The Peoples Democratic Party (PDP), led by Abdulrahman Mohammed-led National Caretaker Committee (NCC) has fixed March 28 and March 29 for the party’s national convention in Abuja. The party made this known in a communique issued at the end of the 105th meeting of its National Executive Committee (NEC) on Monday night. Ashenews gathered that the communique was read by the National Publicity Secretary of the party, Mr Haruna Mohammed, at the end of the meeting, held at the official residence of the Minister of Federal Capital Territory, Nyesom Wike, in Abuja. In the communique, signed by Mohammed and the…
Author: Newsdesk
The Federal Government has announced plans to share the electricity subsidy costs with other tiers of government, like the state and local governments, from 2026, thereby ending the burden of carrying the subsidy in the power sector. This was made known by the Director-General of the Budget Office of the Federation, Tanimu Yakubu, while presenting a keynote address during a training and sensitisation workshop for Ministries, Departments, and Agencies (MDAs) on Monday, February 2, 2026, in Abuja. The training programme is on the 2026 post-budget preparation process using the Government Integrated Financial Management Information System Budget Preparation Sub-System. Yakubu said the president wants electricity…
Neimeth International Pharmaceuticals Plc posted a pre-tax profit of N1.49 billion for the year ended December 31, 2025, marking a strong turnaround from the pre-tax loss of N854.43 million recorded in 2024. The company’s financial results filed to the Nigerian Exchange (NGX) showed that the impressive performance was bolstered by a N48 million foreign exchange gain, compared to a loss of over N2 billion in the prior year. This represents a significant improvement of 274% year-on-year. For Q4 2025 alone, the company delivered a profit before tax of N1.15 billion, compared to a loss of N1.16 billion in Q4 2024 and a…
The Federal Government has began a free nationwide training for 10million Nigerians on financial inclusion and literacy. Ashenews gathered through NAN reports that the training is organised by the Office of the Vice-President through the Presidential Committee on Economic and Financial Inclusion (PreCEFI), chaired by Vice-President Kashim Shettima. It is designed to equip Nigerians, particularly women and youths, with essential financial skills, investment knowledge, and digital competencies for sustainable wealth creation. Accordingly, the office of the vice-president, through the PreCEFI, signed a Memorandum of Understanding (MOU) with six professional bodies to jointly design the programme, certification pathways, digital skills initiatives,…
The Livestock Productivity and Resilience Support Project (L-PRES) on Monday engaged stakeholders in Sokoto State on livestock development priorities and potential implementation risks. Speaking with journalists in Sokoto, the State Project Coordinator of L-PRES, Mr Sirajo Abubakar, said the engagement was part of the project’s mandate to strengthen implementation outcomes nationwide. Abubakar explained that stakeholders’ input would help identify additional intervention areas and appropriate measures needed to achieve the project’s objectives. “As we are aware, L-PRES is a six-year World Bank-supported project with the development objective of improving productivity, commercialization and resilience of selected livestock value chains. “The project also…
Operatives of the Ilorin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested ten individuals suspected of involvement in illegal mining activities along the Ilorin-Ogbomosho axis. They were arrested on Sunday, February 1, 2026, following credible intelligence on unlawful mineral excavation and transportation in parts of Kwara and Oyo States. The suspects, comprising nine truck drivers and one escort were intercepted and taken into custody in a well -coordinated sting operation. Solid minerals arrested with the suspects include lithium, tin, and lepidolite. The suspects have no requisite licences, permits, or regulatory approvals for their mining activities Other…
First Abu Dhabi Bank has announced that it will open a representative office in Lagos, Nigeria, as part of its sub-Saharan expansion push. This was disclosed on Monday at the first Investopia Africa event held in Lagos by the Group Head of Wholesale Banking at First Abu Dhabi Bank, Martin Tricaud. Ashenews gathered through PUNCH reports that First Abu Dhabi Bank partnered with Afreximbank to provide $1.126bn in financing for the execution of Phase 1, Section 2 of the Lagos–Calabar Coastal Highway. Speaking during a panel session that included the Lagos State Governor, Babajide Sanwo-Olu, and the Managing Director of…
Access Bank Plc has appointed Ifeyinwa Osime as Chairman of its Board, following the retirement of Paul Usoro on January 29, 2026, upon the completion of his regulatory tenure. The appointment was disclosed to the Nigerian Exchange Limited in a notice on Monday by the company secretary, Sunday Ekwochi. “Access Holdings Plc (‘the Company’) is pleased to announce that the Board of Directors (the Board’) of Access Bank Plc (‘the Bank’), its flagship subsidiary, has appointed Ifeyinwa Osime as Chairman of the Board, following the retirement of Paul Usoro, on January 29, 2026, upon the completion of his regulatory tenure…
The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, has warned that global health gains remain fragile amid a “poly-crisis” of overlapping economic, political and technological shocks affecting countries worldwide. Pate spoke on Monday in Abuja at the SPARK Transnational Research Boot Camp and Conference 2026, organized by the National Institute for Pharmaceutical Research and Development (NIPRD) and the Presidential Initiative for Unlocking the Health Care Value Chain. SPARK stands for Stanford Programme in Applied Research for Knowledge. According to him, science and the scientific method remain “the fundamental path” to societal progress. The minister noted that scientific…
The Environmental Health Council of Nigeria (EHCON) has reiterated its commitment to implementing the National Emergency Response Initiative on Environmental Public Health Impacts of Greenhouse Gas Emissions (NERI-EPHIGGE) nationwide. The Registrar of EHCON, Dr Yakubu Baba, stated this on Monday during a stakeholders’ engagement on greenhouse gas emissions and the declaration of a public health emergency on environmental-related diseases, held in Abuja. He explained that the NERI-EPHIGGE framework provides a structured, coordinated and results-driven approach to addressing greenhouse gas (GHG) emissions. Baba lamented that environmental-related diseases linked to GHG emissions remain one of Nigeria’s most pressing yet under-recognised public health…