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Bayelsa’s Tamunosoye Karibi-George crowned Miss World Nigeria 2026

By
Kehinde Victor
-

Key points

  • Tamunosoye Karibi-George, representing Bayelsa State, won the Miss World Nigeria 2026 pageant over the weekend in Lagos.
  • The 26-year-old winner defeated 20 other finalists during the national grand finale themed “Pride, Power, and Purpose”.
  • She will represent Nigeria at the upcoming 73rd Miss World Festival in Ho Chi Minh City, Vietnam, from August 9 to September 5.
  • Karibi-George succeeds Joy Raimi, the 2025 queen who achieved a Top 20 global finish and a Top 5 African placement in India.
  • The newly crowned queen champions “Beyond Labels,” a specialized advocacy initiative focusing on children with special needs.

Main Story

Tamunosoye Karibi-George has emerged as the winner of the Miss World Nigeria 2026 pageant after competing against a field of 20 other national finalists.

Representing Bayelsa State, the 26-year-old contestant from Port Harcourt, Rivers State, secured the title during the grand finale events held over the weekend in Lagos. The cultural competition was organized under the theme of “Pride, Power, and Purpose” and evaluated contestants through successive phases that included competitive interview sessions, a talent showcase, and evening wear presentations.

Following her victory at the national level, Karibi-George is scheduled to represent Nigeria internationally at the 73rd Miss World Festival, which will take place in Ho Chi Minh City, Vietnam, running from August 9 through September 5. She takes over the title from her predecessor, Joy Raimi, Miss World Nigeria 2025, who represented the country at the 72nd international edition in Hyderabad, India, where she finished in the global Top 20 and ranked among the Top 5 contestants from the African continent.

The outcome of the pageant drew high-profile commendations from the leadership of the organizing franchise, the Silverbird Group. Company founder and former lawmaker Senator Ben Murray-Bruce publicly celebrated the development, drawing attention to the winner’s intellect, poise, and existing humanitarian commitments. Outside of runway pageantry, the newly selected queen operates a dedicated charitable campaign that focuses on creating safe, inclusive spaces and providing empowerment platforms to support children living with special needs.

The Issues

  • Projecting Nigeria’s cultural representation and competitive presence at global entertainment festivals.
  • Utilizing national pageantry platforms to scale funding and public visibility for vulnerable children with special needs.
  • Maintaining the high international performance benchmarks established by previous continental titleholders.

What’s Being Said

  • Celebrating the official declaration of the new titleholder, Silverbird Group founder Sen. Ben Murray-Bruce posted on X: “WE HAVE A QUEEN! A new chapter begins. Please join us in celebrating TAMUNOSOYE KARIBI-GEORGE, representing Bayelsa State, as the newly crowned Miss World Nigeria 2026!”
  • Highlighting the specific societal impact of her charitable foundation, Murray-Bruce noted: “More than a queen, Tamunosoye is a passionate advocate for change. Through her initiative, Beyond Labels, she champions inclusion, dignity, and empowerment for children with special needs.”
  • Outlining the vision behind her humanitarian work, Murray-Bruce described the objective as: “Creating safe spaces where every child is encouraged to dream boldly and realise that their circumstances do not define their future”.
  • Commending her performance at the Lagos finale, Murray-Bruce stated: “Her purpose, poise, intelligence, and passion shone brightly, earning her the honour of wearing the crown and carrying the hopes of a nation”.
  • Expressing national solidarity ahead of her upcoming trip to Vietnam, Murray-Bruce added: “Now, the journey continues. Nigeria stands proudly behind you as you prepare to represent our great nation on the global stage at the Miss World Festival in Vietnam”.

What’s Next

  • The newly crowned queen will begin formal logistical and performance preparations for her global presentation in Vietnam.
  • The Silverbird Group will coordinate travel frameworks and international media schedules ahead of the August 9 festival opening.
  • Karibi-George will look to leverage her elevated profile to expand the reach of her “Beyond Labels” advocacy program.

Bottom Line

Port Harcourt-born Tamunosoye Karibi-George, representing Bayelsa State, has won the Miss World Nigeria 2026 crown, earning the right to represent the country at the global finals in Vietnam this August while continuing her advocacy work for children with special needs.

Lagos readies for major economic summit to draw global capital

Women-led coalition demands urgent electoral reforms ahead of 2027 polls

By
Kehinde Victor
-
Full 2023 Presidential Election Results

Key points

  • A coalition of women-led civil society groups is demanding immediate electoral reforms following a post-primary audit that exposed a severe gender gap.
  • An institutional review of 22 political parties showed that only three recorded female aspirant participation above 20 percent.
  • Current trajectories indicate women might occupy a mere 2.7 percent of Senate seats following the 2027 general elections.
  • Advocacy leaders are pushing for the passage of the Special Seats Bill as a necessary legal framework to rectify systemic imbalances.
  • The coalition issued a seven-point charter of demands, including the adoption of mandatory female deputy governorship candidates.

Main Story

A network of women-led civil society organizations has issued a joint demand for immediate structural electoral reforms ahead of the 2027 general elections.

The call follows a detailed post-primary audit that revealed widespread gender disparities and exclusionary practices across 22 operational political parties. In a joint statement released on Sunday in Abuja, groups including the Voice of Women Empowerment Foundation, the Women in Politics Forum, the EneObi Centre for Development, and Gender Strategy Advancement International urged legislative and policy adjustments to reverse the underrepresentation of women.

The data-driven audit highlighted major systemic hurdles faced by female aspirants, such as arbitrary candidate substitutions, unvetted consensus agreements, and pressure to step down from races. The review showed that only the Peoples Democratic Party, the Young Progressives Party, and the Youth Party managed to cross a 20 percent threshold for female aspirant participation, while other major parties fell significantly behind. Given that only three female candidates secured senatorial tickets across all monitored parties, advocates warned that female representation in the upper legislative chamber could drop drastically in the upcoming political cycle without immediate intervention.

To address these barriers, the coalition is urging the executive and legislative arms of government to codify gender equity into law. Civil society leaders emphasized that the lack of representation is a political hurdle rather than a shortage of qualified female leaders. Beyond legislative adjustments, the organizations are demanding that the Independent National Electoral Commission introduce stricter oversight mechanisms and publish transparent gender-disaggregated primary reports. They also called on internal party machineries to enforce internal democratic rules and hold actors accountable for intimidation against female contenders.

The Issues

  • Overcoming deeply entrenched institutional barriers and arbitrary backdoor candidate adjustments within internal political party frameworks.
  • Enacting legal pathways like the Special Seats Bill to systematically guarantee gender balance rather than relying solely on rhetorical advocacy.
  • Introducing transparent, data-driven tracking mechanisms through the electoral umpire to monitor gender diversity metrics in real-time.

What’s Being Said

  • Explaining how unfair internal nomination dynamics systematically disadvantage female candidates, Ms. Bukky Shonibare, the Executive Director of Invictus Africa, noted: “the review exposed persistent structural barriers against women, including forced withdrawals, opaque “consensus” arrangements and last-minute candidate substitutions.”
  • Outlining the institutionalized nature of political bias within party leadership, Mrs. Toun Sonaiya, Co-founder and Executive Director of VOWEF, warned that: “gatekeeping has become institutionalised”

What’s Next

  • The coalition will maintain its tracking of the 2027 electoral pipeline to document exclusionary actions and demand accountability from political parties.
  • Advocacy teams will focus on lobbying President Bola Tinubu and the National Assembly to back the passage of the Special Seats Bill.
  • Civil society groups will pressure political parties to adopt internal rules requiring the selection of female deputy governorship candidates.

Bottom Line

A coalition of prominent Nigerian women’s groups has demanded urgent electoral interventions ahead of the 2027 elections, using a post-primary audit to show that structural exclusion could leave women with just 2.7 percent of Senate seats unless the Special Seats Bill is passed.

First Holdco Loses 17% Market Value in Three Days

Lagos readies for major economic summit to draw global capital

By
Kehinde Victor
-

Key points

  • Lagos State is hosting its third annual investment summit to link international financiers with local commercial projects.
  • The two-day economic forum is organized under the supervision of the Ministry of Commerce, Cooperatives, Trade and Investment.
  • High-profile speakers include Governor Babajide Sanwo-Olu, tax expert Taiwo Oyedele, and financial sector executives.
  • The summit covers policy dialogues on technology, infrastructure, transport networks, energy transition, and creative arts.
  • Delegations will visit primary industrial centers, including the Lagos Free Zone and the Dangote Petroleum Refinery, to evaluate local manufacturing capacities.

Main Story

The Lagos State Government has final preparations underway for the third edition of its investment summit, an initiative designed to establish direct connections between international financiers and emerging economic opportunities across the country.

According to an official statement released by the Head of the Media Subcommittee for the forum, Mr. Gbenga Omotosho, the upcoming two-day event aims to serve as a practical matchmaking platform that translates high-level corporate dialogues into real investment inflows.

The specialized forum is coordinated by the Ministry of Commerce, Cooperatives, Trade and Investment to firmly position the state as a dominant trade hub on the African continent. Organizers plan to highlight existing state-backed interventions in critical public assets, including urban transport networks, technology hubs, sustainable energy infrastructure, and regional tourism programs. The event structure aims to showcase the city’s readiness for large-scale corporate integration and job creation.

