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JUST IN: Tinubu Nominates Former CDS Christopher Musa As Defence Minister

President Bola Ahmed Tinubu has nominated former Chief of Defence Staff, General Christopher Musa (rtd.), as Nigeria’s new Minister of Defence.

The nomination was communicated in a letter to Senate President Godswill Akpabio on Tuesday, following the resignation of the former minister, Alhaji Mohammed Badaru, on Monday due to health-related reasons.

In the letter, President Tinubu expressed strong confidence in General Musa’s experience and capacity to strengthen the nation’s defence architecture.

The development was further confirmed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

According to the statement, General Musa, who turns 58 on 25 December, had an illustrious career in the Nigerian Armed Forces and served as Chief of Defence Staff from 2023 until October 2025. He is also a recipient of the prestigious Colin Powell Award for Soldiering, which he received in 2012.

Born in Sokoto in 1967, Musa had his primary and secondary education in the state before proceeding to the College of Advanced Studies, Zaria. He graduated in 1986 and immediately enrolled at the Nigerian Defence Academy, where he earned a Bachelor of Science degree in 1991.

Upon commissioning as a Second Lieutenant in 1991, Musa served in various command, operational and staff roles across the Nigerian Army. His appointments include:

General Staff Officer 1, Training/Operations, Headquarters 81 Division

Commanding Officer, 73 Battalion

Assistant Director, Operational Requirements, Department of Army Policy and Plans

Infantry Representative/Member, Training Team, Headquarters Nigerian Army Armour Corps

In 2019, he held key operational roles including Deputy Chief of Staff (Training/Operations), Headquarters Infantry Centre and Corps; Commander, Sector 3 of Operation Lafiya Dole; and Commander, Sector 3 of the Multinational Joint Task Force in the Lake Chad region.

By 2021, Musa had risen to become Theatre Commander, Operation Hadin Kai, before later being appointed Commander, Nigerian Army Infantry Corps.

He was subsequently appointed Chief of Defence Staff by President Tinubu in 2023.

Verve, Providus Bank Unveil Providusverve Travel Card To Power Seamless Payments For Inbound Travellers This December

 Verve, Africa’s leading payment cards and digital tokens brand, has announced a strategic partnership with Providus Bank, one of Nigeria’s most innovative financial institutions, to launch the ProvidusVerve Travel Card — a naira-based travel card designed to give inbound travellers a smooth, secure, and convenient payment experience throughout their stay in Nigeria.

Created to support the surge of tourists, expatriates, business visitors, conference delegates, and returning diaspora expected during the festive “Detty December” season, the ProvidusVerve Travel Card enables seamless payments for transportation, hotels, dining, shopping, entertainment, and everyday essentials nationwide. The card also works on select global merchant platforms that accept Verve, including Netflix, Google Play, and other digital services, ensuring travellers enjoy uninterrupted access to familiar services.

The ProvidusVerve Travel Card eliminates the hassle of sourcing naira or converting foreign currency on arrival. It enables instant, secure transactions, reduces reliance on cash, and supports compliance with the Central Bank of Nigeria’s cashless policy. It also mitigates the risks associated with carrying physical cash such as loss, theft, or fraud, offering a safe, regulation-aligned option for both online and in-person payments.

Paul Ohakim, Vice President, Issuing and Acquiring Management, Africa, Verve International, expressed confidence in the product’s impact: “The ProvidusVerve Travel Card is a timely solution for inbound travellers seeking reliability, security, and simplicity while navigating Nigeria. Together with Providus Bank, we have created a product that eliminates the friction traditionally associated with accessing local payments. Whether for tourism, business, or festive activities, this card ensures a smooth financial experience from the moment visitors land.”

Ademola Adeniran, Divisional Head, Product Management and Solution Delivery, Interswitch, added: “This partnership reflects Verve’s commitment to designing products that respond to real user needs. The ProvidusVerve Travel Card supports everyday experiences — from booking rides and hotels to shopping, streaming, and dining. It provides inbound travellers with a secure, compliant, digital-first way to experience Nigeria without financial barriers.”

As Nigeria prepares for its busiest holiday travel season, the ProvidusVerve Travel Card marks a significant step in enhancing the visitor experience and supporting the growth of the country’s tourism and creative economy. Powered by Verve’s secure, widely accepted payment technology, the card ensures inbound travellers enjoy seamless digital payments throughout their stay.

NUPRC Launches 2025 Licensing Round Portal, Projects $10bn Investment Boost

NUPRC Establishes Energy Transition Unit

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has formally activated the online portal for the Nigeria 2025 Licensing Round, marking a major milestone in the government’s push to expand upstream investment and enhance transparency in oil and gas exploration.

Commission Chief Executive, Gbenga Komolafe, announced the launch of the portal — br2025.nuprc.gov.ng — during a media briefing at the agency’s Abuja headquarters on Monday.

Komolafe explained that the portal’s rollout underscores the Commission’s renewed commitment to openness, efficiency, and investment growth. He noted that previous licensing exercises — particularly the 2022 Mini-Bid Round and the landmark 2024 Licensing Round — were executed with unprecedented transparency and drew strong investor interest without attracting a single litigation.

