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NIMASA DG Urges Stronger Port State Control To Boost Maritime Safety

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has underscored the importance of effective Port State Control (PSC) as a critical mechanism for enhancing global maritime safety and ensuring environmental compliance in shipping operations.

Dr. Mobereola made this known during the opening of a five-day Regional Train-the-Trainer Workshop on Port State Control for Member States of the Abuja Memorandum of Understanding (MoU), held in Lagos with support from the International Maritime Organization (IMO).

Represented by NIMASA’s Executive Director of Operations, Engr. Fatai Taiye Adeyemi, the DG described the workshop as a testament to Africa’s collective commitment to achieving safer, cleaner, and more efficient shipping practices.

“Your presence here demonstrates our shared resolve to strengthen maritime governance, enhance safety standards, and promote environmental protection across West and Central Africa,” he stated.

In a statement signed by the agency’s Head of Public Relations, Mr. Edward Osagie, the DG lauded the IMO, the Abuja MoU Secretariat, and technical partners for their consistent support in building regional capacity and advancing maritime safety across the continent.

Delivering a goodwill message, the IMO representative, Captain Ahmed Sewelam, reaffirmed the Organization’s commitment to assisting member states through technical cooperation programmes that promote uniform and effective PSC regimes globally.

“Effective regional cooperation and harmonized Port State Control practices are essential to eliminating substandard shipping and ensuring consistency across the region,” Captain Sewelam said.

He further highlighted that the workshop provides an opportunity for delegates to enhance inspection procedures, reporting mechanisms, and performance strategies towards advancing maritime safety and sustainability.

Similarly, the Secretary-General of the Abuja MoU, Captain Sunday Umoren, reiterated that capacity building remains central to the MoU’s objectives. He stressed that strong national systems and effective Flag State control directly influence the success of Port State Control operations.

“We must continue to strengthen cooperation and share best practices to sustain high standards of maritime safety and regulatory compliance across the region,” he noted.

The ongoing workshop has drawn participants from 22 countries across West and Central Africa, serving as another milestone in NIMASA’s efforts to consolidate Nigeria’s leadership in regional maritime safety, enhance environmental protection, and foster harmonized PSC standards for safer shipping operations.

Nigeria Strengthens Aviation Safety Standards With Improved Global Rating

Nigeria Strengthens Aviation Safety Standards With Improved Global Rating

Nigeria’s aviation sector has recorded a major boost as the country’s global compliance rating climbed to 75.5%, following a fresh audit by the International Civil Aviation Organisation (ICAO).

The new score reflects significant progress in safety oversight, airport operations, and regulatory compliance across the industry.

Minister of Aviation and Aerospace Development, Festus Keyamo, said the result underscores Nigeria’s steady alignment with international aviation standards. He explained that the improvement was achieved through reforms in airport management, personnel training, and tighter monitoring of air operations.

“This achievement confirms that our aviation sector is evolving toward global excellence,” Keyamo said. “We will continue to close existing gaps and target an even higher score in the next audit.”

The ICAO audit assessed several areas, including personnel licensing, airworthiness, flight operations, and air navigation. Nigeria scored high in air navigation and accident investigation but was advised to enhance documentation and regulatory enforcement.

Stakeholders described the result as a vote of confidence in Nigeria’s aviation system, noting that it could attract foreign investment and improve passenger confidence.

The development aligns with the federal government’s ongoing efforts to strengthen the aviation sector through policy reforms and infrastructure renewal.

With this progress, Nigeria moves closer to establishing itself as a trusted aviation hub in Africa.

NCAA Urges EFCC to Tackle Fraud in Aviation Sector

FG Urges Aviation Operators To Strengthen Financial Transparency

FG Calls For Local, Foreign Investment In Aviation Sector

The Federal Government has called on aviation operators to strengthen transparency and adopt responsible financial practices in their operations. This directive aligns with Nigeria’s implementation of the Cape Town Convention.

At a recent aviation forum, the Nigerian Civil Aviation Authority (NCAA) and the Federal Ministry of Aviation and Aerospace Development emphasized that clear disclosure of financial and ownership arrangements is critical for safe and sustainable industry growth.

The Minister of Aviation highlighted that Nigeria’s compliance with international aviation financing standards has improved. He urged operators to adopt best practices and clean up internal systems to enhance investor confidence.

Financial experts note that improved transparency could reduce disputes over aircraft financing and regulatory penalties. They also see it as a step toward positioning Nigeria as a competitive regional aviation hub.

Aviation Stakeholders Set To Convene For High-Level Financing Summit

Interswitch Calls For Collaboration, Others to Drive Africa’s Digital Future

Africa’s leading integrated payments and digital commerce company, Interswitch, has reiterated the need for integrity, collaboration, and compliance as the foundation of sustainable innovation across the continent.

This was said at the grand finale of TechConnect 5.0 with the theme, “United Frontiers: Growth Powered by Innovation, Collaboration and Compliance” on Tuesday, 11th November, 2025 in Lagos.

The event gathered top executives, policymakers, and thought leaders from the fintech and banking industries to examine how Africa can align rapid digital growth with responsibility and trust.

Speaking at the media parley, Akeem Lawal, Managing Director, Payment Processing and Switching at Interswitch, said collaboration remains central to building Africa’s digital economy.

 “No single player can build Africa’s financial future alone, we must work together across sectors and technologies to make innovation meaningful in everyday lives.” He noted.

Lawal observed that one of the major challenges confronting the continent’s fintech landscape is fragmentation, with too many players working in silos. Stressing that Interswitch’s goal is to bridge these divides by connecting banks, fintechs, regulators, and merchants through interoperable systems that promote inclusivity and trust.

Again, Cherry Eromosele, Executive Vice President, Group Marketing and Communications at Interswitch, stressed that innovation must serve a purpose beyond profit.