A prominent lineup of policy makers and industry leaders is scheduled to address the delegates. Key speeches will be delivered by Governor Babajide Sanwo-Olu alongside the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele. Additionally, financial insights will be shared by Lagos Finance and Investment Council Co-Chair, Mr. Aig-Imoukhuede, and Moniepoint Group Chief Executive Officer, Mr. Tosin Eniolorunda. To provide visual confirmation of the region’s operational capacity, the summit will culminate in organized industrial tours of large-scale projects, including the Lagos Free Zone, the Lagos Port, and the Dangote Petroleum Refinery.

The Issues

  • Translating promotional summit attendance into long-term foreign direct investment for state infrastructure.
  • Coordinating development strategies across various sectors like energy, technology, and manufacturing.
  • Demonstrating the operational readiness of major industrial zones to international investors through physical site tours.

What’s Being Said

  • Expressing the core objective of the state’s promotional strategy, the Commissioner for Information and Strategy, Mr. Gbenga Omotosho, stated: “Invest Lagos 3.0 is more than a conference; it is a strategic platform designed to connect investors with opportunities, facilitate meaningful partnerships and showcase Lagos as Africa’s most attractive investment destination.”
  • Highlighting the collaborative nature of the public-private partnership, Omotosho added: “Through this summit, we are bringing together government leaders, global investors, development institutions and business executives to explore opportunities that will unlock growth, create jobs and accelerate economic development across Lagos and Nigeria,”

What’s Next

  • State administrators, international business executives, and regional trade groups will convene to open the economic summit.
  • Panelists will begin technical breakout sessions focused on urban development, creative talent ecosystems, and sustainable energy investments.
  • International trade delegations will participate in physical inspections of the RusselSmith advanced manufacturing facility and the new Lagos Port infrastructure.

Bottom Line

Lagos State is launching its Invest Lagos 3.0 summit to secure international capital, utilizing public policy addresses from Governor Sanwo-Olu and financial executives alongside physical inspections of the Dangote Refinery to demonstrate regional market readiness.

Nigerian Equities Market Extends Sell-Off, Investors Lose ₦2.28 Trillion

AIICO Insurance emerges as top performer at 2026 Nairametrics Awards

By
Kehinde Victor
-

Key points

  • AIICO Insurance Plc was named Insurance Company of the Year 2026 at the Nairametrics Capital Market Awards held on Friday in Lagos.
  • The company, which has operated for over six decades, stated that the award reflects its commitment to growth, innovation, and client satisfaction.
  • Marketing and Communications Head Segun Olalandu cited the company’s December 2025 brand refresh as a pivotal milestone in capturing younger demographics.
  • Nairametrics selected the winners using a weighted evaluation framework tracking profitability, premium growth, claims efficiency, and shareholder value.
  • The recognition comes amid a highly competitive domestic insurance sector shaped by changing consumer habits and stricter regulatory demands.

Main Story

AIICO Insurance Plc has stated that its emergence as the top performer at the 2026 Nairametrics Capital Market Awards validates its position as a dominant force in Nigeria’s insurance sector.

The firm, which boasts more than six decades of market operations, received the premier “Insurance Company of the Year 2026” title during the industry gala held on Friday in Lagos. In an official corporate statement distributed on Sunday, management characterized the win as an indicator of their persistent drive toward customer satisfaction and business growth.

According to corporate spokespersons, the underwriting firm has managed to preserve its industry relevance by dynamically shifting its operating model to withstand volatile economic trends while continuously maximizing stakeholder returns. A central driver of this modern commercial transition was the introduction of a refreshed corporate brand identity in December 2025. This structural modernization campaign successfully boosted the company’s visibility across digital and legacy media networks, allowing the established insurer to broaden its market share by appealing to younger consumer groups without alienating its traditional client base.

The award organizers, Nairametrics, explained that the selection process relied on a stringent, data-driven framework designed to assess core financial and operational indices objectively. The evaluation specifically weighed key metrics such as profit-after-tax margins, gross premium growth trajectories, return on average equity, expansion of market footprints, and overall claims processing efficiency. Industry analysts noted that AIICO’s high scoring across these rigorous baseline parameters demonstrates its capability to maintain strict operational efficiency and resilient corporate management despite facing a highly competitive regulatory environment.

The Issues

  • Adjusting legacy underwriting business models to remain highly agile amid evolving regulatory compliance standards in Nigeria.
  • Balancing aggressive market expansion and modern digital rebranding with strict day-to-day operational efficiency.
  • Designing specialized insurance products that effectively capture and retain younger, tech-savvy customer demographics.

What’s Being Said

  • Discussing the core strategic motivation behind updating the insurer’s long-standing public image, the Head of Marketing and Communications, Mr. Segun Olalandu, said: “The rebranding was aimed at creating a more contemporary and accessible brand that would appeal to younger customers while retaining the trust of its long-standing clientele,”
  • Explaining how the updated marketing assets integrate into broader long-term distribution goals, Olalandu stated: “The updated identity has since gained increased visibility across traditional and digital platforms, supporting the company’s broader strategy of strengthening market leadership and deepening customer engagement,”
  • Pointing out the external macroeconomic hurdles currently reshaping the domestic financial landscape, Olalandu noted: “The recognition comes at a time when the Nigerian insurance sector is facing growing competition, evolving customer expectations and heightened regulatory requirements,”
  • Evaluating the firm’s capacity to optimize internal cost structures while expanding gross premium revenues, Olalandu added: “AIICO’s performance across the award criteria underscores its ability to balance growth with operational efficiency while delivering value to stakeholders,”

What’s Next

  • AIICO Insurance will continue to roll out its refreshed brand identity across digital media touchpoints to scale customer acquisition.
  • The company’s management will execute strategies aligned with evolving regulatory requirements to preserve its competitive industry edge.
  • Internal financial teams will leverage this operational momentum to maintain balanced growth in profit-after-tax and claims efficiency.

Bottom Line

AIICO Insurance has won the Insurance Company of the Year 2026 award from Nairametrics, with judges praising the six-decade-old underwriter’s superior financial metrics, claims efficiency, and its successful December 2025 brand transformation aimed at younger consumers.

First Holdco Loses 17% Market Value in Three Days

CBN Raises Treasury Bills Rates as Investor Demand Surges

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | June 4, 2026

Key Points

  • The Central Bank of Nigeria increased Treasury Bills rates across all tenors at its first June auction
  • Investors submitted ₦2.16 trillion in bids against the ₦700 billion offered
  • One-year Treasury Bills were allotted at 16.35%, up from 16.15% at the previous auction

Main Story

The Central Bank of Nigeria (CBN) increased yields on Treasury Bills at its latest primary market auction as strong investor demand persisted despite the Monetary Policy Committee’s decision to maintain the benchmark interest rate at 26.5%.

The auction, conducted through the Debt Management Office (DMO), offered ₦700 billion across three maturities, comprising ₦150 billion in 91-day bills, ₦50 billion in 182-day bills and ₦500 billion in 364-day instruments.

Investor appetite remained exceptionally strong, with total subscriptions reaching approximately ₦2.16 trillion, more than three times the amount offered. Demand was heavily concentrated in the one-year instrument, which attracted ₦1.95 trillion, accounting for roughly 90% of total bids received.

The CBN allotted ₦1.243 trillion worth of 364-day Treasury Bills at a stop rate of 16.35%, representing a 20-basis-point increase from the previous auction’s 16.15%.

The 91-day Treasury Bills cleared at 16.05%, compared with 15.95% previously, while the 182-day instrument was allotted at 16.19%, up from 16.14%.

In the secondary market, average Treasury Bills yield declined slightly by two basis points to 17.45%, reflecting sustained investor demand for fixed-income securities.

“Strong demand for Treasury Bills continues to reflect investors’ preference for relatively safe naira-denominated assets amid prevailing macroeconomic uncertainties,” market analysts noted following the auction results.

What’s Being Said

“The level of oversubscription demonstrates that liquidity remains strong within the financial system despite elevated interest rates,” analysts at Cordros Capital said in a post-auction review.

“Investors continue to favour government securities due to their attractive risk-adjusted returns and the stability they provide in uncertain market conditions,” said analysts at CSL Stockbrokers.

What’s Next

  • Investors will closely watch inflation data and future CBN policy decisions for signals on interest rate direction
  • The next Treasury Bills auction will provide further insight into fixed-income market sentiment
  • Market participants will assess whether yields continue to rise amid inflationary pressures

The Bottom Line: The significant oversubscription at the latest Treasury Bills auction underscores the continued attractiveness of government securities. Rising stop rates suggest the CBN remains committed to maintaining investor interest in naira assets while managing liquidity conditions.

NNPC Foundation urges youth to lead innovation in addressing national energy deficit

First Holdco Loses 17% Market Value in Three Days

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya | June 4, 2026

Key Points

  • First Holdco shares have declined 16.78% over the past three trading sessions
  • The stock closed at ₦58.25, reducing the group’s market capitalisation to ₦2.59 trillion
  • Analysts attribute the sell-off to profit-taking and a broader market correction

Main Story

First Holdco Plc has lost more than 16% of its market value in three trading sessions as investors intensified profit-taking activities amid a broader correction across the Nigerian stock market.

