Home Blog Page 6

Moniepoint partners with Women Techmakers to deepen digital talent pipeline

By
Kehinde Victor
-

Key points

  • Moniepoint Inc. has announced it is deepening investment in Nigeria’s digital talent pipeline through practical technology training for women.
  • The initiative is in partnership with Women Techmakers Lagos and Google Developer Group (GDG) in Lagos.
  • The program focused on hands-on product development, leadership training, and the deployment of AI-powered solutions.
  • Kemi Nwogu, Head of Product at Moniepoint Inc., urged participants to challenge stereotypes that discourage female participation in science and technology.
  • The event included a “Prompt to Production” workshop and a Buildathon where participants developed and deployed solutions in real time.

Main Story

Moniepoint Inc. stated on Monday that it is increasing its investment in Nigeria’s digital talent pipeline by providing practical technology training for women.

The announcement was made during an event held in partnership with Women Techmakers Lagos and Google Developer Group (GDG) in Lagos, which featured hands-on product development and leadership training.

Speaking at the event, Kemi Nwogu, Head of Product at Moniepoint Inc., said the future of technology would depend on women who were equipped not only to participate in the ecosystem, but also to shape it.

She stated that women must challenge long-standing stereotypes that discouraged female participation in science and technology related careers.

Nwogu urged participants to embrace continuous learning through coding bootcamps, online courses, and open-source projects while using practical challenges to build relevant industry skills.

The event also featured a panel discussion titled “Unscripted: Leading Beyond the Patterns We Inherited,” which examined leadership stereotypes within Nigeria’s technology ecosystem.

Funke Olasupo, Co-organiser of Women Techmakers Lagos, stated that the initiative was designed to move beyond ceremonial conversations around women empowerment.

She explained that the program sought to bridge the gap between having ideas and building them by creating a space where women could deploy their ideas into live products using AI tools within a few hours. A major highlight was the “Prompt to Production” workshop, facilitated by Taiwo Famakinde, where participants learned to transform ideas into functional products using AI tools.

The workshop culminated in a Buildathon where participants developed and deployed solutions in real time, with outstanding projects recognized at the close of the program. The initiative aligns with Moniepoint’s broader investment in talent development through programs such as Women in Tech, DreamDevs, HatchDev, and the Federal Government’s 3MTT initiative.

The Issues

  • Long-standing stereotypes and social constructs continue to discourage female participation in science and technology careers from a young age.
  • A significant gap exists between the conceptual phase of tech ideas and the actual building and deployment of live products.
  • Continuous upskilling in emerging technologies like AI is necessary to ensure women can navigate and redefine workplace structures across engineering and creative industries.

What’s Being Said

  • “From a young age, many girls have been subtly discouraged from pursuing science and tech. These patterns are not facts; they are constructs, and what has been constructed can be deconstructed,” said Kemi Nwogu.
  • “Oftentimes, there is a gap between having ideas and actually building them. We wanted to bridge that gap by creating a space where women could deploy their ideas into live products using AI tools within a few hours,” stated Funke Olasupo.
  • “The future of technology would depend on women who were equipped not only to participate in the ecosystem, but also to shape it,” Nwogu added.

What’s Next

  • Moniepoint is expected to continue its investment in technology talent through sustained partnerships with developer communities and government initiatives like 3MTT.
  • Participants who completed the Buildathon are encouraged to continue using AI tools to transform technical challenges into industry-relevant skills.
  • Future collaborations between Moniepoint and Women Techmakers may focus on expanding these practical workshops to reach more women in diverse creative and engineering fields.

Bottom Line

Moniepoint is addressing the digital talent gap by providing women with hands-on AI training and leadership skills to transition from conceptual ideas to functional product deployment.

NGX market capitalisation Crosses N160 trillion as banking stocks lead rally

NEM Insurance reports 2025 financial results and asset expansion

By
Kehinde Victor
-

Keypoints

  • Total group assets increased to N186.04bn in 2025, up from N124.23bn in 2024.
  • Group revenue rose to N173.04bn from N121.6bn, supported by premium generation.
  • Profit after tax at the group level declined to N23.9bn from N29.24bn.
  • Total equity climbed to N84.46bn, reflecting strengthened capital positioning.
  • Group liabilities rose to N101.58bn, attributed to stronger underwriting activities.

Main Story

NEM Insurance Plc has reported its financial performance for the year ended Dec. 31, 2025, highlighting a significant expansion in its balance sheet.

In a statement issued on Monday in Lagos, the company disclosed that total group assets rose by N61.81bn to reach N186.04bn, compared to N124.23bn in 2024.

This growth was mirrored at the parent company level, where total assets increased to N178.59bn from N121.93bn.

Group revenue also experienced a significant upward trend, rising to N173.04bn from N121.6bn, while the parent company’s revenue grew to N165.72bn from N119.88bn. The insurer attributed these revenue gains to improved premium generation and stronger investment returns.

However, despite the growth in assets and revenue, the company recorded a decline in profitability during the review period. Group profit before tax fell to N27.98bn from N33.7bn, while group profit after tax dropped to N23.9bn from N29.24bn in the previous year.

Similarly, parent company profit after tax moderated to N23.55bn from N29.08bn. Group liabilities rose to N101.58bn from N58.79bn, an increase the company linked to stronger underwriting activities and growing financial obligations.

Total equity grew to N84.46bn from N65.44bn, which the insurer stated reflects improved shareholder value. The company described the overall performance as a demonstration of resilience and strong market positioning achieved despite economic and industry pressures, reaffirming its commitment to innovation and strengthening underwriting capacity.

The Issues

  • The decline in net profit despite a 42% increase in group revenue indicates rising operational costs or higher claims provisions.
  • A significant rise in group liabilities by over N42bn points to expanded risk exposure and growing financial obligations across the insurer’s operations.
  • Management faces the challenge of balancing sustained business expansion with the need to stabilize bottom-line profitability in a pressurized economic environment.

What’s Being Said

  • “At the group level, total assets rose significantly by N61.81bn to N186.04bn in 2025,” stated the company.
  • “This growth reflects the company’s continued expansion and strengthened investment base,” the statement added.
  • “The performance demonstrates resilience and strong market positioning,” the company commented regarding the results achieved despite industry pressures.

What’s Nex

  • The insurer plans to sustain its growth trajectory through the deployment of innovation and customer-focused insurance solutions.
  • Efforts will be directed toward strengthening underwriting capacity and delivering improved value to shareholders in the 2026 financial year.
  • Investors will monitor whether the current asset expansion leads to a recovery in profit margins in subsequent quarters.

Bottom Line

NEM Insurance achieved a N61.81bn growth in total assets and a substantial increase in revenue for 2025, although profit after tax moderated due to increased liabilities and economic headwinds.

Africa’s first Blockchain smartphone targets nigerian market expansion

Heirs Insurance launches Prince AI to bridge language gaps

By
Kehinde Victor
-
Heirs Insurance Appoints Senior Executives And Name Change

Key points

  • Heirs Insurance Group has introduced Prince AI, Nigeria’s first multi-language generative artificial intelligence assistant for insurance.
  • The tool supports local languages including Yoruba, Igbo, and Hausa, alongside international languages like French, German, Spanish, Portuguese, and Chinese.
  • Chief Digital Officer Peace Okhianmhense-Philips stated the AI would deliver instant responses to both product enquiries and general insurance concerns.
  • Customers can use the assistant to purchase or renew policies and initiate and track insurance claims.
  • The launch coincides with the group’s upcoming fifth anniversary and the conclusion of its 2026 tech hackathon.

Main Story

Heirs Insurance Group has introduced a generative artificial intelligence assistant, Prince AI, to improve insurance accessibility. During a virtual unveiling on, Chief Digital Officer Mr. Peace Okhianmhense-Philips described the launch as a major milestone.

The AI-powered assistant provides instant responses to customer enquiries and helps users assess personal needs to identify suitable policies.

The platform supports nine languages, including three Nigerian languages and six international ones. This innovation is intended to remove language barriers that prevent customers from accessing insurance services.

Beyond information, the assistant allows for the execution of transactions such as policy renewals and claims tracking. While the AI uses adaptive intelligence to improve through interactions, the group confirmed that human support remains available for personalized guidance

The Issues

  • Removing language barriers is essential for deepening insurance penetration in Nigeria, where complex terminology often discourages potential customers.
  • The shift toward generative AI requires robust data privacy measures to ensure that sensitive customer information used for policy assessments remains secure.
  • While the AI handles routine queries, the effectiveness of the “hybrid” model depends on how seamlessly the system transitions users to human experts when the AI reaches its limits.

What’s Being Said

  • “Prince AI was designed with accessibility in mind and supports several local and international languages,” said Peace Okhianmhense-Philips.
  • “By embedding generative AI into customer experience, we are improving efficiency while humanising insurance services,” Okhianmhense-Philips stated.
  • “Where personal counsel is needed, our representatives stand ready with expert advice and clarity,” he added.

What’s Next

  • The AI will undergo a phase of adaptive learning to refine its performance in the newly supported local languages like Igbo and Hausa.
  • Heirs Insurance is expected to roll out further updates to the SimpleLife app to integrate Prince AI more deeply into the user interface.
  • The company’s fifth-anniversary celebrations later this year are likely to feature additional technology-led products aimed at financial inclusion.

Bottom Line

By deploying Nigeria’s first multi-language generative AI assistant, Heirs Insurance is using technology to break down the communication barriers that have historically limited insurance adoption.

