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Clouds2Africa ready as CBN Data localisation deadline approaches

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With the Central Bank of Nigeria’s (CBN) data localisation directive set to take effect on 1 January 2027, Clouds2Africa – the locally hosted cloud platform operated by TelCables Nigeria and powered by Angola Cables says it is already fully compliant with the regulatory requirements and is positioned to help and support financial institutions and businesses in their transition to local data infrastructure compliance.

In an announcement made last week, the CBN mandated all banks, fintechs and payment service providers to store payment transaction data generated within Nigeria on local servers. The directive, contained in a circular dated 15 June 2026, is part of a broader regulatory framework aimed at strengthening data sovereignty, enhancing regulatory oversight and securing the country’s rapidly growing digital payments ecosystem.

“At this point in time, industry estimates suggest that more than 90 percent of regulated Nigerian businesses currently host data on cloud platforms outside of Nigeria. In terms of the directive from the Central Bank, this could present challenges for many businesses and enterprises,” so says Fernando Fernandes, CEO of TelCables Nigeria.

For financial services institutions currently reliant on cloud providers that have nodes outside of Nigeria, the required migration involves not just moving data, but rethinking architecture, support models and cost structures.

“Clouds2Africa has been specifically designed to address local hosting, regulatory compliance and data sovereignty requirements. The platform is hosted across two Tier III data centre facilities in Lagos, providing in-country compute, storage, multi-region deployment, backup and disaster recovery services while ensuring data remains within Nigerian jurisdiction,” said Fernandes.

Comparison between local vs. international Cloud services providers

CriteriaClouds2AfricaOther Cloud Providers
Local Infrastructure2 nodes in NigeriaLocated outside of Nigeria
Technical Support24 x 7 x 365 Free SupportTiered and remote support outside of Nigeria
Data StorageData stored in NigeriaGlobal storage, subject to exportation
Data TransferFreeCharged by data volume
BackupLocal backupDistributed backups outside of Nigeria
Payment ModelPay as you growComplex, tiered plans
Payment CurrencyNaira – no exposure to foreign exchange fluctuationsUSD or EUR billing – subject to currency fluctuations
LatencyVery low local latencyHigh latency due to physical distance
ComplianceFully compliant with NDPAMay violate local regulations
Local ImpactGenerates jobsResources exported to other countries

Fernandes added that the Clouds2Africa is already fully aligned with the CBN directive – this includes compliance with NDPA, GAID, DCPMI obligations – offering banks and fintechs a ready-made compliance pathway well ahead of the deadline.

“Given the six-month deadline, it is critically important for banking institutions to take an active approach to ensuring compliance by partnering with the right service providers who have the infrastructure and capabilities to manage their Cloud requirements – from data storage to security,” notes Fernandes. “Our multi-faceted Cloud solution has both the capabilities and certification – and local consulting teams to accommodate and ensure a seamless transition.”

Backed by the extensive Angola Cables’ international backbone network infrastructure — which includes direct connectivity to Europe, the Americas and more than 300 cloud on-ramps worldwide, Clouds2Africa combines local compliance with global reach.

In addition to local hosting, Clouds2Africa offers naira-based billing, local technical support, predictable pay-as-you-grow pricing and zero local data transfer charges. The platform also supports hybrid and multi-cloud environments, enabling organisations to maintain connectivity with international cloud providers while ensuring critical Nigerian data remains locally hosted.

“We are already positioned to help financial institutions meet these requirements without compromising performance, security or operational flexibility.” added Fernandes.

With the January 2027 compliance deadline approaching, Clouds2Africa says it is engaging with banks, fintechs, payment processors and other regulated entities seeking a practical migration path to local cloud infrastructure.

Paystack introduces Paystack Index, an early access AI checkout experience

Paystack today announced the early access launch of Paystack Index, an experimental product developed by Paystack with product support from TSG Labs, the venture studio and emerging technology arm of The Stack Group.

Paystack Index builds on existing Paystack products, such as Paystack Checkout, by giving Zap users in Nigeria a new way to check out with supported Paystack merchants via AI agents. The product is launching in early access as Paystack learns how people want to use AI agents to get things done, starting with familiar tasks like buying airtime and mobile data, funding wallets, sending money, and paying for food.

Paystack Index is live in Nigeria and currently works with supported AI clients, including Claude, ChatGPT, and OpenClaw. At launch, it supports airtime and mobile data purchases across major Nigerian networks, transfers via Zap, and food ordering through Chowdeck.

With Paystack Index, users can ask a supported AI agent to complete a task. Index interprets the request, routes it to the right provider or supported Paystack merchant, processes the transaction through Zap and Paystack’s payment infrastructure, and helps the user complete checkout securely within the AI experience.

Users remain in control of what they authorise. Index only acts on requests that users send through their chosen AI agent and within the permissions and limits they set. Index does not store card numbers, CVVs, PINs, or bank account credentials, and transactions are processed through Paystack’s secure payment infrastructure.

“Paystack has always focused on helping businesses get paid safely and reliably, wherever their customers are,” said Shola Akinlade, CEO of Paystack. “As AI agents become a more common way for people to search, decide, and take action, we think checkout has to evolve too. Paystack Index is an early experiment in extending Paystack’s checkout infrastructure into AI experiences, starting with users in Nigeria and a few supported merchants and services. The goal is simple: help users complete everyday transactions more easily, while keeping authorization, permissions, and payment processing on trusted Paystack rails.”

As part of the controlled beta, Paystack will continue to test how users interact with AI agents for commerce, how merchants can safely participate in AI-led checkout experiences, and what infrastructure will be needed as this behavior evolves.

Paystack Index is now live in Nigeria in early access, with more features, supported merchants, billers, and African markets coming soon.

Users in Nigeria can get started with Paystack Index at paystack.com/index.

Why Access to structured merchant financing matters for SME growth

By Seun Oyediran, Director, Merchant Lending

The Nigerian economic landscape is defined by the resilience of its micro, small, and medium-sized enterprises (SMEs). From the high-traffic supermarkets of Lagos to the critical distribution hubs supporting the hinterlands, millions of entrepreneurs drive our domestic commerce. Yet, a recurring theme persists in our boardroom discussions and macroeconomic reviews: the “missing middle.” While demand remains robust across various sectors, limited access to financing remains one of the several constraints affecting SME growth, effectively putting a limit on how much the country’s economy can grow. 

The data provided by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is unequivocal. SMEs constitute approximately 96% of all domestic businesses, contributing nearly 50% of the national GDP and employing over 80% of the workforce. They are not merely a segment of the economy; they are the economy. However, the International Finance Corporation (IFC) continues to highlight a staggering credit gap. This structural bottleneck means that even businesses with proven product-market fit are often unable to fulfill orders, optimize inventory, or expand their footprint, simply because traditional capital remains inaccessible.

Merchant credit represents one financing option available to support working capital and inventory management needs. Unlike the rigid structures of traditional commercial lending, merchant credit is purpose-built for the velocity of trade. By injecting capital directly at the point of need, specifically for inventory replenishment, business expansion and equipment acquisition, it may help address short-term liquidity requirements for eligible businesses. For a merchant, the inability to stock goods is not just a missed sale; it is a loss of market share and a regression in cash flow momentum. Merchant credit may help eligible businesses address short-term liquidity constraints and support inventory management. 

From a risk management and credit perspective, the evolution of digital financial services has revolutionized how we view SME creditworthiness. Historically, the absence of collateral or formal credit histories led to the systemic exclusion of many viable businesses. A data-driven approach shifts the focus from static assets to dynamic performance, enabling lenders to deploy capital into businesses demonstrating sustainable operational performance.

The macroeconomic implications of optimizing merchant credit are profound. Access to appropriately structured financing may contribute to broader economic activity, employment, and business expansion. In the context of Nigeria’s urgent need to diversify away from hydrocarbon dependence, the private sector, and SMEs in particular, must remain an important contributor to economic development. To build globally competitive brands and export-led enterprises, we must move beyond the rhetoric of “supporting” small businesses and transition toward integrating them into modern credit value chains.

The strategic imperative is clear. The chasm between a local business and a regional champion is rarely a lack of ambition; it is access to capital that remains a significant constraint for many businesses. If we are to foster a new generation of African industry leaders, we must prioritize the deployment of flexible, data-driven financing solutions. When responsibly structured and appropriately deployed, merchant credit can support business growth, inventory management, and operational continuity for eligible enterprises.

Heirs Energies, Redtech launch digital operations centre for OML 17

Key points

  • Heirs Energies OML 17 Joint Venture and Redtech have commissioned an Integrated Operations Monitoring Centre (IOMC) in Port Harcourt.
  • The digital hub will provide real-time monitoring of production, security, hydrocarbon evacuation and asset performance.
  • The companies say the centre will improve operational efficiency, decision-making and risk management.
  • The platform is expected to support future capabilities including artificial intelligence, predictive analytics and remote operations.

