Home Blog Page 58

Nigeria Raises Concerns Over Exclusion from UN Event on Alleged Killings of Christians

0

New York, USA – Nigeria has expressed concerns over its exclusion from a United Nations event organized by US rapper Nicki Minaj in collaboration with the US Permanent Mission, which focused on alleged killings of Christians in the country.

The Nigerian Permanent Mission to the UN described the exclusion as restricting the country’s ability to present its official perspective on the issue. Nigerian officials emphasized the importance of participating in global discussions concerning security and human rights, particularly when national interests and narratives are at stake.

The development comes amid ongoing international attention on violence affecting religious communities in Nigeria, highlighting the challenges of diplomatic engagement in forums shaped by external organizers.

 

NCAA Fines Qatar Airways N5 Million for Consumer Protection Violations

0

Abuja, Nigeria – The Nigerian Civil Aviation Authority (NCAA) has imposed a N5 million penalty on Qatar Airways for breaches related to consumer protection, signaling a stricter regulatory approach toward airlines operating in the country.

The announcement was made by Michael Achimugu, NCAA’s Director of Public Affairs & Consumer Protection, on X (formerly Twitter). He stated:

“Glad to announce that, today, the NCAA has sanctioned @qatarairways to the tune of five million naira for consumer protection-related infractions. In addition, the letters of investigation (LOI) written to the airline over other cases may lead to further sanctions if not treated satisfactorily.”

The penalty underscores the NCAA’s commitment to protecting air travelers’ rights and ensuring compliance with industry regulations. It also serves as a warning to other carriers to uphold high standards in passenger services and consumer relations.

Experts Warn Nigeria’s Public Debt Is Approaching Unsustainable Levels

0

 

Lagos, Nigeria – Nigeria’s public debt is edging toward potentially unsustainable levels, capital market specialists have warned during the Capital Market Academics of Nigeria (CMAN) Q4 2025 Virtual Symposium held on November 15.

While official figures indicate that the country’s debt-to-GDP ratio remains within globally accepted thresholds, analysts cautioned that the debt trajectory is increasingly fragile. Factors driving concern include weak revenue generation, rising debt servicing costs, and persistent structural inefficiencies in the economy.

Experts emphasized the need for prudent fiscal management, enhanced revenue mobilization, and strategic borrowing to prevent the debt from compromising economic stability. They also highlighted that without corrective measures, debt obligations could crowd out critical investments in infrastructure and social programs.

The symposium provided a platform for policymakers, academics, and market operators to discuss strategies for sustainable debt management and fiscal resilience amid challenging economic conditions.

 

Exxon Mobil and Chevron Explore Acquisitions of Lukoil’s International Assets

0

New York, USA – Exxon Mobil has joined Chevron in exploring potential acquisitions of parts of Lukoil’s international assets, following approval from the U.S. Treasury for companies to enter talks with the sanctioned Russian oil firm.

Lukoil’s global portfolio includes refineries, oilfields across multiple continents, and extensive fuel retail operations, making it a highly strategic target for major international energy players.

The move signals renewed interest from U.S. oil majors in expanding their global footprint, particularly in high-value upstream and downstream operations, even as geopolitical and regulatory considerations continue to shape cross-border energy transactions.

Industry analysts note that any acquisition could reshape global energy markets and enhance U.S. oil companies’ access to diversified production and refining capacities.

 

Lagos State Bonds Oversubscribed, Signaling Strong Investor Confidence

0

Lagos, Nigeria – The Lagos State Government has reported overwhelming investor interest in its recent bond issuances, with both conventional and green bonds significantly oversubscribed.

According to an update on the state’s X (formerly Twitter) handle, the N200 billion conventional bond, issued in early November 2025, recorded 55% oversubscription, attracting total bids of N310 billion. Meanwhile, the N14.8 billion Green Bond, intended to fund climate-related projects, was 97.7% oversubscribed, drawing total bids of N29.29 billion.

The government highlighted that the Green Bond is the first of its kind issued by a sub-national government in Nigeria, while the conventional bond represents the largest ever issued by a non-corporate sub-national entity in the country.

Proceeds from both bonds are earmarked for projects under the THEMES+ Agenda, focusing on transportation, healthcare, education, and environmental sustainability, aimed at enhancing public services and supporting long-term development across Lagos State.

The strong response from investors underscores growing confidence in sub-national infrastructure financing and Lagos State’s capacity to deliver on its development priorities.

L

China’s Battery Exports to Nigeria Surge Amid Record Global Demand

0

Beijing/Lagos – China’s exports of batteries and Battery Energy Storage Systems (BESS) to Nigeria have surged as global demand reaches record levels.

New data reveals a 24% increase in Chinese battery shipments in 2025, with 114 countries, including Nigeria, purchasing over $10 million worth of batteries and BESS each. The growth reflects the rising adoption of renewable energy solutions, electric vehicles, and large-scale energy storage systems worldwide.

Industry analysts note that Nigeria’s increasing imports are linked to expanded renewable energy projects, off-grid power solutions, and industrial energy storage initiatives, highlighting the country’s growing role in Africa’s clean energy transition.

China remains a dominant global supplier of battery technology, with its exports helping to meet both domestic and international energy storage needs amid a rapidly evolving energy landscape.

Poland Announces New Wage Requirements for 2026, Affecting Local and Foreign Workers

0

Warsaw, Poland – Polish authorities have introduced new wage requirements that will impact both local employees and foreign workers holding certain permit types, effective January 1, 2026.

The changes include:

•Monthly minimum salary: PLN 4,806, up from PLN 4,666

•Minimum hourly rate: PLN 31.40, up from PLN 30.50

These adjustments apply to Polish workers as well as foreigners employed under Work Permits and Single Permits. Authorities clarified that some categories, including the EU Blue Card and the Intra-Company Transfer (ICT) Permit, operate under separate salary frameworks and are not affected by the new thresholds.

