Home Blog Page 188

Ballon d’Or 2025: The Contenders Leading Football’s Most Coveted Race

Full List: 2023 Balloon d'Or 2023 Male Nominees

A new chapter in world football’s most prestigious individual race appears to be unfolding, as Rodri’s 2024 Ballon d’Or win symbolically closes the era dominated by Lionel Messi and Cristiano Ronaldo.

The Manchester City star’s crowning moment last year — after guiding both club and country to major triumphs — represented a seismic shift in the sport’s landscape. However, with an ACL injury derailing Rodri’s 2024/25 campaign, the field has opened up wide for fresh contenders.

Unlike previous editions, this year’s Ballon d’Or will be awarded based on seasonal, not calendar-year, performances — a system implemented for only the third time in the award’s history. As the October gala nears, standout performances, trophy hauls, and consistency across domestic and European stages have defined the top 20 frontrunners.

Ranking Methodology

Our ranking is grounded in several key metrics:

  • Goal involvements (goals + assists)
  • Defensive statistics and clean sheets (where applicable)
  • Silverware won or challenged for
  • Influence in major fixtures
  • Overall form across the 2024/25 campaign

2025 Ballon d’Or Power Rankings (Top 20)

RankPlayerClubCountryPosition
1Ousmane DembeleParis Saint-GermainFranceForward
2Lamine YamalBarcelonaSpainForward
3RaphinhaBarcelonaBrazilForward
4Mohamed SalahLiverpoolEgyptForward
5Desire DoueParis Saint-GermainFranceForward
6Khvicha KvaratskheliaParis Saint-GermainGeorgiaForward
7VitinhaParis Saint-GermainPortugalMidfielder
8Kylian MbappeReal MadridFranceForward
9Lautaro MartinezInter MilanArgentinaForward
10PedriBarcelonaSpainMidfielder
11Achraf HakimiParis Saint-GermainMoroccoDefender
12Gianluigi DonnarummaParis Saint-GermainItalyGoalkeeper
13Harry KaneBayern MunichEnglandForward
14Robert LewandowskiBarcelonaPolandForward
15Vinicius JrReal MadridBrazilForward
16Alessandro BastoniInter MilanItalyDefender
17Virgil van DijkLiverpoolNetherlandsDefender
18Cole PalmerChelseaEnglandForward
19Bukayo SakaArsenalEnglandForward
20Declan RiceArsenalEnglandMidfielder

Pedri – The Metronome of Barcelona

Regarded as a modern fusion of Xavi and Iniesta, Pedri continues to orchestrate Barcelona’s midfield with quiet brilliance. Although not one to dominate headlines with stats, his engine-room role has powered Hansi Flick’s side to key victories, including a memorable Copa del Rey win over archrivals Real Madrid. In 59 appearances, Pedri has scored six times and assisted eight — a return underscoring his cerebral influence rather than direct output.

Lautaro Martinez – The Argentine Leader at Inter

Lautaro Martinez spearheaded Inter Milan’s return to Europe’s elite, contributing 22 goals and seven assists across 49 matches. After a slow start, the 27-year-old exploded into form, especially in the knockout rounds of the Champions League. Though Inter fell short of European glory, their run — and his pivotal role in it — has cemented his status as a Ballon d’Or contender once again.

Kylian Mbappe – Madrid’s Main Attraction

Kylian Mbappe’s transition to Real Madrid has only bolstered his long-standing status as a generational talent. With 42 goals and four assists in 55 games, the Frenchman captured the European Golden Shoe and played a central role in Madrid’s domestic campaign. A Clasico hat-trick and positional adaptability highlighted a season where he looked more complete than ever — even if continental silverware eluded him.

Vitinha – PSG’s Quiet Conductor

Vitinha may not receive the fanfare that accompanies PSG’s attacking stars, but his contributions in midfield have been indispensable. His intelligence in possession, vision under pressure, and tactical maturity provided balance during PSG’s Champions League-winning campaign. He registered seven goals and three assists in 52 matches — but his true impact lies beyond numbers.

Khvicha Kvaratskhelia – Speed and Skill in Abundance

PSG’s January coup of Khvicha Kvaratskhelia was a clear statement of intent. The Georgian winger dazzled down the flank, scoring seven goals and providing six assists in just 25 appearances. Known for his electric pace and dual-footed ability, Kvaratskhelia transformed PSG’s attack and tormented defenders across Europe.

Desire Doue – PSG’s New French Star

Still only 19, Desire Doue stunned the football world with a show-stopping performance in the Champions League final, notching two goals and an assist. In total, the dynamic winger tallied 13 goals and 15 assists in 53 games, emerging as one of Europe’s brightest young stars. His creativity and flair were instrumental in PSG’s domestic and continental dominance.

Mohamed Salah – Timeless Excellence at Anfield

Despite managerial changes and advancing years, Mohamed Salah delivered yet another elite campaign. With 34 goals and 23 assists in 52 games, he became the first player since Messi (2014–15) to score and assist in 10 different league games across Europe’s top five leagues. His efforts helped Liverpool reclaim the Premier League title, though an early Champions League exit might hinder his Ballon d’Or bid.

Raphinha – Barcelona’s Brazilian Powerhouse

Once doubted after his high-profile move from Leeds, Raphinha has emphatically proven his worth under Flick. Scoring 34 goals and laying on 25 assists in 57 appearances, the Brazilian attacker was instrumental in Barca’s La Liga title-winning campaign. Although Champions League success evaded them, his decisive displays — including a brace against Real Madrid — kept his name firmly in the Ballon d’Or mix.

Lamine Yamal – The Teen Phenomenon

Already a European champion with Spain and a two-time La Liga winner with Barcelona by age 17, Lamine Yamal is rewriting the rulebook. He scored 18 goals and delivered 25 assists in 55 games, including crucial strikes in Clasico fixtures and European showdowns. If he wins, he would be the youngest Ballon d’Or recipient ever — and few would argue it’s undeserved.

