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King Charles Strips Prince Andrew of Remaining Titles, Orders Him to Leave Royal Lodge

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King Charles Strips Prince Andrew of Remaining Titles, Orders Him to Leave Royal Lodge

Buckingham Palace has confirmed that King Charles III has formally removed Prince Andrew’s remaining royal titles and directed him to vacate his residence at the Royal Lodge on the Windsor Estate.

The move comes amid renewed public scrutiny surrounding Prince Andrew’s past association with the late U.S. financier and convicted sex offender Jeffrey Epstein. Although the Duke of York continues to deny all allegations linked to the controversy, the decision marks the latest step in the royal family’s effort to distance itself from the ongoing fallout.

According to the Palace statement, Prince Andrew will relocate to a private residence on the Sandringham Estate, a property also owned by the royal family.

This latest development follows previous disciplinary measures taken against the Duke, including the withdrawal of his public duties and the loss of his honorary military titles in 2022. The Palace reiterated that the King’s decision aligns with his broader commitment to maintaining the integrity and accountability of the monarchy.

Federal Government Launches Nationwide ‘Tax Reform Challenge’ for Students

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The Federal Government of Nigeria has officially launched the Tax Reform Challenge, a nationwide competition aimed at engaging students across tertiary institutions in creative discussions surrounding the country’s ongoing tax reform initiatives.

The announcement was made on Friday by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, via his official X (formerly Twitter) handle.

According to Oyedele, the competition is designed to raise public awareness, promote tax education, and encourage youth-led dialogue on Nigeria’s evolving fiscal landscape. He noted that the initiative aligns with the committee’s broader vision of fostering transparency, accountability, and inclusiveness in tax policy development.

“The goal is to deepen public understanding of the new tax framework while giving young Nigerians a voice in shaping fiscal reform discussions,” Oyedele stated. He emphasized that students will be encouraged to propose innovative ideas and practical solutions that can improve tax administration and enhance revenue generation without stifling business growth.

The Tax Reform Challenge will reportedly feature essay submissions, debates, and creative presentations, with prizes and recognition for outstanding participants. It forms part of the committee’s ongoing efforts to bridge the communication gap between policymakers and citizens, especially the younger demographic that represents Nigeria’s future workforce and taxpayers.

Further details on participation guidelines, eligibility, and submission timelines are expected to be released in the coming days through the committee’s official communication channels.

Tanzania’s Samia Suluhu Hassan Wins Second Term Amid Deadly Protests and Opposition Crackdown

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Tanzania’s National Electoral Commission has declared President Samia Suluhu Hassan the winner of the country’s presidential election, granting her a second term in office with nearly 98 percent of the vote.

The landslide victory, however, has been marred by widespread unrest and accusations of repression. Several of Hassan’s main challengers were either jailed or disqualified ahead of the polls, fueling allegations from opposition parties that the election was neither free nor fair.

Since Wednesday, violent protests have erupted across major cities, with opposition groups claiming that hundreds of people have been killed by security forces. Multiple foreign diplomats have described the reports of mass casualties as credible, though the Tanzanian government has yet to release any official figures or confirm fatalities.

Hassan, who first became president in 2021 following the death of John Magufuli, campaigned on a platform of stability and economic growth. Her ruling party, Chama Cha Mapinduzi (CCM), has maintained an unbroken grip on power for more than 60 years, making it one of Africa’s longest-ruling political movements.

International observers have expressed concern over the conduct of the vote and the escalating violence, warning that Tanzania’s democratic credibility may be at risk unless transparency and accountability are restored in the post-election process.

How Nigerian Fintech Founder Sulaiman Adewale Turned a Personal Struggle into Xara — a WhatsApp-Based Payment Innovation Bringing Simplicity to Everyday Transactions

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When Sulaiman Adewale sat at the supermarket checkout feeling the blur of numbers on a print-out—his short-sightedness making a routine payment stumble—he didn’t just shrug. He began building a payment system aimed at removing that friction. “My short-sightedness was the trigger,” Adewale says, adding that the real thrust behind the idea was simple: accessibility and convenience.

From frustration to solution: building for everyone

Adewale’s starting point was this: many people find digital payments harder than they need to be—not because they aren’t smart, but because the tools assume too much. He says: “I started working on Xara because I wanted a very simple payment system that works even for people who are not very tech-savvy.”