50 Oil and Gas Blocks Placed on Offer

With the approval of President Bola Tinubu, the NUPRC has opened bidding for 50 oil and gas blocks, cutting across onshore, swamp, shallow-water, frontier basins, and deepwater environments.

According to Komolafe, the breakdown includes:

  • 15 onshore blocks
  • 19 shallow-water blocks
  • 15 frontier basin assets
  • 1 deepwater block

He added that the objectives of the 2025 Licensing Round include increasing reserves, expanding production capacity, boosting gas utilisation, supporting indigenous players, and promoting job creation across the value chain. The initiative also reinforces Nigeria’s alignment with global transparency standards under the Extractive Industries Transparency Initiative (EITI).

To encourage broader participation, the Commission—following presidential approval—has reduced signature bonuses, making the exercise more accessible to investors.

Improved Geological Data and Digital Bidding

Komolafe noted that the NUPRC has conducted extensive multi-client surveys and reprocessed thousands of kilometres of 2D and 3D seismic data, providing what he described as the highest-quality subsurface imagery currently available in Africa.

This enhancement reduces exploration risk, lowers entry costs, accelerates time to first production, and boosts investor confidence.

He revealed that the 2025 Licensing Round is expected to attract around $10 billion in capital inflows, add up to two billion barrels to national reserves over the next decade, and potentially generate 400,000 barrels per day from fully developed assets.

To uphold transparency, the Commission has introduced a fully digital, two-stage bidding structure — a qualification stage followed by a bid submission stage. The system is designed to ensure fairness, clarity, and efficiency throughout the process.

Komolafe stressed that the age or date of incorporation of participating companies will not limit their eligibility. Instead, the selection criteria will prioritise technical competence, professionalism, and financial capacity.

Shortlisted applicants will be required to execute a confidentiality agreement before advancing to the bid phase, where technical and commercial proposals will be submitted for evaluation.

CBN Unveils Strategic Direction For 2026, Prioritises Stability And Financial Innovation

The Central Bank of Nigeria (CBN) has laid out its core strategic focus for the year 2026, outlining a comprehensive agenda centred on strengthening the financial system, advancing price stability, modernising payment channels, and expanding financial inclusion. Governor Olayemi Cardoso revealed the priorities during the 60th Annual Bankers’ Dinner hosted by the Chartered Institute of Bankers of Nigeria.

According to the CBN, the institution intends to reinforce banking-sector resilience, enhance regulatory frameworks, foster responsible fintech growth, and deepen institutional capacity in the coming year. The Bank also aims to broaden stakeholder collaboration and consolidate Nigeria’s standing as a credible and globally respected monetary authority.

Commitment to Transparency and Evidence-Based Operations

Cardoso highlighted the Bank’s efforts over the past year, noting that policies have remained aligned with its pledge to restore macroeconomic stability and rebuild public trust.

He emphasized that the CBN has maintained consistency and clarity in its policy direction, stating that transparency has been the foundation of recent decisions. He added that the resilience of Nigerians continues to drive the Bank’s commitment to improving internal governance, strengthening data analysis, and ensuring that each policy action is grounded in credible evidence.

The Governor disclosed that more than 12 million contactless cards are now active nationwide, demonstrating rapid adoption of digitised payment channels. The CBN’s regulatory sandbox has also grown to accommodate over 40 fintech innovators, facilitating controlled experimentation and ethical scaling of digital-finance solutions.

Revised agent-banking guidelines have tightened anti-money-laundering measures, including geo-fencing high-risk zones, while boosting consumer protection across underserved areas.

Maintaining Economic Stability

Cardoso reiterated that although security issues fall outside the Central Bank’s mandate, the Bank remains sensitive to the economic consequences of insecurity and is optimistic that government interventions will yield progress.

He stressed that Nigeria’s ongoing economic diversification has helped shield the country from external shocks, particularly volatility in the global oil market.

The Bank reaffirmed its determination to gradually reduce inflation, insisting that current double-digit levels are unacceptable. Cardoso said the ongoing transition toward a clear inflation-targeting regime is being strengthened by improved data systems, transparent communication, and the complete discontinuation of monetary financing of fiscal deficits.

He affirmed with emphasis that the CBN will not return to financing fiscal deficits under any circumstances.

FGN Savings Bond: DMO Opens December Subscription Window For New Issuance

FGN Bond For Jan. 2021 Oversubscribed

The Debt Management Office (DMO) has formally commenced the subscription period for the December 2025 issuance of the Federal Government of Nigeria Savings Bond (FGNSB), featuring two-year and three-year maturity options.

According to details contained in a circular released on Monday, the two-year instrument—scheduled to mature on December 10, 2027—comes with an annual coupon rate of 12.838%, while the three-year bond that matures on December 10, 2028, is being floated at 13.838% per annum.

The subscription window opened on December 1, 2025, and will close on December 5, 2025. The settlement date remains December 10, 2025, with interest payments scheduled to be remitted quarterly on March 10, June 10, September 10, and December 10 throughout the lifespan of the bonds.