Africa’s first Blockchain smartphone targets nigerian market expansion

Guterres calls for African permanent seats on UN Security Council

By
Kehinde Victor
-
Antonio Guterres, UN High Commissioner for Refugees UNHCR at a Press Conference after 66th session of Excom. 9 October 2015. UN Photo / Jean-Marc Ferré

Key points

  • UN Secretary-General António Guterres described the lack of a permanent African seat on the Security Council as a “historic injustice” during a visit to Nairobi.
  • Guterres broke ground on a $340 million expansion of the UN’s Kenyan campus, signaling a shift in global operations toward Africa.
  • The Secretary-General warned that the ongoing conflict involving Iran is severely impacting African food security, with urea prices rising over 35% in one month.
  • He called for a reform of the international financial architecture to provide Africa with fairer access to resources and debt relief.
  • Guterres criticized external “spoilers” who fuel African conflicts by supplying arms to warring parties in regions like Sudan and the Sahel.

Main Story

United Nations Secretary-General António Guterres has issued an urgent call for the reform of global institutions to reflect modern realities, specifically advocating for permanent African representation on the UN Security Council.

Speaking at a press conference in Nairobi, Guterres argued that the current global governance structure is “indefensible” and rooted in a post-WWII landscape that no longer exists.

He emphasized that Africa deserves a voice and resources commensurate with its growing global importance and population.

During his visit, Guterres broke ground on a $340 million expansion of the UN Office at Nairobi (UNON), which he described as a “green centre of gravity” for the organization.

Beyond administrative reforms, the UN chief highlighted the economic vulnerabilities facing the continent due to external shocks. He specifically cited the conflict involving Iran and the disruption of the Strait of Hormuz, through which 13% of Africa’s imports pass.

This geopolitical tension has triggered a spike in fertilizer costs, with the price of urea jumping 35% at the peak of Africa’s planting season, threatening to undermine regional food security.

The Issues

  • The veto power of the five permanent Security Council members remains the primary obstacle to the structural reforms Guterres is demanding.
  • High borrowing costs and inadequate climate financing continue to trap African nations in cycles of debt, preventing investment in sustainable development.
  • Disruptions in the Middle East have a direct “inflationary ripple” on African agriculture, illustrating the continent’s high dependency on imported inputs like oil and fertilizer.

What’s Being Said

“A reform of the UN Security Council has become necessary to strengthen the legitimacy and effectiveness of the UN,” Guterres added.

“Civilians are paying an unconscionable price as they continue to be targeted, intentionally starved, and forcibly displaced,” he said regarding African conflicts.

“There are no military solutions to these conflicts,” Guterres warned, calling instead for dialogue and regional cooperation.

What’s Next

  • Guterres will carry his reform message to the upcoming Africa Forward Summit in Nairobi and the annual AU-UN conference in Addis Ababa.
  • The $340 million expansion of the Nairobi UN hub is expected to move thousands of staff from European offices to Kenya to reduce operational costs.
  • International monitors will track the price of agricultural inputs as planting seasons progress to determine the severity of the Hormuz-linked food crisis.

Bottom Line

António Guterres is positioning Africa at the heart of a renewed multilateralism, arguing that global peace and economic stability are impossible without correcting the “historic injustice” of African under-representation.

Nigerian Treasury bills yield declines as investors increase demand for fixed-income assets

Nigerian Treasury bills yield declines as investors increase demand for fixed-income assets

By
Boluwatife Oshadiya
-
LBS Discloses FG's Targets With Naira Redesigning

By BizWatch Nigeria

Key Points

  • Average Treasury bills yield declined by 3 basis points in the secondary market.
  • Investors increased demand for fixed-income securities amid excess system liquidity.
  • Analysts linked stronger demand to inflation concerns and expectations of tighter market conditions.
  • Select Treasury bill maturities recorded significant buying interest.

Main Story

Average yields on Nigerian Treasury bills declined in the secondary market as investors intensified demand for fixed-income assets amid growing liquidity within the financial system.

Market data showed that the average Treasury bills yield fell by three basis points to 17.48 per cent, reflecting renewed buying interest across short- and long-dated instruments.

The fixed-income market opened the week on a positive note as institutional investors, asset managers and portfolio managers continued repositioning portfolios ahead of Nigeria’s latest inflation figures.

Analysts said expectations of elevated inflationary pressure, partly driven by higher global crude oil prices and domestic cost pressures, encouraged investors to lock in existing yields before possible market repricing.

Investment firm Meristem Securities Limited noted that buying interest was visible across most Treasury instruments during the trading session.

According to the firm, notable demand was recorded for the 22-Apr-2027, 6-Aug-2026 and May-2027 papers, which witnessed yield contractions of 18 basis points, 16 basis points and eight basis points respectively.

However, moderate selloffs were observed in select maturities between August 2026 and September 2026.

Traders also reported stronger demand for the 06-AUG, 22-APR and 06-MAY Treasury bills as investors sought relatively stable returns amid uncertain macroeconomic conditions.

Nigeria’s fixed-income market has continued attracting investor interest following aggressive monetary tightening by the Central Bank of Nigeria over the past year aimed at curbing inflation and stabilising the naira.

Despite attractive nominal yields, analysts warn that persistently high inflation continues to weaken real returns for investors.

Meanwhile, the secondary bond market also traded on a mildly bullish note. Yield contractions at the short end of the curve offset slight expansions at the mid-segment, resulting in a one basis point decline in average bond yields to 16.09 per cent.

What’s Being Said

Fixed-income analysts said the combination of excess liquidity and inflation expectations is shaping investor behaviour in the debt market.

Market participants also believe investors are increasingly positioning ahead of future monetary policy decisions by the Central Bank of Nigeria.

Analysts added that demand for sovereign debt instruments remains strong because many investors still view Treasury bills and bonds as safer alternatives amid volatility in other asset classes.

What’s Next

Investors are expected to closely monitor Nigeria’s inflation data and upcoming Treasury bills auctions for further direction.

Any acceleration in inflation or additional tightening measures by the Central Bank could influence yield movements and investor sentiment across the fixed-income market.

Market participants will also watch developments in global oil prices and foreign exchange liquidity, both of which remain critical drivers of domestic monetary conditions.

Bottom Line

Strong investor appetite for Nigerian Treasury bills continues to compress yields despite inflation concerns. With liquidity remaining elevated and investors seeking safer assets, fixed-income securities are likely to remain attractive in the near term.

FG unveils regional development policy to address inequality, infrastructure gaps

Africa’s first Blockchain smartphone targets nigerian market expansion

By
Boluwatife Oshadiya
-

By BizWatch Nigeria

Key Points

  • BitMobile Tech has launched the Phēnix X, described as Africa’s first blockchain smartphone.
  • The device combines Android smartphone functionality with blockchain-powered applications and reward systems.
  • The smartphone has already launched in South Africa and Zambia, with Nigeria identified as a future expansion market.
  • The company says the product is designed to improve digital inclusion, financial access and Web3 adoption in emerging markets.
  • Retail expansion and financing options are being used to improve affordability for consumers.

Main Story

BitMobile Tech has intensified its push into Africa’s growing digital economy with the rollout of the Phēnix X smartphone, a blockchain-enabled mobile device positioned as the continent’s first blockchain smartphone.

The company, which is associated with Finnovant, launched the device in South Africa before expanding into markets such as Zambia, while also preparing for wider African expansion that includes Nigeria.

Industry observers say the launch reflects growing interest among technology companies in combining blockchain infrastructure with consumer electronics to drive digital payments, decentralized applications and financial inclusion.

The Phēnix X runs on Android 13 and features a 6.82-inch HD+ display, 6GB RAM, 128GB internal storage and a 4,900mAh battery. The device also includes dual-SIM capability, biometric authentication systems and preloaded blockchain-based applications.

Unlike traditional smartphones, the device integrates what the company calls a “RISE Framework,” which enables users to access decentralized applications, digital wallets, blockchain-based identity services and loyalty reward systems directly from the phone.

BitMobile says users can earn monthly rewards tied to device usage, decentralized processing participation and ecosystem engagement. The rewards can reportedly be converted into local fiat currencies depending on the market.

The company has partnered with firms including AstraBit, Reality Network and other blockchain-focused platforms to provide services ranging from decentralized finance tools to digital education and cloud-based earning systems.

The smartphone is currently priced between R4,199 and R5,199 in South Africa, depending on promotions and retail channels. Financing plans introduced through BitPayTech allow buyers to make installment payments in an effort to improve accessibility among lower-income consumers.

Retail distribution has expanded through partnerships with outlets such as Pick n Pay, Takealot and online marketplaces in Southern Africa.

Nigeria has increasingly emerged as one of Africa’s largest cryptocurrency and digital asset markets, driven largely by youth adoption, fintech innovation and rising demand for alternative financial systems. Analysts say this creates a potentially attractive market for blockchain-enabled consumer devices.

What’s Being Said

Brian Maw, Chief Executive Officer of BitMobile Tech, has described the Phēnix X as part of a broader strategy to bridge the digital divide in emerging markets by combining affordable mobile technology with blockchain-powered services.

The company says the smartphone is designed not only for cryptocurrency users but also for consumers seeking enhanced privacy, digital identity protection, financial access and educational opportunities.

BitMobile also argues that blockchain-enabled devices could help improve digital literacy and Web3 participation across underserved regions where access to conventional banking services remains limited.

However, some industry analysts note that blockchain smartphones remain a niche segment globally and may face challenges related to mainstream adoption, consumer awareness and regulatory uncertainty surrounding digital assets in several African markets.

What’s Next

BitMobile is expected to continue expanding retail partnerships and market access across Africa, Southeast Asia and parts of South America.

The company is also preparing for a potential Nigerian launch following reports of 4G type approval processes tied to the device.

Analysts will be watching whether blockchain-enabled smartphones can gain mainstream traction beyond crypto-focused users, particularly in markets where affordability and internet accessibility remain key challenges.

Bottom Line

The launch of the Phēnix X highlights how blockchain technology is increasingly moving beyond finance into mainstream consumer electronics. While the long-term commercial success of blockchain smartphones remains uncertain, Africa’s expanding digital economy and strong youth-driven technology adoption could provide fertile ground for experimentation and growth.

