Author: Ogochukwu Ndubuisi

Nigeria Exports 663m Metric Tonnes of Products Within ECOWAS in 6 Months The Nigeria Export Promotion Council (NEPC), says Nigeria exported products worth 663 million metric tonnes to 11 ECOWAS countries in the first half year of 2025. The Director-General of the NEPC, Mrs Nonye Ayeni, made this known to newsmen, while presenting a report on first half of 2025 Non-Oil Export Performance, in Abuja on Sunday. Ayeni said that the figure showed an increase in exported products as against the same period in 2024. “In the same vein, Nigeria exported 488 million metric tonnes of products worth 83.538 million…

FirstBank Champions Inclusive Fintech Innovation at CAFS 2025 FirstBank sponsored the recently held Canada-Africa Fintech Summit (CAFS 2025), which took place from August 5–8 at the Sheraton Centre in Downtown Toronto, according to an official statement. Convened by Dr. Segun Aina, President of the African Fintech Network, CAFS 2025 was a landmark event that united fintech leaders, regulators, startups, and investors from Africa and Canada to explore scalable digital solutions, encourage investment, and promote inclusive economic development across both continents. As a legacy institution with over 131 years of leadership in financial services, FirstBank’s sponsorship highlights its commitment to fostering…

Afreximbank Signs $300m Trade Deals at AfriCaribbean Forum The Fourth AfriCaribbean Trade and Investment Forum (ACTIF2025) concluded with over 300 million dollars in investment and trade deals signed. A statement issued by Vincent Musumba, Afreximbank’s Communications and Events Manager, on Friday said eight deals and memoranda were announced, spanning infrastructure, tourism, digital transformation, and trade finance Musumba said that the(ACTIF2025) was co-hosted by Afreximbank and the Government of Grenada. Musumba said the two-day event brought together no fewer than 2,100 delegates from 80 countries, including 11 Heads of State and Government, representatives of governments, private sector leaders, and development partners.…

Israel Secures Major Gas Export Deal with Egypt Worth $35 Billion Israel has signed a landmark $35 billion natural gas export agreement with Egypt, marking the largest energy deal in Israel’s history. The agreement involves the supply of 130 billion cubic meters of gas from Israel’s Leviathan offshore gas field to Egypt through 2040 or until the full contracted volume is delivered. The deal is divided into two phases. The first phase, expected to begin in early 2026, will deliver 20 billion cubic meters of gas to Egypt after new pipeline connections are completed. The second phase will supply an…

WAEC Withdraws 2025 WASSCE Results Over Technical Glitch The West African Examinations Council has temporarily withdrawn the 2025 West African Senior School Certificate Examination results due to technical issues linked to a newly introduced paper serialization method aimed at curbing examination malpractice. This security feature was piloted in key subjects, including Mathematics, English Language, Biology, and Economics. According to WAEC’s Acting Head of Public Affairs, Moyosola Adesina, the council discovered technical bugs during an internal review after the results were released. To maintain the integrity of the examination process, WAEC has disabled access to the results on its official portal…

ACCI Applauds Tinubu’s Approval of Insurance Reform Act The Abuja Chamber of Commerce and Industry (ACCI) has commended President Bola Tinubu for signing the 2025 Nigerian Insurance Industry Reform Act (NIIRA) into law. They described it as a major milestone for the nation’s insurance sector. Speaking at a stakeholders’ meeting in Abuja on Thursday, ACCI President, Chief Emeka Obegolu, said the Act would modernise the industry, boost investor confidence, and position insurance as a critical enabler of Nigeria’s economic transformation. “This reform signals Nigeria’s commitment to building a resilient, transparent, and investor-friendly insurance sector,” he said. Obegolu noted that the…

NCC Decries Rising Fibre Cuts, Records 1,100 Weekly Incidents The Nigerian Communications Commission (NCC) has raised alarm over the increasing damage to telecommunications infrastructure nationwide, revealing that Nigeria currently records an average of 1,100 fibre cut incidents weekly. The Executive Vice-Chairman of the NCC, Dr Aminu Maida, said this during a Critical National Information Infrastructure (CNII) and Sustainability Conference in Lagos on Thursday. The event was organised by the Nigeria Information Technology Reporters Association (NITRA) in collaboration with the Association of Licensed Telecom Operators of Nigeria (ALTON). It had the theme: “Critical National ICT Infrastructure and Industry Sustainability, Way Forward.”…

AfDB Secures N3.4trn for Agro-Industrial Processing in Nigeria Africa Development Bank (AfDB) and its partners have mobilised 2.2 billion dollars (about N3.4 trillion) to implement special agro-industrial processing zones in Nigeria. Dr Akinwumi Adesina, the outgoing President of AfDB disclosed this in a paper presented at the 2025 Standard Chartered Bank Africa Summit recently held in Lagos. In a copy of the presentation obtained by the News Agency of Nigeria (NAN), Akinwumi said the fund would be deployed to implement the phase two of the special agro-industrial processing zones covering 24 states. He recalled that the bank and its partners…

FG Requires N3trn to Complete NNPCL-Funded Road Projects The Federal Government requires ₦3 trillion to complete road projects awarded under the Nigeria National Petroleum Company Limited (NNPCL) tax credit scheme. Works Minister David Umahi in Abuja while briefing newsmen. He said that following the NNPCL’s decision to halt funding from Aug. 1, President Bola Tinubu directed the ministry to explore alternative sources of financing to ensure no project is abandoned. “Our President is a man with a large heart. Despite the funding stoppage by NNPCL, Mr President, as Chairman of the Federal Executive Council (FEC), directed that alternative funding mechanisms…

Heirs Insurance Launches ₦5million Grant to Empower Retirees/Pre-Retirees Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has launched the Heirs Insurance Retirement Dream Competition, to empower retirees and pre-retirees with grants to actualise their retirement aspirations. With a ₦5 million prize pool, the competition invites senior citizens between the ages of 50 and 75 years, across Nigeria, retired or approaching retirement and have previously been in paid employment, to share their retirement goals for the opportunity to turn those long-held dreams into reality. Three winners will be selected. The top entry will receive a ₦2.5 million grant, while the first and…