Rates Decline Slightly Compared to November Offer

The December coupon rates mark a mild drop from the November offer, where the two-year bond cleared at 13.565%, while the three-year version maturing on November 12, 2028, attracted 14.565%.

At its 303rd Monetary Policy Committee (MPC) meeting in November, the Central Bank of Nigeria (CBN) opted to retain all policy parameters, reaffirming its stance on stabilising prices and sustaining improvements in the foreign exchange market. The Monetary Policy Rate (MPR) was maintained at 27%.

Key Investment Features

The FGN Savings Bond continues to target retail investors, with a minimum entry subscription of ₦5,000 and incremental purchases in units of ₦1,000. The maximum subscription allowed per individual investor is ₦50 million.

Backed by the full faith and credit of the Federal Government, the FGNSB remains one of the safest fixed-income opportunities for small investors seeking predictable returns and principal protection. The instruments offer quarterly coupon payments and full redemption at maturity, shielding retail investors from market volatility common in equities and corporate bonds.

The bonds remain attractive due to their additional benefits, which include:

  • Recognition as trustee investment instruments under the Trustee Investment Act.
  • Tax exemptions for eligible participants under PITA and CITA frameworks, including Pension Funds.
  • Listing on the Nigerian Exchange Limited to enable tradability and enhance liquidity.
  • Qualification as liquid assets for banks in computing liquidity ratios.

Context Behind the Programme

Introduced in 2017, the FGN Savings Bond initiative was designed to broaden financial inclusion, deepen the domestic debt market, and open access to government securities for low-income and first-time investors.

The bond’s comparatively high coupon rates reflect current inflationary conditions and the government’s aim to encourage increased participation from the retail segment.

The DMO’s consistent rollout of the savings bond also signals the Federal Government’s continuing reliance on domestic borrowing channels to fund budgetary requirements while moderating exposure to external debt risks.

KLT Customs Revenue Rises To N13.7bn In 10 Months

The Kirikiri Lighter Terminal (KLT) Command of the Nigeria Customs Service has announced a revenue haul of N13.7 billion between January and October 2025, marking a 47 per cent rise from the N9.4 billion generated during the same period in 2024.

The outgoing Controller of the Command, now promoted to Assistant Comptroller General (ACG), Eghosa Edelduok, disclosed the figures on Monday during a send-off ceremony held in her honour in Lagos.

Edelduok described the revenue growth as the outcome of targeted reforms and strengthened operational efficiency across the command.

“This growth did not happen by chance,” she said. “It is the result of deliberate reforms, increased stakeholder engagement, and improved trade facilitation within the terminal.”

Reflecting on her tenure, ACG Edelduok said the Command faced serious operational challenges when she assumed office.

“Several terminals under KLT were moribund when I took over,” she noted.

Through continuous dialogue with terminal operators, port users and Customs personnel, the Command successfully revived key facilities. She noted that the ESS Libra Terminal now handles 50 to 60 containers monthly, while other terminals recorded similar improvements driven by better access routes, reduced delays and streamlined procedures.

Edelduok highlighted significant improvements in cargo processing timelines, stating that compliant consignments were now cleared within 48 hours.

She added that rising compliance among traders and clearing agents had become “the backbone of the revenue leap,” with more stakeholders choosing KLT due to its enhanced efficiency and friendlier operational atmosphere.

“Stakeholder cooperation helped us change perceptions, attracting more importers who previously avoided the terminal due to fears of delays and bottlenecks,” she said.

The outgoing Controller commended officers of the Command, sister agencies and terminal operators for the teamwork that defined her 18-month stewardship. She also thanked the Comptroller-General of Customs, Bashir Adeniyi, for providing institutional support that helped strengthen operations at KLT.

Edelduok described as “a defining legacy” her successful delivery of a major Corporate Social Responsibility (CSR) project — a newly constructed block of classrooms and a fully equipped library for inmates of the Kirikiri Medium Correctional Centre.

Looking ahead, the newly appointed ACG assured stakeholders that KLT would remain committed to facilitating legitimate trade while intensifying efforts to combat illicit activities.

She emphasised that the Command would not tolerate the movement of contraband goods, including fake pharmaceuticals and cannabis.

“My new office comes with greater responsibility, but I leave KLT prepared, fulfilled, and hopeful for even greater growth at the Command,” she added.

Several stakeholders at the ceremony paid glowing tributes to Edelduok’s leadership. Deputy Comptroller Funmilayo Adedokun, who heads the Vehicle Seat Unit, described her as a “transformational leader”.

The KLT revenue performance aligns with a wider upward trend in Customs collections across Nigeria’s ports. In October 2025, the Apapa Area Command recorded N304 billion — the highest monthly revenue ever generated by any Customs command in the country.

According to the Area Controller, Comptroller Emmanuel Oshoba, the October figure surpassed the N264 billion collected in October 2024. He also disclosed that Apapa Command generated N2.4 trillion between January and October 2025, exceeding its total revenue for the whole of the previous year.