And when it came to where that system should live, he didn’t over-engineer it: “My approach wasn’t about marketing strategy. Built on WhatsApp wasn’t because it was trendy—it was common sense. WhatsApp is the platform where almost everybody is already.” He emphasises: “I’m a proponent of taking technology to the people. I don’t want people to have to download anything unless they have to. The people I believe would love this product are already there.”

What Xara is and how it works

Launched in June 2025, Xara is a WhatsApp-based AI-powered assistant that allows users in Nigeria to send money, pay bills and manage transactions simply by chatting.  Instead of switching apps, navigating menus or forms, users send natural-language text or voice commands in the WhatsApp chat with Xara. It even supports images (for example snapping an account number) and voice notes.  The bot currently understands English and Nigerian Pidgin; local languages like Hausa and Yoruba are on the roadmap.  To get started, a user adds Xara’s WhatsApp number, completes onboarding, receives a virtual account number via partner bank (for example 9 Payment Service Bank), links a funding source and all done. 

Early traction and significance

Within weeks of its launch, Xara registered thousands of users and processed significant volume: over ₦135 million (≈ USD 88,200) within its first two weeks.  The platform reports tens of thousands of registered users and thousands of daily active users.  What the metrics hint at is less about flashy growth and more about the promise of closing a real gap: Nigeria’s large population that finds traditional fintech apps too clunky or intimidating. According to Central Bank of Nigeria data, over 28 million Nigerians remain financially excluded.  By building into WhatsApp—already familiar and widespread—the barrier to entry drops.

Challenges and what lies ahead

Adewale is candid about hurdles. He says building trust in a “low-trust industry” like fintech in Nigeria is a marathon. He points out that many users start with small amounts (₦1,000, then ₦5,000) before ramping up as they gain confidence.  Security and regulatory compliance are front of mind: the product uses WhatsApp’s end-to-end encryption, offers a 4-digit PIN for transactions, and leverages its banking partner’s licence rather than yet holding its own.  On the scaling front, Adewale hopes to raise seed funding, secure more licences, and expand into other African countries where WhatsApp is dominant. 

Why this matters

For media strategist / consultant minds like yours (just noting, since you work in media/PR), Xara’s story offers a few angles:

  • Simplicity as differentiator: In a landscape saturated with apps, a “no-download, chat-only” proposition stands out.
  • Built from lived experience: The founder’s micro-moment—short sight making payments harder—gives the product an authentic origin.
  • Platform leverage: Choosing WhatsApp wasn’t just convenience—it’s tapping into behaviour and context instead of asking the user to change it.
  • Inclusion focus: The older adult segment and low-digital-literacy audience are frequently overlooked; this product intentionally addresses them.
  • Narrative richness: There’s tension (exclusion vs access), simplicity vs complexity, local language support vs tech grandeur. These make for strong story hooks.

 

NIGERIA IS STILL TAKING BABY STEPS TOWARDS DEMOCRACY —ADEWOLE ADEBAYO

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The 2023 Presidential Candidate under the Social Democratic Party (SDP), Prince Adewole Adebayo, has said the country is yet to attain true democracy, describing the current system as civil rule rather than a genuine democratic order.

Prince Adebayo made this known on Friday while featuring on Frontline, a current affairs programme on Eagle 102.5 FM, Ilese-Ijebu, where he shared his thoughts on Nigeria’s political evolution, national stability, and the country’s slow democratic progress since 1999.

According to the SDP chieftain, Nigeria is only taking its first steps in the democratic journey, a phase he likened to that of a newborn learning to walk.

“The Nigerian democracy hasn’t come yet. What we have is civil rule; we are working towards democracy. We are taking baby steps, and we are falling from time to time,” he said.

Adebayo explained that while Nigeria has left behind military rule, the nation has yet to embrace the principles that make democracy thrive free and fair elections, rule of law, and prosperity for citizens.

He argued that true democracy cannot coexist with widespread poverty.

“Democracy and poverty do not go hand in hand,” he noted. “A poor nation cannot be truly democratic because hunger makes people vulnerable to manipulation. Nigeria must create abundant living conditions before we can say we are practicing democracy.”

Prince Adebayo expressed concern that most Nigerian leaders are fixated on the privileges of office rather than the responsibilities that come with governance.