The financial services group’s shares fell to ₦58.25 on Wednesday, with approximately 20.07 million shares worth ₦1.22 billion exchanged on the Nigerian Exchange. The decline reduced the company’s market capitalisation to ₦2.59 trillion based on its 44.45 billion outstanding shares.

The sell-off follows a prolonged rally that pushed the stock to a 52-week high of ₦81.90, driven largely by investor optimism and significant accumulation by major shareholders. However, recent market sentiment has shifted as investors increasingly evaluate companies based on earnings performance, dividend history and long-term profitability prospects.

The stock now trades at a discount of approximately 28.87% from its one-year high.

Meanwhile, Fitch Ratings recently affirmed the Long-Term Issuer Default Ratings of First Holdco Plc and its principal subsidiary, First Bank of Nigeria Limited, at ‘B’ with a stable outlook. The agency also maintained their National Long-Term Ratings at ‘A+(nga)’.

Fitch stated that although the group breached the minimum regulatory capital adequacy requirement following the withdrawal of regulatory forbearance, it expects compliance to be restored by the third quarter of 2026 through internal capital generation and planned capital raising initiatives.

“We expect regulatory capital adequacy compliance to be restored by the end of the third quarter of 2026, supported by strong earnings generation and planned capital injections,” Fitch Ratings said in its latest assessment.

What’s Being Said

“The recent decline reflects a broader market correction rather than company-specific deterioration,” market analysts said following Wednesday’s trading session.

“Investors are increasingly focusing on fundamentals, earnings quality and dividend sustainability after months of sentiment-driven rallies,” analysts at investment firms tracking the banking sector noted.

What’s Next

  • Investors will monitor First Holdco’s capital-raising plans and regulatory capital position
  • The market will closely watch the group’s next earnings release for signs of operational improvement
  • Regulatory developments relating to banking sector recapitalisation remain a key focus for shareholders

The Bottom Line: First Holdco’s sharp decline highlights the market’s transition from sentiment-driven buying to a stronger emphasis on fundamentals. While Fitch’s stable outlook provides some reassurance, investors appear increasingly focused on capital strength, earnings performance and long-term value creation.

NNPC Foundation urges youth to lead innovation in addressing national energy deficit

Nigerian Equities Market Extends Sell-Off, Investors Lose ₦2.28 Trillion

By
Boluwatife Oshadiya
-
Stock Exchange Closes Trading Week With N30bn Gain

By Boluwatife Oshadiya | June 4, 2026

Key Points

  • Nigerian equities investors lost ₦2.28 trillion as the market declined for a third consecutive trading session
  • The NGX All-Share Index fell 1.44% to 243,132.61 points, reducing the year-to-date return to 56.24%
  • Insurance, industrial, banking, consumer goods and oil and gas stocks all closed lower amid persistent profit-taking

Main Story

The Nigerian stock market extended its losing streak on Wednesday, wiping out ₦2.28 trillion in investor wealth as widespread profit-taking continued to pressure equities across major sectors.

Data from the Nigerian Exchange (NGX) showed the benchmark All-Share Index (ASI) declined by 1.44% to close at 243,132.61 points, while market capitalisation fell to ₦155.94 trillion. The latest decline follows a ₦1.81 trillion loss recorded on Monday and an additional ₦478 billion decline despite the listing of approximately ₦21 billion worth of new shares.

Trading activity remained relatively strong. Total volume traded rose by 28.41% to 922.97 million shares, while turnover increased by 44.25% to ₦42.27 billion. However, the number of deals fell by 3.28% to 69,332 transactions.

Market breadth remained firmly negative, with 43 stocks recording losses against 15 gainers. Major decliners included WAPIC, ZICHY, JOHNHOLT, LEARNAFRICA and CONHALLPLC, while ABBEYBDS, INTENEGINS, TRIPPLEG, UNIVINSURE and ROYALEX led the gainers’ chart.

Sectoral performance also reflected the bearish sentiment. The Insurance Index dropped 2.76%, Industrial Goods declined 1.55%, Banking fell 1.53%, Consumer Goods lost 0.28%, while Oil and Gas slipped 0.05%. The Commodity Index closed flat.

“The market continues to experience profit-taking after a prolonged rally that pushed several stocks to elevated valuation levels,” analysts at Lagos-based investment firms noted in market commentaries released after trading.

What’s Being Said

“The correction is not unexpected given the magnitude of gains recorded earlier in the year. Investors are increasingly focusing on earnings quality and valuation metrics rather than momentum-driven buying,” said market analysts at Vetiva Capital Management.

“The current decline reflects a healthy repricing process as investors rebalance portfolios and lock in gains accumulated during the recent market rally,” analysts at Afrinvest Securities stated in their market review.

What’s Next

  • Investors will monitor corporate earnings releases and dividend announcements for fresh market direction
  • Market participants are expected to continue repositioning portfolios ahead of the second-quarter earnings season
  • Analysts expect profit-taking pressure to persist in the near term, particularly among recently outperforming stocks

The Bottom Line: The Nigerian market remains one of the world’s best-performing equity markets in 2026 despite recent losses. However, the ongoing correction suggests investors are becoming more selective, shifting focus from speculative gains to fundamentals and earnings strength.

NNPC Foundation urges youth to lead innovation in addressing national energy deficit

NGX Group says Dangote Refinery IPO is African investment opportunity

By
Kehinde Victor
-

Key points

  • The Nigerian Exchange Group is positioning the upcoming Dangote Refinery Initial Public Offering (IPO) as a continental investment opportunity.
  • Chairman Dr. Umaru Kwairanga stated that stock exchanges from Kenya, Ghana, and South Africa have been engaged to broaden participation in the offer.
  • The Nigerian equities market recorded returns exceeding 50 percent during the first five months of the year.
  • NGX technology platforms facilitated the raising of more than N4 trillion through recent bank recapitalization exercises.
  • The exchange has implemented global best practices, including a migration to a T+1 settlement cycle and extended trading hours.

Main Story

The Nigerian Exchange Group (NGX Group) says the anticipated Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals is being positioned as an African investment opportunity.

Chairman of NGX Group, Dr Umaru Kwairanga, disclosed this at the London Africa Summit on Friday. Kwairanga stated on Saturday that the NGX had engaged stock exchanges across Africa to broaden participation in the planned offer and deepen regional capital market integration. He noted that representatives from Kenya, Ghana, South Africa, and other African countries visited the refinery to assess its operations and investment potential.

According to Kwairanga, investors increasingly seek tangible evidence and growth prospects before committing capital. He described Africa as one of the world’s most attractive investment destinations, citing its youthful population and expanding economic opportunities.

The Chairman highlighted that the Nigerian equities market delivered returns of more than 50 per cent in the first five months of the year. He also emphasized the longstanding partnership between the Nigerian and London capital markets, describing the relationship with the London Stock Exchange as instrumental in attracting global capital to Nigeria.

Kwairanga said NGX had invested heavily in technology and market infrastructure to support efficient capital raising and improve market operations. He noted that more than N4 trillion raised through recent bank recapitalisation exercises was facilitated by the exchange’s technology platforms. Additionally, NGX has undertaken international roadshows across the United States, Brazil, China, and the United Kingdom to strengthen investor confidence.

Recent reforms, including migration to a T+1 settlement cycle and extended trading hours, have been implemented to align the market with global best practices. Kwairanga expressed optimism that stronger collaboration between African exchanges and international financial centres would increase capital inflows and support economic growth.

The Issues

  • Integrating African stock exchanges to transform a national IPO into a unified continental investment vehicle.
  • Leveraging advanced market technology to facilitate large-scale capital raising, such as the N4 trillion recently generated for bank recapitalization.
  • Aligning Nigerian market operations with global standards through T+1 settlement cycles and extended trading hours to attract international depth.

What’s Being Said

  • Explaining the strategic intent to market the refinery’s public offer beyond Nigerian borders, Dr Umaru Kwairanga said: “We want to consider the Dangote Refinery offer as an African offer and not a Nigerian offer. That is why we invited stock exchanges from across the continent to Lagos and took them to the refinery to see what has been built,”.
  • Noting the demand for verifiable data and performance metrics from modern investors, Kwairanga stated: “Investors are not looking for stories. Investors are looking for evidence, prospects and projections, and that is what we are bringing from Africa,”.
  • Highlighting how digital infrastructure allows for global entry into African equities, he remarked: “There are a lot of opportunities. With technology, investors can participate from anywhere in the world, including from the comfort of their homes,”.
  • Describing the synergy between African growth and London’s financial expertise, he concluded: “We are bringing opportunities, growth and scale from Africa, while London is bringing global capital, international experience and investment depth. When these are combined, they create the confidence investors need to commit capital to the continent,”.

What’s Next

  • NGX will continue its engagement with continental stock exchanges to finalize the framework for the Dangote Refinery IPO.
  • The exchange will leverage its technology platforms to manage the anticipated high volume of local and international subscriptions.
  • International roadshows will continue in key financial hubs to showcase African growth prospects and maintain investor confidence.