Week 23 Pool Result For Sat 6, Dec 2025, UK 2025/2026

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Week 23 Pool Results: Football pools results for this week 23 2025 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 23 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 23; SEASON: UK 2025/2026; DATE: 06-December-2025
Football Pools ResultsHTFTStatus
1Aston VillaArsenal-:--:-EKO
2BournemouthChelsea-:--:-Saturday
3BrightonWest Ham-:--:-Sunday
4EvertonNott’m For.-:--:-Saturday
5FulhamCrystal P.-:--:-Sunday
6Leeds Utd.Liverpool-:--:-LKO
7Man CitySunderland-:--:-Saturday
8NewcastleBurnley-:--:-Saturday
9TottenhamBrentford-:--:-Saturday
10BlackburnSheff Wed.-:--:-Saturday
11Bristol C.Millwall-:--:-Saturday
12CharltonPortsmouth-:--:-EKO
13DerbyLeicester-:--:-EKO
14IpswichCoventry-:--:-Saturday
15PrestonWrexham-:--:-Saturday
16Q.P.R.West Brom-:--:-Saturday
17Sheff Utd.Stoke-:--:-Saturday
18SouthamptonBirmingham-:--:-Saturday
19SwanseaOxford Utd.-:--:-Saturday
20WatfordNorwich-:--:-EKO
21CardiffHuddersfieldVoidPPPanel
22PlymouthBradford C.-:--:-EKO
23ColchesterGillingham-:--:-EKO
24AccringtonMansfield-:--:-Saturday
25Boreham W.Newport Co.-:--:-Sunday
26ChesterfieldDoncaster-:--:-LKO
27ExeterWycombe-:--:-Saturday
28FleetwoodLuton-:--:-Saturday
29GatesheadWalsall-:--:-Sunday
30Milton K.D.Oldham-:--:-Saturday
31PeterboroBarnsley-:--:-Saturday
32Port ValeBristol R.-:--:-Saturday
33SloughMacclesfield-:--:-Sunday
34StockportCambridge U.-:--:-Saturday
35Sutton Utd.Shrewsbury-:--:-LKO
36SwindonBolton-:--:-Saturday
37Wigan A.Barrow-:--:-Saturday
38CelticHearts-:--:-Sunday
39DundeeAberdeen-:--:-Saturday
40HibernianFalkirk-:--:-Saturday
41KilmarnockRangers-:--:-LKO
42MotherwellLivingston-:--:-Saturday
43St MirrenDundee Utd.-:--:-Saturday
44Ayr UnitedPartick-:--:-Saturday
45DunfermlineArbroath-:--:-Saturday
46Ross CountyAirdrie-:--:-Saturday
47St J’StoneRaith-:--:-Saturday
48AlloaPeterhead-:--:-Saturday
49East FifeInvernessVoidPPPanel

Week 22 Pool Result For Sat 29, Nov 2025, UK 2025/2026

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Week 22 Pool Results: Football pools results for this week 22 2025 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 22 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 22; SEASON: UK 2025/2026; DATE: 29-November-2025
Football Pools ResultsHTFTStatus
1Aston VillaWolves0-:-01-:-0Home
2BrentfordBurnley0-:-03-:-1Home
3ChelseaArsenal0-:-01-:-1ScoreDraw
4Crystal P.Man United1-:-01-:-2Away
5EvertonNewcastle0-:-31-:-4Away
6Man CityLeeds Utd.2-:-03-:-2Home
7Nott’m For.Brighton0-:-10-:-2Away
8SunderlandBournemouth1-:-23-:-2Home
9TottenhamFulham0-:-21-:-2Away
10West HamLiverpool0-:-00-:-2Away
11CoventryCharlton2-:-13-:-1Home
12LeicesterSheff Utd.0-:-32-:-3Away
13MiddlesbroDerby0-:-12-:-1Home
14MillwallSouthampton0-:-03-:-2Home
15NorwichQ.P.R.3-:-13-:-1Home
16PortsmouthBristol C.0-:-10-:-1Away
17Sheff Wed.Preston2-:-12-:-3Away
18StokeHull1-:-01-:-2Away
19West BromSwansea0-:-23-:-2Home
20WrexhamBlackburn0-:-11-:-1ScoreDraw
21BlackpoolReading0-:-10-:-3Away
22Bradford C.Exeter1-:-01-:-0Home
23Burton A.Leyton O.0-:-20-:-4Away
24CardiffMansfield1-:-03-:-0Home
25DoncasterPeterboro2-:-02-:-1Home
26HuddersfieldA.Wimbledon0-:-13-:-3ScoreDraw
27LincolnPort Vale1-:-01-:-0Home
28LutonBolton0-:-11-:-1ScoreDraw
29PlymouthNorthampton0-:-00-:-3Away
30RotherhamWycombe0-:-11-:-1ScoreDraw
31StockportBarnsley0-:-11-:-1ScoreDraw
32Wigan A.Stevenage0-:-00-:-0noScoreDraw
33AccringtonOldham1-:-01-:-0Home
34BarnetHarrogate1-:-01-:-1ScoreDraw
35Bristol R.Notts Co.0-:-00-:-1Away
36Cambridge U.Crewe0-:-02-:-1Home
37ChesterfieldSwindon1-:-11-:-2Away
38ColchesterCheltenham1-:-02-:-0Home
39Milton K.D.Fleetwood1-:-02-:-1Home
40Newport Co.Barrow1-:-12-:-2ScoreDraw
41Salford C.Crawley1-:-14-:-3Home
42ShrewsburyGillingham3-:-13-:-3ScoreDraw
43WalsallBromley0-:-13-:-1Home
44DundeeSt Mirren2-:-13-:-1Home
45HibernianCeltic0-:-21-:-2Away
46KilmarnockDundee Utd.1-:-01-:-1ScoreDraw
47LivingstonAberdeen0-:-00-:-1Away
48MotherwellHearts0-:-00-:-0noScoreDraw
49RangersFalkirk0-:-00-:-0noScoreDraw

