Dr George Elombi, President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), has commended the bank’s member countries and shareholders for sustaining the institution through successive capital contributions and economic crises. Elombi spoke at the opening ceremony of the Alamein Africa Forum 2026 in New Alamein, Egypt, attended by Egyptian President Abdel Fattah El-Sisi, government officials and other African leaders. He particularly praised Egypt, one of Afreximbank’s founding countries and its host nation, for its longstanding support for the bank. Elombi recalled that Egypt signed the agreement to host Afreximbank on August 31, 1994, when…
Author: Elvis Eromosele
Seven-Up Bottling Company Ltd. (SBC) has strengthened its longstanding relationship with the Apapa-Iganmu community in Lagos with the renovation and upgrade of the Sari Primary Health Centre. The intervention, carried out in partnership with the Apapa-Iganmu Local Council Development Area (LCDA), is aimed at improving access to primary healthcare and strengthening the capacity of the facility to provide essential services to residents. The renovated centre was unveiled on September 28 in the presence of traditional rulers, government officials, community leaders, healthcare professionals and SBC executives. Among those at the event were Sari El-Khalil, SBC Managing Director and Chief Executive Officer,…
The Federal Competition and Consumer Protection Commission (FCCPC) is proposing new rules that would impose additional requirements on businesses using artificial intelligence (AI), machine learning and automated technologies for marketing and consumer engagement in Nigeria. Under the draft Sales Promotion Regulations, 2026, businesses that use AI for sales promotions, marketing communications or consumer engagement targeted at or accessible to Nigerian consumers would be required to register such use with the FCCPC. The proposed regulations, released on September 30, 2026, also prescribe tougher financial penalties for violations, with corporate entities liable to a fine of up to N100 million or one…
The National Information Technology Development Agency (NITDA) is deploying technology and artificial intelligence (AI) to capture, analyse and transform ideas from young Nigerians into policy proposals for government. Dr Kashifu Inuwa, NITDA Director-General, disclosed this at the opening of the maiden National Youth Conference 2026 in Abuja, describing Nigerian youths as a strategic asset to national development. Inuwa said the technology-driven approach would provide government with a structured mechanism for identifying the priorities and concerns of young Nigerians, particularly in areas such as job creation, technology, education and economic development. He said the initiative was designed to move beyond the…
The Association of Issuing Houses of Nigeria is set to celebrate 30 years of contributing to the development and advancement of the country’s capital market. The event, themed ‘Three Decades of Catalysing Capital, Pioneering the Future and Enabling Wealth’, will hold on October 6 and 7, 2026, in Lagos. The highlight of the event is the 30th Anniversary Awards Night and Dinner on the second day, which will bring together distinguished leaders and stakeholders from the capital market, financial services industry, business community, government and other sectors on October 7. According to the Executive Committee of AIHN, on behalf of…
The Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) has organised a roadshow to raise public awareness of the World Public Relations Forum 2026, scheduled to take place in Abuja from 15 to 21 November 2026. Members of the Institute turned out in large numbers for the awareness campaign, which covered more than five kilometres across Lagos. The exercise was part of a nationwide mobilisation initiative held simultaneously by NIPR chapters across the 36 states of Nigeria. Speaking during the roadshow, Dr. Samuel Ayetutu, Chairman of the Lagos State Chapter of NIPR, described the forthcoming forum as…
The Group of Seven (G7) advanced economies has agreed to release up to 100 million barrels of crude oil and diesel from strategic reserves over the next four months, in a coordinated effort to ease mounting pressure on global fuel prices. The move, which begins immediately, includes a substantial release of diesel within the first 20 days, with further releases possible if supply pressures persist. G7 leaders announced the decision following a meeting chaired by French President Emmanuel Macron and coordinated through the International Energy Agency (IEA). The G7 comprises the United States, United Kingdom, Canada, Japan, Germany, Italy and…
Africa’s growing youth population will not automatically translate into economic growth unless young people have greater opportunities to develop and apply their skills across the continent, Yasamin Alttahir, Director of Global Marketing, Communications and External Affairs at The King’s Trust International, has said. Speaking at the Africa Business Convention 2026, Alttahir said the continent must look beyond the size of its youthful population and build systems that enable young people to participate meaningfully in economic activity. “Demography alone is not growth. Having a whole bunch of young people is not going to immediately result in growth, and that is a…
The Nigeria LNG Limited (NLNG) has pledged to deepen its partnership with Coleman Technical Industries Limited, with a focus on expanding local manufacturing capacity and developing Nigerian content. Adeleye Falade, Managing Director and Chief Executive Officer of NLNG, made the commitment during a tour of Coleman’s manufacturing facilities in Sagamu and Arepo, Ogun State. Falade expressed surprise at the scale of Coleman’s operations, its investment in machinery and equipment, and the professionalism of its workforce. Describing the experience as “mind-blowing,” the NLNG chief said the facilities demonstrated what Nigerian businesses could achieve through sustained investment, innovation and commitment. “I’m not…
The Bank of Agriculture (BOA) has partnered with the All-Farmers Association of Nigeria (AFAN) to expand access to financing for 400,000 farmers preparing for the 2026 dry-season farming cycle. The initiative is designed to support year-round agricultural production, improve farmers’ incomes and strengthen the supply of locally produced food to Nigerian households. The partnership is being implemented under BOA’s Renewed Hope Smallholder Support and Value Chain Fund (RH-SSVCF), through which the bank is building a pipeline of farmers actively engaged in production and requiring financing to sustain or expand their operations during the dry season. Beyond agricultural inputs, the financing…