 “Innovation should not only make payments faster. It should make life fairer, TechConnect has evolved beyond a thought-leadership forum. It now drives real solutions, from contactless payments that ease urban transport to tools that help small businesses thrive.” She said.

In his remarks, the Managing Director of Verve International, Vincent Ogbunude, emphasised that compliance and integrity are essential pillars for the continent’s digital growth.

“Compliance is not a constraint; it guarantees that innovation will last, without clear standards and consumer protection, progress will be short-lived.” He stated.

Discussions also highlighted Africa’s paradox of progress, while digital adoption continues to accelerate, significant inequalities persist, leaving millions excluded due to infrastructural gaps, weak policies, and economic uncertainty.

Other Interswitch executives present acknowledged that Africa’s digital revolution must be guided by collaboration and ethical principles, maintaining that building transparent, secure, and inclusive systems would enable the continent’s fintech ecosystem to earn global credibility and public trust.

TechConnect 5.0 concluded with a resounding message: for Africa’s innovation to endure, it must be anchored on integrity, inclusivity, and shared purpose, creating a financial system that truly leaves no one behind.

Trust. Infrastructure. Growth. Interswitch’s Vision For Africa’s Digital Future

Army Unveils Official Portrait Of COAS, Lt. Gen. Waidi Shaibu — Warns Against Use Of Old Images

The Nigerian Army has unveiled the official portrait of the 25th Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, with a directive to the media and the public to desist from using outdated photographs of the Army chief.

In a statement released on its official X (formerly Twitter) handle on Tuesday, the Army said the move was aimed at standardising official references to its leadership and preventing the circulation of images that no longer reflect the COAS’s current rank or status.

“The Nigerian Army wishes to inform the general public, particularly the media community, that the official portrait of the Chief of Army Staff, Lieutenant General Waidi Shaibu, has been released. You are kindly requested to update your media archives and refrain from using previous photographs, especially those depicting the Chief of Army Staff with the rank of Major General,” the statement read in part.

The statement further clarified that an earlier portrait previously issued through its official handle should be disregarded. It emphasised the need for consistency across all platforms and official communications involving the Army’s leadership.

“Additionally, you are to disregard the initial portrait issued via this handle,” the Army added.

Commending the media for its continued professionalism, the Army expressed appreciation for journalists’ contributions to national security through responsible reportage.

“The Nigerian Army sincerely appreciates your professionalism, commitment, and invaluable contributions to national security through factual and responsible reporting of our activities,” it stated.

Lieutenant General Shaibu, who assumed office earlier this year as the 25th Chief of Army Staff, has since spearheaded strategic operations across the country aimed at strengthening internal security and operational efficiency.

The release of his official portrait, the Army noted, marks a formal representation of his current position, ensuring that the public and the media have a correct visual reference for Nigeria’s top Army officer.

WHO Raises Alarm As Diabetes Cases In Africa Hit 24 Million

WHO Raises Alarm As Diabetes Cases In Africa Hit 24 Million

The World Health Organisation (WHO) has revealed that over 24 million adults aged between 20 and 79 are currently living with diabetes across Africa — a figure projected to soar to 60 million by 2050 if urgent action is not taken.

In a statement marking the 2025 World Diabetes Day in Abuja on Thursday, the WHO Regional Director for Africa, Dr Mohamed Janabi, described the continent’s rising diabetes burden as “unprecedented,” attributing it to rapid lifestyle changes, increasing obesity rates, and inadequate access to preventive and primary healthcare services.

According to Janabi, nearly 12 million people — representing half of Africa’s diabetic population — remain undiagnosed, silently facing heightened risks of complications such as heart disease, kidney failure, blindness, nerve damage, and premature death.

“The scale and speed of this trend demand urgent and sustained action. Without intervention, diabetes will overwhelm our health systems, strain economies, and erode decades of development gains.”

The WHO chief stressed that health systems across Africa must be resilient, well-resourced, and capable of delivering continuous care — from prevention and early detection to long-term treatment and support.

He noted that this year’s World Diabetes Day, themed “Diabetes Across Life Stages,” underscores that the disease affects children, adolescents, adults, and the elderly alike, with each age group requiring tailored interventions.

“Diabetes spares no one. Prevention and care must extend across the entire life course.” Janabi said.

Dr Janabi recalled that in 2024, African member states endorsed the Framework for the Implementation of the Global Diabetes Compact in Africa, reaffirming their commitment to equitable and comprehensive care.

Under this framework, countries like Ghana and Uganda have begun integrating diabetes and cardiovascular services into primary healthcare, ensuring earlier detection and more accessible management.

The WHO, he added, is supporting countries in scaling up effective interventions through the WHO Package of Essential Non-communicable Disease Interventions (WHO PEN), now operational in 31 African countries, and the PEN-Plus initiative, implemented in 20 countries to expand access to quality, affordable chronic disease care at the primary level.

Janabi urged African governments to move beyond policy declarations and translate commitments into measurable results by strengthening governance, increasing funding for non-communicable disease programmes, and mainstreaming diabetes care into national health systems.

“The time to act is now. By investing in prevention, early diagnosis, and sustained care, Africa can reverse this worrying trajectory and secure a healthier future for its people.”

The WHO estimates that diabetes-related deaths and complications could rise sharply if current trends persist, underscoring the urgent need for coordinated regional and national responses across the continent.

Tinubu Meets Regional Development Minister, Commissions On Insecurity And Infrastructure Drive

Tinubu Meets Regional Development Minister, Commissions On Insecurity And Infrastructure Drive

President Bola Tinubu on Monday met with the Minister of Regional Development, Abubakar Momoh, and the leadership of seven regional development commissions at the Presidential Villa, Abuja, to discuss strategies aimed at tackling insecurity and accelerating critical infrastructure development across Nigeria’s geo-political zones.

Briefing State House correspondents after the closed-door session, Momoh said the meeting focused on strengthening collaboration between the federal and state governments to deliver sustainable development, particularly in the areas of security, road rehabilitation, and regional integration.