Week 21 Pool Result For Sat 22, Nov 2025, UK 2025/2026

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Week 21 pool results 2025: Football pools results, live football pool result today, pool result today saturday matches, pool results for this week, british and aussie pool result, football pools results and fixtures, pools panel results today, pool panel results and live score pool result today. We publish half-time results first of its kind.

Week 21 Pool Results: Football pools results for this week 21 2025 are published on this website immediately after full-time confirmation of live score results. We also publish the outcome of postponed matches by the football pools panel at half-time as decided by the football pools. This week’s Week 21 Pool Results are made available in partnership with Bizwatch Nigeria.

WEEK: 21; SEASON: UK 2025/2026; DATE: 22-November-2025
Football Pools ResultsHTFTStatus
1ArsenalTottenham2-:-04-:-1Home
2BournemouthWest Ham0-:-22-:-2ScoreDraw
3BrightonBrentford0-:-12-:-1Home
4BurnleyChelsea0-:-10-:-2Away
5FulhamSunderland0-:-01-:-0Home
6Leeds Utd.Aston Villa1-:-01-:-2Away
7LiverpoolNott’m For.0-:-10-:-3Away
8NewcastleMan City0-:-02-:-1Home
9WolvesCrystal P.0-:-00-:-2Away
10BirminghamNorwich3-:-14-:-1Home
11Bristol C.Swansea2-:-03-:-0Home
12CharltonSouthampton1-:-51-:-5Away
13CoventryWest Brom1-:-23-:-2Home
14DerbyWatford1-:-02-:-3Away
15IpswichWrexham0-:-00-:-0noScoreDraw
16LeicesterStoke2-:-02-:-1Home
17Oxford Utd.Middlesbro1-:-01-:-1ScoreDraw
18PortsmouthMillwall1-:-03-:-1Home
19Q.P.R.Hull1-:-13-:-2Home
20Sheff Wed.Sheff Utd.0-:-10-:-3Away
21A.WimbledonWigan A.0-:-01-:-2Away
22BarnsleyLuton3-:-05-:-0Home
23BoltonBradford C.0-:-00-:-0noScoreDraw
24ExeterBurton A.VoidPPAway
25Leyton O.Blackpool1-:-01-:-1ScoreDraw
26MansfieldHuddersfield0-:-31-:-3Away
27NorthamptonCardiff0-:-11-:-3Away
28Port ValePlymouth0-:-00-:-1Away
29ReadingRotherham0-:-11-:-1ScoreDraw
30StevenageDoncaster0-:-00-:-0noScoreDraw
31WycombeLincoln2-:-03-:-2Home
32BarrowCambridge U.0-:-00-:-2Away
33BromleySalford C.2-:-02-:-0Home
34CheltenhamBristol R.0-:-01-:-0Home
35CrawleyAccrington0-:-11-:-1ScoreDraw
36CreweChesterfield1-:-23-:-3ScoreDraw
37FleetwoodShrewsbury1-:-03-:-1Home
38GillinghamBarnet1-:-11-:-1ScoreDraw
39HarrogateWalsall0-:-10-:-2Away
40Notts Co.Colchester1-:-11-:-3Away
41OldhamNewport Co.0-:-03-:-0Home
42SwindonGrimsby2-:-22-:-2ScoreDraw
43TranmereMilton K.D.2-:-02-:-2ScoreDraw
44AberdeenHearts1-:-01-:-0Home
45Dundee Utd.Falkirk0-:-20-:-3Away
46HibernianDundee1-:-02-:-0Home
47KilmarnockMotherwell0-:-21-:-3Away
48RangersLivingston1-:-12-:-1Home
49St MirrenCeltic0-:-00-:-1Away

Week 26 Pool Fixtures For Sat 27, Dec 2025, UK 2025/2026

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Pool Fixtures For This Week: 26; SEASON: UK 2025/2026
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Week 25 Pool Fixtures For Sat 20, Dec 2025, UK 2025/2026

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Pool Fixtures For This Week: 25; SEASON: UK 2025/2026
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Week 24 Pool Fixtures For Sat 13, Dec 2025, UK 2025/2026

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Pool Fixtures For This Week: 24; SEASON: UK 2025/2026
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Investors Shed ₦197bn As Sell-Off Hits NGX At Start Of December

Buyback Fever Pushes Dangote Cement Share Price Up By 10 percent

The Nigerian equity market opened the month of December on a bearish tone, with investors wiping off more than ₦197 billion in market value as sell-offs dominated the trading floor of the Nigerian Exchange (NGX).

