal credit market.
The number of first-time borrowers is significant because access to formal credit can create a repayment history that may influence future borrowing opportunities.
The reported lending figures also show the scale at which government-backed guarantees can be used to mobilise financing through existing financial institutions rather than having government directly provide every loan.

WHAT’S BEING SAID

“When I sought your mandate, I promised to move Nigeria towards a credit-based economy and to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance.” — Bola Tinubu, President.

“NCGC has issued ₦21.59 billion in guarantees. On the strength of those guarantees, participating lenders have extended ₦46.95 billion in loans. That means every ₦1 in guarantees has helped unlock about ₦2.17 in credit.” — Bola Tinubu, President.

“Each successful repayment strengthens that record and can make the next loan easier to secure.” — Bola Tinubu, President.

“Our reforms laid the foundation. Credit gives Nigerians the means to build on it.” — Bola Tinubu, President.

WHAT’S NEXT

The Federal Government says it will continue expanding access to formal credit, with the NCGC operating alongside other government-backed financing programmes for consumers, students and businesses.

The continued participation of banks, microfinance banks and development finance institutions will determine how widely the guarantee mechanism can extend credit to additional borrowers.

BOTTOM LINE

The NCGC’s first year has produced N46.95 billion in credit for 67,512 borrowers, according to Tinubu, with the guarantee model aimed at reducing the collateral and credit-history barriers that keep many Nigerians and businesses outside formal financing.

CBN urges traders to protect Naira, reduce cost of replacing damaged notes

Fuel price increase squeezes traders as transport costs rise

By

Kehinde Victor

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September 29, 2026

NNPC Denies Plans To Increase Fuel Price

KEY POINTS

• Traders in the FCT and neighbouring Suleja say higher fuel prices have raised transportation, restocking and operating costs.

• Some businesses are raising prices, but weaker consumer spending is limiting their ability to fully pass higher costs to customers.

• Traders and residents are calling for lower transport costs, improved infrastructure, affordable credit and higher incomes to ease the pressure.

MAIN STORY

The recent increase in fuel prices is putting pressure on traders in the Federal Capital Territory and Suleja, with higher transportation and restocking costs combining with weaker consumer demand to squeeze business margins.

Traders who spoke with the News Agency of Nigeria (NAN) on Monday said the impact was being felt across their operations, from sourcing goods to transporting them to their shops and delivering them to customers.

Umar Bayero, a trader in Suleja, said his logistics expenses had risen by between 30 per cent and 50 per cent, depending on the distance and quantity of goods being moved.

He said suppliers were also adjusting their prices because of increased distribution costs, leaving traders with little choice but to raise selling prices.

However, Bayero said the higher prices could not be transferred fully to customers because many consumers were cutting back on purchases and concentrating on essential goods.

Another trader, Azubuike Okafor, said the combination of higher operating expenses and weaker purchasing power had left him with lower sales and reduced profits.

He said he was responding by comparing supplier prices, purchasing according to demand and tightening stock management.

At Rubis Mart in Suleja, Haneefa Anegbe said transportation costs had increased significantly and were feeding into the prices of goods.

“The impact is not too much, we absorb it, but when an increase is significant, like something selling for N60,000 goes up to N68,000, we have no choice than to increase our price too.”

Anegbe said sales had also weakened as customers became more cautious about spending and prioritised expenses such as school fees and other obligations.

She linked stronger consumer spending to household incomes, saying businesses could purchase and stock goods but would struggle if customers lacked the income to buy them.

The pressure extends beyond traders. A resident of Kubwa, Auwal Muhammad, said higher fuel prices had increased his transportation expenses as well as the cost of food and other goods, forcing him to buy smaller quantities and reduce non essential spending.

Another resident, Fauziya Umar, said her purchasing power had fallen because her income had not increased alongside transportation and commodity prices.

THE ISSUES

Higher fuel costs are feeding directly into the cost of moving goods, making transportation and restocking more expensive for traders and suppliers.
Traders face a difficult pricing balance because raising prices can protect margins but may further reduce demand among consumers whose purchasing power is already under pressure.
The impact is extending to households, with residents reporting reduced quantities of purchases, tighter spending and greater prioritisation of essential needs.

WHAT’S BEING SAID

“As a trader, I depend on transportation both to source goods from suppliers and to move them to my place of business.

“From an economic perspective, this has contributed to higher input costs and reduced my profit margin,” — Umar Bayero, trader.

“Depending on the distance and quantity of goods involved, my transportation and logistics expenses have increased by roughly between 30 per cent 50 per cent.

“Suppliers have also increased their prices because they face higher transportation and distribution costs.

“This has forced me to increase my selling prices to partly compensate for the higher cost of restocking and transportation,” — Umar Bayero, trader.

“Compared with the period before the fuel price increase, I am dealing with higher costs, weaker demand, and low profit,” — Azubuike Okafor, trader.

“The impact is not too much, we absorb it, but when an increase is significant, like something selling for N60,000 goes up to N68,000, we have no choice than to increase our price too.” — Haneefa Anegbe, Rubis Mart, Suleja.

“I believe that if the minimum wage increases or customers earn more, spending will increase. They will be able to spend more to afford their basic needs,” — Haneefa Anegbe, Rubis Mart, Suleja.

“Transportation costs have gone up, and the prices of food and other goods have also increased,” — Auwal Muhammad, resident of Kubwa.

“My spending ability has been affected, whereas my income remains unchanged,” — Fauziya Umar, resident.

WHAT’S NEXT

Traders say they will continue to adjust their sourcing, stock levels and pricing as they respond to higher operating costs and changing customer demand.

They are also calling for more affordable transport and energy costs, low interest financing and better roads, while residents want measures that can ease transportation and essential commodity costs.

BOTTOM LINE

Higher fuel costs are creating pressure on both sides of the market: traders are paying more to operate while consumers have less room to spend. The result is a squeeze on business margins, sales and household purchasing power.

Kaduna pensioners hail N3.65bn approval for retirees’ benefits

CBN urges traders to protect Naira, reduce cost of replacing damaged notes

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• CBN says careful handling of Naira notes will extend their lifespan and reduce replacement costs.

• Apex bank targets traders because of their frequent involvement in cash transactions and circulation of banknotes.

• Campaign launched in Kano will be extended to other markets across the state.

MAIN STORY

The Central Bank of Nigeria (CBN) has launched a public awareness campaign in Kano urging traders and other cash users to handle Naira notes properly to reduce the volume of currency damaged through everyday transactions.

The campaign began at Galadima Market, with the apex bank identifying traders as key stakeholders because they receive, handle and accumulate large amounts of cash before depositing proceeds with banks.

Adedeji Adetona, Director, Currency Operations and Branch Management, represented by Ibrahim Yahya, Deputy Director, Currency Operations Department, said the condition of banknotes had implications for the resources required to replace notes that become dirty, soiled or mutilated.

He said preserving the physical quality of the currency would extend its usable life and reduce the resources spent replacing damaged notes.

“The key message is about proper handling of the Naira. The Naira is the symbol of our sovereignty. It is our national pride, and we need to handle the Naira very carefully and effectively,” he advised.

The CBN said Kano was chosen for the campaign because of its importance as a commercial centre with substantial cash based transactions. The initiative is expected to reach traders across different markets, including small scale sellers.

Adetona said traders were an important starting point because of the volume of cash that passes through their businesses and the period for which they may hold notes before taking them to banks.

The campaign team subsequently visited other locations in the state, including Sabon Gari Market, Abattoir, Yankaba Market, Tarauni Market, ‘Yan Lemo and Dawanau International Grains Market.

The Chairman of Galadima Market Traders Association, Shu’aibu Suleiman, pledged the market’s cooperation with the CBN in extending the awareness campaign to traders and customers.

He said sustained sensitisation would be necessary to encourage responsible handling of the national currency, particularly among small scale traders.

THE ISSUES

Frequent cash transactions expose Naira notes to repeated handling, making traders an important group in efforts to improve the physical condition of currency in circulation.
Damaged notes have to be withdrawn and replaced, creating an avoidable cost for the currency management system when notes deteriorate prematurely.
The campaign also places responsibility on the public to treat banknotes properly, rather than leaving currency preservation solely to banks and the CBN.

WHAT’S BEING SAID

“The key message is about proper handling of the Naira. The Naira is the symbol of our sovereignty. It is our national pride, and we need to handle the Naira very carefully and effectively,” — Adedeji Adetona, Director, Currency Operations and Branch Management, CBN.