Main story

The Heirs Energies OML 17 Joint Venture, in partnership with Redtech, has commissioned an Integrated Operations Monitoring Centre (IOMC) to strengthen digital management of its upstream oil and gas operations.

The facility, unveiled in Port Harcourt, is designed to serve as a centralised digital hub for monitoring production, security, hydrocarbon evacuation, facility performance and other critical operational activities across OML 17.

Developed jointly by Heirs Energies, the operator of OML 17, and Redtech, the technology company within the Heirs Holdings Group, the centre integrates operational data from multiple systems into a single platform to improve decision-making and collaboration.

According to the companies, the IOMC provides real-time visibility into field operations, enabling faster operational responses, production optimisation, improved asset integrity and more effective risk management.

The centre also incorporates surveillance and intruder detection systems to strengthen security across remote assets and critical infrastructure through real-time monitoring and early threat detection.

Speaking at the commissioning, Chief Executive Officer of Heirs Energies, Osa Igiehon, said digital technology would increasingly shape the future of upstream oil and gas operations.

He said the Integrated Operations Monitoring Centre would provide the company with a real-time operational view of its assets, supporting quicker decisions, enhanced collaboration and improved operational efficiency.

Igiehon added that the project reinforces the company’s commitment to deploying innovation to deliver safer, smarter and more resilient operations across OML 17.

Managing Director and Chief Executive Officer of Redtech, Emmanuel Ojo, described the project as an example of how technology can address complex operational challenges in the energy sector.

He said the platform demonstrates how connected operations, intelligent monitoring and faster operational responses can improve efficiency and create measurable business value.

The companies said the new facility also provides a foundation for future technologies, including predictive analytics, remote operations, artificial intelligence-enabled decision support and advanced production optimisation.

They added that the project reflects collaboration within the Heirs Holdings Group to deliver integrated technology solutions for the energy industry.

Heirs Energies noted that since assuming operatorship of OML 17 in 2021, it has increased crude oil production to more than 50,000 barrels per day, expanded domestic gas supply to between 120 million and 135 million standard cubic feet per day, and improved operational reliability through its Brownfield Excellence strategy.

The company said the commissioning of the IOMC represents the next phase of its digital transformation programme and its commitment to technology-enabled energy production.

The issues

Digital technologies are becoming increasingly important in the oil and gas industry as operators seek to improve production efficiency, reduce operational risks and strengthen asset security. Integrated operations centres enable companies to monitor multiple field activities from a single location while supporting predictive maintenance and data-driven decision-making.

What’s being said

“The future of upstream operations will be driven by data, technology and intelligent decision-making.”Osa Igiehon, Chief Executive Officer, Heirs Energies

“The IOMC demonstrates what is possible when digital innovation is applied to industrial operations.”Emmanuel Ojo, Managing Director and CEO, Redtech

What’s next

Heirs Energies plans to build on the new platform by integrating advanced capabilities such as artificial intelligence, predictive analytics and remote operations to further optimise production and operational performance across OML 17.

Bottom line

The launch of the Integrated Operations Monitoring Centre marks a major step in Heirs Energies’ digital transformation strategy, with the company leveraging technology to improve operational efficiency, strengthen asset security and enhance upstream oil and gas production.

United Nigeria Airlines joins AFRAA five years after launch

United Airlines To Begin US-Nigeria Flight Services Nov 29

Key points

  • United Nigeria Airlines has been admitted as a full member of the African Airlines Association (AFRAA).
  • The airline says the membership will support its expansion across Africa and strengthen regional partnerships.
  • AFRAA said the airline will gain access to advocacy, market intelligence, capacity-building and commercial collaboration initiatives.
  • United Nigeria Airlines currently operates about 14 domestic routes and international services to Accra, Ghana.

Main story

United Nigeria Airlines (UNA) has become a full member of the African Airlines Association (AFRAA), five years after commencing commercial flight operations.

The airline announced the development in a statement issued by its Head of Corporate Communications, Ms Chinelo Obogo.

According to the statement, the admission strengthens AFRAA’s presence in Nigeria, one of Africa’s largest and fastest-growing aviation markets.

Obogo said the membership would give United Nigeria Airlines access to AFRAA’s advocacy platforms, joint projects, commercial intelligence, capacity-building programmes and industry networking opportunities.

She added that AFRAA collectively represents more than 85 per cent of international traffic carried by African airlines and continues to promote the Single African Air Transport Market (SAATM), intra-African trade, tourism and operational excellence.

AFRAA Secretary-General, Mr Abderahmane Berthé, welcomed the airline into the association, describing its admission as a positive addition to the continental aviation body.

Executive Chairman of United Nigeria Airlines, Chief Obiora Okonkwo, described the membership as a significant milestone for both the airline and Nigeria’s aviation industry.

He said the membership would provide a stronger platform for the airline to contribute to the implementation of the Single African Air Transport Market and deepen collaboration with airlines across the continent.

Okonkwo added that United Nigeria Airlines looks forward to working with other AFRAA members to build a more integrated and competitive African aviation sector.

He said membership would also provide benefits including collective advocacy, partnership opportunities, market intelligence, improved operational efficiency and joint commercial negotiations.

The News Agency of Nigeria (NAN) reports that United Nigeria Airlines commenced commercial operations in February 2021 and currently operates about 14 domestic routes as well as international services to Accra, Ghana.

The issues

AFRAA membership gives African airlines access to collaborative industry initiatives, policy advocacy and operational support aimed at improving connectivity across the continent. The move also aligns with broader efforts to implement the Single African Air Transport Market, which seeks to liberalise air transport and boost intra-African trade and travel.

What’s being said

“United Nigeria Airlines will now have access to our full suite of advocacy, joint projects, commercial intelligence, capacity building, and networking resources.” — Chinelo Obogo, Head of Corporate Communications, United Nigeria Airlines

“Becoming a full member of AFRAA is a defining moment for the company and the Nigerian aviation sector.” — Chief Obiora Okonkwo, Executive Chairman, United Nigeria Airlines

What’s next

United Nigeria Airlines is expected to participate in AFRAA programmes and collaborate with member airlines on initiatives designed to improve operational efficiency, expand partnerships and support implementation of the Single African Air Transport Market.

Bottom line

United Nigeria Airlines’ admission into AFRAA strengthens its continental engagement and provides access to industry platforms that could support future expansion and deeper integration into Africa’s aviation market.

Kasi Healthcare signs deal for Nigeria’s first HEMS Airbus helicopters

Key points

  • Kasi Healthcare has signed an agreement with Airbus Helicopters to acquire two HEMS-configured Airbus H135 helicopters.
  • The aircraft will be used for emergency aeromedical transport, patient transfers and medical evacuation services.
  • Kasi Healthcare says the acquisition is the first of its kind in Nigeria.
  • Airbus will provide pilot training, engineering support and maintenance assistance under the partnership.

Main story

Kasi Healthcare has signed an agreement with Airbus Helicopters for the procurement of two HEMS-configured Airbus H135 helicopters, marking what the company describes as the first such acquisition in Nigeria.

The agreement was signed during the Nigeria Emergency Rescue, Aeromedical Transport and Airlift 2026 Forum (Airlift 2027) held on Tuesday in Lagos.

According to the organisers, the deal represents a significant step toward strengthening Nigeria’s emergency aeromedical transport and response capabilities.

Under the agreement, Kasi Healthcare will become the first operator in the country to acquire Airbus H135 helicopters configured specifically for Helicopter Emergency Medical Services (HEMS).

The aircraft are designed for critical medical missions, emergency response operations, patient transfers and aeromedical evacuation services.

Speaking at the event, the Medical Director of Kasi Healthcare, Dr Dayo Osholowu, described the acquisition as a transformative investment in emergency healthcare delivery.

He said the helicopters would significantly improve the organisation’s ability to provide rapid patient transfers and critical care during transit, particularly in situations where timely medical intervention could save lives.

Osholowu added that the investment would also help expand training and capacity-building programmes for medical and aviation personnel.

He commended the Minister of Aviation and Aerospace Development, Festus Keyamo, for efforts aimed at improving confidence in Nigeria’s aviation sector, noting that financial institutions had become more receptive to supporting such projects.

Also speaking, Head of Sales for Africa at Airbus Helicopters, Mr Fabrice Rochereau, said the partnership reflects Airbus’ commitment to supporting the growth of emergency medical aviation services across Africa.

He noted that the H135 has become a preferred helicopter globally for emergency medical operations because of its reliability, performance and flexible cabin configuration.

Under the agreement, Airbus Helicopters will provide specialised training for HEMS flight crews, pilot development programmes, aircraft engineering training and technical support.