Ousmane Dembele – PSG’s Resurgent Star

Ousmane Dembele has enjoyed a stunning renaissance in Paris. After struggling at Barcelona, his move to PSG unlocked the potential that once made him a generational prospect. In 49 matches, he struck 33 times and contributed 13 assists — including vital goals in the Champions League knockout stages. As PSG lifted the continental crown, Dembele was the standout, and for now, he leads the 2025 Ballon d’Or race.

Statistics Source: Transfermarkt (as of 31/05/2025)

Happy New Month Messages June 2025: Embrace The New Month With Heartfelt Messages And Prayers”

Happy New Month July Messages

As the calendar turns to June, individuals across Nigeria and beyond are seeking meaningful ways to convey their best wishes to loved ones. Recognizing this heartfelt tradition, a curated collection of messages has been compiled to inspire and uplift during this new month.

Spiritual Blessings for the Month

For those who find solace in faith, sending prayers at the start of a new month is a cherished practice. These messages serve as a reminder of divine guidance and protection:

  • “May this June usher in peace, prosperity, and divine favor in all your endeavors.”
  • “As the new month begins, may your heart be filled with hope and your path illuminated by grace.”

Expressions for Friends and Family

Strengthening bonds with friends and family is paramount. Sharing thoughtful messages can reinforce these connections

  • “Wishing you a month filled with laughter, love, and memorable moments.”
  • “May June bring new opportunities and cherished memories with those you hold dear.”

Romantic Notes for Loved Ones

For those in romantic relationships, expressing affection through words can deepen intimacy:

  • “Every new month is another chapter in our love story; let’s make June unforgettable.”
  • “With you by my side, every month feels like a blessing. Here’s to us and the adventures June holds.”

Inspirational Quotes to Motivate

Sometimes, a well-placed quote can inspire and motivate:

  • “New month, new mindset, new focus, new start, new intentions, new results.”
  • “Let this month be a stepping stone to your dreams and aspirations.”r

Professional Greetings for Colleagues and Clients

In the professional realm, sending well-wishes can foster goodwill and strengthen relationships:

  • “Wishing you a productive and successful June. May this month bring growth and achievement.”
  • “As we step into June, may our collaboration continue to thrive and yield fruitful results.”

Conclusion

Embracing the new month with positive messages can set the tone for the days ahead. Whether through prayers, affectionate notes, or motivational quotes, taking a moment to reach out can make a significant impact. As June unfolds, let these messages serve as a source of inspiration and connection.

Paris Saint-Germain Clinches First UEFA Champions League Title With 5-0 Triumph Over Inter Milan

Paris Saint-Germain (PSG) achieved a monumental milestone on Saturday, May 31, 2025, by securing their inaugural UEFA Champions League title with a commanding 5-0 victory against Inter Milan at Munich’s Allianz Arena. This decisive win marks the most significant margin in the history of the European Cup and Champions League finals, surpassing the previous record set in 1994.

Under the guidance of head coach Luis Enrique, PSG’s youthful squad delivered an exceptional performance. Nineteen-year-old Désiré Doué emerged as the standout player, netting two goals and providing an assist, becoming the youngest individual to achieve such a feat in a Champions League final. Additional goals from Achraf Hakimi, Khvicha Kvaratskhelia, and substitute Senny Mayulu solidified PSG’s dominance throughout the match.

This victory not only signifies PSG’s first European Cup triumph but also completes a continental treble for the club, having already secured the Ligue 1 and Coupe de France titles this season. Luis Enrique’s leadership has been pivotal, making him the second manager after Pep Guardiola to achieve a treble with two different clubs.

The match commenced with an early goal from Hakimi in the 12th minute, setting the tone for PSG’s offensive onslaught. Doué’s first goal came in the 20th minute, followed by his second just after the hour mark. Kvaratskhelia and Mayulu added to the tally, ensuring a comprehensive victory.

Inter Milan struggled to find their footing throughout the game, unable to counter PSG’s relentless attack. This defeat marks Inter’s second Champions League final loss in three years under coach Simone Inzaghi, leaving the team without a major trophy this season.

In the aftermath, celebrations erupted across Paris, though some areas experienced unrest, leading to arrests and injuries. Despite these incidents, the victory stands as a testament to PSG’s strategic rebuilding and commitment to nurturing young talent, signaling a new era of success for the club.

Reps Issue 24-Hour Ultimatum To WAEC Over Examination Irregularities

The House of Representatives Committee on Basic Education and Examination Bodies has issued a 24-hour ultimatum to the West African Examinations Council (WAEC), demanding its appearance before the panel on Friday, May 30, 2025, to address widespread concerns over the ongoing West African Senior School Certificate Examination (WASSCE).

Chairman of the Committee, Hon. Oboku Oforji, issued the directive on Thursday, following WAEC’s failure to honour an earlier invitation to explain the mounting irregularities plaguing the nationwide examination.

According to Hon. Oforji, WAEC was initially summoned on Tuesday, May 27, to clarify various disruptions reportedly affecting the credibility and smooth conduct of the exams across several centres in the country. He expressed disappointment that the Council failed to appear before the Committee during the scheduled hearing on Thursday, May 29.

“The examinations have been riddled with serious irregularities. We’ve received disturbing reports of students sitting for papers as late as midnight in some centres,” Oforji stated.

He criticised WAEC’s excuse that it could not appear before the Committee due to its involvement in the ongoing exams, describing it as ironic and unacceptable.

“This is exactly why we need WAEC to appear—because of the chaos these ongoing exams are causing. It is not just about administrative failure; it is about the trauma and confusion being inflicted on young candidates,” he added.

The lawmaker stressed that the Committee’s intent is not to antagonise the examination body but to uncover the root causes of the crisis, ease public anxiety, and prevent future occurrences.

“WAEC has conducted examinations for decades, but the scale of disorganisation we are witnessing now is unprecedented. Something is clearly wrong and must be urgently addressed,” he said.

Oforji warned that failure to appear on Friday would leave the House with no option but to invoke its constitutional powers to compel compliance.