“We believe that by handling the Naira carefully, we are extending the lifespan of that Naira and, by extension, saving a lot of money in terms of replacement of the Naira,” — Adedeji Adetona, Director, Currency Operations and Branch Management, CBN.

“We believe the market is the major place for exchange transactions. People bring cash and we understand the strategic nature of Kano in terms of commerce.

“Kano is a centre of commerce that records substantial cash transactions, making traders important stakeholders in efforts to promote proper handling of the currency,” — Adedeji Adetona, Director, Currency Operations and Branch Management, CBN.

“So we believe that when we talk to the traders themselves, that is the starting point.

“They accumulate cash and may be the part that they have used in their transactions and the remaining, they might likely take the remaining to the bank.

“So, we believe that proper handling by them as the first step will go a long way in achieving our objectives,” — Adedeji Adetona, Director, Currency Operations and Branch Management, CBN.

WHAT’S NEXT

The CBN plans to continue the sensitisation campaign across other markets in Kano, working with market leaders and other stakeholders to promote proper handling of Naira notes.

Galadima Market traders’ association also pledged to support the awareness effort among traders and customers.

BOTTOM LINE

The CBN is placing greater emphasis on public handling of banknotes as part of efforts to prolong the life of the Naira and reduce the resources required to replace damaged currency.

Kaduna pensioners hail N3.65bn approval for retirees’ benefits

Nigerian equities rebound, add N344bn on renewed buying interest

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Market capitalisation rose by N344 billion to N163.999 trillion as equities recovered from Friday’s losses.

• All Share Index gained 0.21 per cent to close at 252,635.11, lifting the year to date return to 62.35 per cent.

• Trading activity strengthened, with 1.01 billion shares worth N39.02 billion exchanged in 61,517 deals.

MAIN STORY

Nigerian equities regained ground on Monday, adding N344 billion to market value as buying interest returned across 33 stocks and pushed the benchmark index higher.

Market capitalisation increased to N163.999 trillion from N163.655 trillion at the previous session, while the All Share Index rose 521.70 points to 252,635.11.

The 0.21 per cent gain also lifted the market’s year to date return to 62.35 per cent, reversing part of the decline recorded in the preceding trading session.

University Press emerged as the strongest performer, gaining 9.89 per cent to close at N5 per share. Critical Minerals Financing Corp. followed with a 9.82 per cent increase to N3.58, while ABC Transport advanced 9.80 per cent to N5.60.

Eterna rose 9.62 per cent to N42.75, while Sovereign Trust Insurance gained 9.17 per cent to N2.62.

The positive session was reflected in market breadth, with 33 stocks recording gains compared with 24 decliners.

Fortis Global Insurance recorded the sharpest decline, falling 9.50 per cent to N1.81. Trans Nationwide Express lost 8.47 per cent to N2.70, while FG162029S1 declined 6.67 per cent to N70.

RT Briscoe dropped 6.07 per cent to N10.05 and WAPIC shed 4.74 per cent to close at N2.21.

Trading activity also picked up during the session, with investors exchanging 1.01 billion shares valued at N39.02 billion across 61,517 transactions.

Fidelity Bank dominated market activity, accounting for 528 million shares valued at N10.63 billion. Its trades represented 51.52 per cent of total volume and 26.88 per cent of the day’s traded value.

THE ISSUES

The broad based gains indicate that Monday’s recovery was not limited to a single group of stocks, with 33 equities advancing against 24 that declined.
The rise in market capitalisation and the All Share Index shows that the session restored part of the value lost in the previous trading period, while the year to date return remained firmly positive at 62.35 per cent.
The concentration of trading in Fidelity Bank points to strong activity in selected counters, even as overall market volume and value increased during the session.

WHAT’S NEXT

The market will look to sustain the renewed buying interest in subsequent sessions, with investors likely to continue responding to movements in individual equities and overall market conditions.

BOTTOM LINE

The Nigerian equities market started the week on a stronger footing, recovering N344 billion in value as gains across several stocks combined with heavier trading activity to lift the benchmark index.

Pension industry commits N241bn to infrastructure, PenCom says

Pension industry commits N241bn to infrastructure, PenCom says

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Pension fund operators have committed N241 billion to infrastructure through an industry infrastructure consortium established with FSD Africa.

• PenCom says the commitment could rise to nearly N300 billion, with actual investments scheduled to begin in Q2 2027.

• The Pension Industry Leadership Council has also approved a global benchmark assessment and is developing a Pension Transformation Agenda 2030.

MAIN STORY

Pension fund operators have committed N241 billion towards infrastructure development as the industry seeks to channel more long-term pension capital into projects across Nigeria.

The Director-General of the National Pension Commission (PenCom), Ms Omolola Oloworaran, disclosed this on Thursday in Lagos after the fourth meeting of the Pension Industry Leadership Council (PILC), which she chairs.

The commitment is being made through an infrastructure consortium created under a framework developed by the pension industry in collaboration with FSD Africa.

Oloworaran said the initiative was designed to increase the contribution of pension assets to long-term infrastructure financing, with the value of commitments expected to approach N300 billion as confidence in the investment structure grows.

However, the funds are not yet being deployed through the consortium. According to Oloworaran, investments are expected to commence in the second quarter of 2027 under the industry’s implementation schedule.

She described the current commitment as an initial step towards increasing the role of pension capital in infrastructure financing.

“This is the first step we are taking as an industry and this is just the beginning.

“We are committed to mobilising capital within the pension industry to deepen infrastructure development in the country,” she said.

Oloworaran said infrastructure was particularly relevant to pension investors because such assets have long investment horizons and can provide some protection against inflation.

Beyond infrastructure financing, the council is pursuing measures aimed at strengthening the pension industry’s operating standards.

The council approved an independent global benchmark maturity assessment that will examine the industry against international standards and established practices.

Oloworaran said the assessment was intended to identify areas where the Nigerian pension industry could improve its performance and align more closely with global practices. She said the exercise would be completed soon.

“We think it is something we need to do in order to elevate the industry to global standards and ensure that we operate within best practices across the board,” she said.

The PenCom director-general also announced that the 2026 Pension Week would take place from Oct. 26 to Oct. 30, with additional information expected to be released during subsequent media engagements.

She further disclosed that the industry was developing a Pension Transformation Agenda 2030, which would consolidate ongoing reforms and establish a longer-term direction for the sector.

According to her, the agenda would set out the industry’s objectives through 2030 and define the impact the reforms are intended to have on Nigerians.

THE ISSUES

Pension funds are being positioned as a source of long-term capital for infrastructure, with N241 billion already committed through the new consortium.
The infrastructure commitment is still at the mobilisation stage. Actual investments through the consortium are scheduled for Q2 2027, meaning the eventual economic impact will depend on how the framework translates commitments into funded projects.
The pension industry is pursuing infrastructure investment alongside broader institutional reforms, including an international benchmarking exercise and a long-term transformation plan through 2030.

WHAT’S BEING SAID

“This is the first step we are taking as an industry and this is just the beginning.” — Omolola Oloworaran, Director-General, PenCom

“We are committed to mobilising capital within the pension industry to deepen infrastructure development in the country.” — Omolola Oloworaran, Director-General, PenCom

“We think it is something we need to do in order to elevate the industry to global standards and ensure that we operate within best practices across the board.” — Omolola Oloworaran, Director-General, PenCom

WHAT’S NEXT

The infrastructure consortium is expected to move from capital mobilisation to actual investments in Q2 2027.

PenCom also expects to conclude the independent global benchmark maturity assessment, while the Pension Transformation Agenda 2030 will provide a longer-term framework for reforms within the industry.

The 2026 Pension Week is scheduled for Oct. 26 to Oct. 30.

BOTTOM LINE

Nigeria’s pension industry is preparing to deploy a larger share of its long-term capital towards infrastructure, with N241 billion already committed and a potential increase to nearly N300 billion. The next major step will be converting those commitments into actual investments from Q2 2027, alongside reforms aimed at strengthening the industry through 2030.

Guterres calls for action against racism as Durban declaration turns 25

Kaduna pensioners hail N3.65bn approval for retirees’ benefits

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Kaduna NUP commends Gov. Uba Sani over approval of N3.65bn for pensions, gratuities and death benefits.

• The latest payment covers 1,339 beneficiaries under the Defined Benefit and Contributory Pension Schemes.

• The union says the administration has paid N21.45bn to 9,683 beneficiaries since May 2023.