Bottom Line

The NGX Group is rebranding the Dangote Refinery IPO as a continental asset, inviting major African stock exchanges to participate while leveraging a 50 percent market return and new T+1 settlement reforms to attract global capital via the London Stock Exchange.

Experts advocate plant-based diets to boost food security, combat climate change

Highcap Securities attributes N4.92trn stock market loss to Dangote IPO repositioning

By
Kehinde Victor
-
Stocks

Key points

  • Highcap Securities Ltd. has attributed a N4.92 trillion weekly stock market loss to investor repositioning ahead of the anticipated Dangote Refinery public offer.
  • The Nigerian Exchange Ltd. All-Share Index fell 3.11 percent to 242,593.31 points, while market capitalization declined 3.06 percent to N155.594 trillion.
  • Additional bearish pressures included seasonal post-earnings corrections, rising 2027 political risks, and asset sales driven by new SEC minimum capital rules.
  • Trading activity spiked to 3.966 billion shares worth N175.659 billion, up from 2.398 billion shares exchanged the previous week.
  • The Financial Services Industry led sector turnover, with Access Holdings, Abbey Mortgage Bank, and Sterling Financial Holdings dominating market volumes.

Main Story

Highcap Securities Ltd. has attributed the N4.92 trillion stock market loss recorded last week to investor repositioning ahead of the anticipated Dangote Refinery and Petrochemicals Initial Public Offering (IPO).

The Vice-President of Highcap Securities, Mr David Adonri, disclosed this on Saturday in an interview with the News Agency of Nigeria (NAN) in Lagos. During the week under review, the Nigerian Exchange Ltd. (NGX) All-Share Index and market capitalisation declined by 3.11 per cent and 3.06 per cent, respectively.

The All-Share Index closed at 242,593.31 points, while market capitalisation settled at N155.594 trillion, down from 250,385.47 points and N160.509 trillion. Consequently, investors lost N4.915 trillion during the week. All other indices closed lower, except the NGX Sovereign Bond Index, which ended the week unchanged.

Adonri said the sharp sell-off indicated that many investors were raising liquidity in anticipation of the expected IPO. He noted, however, that several other factors contributed to the market’s bearish performance. According to him, the market is undergoing a seasonal correction, which has become common after the earnings season as prices decline to align with the fundamental values of companies.

He explained that once investors have a clearer picture of the financial position of companies, they begin to adjust their portfolios by disposing of shares in underperforming companies while increasing exposure to fundamentally strong stocks.

Adonri also identified growing political risks ahead of the 2027 general elections as a factor affecting investor sentiment, noting that heightened political activity and rhetoric often prompt some investors to move into cash positions. He added that some capital market operators might have sold financial assets to strengthen their capital base in response to the new minimum capital requirements introduced by the Securities and Exchange Commission (SEC).

Despite the combined bearish trend, Adonri expressed optimism that the market could recover after rebounding on Friday, adding that the current downturn could offer buying opportunities for investors seeking fundamentally sound stocks at lower prices.

Meanwhile, investors traded 3.966 billion shares worth N175.659 billion in 343,587 deals during the week, compared with 2.398 billion shares valued at N111.480 billion exchanged in 241,313 transactions the previous week.

The Financial Services Industry led trading activity with 2.690 billion shares worth N69.975 billion in 134,882 deals, accounting for 67.83 per cent of total equity volume and 39.84 per cent of total turnover value. The Services Industry followed with 323.601 million shares valued at N6.443 billion in 25,906 deals, while the ICT Industry ranked third with 176.039 million shares worth N27.892 billion traded in 40,837 transactions.

Trading in Access Holdings Plc, Abbey Mortgage Bank Plc, and Sterling Financial Holdings Company Plc dominated activity, contributing 32.53 per cent of total traded volume and 10.00 per cent of total market value. Twenty-three equities gained during the week, compared with 34 in the preceding week, while 65 equities declined, up from 51 disposal trends previously.

International Energy Insurance, Abbey Mortgage Bank, Triple Gee, Ikeja Hotel, and RT Briscoe emerged as the week’s top gainers. Associated Bus Company, University Press, Eterna, John Holt, and First HoldCo recorded the largest losses.

The Issues

  • Liquidating existing equity portfolios to pool capital for high-prospect primary market entries like the upcoming refinery IPO.
  • Reconciling stock price valuations with actual company financials following speculative run-ups during the full-year corporate earnings cycle.
  • Complying with newly mandated SEC capital structures, forcing market intermediaries to offload financial assets to shore up institutional reserves.

What’s Being Said

  • Describing the cyclical valuation adjustments that typically occur across the bourse immediately following the conclusion of corporate reporting periods, Mr David Adonri noted: “There has been a seasonal trend for market correction after the earnings season. Prices usually decline to align with the fundamental values of companies.”
  • Explaining how retail and institutional sentiment shifts from speculative buying to data-driven portfolio rebalancing, Adonri said: “Before the release of full-year corporate results, a lot of exuberance and irrationality usually drive stock prices. Once investors have a clearer picture of the financial position of companies, they begin to adjust their portfolios accordingly,”
  • Outlining how upcoming mid-term electoral cycles prompt defensive asset allocations among risk-averse market participants, he stated: “Political risk is usually elevated during election periods, and that tends to frighten some investors. As a safety measure, they may liquidate part of their investments and hold cash,”
  • Pointing to the late-week baseline stabilization as a potential indicator for near-term trend reversals, he observed: “On Friday, the market stabilised and rebounded. We hope the recovery will continue next week,”

What’s Next

  • Investors will monitor the market to see if the trading recovery established on Friday continues into the upcoming week.
  • Capital market operators will continue restructuring their asset holdings to meet the SEC minimum capital deadline.
  • Value investors will seek entry points to purchase fundamentally sound stocks that dropped to lower prices during the weekly downturn.

Bottom Line

The NGX shed N4.92 trillion in a weekly sell-off driven primarily by investors liquidating portfolios to free up cash for the upcoming Dangote Refinery IPO, alongside seasonal corrections, compliance with new SEC capital limits, and early 2027 political risks.

Persistent rainfall, flooding drive tomato shortage, price surge in Anambra

MTN launches transparency initiative to address data depletion concerns

By
Kehinde Victor
-

Key points

  • MTN Nigeria has invited the public to audit its network infrastructure and billing systems to address ongoing complaints regarding rapid data exhaustion.
  • The “Data on Trial” campaign serves as a collaborative platform for subscribers to identify potential systemic faults or areas where customer education is needed.
  • Technical experts attribute perceived data drainage to high-definition content, background application activity, and the increased bandwidth requirements of 4G and 5G networks.
  • The company maintains that its billing frameworks comply with global industry standards and undergo regular validation by the Nigerian Communications Commission.
  • Network quality is frequently hampered by external threats, including hundreds of recorded incidents of infrastructure vandalism and accidental fiber cuts.

Main Story

In a move to restore subscriber confidence, MTN Nigeria has launched a comprehensive public review of its data billing processes and network operations.

Tobe Okigbo, the Chief Corporate Services and Sustainability Officer, announced the “Data on Trial” initiative at a press conference in Lagos, positioning the program as an opportunity for Nigerians to investigate the technical aspects of network usage. The initiative aims to distinguish between actual technical glitches, misunderstandings of digital service consumption, and gaps in user awareness.

According to Okigbo, the company is mirroring a previous intervention strategy that successfully resolved conflicts regarding unauthorized value-added service deductions by inviting regulatory oversight and implementing corrective measures. The upcoming interactive session will be broadcast live to ensure nationwide participation.

Providing technical context, Mike Ndukwe, the General Manager of Network Quality, refuted allegations that the company intentionally deducts data. He illustrated how modern digital habits—such as streaming high-definition video, allowing cloud synchronization, and enabling background app updates—can exponentially increase data consumption without a user’s explicit action.

Ndukwe emphasized that while 4G and 5G networks offer superior speeds, they also deliver richer, more data-intensive content. He clarified that because billing systems and personal devices often measure data transmission at different points, discrepancies may appear. To ensure integrity, MTN’s charging mechanisms are subject to consistent audits by both independent assessors and the industry regulator, the Nigerian Communications Commission.

Network availability also took center stage, as General Manager of Network Services, Asura Mshelia, detailed the complexities of maintaining stable connectivity. Service delivery relies on a fragile web of base stations, fiber optics, and gateways, all of which are susceptible to congestion and equipment failure.

Mshelia highlighted that criminal attacks, including the theft of batteries, generators, and solar components—along with construction-related fiber cuts, remain the primary drivers of service instability. He called on the public to assist in safeguarding telecommunications assets, noting that protecting this infrastructure is essential for reliable service delivery.

The Issues

  • Resolving the technical disparity between user-side data tracking and carrier-side billing metrics.
  • Mitigating the impact of high-bandwidth digital activities on consumer data balances.
  • Combating the recurring theft and destruction of critical network components that cause widespread service outages.

What’s Being Said

  • Encouraging direct public engagement to diagnose network concerns, Tobe Okigbo stated: “We want Nigerians to tell us what is wrong, ask questions and help us identify issues so that we can collectively find solutions,”.

What’s Next

  • MTN will hold a live-streamed public forum to answer subscriber questions and demonstrate billing operations.
  • Engineering teams will continue to provide guidelines to help users optimize device settings and manage background data usage.
  • The company will maintain collaboration with regulatory bodies to conduct periodic audits of charging platforms to ensure transparency.