The partnership will also include maintenance support infrastructure and operational assistance to ensure the helicopters meet international safety and reliability standards.

Industry stakeholders at the forum also called for more helipads, improved lighting and stronger regulatory frameworks to support the growth of aeromedical transport services in Nigeria.

The issues

Nigeria’s emergency medical response system faces challenges related to traffic congestion, long travel times and limited access to specialised healthcare facilities. Stakeholders say expanding aeromedical transport could improve emergency response times, support patient transfers and strengthen disaster and rescue operations.

What’s being said

“This strategic investment transforms our ability to provide rapid, life-saving patient transfers and critical care in transit.” — Dr Dayo Osholowu, Medical Director, Kasi Healthcare

“We are proud to partner with Kasi Healthcare as it pioneers the development of a sustainable HEMS ecosystem in Nigeria.” — Fabrice Rochereau, Head of Sales for Africa, Airbus Helicopters

What’s next

Airbus Helicopters is expected to commence training, technical support and operational preparations for the delivery and deployment of the two H135 helicopters for emergency medical missions in Nigeria.

Bottom line

The acquisition of two HEMS-configured Airbus H135 helicopters marks a notable development in Nigeria’s emergency healthcare and aviation sectors, with Kasi Healthcare seeking to establish a stronger aeromedical response network supported by Airbus’ training and technical expertise.

FEC approves N34.4bn Gboko airstrip to strengthen security, emergency response

minister of aviation and aerospace development, festus keyamo

Key points

  • The Federal Executive Council has approved the construction of an airstrip in Gboko, Benue State.
  • The project was awarded to CCECC Nigeria Ltd. at a cost of N34.4 billion.
  • The government says the airstrip will support security operations, humanitarian services and emergency medical response.
  • Authorities say Gboko’s strategic location and growing security challenges informed the decision.

Main story

The Federal Executive Council (FEC) has approved the construction of an airstrip in Gboko, Benue State, as part of efforts to strengthen security operations, humanitarian services and emergency response across Nigeria’s North-Central region.

The Minister of Aviation and Aerospace Development, Festus Keyamo, announced the approval while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu on Monday.

According to Keyamo, the contract was awarded to CCECC Nigeria Ltd. at a total cost of N34.4 billion.

He said the project was considered necessary because of Gboko’s strategic importance as an agricultural hub and its proximity to areas facing security challenges.

The minister explained that the airstrip would provide an operational base for security agencies responding to emerging threats in the region, reducing the need to search for suitable aviation facilities during security operations.

He added that the infrastructure would also strengthen humanitarian interventions by supporting relief operations and improving access for emergency medical services.

According to Keyamo, the facility will enhance the government’s capacity to respond quickly to crises while supporting development activities in the Middle Belt.

He said the project reflects the Federal Government’s strategy of using critical infrastructure investments to address both security and socio-economic challenges.

The issues

Nigeria has increasingly relied on aviation infrastructure to improve security operations and emergency response, particularly in regions affected by insecurity. Beyond military operations, strategically located airstrips can facilitate humanitarian relief, medical evacuations and disaster response while improving connectivity for economic activities.

What’s being said

“Gboko serves as an important hub for agricultural activity around the Middle Belt and for security agencies confronting challenges in that axis.” — Festus Keyamo, Minister of Aviation and Aerospace Development

“It will also serve as a base for humanitarian activities, humanitarian services and medical emergency services.” — Festus Keyamo, Minister of Aviation and Aerospace Development

What’s next

Following FEC approval, CCECC Nigeria Ltd. is expected to commence construction of the N34.4 billion airstrip, which the government intends to use to support security, humanitarian and emergency operations in Benue State and the wider North-Central region.

Bottom line

The Federal Government sees the planned Gboko airstrip as dual-purpose infrastructure that will strengthen security operations while improving emergency response and humanitarian access in a strategically important part of the country.

REDAN urges review of Abuja Master Plan, opposes encroachment on parks

REDAN Acquires N26 Billion For Housing Fund From Shelter Afrique

Key points

  • REDAN has urged the FCT Administration to review the Abuja Master Plan without altering designated parks and green areas.
  • The association recommends redeveloping low-density neighbourhoods into high-rise developments instead of converting green spaces.
  • It says expanding infrastructure into undeveloped areas offers a more sustainable solution to Abuja’s growing population.
  • REDAN describes parks as essential environmental assets that should be preserved for future generations.

Main story

The Real Estate Developers Association of Nigeria (REDAN) has called on the Minister of the Federal Capital Territory (FCT), Nyesom Wike, to review the Abuja Master Plan without compromising designated parks and green areas.

The President of REDAN, Oba Akintoye Adeoye, made the appeal in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.

Adeoye, who is also the paramount ruler of the Okeigbo community in Ondo State, said the FCT Administration should consider redeveloping low-density neighbourhoods into high-rise buildings rather than encroaching on environmentally sensitive areas.

He explained that many cities around the world had accommodated population growth through urban redevelopment while preserving parks and green spaces.

According to him, replacing low-rise buildings with high-rise developments would create additional housing and commercial space without sacrificing critical environmental infrastructure.

Adeoye described parks as legacy assets that play an important role in maintaining ecological balance and improving the quality of urban life.

He argued that destroying green areas would have long-term environmental consequences and should not be considered a sustainable solution to land shortages.

The REDAN president acknowledged that master plans are dynamic planning documents that should be reviewed periodically to respond to changing urban realities.

However, he stressed that any amendments should address emerging development challenges without undermining the environmental principles on which the Abuja Master Plan was originally designed.

Adeoye questioned the rationale for altering designated parks and warned against using land scarcity as justification for converting green spaces into residential or commercial developments.

Instead, he urged the government to expand the city by extending infrastructure such as roads, electricity, water supply, rail and ferry services into undeveloped areas.

He said opening up new districts through strategic infrastructure investments would provide more land for development while preserving Abuja’s parks and environmental heritage.

Adeoye maintained that reviewing the Abuja Master Plan was appropriate where necessary, provided designated green areas remained protected.

The issues

As Abuja’s population continues to grow, pressure on land has intensified, prompting debates over land use and urban expansion. While periodic reviews of master plans are common in growing cities, urban planners and environmental advocates have warned that reducing parks and green areas could undermine environmental sustainability, increase urban heat and reduce residents’ quality of life.

What’s being said

“Parks should be treated as legacy infrastructure, which should not be touched. Your parks are part of your ecosystem.” — Oba Akintoye Adeoye, President, REDAN

“You expand by extending infrastructure to areas that are not yet developed.” — Oba Akintoye Adeoye, President, REDAN

What’s next

REDAN wants the FCT Administration to pursue future reviews of the Abuja Master Plan through urban redevelopment and infrastructure expansion while preserving designated parks and green spaces.

Bottom line

REDAN supports updating the Abuja Master Plan to meet future development needs but insists that urban growth should be achieved through redevelopment and infrastructure expansion rather than sacrificing the city’s environmental assets.

NIWA, NEMA strengthen partnership on flood preparedness, waterway safety

NEMA
NEMA Records 14,036 Nigerian Returnees from Libya, Others

Key points

  • NIWA and NEMA have agreed to deepen collaboration to improve flood preparedness and emergency response during the rainy season.
  • NIWA plans to expand its Emergency River Marshals initiative by training volunteers in riverine communities.
  • Both agencies say closer cooperation will enhance waterway safety and reduce water-related disasters.
  • The partnership will focus on safety training, capacity building and public awareness campaigns.

Main story

The National Inland Waterways Authority (NIWA) and the National Emergency Management Agency (NEMA) have strengthened their partnership to improve flood preparedness and enhance safety on Nigeria’s inland waterways ahead of the peak of the rainy season.

The renewed collaboration was agreed during a courtesy visit by officials of NIWA’s Kaduna Area Office to the NEMA Kaduna Operations Office on Tuesday.

Speaking during the visit, the Kaduna Area Manager of NIWA, Muhammad Bala, said closer cooperation had become necessary as the rainy season increased the risk of flooding and other water-related emergencies.

He said sustained collaboration between both agencies would improve emergency preparedness, disaster response and safety across Nigeria’s inland waterways.

Bala announced that NIWA would expand its Emergency River Marshals initiative by training volunteers in riverine communities to respond to emergencies and promote safer water transportation.

He added that the authority was committed to working with NEMA through joint safety training, capacity-building programmes and public sensitisation campaigns aimed at reducing water-related disasters.

Responding, the Head of NEMA’s Kaduna Operations Office, Halima Suleiman, described the engagement as timely, given the heightened flood risks associated with the rainy season.

She said stronger institutional collaboration would improve disaster preparedness and emergency response efforts, particularly in vulnerable communities.

Suleiman also assured the NIWA delegation that NEMA would implement the resolutions reached during the meeting and sustain the partnership to protect lives and property.