MAIN STORY

The Kaduna State chapter of the Nigeria Union of Pensioners (NUP) has welcomed the state government’s latest intervention to clear pension-related obligations owed to retirees and families of deceased public servants.

The union’s Chairman, Aboman Ladan, and Secretary, Alhassan Balarabe Musa, expressed the position in a letter made available to the News Agency of Nigeria (NAN) in Kaduna on Monday.

The union said the N3.65 billion approval for pensions, gratuities and death benefits would provide financial relief to beneficiaries across the state.

It said 1,339 people covered by both the Defined Benefit Scheme (DBS) and Contributory Pension Scheme (CPS) were included in the latest payment.

The NUP also pointed to the wider record of pension payments since Sani became governor in May 2023, saying N21.45 billion had so far been paid to 9,683 beneficiaries.

The union said the payments were significant because retirees depend on such entitlements after completing their years of public service.

It said Sani’s position that pension payments constitute an obligation rather than a discretionary gesture was consistent with the need to treat retirees’ entitlements as commitments owed by government.

The latest approval was earlier announced by the Commissioner for Information and Culture, Malam Ahmed Maiyaki, following the governor’s authorisation of the funds.

Under the breakdown, N515 million was earmarked for 210 Local Government retirees under the DBS.

A further N3.14 billion was approved under the CPS for 402 retirees from the State Service and 727 retirees from Local Government Councils.

The government said the intervention formed part of efforts to reduce outstanding pension liabilities and strengthen the sustainability of the state’s pension system.

The pensioners’ union said the continued payments had helped address accumulated obligations while improving the welfare of retired workers and affected families.

THE ISSUES

The latest N3.65 billion approval targets pension, gratuity and death benefit obligations affecting retirees and families of deceased public servants across Kaduna State.
The payments cover beneficiaries under two pension arrangements, with allocations going to both State Service and Local Government retirees.
The cumulative figure of N21.45 billion paid to 9,683 beneficiaries since May 2023 indicates that the administration has continued to allocate funds towards outstanding pension liabilities.

WHAT’S BEING SAID

“pension payment is not a favour. It is an obligation.” — Uba Sani, Kaduna State Governor

WHAT’S NEXT

The latest intervention is expected to support the continued settlement of outstanding pension and related liabilities to eligible beneficiaries across the state and its local government councils.

The state government has also indicated that the payments form part of efforts to improve the long-term sustainability of its pension system.

BOTTOM LINE

Kaduna’s latest pension intervention directs N3.65 billion towards retirees and families of deceased public servants, with 1,339 beneficiaries covered. The payment brings the amount the administration says it has disbursed to pension beneficiaries since May 2023 to N21.45 billion.

Nigeria sets conditions for support of next UN secretary general

FG, refinery owners seek reliable crude supply system for domestic plants

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Federal Government says domestic crude supply rules must become more predictable and commercially viable for local refineries.

• CORAN wants Naira-for-Crude arrangements institutionalised and a transparent pricing framework developed for domestic crude transactions.

• Refinery owners also seek stronger pipelines, storage facilities, depots and other infrastructure as local refining expands.

MAIN STORY

The Federal Government and the Crude Oil Refinery Owners Association of Nigeria (CORAN) have called for reforms to Nigeria’s domestic crude supply system to ensure local refineries can obtain feedstock on predictable and commercially viable terms.

The call was made at the third Nigeria Oil Refining Summit (NORS) 2026 in Lagos, where participants examined the challenges of connecting Nigeria’s crude production with its expanding domestic refining capacity.

The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, represented by his Technical Adviser, Mr Umar Gwandu, said the Domestic Crude Supply Obligation (DCSO) needed to move beyond an allocation mechanism and become a system capable of supporting investment decisions by refiners.

He said the Naira-for-Crude initiative was introduced to enable domestic refineries purchase Nigerian crude in local currency, with the broader aim of easing foreign exchange pressures and making feedstock procurement more predictable.

According to Lokpobiri, the government also has to reconcile the commercial interests of crude producers with the need to keep domestic refineries adequately supplied.

He said transactions should retain commercial flexibility through willing-buyer, willing-seller arrangements, while the regulatory framework provides sufficient transparency for both sides.

“The policy challenge is one of alignment, not confrontation,” he said.

Lokpobiri said government would continue supporting policies capable of giving investors greater certainty across the petroleum value chain.

For refinery owners, however, access to crude remains a practical challenge despite Nigeria’s large production base.

CORAN Chairman, Mr Momoh Oyarekhua, said some local refineries were still unable to obtain crude at prices that make their operations commercially sustainable.

He said continued difficulty in securing feedstock could leave refining capacity underutilised and keep Nigeria reliant on imported petroleum products.

Oyarekhua proposed that Naira-for-Crude arrangements should be formally extended to qualifying domestic refineries, including modular plants.

He also called for a standard domestic crude pricing mechanism that takes into account differences in crude quality, delivery locations and the actual cost of moving the commodity.

Such a framework, he said, should also account for the savings achieved when crude is supplied directly to Nigerian refineries rather than being exported before refined products are brought back into the country.

The CORAN chairman further called for stronger implementation of the DCSO provisions under Section 109 of the Petroleum Industry Act, while allowing producers and refiners to negotiate commercially workable arrangements.

He proposed crude swaps and supply arrangements based on geographical proximity, arguing that nearby producing assets could supply local refineries without sending crude through distant export routes.

Oyarekhua also linked the expansion of domestic refining to the need for investment in the infrastructure required to move and store both crude and petroleum products.

He called for greater development of pipelines, depots, storage terminals and jetties as part of the infrastructure supporting the refining industry.

“Support the refinery. Support the pipeline. Support the storage terminals,” he said.

The News Agency of Nigeria (NAN) reports that the summit brought together regulators, refinery operators, producers and other stakeholders in the oil and gas value chain.

THE ISSUES

Nigeria is expanding domestic refining capacity, but the availability and price of crude feedstock remain important factors in determining whether those plants can operate consistently and profitably.
The DCSO and Naira-for-Crude policy are intended to improve local access to Nigerian crude, but refiners and producers still need a framework that provides commercial certainty while protecting the interests of both sides.
The crude supply question is also an infrastructure issue. Pipelines, storage facilities, depots and jetties could determine how efficiently crude reaches refineries and refined products reach consumers and export markets.

WHAT’S BEING SAID

“The domestic supply obligation should not be viewed merely as an administrative allocation mechanism.” — Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil)

“The policy challenge is one of alignment, not confrontation.” — Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil)

“Support the refinery. Support the pipeline. Support the storage terminals.” — Momoh Oyarekhua, Chairman, CORAN

WHAT’S NEXT

The Federal Government is expected to continue developing a regulatory framework intended to make domestic crude supply more predictable and attractive to investors.

CORAN is pushing for the institutionalisation of Naira-for-Crude arrangements, clearer domestic crude pricing and stronger enforcement of the DCSO, alongside commercial mechanisms such as crude swaps and proximity-based supply.

Investment in pipelines, storage terminals, depots and jetties will also be important as more domestic refining capacity comes on stream.

BOTTOM LINE

Nigeria’s refining expansion creates a new need to make the link between crude production and domestic refineries work commercially. For refiners, having plants is only part of the equation. Reliable access to appropriately priced crude, supported by workable regulations and infrastructure, will determine how consistently those facilities can operate and how much Nigeria can reduce its dependence on imported petroleum products.

Domestic refining should drive industrialisation, Dangote, Lagos say

NUPRC says 112m barrels of crude transacted with domestic refiners

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Crude producers offered 182 million barrels to domestic refiners between January and August, while 112 million barrels were transacted.

• NUPRC says the 70 million barrel difference reflects commercial challenges involving pricing, payment security, crude grades and delivery schedules.

• The regulator is working on a domestic crude swap arrangement and measures to increase production as refinery demand grows.

MAIN STORY

Crude producers offered more oil to Nigerian refineries than the plants declared they needed between January and August, but a significant portion of those offers did not result in completed transactions, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said.

Mrs Oritsemeyiwa Eyesan, Chief Executive Officer of NUPRC, said producers offered 182 million barrels during the eight-month period, compared with domestic refiners’ declared requirement of 154.6 million barrels.

Of the crude offered, 112 million barrels, representing 61.4 per cent, were transacted. This leaves about 70 million barrels between the volume offered and the volume that resulted in completed transactions.

Eyesan, represented by NUPRC Deputy Director, Mr Boma Atiyegoba, disclosed the figures at the third Nigeria Oil Refining Summit in Lagos on Monday.