“The commissions are not the chief executives of their respective regions, but they are mandated to complement the work of both the federal and state governments, especially in addressing security challenges,” he said.

The minister noted that several commissions were already contributing to regional infrastructure, citing examples of road rehabilitation projects currently underway through state initiatives, including the 10-kilometre repair on the Benin–Warri Road in Delta State and work along the Sapele–Ogorode corridor in Edo State.

He added that such partnerships would be expanded nationwide as newer commissions begin full operations.

Momoh explained that the development commissions have adopted a four-phase master plan designed to rebuild and connect economic clusters across Nigeria. The first phase focuses on security, the second on sustainability, while the current third phase prioritises infrastructure renewal and market access to spur local productivity and regional trade.

He attributed the deplorable condition of many federal roads to years of neglect and weak institutional capacity, noting that the Federal Roads Maintenance Agency (FERMA) had not been “fully alive to its responsibilities for nearly a decade.”

“We are now taking a holistic approach — linking communities, opening up markets, and improving mobility — all of which are essential to national security and development,” he said.

Funding Challenges and Presidential Intervention

Addressing concerns over delays in releasing take-off funds for some newly established development commissions, the minister revealed that securing the necessary financial backing formed part of the discussions with President Tinubu.

He assured that the administration remains committed to empowering the commissions to deliver on their mandates, stressing that sustainable regional development is a cornerstone of President Tinubu’s Renewed Hope Agenda.

The meeting comes amid growing calls for decentralised development initiatives to tackle rising insecurity, improve infrastructure, and strengthen governance across Nigeria’s six geo-political zones.

Israel Bids Farewell To Officer Hadar Goldin, 11 Years After His Death In Gaza

NAFDAC Sets December 2025 Deadline For Ban On Sachet And Small-Size Alcoholic Drinks

The National Agency for Food and Drug Administration and Control (NAFDAC) has announced a definitive ban on the production, sale, and distribution of alcoholic beverages packaged in sachets and bottles smaller than 200 millilitres, effective December 2025.

The agency’s Director General, Professor Mojisola Adeyeye, announced during a press conference in Abuja, describing the move as a decisive step to curb the public health risks associated with the widespread consumption of cheap, high-alcohol-content beverages.

“The proliferation of alcoholic drinks in sachets and small bottles has made them easily accessible, affordable, and concealable — leading to rampant misuse, especially among minors and commercial drivers,” Adeyeye said.

She noted that the abuse of these products has been linked to a surge in domestic violence, road accidents, school dropouts, and other social vices, warning that the trend poses a serious threat to national health and safety.

The ban follows a long-standing campaign by health authorities to control the sale of low-cost, high-strength alcohol in Nigeria. In 2018, NAFDAC, the Federal Ministry of Health, the Federal Competition and Consumer Protection Commission (FCCPC), and key industry bodies — including the Association of Food, Beverage and Tobacco Employers (AFBTE) and the Distillers and Blenders Association of Nigeria (DIBAN) — signed a five-year Memorandum of Understanding (MoU) to phase out such products.

The agreement was prompted by growing evidence that sachet and mini-bottle alcohol products were being consumed by children, teenagers, and drivers, exposing them to health and social risks.

While the initial ban was scheduled for 2023, manufacturers sought extensions to allow time for production adjustments and inventory clearance. The Federal Government consequently approved a one-year moratorium in 2024, extending the implementation deadline to December 2025.

Senate Resolution and Enforcement

Professor Adeyeye explained that the new directive aligns with a Senate resolution expressing concern over the availability of cheap alcohol, particularly its impact on youth and vulnerable groups.

“The Senate’s position is clear — no further extensions will be granted, manufacturers and retailers must ensure full compliance before the December 2025 deadline.” She said.

She emphasised that the measure is not punitive but geared towards protecting public health, adding that enforcement will commence in January 2026 in partnership with relevant law enforcement and regulatory agencies.

According to NAFDAC, the agency will intensify public awareness campaigns and stakeholder engagement to ensure a smooth transition to safer and compliant packaging.

The upcoming ban marks a significant step in Nigeria’s broader efforts to regulate alcohol consumption and curb its associated health and social challenges — particularly among young people and high-risk groups.

Israel Bids Farewell To Officer Hadar Goldin, 11 Years After His Death In Gaza

Israel Bids Farewell To Officer Hadar Goldin, 11 Years After His Death In Gaza

Hundreds of mourners gathered in the central Israeli town of Kfar Saba on Tuesday to pay their final respects to army officer Lt. Hadar Goldin, whose remains were returned by Hamas after being held in Gaza for more than a decade.

The military cemetery overflowed with attendees, some perched-on rooftops to witness the solemn ceremony, while others watched on large outdoor screens. The atmosphere was steeped in emotion as Israeli flags waved in the wind and mourners held aloft portraits of the young officer, accompanied by banners reading “We will remember forever.”

Goldin’s remains were returned to Israel on Sunday as part of a Gaza ceasefire deal brokered by U.S. President Donald Trump, bringing closure to an 11-year ordeal that gripped both his family and the nation.

His father, Simcha Goldin, described his son as a “Jewish warrior,” urging the crowd to uphold the values of unity and righteousness that Hadar embodied.

“Behave righteously and do not hate one another — that is Hadar’s legacy. Let there be a little more of Hadar in our daily lives.” He said.

Hadar Goldin, then 23, was killed on August 1, 2014, during Israel’s Operation Protective Edge in Gaza. He was leading a mission to destroy Hamas tunnels when he was ambushed, killed, and his body captured — just hours into a brief humanitarian truce.

For over a decade, his family campaigned tirelessly for his return. Tuesday’s burial marked the end of that painful chapter.

“Today is a hard day, but I am happy because Hadar’s coming was a dream,” In our army, we do not leave anyone behind.” said Israel Blumshtein, a 76-year-old resident of Kfar Saba.