Bottom Line

MTN Nigeria is exposing its billing and network systems to public scrutiny to dispel myths about data depletion, while simultaneously highlighting that 4G/5G technology habits and persistent infrastructure vandalism are the true culprits behind user dissatisfaction.

Experts advocate plant-based diets to boost food security, combat climate change

First Lady empowers 1000 Abuja petty traders and persons with disabilities

By
Kehinde Victor
-
oluremi tinubu first lady of nigeria

Key points

  • First Lady Senator Oluremi Tinubu has empowered 1000 petty traders, including persons living with disabilities, in the Karonmajigi community of Abuja.
  • The intervention, executed through the Renewed Hope Initiative, distributed financial grants of N50,000 to each selected beneficiary to help scale their small businesses.
  • Prior to the financial disbursement, the community received various operational tools including sewing machines, grinding machines, power tillers, and water pumping systems.
  • Ongoing infrastructure projects in the area include the construction of a brand-new secondary school which is currently nearing completion.
  • Community members and political stakeholders expressed support for the current administration and pledged their votes for the re-election of President Bola Tinubu in 2027.

Main Story

First Lady Senator Oluremi Tinubu has provided economic empowerment to 1000 petty traders, including persons living with disabilities (PLWD), in the Karonmajigi area of Abuja.

Under the umbrella of her Renewed Hope Initiative (RHI), the humanitarian outreach delivered a direct cash grant of N50,000 to each beneficiary to support the expansion of their micro-enterprises. The First Lady was represented at the event by the Wife of the Vice President, Hajiya Nana Shettima, who presented the gifts at LEA Primary School on Saturday. The intervention was designed to uplift local livelihoods regardless of tribal affiliations.

The cash distribution builds upon a broader suite of asset donations deployed to the locality earlier in the week. These previous contributions featured 39 sewing machines, 13 grinding machines, 45 hair dryers, 16 power tillers, five transport trucks, and 35 water pumping systems intended to stimulate agricultural and commercial activities within the community.

Beyond immediate economic relief, structural development projects are also underway in the district, highlighted by a new secondary school facility that is near completion and scheduled for an upcoming commissioning to improve access to education.

The empowerment program drew widespread praise from local authorities and political leaders. The Minister of State for the FCT, Dr. Mariya Mahmoud, noted that the initiative highlights the federal government’s policy focus on social inclusion, dignity, and economic self-reliance for vulnerable populations.

Similarly, the District Head of Karonmajigi, Traditional Ruler Alhaji Yunusa Abdullahi, commended the administration for fulfilling its campaign promises and acknowledged ongoing territorial development projects. The event saw active participation from community residents and ruling party women leaders who voiced clear political support looking ahead to the upcoming national elections.

The Issues

  • Securing long-term self-reliance and economic survival for physically challenged individuals by integrating them into national financial intervention blueprints.
  • Overcoming foundational structural challenges in rural border communities, specifically around the lack of adequate healthcare centers and accessible housing options.
  • Ensuring the timely delivery and execution of state-backed educational infrastructure to accommodate a growing youth population.

What’s Being Said

  • “In recognition of your support and to further enhance livelihoods within the community, the First Lady has earlier this week sent the following empowerment items to this community: 39 sewing machines and 13 grinding machines.”
  • “Other items that were donated by the First Lady included 35 water pumping machines for the community, 45 hair dryers, 16 power tillers and five Keke trucks.”

What’s Next

  • The newly established secondary school in Karonmajigi will undergo final operational preparations ahead of its formal commissioning ceremony.
  • The 1000 petty traders and physically challenged beneficiaries will begin injecting the received seed capital into their local retail shops.
  • Community groups and less privileged advocates will look to follow up with state actors regarding the requested improvements for local health facilities and specialized housing.

Bottom Line

Wife of the Vice President Hajiya Nana Shettima has distributed N50,000 cash grants alongside heavy commercial machinery to 1000 petty traders and disabled persons in Abuja on behalf of First Lady Oluremi Tinubu’s Renewed Hope Initiative, prompting pledges of political support from local traditional and community leaders.

Persistent rainfall, flooding drive tomato shortage, price surge in Anambra

Experts advocate plant-based diets to boost food security, combat climate change

By
Ibe Wada
-
Trees

Key points

  • Experts have called for a global shift to plant-based food systems to enhance food security, public health and environmental sustainability.
  • Plant-based diets can reduce greenhouse gas emissions, conserve land and water resources, and support biodiversity, speakers said.
  • Stakeholders urged governments and the private sector to adopt integrated policies that align nutrition goals with climate and sustainability objectives.

Main story

Experts in food systems, nutrition and environmental sustainability have called for a transition to plant-based food production and consumption as a critical strategy for strengthening food security, improving public health and tackling climate change.

The call was made during a policy webinar titled “Plant-Based Pathways to Protein Security: Aligning Nutrition with Environmental Sustainability,” organised by the World Agriculture Forum in collaboration with the Plant Based Treaty to commemorate World Environment Day.

Speaking during the webinar, Dr Anita Krajnc, Executive Director of The Save Movement and Global Campaign Coordinator of the Plant Based Treaty, said plant-based protein sources such as beans, peas, lentils, soy products, nuts, seeds and whole grains could adequately meet human dietary protein requirements.

Krajnc noted that increasing the production and consumption of plant-based foods could significantly reduce greenhouse gas emissions, ease pressure on land and water resources and contribute to biodiversity conservation.

She warned that the world was facing an unprecedented environmental crisis, with seven of the Earth’s nine planetary boundaries already exceeded, adding that animal agriculture remained a major contributor to global methane emissions.

“Animal-based food production uses about 83 per cent of agricultural land, covering approximately four billion hectares globally. By transitioning to plant-based diets, land use could be reduced by as much as 75 per cent while still feeding the global population,” she said.

Also speaking, Ms Sira Secka, Founder of ENENNFOOF Excellence Foundation in The Gambia, said industrial agriculture and intensive livestock farming were contributing to environmental degradation and growing public health concerns. She stressed the need for healthier and more sustainable food systems capable of meeting the nutritional needs of an expanding global population without placing additional pressure on ecosystems.

Drawing insights from the Danish Action Plan for Plant-Based Food, Dr Rune-Christopher Dragsdahl, Executive Director of the Danish Vegetarian Society, said the global food system was driving five of the seven planetary boundaries already breached, making sustainable production and consumption essential to addressing climate change, biodiversity loss and resource depletion.

The issues

The experts highlighted the growing challenge of balancing food production with environmental sustainability amid rising global populations, climate change and increasing pressure on natural resources.

They argued that conventional food systems, particularly intensive animal agriculture, contribute significantly to greenhouse gas emissions, land degradation, water scarcity and biodiversity loss, posing long-term risks to food security and ecological stability.

The discussion also underscored the need for governments to rethink agricultural and nutrition policies to ensure that future food systems are both environmentally sustainable and nutritionally adequate.

What’s being said

Krajnc said shifting towards plant-based diets offers an opportunity to reduce environmental impacts while creating space for reforestation, carbon storage and ecosystem restoration.

Secka stressed that sustainable food production systems are essential to improving public health outcomes and reducing the environmental footprint of food production.

Dragsdahl maintained that climate change, food insecurity, environmental degradation and public health challenges are deeply interconnected and require coordinated policy responses.

He called on governments, development agencies, businesses and consumers to support sustainable agriculture, responsible consumption and innovation in food production, while increasing public awareness of the benefits of plant-based diets.

What’s next

Stakeholders are expected to intensify advocacy for policies that encourage sustainable food production and consumption practices.

Experts also urged governments to invest in research, innovation and public education initiatives that promote plant-based protein alternatives and environmentally friendly agricultural systems.

The recommendations are likely to feed into broader discussions on climate action, food security and sustainable development as countries seek solutions to growing environmental and nutritional challenges.

Bottom line

Experts say transitioning to plant-based food systems could play a crucial role in addressing some of the world’s most pressing challenges, including food insecurity, climate change and environmental degradation. They argue that aligning nutrition policies with sustainability goals will be essential to building resilient food systems capable of supporting both people and the planet in the long term.

Persistent rainfall, flooding drive tomato shortage, price surge in Anambra

Persistent rainfall, flooding drive tomato shortage, price surge in Anambra

By
Ibe Wada
-

 Key points

  • Tomato prices in Anambra have more than doubled due to supply shortages caused by persistent rainfall and flooding in major producing states.
  • Traders say flooding has disrupted farming activities and transportation routes, limiting deliveries from northern Nigeria.
  • Consumers are increasingly turning to alternatives such as pepper, tatashe and tomato paste as prices remain high.

Main story

Tomato traders across major markets in Anambra State have attributed the current scarcity and sharp increase in tomato prices to persistent rainfall and flooding in key tomato-producing regions of Nigeria.

A survey conducted by the News Agency of Nigeria (NAN) at Eke-Awka, Ose, Onitsha and Nkpor markets revealed that the price of a basket of tomatoes has risen significantly from between N65,000 and N70,000 to between N100,000 and N150,000.