She said the difference should not be interpreted as a breakdown between producers and refiners, pointing instead to commercial conditions that can prevent an offer from becoming an actual transaction.

“This gap is not a failure on either side. It is a shared commercial challenge,” she said.

According to Eyesan, the parties face different constraints during negotiations. Producers are seeking adequate payment security, dependable off-takers and flexibility around existing export commitments, while refiners are focused on securing suitable crude, predictable delivery and workable prices.

NUPRC said it was responding by improving information available to both sides of the market. Eyesan said the commission would strengthen visibility around refinery requirements and producer availability, while increasing monitoring and compliance with domestic supply obligations.

The regulator is also developing mechanisms that could make it easier to match crude with nearby refineries.

Eyesan said consultations had been completed on a proposed domestic crude swap system. Under the arrangement, producers located closer to export terminals could transfer their domestic supply obligation to producers whose crude is geographically closer to local refineries.

The proposed system is intended to reduce the distance crude has to travel, lowering logistics costs and shortening delivery periods while improving compliance with domestic supply requirements.

Beyond improving transactions, NUPRC said Nigeria needs to increase the amount of crude available in the first place as domestic refining capacity grows.

Eyesan said the commission was accelerating field development and working to bring shut-in wells and marginal assets back into production.

She said expanding refinery capacity without increasing crude production would create greater competition for a limited supply of feedstock.

“Domestic refining cannot thrive by distributing a shrinking cake. It must be fed by a growing one,” Eyesan said.

Mr Adegbite Falade, Chairman of the Independent Petroleum Producers Group, also said higher crude production was necessary to support the expansion of domestic refining.

“Nigeria cannot refine barrels that are not produced,” Falade said.

He argued that increasing production, rather than simply reallocating existing crude among competing users, should be central to meeting the additional demand created by local refineries.

Falade also called for better crude evacuation infrastructure and a domestic market that gives producers and refiners sufficient transparency and investment certainty.

The Domestic Crude Supply Obligation operates under Section 109 of the Petroleum Industry Act and is based on willing-buyer, willing-seller arrangements.

THE ISSUES

The volume of crude offered to domestic refiners exceeded their declared requirement during the period, but only about three-fifths of the offers translated into completed transactions. This shows that availability alone does not guarantee a successful crude sale.
Producers and refiners face different commercial concerns, ranging from payment security and export commitments to crude quality, pricing and delivery schedules. These factors can prevent potential transactions from being completed.
As more refining capacity becomes available, Nigeria faces a parallel upstream challenge. Domestic plants will require a larger and more dependable supply of crude, making increased production as important as improving the mechanism for allocating existing output.

WHAT’S BEING SAID

“This gap is not a failure on either side. It is a shared commercial challenge.” — Oritsemeyiwa Eyesan, Chief Executive Officer, NUPRC

“The Commission is listening, and we are active.” — Oritsemeyiwa Eyesan, Chief Executive Officer, NUPRC

“Domestic refining cannot thrive by distributing a shrinking cake. It must be fed by a growing one.” — Oritsemeyiwa Eyesan, Chief Executive Officer, NUPRC

“Nigeria cannot refine barrels that are not produced.” — Adegbite Falade, Chairman, Independent Petroleum Producers Group

WHAT’S NEXT

NUPRC plans to strengthen monitoring of domestic crude supply, improve information on refinery demand and producer availability, and enforce domestic supply obligations where required.

The commission is also progressing with its proposed crude swap mechanism, which could allow producers to meet domestic supply commitments through geographically closer crude sources.

On the production side, field development and the return of shut-in wells and marginal assets are being accelerated to increase the volume of crude available to both domestic and export markets.

BOTTOM LINE

The figures show that Nigeria’s domestic refining challenge is not simply about how much crude producers offer. Between January and August, producers offered more crude than refiners said they needed, yet 70 million barrels did not translate into completed transactions. Improving commercial terms, logistics and supply mechanisms will therefore have to go alongside higher crude production if expanding refineries are to secure sufficient feedstock.

Nigeria sets conditions for support of next UN secretary general

Domestic refining should drive industrialisation, Dangote, Lagos say

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Lagos State Government says domestic refining should be linked with ports, industrial zones, transport infrastructure and markets to drive wider economic activity.

• Dangote Industries says competitive domestic refining can create jobs, generate taxes, retain foreign exchange and build industrial capabilities.

• Stakeholders warn that inadequate pipelines, storage, ports and distribution systems could limit the gains from increased domestic refining.

MAIN STORY

The expansion of Nigeria’s refining capacity should be used as a springboard for broader industrial development rather than being limited to meeting the country’s petroleum needs, the Lagos State Government and Dangote Industries Ltd. have said.

The position emerged at the third Nigeria Oil Refining Summit (NORS) 2026 in Lagos, where industry stakeholders examined ways of connecting crude supply with growing demand for refined petroleum products.

Representing Gov. Babajide Sanwo-Olu, the Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye, said Lagos was seeking to use its concentration of major infrastructure to create stronger connections between refining and other areas of the economy.

He cited the Lekki Deep Seaport, Lekki Free Trade Zone and Dangote Refinery as facilities whose combined impact could extend into manufacturing, supply chains, employment and new business opportunities.

Sanwo-Olu said the state therefore viewed refining as part of a wider economic system rather than an activity that ends when crude is converted into petroleum products.

“The objective should not simply be to refine more crude. It should be to build an ecosystem in which domestic refining strengthens manufacturing, supports businesses, creates jobs and makes our economy more productive,” he said.

For Dangote Industries, the economic case for refining also goes beyond replacing imported petroleum products.

The company’s President, Alhaji Aliko Dangote, represented at the summit by Group Chief Economist Dr Hassan Mahmud, said keeping more crude processing within Nigeria could allow the country to capture additional economic value that would otherwise be generated elsewhere.

He linked domestic processing to employment, government revenue, foreign exchange earnings and the development of capabilities that could support other businesses.

“Every barrel of crude that we process competitively in Nigeria rather than exporting unprocessed creates additional value, jobs, taxes, foreign exchange earnings, industrial capabilities and opportunities for supporting other businesses,” he said.

But the ability to translate refining capacity into wider economic gains depends partly on what happens after crude reaches the refinery, with logistics emerging as a key concern at the summit.

Dangote said Nigeria needed stronger systems for transporting crude and distributing finished petroleum products, particularly as refining volumes increase.

He identified pipelines, storage terminals, ports and distribution networks as essential components of the sector, warning that heavy reliance on road haulage for petroleum products adds cost and puts pressure on existing infrastructure.

“Moving millions of litres of petroleum product predominantly by road is costly, inefficient and damaging to our infrastructure,” Dangote said.

He also urged Nigeria to build refining capacity that can support exports, particularly into African markets, rather than designing the industry solely around domestic consumption.

According to him, a functioning refining industry would involve a range of facilities, from large plants to medium-sized, modular and specialised refineries.

“One refinery cannot create an industry,” he said.

THE ISSUES

Domestic refining is being positioned as a driver of wider industrial activity, with potential links to manufacturing, employment, supply chains and business growth.
Infrastructure gaps involving pipelines, storage terminals, ports and distribution systems could constrain the benefits of increased refining capacity and raise the cost of moving petroleum products.
Developing a competitive refining industry would require multiple types of efficient refineries as well as infrastructure and export capacity to serve domestic and regional markets.

WHAT’S BEING SAID

“The objective should not simply be to refine more crude. It should be to build an ecosystem in which domestic refining strengthens manufacturing, supports businesses, creates jobs and makes our economy more productive.” — Babajide Sanwo-Olu, Lagos State Governor

“Every barrel of crude that we process competitively in Nigeria rather than exporting unprocessed creates additional value, jobs, taxes, foreign exchange earnings, industrial capabilities and opportunities for supporting other businesses.” — Aliko Dangote, President, Dangote Industries Ltd.

“Moving millions of litres of petroleum product predominantly by road is costly, inefficient and damaging to our infrastructure.” — Aliko Dangote, President, Dangote Industries Ltd.

“One refinery cannot create an industry.” — Aliko Dangote, President, Dangote Industries Ltd.

WHAT’S NEXT

The focus is expected to be on strengthening the infrastructure needed to connect domestic refineries with crude supply, manufacturers, consumers and export markets.

This includes improving the systems for transporting crude and refined products, expanding storage and distribution infrastructure, and developing different categories of refining capacity.

