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Month: October 2025

NSLTECH, Sterling Lead Gainers as NGX All-Share Index Hits Historic 148,000 Mark

  • dollaers
  • October 17, 2025
  • Finance
  • 0 comments

The Nigerian stock market continued its bullish momentum on October 16, 2025, as the All-Share Index (ASI) surged past the 148,000-point milestone for the first time in history.

The benchmark index gained 612.8 points or 0.41%, closing at 148,355.1, compared to 147,742.2 in the previous session. Market activity also strengthened, with trading volume climbing to 432 million shares, up from 388 million recorded a day earlier.

Market Capitalization Crosses N94 Trillion

Total market capitalization rose to N94.1 trillion, up from N93.7 trillion in the previous session, as investors showed renewed interest in large and mid-cap equities. Trading occurred across 23,665 deals, reflecting sustained optimism across sectors.

Top Gainers and Losers

NSLTECH and STERLINGNG topped the gainers’ list, advancing 7.06% and 6.49% respectively. Other notable gainers included LIVESTOCK (+5.33%), TIP (+5.18%), and MAYBAKER (+4.99%).

On the flip side, SUNUASSUR led the decliners, falling 9.71% to close at N5.21, followed by HMCALL (-7.53%), DAARCOMM (-6.36%), SOVRENINS (-6.05%), and CUSTODIAN (-4.55%).

Market Summary

  • Current ASI: 148,355.1

  • Previous ASI: 147,742.2

  • Day Change: +0.41%

  • Year-to-Date Performance: +44.14%

  • Volume Traded: 432 million shares

  • Market Cap: N94.1 trillion

Most Active Stocks

CONHALLPLC led in trading volume with 40.9 million shares, followed by ACCESSCORP (40.3 million), GTCO (27.5 million), ZENITHBANK (25 million), and TANTALIZER (22.2 million).

In terms of value, GTCO dominated with trades worth N2.57 billion, trailed by ARADEL (N2.52 billion), ZENITHBANK (N1.7 billion), NESTLE (N1.3 billion), and MTNN (N1.06 billion).

SWOOT and FUGAZ Performance

Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was mixed:

  • DANGCEM rose 2.42%, LAFARGE gained 2.31%, INTBREW advanced 1.69%, ARADEL edged up 0.48%, STANBIC IBTC added 0.17%, and MTNN gained 0.06%.

  • FIDELITYBK was the only laggard, down 0.25%.

Within the FUGAZ group, FIRSTHOLDCO gained 2.4%, ACCESSCORP inched up 0.19%, and GTCO rose 0.11%. Meanwhile, UBA slipped 0.94% and ZENITHBANK dipped 0.07%.

Market Outlook

The Nigerian Exchange (NGX) remains in strong bullish territory, with the ASI breaking key resistance levels on the back of broad-based buying interest.

Analysts expect the rally to continue in the near term as third-quarter corporate earnings begin to roll in, potentially driving further gains amid sustained investor confidence and positive market sentiment.

AGF Fagbemi Clarifies Presidential Clemency Process, Says No Inmate Has Been Released

  • dollaers
  • October 17, 2025
  • Law
  • 0 comments

The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has clarified the status of the recent presidential clemency exercise, stating that the process is still under administrative review and that no inmate granted pardon has been released.

In a statement issued on Thursday titled “Presidential Prerogative of Mercy Exercise at Review Stage, Not Final – AGF Fagbemi,” the Minister explained that the final list of beneficiaries, including convicts involved in illegal mining, financial crimes, and drug-related offenses, is currently undergoing verification by relevant authorities.

Review Stage Still Ongoing

Fagbemi emphasized that the clemency process remains at the final administrative phase, during which authorities conduct a thorough review to ensure all recommendations meet constitutional and procedural standards.

“It is important to note that the last stage of the exercise, after approval by the Council of State, is the issuance of the instrument for implementation of the decision concerning each beneficiary,” Fagbemi said.
“This stage affords an opportunity for a final look at the list for remedial purposes, if any, before the instrument is forwarded to the Controller-General of Corrections for necessary action.”

He noted that the review stage is critical to maintaining transparency and ensuring that only those who meet the criteria for clemency ultimately benefit.