Goldin’s twin brother, Tzur Goldin, said Hamas’s use of hostages was a deliberate attempt to weaken the moral fabric of Israeli society.

“They aim to destroy us from within. Our victory will be to uphold our founding principle, never abandoning one another.” He said.

Though the Goldin family held a symbolic funeral in 2014 after partial remains were recovered, efforts to retrieve the rest through prisoner exchanges had long stalled.

“It’s some kind of relief because he’s been there for more than 11 years,” said Aharon Gamzu, a 48-year-old software engineer who attended the funeral draped in the Israeli flag. “Every soldier trusts that the country will do everything to bring them home. That’s what Hadar’s return means to us.”

Standing beside him, Einat Carmel Gamzu added: “It was important to be here to give him a final honour, our honour for him and for Israel.”

Since the ceasefire took effect on October 10, Hamas has released 20 living hostages and the remains of 24 others, including Goldin. However, the bodies of four hostages seized during Hamas’s October 7, 2023, attack — which triggered the latest Gaza conflict — remain in the enclave.

Goldin’s burial brings a measure of closure to a story that symbolised Israel’s commitment to its soldiers — a nation’s promise that none of its sons or daughters will ever be forgotten.

— AFP

Naira Holds Steady As Weekly Forex Inflows Drop By 15.7%

Naira Holds Steady As Weekly Forex Inflows Drop By 15.7%

The naira traded flat across the official and parallel foreign exchange (FX) markets on Monday as weekly inflows declined by 15.7 per cent, signalling weaker FX supply and mild pressure on the local currency.

Data from the Central Bank of Nigeria (CBN) showed that the naira depreciated marginally by 72 kobo, closing at ₦1,437.29/$1 at the Nigerian Foreign Exchange Market (NFEM), compared to ₦1,436.57/$1 recorded last Friday.

At the parallel market, also known as the black market, the naira slipped further, trading at ₦1,460/$1 on Monday from ₦1,455/$1 previously. Traders attributed the weakness to a decline in dollar liquidity following reduced inflows into the market.

A market report by Coronation Merchant Bank Research revealed that total forex inflows through the NFEM dropped to $899.20 million, down from $1.04 billion in the previous week. The bank attributed the decline to reduced participation by foreign investors and corporates.

According to the report, Foreign Portfolio Investors (FPIs) remained the dominant source of FX inflows, contributing 60.13 per cent (about $540.70 million) of total liquidity. They were followed by non-bank corporates (13.99 per cent), individuals (12.75 per cent), and exporters (12.56 per cent), while other channels accounted for just 0.56 per cent.

The slowdown in inflows also ended the naira’s two-week appreciation streak, with the official rate weakening by 1.03 per cent week-on-week to close at ₦1,436.58/$1. Similarly, the parallel market rate depreciated by 1.71 per cent week-on-week to ₦1,465/$1, widening the gap between both markets to ₦28.42/$1, from ₦18.27/$1 in the preceding week.

Despite the softer inflows, Nigeria’s gross external reserves rose marginally by 0.29 per cent to $43.32 billion as of October 6, 2025 — an increase of $127.10 million week-on-week. The slight improvement was supported by the $899.20 million inflows and relatively lower outflows of $822.60 million during the review period.

Analysts at Coronation Merchant Bank maintained a cautiously optimistic outlook, forecasting that the naira will likely remain below the ₦1,500/$1 mark in the short term.

“In the near term, the naira is expected to remain stable below ₦1,500 per dollar, supported by steady portfolio inflows into the fixed-income market and improved liquidity conditions,” the analysts said.

They, however, cautioned that sustaining market stability would depend on the CBN’s ongoing reforms, sustained investor confidence, and deliberate efforts to build external buffers amid global economic uncertainties.

Market participants expressed optimism that the moderation in inflows may be temporary, with Eurobond proceeds and seasonal remittances expected to bolster liquidity in the coming weeks.

Analysts further noted that the current FX dynamics underscore the sensitivity of Nigeria’s currency to external investment flows, global risk sentiment, and local policy execution.

With foreign portfolio investors still accounting for the bulk of inflows, experts predict that exchange rate movements will continue to mirror the pace of capital inflows and central bank interventions in the near term.

Presidency Mulls NNPC Restructuring As Oil Output Declines

Presidency Mulls NNPC Restructuring As Oil Output Declines

The Presidency has hinted at a potential restructuring of the Nigerian National Petroleum Company Limited (NNPC Ltd.) amid mounting concerns over its dwindling oil production levels and the country’s struggle to meet output targets.

This was disclosed by the Special Adviser to the President on Energy, Mrs. Olu Verheijen, during the Nigerian Association of Petroleum Explorationists (NAPE) Conference held on Monday in Lagos.

Verheijen, who outlined a new roadmap to revitalise Nigeria’s oil and gas sector, emphasised that the government’s three-million-barrel-per-day production target can only be achieved through performance-based reforms, not institutional sentiment.

NNPC’s Output Under Scrutiny

The presidential aide raised concerns about the company’s performance, revealing that NNPC Exploration and Production Limited (NEPL) currently produces only 220,000 barrels per day, representing less than 10 per cent of the nation’s total output.

She questioned the NNPC’s financial and operational capacity to independently undertake the drilling campaigns required to significantly raise production levels.

“Unlike the era when international oil companies carried the NNPC in joint ventures, today’s environment requires that we ask the hard questions,” Verheijen said. “Can NNPC deliver the growth we need on its own balance sheet? If not, we must have the courage to restructure asset ownership and invite credible operators with the technical expertise, financial strength, and governance discipline to move the sector forward.”

According to her, revitalising the national oil company demands more than patriotic sentiment — it requires “performance-based stewardship” and strategic reforms that prioritise efficiency over bureaucracy.