BOTTOM LINE

The Lagos State Government and Dangote Industries want domestic refining to serve as a foundation for broader industrialisation, with manufacturing, jobs, logistics and exports forming part of the value chain. Infrastructure for moving and storing crude and refined products remains central to achieving that wider economic impact.

UN experts warn of abuses in US third country migrant transfers

Nigeria sets conditions for support of next UN secretary general

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Vice President Kashim Shettima says Nigeria will support a candidate for UN secretary general who backs Africa’s aspirations in global affairs.

• Shettima says Nigeria’s position will be guided by equity, justice, fairness, multilateralism and greater African representation in global decision making.

• Nigeria and the Netherlands have also agreed to deepen cooperation on financial inclusion, with Dutch expertise to support programmes targeting women and vulnerable Nigerians.

MAIN STORY

Vice President Kashim Shettima says Nigeria will support a candidate for the position of United Nations Secretary General who believes in Africa’s aspirations in global affairs.

Shettima stated this during a meeting with Costa Rican candidate for the position, Rebeca Grynspan, in New York.

A statement issued by his spokesman, Stanley Nkwocha, said the vice president told Grynspan that Nigeria’s position would be guided by equity, justice and fairness.

He said Nigeria would also support a candidate committed to securing stronger African representation in key global decision making bodies and promoting multilateralism.

Shettima said he would recommend Grynspan’s candidature based on factors including Nigeria’s relationship with Latin America and gender inclusion.

“Thank you for seeking Nigeria’s perspective for your candidature for the United Nations Secretary General.

“Nigeria and Costa Rica share a common historical background connecting both countries and their regions.

“We also have a cordial relationship with Latin America, and we do not wish to jeopardise it.

“Beyond our historical ties and relations rest our interest in conflict prevention, multilateralism, and the peace of our nations,” he said.

The vice president also called for reforms to the global governance architecture, saying the system had changed significantly since 1945 but had yet to adequately reflect Africa’s integration and its population of more than 1.3 billion people.

Grynspan, who is Costa Rica’s nominated candidate for the UN secretary general position, sought Nigeria’s support for her candidature. The United Nations lists her among the candidates formally nominated for the position.

She said she was prepared to lead reforms at the UN, particularly those being advocated by countries in the Global South.

“Coming from the Global South, I represent the interest and demands of the region. I also have a soft spot for Africa. I know the continent and its aspirations,” she said.

Grynspan said her candidature would promote an agenda that prioritised peace and pledged to give attention to Africa’s demand for permanent representation on the UN Security Council.

Nigeria, Netherlands deepen financial inclusion cooperation

In a related development, Nigeria and the Netherlands have agreed to deepen collaboration on financial inclusion across different levels of Nigerian society.

The agreement followed a bilateral meeting between Shettima and Queen Máxima of the Netherlands in New York.

Under the arrangement, the Netherlands will leverage its expertise and experience in financial health to support Nigeria’s financial inclusion programmes, particularly those targeting women and vulnerable groups.

Shettima welcomed the offer, saying financial health and inclusion had direct links to education, security and poverty reduction.

He cited the conditional cash transfer initiative and agricultural schemes among government programmes aimed at improving financial inclusion and economic opportunities.

The vice president also said government policies had positioned some of Africa’s major fintech companies to play critical roles in expanding access to financial services.

He defended the economic reforms undertaken by the administration of President Bola Tinubu, saying they were necessary given the state of the economy when the administration assumed office in 2023.

Queen Máxima, who serves as the UN Secretary General’s Special Advocate for Financial Health, acknowledged efforts to improve financial inclusion and pledged Dutch support through expertise in areas including insurance, credit guarantees and data generation.

She said the financial health programme aimed to improve citizens’ resilience, protect their investments and expand access to insurance.

THE ISSUES

Nigeria is linking its support for the next UN secretary general to positions on African representation, multilateralism, conflict prevention and reform of global governance institutions.
Costa Rica’s Rebeca Grynspan has formally been nominated for the UN secretary general position and is seeking support from member states, including Nigeria.
Nigeria and the Netherlands are seeking to expand cooperation on financial health and inclusion, particularly through expertise in insurance, credit guarantees and data generation.

WHAT’S BEING SAID

“Nigeria will also support a candidate who believes in Africa’s aspirations in global affairs, specifically securing positions in key decision-making bodies and promoting multilateralism.” – Vice President Kashim Shettima

“Coming from the Global South, I represent the interest and demands of the region. I also have a soft spot for Africa. I know the continent and its aspirations.” – Rebeca Grynspan, Costa Rican candidate for UN Secretary General

WHAT’S NEXT

Nigeria is expected to continue engaging candidates for the UN secretary general position as member states consider the next occupant of the office. The UN’s formal selection process includes nominated candidates whose vision statements and other candidature documents have been published by the organisation.

On financial inclusion, Nigeria and the Netherlands are expected to develop cooperation around financial health, including insurance, credit guarantees and data generation.

BOTTOM LINE

Nigeria has outlined the principles it says will guide its position on the next UN secretary general, including equity, fairness, multilateralism and stronger African representation in global decision making. Separately, Nigeria and the Netherlands are deepening cooperation on financial inclusion, with Dutch expertise expected to support efforts targeting women and vulnerable groups.

NEDC moves to sustain ISO standards, seek higher certification

Guterres calls for action against racism as Durban declaration turns 25

By

Kehinde Victor

-

September 29, 2026

"255m Full-time Workers Lost Their Jobs In 2020" - UN

KEY POINTS

• UN Secretary General Antonio Guterres says racism continues to deepen inequality and deny people fundamental rights.

• He calls for stronger anti discrimination laws, action against systemic discrimination and investment in inclusive societies.

• African countries seek reparatory justice, historical accountability and measures to address the effects of slavery, colonialism and apartheid.

MAIN STORY

UN Secretary General Antonio Guterres has called for stronger action against racism, warning that discrimination continues to undermine equality and human rights across societies.

Guterres spoke at a high level event marking the 25th anniversary of the Durban Declaration and Programme of Action on the sidelines of the 81st session of the UN General Assembly at the UN headquarters in New York on Monday.

The Durban Declaration and its accompanying Programme of Action provide a framework for states to pursue measures aimed at advancing human rights, equality and inclusion.

The measures outlined include greater investment in health systems, education, housing, electricity, drinking water and environmental protection, alongside efforts to promote equal opportunities in employment.

The programme also advocates access to education and new technologies, protection and inclusion of women and children, and the incorporation of the history and contributions of Africans and people of African descent into education curricula.

Guterres said the need to confront racism and discrimination had become even more pressing 25 years after the adoption of the declaration.

He said racism continued to “poison” societies, widen inequalities and deprive people of their fundamental rights and freedoms.

The UN chief said governments must strengthen and enforce laws against discrimination, while also addressing systemic forms of discrimination and investing in societies that provide equal opportunities.

He also urged businesses to build workplaces where everyone could contribute, while calling on technology companies to tackle bias in artificial intelligence.

Guterres further called for practical measures to advance reparatory justice and urged people to reject injustice in building societies where racism and discrimination have no place.

The African Group at the event said the Durban Declaration and Programme of Action remained a roadmap for advancing equality, inclusion and dignity.

The group said the 25th anniversary should reinforce the commitment reached in Durban and called for renewed political will and sustained international cooperation to translate those commitments into practical outcomes.

It also demanded reparatory justice, historical accountability, cultural restitution and remedial measures to address the continuing effects of enslavement, colonial domination, apartheid and genocides.

According to the group, those historical injustices produced structural inequalities that continue to affect economic development, governance and access to opportunities for Africans and people of African descent.

THE ISSUES

Racism remains linked to unequal access to fundamental rights and opportunities, making anti discrimination measures relevant not only to legal protection but also to access to education, healthcare, housing, employment and technology.
The Durban framework places emphasis on practical investment and institutional action, including stronger laws, effective enforcement and measures to dismantle systemic discrimination.
The African Group’s call for reparatory justice connects present inequalities with the historical effects of enslavement, colonial rule, apartheid and genocides, and seeks measures that include acknowledgement, restitution and cooperation.

WHAT’S BEING SAID

“The antidote to this poison is unity and tangible action.

“Governments must strengthen and effectively implement anti-discrimination and equality laws, and the institutions that enforce them.

“They must also spare no effort to dismantle systemic discrimination, and invest in inclusive and equal societies,” he said. – Antonio Guterres, UN Secretary General

“The twenty-fifth anniversary is a timely reminder that the commitment and consensus reached in Durban must be preserved.” – African Group

“Reparatory justice, historical accountability, cultural restitution and remedial measures.” – African Group

WHAT’S NEXT

The calls from the UN chief and African Group centre on stronger implementation of anti discrimination measures, renewed international cooperation and concrete reparatory measures.