The issues

Flooding and boat accidents remain recurring challenges across Nigeria during the rainy season, particularly in riverine communities. Improved coordination between emergency management agencies and waterway regulators is considered critical to strengthening early warning systems, emergency response and public safety.

What’s being said

“We are ready to work with NEMA through safety training, capacity-building programmes and public sensitisation to reduce water-related disasters.” — Muhammad Bala, Kaduna Area Manager, NIWA

“Stronger collaboration will enhance disaster preparedness and response, particularly during the ongoing rainy season.” — Halima Suleiman, Head, NEMA Kaduna Operations Office

What’s next

NIWA will expand its Emergency River Marshals programme while both agencies implement joint training, public awareness campaigns and emergency preparedness initiatives to reduce flood-related risks during the rainy season.

Bottom line

NIWA and NEMA are strengthening cooperation ahead of the peak rainy season, with both agencies seeking to improve flood preparedness, emergency response and safety on Nigeria’s inland waterways.

Beyond the Parade ground: Can a civilian-led NYSC prepare Nigeria’s graduates for the future of work?

NYSC Suspends Orientation Camp

For more than five decades, the National Youth Service Corps (NYSC) has remained one of Nigeria’s most enduring national institutions, shaping the transition of millions of graduates from the classroom to public life. Since its establishment in 1973 in the aftermath of the Civil War, the scheme has symbolised national unity, exposing young Nigerians to cultures beyond their states of origin while promoting integration through compulsory one-year service.

For generations of graduates, the NYSC experience has been almost predictable. It begins with the excitement of receiving a call-up letter, followed by the iconic khaki uniform, the three-week orientation camp filled with military drills, parade rehearsals and morning exercises, before deployment to places many had never imagined living or working.

Yet, beneath the nostalgia lies an uncomfortable reality.

Nigeria’s labour market has evolved dramatically since the scheme was conceived more than half a century ago. Graduate unemployment continues to rise, employers increasingly demand practical skills over certificates, while technological disruption is reshaping the nature of work. In many cases, corps members complete their service year without acquiring the competencies required to compete in an increasingly digital and knowledge-driven economy.

These realities have fuelled longstanding debates over whether the NYSC, in its current form, still meets the aspirations of young Nigerians or the developmental needs of the country. That conversation may now be entering a new chapter.

The Federal Executive Council (FEC) has approved what government officials describe as the most comprehensive overhaul of the National Youth Service Corps since its creation 53 years ago. More than a cosmetic review, the reforms seek to fundamentally reposition the scheme from a programme known largely for ceremonial drills and geographical deployment into one focused on workforce development, entrepreneurship, employability and national productivity.

If fully implemented, the reforms will alter virtually every aspect of the NYSC experience, from leadership and orientation camp activities to deployment procedures, career development and even the identity of corps members themselves.

Perhaps the most symbolic change is the decision to place the scheme under civilian leadership, while retaining the military’s responsibility for security and orientation exercises. It signals a deliberate shift in philosophy, from preparing graduates primarily for national service to preparing them for the future of work.

The reforms also extend the orientation programme from three weeks to six weeks, introducing structured career development modules alongside specialised professional training intended to bridge the widening gap between higher education and industry demands.

Speaking after the Federal Executive Council meeting where the reforms were approved, the Special Adviser to President Bola Tinubu on Policy Coordination, Hadiza Bala Usman, said the new orientation programme would be completely redesigned to ensure corps members leave camp with practical competencies that extend beyond military drills and civic education.

According to her, the six-week orientation programme will be divided into three carefully structured phases.

“The first two weeks will focus on civic responsibility, national values and leadership development,” she explained.

She disclosed that the second phase would shift attention to preparing graduates for life after school through career-focused training.

“The next two weeks will cover career mapping, financial literacy, business planning and access to finance,” she said, adding that government also intends to introduce “a structured Career Day programme to enable corps members to engage directly with the public.”

The final phase, Usman noted, would be devoted entirely to professional development.

“The final two weeks, which we consider a minimal period, will provide specialised training based on each corps member’s chosen career stream,” she said.

Unlike the existing structure, where all corps members undergo largely identical orientation activities regardless of their academic background, the reformed programme introduces a personalised approach to training.

Under the new framework, prospective corps members will select one of 11 specialised professional streams during registration. They include Agric Corps, Medical Corps, Education Corps, Tech and Digital Corps, Legal Corps, Public Service Corps, Infrastructure Corps, Green Corps, Enterprise Corps, Creative Economy Corps, and Paramilitary and Security Corps.

Once assigned to a stream, each participant will be recognised accordingly, for instance, as a member of the Medical Corps or Tech and Digital Corps and will undergo specialised training aligned with that professional pathway.

Usman said the objective is to ensure that national service contributes directly to graduates’ long-term careers rather than serving merely as a transitional obligation.

“The specialised streams are designed to equip graduates with practical skills tailored to their academic backgrounds, career interests and the country’s workforce needs,” she said.

Beyond skills development, the reforms also seek to address one of the most contentious issues surrounding the NYSC in recent years.

According to Usman, deployment procedures will now take prevailing security realities into account before corps members are posted across states.

She explained that the review introduces a more risk-sensitive deployment model intended to reduce exposure to insecurity while preserving the scheme’s national integration mandate.

The reforms further replace the traditional Passing Out Parade with a graduation ceremony and introduce a redesigned NYSC uniform aimed at reflecting professionalism and national pride.

Orientation camps across the federation will equally undergo grading and certification to standardise facilities and improve the overall camp experience.

Minister of Youth Development, Comrade Ayodele Olawande, described the changes as the first holistic review of the NYSC since its establishment in 1973, saying the reforms are intended to reposition the scheme as a strategic institution for youth development and national economic transformation.

Government officials believe the overhaul forms part of President Bola Tinubu’s broader human capital development agenda aimed at building a $1 trillion economy, with young graduates expected to become active contributors to national productivity rather than passive participants in mandatory service.

To provide legal backing for the reforms, the Federal Executive Council has directed the Attorney-General of the Federation, in collaboration with the Federal Ministry of Youth Development, to commence amendments to the NYSC Act and other relevant regulations before implementation begins.

Experts Weigh the Opportunities and Risks

While the announcement has generated excitement among many young Nigerians, policy experts argue that the success of the reforms will depend less on their ambition than on effective implementation.

Chief Executive Officer of Open Innovation Access, Sola Adekanye, while speaking on Channels Television, believes the reforms have the potential to transform the NYSC into one of Nigeria’s most strategic workforce development institutions.

“The reform aligns with the government’s ambition of building a $1 trillion economy because it repositions the National Youth Service Corps as a strategic platform for workforce development,” he said.

“Rather than being just a national service scheme, NYSC can now serve as critical infrastructure for developing the skilled workforce required to drive economic growth. This makes the $1 trillion economy agenda more achievable by providing a concrete implementation plan.”

However, Adekanye warned that good policies alone would not guarantee success.

“We believe this is the right direction for the country. However, some risks must be addressed. The first is execution risk. The reform still requires legislative approval and the necessary legal framework before it can be implemented.

“The second is funding risk. Without adequate funding, the reforms will remain good ideas on paper. Government must provide the resources needed to implement the programme effectively, including the certification framework that will give the specialised training credibility and recognition.”

He further argued that the reforms represent a philosophical shift in the purpose of national service itself.

“The reform reaffirms the true purpose of national service by focusing it on advancing Nigeria’s national agenda. Under the previous arrangement, the value of service was often questionable because it centred largely on geographical or rural deployment rather than on national development priorities.”

“With this reform, the emphasis shifts to identifying what the nation needs and equipping young people with the skills to meet those needs. The six-week orientation will focus on specialised training in participants’ chosen fields, ensuring they are prepared to contribute meaningfully.”

Drawing international comparisons, Adekanye noted that countries such as Germany have successfully linked youth development with workforce demands through vocational education, while Israel has demonstrated how civilian-led national service can strengthen innovation, cybersecurity and national resilience.

“This reform seeks to apply a similar principle by making national service more purposeful and aligned with Nigeria’s development goals,” he added.

Yet, despite the optimism expressed by policymakers and policy analysts, perhaps the most important voices belong to those who will ultimately experience the reforms, the thousands of Nigerian graduates preparing to wear the khaki uniform.

For many prospective corps members, the announcement has sparked cautious optimism, with hopes that the service year may finally become more relevant to their professional aspirations than ever before.

For Tunde Adebayo, a prospective corps member and Information Technology graduate from the University of Ibadan, the reforms represent an opportunity to make the service year more relevant to graduates’ career paths.

“It sounds encouraging because many graduates have always wanted their service year to contribute directly to their careers,” he said.

“If the Tech and Digital Corps is properly implemented, people with technology backgrounds can gain practical experience instead of being posted to assignments that have little connection with their profession. My concern is whether the selection process for the different streams will be transparent and fair.”

