Author: Ogochukwu Ndubuisi

AfDB Commits $86m to Agro-Processing Zones Project The African Development Bank (AfDB) says it has committed 86 million dollars to the implementation of the Special Agro-Industrial Processing Zones (SAPZ) Programme in Nigeria as of March 31. The bank said the programme had recorded a commitment rate of 41 per cent and a disbursement rate of 12 per cent, amounting to 25 million dollars. Dr Orison Amu, Implementation Support Manager, Nigeria Country Department, AfDB, disclosed this on Wednesday in Abuja at the Mid-Term Review Meeting of the SAPZ Programme. Represented by Mr Bernard Onzima, SAPZ Nigeria Task Manager, Amu said the…

The Federal Government (FG) has called on farmers, agribusinesses, financial institutions, research organisations, development partners and others to actively support the implementation of the Special Agro-Industrial Processing Zones (SAPZ) Programme.

Minister of Works, Dave Umahi, has issued a 72-hour ultimatum to contractors handling the Abuja-Lokoja road to fully mobilise to site and utilise funds already released by the Federal Government.

TikTok says it removed more than four million videos and interrupted over 86,000 LIVE sessions in Nigeria in the fourth quarter of 2025 as part of efforts to strengthen safety and integrity on the platform.

Moody’s Ratings has today affirmed Bank of Industry Limited’s (BOI) long-term issuer ratings and long-term corporate family rating at B3.

Tax Ombud Seeks End to Multiple Taxation Office of the Tax Ombud (OTO) of Nigeria says efforts are underway to address multiple taxation through collaboration with relevant revenue authorities. The Chief Executive Officer (CEO) of OTO, Dr John Nwabueze, said this during a breakfast meeting with financial correspondents in Abuja on Tuesday. He said that the Joint Revenue Board was working to harmonize tax administration across federal, state and local government levels. According to him, resolving multiple taxation is complex because numerous agencies are involved in revenue collection. Nwabueze said that his office would continue to engage stakeholders to curb…

WHO Chief Urges Uganda to Reconsider Congo Border Closure Over Ebola The Director-General of the World Health Organisation (WHO), Tedros Ghebreyesus, has urged Uganda to reconsider its decision to close its border with the Democratic Republic of Congo over the ongoing Ebola outbreak.Tedros appealed during a visit to an Ebola isolation unit at a hospital in Kampala, the Ugandan capital. He commended Uganda’s response to the outbreak, describing it as prompt and effective. The WHO has declared the outbreak of the rare Bundibugyo strain of Ebola a Public Health Emergency of International Concern. The epicentre of the outbreak is in…

NCC Appoints Princess Oforitsenere Emiko as Interim Chairman of the Digital Bridge Institute Governing Board The Board of the Nigerian Communications Commission (NCC) has appointed Princess Oforitsenere Emiko as Interim Chairman of the governing board of the Digital Bridge Institute (DBI), a move that anchors the Commission’s plan to reposition the Institute for the next era of Nigeria’s communications sector and digital economy. She will be joined on the board by Engr. Abraham Oshadami, Executive Commissioner, Technical Services, and Ms. Rimini Makama, Executive Commissioner, Stakeholder Management, who join as interim Board members. The interim leadership will work alongside the President/CEO,…

Nigeria’s Total Trade for Q1 2026 Stood at N34.78bn – NBS The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N34,788.59 billion in the first quarter of 2026. This is according to the NBS Foreign Trade in Goods Statistics Report for Q1 2026 released in Abuja on Monday. This shows a decrease compared to the value of N37,242,903.61 billion recorded in Q1 2025 and N36,214,343.98 billion recorded in Q4 2025. The report said total exports stood at N21,169.27 billion, accounting for 60.85 per cent of total trade. The report said total exports increased by 2.77 per…

Heirs Insurance Hits 3m Policyholders Milestone in 5 Years Heirs Insurance Group says it has impacted and protected more than three million customers in its first five years of operation. Mr Niyi Onifade, the group’s Sector Head and Managing Director of Heirs Life Assurance, said this on Monday at a news conference in Lagos to commemorate the fifth anniversary of Heirs Insurance Group. He said the milestone underscored the company’s commitment to transforming the insurance industry through customer-centric services and technology-driven solutions According to him, the company, which began operations on June 1, 2021, has remained focused on addressing long-standing…