Speaking at Eke-Awka Market, a tomato wholesaler, Mr Uchenna Amanambu, said heavy rainfall in Jos and Makurdi, two major tomato-producing areas, had negatively affected farming activities and reduced output.

He noted that flooding along major transportation routes had further disrupted the movement of tomatoes to markets across the country, worsening the supply shortage.

Another wholesaler, Mrs Ifeoma Uzonna, said traders were struggling to maintain adequate supplies due to irregular deliveries from northern Nigeria.

“Before now, trucks arrived almost every week with large quantities of tomatoes, but these days we receive fewer supplies and sometimes wait longer for deliveries. The scarcity has pushed prices up significantly,” she said.

At Ose Market, traders described the shortage as one of the most severe experienced this year. Mrs Celestina Ezeokafor said the impact of the rains on farms had reduced harvests, forcing many consumers to cut back on purchases.

“Some customers who usually buy tomatoes in baskets now purchase half baskets or smaller quantities because of the high cost,” she said.

Retailers also reported changes in consumer behaviour as households increasingly seek more affordable alternatives. Mr Emeka Obi said many families were substituting tomatoes with tatashe and pepper to reduce cooking expenses.

Similarly, traders at Nkpor Market in Idemili South Local Government Area said the scarcity had affected both sales volume and consumers’ purchasing power.

The issues

The shortage highlights the vulnerability of Nigeria’s agricultural supply chain to adverse weather conditions and poor infrastructure.

Flooding has not only reduced tomato harvests in producing states but has also damaged critical road networks used to transport agricultural produce to markets in the South-East.

The situation has exposed broader concerns about food security, transportation challenges and the impact of climate-related disruptions on agricultural production and commodity prices.

What’s being said

Traders insist that the current price increase is not driven by profiteering but by a combination of reduced supply and rising transportation costs.

“The cost of moving goods has gone up and this ultimately affects market prices. Traders are not making excessive profits; we are simply adjusting to the realities of supply and transportation challenges,” said Mr Chinedu Nwafor.

Mrs Ngozi Chukwu, a trader at Nkpor Market, advised households to utilise alternative ingredients such as pepper, onions and tatashe while waiting for tomato supplies to stabilise.

What’s next

Market stakeholders are optimistic that supplies will improve in the coming months as rainfall subsides and harvesting from irrigated farms increases.

Traders expect tomato prices to gradually decline once transportation routes become more accessible and larger volumes of produce return to the market.

Agricultural experts have also called for greater investment in climate-resilient farming practices and infrastructure to reduce the impact of seasonal flooding on food production and distribution.

Bottom line

Persistent rainfall and flooding in major tomato-producing regions have significantly disrupted production and distribution, leading to a sharp increase in tomato prices across Anambra State. While traders remain hopeful of improved supplies in the coming months, consumers are likely to continue feeling the impact of high prices until harvests recover and transportation challenges ease.

NNEW mourns passing of president, Mrs. Adefunke Kuyoro

Africa CDC and WHO launch $518m response plan for Ebola outbreak

By
Kehinde Victor
-

Key points

  • The Africa Centres for Disease Control and Prevention and the World Health Organization have launched a joint preparedness plan to tackle an Ebola outbreak caused by the Bundibugyo strain.
  • The six-month response strategy seeks to mobilize 518 million dollars to strengthen early detection and rapid response measures across African nations.
  • Implementation is currently underway across 10 priority countries identified for critical strengthening of emergency coordination and disease surveillance.
  • There are currently no licensed vaccines or therapeutics approved for the Bundibugyo virus strain.
  • The plan emphasizes the protection of vulnerable populations and the maintenance of essential health services for concurrent threats like mpox, cholera, and measles.

Main Story

The Africa Centres for Disease Control and Prevention (Africa CDC) and the World Health Organization (WHO) have launched a joint continental preparedness and response plan aimed at addressing the ongoing Ebola outbreak caused by the Bundibugyo virus strain.

In a statement released on Friday, both organizations said the six-month strategy seeks to raise 518 million dollars to support African countries and partner agencies in strengthening preparedness, improving early detection, and ensuring rapid response capacity.

WHO Director-General Dr. Tedros Ghebreyesus said the plan, which runs from June to November, adopts a unified “One Response” approach that brings together governments, partners, and communities to reinforce outbreak control efforts across the continent. He added that it builds on national response measures already activated in the Democratic Republic of the Congo and Uganda.

The plan is structured around key pillars including emergency coordination, surveillance, laboratory diagnostics, infection prevention and control, clinical management, and logistics. Implementation has already begun in affected and high-risk countries, with priority interventions underway in 10 countries to enhance early detection systems.

Africa CDC Director-General Dr. Jean Kaseya stressed the importance of coordinated action and urgency in preventing further spread to neighboring countries. He noted that community engagement remains central to the strategy, as trust is critical for effective contact tracing and safe healthcare practices.

With no licensed vaccines or approved treatments currently available for the Bundibugyo strain, the plan focuses on strengthening health systems and outbreak readiness. It also highlights the need to sustain responses to other concurrent health threats, including mpox, cholera, and measles, to avoid weakening routine healthcare services. Member states have also been urged to improve screening at points of entry and strengthen cross-border collaboration to limit regional transmission.

The Issues

  • Managing an Ebola outbreak where no approved vaccines or specific therapeutics are currently available for the infecting strain.
  • Scaling up disease surveillance and laboratory testing across 10 high-priority countries to ensure early detection.
  • Maintaining essential health services to prevent outbreaks of cholera, mpox, and measles from escalating during the Ebola response.

What’s Being Said

  • Outlining the comprehensive scope of the “One Response” approach, Dr Tedros Ghebreyesus said: “It includes emergency coordination and disease surveillance, laboratory testing, infection prevention and control, clinical care, community engagement, research, logistics and support for essential health services,”
  • Highlighting the need for rapid implementation in priority and at-risk zones, Ghebreyesus stated: “Implementation is already underway in affected and at-risk countries, with critical measures being strengthened in 10 priority countries for early detection and rapid response,”
  • Stressing the requirement for continental speed to match the movement of the virus, Dr Jean Kaseya stated: “Ebola moves fast. Africa must move faster. This joint plan gives the continent a clear path to act with speed and unity: to save lives, support the affected countries and protect neighbouring communities,”
  • Emphasizing that clinical tools are not currently available for this specific strain, the Africa CDC statement noted: “With no licensed vaccines or therapeutics currently approved for the Bundibugyo strain, the plan focuses on strengthening health systems to maintain resilience during the emergency. It also stresses continued support for concurrent health threats including mpox, cholera and measles to avoid disruptions to routine care,”

What’s Next

  • Partner organizations will focus on mobilizing the 518 million dollars required to fund the response through November 2026.
  • Health authorities in 10 priority countries will intensify screening at points of entry and strengthen laboratory testing capacities.
  • Africa CDC and WHO will monitor the implementation of the “One Response” framework to ensure coordinated contact tracing and clinical care.

Bottom Line

The Africa CDC and WHO have launched a $518 million, six-month emergency plan to contain a Bundibugyo Ebola outbreak, focusing on disease surveillance and health system resilience across 10 priority countries due to a lack of approved vaccines for this specific strain.

FG inaugurates committee for Africa tourism and creative economy expo

NNEW mourns passing of president, Mrs. Adefunke Kuyoro

By
Ibe Wada
-

Key points

  • President of NECA’s Network of Entrepreneurial Women (NNEW), Mrs. Adefunke Kuyoro, passes away on June 2, 2026.
  • Organisation describes her as a visionary leader who advanced women entrepreneurship and inspired members.
  • NNEW calls for prayers and support for the bereaved family and community as funeral arrangements are awaited.

Main story

The NECA’s Network of Entrepreneurial Women (NNEW) has announced the passing of its President, Mrs. Adefunke Kuyoro, who died on June 2, 2026.

In an official statement, the organisation described her death as a profound loss to the network, the business community, her family, and all who worked closely with her during her lifetime.

Mrs. Kuyoro was widely regarded as an influential leader whose tenure was marked by a strong commitment to the advancement of women entrepreneurs across Nigeria. Under her leadership, NNEW expanded its reach and strengthened its support systems for women in business, earning her respect within and beyond the organisation.

The issues

Her passing raises a leadership vacuum within NNEW at a time when women-led enterprises continue to seek stronger institutional support and advocacy in Nigeria’s challenging economic climate.

The organisation now faces the task of ensuring continuity of vision, programmes, and initiatives that were championed under her leadership, while maintaining stability within its membership base.

What’s being said

NNEW, in its condolence message, praised Mrs. Kuyoro’s legacy, describing her as a dedicated and visionary leader whose contributions significantly shaped the growth and success of the network.

The organisation also appealed for prayers and emotional support for her family, loved ones, and the broader NNEW community during this period of mourning.

What’s next

According to the statement, details of funeral arrangements and official tributes will be communicated to members once they are finalised by the family.

Members of the network and stakeholders in the business community are expected to pay tribute in the coming days as reflections on her leadership and impact continue.

Bottom line

Mrs. Adefunke Kuyoro’s death marks a significant loss for Nigeria’s women entrepreneurship ecosystem, leaving behind a legacy of leadership, advocacy, and institutional growth that will continue to shape NNEW’s future.