Legal Basis for Clemency

The Attorney-General cited Section 175 of the 1999 Constitution, which grants the President the power to pardon or commute the sentences of persons convicted of offenses under federal law. The provision allows the President to exercise the prerogative of mercy, either unconditionally or under lawful conditions.

Fagbemi acknowledged the public’s concerns over the list of proposed beneficiaries, many of whom were involved in high-profile cases. However, he assured Nigerians that due diligence remains a priority.

“We appreciate the vigilance and constructive feedback from the public. The government is committed to ensuring that the process adheres strictly to legal standards so that only deserving individuals benefit from the President’s mercy,” he said.

Background to the Controversy

The clarification follows public debate after Bayo Onanuga, Special Adviser to the President on Information and Strategy, released details of 175 individuals who had been granted presidential clemency on October 12, 2025.

Among the reported beneficiaries were convicts linked to financial fraud, illegal mining, drug offenses, and historical cases such as Major General Mamman Vatsa, Professor Magaji Garba, Ken Saro-Wiwa, and Maryam Sanda.

According to the Presidency, the decision was influenced by various factors, including remorse, good conduct, old age, health conditions, and vocational rehabilitation while in custody.

How the Process Works

The Presidential Advisory Committee on the Prerogative of Mercy (PACPM), chaired by Fagbemi, plays a central role in vetting candidates. In its recent recommendation, the committee proposed clemency for 82 inmates, commutation of sentences for 65, and pardon for 15 former convicts (including 11 deceased individuals).

Additionally, seven inmates on death row were recommended for reprieve, with their sentences to be commuted to life imprisonment.

The report was presented to the Council of State, chaired by President Bola Ahmed Tinubu, for deliberation and approval. However, Fagbemi stressed that this does not equate to automatic release, as the administrative processes must be concluded before any official implementation.

Reactions and Implications

While several human rights and legal stakeholders commended the government’s gesture as a demonstration of compassion, others cautioned that releasing offenders convicted of serious crimes could undermine justice and demotivate law enforcement officers.

Fagbemi assured the public that the administration remains committed to justice, fairness, and due process, adding that every decision under the prerogative of mercy would align with the rule of law and national interest.

“The review process is a safeguard. It ensures that mercy does not override justice, but rather complements it,” the AGF concluded.

This clarification seeks to allay public fears and reaffirm the government’s resolve to ensure integrity and accountability in the exercise of presidential powers.

Customers Applaud NEM Insurance for Excellent Service, Prompt Claims, and Reliability

  • dollaers
  • October 17, 2025
  • Insurance
  • 0 comments

NEM Insurance Plc has received widespread commendation from customers and industry stakeholders for its exceptional service delivery, timely claims settlement, and adoption of technology that enhances customer experience. The praises came during the celebration of Customer Service Week 2025, an event that offered clients a platform to share feedback and celebrate service excellence.

Celebrating Customer-Centric Excellence

As one of Nigeria’s top three insurance firms and the leading non-life insurer by revenue, NEM Insurance has continued to demonstrate consistency in customer satisfaction. During the week-long celebration, customers visited the company’s head office and branches nationwide to express their appreciation and share positive experiences with staff and management.

Many clients described NEM Insurance as a trusted partner that combines professionalism, innovation, and empathy in delivering services. They emphasized that the insurer’s commitment to maintaining strong relationships and ensuring prompt claims payment has distinguished it in the competitive insurance market.

Industry Leaders Share Their Experiences

Kayode Ogunbotu, Managing Director of Senforce Insurance Brokers, praised NEM Insurance for its swift claims response and reliable communication.

“There are no difficulties dealing with NEM. Their staff are friendly, responsive, and their technology makes transactions seamless,” Ogunbotu said. “I’ve been working with them for over 35 years, and their consistency in paying claims, including one as large as ₦50 million, is remarkable.”

He encouraged businesses and individuals to trust NEM Insurance with their risks, noting that the company has the financial strength to meet obligations without delay.

Similarly, Lateef Akintoye, Managing Director of Hope Equity & Trust Insurance Brokers Limited, described NEM as proactive and customer-focused. He highlighted the company’s efficiency in handling claims once proper documentation is complete.

“NEM Insurance stands out because they settle claims within hours after verification,” Akintoye stated. “Prompt claims payment remains the hallmark of insurance, and NEM continues to prove its reliability in this regard.”