“We expect WAEC to appear unfailingly. If not, we will be forced to take appropriate legislative actions as empowered by the Constitution,” he declared.

Interswitch And Patients Know Best (PKB) To Boost Lagos Smart Health Information Platform

Revolutionizing Tax Collection: Interswitch Leads Digital Charge At Nigerian Revenue Summit

As part of efforts to boost the Lagos Smart Health Information Platform (SHIP) initiative, Interswitch’s Digital Health Platform (DHP) has partnered with Patients Know Best (PKB), a leading provider of personal health record (PHR) solutions, to further enhance digital healthcare infrastructure in Lagos State.

This collaboration marks a significant milestone in advancing digital healthcare infrastructure in Lagos State. Through this partnership, PKB’s cutting-edge PHR system will integrate with Interswitch’s DHP to establish a robust Health Information Exchange (HIE) system that drives digital transformation in healthcare while adhering to global Fast Healthcare Interoperability Resources (FHIR) standards.

This integration will also create a secure, patient-focused digital health record system that enables healthcare providers across Lagos State to seamlessly access and share patient information. This advancement will improve care coordination, enhance health outcomes, and drive greater efficiency in healthcare delivery across the state.

Olufemi Olapegba, Managing Director for Digital Health Platforms at Interswitch , commented on the partnership, saying:

“Interswitch’s collaboration with PKB underlines our broader commitment to driving digital transformation across critical sectors in Nigeria, including healthcare. By leveraging cutting-edge technology to streamline healthcare information exchange, we are building an integrated platform that enhances service delivery, improves patient outcomes, and redefines healthcare access in Nigeria and beyond.”

Mohammad Al-Ubaydli, Chief Executive Officer, Patients Know Best, added:

“We are excited to partner with Interswitch to introduce a transformative health information system in Lagos. Our secure, patient-centric platform empowers individuals with greater control over their health data while ensuring healthcare providers have real-time access to critical patient information. This partnership paves the way for a more efficient, connected, and responsive healthcare ecosystem.”

By facilitating secure and efficient data exchange, the platform will provide healthcare providers with real-time access to comprehensive patient records, leading to more informed decision-making and better-coordinated care. Patients, in turn, will have unprecedented control over their personal health information, allowing them to actively participate in their healthcare journey and make well-informed decisions about their well-being.

Healthcare providers will benefit from streamlined clinical workflows, reducing the administrative burden and allowing more time for patient care. The integration of services across Lagos state’s healthcare network will create a more cohesive and efficient healthcare ecosystem, breaking down traditional silos between different healthcare facilities and specialists. Furthermore, the platform’s compliance with international healthcare data standards ensures that the system meets global best practices for data security and healthcare information management.

As digital healthcare continues to evolve, this collaboration between Interswitch and Patients Know Best represents a significant step toward a more technology-driven healthcare system in Lagos. By leveraging innovation to enhance health information exchange, the partnership is paving the way for a connected, data-driven healthcare ecosystem that prioritises efficiency, security, and improved patient outcomes. Together, Interswitch and PKB are setting a new standard for healthcare delivery in Nigeria and beyond.

Orange Corners Nigeria Secures Financial Sponsorship From Stanbic IBTC

Orange Corners Nigeria (OCN), an initiative of the Kingdom of the Netherlands, implemented by FATE Foundation, welcomed Stanbic IBTC, a leading financial services provider in Nigeria, as a private partner. This partnership marks a significant milestone in the programme’s mission to support young entrepreneurs in Nigeria with the skills, knowledge, and support they need to create sustainable economic opportunities within their communities and to build a thriving entrepreneurial ecosystem in Nigeria.

OCN was launched in Nigeria in 2019 with the support of the Consulate General of the Kingdom of Netherlands in Lagos. The model in Nigeria is a Business Incubator, an innovation fund, and a student ambassador programme. OCN’s vision is to contribute to a thriving entrepreneurial ecosystem, by providing economic opportunities, skills, and the right networks for youth with innovative business ideas.

Michel Deelen, Consul General, Kingdom of the Netherlands, said while giving his welcome address, ’’Orange Corners is the expression of our belief in the youth of Nigeria. From inception the plan was to do this together with the private sector and we are very pleased to have found a partner in Stanbic IBTC”

The official partnership commemoration ceremony took place on Friday, May 16, 2025, at the Embassy of the Netherlands in Victoria Island, Lagos Nigeria. “We’re excited to partner with Stanbic IBTC to advance Orange Corners Nigeria’s mission of fostering a thriving entrepreneurial ecosystem, where young people can turn their innovative ideas into successful businesses. This partnership will enable us to provide more comprehensive support, mentorship, and opportunities for growth, ultimately driving innovation and job creation in Nigeria.” Adenike Adeyemi, Executive Director, FATE Foundation said at the ceremony.

In attendance were Michel Deelen, Consul General, Kingdom of the Netherlands; Jurriaan Middelholf, Ambassador for Youth, Education & Employment, Ministry of Foreign Affairs, Netherlands, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank; Adenike Adeyemi, Executive Director, FATE Foundation, Sonia Onovughakpo Fajusigbe, Economic Policy Adviser & Business Developer Entrepreneurship, Youth Employment and Healthcare of the Consulate General of the Kingdom of the Netherlands, Lagos Bambo Adebowale, Dean & Director, The FATE School; Tosin Leye- Odeyemi. Head Sustainability, Risk and Capital Management, Stanbic IBTC Holdings, Great Ukazim, Program Manager, Orange Corners Nigeria; and a few staff members of Stanbic IBTC and FATE Foundation.

Mr Wole Adeniyi, Chief Executive, Stanbic IBTC Bank stated “We are going to help catalyse more entrepreneurs and also help the youth. It goes with what we are doing with SME businesses, we are going to be able to scale more, empower them more, and also provide access to financing that will help to support the economy.”