Oil prices rise as Trump rejects Iran peace proposal amid Hormuz tensions

FEC approves National research and innovation development fund to boost Nigeria’s science, technology ecosystem

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya

Key Points

  • The Federal Executive Council has approved the establishment of the National Research and Innovation Development Fund (NRIDF).
  • The fund is designed to strengthen Nigeria’s science, research, technology and innovation ecosystem.
  • Vice President Kashim Shettima will chair the proposed 17-member National Council on Research and Innovation.
  • The initiative is expected to support researchers, startups, innovators and technology developers nationwide.
  • The Federal Ministry of Innovation, Science and Technology will supervise implementation of the fund.

Main Story

The Federal Executive Council (FEC), presided over by President Bola Ahmed Tinubu, has approved the establishment of the National Research and Innovation Development Fund (NRIDF) in what government officials describe as a major policy step toward accelerating Nigeria’s innovation-driven economic agenda.

The newly approved fund will operate under the supervision of the Federal Ministry of Innovation, Science and Technology (FMIST), which will provide institutional coordination and oversight for implementation.

According to details released after the FEC meeting, the NRIDF will be overseen by a 17-member National Council on Research and Innovation chaired by Vice President Kashim Shettima, while the Minister of Innovation, Science and Technology, Kingsley Tochukwu Udeh will serve as vice chairman.

Government officials said the fund is expected to provide strategic financing for research institutions, technology startups, innovators and scientific development initiatives across Nigeria.

The approval comes as Nigeria intensifies efforts to diversify its economy away from oil dependency by increasing investment in technology, digital infrastructure, local manufacturing, artificial intelligence, clean energy innovation and research commercialization.

Analysts note that Nigeria has historically struggled with low investment in research and development compared to other emerging economies, despite its large youth population and expanding startup ecosystem. According to global development data, many advanced economies commit between 2 and 4 percent of GDP to research and development spending, while African economies generally lag behind.

The Tinubu administration has repeatedly highlighted innovation and digital transformation as central pillars of its broader economic reform agenda and long-term ambition of building a $1 trillion economy.

What’s Being Said

“The approval marks a major breakthrough in the Federal Government’s commitment toward building an inclusive, sustainable and innovation-driven economy in alignment with the Renewed Hope Agenda,” Udeh said in a statement issued by the ministry.

The minister, however, clarified that the fund would still undergo legislative, administrative and operational processes before full implementation and disbursement of funds can commence.

He added that the NRIDF would help strengthen collaboration between academia and industry, improve local research capacity, support commercialization of innovation and position Nigeria more competitively within the global knowledge economy.

Industry stakeholders have also argued that consistent funding remains one of the biggest obstacles facing Nigerian innovators and university-based researchers, many of whom struggle to convert research outcomes into commercially viable products.

What’s Next

The Federal Ministry of Innovation, Science and Technology is expected to begin work on the legislative and operational framework required for the rollout of the NRIDF.

The government is also expected to outline funding sources, governance structures, eligibility requirements and disbursement mechanisms for beneficiaries once the implementation phase begins.

Stakeholders within Nigeria’s research and startup ecosystem will likely monitor how quickly the initiative moves from approval stage to actual funding deployment.

Bottom Line

The approval of the National Research and Innovation Development Fund signals Nigeria’s growing focus on science, technology and innovation as drivers of long-term economic growth. If effectively implemented, the initiative could improve research funding, deepen industry-academic collaboration and strengthen Nigeria’s competitiveness in the global digital economy.

JAMB sets 2026 admission cut-Off Marks, fixes deadlines for tertiary institutions

NGX market capitalisation Crosses N160 trillion as banking stocks lead rally

By
Boluwatife Oshadiya
-
Capital Market Goes Green Ahead Of 2022 Corporate Earnings

By BizWatch Nigeria

Key Points

  • Nigerian equities market gained N3.16 trillion in one trading session.
  • Market capitalisation rose above N160 trillion for the first time.
  • Banking and industrial stocks drove strong investor demand.
  • The NGX All-Share Index advanced by over 5,700 points.

Main Story

The Nigerian equities market extended its bullish momentum on Monday as investors gained N3.162 trillion, pushing the Nigerian Exchange market capitalisation above N160 trillion.

Market capitalisation increased by 2.01 per cent to close at N160.256 trillion, compared with N157.094 trillion recorded in the previous trading session.

The NGX All-Share Index also climbed by 5,709.71 basis points to settle at 250,485.54, reflecting broad-based buying interest across major sectors of the market.

Investor sentiment remained firmly positive, with 59 stocks advancing against 21 decliners during the trading session.

Banking and industrial goods stocks led the rally as investors reacted positively to corporate earnings releases and improving market liquidity.

Major gainers included CHAMS, FTN Cocoa Processors, International Energy Insurance, Livestock Feeds and RT Briscoe, all of which recorded the maximum daily gain of 10 per cent.

Sectoral performance was largely positive. The Banking Index rose by 4.67 per cent, while the Industrial Goods Index advanced by 4.32 per cent.

The Consumer Goods, Insurance and Oil & Gas indices also closed in positive territory, supported by gains in GTCO, Dangote Cement, Nigerian Breweries, AIICO Insurance and Eterna.

On the downside, Prestige Assurance, Sovereign Trust Insurance, University Press, Ellah Lakes and Tantalizers recorded losses.

Trading activity strengthened considerably, with investors exchanging 1.49 billion shares valued at N68.45 billion across 94,834 deals.

Veritas Kapital emerged as the most traded stock by volume after accounting for over 194 million shares traded, while MTN Nigeria led the market by value with transactions worth N12.39 billion.

Analysts attributed the sustained rally to improving investor confidence, stronger liquidity conditions and expectations of better macroeconomic performance.

What’s Being Said

Vice President of Highcap Securities, David Adonri, said improved liquidity and stronger confidence in the economy were supporting demand for equities.

“Renewed confidence, better macroeconomic conditions and stronger liquidity supported demand across major sectors,” Adonri said.

He added that investors were increasingly recognising MTN Nigeria as a strong local investment despite previous negative sentiment surrounding the company.

“Elevated crude prices, improved energy supply and stable conditions are supporting market sentiment,” he added.

What’s Next

Market analysts expect investor attention to remain focused on corporate earnings releases, inflation data and monetary policy developments.

Banking stocks are likely to continue attracting interest as investors assess earnings performance and dividend prospects.

Analysts also believe sustained liquidity in the financial system could continue driving funds into equities if macroeconomic conditions remain relatively stable.

Bottom Line

The Nigerian stock market’s climb above N160 trillion highlights renewed investor optimism and strong liquidity conditions. With banking and industrial stocks leading gains, market momentum could remain positive if earnings performance and economic indicators continue improving.

Nigerian musicians embrace AI tools to cut costs, expand creativity

Nigerian musicians embrace AI tools to cut costs, expand creativity

By
Kehinde Victor
-

KEY POINTS

  • Nigerian musicians are increasingly adopting artificial intelligence tools to produce music, reduce studio costs, and simplify creative processes.
  • AI-powered platforms such as Suno AI, AIVA, and Boomy are reshaping music production workflows.
  • Industry stakeholders are calling for clearer regulations on AI-generated music, ownership rights, and royalty structures in Nigeria.

MAIN STORY

Nigerian musicians are increasingly embracing artificial intelligence technologies to produce music and lower production costs, as AI tools continue to transform creative workflows across the country’s entertainment industry.

Industry experts say artistes are now using AI-powered platforms such as Suno AI, AIVA, and Boomy to generate beats, compose melodies, and develop song structures — tasks that traditionally required expensive studio sessions, producers, and large technical teams.

The growing adoption of AI is also creating opportunities for emerging artistes who previously struggled with the high costs associated with music production and studio access.

Among the platforms entering the African market is Korin AI, a Nigerian-founded platform designed to generate music in Nigerian and other African languages.

Founder of Korin AI, Olajide-Philips, said the platform was developed to address accessibility challenges facing many upcoming artistes across Africa.

“About 75 per cent of upcoming artists in Africa simply can’t afford top studios,” he said.

“You can be very talented, but if your production quality is low, people won’t listen. Why can’t we have a virtual African studio that anyone can access?” he added.

Olajide-Philips explained that AI technology was not intended to replace human creativity but rather to lower entry barriers for talented artistes with limited financial resources.

“AI has come to stay, and there is nothing that is going to change that. AI is not taking anybody’s job, but the job of those who are afraid of AI will be taken by those trained to use these tools,” he said.

Nigerian artiste Ayo Jay has also reportedly experimented with AI software to blend traditional African sounds with contemporary music styles, highlighting the technology’s potential for preserving cultural identity while encouraging innovation.

Beyond music production, AI tools are increasingly being used by Nigerian content creators for video editing, graphics design, scheduling, and digital content management as internet penetration continues to rise across the country.

According to reports, more than 107 million Nigerians are currently connected online, further expanding the digital ecosystem supporting entertainment and content creation industries.

A Lagos-based music technology consultant, Emeka Okafor, said the industry was approaching a major technological turning point.

“The artistes who will dominate the next decade are those learning to work with AI now, not against it.

“In Nigeria, where studio access has always been a bottleneck, AI is the most democratising force the music industry has ever seen,” Okafor said.

Meanwhile, stakeholders are urging the Nigerian Copyright Commission to develop comprehensive guidelines governing AI-generated music, ownership rights, copyright protection, and royalty distribution frameworks.

THE ISSUES

The increasing use of AI in music production is reshaping Nigeria’s entertainment industry by reducing production costs and improving access to creative tools for independent artistes.

However, experts warn that the rapid growth of AI-generated content raises concerns over copyright ownership, originality, intellectual property rights, and fair compensation for human creators.

There are also fears that overreliance on AI-generated music could affect artistic authenticity and reduce demand for traditional studio professionals if regulatory frameworks are not properly developed.