He also urged the public to embrace insurance and secure policies with dependable firms like NEM Insurance, adding that “life is full of risks, but with NEM, customers can always count on timely support.”

Long-Term Partners Express Confidence

Courage Insurance Brokers Limited, a long-standing partner of NEM Insurance, commended the company for being dependable and consistent in partnership for over a decade. The brokerage firm lauded NEM’s management for its flexibility, strong ethics, and commitment to sustaining client relationships.

A long-term individual client, Mr. Tomiwa, who has been insured with NEM since 2018, also shared his satisfaction.

“NEM Insurance gives me peace of mind,” he said. “Once documentation is complete, my claims are paid promptly without any hassle.”

Management Reaffirms Commitment to Customers

Responding to the commendations, Mr. Andrew Ikekhua, Managing Director of NEM Insurance Plc, expressed appreciation to the company’s customers for their trust and loyalty over the years. He noted that NEM’s success is rooted in its customers’ unwavering support and feedback, which continue to shape the company’s operational improvements.

“We are grateful to our customers for believing in our vision,” Ikekhua said. “Our journey has always been about putting people first, and we are committed to walking with our clients through every challenge and success story.”

He reaffirmed that NEM Insurance is repositioning its operations to provide even more customer-centered solutions, emphasizing that the company’s ultimate goal is to “continue winning together with our customers.”

Strengthening Trust in Nigeria’s Insurance Sector

NEM Insurance’s recognition during Customer Service Week 2025 underscores its leadership in Nigeria’s insurance industry and its ongoing efforts to raise service standards. The company’s blend of innovation, transparency, and prompt claims management continues to inspire customer confidence and set benchmarks for others in the sector.

Jim Ovia Reaffirms Zenith Bank’s Commitment to Shareholder Value at NGX Closing Gong Ceremony

  • dollaers
  • October 16, 2025
  • Bank
  • 0 comments

Zenith Bank Plc has once again reinforced its commitment to transparency, growth, and shareholder value during a prestigious closing gong ceremony held at the Nigerian Exchange (NGX) on October 14, 2025.

The event was led by Dr. Jim Ovia, CFR, Founder and Chairman of Zenith Bank, alongside the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON. The ceremony marked the official close of the trading day and celebrated the bank’s enduring partnership with the Nigerian capital market.


Strong Market Performance and Investor Confidence

Speaking at the event, Dr. Adaora Umeoji highlighted the NGX’s innovative leadership and its contribution to Zenith Bank’s success, particularly through its electronic trading platform, X-Stream, which played a key role in the bank’s recent recapitalization exercise.

“Our recapitalization achieved a 160% subscription rate,” she said. “Zenith Bank’s share price has more than doubled—from ₦36.50 to ₦68—while we reported record-breaking financial results for the first half of 2025, emerging as Nigeria’s most profitable bank and the highest dividend payer in the industry.”

Dr. Umeoji reaffirmed the bank’s dedication to delivering consistent value to shareholders.

“We remain focused on rewarding investor confidence with enhanced dividends by year-end. Our strategy is centered on expansion into markets where we can scale and drive stronger returns,” she said.


Market Growth and Industry Recognition

In his remarks, Dr. Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), commended Zenith Bank and other market players for their contributions to Nigeria’s economic growth.

“Market capitalization has risen from ₦55 trillion to between ₦89 and ₦93 trillion in just over a year,” he noted. “This progress reflects the vision, courage, and transparency of institutions like Zenith Bank. Our goal is to push market capitalization beyond ₦200 trillion by next year.”

Also speaking at the event, Alhaji Rasheed Yusuf, the Doyen of the NGX, praised Dr. Ovia’s leadership, describing him as the “Doyen of the commercial banking sector” for his visionary impact on Nigeria’s financial industry.


Commitment to Excellence and Global Expansion

Zenith Bank continues to pursue a growth strategy centered on innovation, transparency, and expansion into new markets. The bank intends to leverage capital raised from recent offerings to enhance scalability and improve service delivery across its operations.

The institution’s track record of excellence has earned it multiple accolades, including:

  • Number One Bank in Nigeria by Tier-1 Capital for 16 consecutive years (The Banker, 2025).

  • Nigeria’s Best Bank at the Euromoney Awards for Excellence 2025.

  • Best Commercial Bank, Nigeria (2021–2025) – World Finance Banking Awards.