Chioma Nnamdi, another prospective corps member awaiting mobilisation in Enugu, believes the civilian leadership model could reshape the philosophy of the scheme.

“The emphasis should now be on preparing young people for work and entrepreneurship,” she said.

“If the government follows through with the promised business planning, financial literacy and career development programmes, graduates will leave camp with skills that can actually improve their chances in the labour market.”

Not everyone, however, is convinced that the reforms alone can address the challenges facing Nigerian graduates.

For Farouq Umar, who is awaiting mobilisation in Lagos, the success of the initiative will depend largely on what happens after the orientation camp.

“Skills acquisition is important, but graduates also need opportunities after service,” he noted.

“The reforms should not end with training alone. There should be stronger partnerships with employers, access to startup support and opportunities that help corps members translate those skills into jobs or businesses.”

Similarly, Blessing Ewache, a prospective corps member from Benue State, welcomed the introduction of risk-sensitive deployment but said more clarity was needed.

“Security remains a major concern for many of us. If deployment will now consider both our career paths and security realities, then the government should clearly explain how those decisions will be made so that prospective corps members understand the process.”

Among those already serving, the proposed changes have sparked reflection on what future batches could gain.

A serving corps member in Lagos State, Ibrahim Mohammed, believes the reforms address some of the longstanding criticisms of the orientation camp.

“Most of what we did during camp revolved around drills and parade rehearsals,” he said.

“If future corps members spend more time learning practical skills, networking with employers and preparing for life after service, then the programme will become much more valuable.”

Another serving corps member, Funmi Adeyemi, also serving in Lagos State, said successful implementation would require significant investment in infrastructure.

“The vision is commendable, but the government must improve the facilities in orientation camps; many camps still struggle with overcrowded hostels and inadequate infrastructure. Introducing new programmes without addressing those challenges could make implementation difficult,’’ she said.

To better understand how the transition to civilian leadership and the implementation of the reforms would be managed, Bizwatch Nigeria sought clarification from the National Youth Service Corps.

Efforts to obtain reaction from the NYSC’s Director- General, Brigadier-General Olakunle  Nafiu, were unsuccessful, as of the time of filing this report.

The Federal Government has directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to commence amendments to the NYSC Act and other relevant regulations to provide the legal framework for the reforms.

Inflation: Healthy meal costs Nigerians N1,589 a day as food prices continue to bite

…Despite moderating annual inflation, the cost of maintaining a nutritious diet continues to rise, placing fresh pressure on household budgets across Nigeria.

Key Points

  • Nigeria’s daily Cost of a Healthy Diet (CoHD) rose to N1,589 per adult in April 2026.
  • The figure represents a 3.12% increase from N1,541 recorded in March 2026.
  • On a year-on-year basis, the cost increased by 4.74% from N1,518 in April 2025.
  • Animal-source foods remained the most expensive component of a healthy diet, accounting for 40% of total daily food costs.
  • Ekiti State recorded the highest daily healthy diet cost at N2,036, while Adamawa State recorded the lowest at N1,143.
  • The South-East posted the highest regional average daily healthy diet cost at N1,830, while the North-East recorded the lowest at N1,415.
  • Rising food costs persist despite easing annual food inflation and slower monthly inflation growth.

Main Story

Nigerians are spending more to maintain a healthy diet, with the minimum daily cost of meeting an adult’s nutritional requirements rising to N1,589 in April 2026, according to the latest Cost of a Healthy Diet (CoHD) report released by the National Bureau of Statistics (NBS).

The report showed that the daily cost increased by 3.12 per cent from N1,541 recorded in March and by 4.74 per cent from N1,518 in April 2025, highlighting the continued pressure on household purchasing power despite signs that overall inflation is beginning to moderate.

According to the bureau, the increase was driven by rising prices across nearly all food groups, with starchy staples emerging as the only category to record a decline during the month.

The development comes as Nigeria closed the second quarter with three consecutive months of rising headline inflation. The NBS Consumer Price Index (CPI) report showed that headline inflation increased from 15.69 per cent in April to 15.93 per cent in May, although the monthly inflation rate slowed to 1.75 per cent from 2.13 per cent recorded in April.

While annual food inflation eased significantly to 16.96 per cent in May compared with 24.55 per cent in the corresponding period of 2025—supported by improved exchange rate stability, easing supply constraints and favourable base effects—the slowdown has yet to translate into meaningful relief for consumers.

The report noted that monthly food inflation remained elevated at 2.98 per cent in May despite moderating from 3.63 per cent in April, indicating that food prices are still increasing, albeit at a slower pace.

Animal-source foods remained the costliest component of a healthy diet, accounting for 40 per cent of total expenditure while contributing just 13 per cent of daily calorie requirements. Fruits accounted for 16 per cent of total diet costs, while vegetables represented 14 per cent, despite contributing relatively small proportions of daily calorie intake.

Geographically, Ekiti State recorded the highest average daily cost of a healthy diet at N2,036, followed by Imo State at N2,018 and Bayelsa State at N1,909. At the opposite end, Adamawa State posted the lowest daily cost at N1,143, ahead of the Federal Capital Territory at N1,278 and Akwa Ibom State at N1,314.

On a zonal basis, the South-East recorded the highest average daily healthy diet cost at N1,830, followed by the South-West at N1,753, while the North-East remained the least expensive region with an average cost of N1,415.

The NBS also identified the country’s most cost-efficient healthy food options. White beans emerged as the least expensive choice in the legumes, nuts and seeds category across 65 per cent of state sectors, while palm oil was the cheapest option among oils and fats in 62 per cent of state sectors. White garri and white maize grains were the most commonly selected low-cost starchy staples nationwide.

The bureau added that although prices of starchy staples as well as oils and fats declined over the past year, every other food category recorded annual price increases, sustaining upward pressure on the overall cost of maintaining a healthy diet.

The Issues

The latest figures underscore the growing challenge of food affordability for millions of Nigerians as wages continue to lag behind the rising cost of living. Although inflationary pressures appear to be moderating on an annual basis, households are yet to experience corresponding reductions in food prices.

The report also highlights the high cost of protein-rich foods, which remain essential for balanced nutrition but consume the largest share of household food budgets. Persistent regional disparities in food prices further suggest uneven access to affordable nutritious meals across the country.

What’s Being Said

National Bureau of Statistics (NBS)

“The month-on-month increase in the Cost of a Healthy Diet was driven by price increases across most food groups, with starchy staples being the only category to record a decline.”

National Bureau of Statistics (NBS)

“Animal-source foods accounted for 40 per cent of the total cost of a healthy diet despite contributing only 13 per cent of daily calorie requirements.”

What’s Next

Analysts will closely monitor June inflation data to determine whether slowing monthly inflation begins to ease pressure on food prices. Policymakers are also expected to intensify efforts aimed at improving agricultural productivity, strengthening food supply chains and stabilising prices to improve access to nutritious diets.

The performance of food inflation over the coming months will remain a key indicator of the effectiveness of ongoing economic reforms and efforts to improve household welfare.

Bottom Line

Although Nigeria’s inflation rate is showing signs of moderation, the cost of maintaining a healthy diet continues to rise, leaving millions of households spending more each day to meet basic nutritional needs. Until food prices begin to ease more substantially, many Nigerians will continue to face difficult choices between affordability and adequate nutrition.

Lagos tops Nigeria’s HIV burden as new infections hit 102,025 in 2025

  • Public health alert. Lagos, Rivers and Kano account for the highest number of new HIV infections as experts warn that declining funding could threaten decades of progress against the epidemic.

Key Points

  • Nigeria recorded 102,025 new HIV infections across the 36 states and the Federal Capital Territory in 2025.
  • Lagos State accounted for the highest number of new infections with 10,430 cases, followed by Rivers (6,287) and Kano (6,106).
  • Other states with high infection rates include Akwa Ibom, Taraba, Benue, Anambra, Kaduna, Adamawa and the FCT.
  • The figures were contained in the Federal Ministry of Health and Social Welfare’s State of the Health of the Nation Report 2025.
  • Health authorities say Nigeria remains committed to achieving the 95-95-95 HIV treatment targets to end AIDS as a public health threat by 2030.
  • UNAIDS and the National Agency for the Control of AIDS (NACA) have warned that declining international donor funding could reverse progress if domestic financing is not strengthened.

Main Story

Nigeria recorded a total of 102,025 new HIV infections across its 36 states and the Federal Capital Territory in 2025, with Lagos State accounting for the highest number of new cases at 10,430, according to the Federal Ministry of Health and Social Welfare’s State of the Health of the Nation Report 2025.

The report, obtained by our correspondent, provides a comprehensive state-by-state breakdown of newly reported HIV infections, highlighting the continued geographical concentration of the epidemic despite years of expanded prevention, testing and treatment interventions.