At the ceremony, some  current OCN cohort incubatees and alumni members had the opportunity to speak about their businesses,  the positive impact that the OCN programme has had on them and their businesses, and the challenges that they are experiencing as aspiring entrepreneurs.

FATE Foundation is Nigeria’s foremost enterprise development organisation that seeks to harness the strong entrepreneurial culture of Nigerians by providing aspiring entrepreneurs with business incubation, growth, and accelerator support required to fully explore their innovative potential, to start, grow and scale their businesses with the mission to foster wealth creation by promoting businesses and entrepreneurial development among Nigerians.

Interswitch Group Founder, Mitchell Elegbe Rejoins Global Jury For Prestigious EY World Entrepreneur of the Year Awards Grand Finale In Monaco

Mitchell Elegbe, Founder and Group Managing Director/CEO of Interswitch Group has been re-appointed as the only entrepreneur from Africa into the global jury of the 2025 Ernst & Young (EY) World Entrepreneur of The Year Awards, which takes place annually in June in Monte Carlo, Monaco, for the second year running, following his inaugural jury duties at the 2024 awards.

According to EY, the World Entrepreneur of the Year Hall of Fame is an elite corps of men and women who have been recognized for their exceptional entrepreneurial achievements. For 38 years, since 1986, EY has been celebrating ingenuity through the Entrepreneur of the Year program. “The program has recognized more than 10,000 outstanding entrepreneurs for their vision, innovation, courage, and leadership in building and growing successful businesses — businesses that influence the way people live, the products and services we depend on, and the economic vibrancy of our local communities and global markets.”

In June 2023, Elegbe, alongside 48 other accomplished entrepreneurs from 45 countries across the world were inducted into the 2023 WEOY Hall of Fame With Interswitch’s Elegbe holding the unique distinction of being the only black and African global finalist and inductee into the coveted hall of fame, as well as the only entrepreneur in the 38-year history of the awards to have won in both the emerging and master categories at various times in their region (West Africa).

For the 2025 edition, Elegbe has been re-invited by EY’s global leadership to join the global jury being 1 of 8 former finalists who form the judging committee for the 2025 global awards of the initiative, holding between 3-6 June 2025 in Monte Carlo, Monaco. The 2025 jury is made up of accomplished entrepreneurs drawn from Australia, Brazil, Japan, Nigeria (Elegbe), Poland, Singapore, The United Kingdom, The USA and South Korea.

Elegbe is widely regarded as one of the pivotal architects of Nigeria’s payment innovation revolution and has gained acclaim globally for his contributions as an exceptional African entrepreneur, who has contributed in no small measure to the economic development of Nigeria and Africa as a whole, having distinguished himself in business leadership and technology development.

A multiple award-winning professional and a renowned business leader in the Information Technology and Financial Services industry, he has won several awards, some of which include Harvard Business School Association (Nigeria) Leadership Award in the General Management Category; African Banker Awards 2019 as the African Banker Icon; CNBC/Forbes All African Business Leader (AABLA) Awards for West Africa as well as Financial Technology (Fintech) Africa Awards, Payments and Transfer category in 2016, among other deserving recognitions. He is also a Bishop Desmond Tutu Fellow of the African Leadership Institute, an Endeavor Entrepreneur and also a member of the Board of Endeavor in Nigeria.

Mitchell Elegbe founded Interswitch in 2002 to provide a solution to problems associated with payments in Nigeria and has since led the company to consolidated growth as a leading payment and digital commerce company that helps to build and manage payment infrastructure and provides robust technology-based solutions to individuals, financial institutions, and governments across Africa.

See the full list and profiles of the 2025 Jury Members for the EY World Entrepreneur Of The Year Awards here https://www.ey.com/en_gl/weoy/judges

InterswitchSPAK 7.0 Offering Over ₦30 Million In Scholarships – Registrations On Until June 7.

Registrations have continued to pour in for the 7th edition of InterswitchSPAK, the prestigious National Science Competition powered by Interswitch, one of Africa’s leading integrated payments and digital commerce companies.

The competition is designed to spotlight academic excellence and spark innovation among African students, equipping students with the skills to tackle real-world problems, while nurturing a passion for STEM skills that are critical to Africa’s future.

InterswitchSPAK sports a multi-stage format, beginning with a series of qualifying examinations, followed by an engaging TV quiz show featuring the top 81 students. This approach ensures a comprehensive evaluation of participants’ knowledge and skills while delivering an exciting experience for viewers.

This year, the stakes are higher. With a scholarship pool of over N30 million, the overall winner will take home a N15 million tertiary scholarship spread over five years, a laptop, and monthly stipends.

The first runner-up will be awarded a N10 million scholarship spread over three years and a laptop, while the second runner-up will earn a N5 million scholarship for one year along with a laptop. Additional cash prizes will be awarded to 4th to 9th place winners, the top 18 semi-finalists, and the top 27 teachers who demonstrate exceptional dedication to mentoring their students.

Speaking on the initiative, Cherry Eromosele, Executive Vice President and Group Chief Marketing and Corporate Communications, Interswitch Group said,

“InterswitchSPAK continues to be a powerful platform for discovering and nurturing Africa’s future innovators. Through this competition, we’re doing more than awarding scholarships; we’re igniting a movement of critical thinkers and changemakers who will lead the continent into a new era of technological and socio-economic transformation.”

Since its inception in 2017, InterswitchSPAK has inspired thousands of young Africans to dream big in the fields of science and technology. As the 7th edition unfolds, it remains a beacon of opportunity and a key driver of talent development across the continent.

Secondary schools across Nigeria can register their Year 11 students (aged 14-17) for the competition at https://www.interswitchspak.com/. Registration ends on June 7th, 2025. Interested participants are encouraged to stay informed through the official website and Interswitch’s social media channels for updates on the registration process.

Wike Announces Major Reforms In FCT Transportation Sector

The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has announced that comprehensive reforms are underway to enhance safety, efficiency, and comfort in the FCT’s transportation sector. Wike disclosed this on Friday in Abuja during an inspection tour of the newly completed Kugbo and Mabushi Bus and Taxi Terminals. The terminals are set to be inaugurated as part of activities marking President Bola Tinubu’s second year in office.