  • Best Corporate Governance Bank, Nigeria (2022–2025) – World Finance Corporate Governance Awards.

  • Most Responsible Organisation in Africa (2024) – SERAS CSR Awards Africa.

These achievements underscore Zenith Bank’s unwavering commitment to corporate governance, sustainability, and shareholder value.

Dere Awosika, Olufemi Shobanjo, and Ruth Kadiri to headline FinTribe Finance Fair 2025 in Lagos

  • dollaers
  • October 16, 2025
  • Finance, Fintech
  • 0 comments

FinTribe, Africa’s largest financial community for women, has announced its upcoming flagship event — the FinTribe Finance Fair 2025 — scheduled to take place on October 25th in Victoria Island, Lagos.

Themed “Level Up,” this year’s fair aims to move beyond basic financial literacy to focus on wealth creation, financial independence, and long-term economic influence for women. The event will combine expert insights, practical sessions, and one-on-one mentorship opportunities designed to help participants take immediate, actionable steps toward financial empowerment.

Headlining this year’s edition are notable industry and creative leaders, including Dr. (Mrs.) Ajoritsedere Awosika, former Chairperson of Access Bank Plc; Mr. Olufemi Shobanjo, CEO of NGX Regulation Limited; award-winning actor and producer Ruth Kadiri; and Ayanime Edem, founder of The Elite Finishing School (TEFS). The speakers will share diverse perspectives across finance, leadership, and entrepreneurship, inspiring women to turn financial knowledge into tangible results.

Founder of FinTribe, Jennifer Awirigwe—popularly known as Financial Jennifer—said the fair is designed as a transformative experience.

“‘Level Up’ is more than a theme; it’s a call to action,” Awirigwe said. “This year, we’re moving from theory to execution—helping women translate ambition into assets and confidence into financial independence.”

Since its inception, FinTribe has grown rapidly, with attendance rising from 5,000 women in 2023 to over 7,000 in 2024, underscoring the strong demand for its practical and inclusive approach to finance.

The 2025 Finance Fair will feature panel discussions, keynote sessions, and hands-on workshops covering investments, real estate, cryptocurrency, career growth, and entrepreneurship. A key highlight will be the “Direct-to-Expert” segment, where attendees can engage personally with financial advisors and professionals to receive tailored guidance and take actionable steps toward their financial goals on-site.

With registration now open at bit.ly/FinTribeFinanceFair-2025, early interest has already surpassed previous years. The event is expected to further cement FinTribe’s role as a leading platform driving women’s financial empowerment and inclusive economic participation across Africa.

Kebbi Government Approves ₦4.05 Billion for Rehabilitation of Seven General Hospitals

  • dollaers
  • October 16, 2025
  • Finance
  • 0 comments

The Kebbi State Government has approved ₦4.05 billion for the rehabilitation of seven General Hospitals across the state as part of its ongoing effort to strengthen healthcare delivery and upgrade medical infrastructure.

The decision was announced by the State Attorney-General and Commissioner for Justice, Alhaji Junaidu Marshall, following a State Executive Council meeting chaired by Governor Nasir Idris in Birnin Kebbi, according to the News Agency of Nigeria (NAN).

Marshall listed the benefiting hospitals as those located in Kambaza, Suru, Kamba, Dirin-Daji, Kangiwa, Koko, and Yauri, noting that the projects reflect the administration’s goal of modernizing all general hospitals across the state.

“The approval underscores the state government’s commitment to improving healthcare delivery and ensuring hospitals are adequately equipped to serve the people,” Marshall said.

He added that the current administration has already rehabilitated 16 general hospitals, including Argungu General Hospital, which is now equipped with modern facilities. Other hospitals in Zaga, Zuru, Bunza, Gulma, Bena, Jega, Shanga, and Sir Yahaya Memorial Hospital in Birnin Kebbi have also undergone or are undergoing similar upgrades.

According to Marshall, Governor Idris has pledged to rehabilitate and equip all 30 general hospitals in Kebbi State before the end of his tenure.


Broader Development Initiatives

In addition to the hospital projects, the council approved several complementary initiatives aimed at strengthening healthcare and socio-economic development across the state:

  • ₦570 million was allocated to the Kebbi Contributory Healthcare Management Agency (KECHEMA) to register 45,000 vulnerable persons under the State Social Register. Each of the 225 wards will enroll at least 200 individuals for affordable healthcare access.