“Our leaders enjoy power, and when people enjoy power, they don’t want to lose it. But they don’t know that the ultimate power is in freedom,” he said.

He attributed the country’s leadership failures to a lack of reflection and purpose among those in authority. According to him, many leaders have forgotten their humble beginnings and divine purpose, choosing instead to indulge in material accumulation.

“Our leaders have three problems,” he said. “They are consumed by excessive greed, they fail to reflect on their life’s purpose, and they seek power without responsibility. Power without reflection becomes dangerous because it blinds them to their duty.”

Adebayo added that the inability of Nigerian leaders to exercise moderation in the use of power has deepened political instability across the country.

On the New INEC Chairman: ‘I Expect Nothing’

Reacting to the appointment of Joash Amupitan, the new Chairman of the Independent National Electoral Commission (INEC), the SDP standard-bearer said he had no expectations, describing the process that brought him into office as “routine and unreflective.”

“I’m not expecting anything, so I don’t have stomach ulcer,” Adebayo said wryly. “He was appointed routinely and approved routinely. The only thing I can offer him is prayer — that he remembers the values his mother instilled in him: do not lie, do not support evil, and do what is right.”

The lawyer and former presidential candidate observed that the National Assembly failed to conduct a thorough screening process that could inspire public trust.

“How do you clear someone who will preside over our electoral future in just two hours?” he asked. “There should have been a proper public hearing where Nigerians could give feedback. That way, the appointee himself would understand the seriousness of the job.”

Adebayo added that the casual handling of constitutional processes has made Nigerians lose faith in public institutions. He said he prays for both President Bola Tinubu and the new INEC boss to act with conscience and avoid confusion that could harm the country.

Presidential Pardon Misused

On the recent controversies surrounding presidential pardons, Adebayo criticized the approach adopted by the current administration, describing it as careless and lacking moral reflection.

“The problem is not that the President has no power to pardon people. The problem is that he has not thought deeply about why that power was given to him,” he said.

He explained that presidential pardons are meant to correct failures within the justice system, address cases of rehabilitation, or ease societal tensions — not to reward political connections.

“It’s not meant for frivolities or playing games,” he stressed. “When the President assigns such sensitive duties to aides who lack discernment, they begin to add all sorts of names to the list. That’s why Nigerians are losing faith because excellence has disappeared from decision-making.”

He urged the Presidency to handle such constitutional powers with greater accountability and sensitivity, warning that misusing them could send the wrong signal that crime pays when one has access to power.

On Nnamdi Kanu and Omoyele Sowore’s Protest

When asked about activist and fellow 2023 presidential candidate Omoyele Sowore’s call for protests to demand the release of Nnamdi Kanu, Adebayo acknowledged Sowore’s sincerity but disagreed with his approach.

“Omoyele Sowore is mostly and almost always genuine,” Adebayo said. “But being genuine doesn’t mean you’re correct. A man can sincerely point you in the wrong direction.”

He noted that while Sowore’s activism stems from genuine concern for justice, the complexities of Kanu’s case require careful legal and political handling.

On the federal government’s handling of the Indigenous People of Biafra (IPOB) agitation, Adebayo said the matter reflects the disjointed nature of the Nigerian state, where political, security, and judicial institutions often act in isolation.

“There are different parts of the federal government the political, the law enforcement, and the judiciary,” he explained. “Each must play its role responsibly. But in Nigeria, we often see conflict and confusion among these arms, which only worsens public distrust.”

Prince Adebayo said Nigeria’s democratic progress depends on leaders who think deeply about their calling and govern with humility.

“The presidency is a serious office the highest in the land,” he said. “That is why we call the President His Excellency. But there must be excellence in thinking, not just in title.”

He maintained that unless Nigeria reconnects governance with public welfare, democracy will remain distant and fragile.

“People want to be in power but not take responsibility. Until that changes, Nigeria will keep taking baby steps towards true democracy,” he said.

Sterling Financial Holdings Reports 141% Surge in Nine-Month Profit, Driven by Strong Interest Income and Efficiency Gains

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Sterling Financial Holdings Company Plc has announced a solid financial performance for the third quarter of 2025, posting significant year-on-year growth in both profit and revenue streams.

According to the company’s unaudited financial statements released on Thursday, profit before tax (PBT) rose to ₦25.4 billion in Q3 2025, more than doubling the ₦12.07 billion recorded in the same period last year. Profit after tax (PAT) also climbed sharply to ₦20.5 billion, representing an 83.5% year-on-year increase, buoyed by strong interest income and improved operational efficiency.

