Lagos APC: Tinubu won’t restore petrol subsidy

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August 27, 2026

Key Points

Lagos APC Chairman Cornelius Ojelabi says Tinubu will not reverse petrol subsidy removal.
He says higher federal allocations have enabled councils to fund development and empowerment projects.
APC chieftains defend the administration’s infrastructure spending and urge support for Tinubu’s second term.

Main Story

The Lagos State Chairman of the All Progressives Congress (APC), Mr Cornelius Ojelabi, says President Bola Tinubu will not restore petrol subsidy, describing the policy as a burden on public finances.

Ojelabi said the subsidy had largely benefited wealthy Nigerians rather than those most in need, while its removal had increased funds available to state and local governments for development.

He spoke on Wednesday at the inauguration of projects and empowerment initiatives marking the first anniversary of the administration of Ajeromi-Ifelodun Local Government Chairman, Mr Olalekan Olu-Akindipe.

According to Ojelabi, the additional allocations received by councils following the removal of subsidy had enabled them to invest in infrastructure, education, healthcare and poverty reduction programmes.

He said the projects being implemented by the council demonstrated how the increased resources were being channelled towards residents.

The Issues

Ojelabi’s comments came amid renewed calls from African Democratic Congress presidential candidate, Atiku Abubakar, for the restoration of a targeted fuel subsidy if elected.

Atiku has argued that targeted subsidy could ease economic hardship and improve Nigerians’ purchasing power.

Ojelabi, however, maintained that the removal of the subsidy had created additional resources for governments to address development needs.

He also acknowledged that challenges remained under the Tinubu administration, particularly in the area of security, despite what he described as improvements in economic and infrastructure development.

What’s Being Said

“We are using it to touch the life of our people, improve educational facilities and provide infrastructural development.” — Cornelius Ojelabi, Lagos APC Chairman

“Security-wise, Nigeria isn’t there yet, but Nigerians can see some improvements in economic and infrastructural development.” — Cornelius Ojelabi, Lagos APC Chairman

“Go to Victoria Island to see the Lagos-Calabar Highway; you will be amazed.” — Musiliu Obanikoro, former Minister of State for Defence

What’s Next

Ojelabi urged residents of Ajeromi-Ifelodun to expect more projects from the council, saying Olu-Akindipe had completed only one year in office.

Former Minister of State for Defence, Sen. Musiliu Obanikoro, also called on Nigerians to give Tinubu another opportunity to continue his programmes.

Obanikoro cited major road projects, including the Lagos-Calabar Highway and Lagos-Sokoto Road, as examples of infrastructure investments he said could transform the country.

At the local level, projects inaugurated during the anniversary included the Maracana Footbridge, Ajasa Motorable Bridge, Mokoya Motorable Bridge and roads on Oluwa and Uweriro streets.

The council also commissioned Oluwa Nursery and Primary School and three solar-powered boreholes.

An empowerment programme distributed equipment including deep freezers, industrial machines, stone-cutting machines, welding machines, shoemaking machines, cake mixers, vulcanising machines, make-up kits and solar generators.

Beneficiaries also received chairs, canopies, rice and cash support for widows and elderly residents.

Bottom Line

The Lagos APC leadership is defending the removal of petrol subsidy and arguing that the resulting increase in government allocations is enabling councils to fund development and welfare programmes. The position comes as opposition figures continue to advocate targeted subsidy as a way of reducing the impact of higher living costs.

African health experts urge early antenatal care to cut maternal deaths

67 Nigerians repatriated from South Africa receive N50,000 each

By

Kehinde Victor

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August 27, 2026

Key Points

A new batch of 67 Nigerians arrived in Lagos from South Africa.
Private individuals facilitated the repatriation and gave each returnee N50,000.
Organisers urged the returnees to remain patriotic and comply with relevant regulations.

Main Story

Sixty-seven Nigerians repatriated from South Africa arrived at the Murtala Mohammed International Airport, Lagos, on Wednesday night aboard a South African Airways flight.

The repatriation was facilitated by a group of private individuals, who also provided financial support to the returnees upon their arrival.

The latest group brings the number of Nigerians repatriated with the support of the philanthropic group to 150, following the return of 83 Nigerians previously assisted by the group.

Mr Ikem Ume-Ezeoke and Chief Charles Mba, who represented the group, received the returnees and gave each person N50,000.

The Issues

Mba, a businessman and philanthropist, urged the returnees to comply with the regulations of relevant government agencies and contribute positively to the country.

He told them that their experiences in South Africa should not prevent them from rebuilding their lives in Nigeria.

Ume-Ezeoke, the group’s coordinator, commended previous efforts by the Federal Government and said Nigeria had opportunities that could be explored by the returnees.

What’s Being Said

“No hope is lost, and whatever happened in South Africa would not be a hindrance to the returnees’ growth, particularly that of the children.” — Charles Mba, businessman and philanthropist

“Nigeria has potential to be harnessed by the returnees.” — Ikem Ume-Ezeoke, coordinator of the philanthropic group

What’s Next

The returnees are expected to begin rebuilding their lives in Nigeria, with the organisers urging them to observe the requirements of relevant government agencies.

The philanthropic group is also expected to continue supporting the repatriation of Nigerians, having previously facilitated the return of 83 others.

Bottom Line

A further 67 Nigerians have returned from South Africa with assistance from a private philanthropic group, which provided each returnee with N50,000. The organisers urged them to view their return as an opportunity to rebuild and contribute to Nigeria’s development.

Ghana government declines MTN’s ghs20 million offer for xenophobia victims

African health experts urge early antenatal care to cut maternal deaths

By

Kehinde Victor

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August 27, 2026

Key Points

African Perinatal Society urges pregnant women to begin antenatal care early.
Experts say early detection can help prevent deaths linked to pre-eclampsia, diabetes and other pregnancy complications.
Society plans regular training for frontline healthcare workers and support for underserved facilities.

Main Story

The African Perinatal Society (APS) has urged pregnant women to register for antenatal care early as part of efforts to reduce maternal and newborn deaths in Nigeria and across Africa.

The society made the call during its Second International Congress of Ultrasound and Perinatal Medicine, organised in partnership with UNICEF and Aminu Kano Teaching Hospital (AKTH).

President of APS, Prof. Aliyu Dayyabu, said the congress was designed to bring specialists and other healthcare professionals together to develop practical approaches to tackling maternal and perinatal illness and deaths.

Dayyabu, a Consultant Obstetrician-Gynaecologist and lecturer at Bayero University Kano, said some international participants had also donated medical equipment to healthcare facilities that needed them.

He added that the society was planning to bring experts back from August next year for regular three-day training programmes targeting frontline health workers.

The training would involve nurses, midwives and doctors working across primary, secondary and tertiary healthcare facilities, with the aim of improving the quality of care available at community level.

The Issues

Prof. Vedran Stefanovic, a Professor of Obstetrics and Gynaecology and Maternal-Fetal Medicine from Finland, identified early antenatal booking as one of the most affordable ways of reducing maternal mortality.

He said early visits to healthcare facilities could allow conditions that threaten the health of mothers and babies to be detected and managed before they become severe.

Among the conditions he identified were pre-eclampsia, HIV transmission, diabetes and complications associated with large babies.