  • The state also provided counterpart funding for the World Bank IMPACT project, which covers the rehabilitation of 73 primary healthcare centres and upgrades for an additional 42 centres.

  • To improve access to essential medicines, ₦407.5 million was approved as a take-off grant for the Kebbi State Drugs, Medical and Consumables Agency.

Outside the health sector, the council also endorsed:

  • ₦3 billion for the procurement of 2,000 power tillers under the Kaura Development Agenda (KADAGE) to promote mechanized farming.

  • ₦1.4 billion for school furniture procurement across various educational institutions.

  • ₦900 million as a take-off grant for the newly established Kebbi State Bureau of Statistics, with Prof. Umar Usman appointed as the Statistician-General.

Anambra Tops List of Nigeria’s Most Affordable States in September 2025

  • dollaers
  • October 16, 2025
  • Finance
  • 0 comments

In September 2025, Anambra State displaced Zamfara to become the most affordable state in Nigeria, recording a headline inflation rate of 9.3%, according to data compiled by Nairametrics. This figure marked a sharp decline from 14.2% in August 2025.

A breakdown of the top 10 most affordable states reveals persistent contrasts across the country:

Rank State Inflation Rate Notes
1 Anambra 9.3% Falls in food and non-food costs contributed to improved affordability
2 Niger ~11.8% Strong performance on core inflation
3 Bauchi ~12.4% One of few northern states in top tier
4 Enugu ~12.4% Slower non-food inflation aided moderation
5 Sokoto ~14.0% Slight dip in food inflation helped
6 Bayelsa ~14.8% Buffer from fuel subsidy support
7 Ebonyi ~14.8% Infrastructure improvements eased costs
8 Imo ~15.8% Slight moderation in housing component
9 Akwa Ibom ~16.3% Energy and transport pressures keep it higher
10 Jigawa ~16.3% Tight agricultural markets weigh

The ranking is based on year-on-year changes in prices of essential goods and services — states with lower inflation are generally easier to live in from a cost-of-living perspective.

What’s Driving the Shift?

  • Digital payments in Anambra’s markets, especially Onitsha Main Market, have cut transaction costs for non-food items.

  • The state also invested in boreholes in rural LGAs, helping reduce household water expenses.

  • In contrast, states with higher inflation are still grappling with elevated energy, transport, and food costs.

Context & National Picture

National headline inflation eased to 18.02% in September 2025, continuing a downward trend that began in early 2025. While many states are seeing relief, others remain under pressure from structural cost factors.

During the December 2024 holiday season, Lagos alone generated an estimated US$71.6 million in tourism revenue — with hotels contributing roughly $44 million and short-term rentals adding about $13 million.

At the national level, over 1.2 million international arrivals and 3 million domestic trips were recorded in 2023, up 20% from prior years. The tourism sector contributed 3.65% of GDP and supported 1.9 million jobs.

Lagos State officials say they will continue using the Lagos State Tourism Master Plan (2020–2040) as a roadmap for growth, with the aim of boosting total tourism earnings to $5.1 billion by 2040.

Blockchain.com Chooses Nigeria as Its African Headquarters, Pursues SEC License to Deepen Crypto Operations

  • dollaers
  • October 16, 2025
  • Cryptocurrency
  • 0 comments

Global cryptocurrency platform Blockchain.com has officially selected Nigeria as its operational hub for Africa and announced plans to secure a crypto exchange license from the Nigerian Securities and Exchange Commission (SEC). This move underscores Nigeria’s growing influence in the global digital asset landscape and its potential as a key player in Africa’s blockchain economy.

Why Nigeria?

In an exclusive interview with Nairametrics, Michael Emeeka, Blockchain.com’s Country Head for Nigeria, explained that the company’s decision to establish its African base in Nigeria was driven by the country’s large population, high level of digital adoption, and vibrant cryptocurrency culture.

“We have over 80 million crypto wallets on Blockchain.com globally, and a substantial portion of that comes from Africa. Nigeria alone contributes a significant share,” Emeeka said.

He noted that Nigeria ranks first in Africa and second globally—behind India—in terms of cryptocurrency adoption, reflecting the nation’s dynamic and tech-savvy youth population.