According to the report, Rivers State ranked second with 6,287 new infections, followed closely by Kano State with 6,106.

Other states recording significant numbers of new infections include Akwa Ibom (5,413), Taraba (4,854), Benue (4,804), Anambra (4,468), Kaduna (3,659), Adamawa (2,989) and the Federal Capital Territory (2,764).

States that also reported more than 2,000 new infections include Cross River (2,595), Sokoto (2,592), Abia (2,546), Imo (2,537), Delta (2,469), Borno (2,311), Ogun (2,107), Plateau (2,084), Niger (2,020) and Ebonyi (2,015).

At the lower end of the spectrum were Ekiti (462), Bayelsa (982), Gombe (1,083), Osun (1,093), Kwara (1,371), Enugu (1,429), Yobe (1,483), Katsina (1,541) and Kebbi (1,572).

The latest figures underscore that HIV remains one of Nigeria’s most significant public health challenges despite notable progress in expanding access to life-saving antiretroviral therapy and reducing AIDS-related deaths.

Nigeria currently operates one of the world’s largest HIV treatment programmes, supported by the Federal Government alongside international development partners, with millions of people living with HIV receiving antiretroviral treatment through public health facilities nationwide.

In recent years, the Federal Government, through the National Agency for the Control of AIDS (NACA) and other partners, has intensified efforts to curb new infections by expanding free HIV testing services, scaling up Prevention of Mother-to-Child Transmission (PMTCT) programmes, increasing access to antiretroviral medicines, promoting pre-exposure prophylaxis (PrEP) among high-risk populations, strengthening community awareness campaigns and improving disease surveillance through digital health information systems.

Nigeria has also adopted the global 95-95-95 treatment targets, which aim to ensure that 95 per cent of people living with HIV know their status, 95 per cent of those diagnosed receive sustained treatment, and 95 per cent of those on treatment achieve viral suppression by 2030.

Health authorities maintain that meeting these targets remains critical to ending AIDS as a public health threat within the decade.

The Issues

Although Nigeria has made considerable progress in HIV prevention and treatment over the past two decades, the latest figures highlight persistent challenges in reducing new infections.

Public health experts continue to identify young people, adolescent girls and young women, infants exposed to HIV, and key populations as among those most vulnerable to new infections.

Experts also warn that declining international donor support could significantly weaken HIV prevention, testing and treatment programmes unless governments increase domestic financing and strengthen community-based interventions.

The concentration of new infections in a relatively small number of states also suggests the need for more targeted prevention strategies, enhanced surveillance systems and sustained public education campaigns in high-burden areas.

What’s Being Said

Winnie Byanyima, Executive Director, UNAIDS

Speaking during the launch of the 2025 Global AIDS Update on July 10, 2025, Byanyima warned that although remarkable progress has been made globally in reducing HIV infections and AIDS-related deaths, the gains remain fragile.

She disclosed that approximately 1.3 million people acquired HIV worldwide in 2024 and stressed that sustained investments in prevention, testing and treatment remain essential to keeping the epidemic under control.

Earlier, during a Multistakeholder Consultation on the Global AIDS Strategy held on April 28, 2025, she cautioned that HIV “is not over,” urging governments to strengthen domestic financing and sustain prevention programmes to prevent a resurgence of infections.

Dr Temitope Ilori, Director-General, National Agency for the Control of AIDS (NACA)

Dr Ilori has consistently called for stronger domestic financing and greater community ownership of Nigeria’s HIV response.

Speaking at various engagements in 2025, she reaffirmed Nigeria’s commitment to reducing new HIV infections through expanded access to HIV testing, treatment and prevention services while strengthening the country’s overall health systems.

She also emphasised the importance of sustaining investments in HIV programmes to consolidate the gains already recorded in the country’s response to the epidemic.

What’s Next

Health authorities are expected to intensify HIV prevention and testing campaigns, particularly in states recording the highest number of new infections.

Government is also expected to strengthen domestic financing for HIV programmes while expanding access to treatment, prevention services and community-based interventions to sustain progress toward achieving the global 95-95-95 targets.

Public health stakeholders say continued surveillance, targeted interventions in high-burden states and sustained investments will be critical if Nigeria is to meet its goal of ending AIDS as a public health threat by 2030.

Bottom Line

Despite years of expanded treatment and prevention efforts, Nigeria recorded 102,025 new HIV infections in 2025, underscoring that the epidemic remains a major public health challenge. With Lagos, Rivers and Kano accounting for the highest number of new cases, health experts say sustained domestic investment, targeted interventions and strengthened prevention programmes will be essential to reversing the trend and achieving the country’s HIV elimination goals.

Dollar To Naira Exchange Rate Today, June 30th, 2026

Dollar To Naira Exchange Rate

The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange,the official forex trading portal, showed that the naira closed at 1390 per $1 on tuesday , June 30th 2026. The naira traded as high as 1377 to the dollar at the investors and exporters (I&E) window on Monday. This is brought to you by Bizwatch Nigeria.

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

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

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1400 and buy at ₦1387 on Monday 29th June, 2026, according to sources at Bureau De Change (BDC).

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

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate₦1400
Buying Rate₦1387

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)CBN Rate Today
Highest Rate₦1390
Lowest Rate₦1377

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

Paraguay shock Germany on penalties to reach World Cup last 16

By Boluwatife Oshadiya | June 30th 2026

Key Points

  • Paraguay eliminated Germany on penalties after a 1-1 draw in the FIFA World Cup Round of 32
  • Julio Enciso opened the scoring before Kai Havertz levelled for Germany
  • Jonathan Tah’s missed penalty sealed one of the tournament’s biggest upsets

Main Story

Paraguay produced one of the biggest surprises of the FIFA World Cup by defeating four-time champions Germany on penalties after a hard-fought 1-1 draw in Boston to reach the World Cup last 16

Despite dominating possession throughout much of the first half, Germany struggled to create meaningful opportunities against Paraguay’s disciplined defensive setup. Their only effort on target before the break came from Joshua Kimmich, whose tame strike posed little threat.

Paraguay capitalised on one of their few attacking moves in the opening half. Miguel Almirón combined with Matías Galarza before Julio Enciso headed home to give La Albirroja an unlikely lead heading into halftime.

Germany improved after the restart and eventually found an equaliser when substitute Leon Goretzka’s cross was flicked into the net by Kai Havertz for his third goal of the tournament.

The remainder of normal time and extra time produced few clear-cut chances. Germany thought they had completed the comeback when Jonathan Tah headed into the net, but the goal was ruled out following a VAR review that identified a foul on Paraguay goalkeeper Orlando Gill.

The contest eventually went to penalties, where both teams missed two attempts before Tah blazed Germany’s decisive kick over the bar. José Canale converted Paraguay’s final penalty to secure a famous victory and send the South Americans into the quarter-finals.

The defeat marks another disappointing World Cup exit for Germany, whose wait for a return to the latter stages of the tournament continues.

What’s Being Said

Paraguay captain Miguel Almirón praised his team’s determination following the historic victory.

“This group believed from the first day that we could compete with anyone. Tonight we showed courage, discipline and heart,” Almirón said after the match.

Germany coach Julian Nagelsmann admitted his side failed to capitalise on their dominance.

“We controlled possession but did not create enough clear chances. At this level, those margins decide matches,” Nagelsmann said.

What’s Next

  • Paraguay will face either France or Sweden in the World Cup quarter-finals.
  • Germany will begin preparations for their next international competitions following another early World Cup exit.
  • FIFA will confirm Paraguay’s quarter-final fixture after the remaining Round of 32 matches conclude.

Bottom Line: Paraguay’s disciplined defensive display and composure in the penalty shootout delivered one of the World Cup’s biggest upsets, while Germany’s inability to convert possession into decisive chances once again exposed recurring problems in knockout football.

Brazil edge Japan with late winner to reach World Cup last 16

By Boluwatife Oshadiya | June 30th 2026

Key Points

  • Brazil scored a stoppage-time winner to defeat Japan 2-1 in the FIFA World Cup Round of 32
  • Japan took a first-half lead through Kaishū Sano before Casemiro equalised after the break
  • Gabriel Martinelli’s late strike keeps Brazil on course for a potential clash with Argentina

Main Story

Brazil survived a determined challenge from Japan to secure a dramatic 2-1 victory in stoppage time and book their place in the FIFA World Cup Round of 16 after an entertaining knockout contest at Houston Stadium.

Japan stunned the five-time world champions midway through the first half when Kaishū Sano collected possession near the halfway line, surged past Casemiro and fired a low strike beyond Alisson Becker in the 29th minute to hand the Samurai Blue a deserved lead.