Stefanovic said women, particularly those living in rural communities, needed better information about the importance of starting antenatal care early.

He also called for stronger rural healthcare facilities and improved training for midwives so they could provide basic antenatal services and refer high-risk pregnancies promptly.

What’s Being Said

“Early antenatal booking is one of the most effective and affordable interventions for reducing maternal deaths.” — Vedran Stefanovic, Professor of Obstetrics and Gynaecology and Maternal-Fetal Medicine

“Many maternal deaths could be prevented if women visited health facilities early after becoming pregnant.” — Vedran Stefanovic, Professor of Obstetrics and Gynaecology and Maternal-Fetal Medicine

What’s Next

APS plans to continue working with healthcare professionals and partners to improve maternal, fetal and neonatal care.

Dayyabu said experts were expected to return from August next year to conduct regular three-day training sessions for frontline healthcare workers.

The society also intends to extend improved practices from tertiary institutions to primary and secondary facilities, particularly those serving rural communities.

UNICEF Health Manager, Dr Serekeberehan Seyoum, commended APS for its work in research, training and collaboration in maternal, fetal and neonatal health.

He said the congress, themed “Synergy in Practice: Transforming Perinatal Outcomes Through Obstetrics and Neonatal Partnerships,” could strengthen healthcare systems through scientific presentations, practical training and the use of modern technologies.

Bottom Line

Experts at the congress identified early antenatal care as a relatively affordable way to detect pregnancy complications before they become life-threatening. Expanding access to trained healthcare workers, stronger rural facilities and timely referrals will be crucial to turning that intervention into lower maternal and neonatal mortality.

FG inaugurates 100 electric buses for federal civil servants

Nigeria needs N60tn to close housing deficit, MREIF says

By

Kehinde Victor

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August 27, 2026

Key Points

Nigeria needs about N60 trillion to address its housing deficit, according to MREIF.
Annual housing delivery would need to rise from about 100,000 units to 700,000 units.
FirstBank-MREIF mortgage scheme offers eligible applicants loans of up to N100 million at 9.75 per cent interest.

Main Story

Nigeria needs about N60 trillion in investment to substantially close its housing deficit, the National Coordinator of the MOFI Real Estate Investment Fund (MREIF), Mr Sani Yakubu, has said.

Yakubu disclosed this on Wednesday during a FirstBank of Nigeria Ltd. webinar themed, “Beyond Rent: The Path to Home Ownership Leveraging FirstBank-MREIF Home Loan Scheme to Build Long-Term Wealth.”

He said the country’s housing shortfall had exceeded 20 million homes, while the current rate of construction was only about 100,000 housing units annually.

To make meaningful progress in reducing the deficit, Yakubu said annual housing delivery needed to increase to approximately 700,000 units.

He explained that MREIF was created through a public-private partnership to improve both the affordability and availability of housing.

According to him, the fund’s initial N250 billion tranche consists of N150 billion from the Federal Government and N100 billion from private investors, as part of a larger N1 trillion programme registered with the Securities and Exchange Commission.

Yakubu said the fund’s partnership with FirstBank was intended to expand access to mortgage finance for Nigerians seeking to acquire residential properties.

He said the intervention was designed to increase financing in the housing market while complementing, rather than replacing, existing mortgage providers.

The Issues

The scale of Nigeria’s housing deficit highlights the gap between the country’s demand for homes and the pace at which new housing units are being delivered.

While increasing construction is necessary, access to long-term and affordable financing remains another barrier to home ownership.

Mr Olubiyi Adekunbi, Head of Real Estate Investment at ARM Investment Managers, said MREIF had disbursed more than N140 billion to over 2,000 beneficiaries since mortgage payments began in April.

He said the beneficiaries were spread across 27 states.

Under the scheme, eligible applicants can access mortgages of up to N100 million at an interest rate of 9.75 per cent, with repayment periods of up to 20 years, subject to their retirement age.

Applicants are required to provide at least 10 per cent equity, while eligible pension contributors may supplement this with up to 25 per cent of their Retirement Savings Account balance.

What’s Being Said

“Annual housing delivery needs to increase to about 700,000 units to significantly address the deficit.” — Sani Yakubu, National Coordinator, MREIF

“MREIF was established through a public-private partnership to address challenges of housing affordability and supply.” — Sani Yakubu, National Coordinator, MREIF

“The mortgage scheme will help democratise access to affordable home ownership across Nigeria.” — Chukwuka Okonkwo, Head, Personal Banking, FirstBank

What’s Next

Prospective applicants can approach FirstBank to begin the mortgage application process and receive guidance on the eligibility requirements.

FirstBank said it would finance completed residential properties with verifiable titles and was also working with developers and state housing corporations to expand the supply of affordable homes.

Mr Olufemi Adebayo, Executive Director, Sales and Investments, Leadway Pensure PFA Ltd., said eligible pension contributors could use up to 25 per cent of their RSA balance towards home ownership.

He said applicants under that arrangement must have contributed for at least five years, remain in active employment and have a minimum of three years before retirement.

Adebayo added that Leadway Pensure had processed more than 70,000 applications and disbursed over N70 billion under the scheme.

Bottom Line

Nigeria’s housing challenge requires both a major increase in housing construction and greater access to long-term financing. The FirstBank-MREIF scheme is one attempt to address the financing side by offering eligible Nigerians mortgages at below-market rates, while the broader housing deficit still requires a substantial increase in annual housing delivery.

Ghana government declines MTN’s ghs20 million offer for xenophobia victims

Ghana government declines MTN’s ghs20 million offer for xenophobia victims

By

Annette Ikponmwonba

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August 26, 2026

By Boluwatife Oshadiya | August 26, 2026, 4:40 PM

Key Points

Ghana declines MTN Ghana’s proposed GHS20 million support for citizens affected by xenophobic attacks in South Africa
Government says it has already provided funding for ongoing evacuations and the reintegration of returning Ghanaians
Ministry of Foreign Affairs will publish the total evacuation cost after the exercise to promote transparency and accountability

Main Story

The Government of Ghana has declined a proposed GHS20 million donation from MTN Ghana to support Ghanaians affected by recent xenophobic attacks in South Africa.

The Ministry of Foreign Affairs announced the decision in a statement issued in Accra on August 26, 2026, saying the Mahama Administration had already made adequate financial provision for the evacuation and reintegration of affected Ghanaians.

The Ministry said it became aware of media reports that MTN Ghana was preparing the donation following comments attributed to the company’s Board Chairman, Dr. Ishmael Yamson.

While commending MTN for the proposed intervention, the government said it had decided not to accept the offer.

“The Government of Ghana commends MTN for the offer, however, we respectfully decline,” the Ministry of Foreign Affairs said.

According to the Ministry, the government’s position had already been communicated directly to MTN’s Board Chairman and Chief Executive Officer when they met with the Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, on August 14, 2026.

The government said it remains responsible for financing the ongoing humanitarian evacuation and reintegration of Ghanaians returning from areas affected by the violence.

MTN Ghana’s proposed GHS20 million intervention was reported earlier this week as a support package for returnees from South Africa. MTN initially set aside GHS10 million but later increased the proposed amount to GHS20 million after determining that longer-term assistance would be more useful to affected returnees.