Supreme court directs public to verify notarised documents through electronic register

ECD expert demands increased investment in children’s first five years

By
Kehinde Victor
-

Key points

  • An Early Childhood Development (ECD) expert, Dr. Megor Ikuenobe, has called for increased financial investment in children’s first five years of life.
  • Speaking at a virtual media briefing organized by Gatefield, Ikuenobe noted that the human brain achieves nearly 90 percent of its development by age five.
  • The Nurturing Care Framework, developed by global partners like the WHO and UNICEF, highlights health, nutrition, responsive caregiving, security, and early learning.
  • Poverty, insecurity, and exposure to regional violence subject children to toxic stress that can severely impair brain development.
  • Health Communications Specialist Ms. Omei Bongos-Ikwue emphasized the role of the media in translating data into human-centered stories to generate policy demand.

Main Story

An Early Childhood Development (ECD) expert, Dr. Megor Ikuenobe, has called for greater investment in the first five years of a child’s life.

She described this stage as critical for both human development and national progress during a virtual media briefing organised by Gatefield under the #ItTakesEveryone advocacy campaign on Friday.

Ikuenobe said research shows early childhood is the most important phase of development, noting that the brain forms more than one million neural connections every second during these years. She added that about 80 per cent of brain development is achieved by age three, and nearly 90 per cent by age five, making early intervention essential for long term learning, behaviour, and health outcomes.

She stressed that ECD should be treated as a national development priority rather than a social welfare issue, arguing that investments in early childhood produce long term social and economic benefits.

To support effective interventions, she referenced the Nurturing Care Framework developed by global partners including the World Health Organisation and UNICEF. The framework focuses on five key areas: good health, adequate nutrition, responsive caregiving, safety and security, and early learning opportunities.

However, she identified poverty, insecurity, and weak social support systems as major threats to child development in Nigeria. She warned that exposure to violence such as insurgency, banditry, and school abductions can cause toxic stress that negatively affects brain development and emotional wellbeing.

Ikuenobe also highlighted the importance of caregiver wellbeing, noting that stressed or economically burdened parents may struggle to provide the responsive care children need. She called for stronger policies, increased funding, and better coordination across health, education, and social protection sectors, while urging the media to play a stronger role in raising awareness on ECD.

Also speaking, Health Communications Specialist at Gatefield, Ms. Omei Bongos Ikwue, described early childhood development as the foundation of society and a key driver of lifelong outcomes. She explained that it spans health, nutrition, education, protection, and caregiving from conception to age five.

She noted that nearly 90 per cent of brain development occurs by age five, meaning early experiences strongly shape learning, behaviour, health, and productivity. She warned that developmental setbacks during this period can persist into adulthood, especially when children are exposed to neglect or violence.

Bongos Ikwue also emphasised the role of the media in advancing ECD outcomes, describing journalists as important actors in translating data into human centred stories, amplifying marginalised voices, and encouraging public engagement and policy action.

The Issues

  • Elevating early childhood development from a social welfare perspective to a primary national economic development priority.
  • Mitigating the impact of poverty, regional banditry, and toxic stress on the biological development of young children.
  • Enhancing caregiver mental health and economic stability to ensure the delivery of responsive caregiving.

What’s Being Said

  • Explaining how the initial years of life fundamentally anchor all future human capabilities, Dr Megor Ikuenobe stated: “The earliest years lay the biological foundation for all future learning, behaviour and health. What happens, or does not happen, during this period shapes an individual for life,”
  • Outlining why a child’s surrounding safety is directly linked to their cognitive capacity, Ikuenobe warned: “Children who grow up in unsafe environments are more likely to experience anxiety, depression and long-term developmental challenges. A child who does not feel safe cannot learn or grow,”
  • Emphasizing that early youth interventions require the mobilization of all societal sectors, she concluded: “Early childhood development is not charity; it is an investment in human capital and national development. It takes everyone—government, communities, families and the media—to give every child the best start in life,”
  • Defining the long-term societal stakes involved in safeguarding the developmental milestones of the youngest generation, Ms Omei Bongos-Ikwue said: “When we talk about children, we are really talking about the foundation of society—who they become, how they interact with the world and how whole they are as individuals,”
  • Noting that structural adjustments in early childhood care determine broader national trajectories, Bongos-Ikwue stated: “These are critical questions because the answers define not just individual futures, but the future of our nation,”

What’s Next

  • Advocates under the #ItTakesEveryone campaign will continue pushing for stronger cross-sectoral collaboration between health, education, and social protection ministries.
  • Media houses and journalists will look to step up public awareness campaigns to translate early development data into human-centered stories.
  • Policy stakeholders will work toward incorporating the five pillars of the Nurturing Care Framework into local health and educational guidelines.

Bottom Line

ECD expert Dr. Megor Ikuenobe and Gatefield specialist Omei Bongos-Ikwue have called for early childhood development to be treated as a priority national investment, warning that poverty and security threats create toxic stress that disrupts critical brain development occurring before age five.

FG inaugurates committee for Africa tourism and creative economy expo

Christianah Ogunsanya secures Nigeria’s first medal at UWW Ranking Series

By
Kehinde Victor
-

Key points

  • Reigning African champion Christianah Ogunsanya won a bronze medal to secure Nigeria’s first podium finish at the ongoing UWW Ranking Series tournament in Mongolia.
  • Ogunsanya defeated Mongolia’s Bayanmunkh 6-6 on technical criteria to claim the bronze medal on Friday.
  • Commonwealth champion Mercy Genesis narrowly missed out on a podium finish after a 2-7 defeat against Turkey’s Evin Demirhan.
  • Coach Purity Akuh praised the team’s performance, noting that the tournament provides valuable experience ahead of the 2028 Summer Olympics.
  • Nigeria is represented by four female wrestlers at the event, with upcoming bouts featuring Esther Kolawole and Hannah Ojo on Saturday.

Main Story

Nigeria’s Christianah Ogunsanya secured a bronze medal on Friday after edging Mongolia’s Bayanmunkh 6–6 on technical criteria at the Ulaanbaatar Open, a United World Wrestling (UWW) Ranking Series event that attracts elite wrestlers competing for ranking and seeding points.

Ogunsanya opened her campaign strongly, defeating Mongolia’s Tsovoo Gankhuyag 10–0 by superiority, before suffering a 10–0 defeat by superiority to Japan’s Kiyooka M. in her subsequent bout. In another outing, Commonwealth champion Mercy Genesis narrowly missed a podium finish after falling 2–7 to Turkey’s Evin Demirhan.

Reacting to the results, Nigeria’s women’s wrestling coach, Purity Akuh, expressed appreciation for the team’s performance and commended the athletes’ efforts. He also praised the President of the Nigeria Wrestling Federation, Adewale Adeniyi, for supporting the team’s participation in the competition.

Akuh added that Team Nigeria would shift focus to Saturday’s events featuring Esther Kolawole and Hannah Ojo, while reviewing earlier performances to improve their chances of more podium finishes. Nigeria is represented by four female wrestlers at the tournament: Mercy Genesis (50kg), Christianah Ogunsanya (53kg), Esther Kolawole (62kg), and Hannah Ojo (76kg).

The Ulaanbaatar Open, the third of four UWW Ranking Series tournaments on the international wrestling calendar, began on June 4 and runs until June 7.

The Issues

  • Utilizing international ranking tournaments to build elite experience for Nigerian wrestlers ahead of global events like the 2028 Summer Olympics.
  • Navigating highly technical scoring criteria and matching the technical superiority of elite global opponents from leading wrestling nations.
  • Funding and facilitating national team travel to far-reaching international competitions to ensure athletes earn vital seeding points.

What’s Being Said

  • Expressing gratitude for the breakthrough medal on Friday, national women’s wrestling coach Purity Akuh stated: “First and foremost, I give thanks to Almighty God for this medal.”
  • Emphasizing what the podium placement signifies for the international status of the national wrestling ecosystem, Akuh noted: “This medal proves that Nigeria can compete with the world’s leading wrestling nations and elite athletes.”
  • Outlining how the technical challenges encountered in Mongolia will be translated into training strategies back home, she added: “Our wrestlers have gained valuable experience from this tournament, and as their coach, I have also learned important lessons. I will take the lessons home to help improve their performance and better prepare them for future competitions, particularly the 2028 Summer Olympics,”
  • Thanking the leadership of the national federation for bankrolling and supporting the technical excursion, the coach concluded: “I will also like to express my sincere appreciation to the President of the Nigeria Wrestling Federation, Adewale Adeniyi, for taking on this responsibility and making our participation possible,”

What’s Next

  • Team Nigeria will shift its operational focus to Saturday’s match schedules involving Esther Kolawole and Hannah Ojo.
  • The technical crew will review tapes from the opening day defeats to correct tactical vulnerabilities before the tournament concludes on June 7.
  • The Nigeria Wrestling Federation will leverage the lessons learned to draft preparation blueprints for upcoming seeding competitions on the international calendar.

Bottom Line

African champion Christianah Ogunsanya has claimed Nigeria’s first bronze medal at the Ulaanbaatar Open in Mongolia by technical criteria, keeping the four-woman national wrestling contingent on track for vital ranking points ahead of the 2028 Olympics.

