Author: Ogochukwu Ndubuisi

Namibia Faces Agricultural Challenges Namibia’s Ministry of Agriculture, Fisheries, and Land Reform has reported a mixed outlook for the upcoming agricultural season, Acting Executive Director Teofilus Nghitila said. Nghitila citing seed shortages and locust infestations in some regions. The southern African country experienced an early onset of rainfall, with some areas receiving showers as early as October and November 2025, Nghitila said, referring to the findings of the Agricultural Inputs, Livestock and Household Food Security Assessment report, which was released Monday. Namibia is forecasted to receive normal to above-normal rainfall for the remainder of the season. The ministry faces challenges…

Tinubu Unveils Nigeria’s Industrial Policy 2025 President Bola Tinubu, on Tuesday, unveiled Nigeria’s Industrial Policy 2025 with a charge to relevant Ministries, Departments and Agencies (MDAs) of government to ensure speedy implementation. Tinubu, represented by Vice-President Kashim Shettima inaugurated the policy at the Bola Ahmed Tinubu International Conference Centre, Abuja. The president explained that the policy was a roadmap for re-engineering Nigeria’s industrial base. Tinubu added that the document would unlock value across sectors, and place production, competitiveness, and jobs at the centre of the nation’s economic strategy. He regretted that for too long, Nigeria had grappled “with fragmented value…

Natasha Not NCDC Committee Member – Sen. Zam Sen. Titus Zam, Chairman, Senate Committee on North Central Development Commission (NCDC), has said that Sen. Natasha Akpoti-Uduaghan (PDP-Kogi) is not a member of the committee, contrary to her claims. Zam, who represents Benue North-West in the upper chamber, gave the clarification in a statement in Abuja on Tuesday while reacting to Akpoti-Uduaghan’s claims of her being a member of the committee. Akpoti-Uduaghan had, on Monday, alleged that her name was omitted from the attendance register of the committee. The committee had held its budget defence with management of the commission, with…

EU Urged to Boost Climate Adaptation Efforts as Risks Mount A Report published on Tuesday by the European Scientific Advisory Board on Climate Change says the European Union must urgently intensify and better coordinate its preparations for escalating climate-related risks. “Weather- and climate-related extreme events are already causing severe losses across Europe,” said Ottmar Edenhofer, chair of the advisory board. “Extreme heat alone has resulted in tens of thousands of premature deaths in recent years.” Edenhofer said that in addition to environmental damage, climate-related disasters are causing substantial economic losses, averaging around 45 billion euros (53.3 billion) annually. He said…

Senate Panel Queries Tribunal Over N16m Spent on Office Fumigation Members of the Senate Committee on Capital Market on Tuesday questioned the management of the Investments and Securities Tribunal (IST) over the expenditure of N16 million on cleaning and fumigation services in 2025. The IST is a specialised, fast-track civil court established under the Investments and Securities Act 2007 (amended in 2025) to resolve capital market disputes. It provides expert adjudication for investors and market operators, with appeals lying at the Court of Appeal. Chairman of the tribunal, Aminu Junaidu, gave the figure when he appeared before the senate committee…

Africa’s $1.1trn Domestic Capital can Fund its Transformation – ECA The Economic Commission for Africa (ECA) says Africa holds more than 1.1 trillion dollars in domestic institutional capital which must be strategically deployed to finance the continent’s transformation. The Executive Secretary of the ECA, Mr Claver Gatete, said this virtually at the on-going Ninth Africa Business Forum convened by the ECA in Addis Ababa, Ethiopia. The theme of the event is: “Financing the Future of Africa: Jobs and Innovation for Sustainable Transformation.” Gatete said although Africa faced infrastructure-financing gaps and loosed billions annually to illicit financial flows; it was not…

UPDC Obtains Approval to Cure Free Float Deficiency in 2-Year Nigerian Exchange Regulator Limited has approved UPDC’s request for extension of time to achieve the required free float threshold within two years (2026-2028). In an official statement, the company told shareholders that the extension is to enable the Company to comply with Nigerian Exchange Limited’s free float requirements of 20% issued and fully paid share capital. The other option is for UPDC to meet N20 billion free-float market capitalization for companies listed on its Main Board and to ensure that the Company returns to compliance with its post-listing obligations. It…

Nigeria’s biggest financial institution by total assets, Access Holdings Plc (Ticker: ACCESSCORP) gained about 9% in the equities market as investors’ sentiment improved ahead of the group’s earnings release.

NNPC Declares N5.76trn Profit in 2025 UPDATE: The Nigerian National Petroleum Company Limited (NNPC Ltd.) declared N60.5 trillion in revenue and N5.76 trillion Profit After Tax (PAT) in the 2025 financial year. The NNPC Ltd. in its December 2025 Monthly Report Summary, highlighted key figures including crude oil and condensate production, natural gas output, revenue, PAT, and strategic initiatives during the period under review. The report revealed that crude oil production remained relatively moderate and pipeline maintenance activities disrupted some operations in the financial year. It showed that average crude oil and condensate production stood at 1.54 million barrels per…

Otti Clarifies Abia Senior Citizens Establishment Law Misunderstandings about the Abia Senior Citizens Centre by the administration of Governor Alex Otti have been laid to rest. The centre was established to provide social protection and access to healthcare for the elderly in the state and not for money sharing, the government clarified. According to the state government, the senior citizens centre will not serve as a retirement home or a place for abandoned senior citizens in Abia. There have been speculations that senior citizens in the state will be receiving monthly stipend and other packages from the government, through the…