The Ministry did not disclose the amount already committed by the government to the evacuation and reintegration programme.

What’s Being Said

“The Mahama Administration has made adequate provision for ongoing evacuations and reintegration of Ghanaians and is therefore unable to accept this offer.” — Ministry of Foreign Affairs, Ghana

MTN Ghana had previously said the proposed support was intended to help returning Ghanaians rebuild their lives and livelihoods rather than provide only immediate relief. The company’s Board Chairman, Dr. Ishmael Yamson, also acknowledged that MTN should have engaged the Ministry of Foreign Affairs earlier in the process.

The Ghanaian government has also reaffirmed that its decision does not affect its broader commitment to international businesses operating in the country.

What’s Next

The Ministry of Foreign Affairs said it will publish a comprehensive account of the total cost of the evacuation exercise after the operation is concluded.

The government is expected to continue funding the evacuation and reintegration of Ghanaians brought back from South Africa, while monitoring the humanitarian situation affecting its citizens.

The Ministry also reaffirmed its commitment to maintaining a business environment in which international companies can operate and grow in Ghana, regardless of their country of origin.

Bottom Line

The Bottom Line: Ghana’s rejection of MTN’s GHS20 million offer places the financial responsibility for the evacuation and reintegration programme firmly with the government, while its promised disclosure of the final cost will be important for public accountability. The decision also signals that the government wants to separate its response to the humanitarian crisis from its relationship with international businesses operating in Ghana.

Five filmmakers shortlisted for inaugural Nigeria Creative Arts Prize

FG inaugurates 100 electric buses for federal civil servants

By

Kehinde Victor

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August 26, 2026

Key Points

Federal Government has inaugurated 100 electric buses under the Renewed Hope Mass Transit initiative.
The first 37 buses have been delivered for use by federal civil servants.
Government says the scheme will reduce commuting costs and improve workers’ safety, punctuality and productivity.

Main Story

The Federal Government has introduced 100 electric buses as part of efforts to ease transportation challenges faced by federal civil servants across the country.

The Head of the Civil Service of the Federation (HCSF), Mrs Didi Walson-Jack, disclosed this on Wednesday during the inauguration of the Renewed Hope Mass Transit buses in Abuja.

Walson-Jack said 37 of the 100 buses had been delivered as the first batch under the initiative, which she described as a direct investment in the welfare of government employees.

She said the project was particularly significant for her as it marked the end of her tenure as HCSF, which concludes on Thursday.

According to her, the initiative would help address the financial and safety pressures associated with daily commuting while improving punctuality and productivity among civil servants.

She said transportation should be viewed as more than simply moving workers between their homes and offices because commuting costs and risks directly affect employees’ welfare and performance.

The HCSF said the acquisition of the buses was funded through the Renewed Hope Infrastructure Development Fund.

She also credited President Bola Tinubu for supporting the initiative and commended the Minister of State for Industry, Sen. John Enoh, for his involvement in the project.

Walson-Jack acknowledged the National Automotive Design and Development Council (NADDC), led by its Director-General, Mr Joseph Osanipin, for working with the project team to align the buses with the objectives of Nigeria’s national automotive policy.

The Issues

Daily transportation remains an important welfare concern for civil servants because of its effect on household finances, personal safety and the ability of workers to arrive at their duty posts on time.

The Federal Government is presenting the electric bus scheme as both a staff welfare intervention and part of its wider effort to translate the Renewed Hope Agenda into practical benefits.

The use of electric buses also links the initiative to the government’s broader sustainability objectives and efforts to develop Nigeria’s automotive industry.

However, the initial deployment represents only part of the planned fleet, with 37 buses delivered from the 100 approved for the project.

What’s Being Said

“An intervention that makes transportation safer, more reliable and more affordable is therefore not a peripheral welfare gesture; it is an investment in a more productive civil service.” — Didi Walson-Jack, Head of the Civil Service of the Federation

“For me, it is a dream come true. This inauguration is providentially my parting gift to my dearly beloved federal civil servants.” — Didi Walson-Jack, Head of the Civil Service of the Federation

“My dearly beloved civil servants, treat these buses as your own personal assets. They are assets that have been provided for you all.” — Didi Walson-Jack, Head of the Civil Service of the Federation

What’s Next

The first 37 buses will form the initial deployment under the 100-bus project, while the remaining buses are expected to be delivered and deployed as planned.

The Federal Government will also rely on civil servants to maintain and properly use the buses to ensure that the intervention provides sustained benefits.

The initiative is expected to contribute to lower commuting costs for workers while supporting safer and more reliable transportation.

Bottom Line

The 100-bus electric transport scheme is designed to address a practical pressure facing federal civil servants by reducing commuting costs and risks. With 37 buses already delivered, the government is beginning deployment while linking the project to staff welfare, productivity, sustainability and development of Nigeria’s automotive sector.

EBRD invests $8m in Ventures Platform Pan-African Fund II

Iran, Oman advance talks on temporary Strait of Hormuz corridor

By

Kehinde Victor

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August 26, 2026

Key Points

Iran and Oman are negotiating interim arrangements to restore safe navigation through the Strait of Hormuz.
The proposed framework includes a temporary shipping corridor and phased implementation of new navigation rules.
The two countries are also discussing mine-clearing operations in the strategic waterway.

Main Story

Iran and Oman are making progress towards an interim arrangement aimed at restoring safe navigation through the Strait of Hormuz, with a temporary shipping corridor expected to be announced soon.

Oman’s Foreign Minister Badr al-Busaidi disclosed this on Wednesday after holding talks with his Iranian counterpart, Abbas Araghchi.

The discussions form part of negotiations that have continued for several weeks over new rules governing maritime traffic through the strategic waterway.

The Strait of Hormuz, located between Iran and Oman, is a major route for global energy shipments and any disruption to navigation can affect international oil and gas supplies.

Iran largely halted shipping through the strait after U.S. and Israeli strikes began in late February and subsequently required vessels using the waterway to follow a route along its coastline.

The United States also imposed a naval blockade on Iranian ports, further complicating shipping movements through the region.

The Issues

The proposed temporary corridor is intended to provide a mechanism for ships to move safely while Iran and Oman work towards a longer-term framework.

Iran’s state broadcaster, IRIB, published a joint statement saying the two countries had considered a phased approach to implementing new shipping rules.

The discussions also covered mine-clearing operations, which are considered necessary for restoring safe passage through affected sections of the waterway.

The negotiations are taking place under a framework agreement reached between Iran and the United States in mid-June, which envisaged Iran and Oman working towards a long-term arrangement for shipping through the strait.

The eventual arrangement is expected to comply with international law and involve neighbouring countries.

What’s Being Said

“I am hopeful we will soon announce a temporary corridor for the Strait of Hormuz and practical arrangements to restore safe navigation.” — Badr al-Busaidi, Oman’s Foreign Minister

What’s Next

Iran and Oman are expected to continue discussions on the proposed temporary corridor and the phased implementation of new shipping arrangements.

The countries will also work on practical measures, including mine-clearing operations, as part of efforts to improve navigational safety.

The longer-term framework is expected to involve neighbouring states and operate in accordance with international law.