For the nine-month period ending September 30, 2025, Sterling reported a 141% year-on-year surge in profit before tax, rising to ₦70.96 billion from ₦29.4 billion a year earlier. Profit after tax for the same period also soared to ₦62.2 billion, up from ₦27.4 billion in 2024.

The financial holding company attributed its impressive results to sustained growth in its core banking business, strategic cost management, and diversification across its key subsidiaries.

Market analysts view Sterling’s performance as a reflection of disciplined execution and a stronger earnings base, positioning the group for continued profitability amid a challenging macroeconomic environment.

The company is expected to release detailed segment results in the coming weeks, providing further insight into the performance of its banking, investment, and asset management divisions.

U.S. Ends Automatic Work Permit Extensions for Immigrants, Citing National Security Concerns

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The U.S. Department of Homeland Security (DHS) has announced a major policy change ending the automatic extension of Employment Authorization Documents (EADs) for immigrants renewing their work permits under certain categories. The agency said the decision aligns with its commitment to strengthening national security and public safety through enhanced background checks.

Under the new rule, immigrants who file to renew their EADs on or after October 30, 2025, will no longer receive automatic extensions of their work authorization while their renewal applications are pending. Instead, each renewal applicant will undergo a full vetting process before DHS grants an extension.

“With this rule, DHS prioritizes the proper screening and vetting of aliens before extending the validity of their employment authorizations,” the agency said in an official statement.

The department explained that the change will allow U.S. Citizenship and Immigration Services (USCIS) to conduct more frequent and thorough reviews of applicants, helping to detect fraud and identify individuals who may pose security risks before they are cleared to work in the United States.

DHS, however, clarified that limited exceptions will remain in place. These include automatic extensions provided by law or those announced in Federal Register notices, particularly for individuals under Temporary Protected Status (TPS).

The move represents a significant shift from the previous policy, which allowed certain categories of noncitizens — including asylum seekers, refugees, and some visa holders — to continue working legally while their renewal applications were being processed.

Critics have expressed concern that the change could lead to employment gaps and uncertainty for lawful immigrants awaiting permit renewals, while supporters argue it reinforces national security safeguards and ensures a more controlled vetting system.

The DHS said it will continue reviewing its immigration procedures to balance security measures with fair and efficient processing for eligible immigrants.

Wema Bank Posts ₦146.4 Billion Profit Before Tax for Nine Months, Up 142% Year-on-Year

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Wema Bank Plc has reported a robust financial performance for the nine months ended September 30, 2025, recording a profit before tax (PBT) of ₦146.44 billion, a 141.58% increase from ₦60.62 billion in the same period last year.

The impressive growth, disclosed in the bank’s unaudited financial statements filed with the Nigerian Exchange (NGX) on Thursday, underscores Wema Bank’s strengthened earnings capacity and operational resilience amid persistent macroeconomic challenges and rising cost pressures.

According to the report, the lender’s strong showing was driven by improved interest income, enhanced cost efficiency, and strategic balance sheet management. The bank also posted growth across other key financial indicators, reflecting its sustained focus on innovation, digital expansion, and customer-centric banking solutions.

Wema Bank, which has positioned itself as a leader in Nigeria’s digital banking space through its ALAT platform, continues to leverage technology and agile banking models to deepen market penetration and profitability.

Analysts say the bank’s performance signals improved efficiency in asset utilization and a growing contribution from its non-interest income streams, despite inflationary headwinds and tightening monetary conditions.

The lender is expected to release its full-year audited results in early 2026, offering further insight into its performance trajectory and strategic priorities.

African Airlines See 5.3% Growth in International Passenger Demand in September — IATA

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African airlines recorded a 5.3% year-on-year increase in international passenger demand in September 2025, reflecting steady recovery across the continent’s aviation sector, according to the International Air Transport Association (IATA).

The IATA’s September 2025 global air travel report showed that Africa’s load factor — a key measure of seat occupancy — rose slightly to 74.7%, up 0.1 percentage points from the same period in 2024. The improvement was supported by a 5.1% expansion in capacity, which refers to the total number of available seats for sale.