Monday’s session saw major market indicators trend downward by 0.22%, reflecting cautious sentiment across key sectors. Profit-taking activities in heavyweights such as ARADEL, DANGSUGAR, and WAPCO contributed to the decline.

The NGX All-Share Index dipped by 310.20 points, closing at 143,210.33, while total market capitalisation fell to ₦91.08 trillion, representing a loss of ₦197.31 billion.

Trading activity weakened as overall transaction volume and value dropped by 19.74% and 6.82%, respectively. Stockbrokers reported that investors exchanged approximately 1.466 billion shares worth ₦18.66 billion in 28,956 deals.

WEMABANK dominated both the volume and value charts, contributing 20.37% of total volume and 14.75% of total trade value. Other top-traded stocks included ACCESSCORP, FIDELITYBK, ZENITHBANK, and CUSTODIAN.

Market breadth tilted negative as 26 stocks declined compared to 19 gainers. INTBREW led the losers’ chart with a 10% decline, while RTBRISCOE, CORNERST, DAARCOMM, REGALINS, and UPDC also recorded significant drops.

On the flip side, NCR topped the gainers’ chart with a 9.97% increase, followed by SUNUASSUR, CHAMPION, MECURE, GUINEAINS, and LINKASSURE.

Sectoral performance reflected the overall market downturn, with three of the five major sectors closing in the red. Consumer Goods fell by 1.01%, Oil & Gas dipped 0.11%, and Industrial Goods shed 0.07%. The Banking and Insurance sectors posted marginal gains of 0.11% and 0.10% respectively.

Naira Weakens To N1,448 Despite Fresh FX Liquidity Boost

Federation Account Amasses Over ₦5trn In 6months- RMAFC

The naira depreciated at the official foreign exchange window on Monday, retreating amid tightening FX supply and increased demand for external payments. This came despite renewed dollar injections totalling US$186.60 million sold to commercial banks last week.

According to daily FX figures released by the Central Bank of Nigeria (CBN), the currency slipped to N1,448.4355/$1, losing approximately N2 from the previous rate of N1,446.7421/$1.

Trading reports indicated that the official window saw heightened pressure as the intraday spot rate rose to N1,452/$1. The lowest intraday trade was recorded at N1,445/$1, unchanged from the previous week, hinting that sustained CBN interventions helped moderate volatility.

This development occurred as the Nigerian FX market posted a significant rise in U.S. dollar inflows, climbing 64% week-on-week to hit US$841.10 million, according to an update from Coronation Merchant Bank’s research division.

CBN accounted for 33.42% of the inflows, contributing US$281.10 million, followed by non-bank corporates (23.07%), foreign portfolio investors (19.38%), individuals (5.45%), and other minor sources (2.01%).

Despite the injections, the naira continues to face structural constraints driven by rising demand for school fees, medical payments, and import-related obligations.

Nigeria’s GDP Expands By 3.98% In Q3 2025 As Oil And Non-Oil Sectors Strengthen

"FG Is Committed To Improving The Economy" - National Planning Minister

Nigeria’s economic output continued its growth trajectory in the third quarter of 2025, with the National Bureau of Statistics (NBS) reporting a 3.98% year-on-year increase in GDP. The expansion was driven by stronger activities in both the oil and non-oil sectors, which climbed 5.84% and 3.91% respectively.

The Q3 figure slightly outperformed the 3.86% recorded in the same quarter of 2024, though it remained below the 4.23% growth posted in Q2 2025. Agriculture recorded one of its strongest third-quarter performances in recent years, growing 3.79%, a notable increase from the 2.55% reported in Q3 2024.

The industrial sector also rebounded, posting a 3.77% growth rate compared to 2.78% the previous year. However, the services sector, while still the largest contributor to GDP, slowed to 4.15% from the 4.97% recorded in the corresponding quarter of 2024.

Despite the moderation, services remained the backbone of the economy, accounting for 53.02% of total GDP, a slight increase from 52.93% in Q3 2024. Nominal GDP for the quarter stood at N113.59 trillion, up from N96.16 trillion the previous year, representing an 18.22% growth in nominal terms.

The oil sector delivered a 5.84% year-on-year expansion, marginally higher than 5.66% in Q3 2024 but significantly lower than the 20.46% reported in Q2 2025. The sector’s total contribution to real GDP stood at 3.44%, compared to 3.38% in Q3 2024.

Average crude oil production rose to 1.64 million barrels per day (mbpd), 0.17 mbpd higher than production in Q3 2024. However, the figure was slightly lower than Q2 2025’s 1.68 mbpd.

The bureau noted that September 2025 experienced a temporary dip in crude output to 1.58 mbpd due to a three-day strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Additionally, maintenance activities at major installations contributed to the decline.

The non-oil sector maintained dominance, contributing 96.56% to real GDP, supported by strong performance in crop production, ICT (especially telecommunications), real estate, financial institutions, trade, construction, and manufacturing.