The minister also inspected the completed access road to Giri District, which is ready for commissioning.

“There will be significant reforms in the FCT transport sector,” Wike stated. “A committee is already working on the modalities, and the reforms will be unveiled before the inauguration of the bus and taxi terminals.”

He emphasized that the reforms would include regulatory measures to enhance security and accountability in the taxi business.

“As part of our security measures, we must identify those involved in the taxi business, determine the appropriate colour codes, and ensure proper registration. This way, in case of any incident, it will be easier to trace and identify those involved,” Wike explained.

He also revealed plans to dismantle several roadside motor parks to decongest roads and improve traffic flow.

On the quality of work at the terminals, the minister expressed satisfaction, though he noted a few areas requiring correction. He commended the contractor for a job well done and reiterated his administration’s commitment to supporting local contractors who deliver quality projects.

The Kugbo, Mabushi, and Central Area Bus and Taxi Terminals are part of ongoing efforts to transform the FCT’s public transportation infrastructure. While the Kugbo and Mabushi terminals are complete and ready for use, construction is still ongoing at the Central Area terminal.

Wike further disclosed that two new terminals would be constructed—one each in Bwari and Gwagwalada—to expand transportation access across the territory.

Banking Stocks Lead Decline As Profit-Taking Drags NGX Lower

NGX Records N60bn Trading

Weak investor sentiment and widespread profit-taking in the banking sector are weighing on the Nigerian equities market, with major banking stocks like Access Holdings, First Bank Holdings (First Holdco), GTCO, and Fidelity Bank recording negative price movements.

Trading opened on a bearish note Friday, as investors continued to cash in on recent gains following a strong rally earlier in the week. The shift in buying appetite has triggered sell-offs across both tier-1 banks and smaller lenders.

Stocks of Wema Bank, Sterling Bank, and Jaiz Bank Plc declined as investors reduced their exposure. Negative sentiment also extended beyond the banking sector, with International Breweries and United Capital Plc among the laggards during the intraday session.

The Nigerian Exchange (NGX) All-Share Index trended lower in midday trading, reflecting cautious investor behavior and portfolio rebalancing amid expectations of a near-term market correction.

Alpha Morgan Capital, in a midday market update, reported that the NGX All-Share Index posted a -0.08% decline, attributed mainly to sell-offs in mid- to large-cap stocks.

Key decliners as of midday included:

  • Wema Bank (-1.88%)
  • Sterling Bank (-1.74%)
  • GTCO (-1.52%)
  • Jaiz Bank (-1.23%)
  • United Capital (UCAP) (-1.04%)
  • International Breweries (INTBREW) (-1.02%)
  • First Bank Holdings (FIRSTHOLDCO) (-0.98%)
  • Access Holdings (ACCESSCORP) (-0.91%)
  • Oando Plc (-0.83%)
  • Fidelity Bank (-0.26%)

The downturn signals a broader investor retreat from risk, as traders anticipate heightened volatility and possible market corrections in the near term.

Cakasa Ebenezer Foundation Celebrates Children’s Day 2025 With Joy, Learning, And A Call To End Bullying

The spirit of joy and advocacy filled the air as the Cakasa Ebenezer Foundation (CEF) marked the 2025 Children’s Day with a vibrant two-day celebration held from May 29–30 across selected schools in Mushin Local Government Area, Lagos.

The event brought together children from six primary schools in the community, creating a powerful atmosphere of unity, fun, and empowerment under the inspiring theme: “Stand Up, Speak Up: Building a Bullying-Free Generation.”

The celebration hosted New City Primary School; Palm Avenue Primary School; Oduduwa Primary School; Estate Primary School; Papa Ajao Primary School; and Alaba Primary School – schools that have become familiar homes for CEF’s annual outreach over the years.

In her heartfelt keynote speech, Helen Egbe, Executive Director of CEF, welcomed children, teachers, parents, and community guests with warmth and vision.

“Today, we gather to honour you our vibrant, talented, and resilient children who embody the promise and potential of our great nation,” she said.

“This year’s theme resonates deeply with our mission at CEF. We believe that every child deserves a safe, nurturing environment where they can learn, play, and grow without fear.”

Mrs. Egbe called on children to speak up when faced with intimidation or bullying, encouraging them to reach out to trusted adults and reminding them that their voices matter.

“Together, we can create a world where every child feels safe and valued,” she added.

The event opened with a welcome address by Mrs. Rachel Babatunde, Head Teacher of New City Primary School, who expressed deep gratitude to CEF on behalf of all participating schools.

“We are thankful for the love and consistent support shown by the Cakasa Ebenezer Foundation. Our pupils look forward to this celebration each year with joy and excitement.”

The two-day program was filled with educational, recreational, and awareness-building activities aimed at instilling confidence in the children, educating them about the dangers of bullying, and helping them understand the importance of kindness, respect, and community.

From storytelling and role-playing activities to music, games, and motivational talks, every moment was designed to nourish the hearts and minds of the children. Pupils participated actively, learning in fun and creative ways how to become agents of positive change in their schools and neighborhoods.

The 2025 Children’s Day celebration builds on CEF’s long-standing tradition of impactful, community-centered initiatives. In 2023, the foundation hosted a two-day program in Mushin providing educational materials and stimulating activities. In 2024, the celebration extended to pupils of News City, Papa Ajao, and Alaba Primary Schools, highlighting the uniqueness and greatness in every child.

Throughout the 2025 event, the atmosphere was festive yet purposeful, as volunteers and teachers engaged the children in conversations about empathy, kindness, courage, and resilience.

Incorporated in 2014, CEF was born out of the Spirit-inspired vision of Engr. Philip Balami Yaro, Managing Director of Cakasa Nigeria Company (CNC), to be a stairway of support for the weak and vulnerable in society. As the CSR arm of Cakasa Nigeria Company, CEF has dedicated itself to initiatives that uplift communities through compassion, education, and inclusive growth.