The modest rise in load factor suggests that demand growth slightly outpaced capacity, signaling efficient route optimization and stronger passenger volumes, particularly on intra-African routes and business and leisure travel corridors connecting major regional hubs.

“African airlines saw a 5.3% year-on-year increase in demand. Capacity was up 5.1% year-on-year. The load factor was 74.7% (+0.1 ppt compared to September 2024),” the IATA report noted.

The data underscores a broader post-pandemic recovery trend in international air travel, with African carriers steadily regaining traffic levels amid rising connectivity and tourism demand.

On a global scale, IATA reported that total passenger demand grew by 3.6% in September 2025 compared to a year earlier, while capacity rose 3.7%. The global load factor stood at 83.4%, slightly lower by 0.1 percentage points year-on-year.

International demand globally was up 5.1%, with capacity up 5.2%, maintaining a high load factor of 83.6%, while domestic markets posted modest gains of 0.9% in demand and 1.1% in capacity, achieving a load factor of 83.0%.

IATA said the figures point to “continued resilience in passenger travel demand” despite economic pressures, with the strongest growth coming from regions like Africa, the Middle East, and Asia-Pacific where cross-border connectivity continues to expand.

The New Gold: How Nigeria’s Non-Oil Export Sector Is Rewriting the Nation’s Economic Story

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There comes a moment in every nation’s journey when the old engines of prosperity begin to falter and for Nigeria, that moment has arrived.

For decades, crude oil defined the rhythm of the economy, dictating the nation’s fortunes and failures alike. But as global energy transitions accelerate, prices fluctuate, and local production struggles under infrastructural and governance challenges, the once-reliable oil lifeline now offers diminishing returns.

Nigeria’s new wealth story is no longer written in barrels — it’s being measured in bags of cocoa, tons of lithium, containers of sesame, and megabytes of digital exports.

The Turning Point

Economists have long argued that Nigeria’s path to lasting prosperity lies beyond oil. Agriculture, solid minerals, manufacturing, and the fast-growing digital economy form the backbone of a diversified economic future — one that can withstand global shocks and domestic fiscal pressures.

Encouragingly, that future is no longer theoretical. The numbers are starting to prove it.

According to the Nigerian Export Promotion Council (NEPC), Nigeria earned $1.791 billion from non-oil exports in the first quarter of 2025, a 24.75% increase from the same period in 2024. That growth is not just about raw materials — it’s about the emergence of a new ecosystem built on value addition, trade financing, and modern logistics.

Behind this shift lies a network of institutions quietly powering the transformation — and one name keeps surfacing at the center of it all: Zenith Bank.

The Institution Behind the Movement

Over the past five years, Zenith Bank Plc has solidified its role as the single largest financial catalyst for Nigeria’s non-oil export expansion, commanding nearly 40% of the sector’s total transaction value.

From cocoa farms in Ondo, cashew plantations in Kogi, and lithium mines in Nasarawa, to fertilizer producers and processed food exporters across the nation, Zenith Bank’s footprint runs deep.

The bank provides the financial infrastructure that keeps exports moving — facilitating foreign exchange inflows, managing export proceeds, and ensuring compliance with international trade and anti-money-laundering standards.

Its digital platforms have simplified export documentation and remittance tracking, empowering both large-scale exporters and small businesses eager to reach new markets.

The Engine of Dollar Inflows

In the last three years, Zenith Bank has processed more than $6 billion in export remittances — a milestone that cements its position as Nigeria’s No. 1 Export-Remittance Bank.

This consistent inflow of foreign exchange provides more than liquidity; it offers stability to the broader economy at a time when the Central Bank of Nigeria (CBN) is working to rebuild reserves and strengthen the naira.

By prioritizing export financing and trade-facilitation products, Zenith Bank has not only bridged gaps in funding but also helped Nigerian exporters compete globally — from agricultural produce and solid minerals to processed foods and petrochemical by-products.

Beyond Oil, Toward Ownership

What’s unfolding is more than an economic adjustment — it’s a cultural and generational shift. A new class of Nigerian entrepreneurs, agribusinesses, and manufacturers are proving that the nation can earn its place in the global economy through innovation, not extraction.

Non-oil exports are fast becoming Nigeria’s new gold — and institutions like Zenith Bank are the refineries turning that raw potential into real prosperity.

The journey beyond oil is still in motion, but for the first time in decades, the path forward feels self-made — not oil-made.