At the same time, advocates argue that AI can democratise music production, particularly in developing countries where access to expensive equipment and professional studios remains limited.

WHAT’S BEING SAID

Industry players say AI technology is helping to level the playing field for emerging Nigerian artistes by providing affordable access to music production tools.

Technology experts also believe AI could accelerate the global reach of Afrobeat and African music by enabling faster content production and experimentation with diverse sounds and languages.

Stakeholders, however, stress the need for clear legal frameworks to protect creators and define ownership rights for AI-assisted works.

WHAT’S NEXT

The Nigerian entertainment industry is expected to witness wider adoption of AI-powered creative tools as digital technology becomes more integrated into music production and content creation.

Regulatory agencies, including the Nigerian Copyright Commission, may also face increasing pressure to establish policies guiding AI-generated works and royalty systems.

Industry observers predict that future success in music production will increasingly depend on how effectively artistes combine human creativity with emerging AI technologies.

BOTTOM LINE

Artificial intelligence is rapidly transforming Nigeria’s music industry by making production more accessible, affordable, and technologically driven. While the technology presents new opportunities for creativity and global expansion, stakeholders say balancing innovation with copyright protection and artistic authenticity will be critical to the industry’s future growth.

CBN sells N3.3trn OMO bills to banks, foreign investors amid tight liquidity push

FG unveils regional development policy to address inequality, infrastructure gaps

By
Kehinde Victor
-

KEY POINTS

  • The Federal Government says the National Regional Development Policy (NRDP) 2026–2030 is aimed at addressing regional disparities and developmental imbalances across Nigeria.
  • The policy focuses on inclusive growth, infrastructure development, climate adaptation, and improved coordination among regions and institutions.
  • Stakeholders, including the United Nations Development Programme and South East Development Commission, have expressed support for the initiative.

MAIN STORY

The Federal Government has reaffirmed its commitment to tackling persistent regional inequalities and developmental gaps through the proposed National Regional Development Policy (NRDP) 2026–2030 framework.

The Permanent Secretary of the Federal Ministry of Regional Development, Mary Ogbe, disclosed this on Monday during the Regional Technical Validation Workshop for the NRDP 2026–2030 held in Enugu.

Ogbe described the workshop as an important platform for stakeholders to reflect on and validate the draft policy document, which she said represents the aspirations of millions of Nigerians across the country’s geopolitical zones.

According to her, Nigeria’s development landscape has long been characterised by structural disparities in infrastructure, access to economic opportunities, human capital development, and quality public services across different states and regions.

“These disparities are not merely statistical observations; they are realities that affect the dignity, livelihoods, and futures of our citizens,” she said.

Ogbe explained that the National Regional Development Policy 2026–2030 was designed as a strategic response to these long-standing challenges.

“The policy is a blueprint designed to promote balanced, inclusive, and sustainable development across all regions of our federation.

“It sets out clear pillars, enabling frameworks, financing mechanisms, and institutional coordination structures that, if faithfully implemented, will transform the trajectory of development across Nigeria,” she stated.

The permanent secretary added that the draft policy document was developed through extensive consultations involving state governments, technical agencies, regional development institutions, civil society organisations, development partners, and subject matter experts.

She particularly acknowledged the contributions of the United Nations Development Programme (UNDP), noting that the process was highly inclusive and evidence-based.

Ogbe expressed optimism that the policy would be fully validated and operationalised before the end of the year.

Speaking at the event, the Resident Representative of the United Nations Development Programme, Elsie Attafuah, said the organisation provided technical expertise in drafting the policy.

Represented by UNDP Technical Adviser Matthew Alao, Attafuah reaffirmed the agency’s commitment to supporting Nigeria’s development aspirations.

“UNDP will continue to support government ministries, departments, and agencies to ensure the upliftment of human capital, infrastructure, and coordinated sustainable development,” she said.

Also speaking, the Managing Director of the South East Development Commission (SEDC), Mark Okoye, commended the ministry and technical team for producing what he described as an evidence-based and forward-looking policy document.

Represented by the Executive Director of Finance and Administration at SEDC, Stanley Ohajuruka, Okoye identified key aspects of the policy that align with the South-East region’s development priorities.

He highlighted the emphasis on regional growth corridors, particularly the commercial and industrial axis linking Aba, Onitsha, and Enugu.

“We must ensure that transport, energy, and digital infrastructure investments are sequenced to reinforce this corridor,” he said.

Okoye also stressed the importance of climate adaptation measures within the policy framework, especially regarding erosion control and watershed management in the South-East region.

“Erosion control and watershed management are not environmental niceties for the South East; they are existential,” he said.

He further praised the policy’s emphasis on data-driven implementation and measurable outcomes.

THE ISSUES

Nigeria continues to face significant regional disparities in infrastructure development, access to quality education and healthcare, economic opportunities, and public services.

Many regions, particularly rural and underserved communities, struggle with inadequate transportation networks, poor electricity supply, unemployment, environmental degradation, and weak institutional coordination.

Experts say climate-related challenges such as erosion, flooding, desertification, and environmental pollution have also deepened developmental inequalities in several parts of the country.

Stakeholders have repeatedly stressed the need for coordinated regional planning, evidence-based policymaking, and sustainable financing mechanisms to bridge these gaps.

WHAT’S BEING SAID

Government officials say the NRDP 2026–2030 is intended to serve as a comprehensive framework for achieving balanced and inclusive development nationwide.

Development partners and regional institutions have also welcomed the initiative, describing it as a critical step toward improving infrastructure, human capital development, and economic integration across Nigeria’s regions.

Stakeholders further emphasised the importance of effective implementation, transparency, and intergovernmental collaboration to ensure the policy delivers measurable results.

WHAT’S NEXT

The Federal Government is expected to complete the validation process for the NRDP 2026–2030 before moving toward full implementation.

Regional development agencies, state governments, and international development partners are also likely to intensify collaboration on infrastructure financing, climate adaptation, and economic development initiatives.

Experts say successful implementation of the policy could shape Nigeria’s long-term development planning and strengthen efforts to reduce regional inequalities.

BOTTOM LINE

The Federal Government’s proposed National Regional Development Policy 2026–2030 represents a renewed effort to address longstanding developmental imbalances across Nigeria. Stakeholders say the success of the initiative will depend largely on sustained political commitment, effective implementation, and strong collaboration among government institutions, development partners, and regional stakeholders.

JAMB sets 2026 admission cut-Off Marks, fixes deadlines for tertiary institutions

JAMB to Introduce ‘Bring Your Own Device’ Option for UTME Candidates From 2027

By
Boluwatife Oshadiya
-
JAMB 2021 Mock Exam

By Boluwatife Oshadiya

Key Points

  • The Joint Admissions and Matriculation Board (JAMB) says UTME candidates will be allowed to use personal computers for examinations from 2027.
  • JAMB Registrar, Prof. Ishaq Oloyede, said the initiative would reduce operational challenges and improve examination efficiency.
  • The board plans to deploy flash-drive-based security measures to prevent examination malpractice.
  • JAMB also announced the top-performing candidates in the 2026 UTME, with Jesudunsin Owoeye emerging highest scorer with 372 marks.
  • The board says additional digital innovations will be introduced to strengthen examination integrity and candidate experience.

Main Story

The Joint Admissions and Matriculation Board (JAMB) has announced plans to allow candidates sitting for the Unified Tertiary Matriculation Examination (UTME) to use personal computers for the examination beginning from 2027.

JAMB Registrar, Prof. Ishaq Oloyede, disclosed the development on Monday during the 2026 Policy Meeting on Admissions into Tertiary Institutions held in Abuja.

According to Oloyede, the initiative, tagged “Bring Your Own Device” (BYOD), is aimed at reducing technical disruptions experienced during examinations while lowering operational costs for the examination body.

He explained that candidates would be permitted to use their personal devices under strict security supervision, adding that special flash drives would be inserted into the systems to restrict unauthorised access and curb examination malpractice.

Oloyede said the move would address one of the recurring complaints raised by candidates during UTME exercises, particularly incidents involving sudden system shutdowns or technical failures at Computer-Based Test (CBT) centres.

“It will be cheaper and easier to manage. Candidates have often complained that their computer went off during examinations, and this innovation is expected to address such issues while preserving examination integrity,” Oloyede said.

The JAMB Registrar added that the board was already developing additional technological innovations ahead of the 2027 examination cycle to improve efficiency and strengthen public confidence in the conduct of UTME examinations.

The UTME remains Nigeria’s primary entrance examination for admission into universities, polytechnics and colleges of education. Over the years, JAMB has gradually transitioned fully into computer-based testing in a bid to reduce malpractice, improve speed and enhance result processing.

During the policy meeting, the board also announced the top-performing candidates in the 2026 UTME. Jesudunsin Owoeye from Ekiti State emerged as the highest scorer with 372 out of the obtainable 400 marks. Owoeye sat for the examination in Ogun State and selected the University of Lagos as first choice to study Medicine and Surgery.

The score falls slightly below the highest score recorded in 2025, when Chinedu Okeke from Anambra State scored 375. Ikenna Enwere from Imo State emerged second with 370 marks after writing the examination in Lagos State. He selected Nile University as his preferred institution to study Computer Science.

Ayomide Bamisile from Ondo State secured third position with 369 marks and chose the Federal University of Technology, Akure to study Software Engineering.

What’s Being Said

“This measure is designed to make the process more convenient while maintaining the integrity of the test,” Oloyede said during the policy meeting.

Education stakeholders say the planned BYOD model could significantly reduce pressure on CBT infrastructure if successfully implemented.

However, some analysts believe the initiative may also raise concerns around device compatibility, internet access, cybersecurity and equal access for candidates from low-income backgrounds.

Technology experts say JAMB will need to establish strict technical standards and security protocols before implementation.

