Author: Ogochukwu Ndubuisi

FG Cancels Mother Tongue Policy, Declares English Sole Medium of Instruction The Federal Government has cancelled the national policy mandating the use of indigenous languages as the medium of instruction in schools. The Minister of Education, Dr Tunji Alausa, said this at the 2025 Language in Education International Conference, organised by the British Council in Abuja on Wednesday. In 2022, the Federal Government approved a National Language Policy (NLP), which provides that from Early Child Care Education to Primary six, the language of instruction will be in the mother tongue or language of the immediate community. The policy aims to…

IEA Warns of Multiplying Risks in A World Thirsty for Energy The International Energy Agency (IEA) on Wednesday called on governments to diversify supplies and increase cooperation as global need for energy continues to grow. The Paris-based agency warned of “pressing energy security threats and growing longer-term risks across an unprecedented range of fuels and technologies” as it released its flagship World Energy Outlook. The outlook highlights that, while renewable energies were deployed at record rates for a 23rd consecutive year in 2024, traditional sources of energy like oil, natural gas and coal also hit all-time highs. “When we look…

Nigerian Exchange Recovers with N2.6trn Equities Investors Gain The Nigerian equities market rebounded strongly on Wednesday, driven by bargain-hunting in blue-chip stocks, including some heavily priced banking names. The Nigerian Exchange equities market capitalization climbed ₦2.59 trillion to ₦92.48 trillion, reflecting renewed buying momentum after a depressed performance the previous day Market breadth was decisively positive, as 65 gainers overwhelmed 11 decliners yielding a robust 6x ratio. ACCESSCORP, MANSARD, NB, OANDO, and PZ topped the gainers’ list. Specifically, the market index (All-Share Index) added 4,076.45 basis points in today’s trading session, reflecting a 2.88% increase to close at 145,403.83. Total…

GTCO, Zenith, Drive Intraday Rally in Nigerian Market With strong interest in banking names like GTCO, Zenith Bank, and Access Holdings, the Nigerian market is poised for a sharp rebound on Wednesday, stockbrokers said in their intraday update. The local bourse staged a strong rebound in the early trading hours of Wednesday as bargain-hunting in bellwether stocks lifted market sentiment, Cowry Asset Management Limited told investors in an emailed note. The marker lost more than N4.61 trillion in a sweep on Tuesday, plunging market capitalisation of all listed stocks below N90 trillion. During early trading hours on Wednesday, there is…

Jumia Posts $17.7m Pre-Tax Loss in Q3, Down 1% in 12 Months Jumia Technologies AG (NYSE: JMIA) posts a $17.7 million loss before income tax in the third quarter of 2025, down 1% year-on-year from $17.8 million in the third quarter of 2024. The road to profitability has remained long as ecommerce continues to face uncertainties, including widening competition with rivals in the same industry. The e-commerce company revenue came in at $45.6 million compared to $36.4 million in the third quarter of 2024, representing a 25% year-over-year surge in the period. The company reported gross merchandise value (GMV) of…

Consider Trump’s Threats as Security Risk, U.S. Based Scholar Tells FG A U.S.-based teacher of international politics, Prof. Mojubaolu Okome, has urged the Bola Tinubu administration to treat U.S. President Donald Trump’s threats of military action toward Nigeria as a genuine national security risk. She spoke with News Agency of Nigeria in New York about the unfolding security crisis in parts of Nigeria and the tense international response. Okome, a veteran scholar of international politics and geopolitics, said that while Trump’s rhetoric is dangerous and must be openly rejected, it must not be dismissed. “He’s been doing things internationally that…

ACCI Urges Gradual Implementation of Fuel Import Tax The Abuja Chamber of Commerce and Industry (ACCI) has urged gradual implementation of the Federal Government’s 15 per cent fuel import tax to ensure economic stability and consumer protection. The ACCI commended the government’s commitment to strengthening domestic refining capacity through the new policy but warned against sudden enforcement that could trigger inflation and weaken business confidence. This is according to a statement by Chief Emeka Obegolu, President of the ACCI, on Tuesday in Abuja. Obegolu described the policy as strategic and transformative but called for phased execution to prevent unintended economic…

Nigerian Breweries Falls Below N2trn after Huge Block Trades The market value of Nigerian Breweries Plc’s 30.983 billion shares outstanding in the Nigerian market plunged by about 8% to N1.858 trillion, 24.48% below its 52-week high. The brewer share price declined to N60 on Tuesday as 23.873 million units of Nigerian Breweries valued at N1.547 billion were executed on the exchange, including block transactions. Each of its 30.983 billion shares outstanding lost N5.20 on Tuesday, reflecting investors’ weak sentiments. This price depreciation brought down Nigerian Breweries’ market value below N2 trillion, settling at N1.858 trillion, according to data from the…

Pensioners Give FG Deadline, Plan Naked Protest Nov. 24 The Coalition of Federal Pensioners of Nigeria has threatened a nationwide naked protest on Nov. 24 if government fails to pay their outstanding pension increment arrears and palliative allowances. The coalition’s National Chairman, Mr Mukaila Ogunbote, announced this during a news conference on Tuesday in Lagos. Ogunbote, who is also the Chairman, Nigeria Union of Pensioners, NIPOST Chapter, said the protest would hold if the Federal Government failed to fulfill the promise of paying the N32,000 approved pension increment arrears and the N25,000 palliative allowance approved since 2023. He said the…

Brent Rises to $65 as U.S Sanction Hits Russian Oil Exports Brent climbed by 1.8% to $65.21 a barrel as U.S. sanctions that limit Russian oil companies’ exports impacted the supply side. India and China have reduced oil trading amidst fresh trade relations with the United States, leaving Russia behind after the US slammed Rosneft and Lukoil. Lukoil declared force majeure at its West Qurna 2 field in Iraq in a sign that sanctions are affecting its international operations. U.S West Texas Intermediate WTI also rose by 1.7% to $61.16 a barrel as data showed crude inventories in US climbed…