PalmPay Launches CSR Initiatives To Empower Women And Foster Financial Literacy In Northern Nigeria

In a strategic move to expand financial inclusion in Nigeria, leading mobile banking platform, PalmPay has launched a series of CSR programs across Kano and Kaduna. The CSR initiative named “Passing the Baton” represents the brand’s commitment to passing on knowledge and providing the resources individuals and businesses need to achieve financial independence and drive economic empowerment.

This initiative is a bold move by PalmPay to bridge the opportunity gap in the North by providing financial literacy training and micro-business branding support to 5,000 women-owned businesses in Kano and Kaduna. This strategic initiative reaffirms PalmPay’s commitment to inclusive development and economic empowerment, particularly in underserved regions.

“At PalmPay, we believe that real financial inclusion must be far reaching and cover the grassroots,” said Chika Nwosu, Managing Director of PalmPay. “Our new CSR program is focused on supporting gender equity by equipping women with the knowledge, tools, and visibility they need to thrive as entrepreneurs in their communities.”

Through this initiative, beneficiaries will receive free health insurance, hands-on training workshops, enhanced store branding to boost visibility, and branded merchandise to strengthen their business presence.

The initiative is part of PalmPay’s broader strategy to extend its innovative solutions, expand its footprint in Northern Nigeria, while building sustainable partnerships with local stakeholders for long-term impact.

In a show of support, His Royal Highness, the Emir of Kano, Dr. Muhammadu Sanusi II, has endorsed the initiative, calling on other stakeholders to join forces with PalmPay in ensuring the North benefits fully from the growing digital economy.  PalmPay has received commendation from community stakeholders, as the initiative aims to serve as a model for similar projects across other northern states.

As PalmPay continues to scale across Nigeria, the company remains committed to bridging the financial inclusion gap and empowering underserved groups, particularly women and youth, through its innovative solutions and impact initiatives.

France To Enforce Ban On Smoking In Public Areas From July 1

Beginning July 1, 2025, France will implement a ban on smoking in outdoor public spaces where children are likely to be present. The restriction will apply to locations such as beaches, public parks, bus stops, school entrances, and sports arenas.

Health and Family Minister, Catherine Vautrin, announced the new measure on Thursday, May 29, emphasising the government’s commitment to safeguarding children from second-hand smoke.

“Tobacco must disappear where there are children, The freedom to smoke stops where children’s right to breathe clean air starts.” Vautrin told Ouest-France.

Under the new regulation, students will also be prohibited from smoking in front of schools. Violators risk a fine of up to €135 ($154).

However, the ban does not extend to electronic cigarettes or France’s renowned outdoor café terraces.

France already enforces smoking restrictions in several public spaces, including workplaces, airports, train stations, and playgrounds. Health advocates and anti-smoking organisations have consistently called for more comprehensive legislation to curb tobacco use in public.

According to the World Health Organisation, approximately 35 per cent of the French population smokes—significantly higher than the European average of 25 per cent and the global average of 21 per cent.

Trent Alexander-Arnold Signs Six-Year Contract With Real Madrid In Stunning Transfer Move

In a move that has sent shockwaves through the footballing world, English right-back Trent Alexander-Arnold has officially completed a high-profile transfer to Spanish giants Real Madrid, committing to a six-year deal with the La Liga club.

The former Liverpool star, long considered one of the most dynamic full-backs in the modern game, is now set to begin a new chapter in his career under the bright lights of the Santiago Bernabéu. Sources close to the negotiations confirmed that Real Madrid had been in talks with the player and his representatives for several weeks, with the deal finally sealed following a breakthrough in discussions.

Alexander-Arnold, who rose through the ranks of Liverpool’s academy, made his senior debut in 2016 and has since become an integral part of both club and country. Known for his precise passing, technical ability, and unmatched vision from the right flank, the 25-year-old has amassed an impressive collection of trophies including the Premier League, UEFA Champions League, FA Cup, and FIFA Club World Cup.

His switch to Real Madrid represents not just a new professional challenge but also a significant acquisition for the Spanish club, which has been investing heavily in rejuvenating its squad with young, world-class talents.

“I’ve spent some of the best years of my life at Liverpool, and I’ll always be grateful for everything the club has done for me,” Alexander-Arnold said in a farewell message to Liverpool fans. “But the time has come for a new challenge, and Real Madrid is the perfect place for me to grow and push myself further.”

Madrid’s head coach is believed to be a key figure in securing the deal, having personally expressed admiration for Alexander-Arnold’s unique skill set and versatility. The player is expected to undergo his official presentation in Madrid next week.

The transfer fee has not been officially disclosed, but reports suggest it could be one of the most lucrative deals involving a defender in recent history. Alexander-Arnold will join a star-studded Real Madrid lineup already boasting talents such as Jude Bellingham, Vinícius Jr., and Eduardo Camavinga, adding even more depth and creativity to the squad.

Liverpool, meanwhile, will now look to the transfer market to find a suitable replacement as the club seeks to maintain its competitiveness both domestically and in Europe.

This transfer marks a significant moment in modern football history, signaling Real Madrid’s continued dominance in attracting world-class talent while highlighting the ever-changing dynamics of elite European football.

WAEC Faces Intense Scrutiny Over Examination Irregularities And Late-Night Testing

The West African Examinations Council (WAEC) is under significant pressure following widespread disruptions during the 2025 West African Senior School Certificate Examination (WASSCE). Reports have surfaced of students being compelled to sit for exams late into the night, with some instances of candidates using flashlights to complete their papers. These events have sparked national outrage and prompted swift action from the House of Representatives.

On May 28, 2025, the English Language examination, a core subject for secondary school students, experienced substantial delays across various centers in Nigeria. In numerous locations, the test commenced hours behind schedule, forcing students to write their exams under inadequate lighting conditions. Images circulating online depict students using flashlights to illuminate their answer sheets, highlighting the severity of the situation.

