The Federal Government has approved the disbursement of N32 billion to primary healthcare facilities across Nigeria as part of ongoing efforts to strengthen service delivery and expand access to essential care. The announcement was made by Muhammad Ali Pate, Coordinating Minister of Health and Social Welfare, during the 14th Ministerial Oversight Committee meeting held in Abuja. The funds will be released under the Basic Health Care Provision Fund (BHCPF), a key financing mechanism for improving grassroots healthcare. Pate explained that the approval follows newly updated reform guidelines aimed at repositioning primary healthcare delivery nationwide. He added that the government is…
Author: Elvis Eromosele
Nigeria is ramping up its health sector funding, with the Federal Government committing $346 million in co-financing for HIV, tuberculosis, and malaria programmes in 2026 as part of efforts to strengthen the country’s disease response systems. The disclosure was made by Muhammad Ali Pate, Coordinating Minister of Health and Social Welfare, during the national launch of Lenacapavir, a long-acting injectable for HIV prevention, in Abuja. The funding, approved by Bola Ahmed Tinubu, is expected to be captured in the 2026 national budget. Pate said the allocation reflects Nigeria’s growing shift toward domestic financing of critical health programmes amid tightening global…
Meta Platforms has been ordered to pay $375 million after a jury found the social media giant violated consumer protection laws by misleading users about the safety of its platforms and failing to adequately protect children. The verdict, delivered in New Mexico, marks the first time a jury has ruled against the company on claims linked to child safety and exploitation risks. The case, filed by the state’s attorney general, accused Meta of falsely portraying platforms such as Facebook, Instagram, and WhatsApp as safe for young users despite known risks. The jury concluded that the company engaged in unfair and…
The University of Lagos (UNILAG) has officially lifted its decade-long suspension of student union activities, inaugurating a new leadership team headed by Bolaji Akinpelu. The swearing-in ceremony, held at Tayo Aderinokun Hall, was presided over by Folasade Ogunsola, Vice-Chancellor, marking a significant step in restoring student representation on campus. The development brings an end to a 10-year hiatus that began in 2016 when the university suspended the Students’ Union following protests that escalated into violence and property damage. Dean of Students’ Affairs, Prof. Johnson Agunsoye, described the inauguration as a major milestone, noting that it signals the beginning of a…
Airtel Africa and SpaceX have successfully tested Starlink-powered mobile services in Kenya, marking a major step toward expanding connectivity to areas without traditional network coverage. The trial, announced by Airtel Africa CEO Sunil Taldar, demonstrates the viability of satellite-to-mobile technology that allows users to connect directly to satellites using standard smartphones. According to the company, the test was conducted in locations with no terrestrial network signal, where 4G-enabled devices connected directly to Starlink satellites. The service supported light data usage, including messaging, app-based voice calls, navigation, and mobile financial services, ensuring connectivity even in remote areas. The Kenya trial is…
OpenAI has shut down its Sora video-generation tool, abruptly ending a planned $1 billion partnership with The Walt Disney Company in a move that signals a major strategic shift. The decision was announced by the Sora team, confirming the discontinuation of the AI video platform just over a year after its launch. Reports indicate that Disney executives were informed of the shutdown shortly after a meeting with OpenAI, highlighting the sudden nature of the decision. While Disney said it respects OpenAI’s move, the company noted it remains open to future collaborations in other areas. The shutdown reflects OpenAI’s broader shift…
The Transmission Company of Nigeria (TCN) has demolished residential and commercial buildings encroaching on a major transmission corridor in Kaduna State as part of efforts to safeguard the national grid. The enforcement exercise took place along the Kudenda axis of the Mando-Mando 330kV double circuit transmission line, in collaboration with the Kaduna State Urban and Regional Planning Agency and security agencies. According to TCN, the demolition was necessary to enforce compliance with the statutory Right-of-Way (RoW) and prevent risks to critical electricity infrastructure. The company said the affected structures were illegally built within the designated corridor for the Kudenda–Mando transmission…
Nigeria will require about $345 million annually to tackle its growing out-of-school children crisis, according to Tunji Alausa, the Minister of Education. Speaking at a private sector education forum in Lagos, the minister said the funding estimate reflects the cost of reintegrating and equipping an estimated 15 million out-of-school children with essential skills. Alausa noted that the challenge remains significant nationwide, with about one in four children aged 5-14 out of school. The situation is more severe in the North-East and North-West, where the figure rises to over two-fifths. He stressed that while reforms are ongoing, Nigeria still faces a…
CWG Plc has reported a strong financial performance for 2025, with pre-tax profit rising by 78.4 per cent to N7.8 billion, driven by robust revenue growth across its core business segments. According to its audited results filed on the Nigerian Exchange, the company’s revenue climbed to N65.5 billion, marking a 41.4 per cent year-on-year increase. A breakdown of revenue shows IT infrastructure services led earnings at N23.5 billion, followed by software sales at N21.3 billion, while managed support services contributed N18.7 billion. The strong top-line growth translated into a gross profit of N15.9 billion, up 61.1 per cent from the…
LAPO Microfinance Bank has launched a N10 billion five-year fixed-rate bond, offering investors yields of up to 20 per cent as it taps the domestic capital market to fund growth and deepen financial inclusion. The issuance, under its N30 billion Debt Issuance Programme, opened on March 23, 2026, and is scheduled to close on April 1, 2026. The bond, issued through LAPO Funding SPV Plc, is a five-year senior unsecured instrument with: Coupon range of 19.00 per cent – 20.00 per cent per annum (to be finalised after book building) Semi-annual interest payments Bullet repayment, with principal repaid at maturity…