Author: Ogochukwu Ndubuisi

Diverting Tithes, Offerings, Zakat to Private Businesses Criminal – EFCC The Economic and Financial Crimes Commission (EFCC), has warned religious leaders against diverting tithes, offerings, zakat and other religious funds into private businesses. The EFCC Chairman, Mr Ola Olukoyede gave the warning on Wednesday in Abuja, at the 2026 Second Council Meeting of the Nigeria Inter-Religious Council (NIREC) themed “Shared Sacred Flourishing in Nigeria”. Olukoyede said such diversion was criminal and advised churches and mosques to create regulatory compliance mechanisms to protect funds entrusted to them. He emphasised that religious leaders must lead by example in the anti-corruption…

World Leaders At 81st UNGA Say UN Itself Isn’t Working Several world leaders at the 81st United Nations General Assembly have said the UN is failing to fulfil its core mandate, adding their voices to growing calls for reform of the Security Council. Speaking during the General Debate which opened on September 22 at UN Headquarters in New York, leaders argued that the five permanent members, China, France, Russia, the United Kingdom and the United States — are using veto power to block action on global crises rather than help solve them. Brazilian President Luiz Inácio Lula da Silva, who…

 Oyedele Seeks Affordable Capital to Bridge Africa’s Infrastructure Gap ⁠‌‍⁠⁠‌⁠‌‍‌ The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has called for affordable capital to finance Africa’s infrastructure. This is contained in a statement on Wednesday issued by the Head, Information and Public Relations of the Ministry, Mrs Efe Ovuakporie. Oyedele made the call at the United Nations Dialogue on Solutions to Climate Finance in New York. The dialogue was held on the margins of the 81st Session of the United Nations General Assembly. He said that Africa’s development ambitions, particularly its energy needs, were constrained…

2027: Why South-East Should Support Tinubu—Umahi The Minister of Works, Mr Dave Umahi, has urged the people of south-east to support President Bola Tinubu’s second term bid, citing the Federal Government’s infrastructure interventions in the zone.  Umahi made the appeal in Abuja on Tuesday while receiving the report of the northwest leg of the Nationwide Federal Roads Project Tour conducted by the National Association of Nigerian Students (NANS).  He said that leaders from the south-east should be bold and vocal in educating their people on what he described as the benefits of supporting the Tinubu administration. “It is a strategic…

The average yield on Nigerian Treasury bills declined slightly to 18.81% ahead of the midweek auction

NMDPRA Threatens Licence Revocation for Fuel Stations Under-Dispensing Products The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to revoke the licences of fuel stations found under-dispensing petroleum products to consumers. NMDPRA ‌‍⁠‌‍⁠⁠‌⁠‌‍ ⁠‌ ⁠‌ gave the directive on Tuesday in an industry circular posted on its X handle, following reported incidents of under-dispensing of petroleum products at retail outlets amid soaring petrol prices. While describing the practice as a serious breach of consumer trust, the agency directed petroleum retail outlet operators nationwide to immediately calibrate and verify their dispensers and totalisers. It said the directive was…

Afreximbank, ATDC Sign $500m Facility to Boost Intra-African Trade Afreximbank and the Africa Trading and Distribution Company (ATDC) have signed a 500 million dollar Global Credit Facility to support trade, movement and distribution of commodities across African and global markets. This is contained in a statement issued by Vincent Musumba, Communications and Events Manager, Afreximbank, in Abuja on Monday. According to the statement, the facility is expected to strengthen trade and distribution networks across the continent by providing financing for the purchase and aggregation of African goods, as well as logistics, transportation, warehousing and distribution. It said under the agreement,…

Stop ‌‍⁠‌‍⁠⁠‌⁠‌‌‌‌⁠ ‌‌Exporting Africa’s Mineral Wealth, Shettima Tells African Leaders Vice-President Kashim Shettima has urged African countries to stop exporting Africa’s mineral wealth and turn it into jobs and industrial growth. Shettima also said Africa must strengthen cooperation, process more of its minerals locally and build industries around resources increasingly critical to the global economy. He spoke at the Third High-Level Roundtable of the Africa Minerals Strategy Group (AMSG), held on the sidelines of the 81st UN General Assembly in New York. The roundtable, themed “From Resources to Wealth: Continental Cooperation for Mineral Value Addition,” brought together governments, investors and…

European banks’ withdrawal from Africa over the past decade is accelerating the rise of pan-African

The Gates Foundation says a coalition of 60 organisations has launched a five-year initiative