In response to the public outcry, the House of Representatives Committee on Basic Education and Examination Bodies summoned WAEC officials to address the irregularities. Chairman Oboku Abonsizibe Oforji expressed deep concern over the council’s failure to appear before the committee on May 27, labeling the absence as unacceptable given the gravity of the issues at hand.

“The examinations have been riddled with serious irregularities. We’ve received reports of students writing exams as late as midnight in some centers across the country,” Oforji stated. He emphasized the need for WAEC to provide explanations for the widespread complaints and the trauma candidates are currently facing.

WAEC has attributed the delays to enhanced measures aimed at curbing examination malpractice. The council’s focus on preventing question leaks inadvertently led to logistical setbacks, disrupting the smooth administration of the exams. Despite these challenges, WAEC has maintained that its primary goal is to uphold the integrity of the examination process.

The situation has reignited discussions about the persistent issue of examination malpractice in Nigeria. In 2023, WAEC reported the arrest of over 20 school officials for allegedly aiding and abetting malpractice during examinations. The council has consistently emphasized the detrimental impact of such practices on the nation’s educational standards and has called for collective efforts to address the problem.

As the 2025 WASSCE continues, stakeholders are urging WAEC to implement more effective strategies to prevent future disruptions. The House of Representatives has given the council a 24-hour ultimatum to appear before the committee and provide comprehensive explanations for the recent irregularities. Failure to comply may result in the invocation of constitutional powers to address the situation.

The unfolding events underscore the urgent need for systemic reforms within Nigeria’s examination bodies to ensure that students can undertake their assessments in a fair and conducive environment.

Equity Market Suffers N53bn Decline As Seplat, Oando, GTCO Lead Downturn

Stock Exchange Closes Trading Week With N30bn Gain

The Nigerian stock market witnessed a setback on Thursday, shedding over ₦53 billion in market value amid selloffs in key blue-chip stocks including Seplat Energy, Oando, and Guaranty Trust Holding Company (GTCO). The bearish sentiment dragged the NGX All-Share Index (ASI) lower by 0.08%, bringing it to a close at 111,818.08 points.

This reversal in market momentum follows several days of bullish trading, marking a shift in sentiment as investors engaged in strategic profit-taking. Seplat’s steep decline played a pivotal role in driving the broader market into negative territory.

Specifically, the ASI lost 84.53 points while total market capitalization dipped to ₦70.51 trillion—a drop of approximately ₦53.30 billion. This mild pullback reflects cautious repositioning by investors who sought to lock in gains from earlier rallies.

Despite the downward trend, trading activity was more robust. Data from the Nigerian Exchange (NGX) showed that total trade volume climbed 8.65%, while total trade value rose marginally by 0.30%. According to a market note from Atlass Portfolios Limited, investors exchanged 556.45 million shares valued at ₦17.17 billion across 18,505 deals.

UBA led the day in trading volume, contributing 14.92% of the total, followed by Fidelity Bank with 12.76%, Nigerian Breweries (6.72%), Tantalizer (6.56%), and Zenith Bank (5.00%). UBA also ranked highest in terms of trade value, accounting for 16.70% of the total traded value.

Top gainers included Mutual Benefits Assurance (MBENEFIT), which surged 10%, followed closely by UPL (+9.98%), Academy Press (+9.88%), SCOA (+9.62%), Livestock Feeds (+9.58%), and FTN Cocoa Processors (+9.54%). In total, 40 stocks appreciated in value.

Meanwhile, 24 equities closed in the red, with SEPLAT and Legend International both suffering a 10% decline. Other notable losers included Omatek (-8.97%), Ellah Lakes (-5.71%), Neimeth (-4.28%), Oando (-2.04%), and GTCO (-0.72%).

Major contributors to the day’s bearish close included SEPLAT (-10.00%), Sterling Financial Holdings (-2.54%), Oando (-2.04%), GTCO (-0.72%), Access Corporation (-0.45%), and First Holdings (-0.20%).

The broader sectoral performance was mixed. The oil & gas index plunged 5.01%, and the insurance sector fell 0.17%, while gains were recorded in the consumer goods (+0.30%) and oil & gas production sub-sector (+0.94%). The industrial sector remained flat at session close.

Nigeria Injects $500 Million Into Infrastructure Support Fund

Nigeria has reaffirmed its commitment to Africa’s development by pledging an additional $500 million to the Nigeria Trust Fund (NTF), a concessional financing facility managed by the African Development Bank (AfDB). The announcement was made by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during the signing ceremony at the 2025 AfDB Annual Meetings held in Abidjan on Thursday.

Edun described the contribution as a demonstration of Nigeria’s leadership and solidarity with low-income African countries, especially those facing economic instability and underdevelopment.

“This renewed support is a strong signal of Nigeria’s unwavering leadership in promoting economic progress across the continent,” Edun said. “While we are all striving for development, some of us face tougher challenges. The NTF is designed to lift the most vulnerable, and Nigeria is proud to play a leading role in that effort.”

He further disclosed that the NTF’s tenure has been extended to 2040, and Nigeria’s $500 million replenishment would be disbursed over time. The fund will continue to target poverty reduction, infrastructure development, and economic modernisation in less-developed African nations.

Edun also took the opportunity to honour the outgoing AfDB President, Dr. Akinwumi Adesina, commending his transformative leadership during his decade-long tenure.

“Dr. Adesina has elevated the Bank’s global profile and made it a beacon for development across the continent. We congratulate him on a successful and impactful term,” he said.

In his response, Dr. Adesina praised Nigeria’s renewed commitment to the Fund, calling it a timely intervention that would help unlock private capital for low-income countries.

“The $500 million pledge will significantly strengthen the AfDB’s capacity for balance sheet optimisation and hybrid capital mobilisation,” Adesina noted. “It is a powerful example of leadership in a time when Africa’s development needs are more urgent than ever.”

Established in 1976 through an agreement between Nigeria and the AfDB, the Nigeria Trust Fund provides concessional loans and financing for projects in low-income African countries. Unlike other AfDB facilities, the NTF allocates funding to specific projects rather than countries, offering support to both public and private sector initiatives.