Bottom Line

Iran and Oman are moving towards an interim solution for shipping through the Strait of Hormuz after weeks of negotiations. A temporary corridor could provide a route for restoring maritime traffic while broader discussions continue on a permanent arrangement governing navigation through the strategic waterway.

Savannah Energy reports higher Nigeria cash collections, revenue in 7M 2026

Nigeria seeks joint defence production, technology transfer from Türkiye

By

Kehinde Victor

-

August 26, 2026

Key Points

Federal Government wants Nigeria-Türkiye defence ties to move beyond equipment purchases.
Nigeria is seeking joint production, technology transfer, local manufacturing and defence research partnerships.
Officials say the DICON Act 2023 provides a framework for developing Nigeria’s defence industrial capacity.

Main Story

The Federal Government has urged Nigeria and Türkiye to deepen defence cooperation through joint production, technology transfer and local manufacturing as Nigeria seeks to develop a self-reliant defence industry.

The Minister of Defence, retired Gen. Christopher Musa, made the call on Wednesday at the opening of the seventh Nigeria-Türkiye Defence Industry Business Forum in Abuja.

Musa said the two countries had developed a broad defence relationship covering equipment acquisition, training and technical assistance, but stressed that the next stage should focus more on industrial cooperation.

He said the forum should lead to practical partnerships and investments capable of strengthening Nigeria’s domestic defence manufacturing capacity.

Musa said the government wanted cooperation with Türkiye to cover areas including joint ventures, co-production, research and development, technology licensing, maintenance and repair, as well as defence supply-chain integration.

He said Nigeria’s ambition was not limited to meeting its immediate security requirements but also to developing the country into a competitive defence manufacturing centre in Africa.

According to him, such development would create employment, build technical skills and strengthen local supply chains.

The minister cited Türkiye’s emergence as a more self-reliant defence producer as an example of the potential benefits of industrial cooperation.

He said Nigerian industries and personnel must ultimately gain the expertise required to maintain and further develop technologies acquired through the partnership.

The Issues

Nigeria’s push for greater local defence production is backed by the Defence Industries Corporation of Nigeria (DICON) Act 2023, which provides a legal framework for expanding domestic defence manufacturing and encouraging private-sector participation.

However, government officials stressed that having the legal framework alone would not be sufficient unless it translated into actual production capacity.

The Minister of State for Defence, Dr Bello Matawalle, said the focus should therefore be on practical arrangements that could deliver joint production, technology licensing, co-development and localisation.

The Nigerian Investment Promotion Commission (NIPC) also identified investment opportunities within the proposed partnership.

The commission said it could facilitate investment and strengthen connections between government and investors while supporting technology-focused partnerships.

According to the NIPC, its legal framework allows it to negotiate special incentives for strategic investments that contribute to industrial development and technology transfer.

What’s Being Said

“We must progressively move beyond a predominantly buyer–seller relationship towards a more balanced partnership founded on joint production, local manufacturing, R&D, maintenance, repair and overhaul, and skills development.” — Christopher Musa, Minister of Defence

“Our ambition goes beyond meeting immediate defence needs. We seek to position Nigeria as a competitive defence manufacturing hub in Africa — one that creates jobs, develops skilled professionals, and strengthens domestic supply chains.” — Christopher Musa, Minister of Defence

“Türkiye is not merely a source of equipment, but a strategic partner in Nigeria’s defence industrialisation journey.” — Christopher Musa, Minister of Defence

“I encourage both sides to explore practical models for joint production, technology licensing, co-development and localisation.” — Bello Matawalle, Minister of State for Defence

What’s Next

The forum will focus on areas including joint production, technology transfer, localisation and Nigeria’s regulatory and investment environment.

According to Mr Gokman Ucar, Vice President of Türkiye’s Presidency of Defence Industries and head of the Turkish defence delegation, the discussions would be followed by business-to-business meetings between participants.

The NIPC is also expected to facilitate investment discussions and strengthen engagement between government institutions and Turkish investors.

Musa urged participants to move from discussions to measurable commitments, with the success of the forum assessed through partnerships established, investments secured and technologies transferred.

Bottom Line

Nigeria is seeking to use its defence relationship with Türkiye to build domestic industrial capacity rather than remain primarily an importer of defence equipment. The government sees joint production, technology transfer and localisation as key to developing a sustainable defence manufacturing base, but the outcome will depend on converting the policy framework and bilateral discussions into actual investment, production and skills development.

SMEDAN targets scalable growth in revised MSME policy

SMEDAN targets scalable growth in revised MSME policy

By

Kehinde Victor

-

August 26, 2026

Key Points

SMEDAN plans to replace fragmented MSME interventions with a coordinated national support framework.
The revised policy will focus on productivity, competitiveness, digital transformation and access to finance.
Stakeholders say effective coordination and implementation will be critical to achieving the policy’s objectives.

Main Story

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is seeking to reposition government support for micro, small and medium enterprises (MSMEs) towards businesses that can expand, compete and create jobs.

The agency’s Director-General, Mr Charles Odii, disclosed this on Wednesday at the National Stakeholders Validation Workshop on the Review of the National Policy on MSMEs in Abuja.

Represented by the Acting Director, Policy Planning, Research and Statistics, Mr Philip Udeochu, Odii said the review was intended to replace the current fragmented approach to MSME support with a more coordinated national system.

He said the proposed framework would place greater emphasis on productivity, business competitiveness, digital transformation and reliable enterprise data.

The policy would also seek to improve the capacity of Nigerian businesses to compete in regional and international markets, while encouraging formalisation, employment and enterprise expansion.

Odii said the review process had involved consultations with entrepreneurs and other stakeholders across different parts of the economy, including physical markets, workshops, farms and digital platforms.

He urged participants to assess the draft critically and ensure that the final document addressed the actual challenges faced by businesses.

The Issues

The review comes against the backdrop of changing business conditions, technological developments and new models of enterprise that require government support to evolve.

The Federal Ministry of Industry, Trade and Investment said MSMEs remained important to job creation, entrepreneurship, innovation and value generation, making an effective policy framework necessary for their continued development.

However, stakeholders identified implementation and coordination as major factors that could determine whether the revised policy produces results.

Mr Omoware Akinropo, Head of Component, SEDIN, GIZ, pointed to gaps in coordination between the federal, state and local governments as one of the challenges affecting the implementation of MSME policies.

He also called for the Technical Working Group involved in the review to remain in place after the validation process to provide continuity in implementation, monitoring and reporting.

What’s Being Said

“The policy is designed to help Nigerian MSMEs thrive, scale and win, rather than merely survive.” — Charles Odii, Director-General, SMEDAN

“Changing economic realities, emerging technologies and evolving business models require a responsive MSME policy.” — Chris Isokpunwu, Permanent Secretary, Federal Ministry of Industry, Trade and Investment

“Effective implementation remains critical to achieving the objectives of the revised policy.” — Omoware Akinropo, Head of Component, SEDIN, GIZ

“Weak coordination among federal, state and local governments is one of the major challenges affecting MSME policy implementation.” — Omoware Akinropo, Head of Component, SEDIN, GIZ

“Stronger MSMEs would contribute to building a more competitive and sustainable Nigerian economy.” — Anum Serumun, Administrative Secretary, NASSI

What’s Next

SMEDAN is expected to use feedback from the validation workshop to refine the proposed policy before its final adoption.

