African deposit and investment funds have endorsed the African Development Bank (AfDB) initiative to reform the continent’s financial architecture and reduce reliance on external financing. The endorsement was made during a session of the African Forum of Deposit Funds on the sidelines of the 2026 AfDB Annual Meetings in Brazzaville. The session discussed the role of institutional investors in the New African Financial Architecture for Development (NAFAD), an initiative led by AfDB President Sidi Ould Tah. Ms. Assoumane Mourjatou, Managing Director of the Niger Deposit and Investment Fund, said the initiative would strengthen Africa’s development financing mechanisms.She explained that NAFAD…
Author: Newsdesk
The World Health Organization (WHO) has called on member states, parliamentarians, regulators, civil society, educators, parents, and young people across Africa to unite against the deceptive tactics of the tobacco and nicotine industry. WHO Regional Director for Africa, Dr. Mohammed Janabi, made this appeal in his message on the occasion of World No Tobacco Day 2026. World No Tobacco Day, observed annually on May 31,, aims to raise awareness about the dangers of tobacco use and the industry’s strategies to promote addiction. It brings together governments, health organizations, civil society, and youth worldwide. “Together, we must safeguard the health of…
Former President Olusegun Obasanjo has praised efforts to combat cancer through awareness and early detection, calling such initiatives a fitting tribute to loved ones lost to the disease. Obasanjo spoke on Sunday at an event organized by ‘Lagos to the World Initiative’ at the Olusegun Obasanjo Presidential Library (OOPL), Abeokuta, held in memory of the founder’s mother and sister, both of whom died of cancer. He commended the family for transforming personal loss into a life-saving campaign that promotes cancer awareness and encourages early detection. According to him, many would have accepted the loss and moved on, but the family…
The Chairman/Chief Executive Officer (CEO) of the National Hajj Commission of Nigeria (NAHCON), Amb. Ismail Yusuf, has commended the Nigerian media contingent in Saudi Arabia for their role in the 2026 Hajj exercise. Yusuf made the commendation in Makkah on Sunday, stating that the professionalism and efficiency displayed by Nigerian journalists in reporting the exercise were particularly impressive. “Thank you for the work you have done so far. I am very impressed with the quality of your reports.I felt it was important to meet with you and personally convey the appreciation of the commission. I want to commend your expertise…
No fewer than 100 less-privileged children have benefitted from free malaria tests, medications, and food items donated by two non-governmental organizations (NGOs) in Emure Ile, Ondo State. The NGOs, Charakids Foundation and Carelink Foundation, partnered to organize the free medical outreach on Sunday at the Comprehensive Health Centre in Emure–Ile, Owo Local Government Area. At the event, Miss Blessing Chukwudi, Planning and Logistics Manager of Charakids Foundation, stated that the outreach aimed to support less-privileged children in the community. “Charakids Foundation focuses on children between the ages of 1 and 12. We empower, care for, shelter, and provide various services…
The Nigeria Employers’ Consultative Association (NECA) says businesses across the country have yet to fully realize the expected benefits of the Federal Government’s ongoing economic reforms. Mr. Adewale-Smatt Oyerinde, Director-General of NECA, made this statement in an interview with reporters on Sunday in Abuja, while assessing the administration’s economic performance. Oyerinde acknowledged that the removal of fuel subsidies and the liberalization of the foreign exchange market demonstrated the government’s commitment to market-driven policies and increased transparency across sectors. He noted that these reforms had improved fuel availability, reduced supply disruptions, and signaled policy consistency to both local and foreign investors.…
The Youth Fellowship of the Cherubim and Seraphim Unification Church of Nigeria, Lagos State Chapter, has urged young people to embrace personal development and actively contribute to nation-building. The call was made at the fellowship’s 2026 Annual General Meeting (AGM) held on Sunday in Surulere, Lagos. With the theme: “Arise and Build: Youth at the Forefront of Change,” drawn from Nehemiah 2:18, the AGM focused on the role of young people in rebuilding institutions and transforming society. In his welcome address, Mr. Moses Ajose, Chairman of the Youth Fellowship, identified declining moral values, spiritual complacency, unemployment, leadership gaps, and social…
The Nigeria Labour Congress (NLC) has condemned the destruction of green areas and encroachment on natural waterways in the Federal Capital Territory (FCT), warning that such development poses serious environmental and health risks to residents. Mr. Eche Asuzu, NLC National Coordinator on Climate Change and Just Transition, made this statement in an interview with reporters on Sunday in Abuja. Asuzu said the destruction of vegetation, public parks, and other green spaces in the FCT undermines principles of climate justice and environmental sustainability. “What is happening in the FCT fundamentally undermines the principles that inform the quest for climate justice. We…
Dr. Nosa Ehigie, a medical expert, has warned that Lassa fever is often mistaken for malaria in its early stages, leading to delayed diagnosis, treatment, and increased health risks for patients. Ehigie, the Medical Director of Owen Hospital in Benin, made this statement in an interview with reporters on Sunday. He explained that the disease initially presents symptoms similar to malaria, such as fever, weakness, and general body discomfort. He advised that any patient being treated for malaria or typhoid who does not respond to medication should be evaluated immediately for possible Lassa fever. He added that suspicion should be…
The equities market sustained its positive momentum in May, with investors gaining N4.514 trillion as renewed interest in financial services and consumer goods stocks boosted overall performance. Market capitalization rose by 2.89 percent, closing at N160.508 trillion in May, up from N155.994 trillion at the start of the month. Similarly, the All-Share Index (ASI) increased by 8,107.66 points, or 3.35 percent, to close at 250,385.47 from 242,277.81 at the end of April. However, this performance lagged behind the exceptional rally in April when investors gained N26.185 trillion. The May rally was mainly driven by gains in financial services, consumer goods,…