NBS further explained that the GDP calculation has been rebased with 2019 as the new base year to reflect a more stable economic environment, aligning both quarterly and annual GDP records to global statistical standards.

U.S. Dollar Inflows Surge 64% As CBN Intensifies Support in FX Market

The Nigerian foreign exchange landscape saw a sharp rise in U.S. dollar inflows last week as the Central Bank of Nigeria (CBN) increased its intervention efforts at the official FX window, helping to counteract mounting pressures on the naira.

A research update from Coronation Merchant Bank’s analytics division revealed that total FX inflows through the Nigerian Foreign Exchange Market (NFEM) climbed substantially to US$841.10 million, marking a 64.21% week-on-week increase compared to the US$512.20 million reported the previous week.

The breakdown showed the CBN remained the dominant contributor, responsible for 33.42% of total inflows, amounting to US$281.10 million. Non-bank corporates accounted for 23.07%, while foreign portfolio investors followed with 19.38%. Retail individuals made up 5.45%, and other minor channels contributed 2.01%.

Alongside these inflows, Nigeria’s external reserves inched up to US$44.6 billion, supported by the improved liquidity conditions. Analysts projected that the exchange rate would trade within its current range, staying below the N1,500/$1 threshold as long as intervention activities and liquidity stability persist.

The naira experienced mixed results across market segments. At the official market, the currency appreciated slightly, gaining 0.69% week-on-week to close at N1,446.74/$1. However, the parallel market told a different story, as the naira slipped by 0.34% to close at N1,470/$1, widening the gap between both markets to N23.26, up from N8.28 recorded the previous week.

In the global energy market, crude oil prices posted modest gains fuelled by supply caution and geopolitical tensions. U.S. rig counts fell to a four-year low, signalling possible supply tightness, while renewed expectations of a Federal Reserve rate cut boosted demand sentiment. Market watchers monitored developments in the Russia-Ukraine peace negotiations and anticipated decisions from the upcoming OPEC+ meeting, factors that added a layer of uncertainty to global oil projections.

Despite higher U.S. crude stockpiles, the post-Thanksgiving trading rush pushed benchmark prices upward, though gains remained fragile. Brent crude closed the week at US$63.20 per barrel, up 1.02%, narrowing its year-to-date loss to 15.33%. Its 2025 year-to-date average stands at US$68.65, which is 14.03% below the 2024 average.

Nigeria’s Bonny Light crude also posted strong performance, rising 3.13% to settle at US$66.29 per barrel, maintaining a premium of US$2.36 per barrel. Year-to-date, Bonny Light has declined by 12.18%, averaging US$71.54 per barrel in 2025.

CBN, BUA, First Bank Listed Among Abuja’s Major Land Charge Defaulters

The Federal Capital Territory Administration (FCTA) has named the Central Bank of Nigeria (CBN), BUA International Limited, First Bank of Nigeria and several other prominent organisations among more than 1,000 property owners who have defaulted on statutory land charges in Abuja.

In a public notice issued on Monday, the FCTA published the names of corporate bodies, government agencies and individuals whose property titles were recently revoked for failing to pay ground rent, certificate of occupancy (C-of-O) fees, land use conversion charges and associated penalties.

Officials said enforcement actions on 1,095 affected titles would commence shortly. The revoked properties cut across some of the Federal Capital Territory’s most valuable neighbourhoods, including Asokoro, Maitama, Garki and Wuse.

835 Defaulters Owe Ground Rent, 260 Face Conversion Penalties

According to the administration, several notices were issued to the affected titleholders, but many failed to comply. Of the revoked titles,

835 relate to unpaid ground rent,

260 involve land use conversion fees and other violations.

The list includes a wide range of institutions:

Financial institutions: First Bank, Guaranty Trust Bank, Ecobank Nigeria, Zenith Bank, Union Bank, and United Bank for Africa.

Government agencies: CBN, Nigerian Television Authority, Nigerian Ports Authority, Revenue Mobilisation Allocation and Fiscal Commission, News Agency of Nigeria, Nigerian Social Insurance Trust Fund.

Security agencies: Nigeria Police Force, Nigeria Navy, Office of the National Security Adviser, Nigerian Security and Civil Defence Corps.

Private companies: BUA International Limited, Ibeto Cement Company, MRS Investments, Urban Shelter, Adkan Services, Pokobros Group.

Religious and private institutions: Catholic Archdiocese of Abuja, several private estates, construction firms and defunct banks.

A separate section of the list shows organisations penalised for land use contravention, including the Nigerian National Petroleum Company Limited (NNPC), Continental Trust Bank and some estate developers.

The FCTA said the revocations form part of a wider campaign to sanitise Abuja’s land administration system, boost Internally Generated Revenue (IGR) and enforce compliance with statutory land obligations.

Officials noted that failure to pay ground rent and related charges deprives the FCT of critical revenues required for infrastructure development, urban services and environmental management.

The administration emphasised that defaulters would have the opportunity to resolve outstanding dues, but enforcement measures would proceed in line with legal provisions to ensure greater discipline in land administration.