What’s Next

JAMB is expected to begin pilot planning, infrastructure testing and stakeholder consultations ahead of the proposed 2027 rollout. The board may also issue detailed technical guidelines covering approved devices, security requirements and examination procedures before implementation.

Education stakeholders are expected to monitor how the policy could affect examination accessibility, operational costs and examination security across the country.

Bottom Line

JAMB’s planned introduction of personal-device-based UTME examinations marks another major shift in Nigeria’s digital examination system. While the initiative could improve efficiency and reduce technical disruptions, its success will depend heavily on security safeguards, infrastructure readiness and equal access for candidates nationwide.

JAMB sets 2026 admission cut-Off Marks, fixes deadlines for tertiary institutions

CBN sells N3.3trn OMO bills to banks, foreign investors amid tight liquidity push

By
Boluwatife Oshadiya
-

By Boluwatife Oshadiya

Key Points

  • The Central Bank of Nigeria (CBN) sold approximately N3.3 trillion worth of Open Market Operation (OMO) bills across two major auctions last week.
  • The auctions were significantly oversubscribed, reflecting strong demand from banks and foreign portfolio investors seeking high-yield fixed-income instruments.
  • Despite the aggressive liquidity mop-up, banking system liquidity increased to N5.67 trillion due to inflows from matured OMO bills.
  • Overnight lending rates declined marginally as liquidity conditions remained relatively robust.
  • Analysts say the CBN’s sustained tightening stance signals continued efforts to contain inflationary pressures and stabilise the foreign exchange market.

Main Story

The Central Bank of Nigeria (CBN) intensified its liquidity tightening measures last week after selling Open Market Operation (OMO) bills valued at about N3.3 trillion across two major auctions, as the apex bank continues efforts to manage excess liquidity and curb inflationary pressure in the economy.

The auctions attracted strong participation from banks and foreign portfolio investors, underscoring sustained appetite for Nigeria’s high-yield fixed-income securities amid elevated interest rates.

According to auction results and market data reviewed by BizWatch Nigeria, the apex bank offered N600 billion worth of OMO bills during the first auction across 8-day and 134-day tenors. However, investor demand surged to N1.71 trillion, representing a bid-to-offer ratio of 2.9 times.

The CBN eventually allotted N1.70 trillion, with stop rates clearing at 21.90 percent for the 8-day tenor and 19.97 percent for the 134-day tenor. Demand was particularly concentrated on the shorter tenor, where the apex bank fully allotted over N1 trillion.

At a second auction conducted later in the week, the CBN again offered N600 billion across 33-day, 75-day and 96-day maturities. Total subscriptions climbed to N1.64 trillion, while allotments settled at N1.60 trillion.

Stop rates closed at 21.57 percent, 20.63 percent and 20.45 percent respectively across the three maturities.

The aggressive OMO sales came as the apex bank continues deploying monetary tightening tools to rein in inflation, stabilise the naira and reduce excess liquidity within the financial system.

However, despite the sizeable liquidity mop-up operations, system liquidity improved during the review period following inflows from matured instruments.

Data from Coronation Merchant Bank showed that banking system liquidity rose to N5.67 trillion from N4.96 trillion recorded in the previous week, largely driven by N2.71 trillion inflow from matured OMO bills.

Consequently, the Overnight Rate (OVN) declined by 11 basis points week-on-week to 22.19 percent, while the Open Repo Rate (OPR) remained unchanged at 22.00 percent.

Nigeria’s inflation rate has remained elevated in recent months, prompting the CBN to sustain an aggressive monetary tightening cycle through high benchmark interest rates and frequent OMO issuances targeted at institutional and foreign investors.

What’s Being Said

“The CBN sustained its aggressive liquidity management posture via two OMO auctions last week,” Coronation Merchant Bank stated in its market note.

“Cumulatively, the CBN sterilised about N3.30 trillion across both operations, underscoring the persistence of its liquidity tightening measures,” the firm added.

Market analysts say the continued oversubscription of OMO bills reflects growing investor confidence in Nigeria’s fixed-income market, particularly as yields remain attractive relative to other emerging markets.

Some analysts also note that strong foreign investor participation may help improve foreign exchange liquidity and support naira stability in the near term.

What’s Next

Market participants are expected to closely monitor the CBN’s next monetary policy decisions, particularly as inflationary pressures and exchange rate volatility remain key concerns for policymakers.

Analysts expect the apex bank to maintain its tight monetary stance in the short term, with additional OMO auctions likely if liquidity levels remain elevated.

Investors will also watch for upcoming inflation data and signals from the Monetary Policy Committee (MPC) regarding the future direction of interest rates.

Bottom Line

The CBN’s N3.3 trillion OMO sales highlight the apex bank’s determination to tighten liquidity conditions and manage inflationary risks. However, persistent liquidity inflows and strong investor demand suggest that excess cash within the banking system remains substantial, keeping pressure on the central bank to sustain aggressive monetary interventions.

Oil prices rise as Trump rejects Iran peace proposal amid Hormuz tensions

TikTok reshapes Nigeria’s music industry as viral trends drive hit songs

By
Kehinde Victor
-

KEY POINTS

  • TikTok has become a major force in determining hit songs in Nigeria’s music industry, particularly within the Afrobeat genre.
  • Industry stakeholders say artistes now structure music releases around dance challenges, catchy hooks, and viral sound trends to boost online engagement.
  • Experts warn that while the platform creates global exposure opportunities, excessive focus on virality may affect artistic originality and creativity.

MAIN STORY

TikTok has emerged as one of the most influential platforms shaping Nigeria’s music industry, with viral dance challenges and trending sounds increasingly determining which Afrobeat songs achieve mainstream success.

Industry analysts say the platform’s rapid growth in Nigeria has transformed the way artistes release, promote, and market music, making social media engagement a key factor in commercial success.

According to experts, Nigeria’s TikTok user base has now surpassed 37 million active accounts, more than double the figure recorded in 2025, positioning the country among the platform’s fastest-growing markets in Africa.

Artistes and their management teams are now reportedly tailoring music production strategies around TikTok’s challenge culture by designing choreography, catchy hooks, and short sound snippets capable of driving viral engagement.

One of the most notable examples remains CKay’s global hit song Love Nwantiti, which moved from moderate streaming success to international chart dominance largely through widespread TikTok dance challenges and user-generated content.

Music industry stakeholders say TikTok’s algorithm rewards content that generates rapid engagement, enabling songs attached to successful trends to reach millions of listeners within a short period, often surpassing the reach of traditional radio promotion and conventional marketing campaigns.

A Lagos-based music promoter and digital strategist, Biodun Adeyemi, said TikTok has become central to music release strategies across the Nigerian entertainment industry.

“Every serious artiste dropping a song now is asking one question — will this work on TikTok? If the answer is no, they go back and rework it. That is how much power the platform holds over the industry right now,” Adeyemi said.

Data from a 2026 survey conducted by GeoPoll showed that 66 per cent of young Nigerians use TikTok regularly, while 71 per cent access the platform daily, highlighting its growing influence among youth audiences.

Digital music analyst Temi Lawson, however, warned that the pursuit of virality could create creative pressures for artistes.

“When you start writing songs for a challenge instead of from the heart, you can lose what made your music special. The best Nigerian artistes are learning to make music that is authentic and TikTok-friendly. That balance is now a real industry skill,” Lawson said.

THE ISSUES

The growing influence of TikTok is reshaping Nigeria’s music promotion landscape, reducing reliance on traditional platforms such as radio, television, and physical marketing.

Industry observers say the trend has democratised music promotion by giving emerging artistes direct access to large audiences without requiring major label backing.

However, concerns are also growing that the demand for short, catchy, and trend-driven songs may encourage formulaic music production and reduce artistic depth.

Experts further warn that heavy dependence on social media algorithms creates uncertainty for artistes, as trends can change rapidly and success may become increasingly unpredictable.

WHAT’S BEING SAID

Music promoters and digital strategists say TikTok has become one of the most powerful marketing tools in Nigeria’s entertainment industry.

Analysts believe the platform has significantly contributed to the global expansion of Afrobeat music by exposing Nigerian songs to international audiences through viral content.

At the same time, industry professionals are encouraging artistes to balance commercial appeal with originality to sustain long-term careers beyond temporary online trends.

WHAT’S NEXT

Industry stakeholders expect TikTok-driven music promotion strategies to continue evolving as digital platforms gain greater influence over entertainment consumption patterns.

Record labels and artistes are also likely to invest more heavily in influencer marketing, choreography development, and short-form content creation to improve audience engagement.

Experts predict that future music success in Nigeria will increasingly depend on the ability of artistes to combine authenticity, creativity, and digital adaptability.

BOTTOM LINE

TikTok has become a powerful force in Nigeria’s music industry, influencing how songs are produced, promoted, and consumed. While the platform has created unprecedented opportunities for Afrobeat artistes to achieve global visibility, stakeholders say maintaining artistic originality amid the race for virality will remain a critical challenge for the industry.

NMRC lists ₦11.50 billion fixed rate bond on FMDQ exchange to boost housing finance

JAMB sets 2026 admission cut-Off Marks, fixes deadlines for tertiary institutions

By
Boluwatife Oshadiya
-
JAMB Releases Cut-off Mark For 2022/2023 Admissions

By Boluwatife Oshadiya

Key Points

  • JAMB has approved 150 as the minimum admissible score for universities and nursing colleges for the 2026 admission exercise.
  • Polytechnics and monotechnics will admit candidates with a minimum score of 100.
  • Public universities must conclude admissions by October 31, 2026.
  • Candidates must accept admission offers within four weeks or risk losing them.

Main Story

The Joint Admissions and Matriculation Board (JAMB) has approved 150 as the minimum cut-off mark for admission into universities and colleges of nursing for the 2026 academic session.

