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  • Customs Extends Fast-Track Scheme Deadline for Importers

    Customs Extends Fast-Track Scheme Deadline for Importers

    Photo Credit:Punch Newspapers

    The Nigeria Customs Service has extended the deadline for importers participating in its fast‑track cargo clearance scheme to January, offering more time to regularise documentation and obligations. The initiative, which grants compliant traders accelerated clearance, is part of reforms to decongest ports and improve the ease of doing business.

    Customs spokesperson Abdullahi Maiwada said the extension followed appeals from operators and aims to prevent disruptions to supply chains during the festive season. He added that only importers with strong compliance records will continue to benefit, reinforcing the link between regulatory discipline and trade facilitation.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Dangote Unveils N1tn Education Fund for 1.3 Million Students

    Dangote Unveils N1tn Education Fund for 1.3 Million Students

    Photo Credit:Punch Newspapers

    Africa’s richest man, Aliko Dangote, has announced a N100‑billion‑per‑year education initiative that will run for 10 years and support about 1.3 million Nigerian students across all 774 local government areas. The scheme, under the Dangote Education Fund, will cover undergraduates, technical students and secondary‑school girls, with special focus on STEM and areas with high out‑of‑school rates.

    The programme includes scholarships, tools for technical trainees and large‑scale teacher‑training support, backed by a digital, merit‑based verification and disbursement system. Dangote said he is committing a significant portion of his personal wealth to the foundation, while government officials hailed the initiative as a major boost for human‑capital development.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Nigeria Issues First Gas Trading Licence to Deepen Market Liquidity

    Nigeria Issues First Gas Trading Licence to Deepen Market Liquidity

    Photo Credit:Punch Newspapers

    The Federal Government has approved the country’s first gas trading licence aimed at boosting liquidity and transparent pricing in the domestic gas market. The Nigerian Midstream and Downstream Petroleum Regulatory Authority said the new framework will allow licensed entities to aggregate and trade gas volumes across multiple contracts and buyers.

    Officials believe the regime will attract fresh investments into gas infrastructure, enhance market competition and support power generation, industries and household consumption. The step also aligns with Nigeria’s gas‑as‑transition‑fuel strategy and broader plans to diversify revenues away from crude oil.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • PZ Cussons Suspends Africa Exit Plan, Bets on Nigeria’s Recovery

    PZ Cussons Suspends Africa Exit Plan, Bets on Nigeria’s Recovery

    Photo Credit:Punch Newspapers

    Consumer goods giant PZ Cussons has withdrawn its earlier plan to exit Africa, saying it now sees a path to recovery and growth in Nigeria after a period of macroeconomic headwinds. The company cited stabilising reforms, improving foreign‑exchange conditions and signs of demand recovery as reasons for maintaining its Nigerian operations.

    Management explained that restructuring efforts, portfolio optimisation and better pricing strategies are helping to restore profitability. The decision is expected to reassure investors, protect local jobs and sustain competition in Nigeria’s fast‑moving consumer goods market, which has been under pressure from inflation and currency depreciation.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • Nigeria Begins Recruitment of 50,000 Police Constables

    Nigeria Begins Recruitment of 50,000 Police Constables

    Photo Credit:The Nation

    The Police Service Commission, in collaboration with the Nigeria Police Force, has commenced recruitment of 50,000 constables in line with President Tinubu’s directive to strengthen community policing and internal security. Applications will be accepted online between 15 December 2025 and 25 January 2026, with separate requirements for general duty and specialist cadres.

    The Commission emphasised that the process will be merit‑based and free of charge, warning applicants against paying middlemen. The expansion is expected to improve police presence nationwide, reduce response times and create thousands of jobs for young Nigerians, while boosting efforts to secure businesses and investments.

    Source: The Nation – 12 Dec 2025

    2025-12-12 10:00:00 The Nation – 12 Dec 2025 2025-12-12

  • Tinubu Okays 94,000 New Security Recruits to Tackle Insecurity

    Tinubu Okays 94,000 New Security Recruits to Tackle Insecurity

    Photo Credit:Punch Newspapers

    President Bola Tinubu has approved the enlistment of 94,000 new personnel into the armed forces and other security agencies as part of fresh measures to confront worsening insecurity across the country. The recruits will be spread across the Army, Air Force, Navy and paramilitary outfits to reinforce operations in insurgency‑hit and vulnerable areas.

    Top security officials disclosed that the recruitment drive targets improved presence in rural communities, better border control and faster response to attacks. The government insists the expansion will be accompanied by new equipment, training and welfare packages, as it seeks to restore public confidence and protect economic activities disrupted by banditry and terrorism.

    Source: Punch Newspapers – 12 Dec 2025

    2025-12-12 10:00:00 Punch Newspapers – 12 Dec 2025 2025-12-12

  • AfDB Approves €25m Trade Finance Guarantee for Cameroon’s CCA-Bank to Boost SME Lending

    AfDB Approves €25m Trade Finance Guarantee for Cameroon’s CCA-Bank to Boost SME Lending

    ABIDJAN/YAOUNDÉ, December 2, 2025 — The African Development Bank Group has approved a €25 million trade finance facility for Cameroon’s Crédit Communautaire d’Afrique-Bank (CCA-Bank), aimed at expanding support to small and medium-sized enterprises (SMEs) and other businesses across key sectors of the economy.