Akinropo urged the agency to maintain the Technical Working Group after validation to help coordinate implementation, monitoring and reporting.

GIZ also indicated its readiness to continue providing technical assistance to SMEDAN and other stakeholders as the revised policy moves towards implementation.

Bottom Line

The revised MSME policy is designed to move government support beyond helping businesses survive towards creating conditions for them to formalise, grow and compete. Its success, however, will depend on effective coordination across government and sustained implementation after the policy is adopted.

Nigeria seeks regional cooperation to strengthen border governance

Savannah Energy reports higher Nigeria cash collections, revenue in 2026

By

Kehinde Victor

-

August 26, 2026

Key Points

Nigeria cash collections rose 13 per cent year-on-year to $247.9 million in the first seven months of 2026.
Revenue increased 10 per cent to $160.6 million, while Stubb Creek production rose 29 per cent.
Uquo 13 achieved first gas in July, while gas was confirmed in most targeted reservoirs at Uquo South.

Main Story

Savannah Energy PLC has reported a 13 per cent year-on-year increase in cash collections from its Nigerian operations to $247.9 million in the seven months to July 31, 2026.

The British independent energy company said its Nigerian cash collections increased from $219.2 million recorded during the corresponding period of 2025.

Revenue also rose by 10 per cent to $160.6 million, compared with $146 million in the first seven months of 2025.

Savannah said group average gross daily production stood at 16.3 thousand barrels of oil equivalent per day (Kboepd) during the period, compared with 18.8 Kboepd in 2025.

The company expects average gross daily production to exceed 20 Kboepd during the remaining five months of 2026 following the start-up of the Uquo 13 well.

It projects full-year average gross daily production of between 18 Kboepd and 20 Kboepd, with further potential upside from the Uquo South exploration well.

At Stubb Creek, average gross daily production increased by 29 per cent year-on-year to 3.7 thousand barrels of oil per day, compared with 2.8 Kbopd in the same period of 2025.

Savannah said average production at the field exceeded 5 Kbopd in July, following the production expansion programme launched after completion of its SIPEC acquisition in March 2025.

The Issues

Savannah’s financial position showed mixed movements during the period.

As of July 31, its cash balances stood at $62 million, compared with $42.7 million at the end of December 2025. Net debt, however, increased from $658.8 million to $672 million.

Trade receivables declined by 22 per cent to $394.6 million from $508.5 million at the end of 2025.

The company also increased its Stubb Creek reserve-based lending facility to $130 million, extended its tenor to August 2031 and reduced the margin to 7.5 per cent per annum.

In Niger, Savannah said it was continuing discussions with the government over its R1234 Production Sharing Contract and future work programme.

The discussions are focused on resolving disputed contractual and operational issues, with the company saying activities would resume only if a satisfactory agreement is reached.

In Chad, arbitration proceedings involving Savannah’s subsidiaries and the government remain ongoing over the nationalisation of its interests in the Doba fields and investments in the Chad-Cameroon pipeline.

What’s Being Said

“2025 was a year of execution for Savannah with good progress delivered across the nine focus areas we set out at the start of the year.” — Andrew Knott, CEO, Savannah Energy

“In Nigeria, we increased our rate of cash collections year-on-year by 12%, a trend which we hope to continue into 2026, and have made significant progress in refinancing our debt facilities.” — Andrew Knott, CEO, Savannah Energy

“In our Hydrocarbons Division, the completion of the SIPEC acquisition in March enabled us to commence an expansion programme at Stubb Creek, increasing 2025 production materially above 2024 levels.” — Andrew Knott, CEO, Savannah Energy

“At Uquo we delivered the new compression system under budget and advanced site construction ahead of the planned commencement of drilling of the new Uquo NE well.” — Andrew Knott, CEO, Savannah Energy

“Overall, this progress provides a strong platform for continued delivery in 2026.” — Andrew Knott, CEO, Savannah Energy

What’s Next

Savannah expects production from Uquo 13 to support higher group output during the remaining months of 2026.

The company said the Uquo South exploration well, which spudded in early August, was being completed and would undergo further testing to fully evaluate the discovery.

Savannah will also continue discussions with the Nigerien government regarding future operations under the R1234 PSC.

The company expects its arbitration proceedings relating to Chad to be concluded in the second half of 2026, while separate proceedings involving claims against its subsidiary are expected to conclude in the first half of 2027.

Savannah also said it was reviewing opportunities across oil and gas, thermal power and renewable energy, with potential transactions expected over the next 24 months.

Bottom Line

Savannah Energy recorded stronger cash collections, revenue and Stubb Creek production in the first seven months of 2026, while the start-up of Uquo 13 is expected to lift production further. The company is also reducing its trade receivables and strengthening its financing position, although higher net debt and unresolved matters in Niger and Chad remain key issues.

Dangote raises petrol price to N1,200 despite crude decline

EBRD invests $8m in Ventures Platform Pan-African Fund II

By

Kehinde Victor

-

August 26, 2026

Key Points

EBRD is investing $8 million in Ventures Platform Pan-African Fund II.
The fund will back early-stage technology companies across five African markets.
The investment is aimed at strengthening innovation, job creation and access to finance.

Main Story

The European Bank for Reconstruction and Development (EBRD) is investing $8 million (€6.8 million) in Ventures Platform Pan-African Fund II to support early-stage technology companies across Africa.

The investment marks the EBRD’s first commitment to a pan-African venture capital fund focused on opportunities in sub-Saharan Africa.

The fund will invest in technology companies at the early stage of development, with particular focus on Côte d’Ivoire, Egypt, Morocco, Nigeria and Senegal.

According to the EBRD, the fund will target businesses with strong growth potential and support innovation, job creation and private-sector development.

The investment is being made through the EBRD’s Early-Stage Innovation Facility II, a €200 million programme through which the bank invests in commercially oriented venture capital funds.

Through the facility, the EBRD supports technology companies and fund managers seeking to expand access to finance, strengthen innovation ecosystems and accelerate private-sector growth.

The investment also brings the EBRD into Ventures Platform Pan-African Fund II alongside other development finance institutions, international financial institutions and private investors.

The Issues

The EBRD said venture capital remains underdeveloped in Africa relative to the scale of entrepreneurial activity across the continent.

Its investment is therefore aimed at improving access to growth capital for technology companies and strengthening the broader venture capital ecosystem.

The fund’s focus on five markets, including Nigeria, is expected to provide financing for early-stage businesses with potential to scale and create jobs.

The EBRD said its participation also reflects growing institutional and private-sector confidence in the long-term prospects of African technology companies.