A Framework for Sector Renewal

Verheijen presented a reform framework she termed the “Four Rs” — Reserves, Revenues, Reliability, and Responsibility, which she described as the pillars for sustainable energy growth in Nigeria.

On reserves, she noted that exploration must go beyond policy rhetoric, urging Nigeria to act decisively to attract fresh capital.

“Exploration is not a PowerPoint presentation — it is a high-risk venture, but risk has a price, and clarity is the discount. Since 2023, under President Tinubu’s leadership, Nigeria has worked to restore that clarity,” she said.

She cautioned that Nigeria must accelerate reforms to remain competitive in the global energy space. “Investors today are spoiled for choice. They will put their money where returns are clear, stable, and predictable,” she added.

Unlocking $8 Billion in Energy Investments

Highlighting the administration’s early achievements, Verheijen disclosed that in just 18 months, the government has unlocked over $8 billion in final investment decisions (FIDs) through projects such as Ubeta, Bonga North, and HI, with a clear line of sight to an additional $20 billion.

“These aren’t just signed papers — they represent shovels already in the ground,” she noted. “We are commercialising gas through long-term supply agreements, driving LNG expansion, and boosting gas-to-power and industrial utilisation to turn stranded resources into bankable assets.”

Verheijen said the government’s revenue agenda now extends beyond exports to domestic value creation, including expanding LPG and CNG adoption, boosting petrochemical and fertiliser production, and advancing local refining capacity to end fuel importation and strengthen regional energy security.

The presidential aide urged indigenous companies — such as Renaissance, Oando, Seplat, and Aiteo — to transition from small-scale operations to large-scale greenfield developments, citing landmark projects by Shell and ExxonMobil as models that “truly move the needle.”

“Independence must not mean inertia,” she said. “Our journey to three million barrels a day depends on local operators rising to the challenge of bold, technically sound, and capital-intensive exploration.”

Responding to the remarks, Chairman of NNPC Limited, Ahmadu Kida, reaffirmed the company’s commitment to transformation and collaboration.

“At NNPC Limited, we aim to be a company every Nigerian is proud of — a symbol of national achievement,” Kida said. “In the next five years, we envision NNPC as Africa’s undisputed energy champion, one that embodies excellence, innovation, and the spirit of national pride.”

He added that the company’s motto remains collaboration and inclusivity, with a focus on building strong partnerships to position NNPC as the continent’s energy company of choice.

Tinubu Orders Expansion Of Siemens Power Projects Into Three Phases To Accelerate Electricity Reform

Tinubu Orders Expansion Of Siemens Power Projects Into Three Phases To Accelerate Electricity Reform

President Bola Tinubu has directed Siemens Energy to expand ongoing power infrastructure projects under the Presidential Power Initiative (PPI) into three distinct phases, underscoring his administration’s renewed commitment to delivering stable, reliable, and affordable electricity across Nigeria.

The President gave the directive on Monday during a high-level meeting with a delegation from Siemens Energy, led by Dietmar Siersdorfer, Managing Director for the Middle East and Africa, at the State House, Abuja.

Tinubu commended Siemens Energy for its steadfast collaboration under the PPI — a strategic partnership between the Federal Government of Nigeria and the German Government initiated in 2019 to modernise Nigeria’s power transmission and distribution systems.

“I appreciate the partnership on this initiative. The progress made so far is commendable, and we can feel its impact. However, it is not yet where we want it to be,” the President said.

According to a statement signed by Presidential Spokesman, Bayo Onanuga, Tinubu also ordered the expansion of major transformer substations from two to three phases as part of efforts to boost electricity transmission capacity nationwide.

He assured that his administration would provide the required political will and financial backing to ensure timely completion of the project’s ongoing and upcoming phases.

Minister of Power, Adebayo Adelabu, highlighted that the sector has achieved significant milestones under the Tinubu administration, including the decentralisation and liberalisation of the power industry.

He recalled that following the signing of the Electricity Act 2023, Nigeria developed a National Integrated Electricity Policy — the first in 24 years — which has since attracted over $2.2 billion in fresh investments and activated 15 state electricity markets.

“Since the signing of the Accelerated Agreement at COP28 in Dubai, which you personally attended alongside German Chancellor Olaf Scholz, the PPI has recorded notable progress,” Adelabu said.

He explained that under the Pilot Phase (Phase Zero), significant upgrades to infrastructure have already improved grid stability and reliability nationwide.

Substations to Be Completed by 2026

The minister revealed that in December 2024, the Federal Executive Council (FEC) approved the Engineering, Procurement, and Construction (EPC) contract for Phase One, Batch One, covering the upgrade and installation of substations in Abeokuta, Offa, Ayede-Ibadan, Sokoto, and Onitsha.

Plans for civil works and equipment manufacturing have been finalised, with two out of the five substations expected to be completed by December 2026.

He further noted that Phase One, Batch Two would expand the grid with six Brownfield and ten Greenfield substations, collectively adding 4,104 megawatts (MW) of new transmission capacity.

Siemens Energy’s Managing Director, Dietmar Siersdorfer, affirmed that two substations under construction will be completed by December 2026, in line with the administration’s power expansion goals.

He disclosed that a training centre was being developed to build local expertise in electrical engineering, create jobs, and enhance technology transfer to Nigerian professionals.

“The PPI is not just a project but a platform for long-term development and prosperity,” Siersdorfer stated, adding that the initiative will transform Nigeria into a regional power hub and further strengthen ties between Germany and Nigeria.

Representing the German Ambassador, Johannes Lehne pledged continued support from the German government towards achieving Nigeria’s power sector transformation agenda.

In 2023, Siemens announced that its agreement to upgrade Nigeria’s power grid could be completed five years ahead of schedule, moving the initial 2030 completion date forward.

Earlier, the Ministry of Power confirmed that under the early orders of the Presidential Power Initiative, 10 mobile substations and 10 mega transformers were being delivered to Nigeria by Siemens.