The African Group also identified historical acknowledgement and apologies, guarantees of non repetition, equal economic partnerships and educational and scientific cooperation among the measures that could form part of reparatory efforts.

BOTTOM LINE

Twenty five years after the Durban Declaration, Guterres says combating racism requires more than commitments, with governments, businesses and technology companies expected to take concrete action. The African Group is also pushing for reparatory and remedial measures to address the continuing effects of historical injustices.

UN experts warn of abuses in US third country migrant transfers

UN experts warn of abuses in US third country migrant transfers

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• Independent UN human rights experts say US transfers of migrants and asylum seekers to third countries expose them to serious human rights risks.

• At least 23,000 people have reportedly been transferred to 29 countries and territories, with arrangements now covering 35.

• The experts say vulnerable groups face heightened risks, while President Donald Trump has defended the US border policy.

MAIN STORY

Independent United Nations human rights experts have raised concerns over the United States’ policy of transferring migrants and asylum seekers to third countries, warning that the arrangements could expose them to torture, persecution and enforced disappearance.

The experts said at least 23,000 people had already been sent to 29 countries and territories, while agreements had expanded to cover 35 countries.

According to them, the scale of the transfers means the potential human rights consequences are no longer theoretical, particularly for people moved to countries where they have no existing ties.

The experts said some of the receiving countries were themselves dealing with conflict, displacement and poverty, limiting their ability to provide adequate protection for newly arrived migrants.

They identified children, women, people with disabilities, trafficking victims and LGBT people among those facing particularly serious risks.

“The harms caused by this U.S. Government scheme are no longer hypothetical,” the experts said.

“The arrangements are triggering a cascade of human rights violations,” they stressed.

The experts also questioned whether migrants could genuinely be considered to have chosen to return to their countries when they were being held in detention, lacked money and had no access to legal advice.

They said governments could not avoid their international human rights responsibilities by transferring migrants to other countries.

“States cannot contract out of their international legal obligations,” they said, calling on governments involved in the arrangements to halt them immediately.

“Human rights must be at the centre of migration governance, not sacrificed in the pursuit of deterrence.”

The independent experts are appointed by the UN Human Rights Council and serve in an independent capacity without receiving salaries for their work.

The criticism comes against the backdrop of the Trump administration’s tougher approach to border control.

US President Donald Trump, addressing world leaders at the General Debate of the 81st UN General Assembly on September 23, said the United States now had the most secure border in its history.

Trump said the border had previously been among the world’s most dangerous, but that his administration had significantly changed the situation.

“Two years ago, our country was dead, and now we have the hottest country anywhere in the world.

“‌‍⁠‌‍⁠⁠‌⁠‍‍‌‌‍⁠‍‌Nobody comes in unless they’re invited. Unless they have permission.

“In the past 16 months, zero illegal aliens have been admitted to the United States.

“And that’s done by some very sophisticated people. It’s not done by the Trump administration,’’ he said.

THE ISSUES

The UN experts’ concerns centre on whether migrants transferred to third countries can access adequate protection and legal safeguards, particularly when they are sent to countries with conflict, poverty or displacement challenges.
Vulnerable migrants face additional risks under the arrangements, with the experts specifically identifying children, women, people with disabilities, trafficking victims and LGBT people.
The dispute also highlights competing approaches to migration policy. The UN experts are focused on human rights obligations and protection, while Trump has presented tighter border control as a major achievement of his administration.

WHAT’S BEING SAID

“The harms caused by this U.S. Government scheme are no longer hypothetical.” – Independent UN human rights experts

“States cannot contract out of their international legal obligations.” – Independent UN human rights experts

“Human rights must be at the centre of migration governance, not sacrificed in the pursuit of deterrence.” – Independent UN human rights experts

WHAT’S NEXT

The UN experts called on all governments involved in the third country arrangements to halt them immediately and ensure that human rights protections remain central to migration governance.

BOTTOM LINE

UN human rights experts say third country transfers are exposing migrants and asylum seekers to serious risks and inadequate safeguards. Trump, meanwhile, has defended his administration’s border policy as producing unprecedented levels of border security.

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NEDC moves to sustain ISO standards, seek higher certification

By

Kehinde Victor

-

September 29, 2026

KEY POINTS

• NEDC says it will review its processes to sustain its ISO certification and improve operational standards.

• The commission is considering higher certifications as part of efforts to strengthen its systems and delivery.

• Management staff at the retreat are reviewing projects and processes against the commission’s master plan and sustainability goals.

MAIN STORY

The North East Development Commission says it is reviewing its operations to sustain its ISO certification and strengthen the quality of its projects and programmes across the region.

The Director General of NEDC, Malam Mohammed Alkali, disclosed this at the ISO 2026 Executive Retreat held on Monday in Abuja.

Alkali said the commission, which had been operating for more than seven years, had reached a stage where its processes needed continuous review to maintain existing standards and improve its performance.

He said the retreat brought senior management staff together to assess the commission’s operations, develop workable ideas and examine the possibility of securing higher ISO certifications.

“Sometimes when you work like that, you need to rebuild. Anything that is not rebuilt will not get done.

“So, we are here with our management staff for them to check and see what we are doing and come up with ideas on how we are going to move forward.

“This is because we are now a mature commission.

“ISO gave us the signature that we are doing well, meaning we have done something right and we are satisfied.

“By implication, we have to now keep that standard and improve on it. And that is what we want to do going forward,” he said.

The NEDC Director General urged participants to use the retreat to examine existing practices and develop ideas that could improve the commission’s operations and project delivery.

Acting Head of Governance and Compliance Service Reform Unit, Ms Fatima Dalhatu, said the commission needed to make ISO standards part of its everyday operations rather than treating certification as an isolated achievement.

She said quality, accountability, integrity, safety and sustainability should become embedded in how the commission carries out its responsibilities.

“ISO is not something new to all of us, but I think we just need to be intentional and understand that the things we are doing are actually part of ISO, so that we can be able to improve in our delivery.

“And that is important because ISO is not separate from something you do. It is actually part of what we do at the commission.

“The certification was just a milestone for NEDC, but the destination is a culture where quality, accountability, integrity, safety and sustainability become simply how we do things,” Dalhatu said.

Ms Kadija Mongonu of the Strategic Communication Unit described the retreat as timely, noting that the commission had secured five internationally recognised ISO certifications.

She said sustaining the certifications was important as NEDC moved from transition and expansion towards sustainable development under its master plan.

“The NEDC has achieved a great feat; five ISO certifications are globally recognised, and this is something that we are proud of and hopefully trying to ensure that we sustain.

“This is a gradual shift based on our master plan, from the shift between transition and expansion, so now it is up to sustainable development.

“This will lead us to ensure that all our projects, programmes and schemes are sustainably developed,” she said.

Mr Ali Usman, Head of Special Projects, Operations Directorate, said the retreat was also necessary to ensure that projects, programmes and schemes under the commission’s master plan were implemented effectively.

He said the master plan contained 11 pillars and four overlapping phases, with its projects and programmes designed for communities across the North East.

“This is because we have a master plan that we are speaking to. That is like 11 pillars and then four overlapping phases.

“And all the projects, programmes and schemes in the master plan are for the people of the North-East. We are here as a commission because of them.

“So, we need to make sure all our projects, programmes and schemes are being delivered qualitatively, and then we equally need to take cognisance of the environment because of climate change issues,” Usman said.

Participants at the retreat were drawn from the six states of the North East geopolitical zone.

THE ISSUES

Sustaining ISO certification requires NEDC to continually review its processes rather than treat certification as a one time achievement. The commission says the retreat is part of that review.
NEDC is seeking to embed quality, accountability, integrity, safety and sustainability into its regular operations, with management describing this as the longer term objective beyond certification.
The review is also linked to the commission’s master plan, which contains 11 pillars and four overlapping phases covering its projects, programmes and schemes across the North East.