What’s Being Said

“We are delighted to welcome the EBRD as an investor in Ventures Platform Pan-African Fund II.” — Kola Aina, Founding Partner, Ventures Platform

“Its commitment reflects a shared conviction that Africa’s next generation of globally relevant technology companies will be built by founders solving meaningful problems and creating new markets.” — Kola Aina, Founding Partner, Ventures Platform

“Beyond the capital, the EBRD’s participation signals growing institutional confidence in Africa’s innovation economy and strengthens our ability to back ambitious founders building enduring companies that create value for Africa and the world.” — Kola Aina, Founding Partner, Ventures Platform

“Innovation is increasingly shaping Africa’s economic future, yet venture capital remains underdeveloped relative to the scale of entrepreneurial activity across the continent.” — Dirk Werner, Managing Director of Equity, EBRD

“By investing in Ventures Platform Pan-African Fund II, we are helping to strengthen the market infrastructure that enables innovative businesses to access growth capital and scale their impact.” — Dirk Werner, Managing Director of Equity, EBRD

What’s Next

Ventures Platform Pan-African Fund II will deploy capital into early-stage technology companies across its target African markets, with investments focused on businesses capable of achieving strong growth.

The EBRD said its participation would complement the contributions of other development finance institutions, international financial institutions and private investors in supporting Africa’s venture capital ecosystem.

Bottom Line

The EBRD’s $8 million investment gives Ventures Platform Pan-African Fund II additional capital to back early-stage African technology companies, while strengthening institutional support for the continent’s developing venture capital ecosystem.

FG raises N7.62tn from domestic bond market in eight months

FG raises N7.62tn from domestic bond market in eight months

By

Boluwatife Oshadiya

-

August 26, 2026

By Boluwatife Oshadiya | August 26, 2026

Key Points

Federal Government raises N7.62 trillion through eight FGN bond auctions between January and August
August auction attracts N1.7 trillion in subscriptions against N1.1 trillion offered competitively
Strong investor demand persists as the government balances funding needs with borrowing costs

Main Story

The Federal Government has raised N7.62 trillion from the domestic bond market through eight Federal Government of Nigeria bond auctions between January and August 2026.

The borrowing is being used to support the government’s financing requirements amid a projected 2026 budget deficit of about N31.5 trillion. The latest figures underline the growing role of domestic fixed-income markets in funding government expenditure.

At the August auction, the Debt Management Office (DMO) allotted N805.2 billion through competitive bids across bonds maturing in January 2035, April 2037 and June 2038. Total allotments rose to about N1.56 trillion after N752.3 billion was sold through non-competitive allotments, according to Cowry Asset Management Limited.

Investor demand remained strong, with subscriptions reaching N1.7 trillion and producing a bid-to-cover ratio of 2.1 times, compared with 1.9 times at the preceding auction. The June 2038 bond attracted the highest demand, receiving N821.3 billion in bids against N631 billion in competitive allotments, alongside N742.3 billion in non-competitive allotments.

The DMO, however, maintained a cautious approach to pricing. The June 2038 bond recorded a marginal yield of 17.79%, while the January 2035 instrument attracted N513.6 billion in subscriptions but received N64.1 billion in competitive allotments at a marginal yield of 17.15%.

The N7.62 trillion raised through FGN bonds excludes funds obtained through Treasury bills, Sukuk and other debt instruments, indicating that the latest figure represents only part of the government’s domestic financing programme.

What’s Being Said

“The auction results suggested the market experienced a relatively low competitive allotment, driven more by the DMO’s yield considerations than by weak demand.” Cowry Asset Management Limited, investment and research firm.

Market reports indicate that investors continue to compare longer-dated bonds with shorter-term Treasury bills, where yields remain attractive. This has contributed to an inverted yield curve in which some short-term instruments offer higher returns than longer-term securities.

What’s Next

The DMO is expected to continue using domestic bond auctions as part of the government’s 2026 financing programme
Investors will monitor future auction yields as inflation moderates and expectations around monetary policy evolve
Treasury bills and other government securities will continue competing with longer-dated bonds for domestic investor funds

Bottom line

The Bottom Line: Strong demand gives the Federal Government continued access to domestic funding, but the gap between investor yield expectations and the DMO’s pricing stance remains important. The N7.62 trillion raised also shows that domestic borrowing is becoming an increasingly significant component of government financing.

Oil prices fall below $90 as USA tightens pressure on Iran

Dangote raises petrol price to N1,200 despite crude decline

By

Boluwatife Oshadiya

-

August 26, 2026

Dangote Refineries Will Create Massive Jobs - Aliko Dangote

By Boluwatife Oshadiya | August 26, 2026, 1:08 PM

Key Points

Dangote Refinery raises its petrol gantry price by N15 to N1,200 per litre effective August 26
Coastal petrol price increases to N1.58 million per metric tonne from N1.56 million
The latest adjustment comes as international crude prices decline and could push petrol pump prices higher

Main Story

Dangote Petroleum Refinery and Petrochemicals FZE has raised its Premium Motor Spirit (petrol) gantry price from N1,185 to N1,200 per litre, effective Wednesday, August 26, 2026.

The refinery’s Group Commercial Operations communicated the revised prices to customers in a Tuesday notice titled “PMS Price Change Communication (N1,185 per Litre To N1,200 Per Litre).” The notice covered both gantry and coastal deliveries.

The coastal price increased from N1,562,265 to N1,582,380 per metric tonne, while the gantry price rose by N15 per litre. The refinery also directed customers to return existing Authorisation to Collect documents for repricing before new volume contracts are issued for loading.

“You are advised to return all ATCs for repricing, and a new volume contract will be issued for immediate loading resumption.” Dangote Petroleum Refinery Group Commercial Operations.

The increase is the refinery’s second petrol price adjustment in less than a week. The previous price moved from N1,165 to N1,185 per litre and took effect on August 21, according to industry price reports.

The latest adjustment comes despite a decline in international crude prices. Oilprice.com data cited in current reports showed West Texas Intermediate at $82.13 per barrel, Brent at $88.37 and Murban at $92.71, all lower on the day.

The higher refinery price could feed into downstream prices as marketers account for transportation, depot and other distribution costs.

What’s Being Said

“The latest increase is particularly significant because it comes as international crude prices have moved in the opposite direction.” Waliat Musa, Reporter, The Guardian.

Dangote Group had not responded to BizWatch Nigeria’s request for clarification on the latest increase by the time of filing.

What’s Next

Marketers are expected to return existing Authorisation to Collect documents for repricing before loading resumes under new volume contracts
The revised N1,200 gantry price is expected to influence depot and retail petrol prices as marketers adjust their costs
Market participants will continue to monitor international crude prices and their relationship with domestic petrol pricing

Bottom line

The Bottom Line: Dangote Refinery’s latest increase shows that domestic petrol prices are not moving in lockstep with short-term crude price movements. The higher gantry price is likely to keep pressure on downstream pricing even as international oil benchmarks retreat.

Oil prices fall below $90 as USA tightens pressure on Iran

Nigeria seeks regional cooperation to strengthen border governance

By

Annette Ikponmwonba

-

August 26, 2026

By Annette Ikponmwonba | August 26, 2026

Keypoints

The National Boundary Commission is calling for stronger regional cooperation to tackle challenges in Africa’s borderlands.
Officials say border governance must balance security, trade, migration and regional integration.
Key threats discussed include terrorism, banditry, arms trafficking, irregular migration, smuggling and maritime insecurity.
The NBC wants governments, researchers, border communities and development partners to work more closely.
The call was made at the ABORNE 2026 International Conference in Lagos.