The update is part of Poland’s ongoing effort to ensure fair wages, protect workers’ rights, and align employment conditions with rising living costs, while continuing to attract skilled international labor under structured permit systems.

Miss Namibia Organisation Launches Legal Response to Online Hate Targeting Johanna Swartbooi

0

Windhoek, Namibia — The Miss Namibia Organisation has announced that it is consulting with legal counsel after reigning Miss Namibia, Johanna Swartbooi, became the target of a wave of racist and tribalist online harassment while competing at the Miss Universe pageant in Thailand.

In a statement, the organisation’s CEO, Umbi Karuaihe-Upi, condemned the “disgusting and unprecedented” attacks on Swartbooi, calling them “not only tribalist and cyberbullying, but also racist and a defamation of character.” 

“Johanna has her civil liberties and is fully protected by the laws of this country with regards to racism and defamation of character,” Upi said, adding that the organisation is working with lawyers and will “address it in due course.” 

Support from the Miss Namibia Sisterhood

Former Miss Namibia titleholders have rallied around Swartbooi, strongly denouncing the online backlash.  Among them, Miss Universe Namibia 2021, Chelsi Shikongo, described the criticism as an expression of tribalism and called for national solidarity.

“She’s already dealing with a lot … seeing such comments can break you down,” Shikongo said, calling for a kinder and more supportive online environment. 

Legal Protections and National Implications

Upi emphasised that Swartbooi’s rights are protected under Namibian law, citing defamation and anti-racial provisions.  Namibian legal experts note that defamation is recognized under common law and can also be criminal, while laws such as the Communications Act and the Criminal Procedure Act provide recourse for cyberbullying, hate speech, and online harassment. 

Government and Public Reaction

The issue has drawn attention beyond the pageant world. Emma Theofelus, Namibia’s Minister of Information and Communication Technology, has publicly addressed the problem of tribal discrimination online. She referenced growing online tribalist attacks and expressed concern about the long-term consequences of normalizing prejudice. 

In response, her ministry launched an “Ethical Use of Social Media” campaign aimed at curbing cyberbullying, promoting respectful discourse, and addressing racial discrimination on digital platforms. 

Focus Remains on Pageant Journey

Despite the backlash, Miss Namibia Organisation says Swartbooi is well-supported by her family and pageant leadership. Upi said they are maintaining a “positive focus” on her performance at the Miss Universe contest.  According to Upi, Swartbooi remains mentally strong and is determined to compete with pride.

The Miss Universe crowning ceremony is scheduled for Friday. 

 

President Tinubu: Africa’s Integration Must Deliver Real Results, Not Rhetoric

0

President Bola Ahmed Tinubu says Africa’s push for deeper economic integration will only be meaningful if it produces measurable, everyday improvements for traders, manufacturers, and logistics operators across the continent.

Speaking on Monday at the opening of the Customs Pact – Partnership for African Cooperation in Trade, the President—represented by Vice President Kashim Shettima—warned that the success of continental cooperation will not be judged by diplomatic statements but by practical outcomes that strengthen trade and competitiveness.

Integration Must Move Beyond Words

Tinubu said the continent must shift from policy declarations to implementation-driven reforms that directly improve cross-border commerce.

“Success will be judged not by communiqués but by real outcomes: shorter border-crossing times, reliable local-currency settlements, and efficient movement of goods across borders and ports,” he said.

He emphasized that Africa cannot build resilient industries or withstand global economic shocks while operating fragmented markets that limit scale and productivity.

Trade Must Work for Everyday Africans

The President stressed that the benefits of integration must be felt in the daily activities of the people powering Africa’s economy—transporters, SMEs, farmers, and manufacturers—not just in conference halls.

“Our vision must translate from conference halls to the daily experiences of traders, manufacturers, logistics operators and farmers,” he noted.

A Call for Coordinated Action

Tinubu urged customs authorities, regulators, and policymakers across the continent to work together to reduce bottlenecks, harmonize procedures, and modernize border operations in a way that aligns with the goals of the African Continental Free Trade Area (AfCFTA).

The Customs Pact summit continues discussions on trade facilitation, regional cooperation, and the modernization of customs systems to support Africa’s economic ambitions.

 

FAAN Confirms Ongoing Rehabilitation of Six Airports, Multiple Runways Nationwide

0

The Federal Airports Authority of Nigeria (FAAN) has confirmed that six airports and several runways across the country are currently undergoing government-funded rehabilitation as part of a broad push to upgrade aviation infrastructure and improve operational efficiency.

The disclosure was made at the 2025 FAAN National Aviation Conference, where the agency outlined ongoing projects designed to modernise terminals, strengthen safety systems, and position airports for increased private-sector investment.

Major Rehabilitation Works Underway

FAAN said the upgrades span a range of critical infrastructure, including:

  • Terminal modernisation projects to improve passenger handling and operational flow
  • Runway rehabilitation and resurfacing to enhance safety and reduce aircraft maintenance risks
  • Expansion of cargo and logistics facilities to support Nigeria’s growing agro-export and freight sectors
  • Preparatory works for future public–private partnerships (PPPs) aimed at unlocking additional investment and expanding airport capacity

Boosting Safety, Capacity, and Long-Term Viability

According to the agency, the scope of the rehabilitation reflects the government’s commitment to strengthening Nigeria’s aviation ecosystem, ensuring compliance with international safety standards, and supporting economic growth through improved connectivity.

FAAN added that the ongoing upgrades will not only enhance passenger experience but also improve airline operations, reduce delays, and position Nigeria as a stronger regional aviation hub.

More details on specific airports and timelines are expected as project phases advance.