Author: Ogochukwu Ndubuisi

Air Peace Loses $15m to Disruptions As Lessor Withdraws Aircraft Air Peace Ltd. has attributed sudden disruptions in its domestic operations to ‘illegal’ withdrawal of three aircraft by its wet lessor, Smartlynx Airlines. The airline said on Friday that the disruptions cost it 15 million U.S. dollars. The Chief Commercial Officer at Air Peace, Mr Nowel Ngala, disclosed this at a news conference in Lagos. According to Ngala, Air Peace has experienced a number of operational disruptions, resulting in flight delays and cancellations. He said that Air Peace entered a wet-lease agreement with Smartlynx because 13 of its aircraft were undergoing scheduled maintenance abroad. According…

Cardoso Seeks Collaboration for Stronger African Credit System The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has called for collaboration to build a robust credit economy that supports development and empowers citizens. Cardoso made the call on Friday in Lagos at the 2025 Africa Credit Expo, organised by CreditRegistry in partnership with Afreximbank. The event, with the theme ‘Unlocking Africa’s Finance Story’, gathered financial leaders and innovators to examine solutions for bridging credit gaps across the continent. It created an opportunity to advance credit intelligence, financial inclusion, and digital innovation to aid trade growth across Africa. Cardoso,…

South Africa’s MTBPS Maintains Fiscal Consolidation Drive South Africa’s Medium-Term Budget Policy Statement (MTBPS) reaffirms the government’s commitment to gradual fiscal consolidation, which should bring debt closer to stabilising, Fitch Ratings says. The MTBPS, unveiled on 12 November 2025, keeps the consolidated fiscal deficit target for the year ending March 2026 (FY25) broadly unchanged, at 4.7% of GDP, against 4.8% in the May budget. Revenue windfalls from higher-than-budgeted corporate income tax (CIT) receipts, dividend taxes and VAT in 1HFY25 will be spent, mostly on infrastructure, rather than used to pay down debt. Revenue in 1HFY25 was around ZAR19.3 billion (0.25%…

Ethiopia to Host 2027 UN Climate Summit Ethiopia will host the 32nd United Nations Climate Change Conference (COP32) in 2027, according to Fana Media Corporation (FMC), a partner of TV BRICS. FMC said that the decision was announced during the 30th Climate Conference (COP30) taking place in Belem, Brazil. Ethiopia is implementing national environmental programmes, including the “Green Legacy” initiative, aimed at reforestation and the development of renewable energy. The choice was also influenced by Ethiopia’s developed infrastructure and its experience in hosting major international events. Over the past year, the country has organised more than 150 conferences and forums.…

Egypt Establishes World’s Largest Date Plantation With 2.3m Trees Egypt has begun establishing the world’s largest date plantation, with total of 2.3 million palm trees will be planted in the Toshka and Al-Owainat regions. The launch of the project was announced by the Republic’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, according to Daily News Egypt, a partner of TV BRICS. The project is being implemented on the instructions of the President of Egypt. As Kamel Al-Wazir emphasised, the development of the date production and processing sector is a priority for diversifying the…

South Africa’s Citrus Exports Rise by Record 22% in 2025 Citrus exports from South Africa reached record levels in 2025, increasing by 22 per cent compared with the previous season. The figures were reported by MENA, a TV BRICS partner, citing the Citrus Growers’ Association of Southern Africa (CGA). The total export volume amounted to 203.4 million cartons, each weighing 15 kg. The growth in yield was attributed to favourable weather conditions, the commissioning of new fruit-bearing orchards, and improved farming efficiency in water management and pest control. The report also noted improvements in logistics, including port operations. At the…

MDGIF Invests N287bn in 62 Gas Infrastructure Projects – FG The Federal Government (FG) says the Midstream and Downstream Gas Infrastructure Fund (MDGIF) has invested over N287 billion in various gas infrastructure projects with 16 companies across 62 projects as of October 2025. Mr Farouk Ahmed, the Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), disclosed this on Thursday in Abuja. Ahmed, represented by the authority’s Legal Adviser and Secretary, Dr Joseph Tolorunse, said this at the maiden conference of the Energy Correspondents Association of Nigeria (ECAN), commemorating the fourth anniversary of the PIA. The maiden conference was…

FG Tasks Insurance Industry on Improved Service Delivery The Federal Government on Thursday, urged key players and regulators in the insurance industry to step up efforts toward improving service delivery to Nigerians. The Minister of Interior, Dr Olubunmi Tunji-Ojo, made the call when he received the Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Ayo Omosehin, in his office in Abuja. Tunji-Ojo urged NAICOM as regulator of the insurance sector, to encourage insurance companies to create more innovative products that meet the needs of Nigerians. He said that adopting modern and creative solutions will boost both the national…

NCC Assures Nigerians of Safe, Accessible Digital Space The Nigerian Communications Commission (NCC) has assured Nigerians of accessible, resilient and safe digital space in the nation’s digital economy. The Executive Commissioner, Stakeholders Management, NCC, Rimini Makama, gave the assurance at the NCC’s Digital Economy Sensitisation Forum, with the theme, “Leaving No One Behind: Digital Access, Equity and Empowerment” on Thursday in Abuja. The event brought major stakeholders in the digital economy ecosystem together to create cybersecurity awareness. Makama, who was represented by the Head, Consumer Information and Education, Olasumbo Olawaiye, said that without access, there can be no opportunity. He…

FCCPC Sets January Deadline for Digital Lending Regulations Compliance The Federal Competition and Consumer Protection Commission (FCCPC) has set January 2026 as the deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. Mr Ondaje Ijagwu, the Director of Corporate Affairs at the Commission, disclosed this in a notice on Thursday in Abuja. Ijagwu said the regulation aims to promote fairness, transparency, and accountability in Nigeria’s growing digital lending market. He said enforcement of the regulations would begin immediately after the expiration of the deadline. Ijagwu quoted the Executive Vice Chairman of the Commission, Mr…