Main Story

Nigeria has called for stronger cooperation among governments, academia, border communities and development partners to address growing security, economic and social challenges across Africa’s borderlands, The National Boundary Commission made the call at the Association of Borderlands Research Network 2026 International Conference in Lagos, themed “The Connected Borderlands, Socio-Cultural Integration, and the Centrality of Policy, Research, and Security.”

Speaking at the opening ceremony, NBC Director-General Adamu Adaji described borderlands as strategic areas where cooperation, economic opportunities and conflicts can intersect, He said effective border governance requires more than physical infrastructure and security measures, arguing that policies must be supported by research and evidence.

The Issues

African borders are increasingly becoming points where several national and regional concerns overlap, including security, trade, migration, environmental sustainability, identity and citizenship, The conference also examined threats including terrorism, banditry, arms trafficking, irregular migration, smuggling and maritime insecurity.

For Nigeria and its neighbours, these challenges often extend beyond national boundaries, making unilateral responses less effective, The NBC therefore emphasised the need to balance national sovereignty and security with cross-border movement, economic cooperation and broader regional interests.

What’s Being Said

Adaji said sustainable solutions require collaboration between governments, academics, border communities and development partners, He argued that the objective should not simply be to secure borders but to develop governance systems that can accommodate both national interests and regional aspirations, The conference’s plenary session also examined boundary delimitation, maritime governance and cross-border security, with contributions from officials of the National Boundary Commission and the Multi-National Maritime Task Force in the Gulf of Guinea.

What’s Next

The discussions are expected to contribute to policy thinking around border management, particularly in areas involving maritime security, cross-border cooperation and regional integration, Greater collaboration between research institutions and government agencies could also help policymakers develop responses based on evidence rather than security measures alone, The conference is being co-hosted by Lagos State University and the Nigeria Immigration Service, with several government and policy institutions participating.

Bottom Line

Nigeria is pushing for a broader approach to border governance that goes beyond policing and physical boundaries. The emphasis is increasingly on regional cooperation, research, economic integration and community participation as African countries confront security threats that frequently cross national borders.

Tinubu celebrates Babangida at 85, praises his legacy

MTN nears $6.2bn IHS takeover after FCCPC nod

By

Annette Ikponmwonba

-

August 26, 2026

By Annette Ikponmwonba | August 26, 2026

Keypoints

FCCPC has granted conditional approval for MTN Group’s proposed $6.2bn acquisition of IHS Towers.
MTN will be required to sell down up to 30% of the Nigerian component of the IHS business over time.
MTN expects the acquisition to boost revenue, earnings and free cash flow.
IHS shareholders have already approved the transaction.
The deal is expected to close in the second half of 2026, subject to remaining approvals.

Main Story

MTN Group has moved closer to completing its proposed $6.2bn acquisition of IHS Towers after Nigeria’s Federal Competition and Consumer Protection Commission granted conditional approval for the transaction, The approval removes a major regulatory hurdle for the deal, which would give MTN full ownership of IHS Towers, subject to outstanding regulatory and closing conditions.

Under the FCCPC’s conditions, MTN will have to sell down up to 30% of the Nigerian component of the IHS business at market prices over time, MTN said it was comfortable with the conditions and identified completing the IHS transaction as one of its priorities for the second half of 2026.

The Issues

The acquisition would significantly increase MTN’s ownership of telecommunications infrastructure across its key African markets, IHS Towers operates nearly 29,000 towers across Africa and provides infrastructure used by mobile network operators to deploy their network equipment.

For MTN, bringing the remaining IHS business under its ownership represents a shift from its previous tower sale-and-leaseback strategy towards greater control of telecommunications infrastructure, However, the FCCPC condition means MTN will not be able to retain complete ownership of the Nigerian component indefinitely, with a sell-down of as much as 30% required over time.

What’s Being Said

MTN said the acquisition is expected to become accretive to revenue, earnings and free cash flow over time, The company also said the regulatory process is progressing, with the remaining conditions described as principally regulatory and other approvals either underway or imminent, IHS shareholders approved the transaction at an extraordinary general meeting in August, strengthening the prospects of the deal closing later this year.

What’s Next

MTN must secure the remaining regulatory approvals and satisfy other closing conditions before the transaction can be completed, If successful, the acquisition will take MTN’s ownership of IHS Towers to 100% and result in IHS being delisted from the New York Stock Exchange, The transaction is currently expected to close in the second half of 2026.

Bottom Line

The FCCPC’s conditional approval puts MTN significantly closer to completing its $6.2bn IHS Towers takeover. The deal would give MTN greater control over critical telecom infrastructure, although the required Nigerian stake sell-down means its ownership will be subject to an important regulatory limitation.

Tinubu celebrates Babangida at 85, praises his legacy

Governors spend N512bn on travels, offices

By

Annette Ikponmwonba

-

August 26, 2026

By Annette Ikponmwonba | August 26, 2026

Keypoints

33 states spent at least N512.10bn on Government Houses, Governors’ Offices and travel in the first half of 2026.
The amount is about 4,713 times the combined six-month basic salaries of Nigeria’s 36 governors.
Government House and executive administration spending accounted for N420.01bn.
Travel and transport expenditure stood at N92.09bn.
Kogi recorded the highest identifiable Government House and Governor’s Office spending at N65.34bn.
Overall spending was N45.70bn lower than the comparable first-half 2025 figure.

Main Story

State governments spent at least N512.10bn on Government Houses, Governors’ Offices and travel and transport during the first six months of 2026, according to an analysis of available state Budget Implementation Reports, The expenditure highlights the significant difference between the official salaries of governors and the broader cost of maintaining the executive offices they occupy.

A governor’s stated monthly salary of N503,000 amounts to N3.018m over six months. Across all 36 states, the combined six-month basic salary would therefore be about N108.65m, Compared with the N512.10bn identified for executive offices and travel, the combined salaries represent just 0.02 per cent of the expenditure, The analysis covers 33 states with available data. Comparable figures were unavailable for Edo, Osun and Rivers.

The Issues

The figures do not represent the personal income of governors, Government House and Governor’s Office expenditure includes administrative operations, personnel, protocol, maintenance, official residences, utilities, security-related activities and state functions, Travel and transport spending similarly covers official journeys and transportation-related costs across the wider state public service.

The figures nevertheless raise questions about the overall cost of maintaining state executive structures, particularly at a time when state governments are receiving increased allocations from the Federation Account, The issue has also emerged amid debate over whether governors are adequately compensated through their official salaries.

Delta State Governor Sheriff Oborevwori recently cited his N503,000 monthly salary while arguing that some senior civil servants earn more than governors, The latest spending analysis suggests that focusing solely on basic salary provides only a small part of the financial picture surrounding the office.

What’s Being Said

Development economist Aliyu Ilias argued that it is misleading to compare a governor’s salary with that of a senior civil servant without considering the wider expenses and privileges attached to political office, He said executive offices had become expensive to maintain and linked the situation partly to the influence political office holders have over the institutions and budgets under their control.

The analysis also shows significant differences between states, Kogi recorded the highest identifiable Government House and Governor’s Office expenditure at N65.34bn, followed by Ogun at N45.26bn and Lagos at N45.04bn.