By December 2022, the ministry revealed that one of the ten mobile substations — manufactured and tested at Siemens’ France facility — was ready for shipment to Nigeria, marking a tangible step toward improving transmission capacity and service reliability.

As Nigeria continues its journey toward energy stability, the expansion of the Presidential Power Initiative into three phases signals a decisive move by the Tinubu administration to close infrastructure gaps, attract foreign investment, and power the nation’s industrial and economic growth.

House Of Reps Advances E-Governance Bill To Revolutionise Public Service Delivery

House Of Reps Advances E-Governance Bill To Revolutionise Public Service Delivery

The House of Representatives has reaffirmed its commitment to transforming Nigeria’s public service delivery through the National Digital Economy and E-Governance Bill, a landmark legislation designed to establish a comprehensive legal framework for the nation’s digital future.

The proposed bill, currently under review, seeks to modernise governance by regulating key aspects such as electronic transactions, data protection, cybersecurity, and digital infrastructure. Lawmakers say the initiative will usher in a new era of transparency, efficiency, and inclusivity in how government operates and how citizens access public services.

The renewed commitment was made during a One-Day Joint Public Hearing held on Monday by the House Committee on Digital and Information Technology, in collaboration with the Senate Committee on ICT and Cybersecurity.

A Vision for Smarter, Inclusive Governance

Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, represented by Rep. Isiaq Abiodun Akinlade, described digital transformation as an urgent national priority.

“Digital governance is no longer a choice but a necessity bill embodies our vision for a new form of governance — one that is efficient, transparent, and citizen-focused.” Abbas said in a statement delivered by House Spokesman, Rep. Akin Rotimi. “

He added that the bill ensures nationwide digital inclusion, guaranteeing that “no Nigerian, regardless of location or status, is left behind in the country’s digital journey.”

Nigeria Poised to Lead Africa in Digital Policy

Chairman of the Senate Committee on ICT and Cybersecurity, Senator Shuaib Afolabi Salisu, hailed the bill as “groundbreaking”, describing it as the first of its kind in Africa.

“When enacted, this legislation will make Nigeria the pioneer on the continent in the areas of digital economy and e-governance,” Salisu stated. “It positions the country as a leader in digital innovation and public sector reform.”

Strengthening Reform Through Collaboration

Co-Chair of the hearing and Chairman of the House Committee on Digital and Information Technology, Rep. Adedeji Stanley Olajide, commended the collaborative spirit that defined the public hearing.

“This process reflects our shared determination to build a digitally inclusive, transparent, and accountable governance system,” Olajide said.

He also lauded the valuable contributions from civil society organisations, technology experts, and development partners, noting that their insights have ensured the bill aligns with global best practices while addressing Nigeria’s unique realities.

Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, assured participants that the executive arm of government is fully committed to the bill’s objectives.

“The President is ready to assent to the bill once it passes through the National Assembly,” Tijani affirmed, underscoring strong government support for the digitalisation agenda.

Rep. Olajide further acknowledged the collaboration of key institutions including the National Information Technology Development Agency (NITDA), National Identity Management Commission (NIMC), Nigerian Communications Commission (NCC), and Galaxy Backbone, whose technical inputs are expected to play a crucial role in implementing the reforms.

However, legal experts have raised concerns over certain provisions in the draft bill. A team of lawyers from Olisa Agbakoba Legal (OAL) recently faulted the ₦10 million fine stipulated for contraventions under the offences and penalties section.

The firm argued that the prescribed fine is disproportionate and impractical, considering that public institutions or individuals found in breach might be unable to pay such amounts. The lawyers urged lawmakers to reconsider the clause to ensure fairness and enforceability.

Active Electricity Customers Hit 11.96 Million In August — NERC

Active Electricity Customers Hit 11.96 Million In August — NERC

NERC Unveils App To Improve Electricity

The Nigerian Electricity Regulatory Commission (NERC) says the number of active electricity customers in the country rose to 11.96 million in August 2025, up from 11.89 million recorded in July.

This was disclosed in the Commission’s July–August 2025 Metering Factsheet, released on Monday via its official X (formerly Twitter) and Instagram platforms. The updated data reflects active customer numbers across all 11 electricity distribution companies (DisCos).

According to the factsheet, 6.58 million customers were metered as at August, representing a metering rate of 55.01 per cent — a marginal increase from 54.71 per cent in July.

“A total of 70,888 customers were newly metered in August, compared to 76,783 in July, reflecting ongoing metering efforts across the Nigerian Electricity Supply Industry,” NERC stated.

The Commission attributed the improvement to ongoing sector reforms and increased investments in customer management by DisCos aimed at improving billing transparency and consumer confidence.

Recent rankings show Eko, Ikeja and Abuja DisCos among the best performers in metering coverage nationwide. Eko Electricity Distribution Company recorded 84.25 per cent metering coverage, closely followed by Ikeja Electric with 84.83 per cent, while Abuja Electricity Distribution Company achieved 73.92 per cent.

In April, NERC sanctioned eight DisCos — Abuja, Ikeja, Eko, Enugu, Jos, Kaduna, Kano and Yola — for violating the approved monthly energy caps applied to estimated billing of unmetered customers. The penalties amounted to over ₦628 million, and the affected companies were directed to credit the accounts of all impacted customers.

In a separate update, NERC disclosed that 225,631 meters were installed nationwide in the second quarter of 2025, representing a 20.55 per cent increase from 187,161 installations recorded in the first quarter.

Breakdown of the Q2 installations showed that 147,823 meters (65.52 per cent) were deployed under the Meter Asset Provider scheme, 65,315 under the Meter Acquisition Fund, 12,259 via vendor financing, and 234 under the DisCo-financed programme.