The board also fixed 100 as the minimum admissible score for polytechnics and monotechnics across the country. The decisions were reached during the 2026 Policy Meeting on Admissions into Tertiary Institutions held on Monday in Abuja.

The annual policy meeting, which brings together heads of tertiary institutions, education stakeholders, and regulatory agencies, is responsible for determining admission guidelines and timelines for the upcoming academic session.

Minister of Education, Dr Tunji Alausa, who chaired the meeting, said the approved cut-off marks represented the minimum benchmark for admissions and must be strictly adhered to by all institutions.

“Candidates seeking admission must meet the approved minimum standards set for the 2026 admission exercise,” Alausa stated.

Stakeholders at the meeting also agreed on timelines for the completion of admissions across tertiary institutions nationwide.

Under the approved schedule, public universities are expected to conclude admissions on or before October 31, 2026, while private universities have until November 30, 2026 to complete their admission processes. Polytechnics, monotechnics, and colleges of education are expected to finalise admissions by December 31, 2026.

JAMB Registrar, Prof. Ishaq Oloyede, directed all institutions to strictly comply with the approved timelines, warning that institutions that fail to conclude admissions within the stipulated period would lose access to candidates on the Central Admissions Processing System (CAPS).

“Once the deadline expires, any institution that fails to conclude its admission exercise will no longer have access to candidates for that session,” Oloyede warned.

The registrar also announced a new compliance measure requiring successful candidates to accept admission offers within four weeks.

According to him, candidates who fail to accept their admission within the specified period risk losing the offer and may become ineligible for further admission consideration during the session.

JAMB said the policy is designed to improve transparency, reduce delays, and ensure a more efficient admission process across tertiary institutions.

The development comes as Nigeria continues to record rising demand for university admissions amid limited institutional capacity and increasing competition for placement into federal and state-owned universities.

Education analysts say the enforcement of stricter admission timelines could help reduce prolonged admission delays that have affected academic calendars in recent years.

What’s Being Said

Education stakeholders have welcomed the decision to introduce clearer admission timelines, arguing that it could improve efficiency and reduce uncertainty for candidates.

However, some stakeholders continue to express concerns over admission capacity constraints, particularly in highly competitive courses such as medicine, law, nursing, and engineering.

What’s Next

Tertiary institutions are expected to commence admission processing in line with the approved guidelines and timelines. JAMB will continue monitoring compliance through its Central Admissions Processing System, while candidates are advised to regularly monitor their admission status and promptly accept offers when issued.

Further directives on post-UTME screenings and institutional admission procedures are expected from individual institutions in the coming months.

Bottom Line

JAMB’s latest admission guidelines aim to standardise the 2026 admission process, improve transparency, and ensure timely completion of admissions across Nigeria’s tertiary institutions. The enforcement of stricter timelines could help reduce administrative delays and improve coordination within the education sector.

Interswitch Launches Ticket Vending Platform to Digitise Nigeria’s Interstate Travel Ecosystem

NMRC lists ₦11.50 billion fixed rate bond on FMDQ exchange to boost housing finance

By
Boluwatife Oshadiya
-
MyCredit Investments Limited Quotes ₦2.50bn Commercial Paper On FMDQ Exchange

By Boluwatife Oshadiya

Key Points

  • Nigeria Mortgage Refinance Company (NMRC) has listed a ₦11.50 billion 10-year fixed rate bond on FMDQ Securities Exchange.
  • The bond carries a 17.25 per cent coupon rate under NMRC’s ₦440 billion Medium Term Note Programme.
  • Proceeds will be used to expand mortgage refinancing operations and improve housing finance access.
  • Market stakeholders say the issuance reflects growing investor confidence in Nigeria’s debt capital market.

Main Story

Nigeria Mortgage Refinance Company PLC (NMRC) has secured the listing of its ₦11.50 billion 10-Year 17.25 per cent Series 1 Fixed Rate Bond on FMDQ Securities Exchange Limited, in a move aimed at deepening long-term housing finance and strengthening Nigeria’s debt capital market.

The listing was approved under NMRC’s ₦440 billion Medium Term Note Programme, further reinforcing the growing role of the domestic debt market in supporting infrastructure and housing development across Nigeria.

NMRC, a mortgage refinancing institution licensed by the Central Bank of Nigeria (CBN), was established in 2013 to provide long-term liquidity to mortgage lenders and improve access to affordable housing finance nationwide.

The company said proceeds from the bond issuance will be channelled toward expanding refinancing operations, strengthening support for primary mortgage lenders, and advancing the Federal Government’s housing accessibility agenda.

The transaction was sponsored by Stanbic IBTC Capital Limited, which acted as Sole Issuing House and Bookrunner for the issuance.

Reacting to the successful listing, Managing Director of NMRC, Mr Kehinde Ogundimu, said investor confidence remained strong despite prevailing macroeconomic pressures.

“NMRC is pleased with the strong reception of our Series 1 Bond issuance, which reflects continued investor confidence in NMRC’s business model and the critical role we play in strengthening Nigeria’s housing finance ecosystem,” Ogundimu said.

“The successful execution of this transaction enables us to further support mortgage lenders with long-term funding and advance our objective of improving access to affordable housing finance,” he added.

Also commenting, Chief Executive of Stanbic IBTC Capital Limited, Mr Oladele Sotubo, described the transaction as evidence of sustained investor appetite for quality debt instruments in Nigeria.

“The strong level of oversubscription highlights the strength of investor appetite for well-structured, high-quality credit in the Nigerian debt capital markets,” Sotubo stated.

FMDQ Group Chief Operating Officer, Ms Tumi Sekoni, said the listing underscored the importance of long-tenor financing instruments in supporting sectors critical to economic development.

“Housing finance remains central to inclusive economic development, and NMRC’s presence on our platform further reinforces FMDQ Exchange’s commitment to providing a transparent, efficient, and credible marketplace,” Sekoni said.

The development comes amid Nigeria’s widening housing deficit, estimated by industry experts to exceed 20 million units, with affordability and access to long-term mortgage financing remaining major challenges for many Nigerians.

Analysts say deeper participation in the bond market could provide mortgage institutions with the liquidity required to offer longer repayment tenors and more affordable housing loans.

What’s Being Said

Market operators say the successful bond issuance reflects improving confidence in Nigeria’s fixed income market despite elevated interest rates and inflationary pressures.

Industry stakeholders also note that expanding access to long-term mortgage financing is critical to reducing Nigeria’s housing deficit and stimulating broader economic activity across the construction and real estate sectors.

What’s Next

NMRC is expected to deploy the proceeds toward refinancing eligible mortgage portfolios and supporting participating mortgage lenders across the country.

Analysts will also monitor whether additional issuances under the company’s ₦440 billion Medium Term Note Programme attract similar levels of investor participation.

The listing is expected to further deepen liquidity in Nigeria’s debt capital market while encouraging more corporate and infrastructure-related bond issuances.

Bottom Line

NMRC’s ₦11.50 billion bond listing highlights the growing importance of Nigeria’s debt capital market in financing long-term economic development. The transaction is expected to strengthen mortgage liquidity, support affordable housing, and expand investor participation in the fixed income market.

Yuan strengthens against dollar on Monday

Oil prices rise as Trump rejects Iran peace proposal amid Hormuz tensions

By
Kehinde Victor
-

KEY POINTS

  • Oil prices surged after U.S. President Donald Trump rejected Iran’s response to a U.S.-backed peace proposal.
  • The standoff has heightened fears that the conflict could continue disrupting shipping through the Strait of Hormuz, a critical global energy route.
  • Iran has demanded an end to hostilities, sanctions relief, and guarantees over regional security, while the U.S. and its allies remain divided over the next steps.

MAIN STORY

Global oil prices climbed sharply on Monday after U.S. President Donald Trump swiftly rejected Iran’s response to a U.S.-brokered peace proposal, deepening concerns over the ongoing conflict and disruptions to global energy supplies.

The development intensified fears that the 10-week-old conflict could drag on, prolonging instability around the Strait of Hormuz, a strategic maritime corridor through which roughly one-fifth of the world’s oil and liquefied natural gas supplies previously passed before the outbreak of hostilities.

Days after Washington proposed a framework aimed at restarting negotiations, Iran released a response on Sunday calling for an end to the conflict across all fronts, including in Lebanon, where U.S. ally Israel continues military operations against the Iran-backed Hezbollah.

Tehran’s proposal also demanded compensation for war-related damages, recognition of its sovereignty over the Strait of Hormuz, an end to the U.S. naval blockade, guarantees against future attacks, the lifting of sanctions, and the removal of restrictions on Iranian oil exports.

However, Trump dismissed the proposal within hours through a post on Truth Social.

“I don’t like it. Totally unacceptable,” Trump wrote, without providing further details.

The United States had reportedly sought an immediate cessation of hostilities before entering broader negotiations covering contentious issues such as Iran’s nuclear programme.

Responding on Monday, Iranian Foreign Ministry spokesperson Esmaeil Baghaei defended Tehran’s conditions, describing them as legitimate demands.

“Our demand is legitimate: demanding an end to the war, lifting the U.S. blockade and piracy, and releasing Iranian assets that have been unjustly frozen in banks due to U.S. pressure,” Baghaei said.

He added that ensuring safe passage through the Strait of Hormuz and restoring regional security constituted “a generous and responsible offer.”

Oil prices reportedly surged by about four dollars per barrel before easing slightly later in the day as uncertainty surrounding the conflict continued to unsettle global energy markets.

Shipping through the strait has significantly declined since the conflict began on Feb. 28, with maritime data providers Kpler and LSEG reporting that only a handful of crude tankers exited the waterway last week, many reportedly switching off tracking systems to avoid potential attacks.

Although a ceasefire implemented in early April has reduced full-scale military confrontations, sporadic flare-ups near the strategic waterway have continued to threaten regional stability and global trade routes.