Brazil, who had struggled in recent World Cup matches after conceding first, responded with greater urgency following the interval. Their pressure eventually paid off just before the hour mark when Casemiro powered home a header from Gabriel Magalhães’ cross to restore parity.

The Seleção continued to dominate proceedings as Japan gradually lost momentum. Vinícius Júnior came close to producing one of the tournament’s standout goals before seeing his effort pushed onto the woodwork by goalkeeper Zion Suzuki.

With extra time looming, Brazil found the breakthrough. Bruno Guimarães delivered a precise pass to Gabriel Martinelli, who calmly bent his effort into the far corner after clipping the post in stoppage time to complete the comeback and seal qualification.

The victory extends Brazil’s long-standing dominance over Japan in competitive fixtures and keeps their hopes of another World Cup title alive.

What’s Being Said

Brazil midfielder Casemiro praised his team’s resilience after recovering from an early setback.

“We stayed calm, trusted our football and kept pushing until the very end. These knockout matches are decided by character as much as quality,” Casemiro said after the match.

Japan coach Hajime Moriyasu acknowledged his side’s effort despite the defeat.

“The players gave everything against one of the world’s strongest teams. It is painful to lose so late, but we can be proud of our performance,” Moriyasu said.

What’s Next

  • Brazil advance to the Round of 16 and remain on course for a potential meeting with Argentina later in the tournament.
  • Japan’s elimination extends their wait for a first World Cup knockout victory.
  • FIFA will confirm Brazil’s next fixture following completion of the remaining Round of 32 matches.

Bottom Line: Brazil once again demonstrated why experience matters in knockout football. While Japan impressed for long periods, Brazil’s superior quality and composure in decisive moments proved the difference.

Morocco edge Netherlands on penalties to reach FIFA world cup round of 16

By Boluwatife Oshadiya | June 30, 2026

Key Points

  • Morocco defeated the Netherlands 3-2 on penalties after a 1-1 draw to secure a place in the FIFA World Cup Round of 16.
  • Goalkeeper Yassine Bounou emerged as Morocco’s hero with a decisive penalty save, while Ismael Saibari converted the winning spot-kick.
  • The result ended the Netherlands’ 11-match unbeaten run in competitive fixtures and sent Morocco into the knockout stage for only the third time in the nation’s history.

Main Story

Morocco booked their place in the FIFA World Cup Round of 16 after defeating the Netherlands 3-2 in a penalty shootout following a pulsating 1-1 draw after extra time at Estadio Monterrey.

The Atlas Lions produced one of the tournament’s biggest upsets, overcoming a Dutch side that entered the contest unbeaten in its previous 11 competitive matches. Goalkeeper Yassine Bounou played a decisive role in the victory, making a crucial save during the shootout before Ismael Saibari converted the winning penalty to send Morocco through.

The Netherlands enjoyed greater possession during the opening stages, but Morocco created the clearer opportunities. Bart Verbruggen kept the Dutch level with outstanding saves to deny Neil El Aynaoui and Achraf Hakimi, while Yassine Bounou responded with key interventions at the opposite end to preserve the deadlock before halftime.

Morocco continued to threaten after the restart, with Hakimi striking the crossbar and Brahim Díaz narrowly missing an opening. Despite the North Africans’ dominance in attacking areas, it was the Netherlands that broke the deadlock in the 71st minute when Crysencio Summerville set up Cody Gakpo, who calmly finished past Bounou.

The Atlas Lions refused to surrender and found a dramatic equaliser deep into stoppage time. Chemsdine Talbi delivered an inviting cross that was headed home by Issa Diop, forcing the match into extra time.

Neither side could find a winner despite several chances, including a remarkable point-blank save from Verbruggen to deny Soufiane Rahimi, leaving penalties to decide the contest.

The shootout swung repeatedly before Bounou denied Crysencio Summerville, allowing Saibari to convert the decisive penalty and secure Morocco’s progression.

“We continued believing until the final kick, and the players showed tremendous character under pressure,” Morocco’s coaching staff said after the match.

What’s Being Said

Morocco’s disciplined defensive display and resilience drew praise after the Atlas Lions recovered from conceding late in normal time to eliminate one of Europe’s strongest teams.

Dutch captain Virgil van Dijk admitted his side failed to capitalise on its opportunities, while Morocco celebrated another landmark achievement on the world stage after reaching the knockout rounds for only the third time.

What’s Next

  • Morocco will face Canada in the Round of 16 as they continue their pursuit of a historic World Cup run.
  • The Netherlands exit the tournament after seeing their 11-match unbeaten competitive streak come to an end.
  • Morocco will hope the performances of Bounou, Hakimi and Saibari can propel the team deeper into the competition.

Bottom Line

The Bottom Line: Morocco combined defensive discipline, resilience and composure under pressure to eliminate the Netherlands in one of the standout results of the World Cup knockout stage. With confidence growing and momentum on their side, the Atlas Lions have shown they possess the quality to challenge the tournament’s traditional heavyweights.

CBN mops Up ₦947 billion through fresh OMO bills auction

By Boluwatife Oshadiya | June 30, 2026

Key Points

  • CBN allots ₦947 billion in Open Market Operation (OMO) bills after attracting ₦1.1 trillion in investor subscriptions
  • Auction follows last week’s liquidity mop-up as the apex bank intensifies efforts to manage excess cash in the banking system
  • Financial system liquidity remains elevated despite aggressive monetary tightening measures

Main Story

The Central Bank of Nigeria (CBN) has withdrawn ₦947 billion from the financial system through its latest Open Market Operation (OMO) bills auction, as the apex bank stepped up efforts to curb excess liquidity and reinforce its tight monetary policy stance.

The CBN offered ₦600 billion worth of OMO bills across 22-day and 134-day maturities during Monday’s auction. However, strong investor demand pushed total subscriptions to ₦1.1 trillion, prompting the Bank to allot ₦947 billion worth of the securities.

The stop rates settled at 21.71% for the 22-day tenor and 20.06% for the 134-day tenor, reflecting sustained investor appetite for high-yield fixed-income instruments amid elevated interest rates.

The latest auction comes barely a week after the apex bank absorbed approximately ₦4.8 trillion from the banking system through similar liquidity management operations.

Despite the aggressive mop-up, liquidity across the financial system has remained resilient. According to market intelligence from Futureview Financial Limited, system liquidity rose to ₦4.03 trillion on Monday from ₦3.48 trillion, supported by stronger opening balances held by discount houses and increased bank placements through the Standing Deposit Facility (SDF).

Meanwhile, trading in the secondary market for Federal Government of Nigeria (FGN) bonds remained bearish, with investors reducing holdings across the yield curve following the repricing of securities at the Debt Management Office’s recent bond auction.

“The increase in system liquidity was largely driven by higher opening balances maintained by discount houses alongside sizeable banks’ net placements at the Standing Deposit Facility despite liquidity absorption from net OMO bills sales,” Futureview Financial Limited said in its daily market update.

What’s Being Said

Market analysts said the latest OMO auction demonstrates the CBN’s continued commitment to tightening liquidity conditions in a bid to contain inflationary pressures and stabilise the foreign exchange market.

Futureview Financial Limited noted: “System liquidity increased to ₦4.03 trillion from ₦3.48 trillion despite continued liquidity absorption through OMO operations.”

What’s Next

  • Investors will closely monitor the CBN’s next liquidity management operations to assess the direction of money market rates.
  • The Monetary Policy Committee’s upcoming meeting is expected to provide further guidance on the Bank’s inflation and liquidity management strategy.
  • Market participants will also watch movements in Treasury bill and bond yields for signals on investor sentiment and future borrowing costs.

Bottom Line

The Bottom Line: The CBN’s latest ₦947 billion OMO auction underscores its determination to absorb excess liquidity and sustain a tight monetary environment. However, with liquidity levels remaining elevated despite repeated interventions, the apex bank may need to maintain frequent market operations to keep inflation and exchange rate pressures under control.

Nigeria approves $2.96bn, €200m, ₦215bn to drive transport, agriculture, power, MSME growth

By Boluwatife Oshadiya | June 30, 2026

Key Points

  • Federal Executive Council approves financing packages worth $2.96 billion, €200 million and ₦215 billion for key sectors of the economy
  • Funding targets transportation, agriculture, renewable energy, infrastructure and affordable financing for MSMEs
  • Federal Government says the investments are designed to accelerate economic growth under the Renewed Hope Agenda

Main Story

Nigeria’s Federal Executive Council (FEC) has approved financing packages valued at $2.96 billion, €200 million and ₦215 billion to support transportation, agriculture, renewable energy, infrastructure development and financing for micro, small and medium-sized enterprises (MSMEs), in one of the administration’s largest coordinated investment approvals this year.