WHAT’S BEING SAID

“By implication, we have to now keep that standard and improve on it. And that is what we want to do going forward,” – Malam Mohammed Alkali, Director General, NEDC

“The certification was just a milestone for NEDC, but the destination is a culture where quality, accountability, integrity, safety and sustainability become simply how we do things,” – Fatima Dalhatu, Acting Head, Governance and Compliance Service Reform Unit, NEDC

“So, we need to make sure all our projects, programmes and schemes are being delivered qualitatively, and then we equally need to take cognisance of the environment because of climate change issues,” – Ali Usman, Head of Special Projects, Operations Directorate, NEDC

WHAT’S NEXT

NEDC said it would work to sustain its existing ISO standards, improve its processes and explore higher certifications while aligning its project delivery with its master plan and sustainable development objectives.

BOTTOM LINE

NEDC is treating its ISO certification as a continuing operational standard rather than an endpoint. The commission says it wants quality, accountability and sustainability to become embedded in the delivery of its projects and programmes.

The Latest Arcades Gaming Trends and i Fishing Game at 1xBet in India

The Latest Arcades Gaming Trends and i Fishing Game at 1xBet in India

By

Boluwatife Oshadiya

-

September 29, 2026

Gaming culture in India continues to grow thanks to low cost Internet plans, more smartphone usage, and the localization of banking services.

While playing classic poker games and slots remains a huge hit, the Indian crowd is gradually getting attracted to games that are more hands-on and involve active play. One of the standout titles that have captured imaginations around the globe, which are now available digitally on a site like 1xBet, is the i fishing game.

This interactive game really speaks to people who enjoy making decisions on the fly such as when to take the shot, how to maneuver the boat, or simply what to target in the sea. If you are looking for that real fun where each time is different, you just cannot beat i fishing!

There is a reason why people who like to get their hands dirty and have fun with mobile games will enjoy arcade shooting games, so making sure that you do everything right is the key to getting a full enjoyment out of the game.

If you have information not only on how the functions work but also details on the kinds of things that may go wrong, you will probably benefit the most from playing.

Making Your Way to the Arcade Through 1xBet India

There has been an interesting new addition to 1xBet that the players of their sports and casinos are now allowed to access along with their regular offerings.

Unlike standard card games or slots that are entirely dependent on the luck of one click of a machine, here is one that completely involves the user in the action. You become literally the active element through which the activity is carried out.

Real Aim Control Feature: You need not be satisfied with a single click or even the pressing of the spin button at random since the entire cannon operation is virtual and you have control of the direction and timing of the shots.
Visual and Audio Impact: After firing at every enemy you get a clear shot that both of the target will visually be harmed and that the user will also hear a sound effect so that you keep having exciting game with you even while playing it.
Marine Sceneries: The game is really good visually as all the fish, sea animals, explosions and water effects are 3D high definition to give great visuals even when playing alone for a long time.

Features of the Game and Its Core Mechanics

Through its various games, 1xbet presents to the player arcade shooting game in a user-friendly format with simple interface, which has well-established multiplier schemes.

Bullets Reflect Your Cash

The more you bet, the higher is the damage done to the target of marine arcade. Unfortunately, such power comes at a price as the round cost increases with the bet size.

Difficulty of the Objects for Fishing

Getting the right catch really depends on the size of the fish one can be allowed to get in a capture game since each has a specific size and value so it is a fisherman’s job to be very careful about not taking the wrong one.

Giant Fish Groups The easiest targets are often the small fish that can give you multipliers like 2x to 10x, thereby, if your balance is low, you can still play quite a bit until your balance gets down.
Stunning Predatory Species These are the moderately hard ones that provide 12x to 50x multipliers.
Fighting the Sea Boss Such large creatures will attract players through big multipliers but one will require several of the players to team up to defeat such creatures for them to get the rewards.

Special Random Events That Add More Thrill to the Game

One of the interesting innovations that modern fishing software on 1xBet brings to players is the possibility of in-game events activation. The power-ups range from a wide-depth bomb for killing a big fish to the burning of targets by a laser gun or the use of ice waves to temporarily halt the movement of the target or get rid of the obstacle.

Demo of Localization Payments and Mobile Access

A major factor for Indian players apart from the availability of the 1xBet mobile app would be the seamless integration on the platform of their familiar, localized financial systems.

UPI
Banks transfer of money through local popular applications as PhonePe, Paytm and Google Pay.
NetBanking Integration.
Secure transfers to your account with Indian major public and private banks.
Optimized Quick Mobile Response.
You finger tapping instantly leads to firing from your cannon through special server networks, without losing precision on your portable device.
Security protocols.
Absolutely Safe and Secured data transmission through Strong SSL/TLS technology which is also protecting you from data theft and unauthorized financial activity.

How to Play Sensibly

Finding your limits is the main thing for the gaming activity to become healthy, exciting and a pleasant thing with no pressure.

Give yourself a Budget.
Decide the amount of money, if you have free money, to be allocated before starting the session to be spending only on the game, and don’t exceed the decided limit.
Dodge of Rapid Fire Auto. When unregulated, autonomic firing makes balance decrease fast on the small targets. Controlled and deliberate individual shots are more resource-saving.
Test out Game_modes_ that are Free. Practice handling the cannon, studying the paytable. and figuring out how the targets move in the free versions of the game before playing with real money in your account.
Set Playing_times. Create such playing rules of short breaks to rest your eyes, avoid eye strain and maintain your daily relaxing activity under control.

The Indian player who uses the verified site like 1xBet, acquires knowledge, and maintains discipline over his/her betting funds can safely spend a happy time playing the very exciting, interactive, genre of online sea arcades.

7 AI tools that will save you 10 Hours a week; no tech skills needed

Dangote Petroleum Refinery IPO Opens for Subscription

By

Kehinde Victor

-

September 28, 2026

The Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) is now open. The offer is expected to run from Monday, 14 September to Tuesday,13 October 2026, giving eligible investors an opportunity to acquire shares in the company.

The offer comprises 4.1 billion ordinary shares at ₦525 per share with a minimum purchase of 10 units. The shares are expected to be listed on the Nigerian Exchange Limited following completion of the IPO.

Stanbic IBTC is acting as Joint Lead Issuing House, Joint Stockbroker and Receiving Bank to the offer.

Key offer terms

Issuer: Dangote Petroleum Refinery & Petrochemicals FZE
Offer size: 4,100,000,000 ordinary shares
Offer price: ₦525 per share
Minimum subscription: 10 shares and multiples of 10 thereafter
Payment: Full payment on application
Use of proceeds: Growth capital expenditure for the refinery expansion programme
Offer period: 14 September to 13 October 2026

How to subscribe

Existing Stanbic IBTC Bank customers: Subscribe through the Stanbic IBTC Mobile App, Internet Banking or the Stanbic IBTC e-Subscription Portal.
Other individual investors: Subscribe through the Stanbic IBTC e-Subscription Portal.
Corporate investors: Subscribe through the Stanbic IBTC e-Subscription Portal.
Applications for 50,000 shares or more: Investors may use the Investor Application Form. For payment instructions for this, please contact your relevant Stanbic IBTC representative, Relationship Manager, Wealth Adviser or Stockbroker.

All applications must be accompanied by full payment. Investors should have the required identification and account information, including their NIN and BVN where applicable.

Additional offer information

The ordinary shares offered have been assessed as Shari’ah-compliant based on an independent Shari’ah assessment and the applicable screening criteria. Eligible retail investors may also receive up to two additional shares at no extra cost if they maintain the prescribed minimum shareholding for the applicable periods stated in the Prospectus, subject to the required approvals.

To participate, visit the Stanbic IBTC e-Subscription Portal.

Important information for investors

Before applying, read the FAQs, Prospectus and the Abridged Particulars of the Prospectus below. These documents contain the full offer terms, risk factors, application procedures and other material information.

Please read the offer documents carefully before making an investment decision. If you are unsure about any aspect of the offer, consult your stockbroker, banker, accountant, solicitor or another professional adviser. The Issuer and the Issuing Houses may reject applications received after the closing date or applications that do not meet the procedures and requirements in the Prospectus.

For more information, visit:

Terms and conditions apply. Please read the offer documents carefully before making any investment decision.

Contact information

Website: www.stanbicibtcstockbrokers.com

Email: stockbroking@stanbicibtc.com

Phone: 0201 422 0004

Niger Basin Authority seeks stronger regional cooperation, investment

By

Kehinde Victor

-

September 28, 2026

KEY POINTS

• The Niger Basin Authority calls for stronger regional cooperation and strategic investment to promote peace, stability and shared prosperity across the Niger and Lake Chad basins.

• The NBA and Lake Chad Basin Commission say infrastructure, agriculture, climate resilience and natural resource management require coordinated action across member states.

• Nigeria and development partners reaffirm support for regional water cooperation, with stakeholders urging concrete action on water security, ecosystem restoration and human development.