The conflict is also emerging as a domestic political challenge for Trump ahead of key U.S. elections, as rising fuel prices fuel public dissatisfaction and economic pressure.

Washington has reportedly struggled to secure broader international military backing, with NATO allies unwilling to deploy naval forces to reopen the waterway without a comprehensive peace agreement and an internationally mandated mission.

Meanwhile, Turkey’s Foreign Minister, Hakan Fidan, is expected to visit Qatar on Tuesday for talks involving the United States, Iran, and mediator Pakistan on de-escalation efforts and navigational safety in the Gulf.

Trump is also expected to arrive in Beijing on Wednesday for discussions with Chinese President Xi Jinping, where the Iran conflict and its impact on global energy supplies are expected to feature prominently.

Washington has been urging China to use its influence to pressure Tehran toward a diplomatic agreement.

However, Baghaei suggested Beijing could instead challenge U.S. actions in the Gulf region.

“Our Chinese friends know very well how to use these opportunities to warn about the consequences of the U.S.’s illegal and bullying actions on regional peace and security,” he said.

Addressing the conflict, Trump stated in remarks aired on Sunday that although Iran had suffered major setbacks, the confrontation was not necessarily over.

“They are defeated, but that doesn’t mean they’re done,” he said.

Israeli Prime Minister Benjamin Netanyahu also maintained that the conflict could not end until Iran’s enriched uranium stockpiles, nuclear facilities, proxy networks, and ballistic missile capabilities were addressed.

Speaking to CBS News’ “60 Minutes,” Netanyahu said diplomacy remained preferable but did not rule out further military action.

Iranian President Masoud Pezeshkian, meanwhile, insisted that Tehran would “never bow down to the enemy” and would continue defending its national interests.

Regional tensions remained high on Sunday, with the United Arab Emirates reporting the interception of two drones launched from Iran, while Qatar condemned a drone strike targeting a cargo vessel in its waters.

Kuwait also announced that its air defence systems had intercepted hostile drones entering its airspace.

THE ISSUES

The continued conflict threatens global energy stability, with disruptions in the Strait of Hormuz posing major risks to oil supplies, shipping operations, and international trade.

Analysts warn that prolonged instability in the Gulf could trigger sustained increases in oil prices, worsen inflation globally, and deepen geopolitical tensions involving major world powers.

The crisis also reflects broader concerns over nuclear diplomacy, regional proxy conflicts, and the growing militarisation of strategic waterways critical to global commerce.

WHAT’S BEING SAID

The United States insists that Iran must agree to broader negotiations and security guarantees before sanctions relief and diplomatic normalisation can proceed.

Iran, however, maintains that any peace agreement must include guarantees against future attacks, the lifting of sanctions, and recognition of its regional security concerns.

Global leaders and energy analysts are warning that failure to secure a diplomatic breakthrough could further destabilise the Middle East and international energy markets.

WHAT’S NEXT

Diplomatic engagements involving the United States, Iran, Turkey, China, and regional actors are expected to continue in the coming days as efforts to prevent further escalation intensify.

Global markets will also closely monitor developments surrounding the Strait of Hormuz and oil supply disruptions.

The outcome of Trump’s upcoming talks with Xi Jinping may also shape future diplomatic efforts and international pressure on Tehran.

BOTTOM LINE

Trump’s rejection of Iran’s peace proposal has heightened fears of a prolonged conflict in the Gulf, driving up oil prices and increasing uncertainty over global energy supplies. With tensions around the Strait of Hormuz remaining high, world powers are under growing pressure to secure a diplomatic resolution before the crisis further disrupts regional stability and the global economy.

Nigeria First policy not a ban on foreign investors, says BPP

Xi, Trump set for high-stakes talks on bilateral relations, global stability

By
Boluwatife Oshadiya
-
Donald Trump

By Boluwatife Oshadiya

Key Points

  • Chinese President Xi Jinping and U.S. President Donald Trump are expected to hold extensive talks on China-U.S. relations and global development issues.
  • Trump’s scheduled May 13–15 state visit marks the first visit to China by a sitting U.S. president in nine years.
  • Beijing says the talks will focus on cooperation, managing disagreements, and promoting global stability.
  • Analysts say the meeting could shape trade, security, and diplomatic relations between the world’s two largest economies.

Main Story

Chinese President Xi Jinping and U.S. President Donald Trump are set to engage in high-level discussions focused on bilateral relations, global peace, and economic development during Trump’s upcoming state visit to China.

The announcement was made on Monday by Chinese Foreign Ministry spokesperson Guo Jiakun during a press briefing in Beijing.

According to Guo, Trump’s visit to China is scheduled to take place from May 13 to May 15, marking the first official visit to the Asian economic giant by a U.S. president in nearly a decade.

The meeting is expected to revisit several contentious and strategic issues affecting relations between both countries, including trade cooperation, technology restrictions, geopolitical tensions, global security, and economic coordination.

Xi and Trump last met in October 2025 in Busan, South Korea, during a regional diplomatic engagement where both leaders reportedly agreed on the need to maintain dialogue despite ongoing disagreements between Washington and Beijing.

Speaking during the briefing, Guo said head-of-state diplomacy remains critical to maintaining stable relations between both countries.

“Head-of-state diplomacy plays an irreplaceable strategic guiding role in China-U.S. relations,” Guo said.

He added that China remains willing to engage the United States on the basis of equality, mutual respect, and shared economic interests.

“China is willing to work with the United States in the spirit of equality, respect, and mutual benefit to expand cooperation, manage differences, and inject more stability into a turbulent and changing world,” Guo stated.

The planned visit comes at a time of heightened geopolitical uncertainty, ongoing global economic realignments, and growing concerns over trade protectionism, semiconductor restrictions, and regional security issues involving Taiwan and the South China Sea.

International observers believe the talks may also address broader global concerns such as climate cooperation, artificial intelligence regulation, supply chain resilience, and efforts to stabilise financial markets.

What’s Being Said

Chinese officials have continued to emphasise diplomacy and economic cooperation ahead of the visit, while analysts suggest the meeting represents a strategic attempt by both countries to prevent further deterioration in bilateral relations.

Foreign policy experts say sustained dialogue between Washington and Beijing remains crucial given the influence both nations exert on global trade, investment flows, and international security.

What’s Next

The outcome of the Xi-Trump meeting will likely be closely monitored by investors, global policymakers, and financial markets.

Any agreements reached during the visit could influence future trade negotiations, investment policies, and diplomatic engagements between both countries.

Further details regarding the agenda, bilateral agreements, and possible joint statements are expected to emerge during the three-day visit.

Bottom Line

The upcoming meeting between Xi Jinping and Donald Trump signals renewed diplomatic engagement between China and the United States at a critical moment for the global economy and international politics. The discussions are expected to shape the direction of bilateral relations and broader global stability in the months ahead.

Yuan strengthens against dollar on Monday

Senate moves to modernise agricultural education, research to boost food security

By
Ibe Wada
-
Eid-Kabir: Food Prices, Transportation Hit Rooftop

KEY POINTS

  • The Senate Committee on Agricultural Colleges and Institutions has unveiled plans to reform Nigeria’s agricultural education and research system to address food insecurity and unemployment.
  • The committee says it is pursuing international partnerships with countries including China, Brazil, Germany, and the United Kingdom for technology transfer and training.
  • Stakeholders at the upcoming National Legislative Summit on Agricultural Colleges and Institutions are calling for stronger legislative support, investment, and collaboration in agricultural research.

MAIN STORY

The Senate Committee on Agricultural Colleges and Institutions has announced plans to modernise Nigeria’s agricultural education and research system as part of broader efforts to strengthen food security and create employment opportunities across the country.

Chairman of the committee, Sharafadeen Alli, disclosed this during a media parley held in Ibadan ahead of the maiden National Legislative Summit and Expo on Agricultural Colleges and Institutions.

The summit, scheduled to hold from Tuesday to Friday, is themed: “Unfolding the Potential of Agricultural Colleges and Institutions through Collaboration and Innovation to Enhance Food Security and Job Creation.”

According to Alli, the committee has initiated high-level diplomatic engagements with countries including Malaysia, Brazil, China, Germany, India, and the United Kingdom, as well as the European Union, to facilitate technology transfer, investment, and training aimed at overhauling Nigeria’s agricultural education sector.

He said the committee was committed to transforming agricultural institutions from largely theory-driven centres into practical, innovation-focused hubs capable of delivering measurable results in food production and agribusiness development.

“The era of treating agricultural education as purely academic is over. Our goal is to ensure that between 60 and 70 per cent of training focuses on practical areas such as crop production, livestock, and agribusiness,” Alli said.

The senator explained that the planned reforms informed the decision to organise the first National Legislative Summit and Expo on Agricultural Colleges and Research Institutions.

He further disclosed that the committee is currently reviewing laws guiding the Agricultural Research Council of Nigeria (ARCN), noting that more than 16 affiliated research institutes must improve operational efficiency and align their mandates with Nigeria’s food security objectives.

Alli added that the Senate supports the establishment of specialised institutions, including the proposed Federal College of Agriculture in Shani, Borno State, to strengthen agricultural development in underserved areas.

“Despite logistical challenges, the committee has continued to engage heads of agricultural agencies to ensure that over 35 research institutes contribute meaningfully to national food security goals. Our focus remains on producing skilled manpower capable of bridging the gap between agricultural research and practical farming,” he stated.

Also speaking, the Executive Director of the National Horticultural Research Institute (NIHORT), Muhammed Attanda, described the summit as timely, stressing that Nigeria urgently requires a stronger legislative framework to support agricultural development.

Attanda lamented that agricultural research institutions in Nigeria were not receiving adequate visibility despite possessing innovations and products capable of competing globally.

“We have outstanding products and innovations that can compete globally, but we lack the platform to effectively showcase them to Nigerians,” he said.