    The facility, cleared by the Bank’s Board of Directors at a session held on 1 December in Abidjan, will be deployed as a Transaction Guarantee, a risk-sharing instrument that provides cover to eligible African banks for their trade finance operations.

    According to Lamin Drammeh, Head of the Bank Group’s Trade Finance Division, the guarantee will help unlock critical imports needed for Cameroon’s productive sectors.

    “The facility will support Cameroon’s economy by facilitating imports of equipment for the industrial, agro-industrial and telecommunications sectors. It will also enable the African Development Bank to provide up to a 100 percent guarantee to confirming banks, to facilitate the confirmation of letters of credit and other similar trade finance instruments issued by CCA-Bank for the benefit of SMEs in Cameroon,” Drammeh explained.

    Léandre Bassolé, Director General for the Bank’s Central Africa region, noted that the operation aligns with AfDB’s drive to deepen direct interventions in support of the private sector in Cameroon.

    “It will strengthen CCA-Bank’s capacity to support the activities of SMEs, including those owned by women and young people, to boost the local productive sector, facilitate economic growth, and create and maintain thousands of jobs,” he said.

    Welcoming what she described as a strategic milestone, CCA-Bank’s Managing Director, Marguerite Fonkwen Atanga, said the partnership would significantly enhance the bank’s ability to serve smaller businesses and emerging entrepreneurs.

    “We would like to express our gratitude to the African Development Bank Group for this important trade finance facility. This strategic partnership marks a major milestone for our institution and will significantly strengthen our capacity to support small and medium-sized enterprises, women entrepreneurs and start-ups in Cameroon and Africa,” she stated.

    Background: AfDB’s Transaction Guarantee

    The Transaction Guarantee is a trade finance instrument introduced by the African Development Bank in 2021 to support commercial banks operating in Africa. It covers a range of trade-related instruments, including confirmed letters of credit, commercial loans, irrevocable repayment undertakings, endorsed drafts and promissory notes, among others.

    The facility is available to banks registered and operating in Africa that have successfully passed the Bank’s due diligence process, helping them reduce perceived risk from international confirming banks and expand access to trade finance for their clients.

    About the African Development Bank Group

    The African Development Bank Group is Africa’s leading development finance institution, comprising the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). With representation in 41 African countries and a field office in Japan, the Bank supports economic development and social progress across its 54 regional member states.

    Source Credit:

    African Development Bank Group (AfDB) – press release distributed by APO Group, 2 December 2025.

  • Victor Osimhen’s GQ Türkiye Award Gets The Naija Twitter Celebration Treatment

    Victor Osimhen’s GQ Türkiye Award Gets The Naija Twitter Celebration Treatment

    Nigerian striker Victor Osimhen is trending for all the right reasons after being crowned Sportsman of the Year at the 2025 GQ Türkiye Men of the Year Awards.

    According to entertainment and sports outlets, Osimhen received the honour at a colourful ceremony in Turkey, in recognition of his standout season and contribution to his club’s domestic double.

    As photos and clips from the event filtered onto X and Instagram, Nigerians wasted no time in flooding timelines with congratulatory messages, edited graphics and playful “No be small flex” captions. Some fans joked that Osimhen is now “our own GQ model,” while others used the moment to reignite the long-running “best African striker” debates.

    From memes about his trademark mask to serious conversations about his journey from the streets of Lagos to global stardom, the award has once again reminded fans why Osimhen remains one of Nigeria’s most loved football exports – both on and off the pitch.

  • Portable Claims He Has Helped More People Than Olamide, Davido And Wizkid

    Portable Claims He Has Helped More People Than Olamide, Davido And Wizkid

    Street-hop star Portable is stirring the waters again after boldly declaring in a fresh interview that he has helped more people than heavyweights Olamide, Davido and Wizkid.

    Speaking on a televised entertainment programme, the controversial singer boasted that his street charity and constant support for the young boys around him beat anything the bigger stars have done. The comments were clipped and shared online, where they quickly exploded into a full debate.

    Many social media users laughed off the claim as classic Portable drama and started listing scholarships, giveaways and life-changing opportunities linked to the three superstars. Others argued that the singer has also put upcoming artistes and crew members in the spotlight and deserved some credit for that.

    As usual, the conversation ended up bigger than the quote itself, touching on visibility, receipts and how to measure who truly does the most for the streets. One thing is certain though: Portable has once again turned a simple chat into prime timeline content.

  • Funke Akindele’s Fan Begging For A Phone Becomes Instant Meme

    Funke Akindele’s Fan Begging For A Phone Becomes Instant Meme

    Nollywood powerhouse Funke Akindele is currently on a major promo run for her latest cinema projects, but it is a random fan’s request that has stolen the spotlight on social media.

    In a clip that spread quickly across Instagram in September this year, a fan publicly begged the actress and filmmaker to buy them a phone. Rather than ignore the plea, Funke responded with her trademark humour, explaining that she cannot meet every personal demand while still encouraging fans to keep hustling and believing in their own journey.

    The exchange instantly became meme material. Users chopped her response into short skits, captions and sound bites, joking about how many people want celebrities to solve all their problems. Some praised her for keeping it real about boundaries, while others laughed that they would still try their luck if they saw her.

    All of this comes as red carpet photos from her recent movie premieres continue to dominate the timeline, proving that even when she is dropping life lessons, Funke Akindele knows how to keep both the box office and the banter busy.