For travel and transport, Plateau recorded the highest identifiable spending at N10.11bn, followed by Lagos at N8.23bn and Taraba at N5.16bn, The variations suggest that state governments operate very different spending patterns around their executive offices and official travel.

What’s Next

The spending figures are likely to add to calls for greater transparency and scrutiny of state government expenditure, The Revenue Mobilisation Allocation and Fiscal Commission remains responsible for determining the remuneration of governors and other political office holders. RMAFC has also said its review of political office holders’ remuneration has reached an advanced stage, with proposed legislation expected to go before the National Assembly, At the same time, the increased revenue available to states is likely to keep attention focused on how governments use additional public funds and whether higher allocations translate into better infrastructure and public services.

Bottom Line

The central issue is not simply how much governors receive as salaries. The bigger fiscal question is how much taxpayers spend maintaining the offices, administrative structures, privileges and official activities surrounding state executives, Although the N512.10bn figure is not money paid directly to governors, it demonstrates the enormous public resources committed to running the institutions around them.

UK sets 24-week target to expedite asylum appeal decisions

Day 30 live updates- the housemates get creative when painting each other’s bodies – BBNaija

By

Annette Ikponmwonba

-

August 26, 2026

By Annette Ikponmwonba | August 26, 2026

Keypoints

Housemates embraced the Topsy Turvy theme by painting animal designs on their bodies.
Diary sessions exposed tensions around nominations, friendships and relationships.
Bluethopia confronted Barry over changes in their friendship.
Several housemates became emotional during the Aquafina Padi of Life task.
Team Aquafina Refresh won the task after a series of team challenges and emotional presentations.
Wager preparations continued late into the night.

Main Story

Day 30 in the Big Brother Naija house combined creativity, emotional revelations and growing tensions as the housemates prepared for their weekly wager, The day began with housemates turning themselves into animals through body painting, bringing the week’s Topsy Turvy theme to life. Keivo helped paint several housemates, while others entertained themselves with animal sounds and playful role play.

Behind the fun, however, the pressure of the game remained evident. Diary sessions gave the housemates an opportunity to reflect on Cassi’s eviction, the face-to-face nominations and changing relationships inside the house, The biggest emotional moment came during the Aquafina Padi of Life task, where housemates wrote letters to people who are important to them and selected fellow housemates who reminded them of those loved ones.

The Issues

Relationships and trust remained major themes throughout the day, Bluethopia told Biggie that she had noticed a distance developing between herself and Barry. She later confronted him about it, making it clear that she did not want to feel as though she was begging for his friendship, Tram also questioned the genuineness of his relationship with Sheba.

He said some of her actions did not always match her words and admitted that her decision during nominations had made him more open to forming new alliances, Sultex was similarly affected by the nominations. He said he was disappointed that only one person saved him and described the experience as confirmation of what he considered to be fake behaviour in the house, Goddessa, meanwhile, continued to navigate the complications surrounding her relationship with Araga following Ebuka’s comments during the Live Show.

What’s Being Said

The Padi of Life task revealed how closely some of the housemates have connected, Bluethopia chose Barry as someone who reminds her of her best friend, highlighting his support and the way he has been there for her during difficult moments, Barry returned the sentiment, choosing Bluethopia as the housemate who reminds him of his best friend Deborah. He praised her humour, energy and loyalty.

Tram chose Abi because she reminded him of his partner, Olivia, particularly because of her nurturing personality. Abi also connected Tram to someone important in her life, choosing him because he reminded her of her husband, Oyin and Flora similarly highlighted their close friendship, while Chimsom Chuka became emotional while talking about his friend Uche, Not everyone found a connection. Nomy chose not to identify anyone in the house as her Padi of Life, a decision that later became a talking point among several housemates.

What’s Next

With the weekly wager approaching, the housemates must turn their attention from emotional conversations to performance, Chimsom Chuka, Gerard, Sheba and Yusuf continued developing their Animal Kingdom wager story late into the night. The Head of House also remained focused on keeping the house organised ahead of the presentation, The nomination pressure will continue to shape alliances, particularly as housemates reassess who they can trust after the latest face-to-face nominations.

Bottom Line

Day 30 showed two sides of the BBNaija house: the playful creativity of the Topsy-Turvy theme and the emotional reality of a game where friendships are constantly being tested, The Aquafina Padi of Life task brought several housemates closer, but the nomination fallout suggests that some relationships remain fragile. With the wager approaching and eviction still looming, the bonds formed today could soon be tested again.

Tinubu celebrates Babangida at 85, praises his legacy

Day 27- MIPOW: meet the most influential players of BBNaija season 11

By

Annette Ikponmwonba

-

August 26, 2026

By Annette Ikponmwonba | August 26, 2026

Keypoints

Abi is the Week 4 Most Influential Player of the Week (MIPOW).
She becomes the first female Housemate this season to win both Head of House and MIPOW in the same week.
Chimsom Chuka and Sultex remain the other MIPOW winners.
The MIPOW Prize Pot currently stands at ₦5 million.
Keivo and Sheba are among the strongest contenders based on their recent scores.

Main Story

Abi has emerged as the Week 4 Most Influential Player of the Week in Big Brother Naija Season 11, adding another major achievement to her campaign in the Show Ya Sef House, Her victory follows a strong week in which she first took on the role of Head of House before being voted MIPOW by her fellow Housemates. With a Week 4 score of 248, Abi recorded the highest score of the week.

She also made history by becoming the first female Housemate this season to hold both the Head of House and MIPOW titles in the same week, Abi joins Chimsom Chuka, the Week 2 winner, and Sultex, who claimed the Week 3 title, as the three MIPOW winners so far.

The Issues

The MIPOW competition is becoming an important part of the BBNaija Season 11 prize structure. Each week, Housemates score one another based on energy, effort and entertainment, with the highest-rated Housemate receiving the MIPOW title, The prize pot is funded through deductions from the show’s ₦100 million main cash prize. The money accumulated in the MIPOW pot will eventually be divided equally among all weekly MIPOW winners, With the pot currently at ₦5 million, the financial incentive is becoming increasingly significant.

What’s Being Said

Abi’s Week 4 performance has strengthened her position as one of the House’s influential players. Her 248 points put her ahead of several established contenders, However, the leaderboard shows that influence has shifted from week to week. Sultex recorded the highest score so far, with 302 points in Week 3, while Chimsom Chuka posted 274 points in Week 2, Keivo and Sheba could also enter the conversation. Keivo scored 199 in Week 4, while Sheba recorded 203, suggesting both remain capable of making a strong challenge in subsequent weeks.

What’s Next

The MIPOW race continues with a new winner expected every Sunday. Every Housemate has another opportunity to influence their peers through their performance, participation and entertainment value, The bigger question is whether Abi can maintain her momentum or whether another Housemate will take the crown in Week 5, Meanwhile, the current eviction cycle adds another layer of pressure, with Housemates competing for survival while also trying to establish themselves as influential figures in the House.

Bottom Line

Abi has made a statement in Week 4, but the MIPOW race is wide open. With three different winners in the first three awarded weeks and a growing ₦5 million prize pot, consistency could become just as important as a single standout performance.

Tinubu celebrates Babangida at 85, praises his legacy