Author: Ogochukwu Ndubuisi

NLC Rejects N6trn Bailout, Demands Energy Sector Reform The Nigeria Labour Congress (NLC) has rejected the proposed N6 trillion bailout for power generation companies, saying repeated financial interventions have not improved electricity supply nationwide. The NLC President, Mr Joe Ajaero, who said this in a statement on Sunday in Abuja, called for urgent structural reforms in the energy sector. “The proposed N6 trillion bailout is a mere symptom of deeper structural failures in the power sector, and repeated financial interventions have not translated into improved electricity supply for Nigerians. “We cannot continue to deploy public funds to sustain a fundamentally…

TEF Commits $16m to Empowering Additional 3,200 Young African Entrepreneurs The Tony Elumelu Foundation (TEF) on Sunday unveiled 3,200 new beneficiaries with 5,000 dollars empowerment grant for young African entrepreneurs in its 2026 cohort. The Foundation said that the entrepreneurs would be funded via Heirs Holdings Group Companies, the European Commission, Seme City Development Agency, DEG, the German Development Agency, and the IKEA Foundation. It listed other partners to include UNICEF, the Dutch Government, UNDP and the Rwandan Ministry of Youth and Arts. The Founder of TEF, Mr Tony Elumelu, said that the foundation’s work was vital in providing access…

Premier League Probes Alleged Racist Abuse in Newcastle-Sunderland Derby The English Premier League is investigating alleged discriminatory abuse during Sunderland’s 2-1 derby win away to Newcastle United. The probe follows a report of racial abuse directed at a Sunderland player during the second half. The incident occurred after Newcastle’s Sven Botman received treatment for a head injury, prompting referee Anthony Taylor to halt play briefly A Premier League statement read: “Today’s match was temporarily paused in the second half. “This followed a report of discriminatory abuse from the crowd, directed at Sunderland’s Lutsharel Geertruida. “This is in line with the…

IAEA Confirms Iran Nuclear Facility Has Been Bombed The International Atomic Energy Agency (IAEA) has confirmed that Iran’s Natanz facility for nuclear enrichment has been bombed by the United States and Israeli airstrikes. Secretary General of IAEA, Rafael Grossi reported early Saturday that Iran’s Natanz facility for nuclear enrichment had been bombed. The bombing followed the continuing strikes across the country by Israel and the United States and counterstrikes by Iran around the Gulf. “The IAEA has been informed by Iran that the Natanz nuclear site was attacked today,” the agency posted. The UN-backed nuclear agency added that “no increase…

Access Bank Partners King’s Trust to Drive Youth Empowerment Across Africa Access Bank Plc and King’s Trust International have formalised a strategic partnership aimed at expanding opportunities, entrepreneurship and sustainable livelihoods for young people across Africa. The agreement was signed in London by the Managing Director/Chief Executive Officer of Access Bank, Mr Roosevelt Ogbonna, and the Chief Executive Officer of King’s Trust International, Mr Will Straw. According to a statement by the bank made available to newsmen on Saturday in Lagos, the event was witnessed by prominent stakeholders. They included Mr Aigboje Aig-Imoukhuede, Co-Chair of King’s Trust International Africa Advisory…

Nigeria and Ireland on Friday stated their commitment to strengthening bilateral trade and investment relations, with both sides identifying key sectors for collaboration.

Recycling to Hit $4.5trn Globally by 2030 – Expert The President, Association of Waste Managers of Nigeria, Dr Olugbenga Adebola, says global recycling economy will reach $4.5 trillion by 2030. Adebola disclosed this in an interview with the News Agency of Nigeria (NAN) on Saturday in Lagos. Adebola said the projection highlights vast investment opportunities in recycling and circular economy, especially for rapidly growing cities like Lagos. He described waste management as capital-intensive, requiring huge investments across bins, collection logistics, and processing infrastructure such as material recovery and waste-to-energy facilities. According to him, high inflation, rising fuel costs, and expensive…

Bitcoin Cash is (BCHUSD) up 3.15% to $469.53 over the past 24h, outpacing Bitcoin’s 1.71% gain, driven by positive regulatory developments.

Shippers’ Council Initiates Dialogue With Freight Forwarders Over Tariff Hike Dr Akutah Pius, the Executive Secretary of Nigerian Shippers’ Council (NSC), has urged freight forwarders to choose dialogue over industrial action as regards tariff adjustments to avoid undermining Nigeria’s economy and disrupting national trade. Akutah made the plea on Thursday in Lagos while reacting to the picketing of the offices of Mediterranean Shipping Company (MSC) by freight forwarders who were protesting the recent increase in shipping line tariffs. Notwithstanding the protests, the Council had attempted to engage the aggrieved freight forwarders in discussions but met with resistance as the protesters…

Morocco Walkout: Guinea Seeks Review of 1976 AFCON Title Guinea Football Federation has urged the Confederation of African Football (CAF) to review the 1976 AFCON outcome, citing Morocco’s walkout and a recent ruling against Senegal. The call follows CAF’s decision to overturn the 2025 AFCON result as sanction on Senegal for a walkout, despite winning on the pitch. CAF stripped Senegal of the 2025 title 58 days after the tournament, declaring hosts Morocco as champions. Guinea said similar disciplinary standards should apply to historical matches. The federation referenced the decisive 1976 clash between Morocco and Guinea, played under a four-team…