Its revolving, self-sustaining structure allows for co-financing with other AfDB operations, the African Development Fund (ADF), and stand-alone development programmes. The fund aims to strengthen regional integration and development through inclusive growth initiatives.

With the latest contribution, the NTF is expected to continue playing a pivotal role in advancing social and economic outcomes across Africa, in line with Nigeria’s broader development priorities.

Oil Prices Decline Ahead Of Expected OPEC+ Output Hike

Oil prices edged lower on Friday as markets priced in expectations that the Organization of Petroleum Exporting Countries and its allies (OPEC+) will raise output in July. The downward trend also reflected broader market uncertainties stemming from shifting U.S. trade policies.

Brent crude futures dropped 21 cents, or 0.33%, to $63.94 per barrel, while the U.S. benchmark, West Texas Intermediate (WTI), declined 22 cents, or 0.36%, to $60.72 per barrel.

Both benchmarks were set to register a second consecutive weekly loss, weighed down by the prospect of an OPEC+ supply increase and the ongoing volatility in U.S. trade policy. The U.S. Court of Appeals for the Federal Circuit temporarily reinstated former President Donald Trump’s tariffs on Thursday—just a day after a lower trade court ruled he had exceeded his authority and blocked the duties.

The appeals court’s stay allows time for the government to appeal the ruling, with filings expected by June 9. The uncertainty surrounding the outcome has further added to investor caution.

Meanwhile, U.S. crude oil fundamentals presented a mixed picture. Data from the Energy Information Administration (EIA) showed commercial crude inventories fell by 2.8 million barrels to 440.4 million barrels in the week ending May 23, defying market expectations of a 1 million-barrel build.

Strategic petroleum reserves increased by 800,000 barrels to 401.3 million barrels, while gasoline inventories declined by 2.4 million barrels to 223.1 million barrels, reflecting continued strong fuel demand.

U.S. crude production rose slightly by 9,000 barrels per day (bpd), reaching 13.4 million bpd. Over the same period, imports climbed by 262,000 bpd to 6.35 million bpd, and exports surged by 794,000 bpd to 4.3 million bpd.

In its latest Short-Term Energy Outlook (STEO) released May 7, the EIA projected that U.S. crude oil production will average 13.4 million bpd in 2025, signaling continued supply strength from the world’s largest oil producer.

As markets await the OPEC+ meeting outcome, the interplay of rising supply, shifting policy dynamics, and strong U.S. fundamentals continues to shape the short-term direction of oil prices.

Nigeria’s Bonds Rally Amid Expectations Of Tight Supply

FGN Bond For Jan. 2021 Oversubscribed

Nigeria’s bond market saw a rally in the secondary market as investors continued to take positions in naira-denominated assets, driven by optimism around economic stability and fiscal resilience.

Investor appetite for fixed-income securities increased notably, amid expectations of limited bond issuance at the Debt Management Office’s (DMO) monthly auction. The auction’s subscription level fell short of analysts’ projections, and the DMO struggled to meet demand despite offering bonds at lower spot rates.

With headline inflation easing and the Central Bank of Nigeria maintaining its benchmark interest rate at elevated levels, real returns remain attractive. This environment has continued to draw investors—particularly pension fund administrators—into the government bond market, where they remain key participants.

Market analysts noted bullish activity across the fixed-income space on Thursday. Yields held largely steady across the curve, but the average yield on Federal Government of Nigeria (FGN) bonds dipped by 8 basis points to 18.88%.

The rally was most pronounced at the short (-12bps) and mid (-9bps) ends of the yield curve, buoyed by strong demand for specific maturities. The JUL-2030 and FEB-2031 bonds led the charge, with yields falling by 40 and 42 basis points, respectively.

Across the benchmark curve, average yields declined by 15 basis points at the short end and 8 basis points at the mid end. However, the long end of the curve remained unchanged, signaling a more cautious investor stance on longer-term debt.

Analysts say sustained demand and tightening supply conditions could continue to support bond prices in the near term, barring any major shifts in macroeconomic fundamentals or monetary policy.

Naira Strengthens On Improved Dollar Liquidity, Closes At ₦1,586/$

The naira appreciated by 0.29% against the US dollar on Thursday, closing at ₦1,586.15 at the Nigerian Foreign Exchange Market, up from ₦1,590 the previous day, according to official data from the Central Bank of Nigeria (CBN).

The currency also saw slight gains in the parallel market, trading at ₦1,615 per dollar amid growing speculation that the CBN will discontinue dollar sales to Bureau De Change operators at the official rate starting May 2025.

The rebound in the naira was largely attributed to improved dollar supply, bolstered by the CBN’s continued intervention in the market. The USD/NGN pair traded within a narrow band of ₦1,584.50 to ₦1,590.70 during the session.

Market analysts noted that with sufficient foreign inflows and moderate demand from corporates, the naira is expected to remain relatively stable in the near term, barring any external shocks.

Meanwhile, in global commodities, oil prices reversed earlier gains on Thursday following a bearish outlook from the International Energy Agency (IEA), which warned of softening demand from China—the world’s largest oil importer.

Brent crude dropped by 60 cents to $64.30 per barrel, while U.S. West Texas Intermediate (WTI) declined by 67 cents to $61.17.

Traders also kept a close watch on geopolitical developments, including the possibility of fresh U.S. sanctions on Russian crude, as well as the upcoming OPEC+ decision on July production levels.

Earlier in the week, crude prices had climbed after a U.S. court ruled that former President Donald Trump had overstepped his authority in imposing sweeping tariffs—boosting risk appetite. However, the ruling excluded specific sectoral tariffs and may be subject to appeal.

Looking ahead, analysts anticipate OPEC+ will proceed with another 411,000-barrel-per-day production hike, continuing its phased supply expansion strategy through the third quarter of the year, as the group seeks to protect market share.

BizWatchNigeria.Ng
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.