Dollar To Naira Exchange Rate For 2nd December 2025

Dollar To Naira Exchange Rate For 8th Dec 2023

The exchange rate between the Naira and the US dollar, according to the data released on the FMDQ Security Exchange, the official forex trading portal, showed that the naira closed at 1460.00 per $1 on Tuesday, December 2nd , 2025. The naira traded as high as 1445.00 to the dollar at the investors and exporters (I&E) window on Monday.

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

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

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1475 and buy at ₦1460 on Monday 1st December, 2025, according to sources at Bureau De Change (BDC).

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

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate₦1475
Buying Rate₦1460

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)CBN Rate Today
Highest Rate₦1452
Lowest Rate₦1445

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

Keyamo Says Aviation Taxes Can Only Be Reviewed Through Joint Government Process

Minister of Aviation and Aerospace Development Festus Keyamo says a decision on revising aviation taxes must come from a coordinated government process involving several ministries and the National Assembly.

He spoke in Abuja on Monday at an event marking 100 years of aviation in Nigeria. He said concerns raised by airlines about multiple taxation are part of broader policy issues that extend beyond the authority of the aviation ministry.

Keyamo said tax issues fall under the responsibilities of the Ministry of Finance, the Federal Inland Revenue Service and other revenue bodies. He said these agencies must take part in any discussion about removing or modifying statutory levies in the aviation sector.

According to him, the aviation minister does not have the power to suspend or alter taxes that are already captured in law. He said changes to such levies require legislative action and full government agreement.

He said President Bola Tinubu has shown interest in easing tax pressure on the sector. He said the president recently exempted aviation from a four per cent tax that was scheduled to take effect before it was withdrawn.

Keyamo said a committee set up by the president is reviewing the issue of multiple taxation. He said the committee is expected to study all existing charges affecting airline operations and make recommendations.

He said infrastructure remains the most significant barrier to aviation growth. He said major airports lack hub systems that allow for seamless international transfers, which limits the capacity of Nigerian airlines to compete on long-haul routes.

He said the absence of modern transit facilities forces inbound passengers to complete immigration procedures even when they intend to connect to another flight. He said airlines cannot expand their route networks without investments in airport upgrades.

Keyamo said Air Peace and other domestic carriers can expand international services if hubs are developed. He said airlines need efficient transfer facilities to operate connecting routes and increase passenger volumes.

He said access to credit and aircraft leasing is another challenge for operators. He said airlines need financing to acquire aircraft and maintain fleet operations, adding that market demand is not the problem.

The minister spoke against the background of the federal government’s new tax reform law, which consolidates several tax statutes into a unified framework aimed at restructuring revenue administration.

Industry groups have raised concerns about the removal of certain exemptions that previously applied to airline operations. The exemptions include duties on aircraft parts, VAT on air tickets and specific service charges.

The review committee is expected to consult with operators, agencies and lawmakers as it examines the concerns and determines possible adjustments to the current tax framework.

Shettima Endorses India’s Smart Class Technology For Nigerian Schools

Shettima Establishes Council To Combat Nutritional Challenges

Vice President Kashim Shettima has endorsed a proposal by Schoolnet India Limited and Learnet Skills Limited to introduce their KYAN smart class technology in Nigerian schools.

The Vice President described the innovation as a potentially transformative tool for basic education if adapted to local needs. Hosting a delegation from the Indian firms at the State House in Abuja, Senator Shettima said the “school in a box” solution, which uses interactive smart boards, digital learning content, and AI-enabled teaching aids, could strengthen teaching and learning across Nigeria’s primary and secondary schools.

Vice President Shettima, who previously deployed the KYAN system as governor of Borno State, said the technology’s ruggedness and versatility make it suitable for classrooms, especially in underserved communities. He noted that one device can serve up to seventy students and urged the companies to adapt the system to the Nigerian curriculum.

“The beauty of KYAN is that it is a very rugged machine. You can use one card to teach seventy students. I am more interested in a package for primary and secondary schools tailored to our local curriculum,” Shettima said, according to a statement by his Senior Special Assistant on Media and Communications, Stanley Nkwocha.

The Vice President encouraged the firms to collaborate directly with federal officials to design a version suitable for Nigeria, including local content integration and alignment with national education standards. He highlighted the progress states such as Edo and Enugu have made in smart school development and emphasised that harmonising these efforts with KYAN would benefit schools nationwide.

Mr R. C. M. Reddy, Managing Director and CEO of Schoolnet India Limited, said the company was inspired by Nigeria’s commitment to digital learning. He described KYAN as an all-in-one solution capable of functioning in low-connectivity environments. The system features an integrated projector, computer, and camera and converts any wall into a smart board. It comes preloaded with digital content for grades one to ten, allowing teaching to continue even where internet access is limited.

Reddy added that teachers in Borno State were trained to use the system under Shettima’s leadership. He explained that KYAN improves teacher capacity and classroom performance, noting that with proper use, a teacher can progress from good to star-level effectiveness.

He assured the Vice President that Schoolnet would work closely with Nigerian education authorities to develop an integrated solution suitable for all learning environments, from urban classrooms to remote villages.

Shettima reaffirmed the Federal Government’s commitment to expanding digital literacy and deploying technology to bridge learning gaps nationwide.

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