NRC pledges to prioritize staff welfare despite high diesel costs

Tinubu’s forest guard approval sparks debate on Nigeria’s reactive security strategy

By
Ibe Wada
-

xKey points

  • Presidency approves recruitment of about 1,000 forest guards for Oyo State amid rising insecurity concerns.
  • Critics argue the move reflects a reactive rather than holistic national security strategy.
  • Questions raised over coordination with existing state security outfits like Amotekun and nationwide implementation consistency.

Main story

The recent approval by President Bola Tinubu for the recruitment of approximately 1,000 forest guards in Oyo State has triggered renewed debate on Nigeria’s approach to tackling insecurity.

The decision, reportedly aimed at strengthening forest surveillance and curbing criminal activities in vulnerable areas, has been interpreted by some analysts as a response-driven measure rather than part of a comprehensive national security framework.

While the deployment of additional security personnel is widely acknowledged as necessary, concerns have been raised about the absence of a unified strategy guiding such recruitments across the country. Insecurity continues to affect multiple states including Oyo, Plateau, Kwara, Kogi, Borno, Katsina, Anambra, Niger, Imo, and Sokoto, among others, raising questions about whether similar interventions will be extended nationwide or implemented selectively.

The issues

At the centre of the debate is whether Nigeria’s security response is sufficiently structured and coordinated. Observers argue that ad-hoc approvals risk creating inconsistencies in national security operations, especially if similar requests from other states are handled differently.

There are also concerns about potential overlaps with existing state-backed security initiatives such as the Amotekun Corps in the South-West. Stakeholders question how newly approved forest guards will integrate with or complement existing structures without causing operational duplication or institutional conflict.

Beyond security deployment, critics link the broader insecurity challenge to systemic governance issues, including weak institutional coordination, underinvestment in economic drivers, and limited job creation opportunities for Nigeria’s growing youth population.

What’s being said

Analysts and policy commentators have described the development as indicative of a broader pattern of reactive governance in addressing complex national challenges.

They argue that while immediate security interventions are necessary, they must be embedded within a long-term framework that addresses root causes such as unemployment, poverty, resource management, and regional security coordination.

There is also growing concern about whether federal security approvals are being implemented as part of a standardized national policy or issued in response to situational pressures from individual states.

What’s next

Attention is now shifting to how the approved forest guard initiative will be structured, funded, and coordinated with existing security frameworks.

Stakeholders are calling for clearer policy direction on state-level security collaborations, particularly in relation to regional outfits and federal agencies.

There are also expectations that the federal government may outline a broader national security reform strategy to address recurring concerns about fragmentation and inconsistency in security responses.

Bottom line

While the recruitment of forest guards may provide short-term reinforcement in affected areas, the broader debate underscores a deeper concern: Nigeria’s insecurity challenge may require a more coordinated, long-term, and systemic approach rather than isolated interventions.

Supreme court directs public to verify notarised documents through electronic register

NRC pledges to prioritize staff welfare despite high diesel costs

By
Kehinde Victor
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Over 1,000 Contractors Compete For Nigeria Railway Projects
Over 1,000 Contractors Compete For Nigeria Railway Projects

Key points

  • The Nigerian Railway Corporation (NRC) has pledged to prioritize workforce welfare and establish a safer, friendlier working environment.
  • NRC Managing Director Dr. Kayode Opeifa revealed that high diesel costs have forced the corporation to run at a loss and depend on borrowings to maintain train operations.
  • The corporation announced expansion plans to deploy a speed train from Lagos to Abuja, requiring space for the corridor and modern staff quarters.
  • Plans are underway to construct a new corporate headquarters for the railway corporation at Murtala Muhammed Way in Ebute-Meta, Lagos State.
  • Labor union leaders urged management to expedite the payment of a 95 percent enhancement benefit to railway workers.

Main Story

The Nigerian Railway Corporation (NRC) has pledged to continue prioritising the welfare of its employees while working to create a safer and more supportive work environment.

The Managing Director of the corporation, Dr. Kayode Opeifa, gave the assurance during a town hall meeting held in Lagos, according to a statement issued on Friday. The meeting was attended by members of the two main workers’ unions, the Nigerian Union of Railway Workers (NUR) and the Senior Staff Association.

Opeifa said the dedication of staff has been central to sustaining NRC operations and assured that the corporation would improve workers’ welfare once its financial position strengthens.

He also stated that management would continue engaging with labour unions to resolve all outstanding issues, adding that under his leadership, industrial disputes would be addressed without resorting to strikes. He further directed the Human Resources Department to engage workers directly and resolve concerns promptly.

On infrastructure, Opeifa disclosed that plans are underway to develop a high-speed rail line connecting Lagos and Abuja, noting that the project would require additional land for rail corridors and modern staff housing. He also mentioned plans to build a new, modern headquarters for the NRC along Murtala Muhammed Way in Ebute-Meta, Lagos.

Union leaders, including NUR President Mr. Innocent Ajiji and Senior Staff Association representative Mr. Marcel Okeke, commended the NRC leadership for ongoing reforms. They however urged the management to accelerate the payment of a 95 per cent enhancement benefit owed to workers.

The event also featured the presentation of certificates of excellence and cash awards by the NRC Managing Director to 13 employees recognised for outstanding contributions to the corporation in 2025.

The Issues

  • Managing the severe financial strain caused by soaring diesel costs, which have driven the corporation into operational losses and debt.
  • Resolving grey areas and processing the 95 percent enhancement benefit to maintain strike-free industrial harmony.
  • Securing adequate land and spaces for the new Lagos-Abuja speed train corridor and modern worker quarters.

What’s Being Said

  • Assuring the workforce of welfare commitments while directly highlighting the severe economic pressures facing railway operations, Dr Kayode Opeifa stated: “Let me assure you that the corporation will continue to prioritise your welfare, but you must appreciate our precarious financial position.”
  • Explaining how fuel expenditures are currently impacting the transport network’s baseline balance sheet, Opeifa noted: “The fact is that the cost of diesel alone has almost made it impossible to operate our trains.”
  • Disclosing the unsustainable financial measures required to prevent a total shutdown of the locomotive lines, he added: “We are running at a loss and we had to resort to borrowings to keep our operations,”
  • Outlining the logistical requirements for the proposed interstate rail modernization project, the Managing Director explained: “This requires more spaces not only for construction of the corridor but also for more modern quarters for essential workers.”

What’s Next

  • The Human Resources Department will review and address the outstanding areas of concern raised by the workforce.
  • Management and union representatives will continue discussions to resolve grey areas regarding the 95 percent enhancement benefit.
  • Engineering and planning teams will begin initial workflows for the Ebute-Meta headquarters construction and the Lagos-Abuja speed train corridor.

Bottom Line

The NRC has committed to prioritizing employee welfare and constructing a new Lagos headquarters alongside a future Lagos-Abuja speed train, even as Managing Director Dr. Kayode Opeifa warned that soaring diesel costs have forced the corporation to borrow to sustain its current operations.

Supreme court directs public to verify notarised documents through electronic register

Supreme court directs public to verify notarised documents through electronic register

By
Ibe Wada
-

Key points

  • The Supreme Court of Nigeria has introduced the Electronic Notary Register (ENR) for verification of notarised documents.
  • Banks, embassies, government agencies and private institutions have been advised to verify documents before processing or acceptance.
  • The platform also provides access to certified Notaries Public for remote online notarisation services.

Main story

The Supreme Court of Nigeria has directed banks, embassies, consulates, government agencies, private institutions and members of the public to verify all notarised documents through its newly established Electronic Notary Register (ENR) before accepting or processing them.

The directive was contained in a public notice issued by the Office of the Chief Registrar of the Supreme Court.

According to the notice, the Electronic Notary Register, accessible through the official platform, serves as the authorised portal for verifying notarised documents and identifying duly certified Notaries Public across the country.

The Supreme Court stated that the initiative is aimed at strengthening the integrity, authenticity and reliability of notarised documents used for official, regulatory, commercial and administrative purposes.

Under the new arrangement, institutions and individuals are expected to confirm the validity of notarised documents through the electronic platform before relying on them for any transaction or official process.

The Court also noted that the platform provides access to certified Notaries Public authorised to conduct Remote Online Notarisation and other notarial services in accordance with existing laws and regulations.

The move is expected to improve transparency, reduce document fraud and enhance confidence in Nigeria’s notarial system.

The Chief Registrar urged all stakeholders to comply with the directive and utilise the platform for verification and related notarial services.

The issues

Document fraud and the use of improperly notarised documents have remained concerns for financial institutions, diplomatic missions, government agencies and businesses. The absence of a central verification mechanism has often made it difficult to confirm the authenticity of notarised documents.

What’s being said

The Supreme Court says the Electronic Notary Register will serve as the official and reliable platform for verifying notarised documents and accessing certified notarial services, thereby strengthening public trust in the notarial process.

WHAT’S NEXT

Institutions are expected to integrate the verification process into their document authentication procedures, while individuals seeking notarial services can access certified Notaries Public through the electronic platform.

Bottom line

The introduction of the Electronic Notary Register marks a significant step towards modernising Nigeria’s notarial system, improving document verification processes and curbing the use of fraudulent notarised documents.

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