The approvals were announced on Monday by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following the FEC meeting chaired by President Bola Tinubu at the Presidential Villa, Abuja. The Council considered 14 memoranda presented by the Ministry of Finance, with the projects grouped into five strategic pillars aligned with the Federal Government’s Renewed Hope Agenda.

A major component of the approvals is ₦215 billion earmarked for completing outstanding investments under the Presidential Compressed Natural Gas (CNG) Initiative. The funding will support the procurement of CNG-powered buses, electric vehicles, tricycles and the expansion of conversion centres aimed at reducing transportation costs and easing pressure from rising fuel prices.

The Council also approved $900 million in financing for agricultural development, covering Special Agro-Industrial Processing Zones, rural technical training programmes and initiatives to strengthen agricultural value chains, processing capacity and value addition across the country.

In the power sector, FEC approved a $160 million renewable energy facility comprising $150 million from the Islamic Development Bank and $10 million in counterpart funding from the Niger State Government to expand rural solar electrification.

Infrastructure development also received a significant boost with the approval of a $1.2 billion financing facility for Section II of the Sokoto–Badagry Super Highway, a flagship project expected to improve logistics, interstate connectivity and economic activities across 11 states.

To improve access to finance for small businesses, the Council approved an additional €200 million and $500 million financing package through the Development Bank of Nigeria (DBN). The facility is expected to expand affordable credit for MSMEs, a sector widely regarded as the backbone of Nigeria’s economy.

“For Council, we made very strategic decisions, which I have categorised under five headings,” Edun said while briefing State House Correspondents after the meeting.

What’s Being Said

The Finance Minister said the approved financing reflects the government’s commitment to stimulating investment and productivity across critical sectors of the economy.

“The first approval focuses on transportation and how to reduce its cost,” Edun said, noting that the CNG investments would complete ongoing projects under the Presidential CNG Initiative.

On support for small businesses, he added: “We must continue to support small businesses because supporting them is supporting ourselves,” stressing that expanding access to affordable financing would strengthen Nigeria’s productive capacity and create jobs.

What’s Next

  • The Ministry of Finance and implementing agencies are expected to conclude financing agreements and begin project disbursements in the coming months.
  • The Development Bank of Nigeria will commence arrangements for the rollout of new MSME financing under the approved facilities.
  • Ministries overseeing transportation, agriculture, power and infrastructure are expected to provide implementation timelines as the projects move into execution.

Bottom Line

The Bottom Line: The scale and diversity of the approved financing underscore the Federal Government’s strategy of using targeted investments to stimulate economic activity across multiple sectors simultaneously. The success of the initiative, however, will depend less on the size of the approvals and more on timely disbursement, effective project execution and measurable economic outcomes.

Top 7 things to know about Nigeria’s sweeping NYSC reform

Lagos Has No Plans To Reduce NYSC Doctors' Allowance - Commissioner

The Federal Government has approved the most comprehensive reform of the National Youth Service Corps (NYSC) since the scheme was established in 1973. The overhaul is aimed at equipping graduates with practical skills, improving security, and aligning the one-year national service with Nigeria’s workforce and economic development goals. Here are the seven key highlights of the reform:

1. NYSC Orientation Camp Will Now Last Six Weeks

The orientation programme has been extended from the current three weeks to six weeks, giving corps members more time for leadership development, career preparation and specialised skills training.

2. The Six-Week Camp Will Be Divided into Three Training Phases

The orientation programme will now run in three distinct phases. The first two weeks will focus on civic responsibility, national values and leadership. The second phase will cover career mapping, financial literacy, business planning, access to finance and a structured Career Day. The final two weeks will provide practical, stream-specific training based on each corps member’s career path.

3. Corps Members Will Choose from 11 Specialised Career Streams

For the first time, prospective corps members will select one of 11 specialised streams during registration. These include Agric Corps, Medical Corps, Education Corps, Tech and Digital Corps, Legal Corps, Public Service Corps, Infrastructure Corps, Green Corps, Enterprise Corps, Creative Economy Corps, and Paramilitary and Security Corps. Each participant will receive training tailored to their chosen field.

4. Security Will Play a Bigger Role in Deployment

The government says corps members’ postings will now be determined with greater consideration for the security situation across different parts of the country. The new deployment model is designed to minimise risks while ensuring effective national service.

5. NYSC Will Be Led by a Civilian

Under the reform, the NYSC will now be headed by a civilian instead of military leadership. However, the military will continue to provide security support for orientation camps and corps members throughout the service year.

6. New Uniform, Graduation Ceremony and Better Camps

The reform introduces a redesigned NYSC uniform intended to reflect professionalism and national pride. It also replaces the traditional Passing Out Parade with a graduation ceremony. In addition, all orientation camps will undergo grading and certification to improve standards and ensure a more uniform experience nationwide.

7. It Is the Biggest Overhaul of NYSC in More Than Five Decades

The reform represents the first holistic review of the NYSC in its 53-year history. It covers registration, orientation, deployment, leadership, skills development and camp administration. The Federal Executive Council has also directed that the NYSC Act be amended to provide legal backing for the sweeping changes before implementation.

NBS reports revenue growth, modest customer gains in electricity distribution sector

Key points

  • Electricity distribution companies (DISCOs) recorded strong revenue growth throughout 2025 despite only modest improvements in electricity supply.
  • Total electricity customers rose to 12.16 million in Q4 2025, while metered customers increased to 6.97 million.
  • Revenue growth was driven mainly by tariff reforms, improved collections and expanded metering rather than higher electricity generation.
  • The sector continues to face structural challenges, including generation shortfalls, transmission bottlenecks, grid instability and millions of unmetered customers.

Main story

Nigeria’s electricity distribution sector became significantly stronger financially in 2025, but consumers saw only modest improvements in electricity supply, according to the National Bureau of Statistics (NBS).

The bureau’s Nigeria Electricity Distribution Reports covering the third quarter of 2024 through the fourth quarter of 2025 show that distribution companies (DISCOs) consistently increased their revenues even as electricity supplied remained relatively stable.

According to the reports, total electricity customers increased from 12.03 million in the third quarter of 2025 to 12.16 million in the fourth quarter, representing a 1.11 per cent quarter-on-quarter increase. However, customer numbers were 8.52 per cent lower than the 13.30 million recorded in the corresponding period of 2024, reflecting a statistical revision undertaken earlier in the year.

Meter deployment continued to improve, with the number of metered customers rising from 6.66 million in Q3 2025 to 6.97 million in Q4 2025, representing a 4.58 per cent quarterly increase and a 12.18 per cent increase from 6.21 million recorded in Q4 2024.

The reports indicate that tariff adjustments, improved billing systems, stronger revenue collection and gradual expansion of prepaid metering contributed more to the sector’s financial performance than increased electricity production.

Electricity supplied throughout the review period fluctuated only within a narrow range, suggesting that Nigeria did not experience any major expansion in electricity availability despite stronger financial results recorded by distribution companies.

The NBS reports also show that customer registration continued to expand while utilities gradually reduced reliance on estimated billing through increased meter installations, although millions of consumers remain without prepaid meters.

Revenue continued reaching new highs throughout 2025, reflecting improved commercial performance by DISCOs, better payment recovery mechanisms and expanding customer bases.

The reports also highlighted varying performance across distribution companies, with operators serving major urban centres generally generating significantly higher revenues than regional operators due to larger customer bases, stronger commercial demand and better collection rates.

However, the sector continued to grapple with longstanding structural constraints, including inadequate electricity generation, transmission limitations, technical and commercial losses, infrastructure deficits and grid instability.

The bureau noted that while commercial efficiency improved considerably, financial gains alone would not resolve Nigeria’s electricity challenges without sustained investments in generation, transmission and distribution infrastructure.

The issues

Nigeria’s electricity market has shifted from one primarily focused on revenue recovery to one increasingly challenged to translate financial improvements into better electricity supply. While tariff reforms, stronger billing and improved collections have strengthened the financial position of distribution companies, electricity generation and transmission capacity have not expanded at the same pace. As a result, consumers are paying more for electricity without experiencing comparable improvements in reliability and availability.

What’s being said

“Total customer numbers in Q4 2025 stood at 12.16 million, up from 12.03 million in Q3 2025, representing a 1.11% quarter-on-quarter increase.” — National Bureau of Statistics

“Metered customers reached 6.97 million in Q4 2025, representing a 4.58% increase from 6.66 million recorded in the preceding quarter.” — National Bureau of Statistics

What’s next

Future improvements in the electricity sector are expected to depend less on additional tariff adjustments and more on sustained investments in generation capacity, transmission infrastructure, grid modernisation and accelerated metering programmes aimed at reducing estimated billing and improving service delivery.

Bottom line

Nigeria’s electricity distribution companies ended 2025 in a stronger financial position, but the sector’s biggest challenge remains converting improved revenues into significantly more reliable, affordable and widely available electricity for households and businesses.

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