Code, Connect & Chill: Inside Interswitch’s Coded Meetup For Senior Developers In Lagos

Code, Connect & Chill: Inside Interswitch’s Coded Meetup For Senior Developers In Lagos

When you picture a typical gathering of tech developers, you probably imagine a room full of laptops, glowing screens, and lines of code flying faster than you can blink. But at the Interswitch Coded Meetup, something different happened, the screens went dark, and instead, conversations lit up the room.

Organised by the Interswitch Developer Community, the meetup was more than just another tech event. Hosted at the Interswitch Innovation Hub in Lagos, it brought together some of Africa’s sharpest tech minds including developers, engineers, product builders, and tech enthusiasts, for an evening of connection, collaboration, and community. But it was not just about tech. It was about the people behind the tech.

Forget the marathon hackathons and jargon-heavy conferences. This was a ‘Code, Connect, and Chill’ experience, a relaxed yet purposeful space where developers exchanged ideas, shared real-world lessons, and discussed the future of Africa’s technology landscape.

Interswitch, through its Developer Community, designed the event to get professionals and aspiring developers to step away from their screens and connect like humans first, and coders second. The result? An evening that felt equal parts learning, networking, and inspiration, with plenty of laughter in between.

Two powerful panel sessions anchored the night, with seasoned tech leaders and engineers sharing insights that hit home for anyone navigating today’s fast-moving digital world. Discussions covered everything from distributed systems and artificial intelligence to scalable solution design and ethical AI use, but the core message was clear: Africa’s next big tech leap will come from collaboration, not competition.

One recurring theme throughout the evening was mentorship, how developers can learn from one another, how leaders can open doors for the next generation, and how community-driven learning can make the African tech ecosystem stronger and more inclusive.

Beyond the panels, the atmosphere was refreshingly social. The space buzzed with mind blowing conversations as attendees swapped stories about their toughest bugs, biggest product wins, and lessons learned from late-night coding sprints.

Between the networking, laughter, and clinking of glasses, one thing was obvious, developers need more spaces like this. Places where the ecosystem feels less like an industry and more like a family. Africa’s tech growth is not just about writing better code; it is about building stronger connections.

Through initiatives like the Coded Meetup, Interswitch continues to empower developers across Africa by providing platforms that encourage mentorship, collaboration, and innovation. The Interswitch Developer Community is a platform that champions knowledge-sharing, inclusion, and sustainable growth within the continent’s thriving fintech and tech ecosystems. The ultimate goal is not just about writing lines of code, but about shaping Africa’s digital story, one connection at a time.

Comptroller Atuluku Records Over ₦33 Billion Revenue In Port Harcourt Area I For October

Consumer Credit Falls 17% To ₦3.54 Trillion Amid Weak Demand And Rising Rates

Consumer credit in Nigeria dropped by 17 percent to ₦3.54 trillion in July 2025, down from ₦4.27 trillion in June.

The data comes from the Central Bank of Nigeria’s monthly economic report. Retail loans decreased significantly by 51.5 percent to ₦950 billion. Personal loans, however, rose by 12.1 percent to ₦2.59 trillion.

The decline reflects weak retail demand and increasing interest rates. According to the report, 40.6 percent of respondents observed higher loan costs in the past three months.

The shift toward personal loans suggests consumers are opting for credit for essential expenses rather than discretionary retail purchases.

For lenders and economic planners, the trend signals stress in the consumer‑finance segment. With reduced retail borrowing, growth in Nigeria’s credit market may hinge on tighter risk management and tailored products.

US Dollar Weakens Ahead Of Fed Rate Decision And Key Economic Reports

UN Deputy Secretary-General Urges Baze Graduates To Pursue Life With Purpose, Courage

United Nations Deputy Secretary-General, Amina J. Mohammed, has urged graduates of Baze University to embrace purpose, courage and service in their next phase of life, encouraging them to deploy their education toward solving real-world challenges and improving society.

Mohammed delivered the message in a video address during the institution’s 12th convocation ceremony held on Saturday, 8 November, at the university’s main campus in Abuja. The event drew prominent dignitaries, including Sierra Leone’s President and ECOWAS Chairman, Julius Maada Bio, and Katsina State Governor, Dr Dikko Umar Radda.

“Your motto, Learn to Live, is powerful,” Mohammed said. “Learning is not just about passing exams; it’s about preparing to live with purpose, courage and compassion.”

This year’s convocation was a major milestone for the private institution, which graduated its first set of PhD students. In total, 972 degrees were conferred across undergraduate, master’s and doctoral levels.

Delivering the convocation lecture, President Bio commended Baze University for promoting an education model that combines academic excellence with social responsibility. In recognition of his role in advancing education and leadership, the university named its postgraduate school the Julius Maada Bio Postgraduate School.

The Chancellor and Founder, Senator Yusuf Datti Baba-Ahmed, PhD, also conferred an honorary doctorate on Senegalese President, Bassirou Diomaye Faye. The award was received on his behalf by Senegal’s Ambassador to Nigeria, Nicolas Auguste Nyouky.

Vice-Chancellor, Professor Jamila Shu’ara, congratulated the graduating class and reaffirmed the university’s commitment to nurturing critical thinking, innovation and globally competitive scholarship.

Outstanding performers were also recognised. Mustapha Habib, of the Department of Petroleum and Gas Engineering, emerged as overall best graduating student with a CGPA of 3.93 (4.0 scale). Two master’s students — Simon Efosa Ebhojaiye (LL.M) and Loveth Abiere Ugele (M.Sc International Relations and Diplomacy) — received the award for academic excellence after posting a perfect 5.0 CGPA.

Established in 2011, Baze University has continued to expand within Nigeria’s higher education landscape. The institution says it is committed to providing university training to British standards at a fraction of the cost of studying abroad, and currently operates 12 faculties spanning health sciences, engineering, law, management, the natural sciences and postgraduate studies.