MAIN STORY

The Niger Basin Authority (NBA) has called for stronger regional cooperation and strategic investments to promote peace, stability and shared prosperity across the Niger and Lake Chad basins.

Mr Kocou Houanye, Executive Secretary, NBA, made the call on Monday at the opening of a regional conference on hydrodiplomacy, gender and strategic investments in Abuja.

Houanye said the conference provided an opportunity for countries and institutions within the two transboundary basins to strengthen dialogue, address shared challenges and promote sustainable development.

He said the three day conference, jointly organised by the NBA and Lake Chad Basin Commission (LCBC), provided a neutral platform for dialogue and negotiations on conflicts linked to natural resources and environmental challenges.

According to him, the Niger and Lake Chad basins face ecological, socio economic and security challenges, with large populations depending on their natural resources for livelihoods.

He said the challenges required stronger collaboration among member states and development partners to improve resilience and expand access to development opportunities.

Houanye called for accelerated implementation of strategic investments, particularly in infrastructure and agriculture, describing them as important drivers of peace, stability and shared prosperity.

He expressed hope that the conference would produce practical recommendations to strengthen synergy among stakeholders and the role of the two basin organisations as platforms for regional dialogue.

The NBA executive secretary said the conference would be followed by a session of the NBA regional steering committee to review previous operations and consider a work plan and budget for the next phase of its programmes.

He said participants would also review activities of dam agencies operating within the Niger Basin and adopt recommendations to improve implementation of ongoing programmes.

Houanye said implementation of the Programme for Development and Adaptation to Climate Change in the Niger Basin had improved, with physical implementation rising from 37 per cent to 48.3 per cent and financial implementation from 17 per cent to 57 per cent.

He added that the programme’s commitment rate had also risen from 49 per cent to 92 per cent.

He commended the Nigerian Government for its political, technical and financial support to the NBA, saying implementation of the programme in Nigeria had recorded significant progress.

Houanye said discussions were underway with development partners on the next phase of the programme, with efforts to expand its coverage to more member countries.

He said sustained political commitment and development partner support would be necessary to consolidate the gains and mobilise further strategic investments across the basin.

Mrs Hanna Albrecht, German Cooperation representative, also called for stronger regional cooperation and coordinated responses to challenges affecting the Niger and Lake Chad basins.

Albrecht said climate change, pressure on natural resources, insecurity and threats to livelihoods were interconnected challenges whose effects transcended national borders.

She said responses should be based on the realities and needs of affected communities, adding that women and young people should be central to efforts to create sustainable economic opportunities.

Ambassador Ibrahim Babani, Executive Secretary, LCBC, said the commission was strengthening member states’ capacity to assess water use and demand through tools for mapping cropland, determining crop water requirements and identifying areas with water deficits and surpluses.

Babani said the tools would also help assess groundwater storage suitability and would be incorporated into an interactive dashboard at the commission’s headquarters in N’Djamena.

He said the conference was a call to action to protect water resources and build resilient societies, stressing the importance of women and young people as decision makers, peace mediators, innovators and partners in water diplomacy.

The Minister of Water Resources and Sanitation, Prof. Joseph Utsev, said Nigeria remained committed to strengthening cooperation between the NBA and LCBC as part of efforts to advance water security, climate resilience and sustainable development.

Utsev said the conference aligned with African Union and ECOWAS frameworks on equity, inclusion, peace, stability, climate adaptation and sustainable development.

He said cooperation among governments, financial institutions, development partners, civil society, communities and the private sector was critical to addressing the region’s interconnected water, environmental and socio economic challenges.

The minister said Nigeria would continue working with the NBA, LCBC, ECOWAS and other stakeholders to promote a practical, inclusive and investment oriented water agenda.

He urged participants to translate discussions into concrete actions, particularly in water supply and sanitation, ecosystem restoration, climate resilience, infrastructure and human development.

THE ISSUES

The Niger and Lake Chad basins face interconnected environmental, climate, security and socio economic challenges that require cooperation beyond national borders.
Regional authorities are seeking greater strategic investment in infrastructure, agriculture, climate adaptation and water management to strengthen resilience and support livelihoods.
The NBA and LCBC are positioning transboundary cooperation as a mechanism for managing shared natural resources, strengthening peace and mobilising investment across member states.

WHAT’S BEING SAID

“Accelerated implementation of strategic investments, particularly in infrastructure and agriculture,” – Mr Kocou Houanye, Executive Secretary, Niger Basin Authority

“Climate change, pressure on natural resources, insecurity and threats to livelihoods were interconnected challenges whose effects transcended national borders.” – Mrs Hanna Albrecht, German Cooperation representative

“The conference was a call to action to protect water resources and build resilient societies.” – Ambassador Ibrahim Babani, Executive Secretary, Lake Chad Basin Commission

WHAT’S NEXT

The NBA regional steering committee is expected to review previous operations and consider a work plan and budget for the next phase of its programmes. Discussions with development partners will also continue on expanding the climate adaptation programme to more member countries.

The LCBC is also expected to incorporate new water assessment tools into an interactive dashboard, while stakeholders will work toward implementing the outcomes of the conference and strengthening preparations ahead of the 2026 UN Water Conference.

BOTTOM LINE

The Niger Basin Authority and Lake Chad Basin Commission are seeking stronger regional cooperation and strategic investment to address shared water, environmental, security and livelihood challenges. Stakeholders are placing particular emphasis on infrastructure, agriculture, climate resilience, water management and coordinated action across member states.

Petrol pump prices fall by up to N25 in Abuja

Evanna Empowerment Initiative equips bakers in Lagos with essential baking supplies

By

Emmanuel Ogbonnaya

-

September 28, 2026

1000980470 — Grace Ilesanmi, Founder, Evanna Empowerment Initiative, and Board Member, Mrs Osuji, with beneficiaries of the bakers initiative.

Evanna Empowerment Initiative (EEI) has concluded a two-day drive held across cities in Nigeria including Lagos, Owerri, Abuja, and Abeokuta from 25 to 26 September 2026, providing bakers with essential baking materials to support their craft.

The over one hundred bakers who took part received margarine, cake icing, sugar, and a range of other baking supplies, provided over the two-day drive.

The drive forms part of EEI’s continued work training and supporting bakers and small enterprise owners across Lagos. For EEI, it is a direct extension of the mission of putting real materials into the hands of bakers already doing the work, not a one-off gesture.

Grace Ilesanmi, Founder and Executive Director of Evanna Empowerment Initiative, described the drive as a direct extension of her own path into baking, and a practical investment in the futures of the bakers who took part.

Commenting on the initiative, she said, “Baking is what brought me here, but teaching others to bake is what keeps me here. When we put real materials directly into a baker’s hands, we’re investing in a skill they’ll carry for the rest of their working life.”

EEI’s baking and confectionery classes run free of charge each year from February to October, open to anyone aged fifteen and older. In October, EEI will welcome its next cohort of students for hands-on training in bread, pastries, small chops, and other baking skills.

Grace Ilesanmi will also host Ogba Bakers Connect, a meet-and-greet bringing together bakers from across Lagos with established names in the industry to share practical insights from their own kitchens.

Evanna Empowerment Initiative (EEI) has concluded a two-day drive held across cities in Nigeria including Lagos, Owerri, Abuja, and Abeokuta from 25 to 26 September 2026, providing bakers with essential baking materials to support their craft.

The over one hundred bakers who took part received margarine, cake icing, sugar, and a range of other baking supplies, provided over the two-day drive.

The drive forms part of EEI’s continued work training and supporting bakers and small enterprise owners across Lagos. For EEI, it is a direct extension of the mission of putting real materials into the hands of bakers already doing the work, not a one-off gesture.

Grace Ilesanmi, Founder and Executive Director of Evanna Empowerment Initiative, described the drive as a direct extension of her own path into baking, and a practical investment in the futures of the bakers who took part.

Commenting on the initiative, she said, “Baking is what brought me here, but teaching others to bake is what keeps me here. When we put real materials directly into a baker’s hands, we’re investing in a skill they’ll carry for the rest of their working life.”

EEI’s baking and confectionery classes run free of charge each year from February to October, open to anyone aged fifteen and older. In October, EEI will welcome its next cohort of students for hands-on training in bread, pastries, small chops, and other baking skills.

Grace Ilesanmi will also host Ogba Bakers Connect, a meet-and-greet bringing together bakers from across Lagos with established names in the industry to share practical insights from their own kitchens.