Similarly, the acting Executive Director of the Cocoa Research Institute of Nigeria (CRIN), Adedeji Abiodun, said government alone could not drive agricultural development without active collaboration from citizens and private stakeholders.

He called for stronger partnerships to revitalise research institutions across the country and improve their capacity to contribute to national development.

“We need support and collaboration, as research institutions require adequate resources to function effectively and contribute meaningfully to national development,” Abiodun said.

The acting Executive Director of the Institute of Agricultural Research and Training (IAR&T), Oluwatosin Gabriel, also stressed the importance of research in national development.

Gabriel noted that Nigeria possesses highly skilled researchers across different sectors but lamented that foreign countries often benefit more from Nigerian expertise than the country itself.

“What agriculture urgently needs is stronger legislative and executive support. While the Federal Government can provide policy frameworks, state governments also have critical roles to play, especially in land provision and implementation of development initiatives,” he said.

THE ISSUES

Nigeria continues to face major food security challenges driven by low agricultural productivity, weak mechanisation, inadequate funding for research institutions, and poor linkage between research findings and practical farming.

Stakeholders say many agricultural colleges and research institutes operate with outdated infrastructure, insufficient funding, and limited access to modern technology, affecting their ability to contribute effectively to national development.

Experts have also raised concerns about youth unemployment and declining interest in agriculture, stressing the need for practical training and innovation-driven education capable of creating sustainable jobs in agribusiness and food production.

WHAT’S BEING SAID

Lawmakers and agricultural experts say modernising agricultural education and strengthening research institutions are essential to addressing food insecurity and driving economic growth.

Stakeholders also believe international collaboration, technology transfer, and practical training will help reposition Nigeria’s agricultural sector for competitiveness and sustainability.

Researchers are calling for increased government funding, stronger policies, and improved public-private partnerships to revitalise agricultural research and innovation nationwide.

WHAT’S NEXT

The Senate Committee is expected to advance legislative reforms targeting agricultural colleges, research institutes, and the broader agricultural education framework.

Outcomes from the National Legislative Summit and Expo may also shape future policies aimed at strengthening food security, research innovation, and youth participation in agriculture.

Government agencies and research institutions are likely to intensify collaboration with international partners to improve training, technology adoption, and agricultural productivity across the country.

BOTTOM LINE

The Senate’s push to modernise Nigeria’s agricultural education and research system reflects growing efforts to tackle food insecurity, unemployment, and low agricultural productivity. Stakeholders say sustained investment, stronger legislation, and practical innovation will be critical to transforming agriculture into a major driver of economic growth and national development.

Emmerson Mnangagwa says Zimbabwe’s gold reserves strengthen ZiG currency stability

Interswitch Launches Ticket Vending Platform to Digitise Nigeria’s Interstate Travel Ecosystem

By
Boluwatife Oshadiya
-

Interswitch, one of Africa’s leading integrated payments and digital commerce companies, has announced the launch of its Ticket Vending Platform (TVP), a comprehensive digital solution designed to transform ticketing, streamline operations, and enhance service delivery across Nigeria’s interstate transport sector.

Developed as both an operational management system and a digital marketplace, the platform enables transport operators, particularly small and medium-scale businesses, to digitise their end-to-end processes while connecting to a broader customer base through the Quickteller ecosystem. With TVP, operators can seamlessly create and manage routes, oversee terminal activities, track sales, and access real-time performance insights from a single, centralised platform.

At the core of the solution is a secure, token-based system that allows travellers to purchase digital tickets across multiple channels, including web, mobile, and dedicated point-of-sale (POS) devices deployed at transport terminals. These tokens serve as verifiable digital vouchers, which are validated and redeemed at boarding points, significantly reducing inefficiencies associated with manual ticketing, cash handling, and fragmented sales processes.

Commenting on the launch, Chinyere Don-Okhuofu, Managing Director, Industry Ecosystems, Interswitch, said:

“Transportation remains a critical backbone of Nigeria’s economy, yet much of the sector still operates with fragmented systems and manual processes that limit efficiency and growth. With the Ticket Vending Platform, we are introducing a scalable digital infrastructure that empowers transport operators to modernise their operations, expand their reach, and deliver a more seamless experience to travellers.

“Beyond ticketing, this is about creating a connected ecosystem, one that brings together operators, commuters, and regulators on a unified platform, while driving transparency, efficiency, and long-term value across the industry.”

Beyond its operational capabilities, TVP introduces a marketplace experience that enables travellers to search, compare, and select transport options across multiple operators based on routes, schedules, and pricing. This not only simplifies journey planning but also promotes transparency and choice for commuters.

For transport operators, the platform addresses long-standing challenges such as limited online visibility, disconnected sales channels, and manual reconciliation processes. By leveraging TVP and its integration with the Quickteller platform, operators can expand their market reach, improve settlement transparency, and unlock data-driven insights to optimise performance and revenue.

The platform also supports corporate and institutional users by enabling bulk token purchases, offering a flexible and efficient solution for organisations managing employee or group travel. In addition, TVP delivers value to regulators and stakeholders within the transport ecosystem by providing access to structured data and actionable insights that can support oversight, licensing, and consumer protection efforts.

The launch of the Ticket Vending Platform underscores Interswitch’s broader commitment to driving digital transformation across critical sectors of the economy. By bridging the gap between physical transport operations and digital infrastructure, the platform is set to unlock new efficiencies, enhance customer experience, and accelerate the modernisation of Nigeria’s transport industry.

To learn more about Interswitch’s Parking Management Platform (PMP) and how it is transforming Nigeria’s transport industry, visit www.interswitchgroup.com

Tinubu arrives in Nairobi for Africa forward summit on investment, development

NGO urges investment in waste recycling to combat pollution, create Jobs

By
Ibe Wada
-

KEY POINTS

  • The Jewel Environmental Initiative has called for increased investment in waste recycling to address environmental pollution and youth unemployment.
  • The organisation says inadequate recycling infrastructure, especially in Northern Nigeria, is worsening plastic and nylon pollution.
  • The NGO has trained residents in converting waste into reusable products, including interlock pavements and home gardening materials.

MAIN STORY

The Jewel Environmental Initiative (JEI), a non-governmental organisation, has called on government and relevant stakeholders to invest in waste recycling initiatives as part of efforts to tackle environmental pollution and create sustainable employment opportunities for youths.

The Chief Executive Officer of the organisation, Ismail Bima, made the appeal during an interview in Gombe.

Bima said the need for urgent investment in recycling infrastructure had become necessary due to the growing volume of waste generated across the country and the inability of existing systems to fully harness the economic value chain within the waste management sector.

According to him, establishing recycling facilities would help convert waste into reusable products, reduce environmental pollution, improve sanitation, and boost revenue generation for governments at various levels.

He specifically urged authorities to establish small-scale recycling plants capable of addressing the growing problem of plastic and nylon waste, particularly in Northern Nigeria where plastic pollution continues to pose serious environmental challenges.

“Waste recycling addresses critical environmental sanitation challenges by diverting waste from the streets and other sources, reducing pollution and turning potential environmental hazards into valuable resources,” Bima said.

He noted that Northern Nigeria currently has limited recycling infrastructure, adding that Gombe State has only one company involved in recycling sachet water plastics into reusable products.

“Establishing small-scale recycling plants will reduce environmental hazards, generate revenue for government, and curb unemployment. For women, it will also reduce their level of dependency on their male counterparts,” he added.

The environmental advocate, however, identified the high cost of transportation as a major challenge affecting waste collection and recycling activities.

According to him, the rising cost of transporting recyclable materials to processing centres in other parts of the country has discouraged many young people involved in waste collection and recycling businesses.

He explained that the situation has contributed to increasing volumes of plastic waste clogging drainage systems and littering public spaces.

Bima further disclosed that the organisation had trained 30 individuals in 2025 on how to convert sachet water plastics into interlock paving materials.

He added that women had also been trained on how to use garden waste for home gardening as well as techniques for recycling wastewater for domestic gardening activities.

The JEI chief stated that the organisation is currently collaborating with Gombe State University to train students on waste-to-wealth initiatives and entrepreneurial skills development before graduation.

THE ISSUES

Nigeria continues to grapple with growing waste management challenges driven by rapid urbanisation, population growth, poor sanitation systems, and inadequate recycling infrastructure.

Plastic and nylon pollution have become major environmental concerns in many urban centres, with clogged drainage channels contributing to flooding, health risks, and environmental degradation.

Experts say the country’s limited recycling capacity and weak waste collection systems have prevented effective utilisation of recyclable materials that could otherwise create jobs and generate economic value.

The high cost of transportation and limited investment in local recycling plants also remain significant barriers to developing a sustainable waste management industry, particularly in Northern Nigeria.

WHAT’S BEING SAID

Environmental advocates say waste recycling presents an opportunity to address both environmental and socio-economic challenges simultaneously.

Stakeholders believe increased investment in recycling infrastructure could help reduce pollution, improve sanitation, support climate action, and create employment opportunities for young people and women.

Experts have also stressed the need for stronger government policies, public awareness campaigns, and private sector participation to strengthen Nigeria’s waste management system.

WHAT’S NEXT

Stakeholders are expected to intensify calls for government support and private investment in recycling facilities across the country.

Environmental groups and educational institutions may also expand training programmes focused on waste-to-wealth initiatives and green entrepreneurship.

Authorities are likely to explore additional strategies for improving waste collection, reducing plastic pollution, and promoting sustainable environmental practices nationwide.

BOTTOM LINE

The call by The Jewel Environmental Initiative highlights the growing need for investment in Nigeria’s waste recycling sector. Stakeholders say improved recycling infrastructure could help tackle environmental pollution, generate revenue, and provide sustainable employment opportunities for youths and women across the country.

Federal Government tightens anti-drug campaign with mandatory tests for students
1...567...3,164Page 6 of 3,164

Recent Posts