Comptroller Atuluku Records Over ₦33 Billion Revenue In Port Harcourt Area I For October

Comptroller Atuluku Records Over ₦33 Billion Revenue In Port Harcourt Area I For October

The Port Harcourt Area I Command of the Nigeria Customs Service (NCS) has achieved a record-breaking revenue collection of ₦33.753 billion in October 2025, its highest monthly performance to date.

This was disclosed in a statement issued on Friday, 7 November 2025, by the Command’s Public Relations Officer, Assistant Superintendent of Customs I, Barilule Aanee. The figure represents a sharp increase from the ₦9.079 billion collected in the same month last year, indicating a significant leap in the Command’s revenue drive.

According to the statement, the Command has also exceeded its annual revenue target, collecting a total of ₦247.461 billion between January and October 2025, well above its target of ₦216 billion. The figure also surpasses the ₦164.080 billion realised during the corresponding period in 2024.

 The statement reveals that the Customs Area Controller (CAC), Comptroller Salamatu Atuluku, attributed the outstanding performance to the reforms introduced by the Comptroller-General of Customs, Adewale Adeniyi. She particularly highlighted the deployment of the Unified Customs Management System, known as B’Odogwu, and the Service’s renewed focus on compliance, transparency, and stakeholder engagement.

Comptroller Atuluku noted that the Command had strengthened its enforcement and monitoring mechanisms, resulting in reduced leakages and more consistent revenue outcomes. She commended officers and men of the Command for their dedication and urged them to sustain the momentum.

The CAC also acknowledged the support of terminal operators, freight forwarders, and partner security agencies, describing their cooperation as vital to the Command’s success. She reaffirmed the Command’s commitment to aligning its operations with national economic goals while promoting efficient trade facilitation.

Comptroller Atuluku further assured that the Command would continue to enhance intelligence-driven operations and adopt modern strategies to ensure sustained revenue growth and improved service delivery.

BBC Director-General Tim Davie, Deborah Turness Resign Over Trump Documentary Fallout

BBC Director-General Tim Davie, Deborah Turness Resign Over Trump Documentary Fallout

The British Broadcasting Corporation (BBC) has entered a major leadership crisis following the resignation of its Director-General, Tim Davie, and CEO of News, Deborah Turness, after a controversy surrounding a Panorama documentary on former United States President, Donald Trump.

Their resignations follow a leaked internal memo published by The Telegraph, alleging that the documentary deliberately edited two separate segments of Trump’s speech to imply he incited the January 2021 Capitol Hill riot. The memo reportedly also faulted elements of the BBC’s recent news output, raising concerns over editorial standards and bias.

Confirming his decision, Davie said: “There have been some mistakes made, and as Director General, I have to take ultimate responsibility.”

Turness, in her own statement, noted: “The buck stops with me. It’s a difficult decision, but the right one.”

The dual exit marks an unprecedented moment in the BBC’s history. While the broadcaster has previously witnessed the resignation of individual Director-Generals including George Entwistle in 2012 and Greg Dyke in 2004,  it has never before lost both its top corporate leader and head of news simultaneously.

Davie and Turness were key figures in safeguarding the corporation’s editorial standards and managing its global news operations across TV, radio and digital platforms. Their departure leaves the BBC to urgently appoint interim leadership as it grapples with heightened scrutiny, reputational damage and questions over journalistic integrity.

Media analysts say the successor administration will face a formidable challenge — rebuilding trust, ensuring transparency, and navigating what is now considered one of the BBC’s most significant credibility tests in recent years.

Tinubu Administration Exceeds 2025 Borrowing Target By 55.6%

Tinubu Administration Exceeds 2025 Borrowing Target By 55.6%

The Federal Government under President Bola Ahmed Tinubu has exceeded its 2025 borrowing target by 55.6 per cent, following the accumulation of ₦17.36 trillion in new loans from both domestic and external sources within the first ten months of the year.

This figure surpasses the prorated borrowing benchmark of ₦10.9 trillion contained in the 2025 Appropriation Act, and already exceeds the total borrowing ceiling of ₦13.08 trillion approved for the whole fiscal year by ₦4.28 trillion.

Latest figures obtained from the Debt Management Office (DMO) and the Central Bank of Nigeria (CBN) indicate that as at October 2025, the Federal Government had secured ₦15.8 trillion domestically and ₦1.56 trillion externally within the first half of the year alone.

In addition, the government plans to raise a further $2.35 billion (₦3.38 trillion) through a Eurobond issuance, a move that will push total borrowing commitments to approximately ₦20.74 trillion. Analysts project that the total figure could reach as high as ₦23 trillion before year end — nearly ₦10 trillion above the legislated limit.

Economic experts warn that the borrowing trajectory, combined with Nigeria’s weak revenue performance, could deepen the risk of a fiscal debt trap, spook investors, and tighten credit availability for the private sector — with possible knock-on effects on employment, growth, and household welfare.

Nigeria’s 2025 budget outlines total expenditure of ₦54.99 trillion against anticipated revenue of ₦41.91 trillion, translating into a deficit of ₦13.08 trillion, largely expected to be financed through borrowing.

However, analysts say the latest trend reflects fiscal indiscipline that mirrors patterns seen in previous administrations. They further stress that aggressive domestic borrowing continues to squeeze private investment while undermining the IMF-backed fiscal consolidation programme — aimed at reducing Nigeria’s debt-service-to-revenue ratio, currently hovering at about 83 per cent.

Financial and market analysts, including Andrew Uviase of Ecovis OUC, David Adonri of Highcap Securities, Tunde Abidoye of FBNQuest Merchant Bank and public analyst Clifford Egbomeade, trace the overshoot to unrealistic revenue projections, weak oil output, rising debt service obligations and persistent high government expenditure.

They have called on the Tinubu administration to prioritise non-oil revenue expansion, curb wasteful spending, and pursue structural fiscal reforms capable of restoring investor confidence and safeguarding long-term debt sustainability.

COWA Expands Empowerment Drive With Focus On Green-Economy Skills
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