Focus on Regulation and Compliance

Emeeka emphasized that Blockchain.com’s top priority is obtaining regulatory approval from the SEC and ensuring that its operations comply with both local and international standards.

The company, which already holds multiple licenses across other global jurisdictions, is actively engaging with key Nigerian financial institutions such as the Central Bank of Nigeria (CBN), the Nigeria Inter-Bank Settlement System (NIBSS), and the National Institute of Credit Administration (NICA).

“We are not just focused on crypto trading,” Emeeka said. “Our goal is to bring practical use cases to Nigeria—such as remittances, digital payments, and business transactions—where crypto can deliver real value to consumers and small enterprises.”

He added that Blockchain.com aims to build trust with Nigerian users, invest in local talent, and educate the market about responsible crypto adoption.

Aligning With Nigeria’s Crypto Regulation

Speaking at a recent media session in Lagos, Owenize Odia, Blockchain.com’s General Manager for Africa, reaffirmed the company’s commitment to regulatory alignment and transparency.

“Nigeria is one of our most important markets. Compliance is at the heart of our business model,” Odia said. “We have applied for a license from the SEC because we believe in working hand-in-hand with regulators to create a safe and trusted crypto ecosystem.”

Serena Braide, the company’s Compliance Officer for Nigeria, also highlighted Blockchain.com’s adherence to global financial integrity standards, including Know-Your-Customer (KYC) processes, sanctions screening, and transaction monitoring.

“We welcome regulatory scrutiny—it helps build public confidence and ensures long-term sustainability,” she noted.

Nigeria’s Evolving Regulatory Landscape

Blockchain.com’s entry into Nigeria’s crypto market comes amid increasing regulatory clarity from the SEC. In 2024, the Commission granted Approval-in-Principle to two local exchanges—Quidax and Busha—under its Accelerated Regulatory Incubation Program (ARIP), marking a major milestone in Nigeria’s journey toward formal crypto regulation.

The SEC has stated that other applications are currently under review, with additional approvals to be granted on a case-by-case basis once firms meet all compliance requirements.

A Step Toward Mainstream Crypto Adoption

By choosing Nigeria as its African base, Blockchain.com joins a growing list of global fintech and crypto firms betting on the country’s youthful population and strong appetite for digital assets.

Industry observers say this development could boost investor confidence, create job opportunities, and accelerate Nigeria’s integration into the global blockchain economy.

As Blockchain.com seeks to formalize its presence through regulatory approval, its focus on education, transparency, and local collaboration positions it as a potential leader in Africa’s next wave of crypto innovation.

Local Innovation, Global Impact: How IHS Nigeria is Powering Africa’s Tech Future

  • dollaers
  • October 15, 2025
  • Fintech
  • 0 comments

IHS Nigeria, a subsidiary of IHS Towers, is at the forefront of Nigeria’s digital transformation — not just through infrastructure investments but by actively cultivating the next generation of African tech talent and startups.

With over 16,000 telecommunications towers and 15,000 kilometres of fibre-optic cable across the country, the company is laying the groundwork for nationwide digital inclusion while simultaneously investing in human capital through a growing network of innovation hubs.

Driving Innovation Through Infrastructure

IHS Nigeria’s infrastructure supports connectivity from urban Lagos to rural Northern Nigeria — forming the backbone of the country’s digital economy. Beyond that, the company is transforming physical spaces into thriving innovation ecosystems designed to inspire creativity and entrepreneurship.

The Ilorin Innovation Hub, launched in partnership with Co-Creation Hub (CcHub) and Future Africa, is one of West Africa’s largest tech hubs. It provides co-working spaces, startup incubation, mentorship, and access to funding — a full ecosystem designed to turn ideas into thriving businesses.

Similarly, IHS Nigeria supported the reconstruction of the Kano Digital Industrial Park — originally vandalised during the 2024 protests — in collaboration with the Nigerian Communications Commission (NCC). The park now serves as a centre for digital learning and innovation in Northern Nigeria.

Additional hubs are underway, including one in Maiduguri, Borno State, while others in Lagos, Oyo, and Ogbomosho already serve as centres for innovation in energy, environment, and tech education. Each hub provides not just space but access to tools, training, and mentorship that empower local communities to participate in Nigeria’s expanding digital economy.

Partnerships That Empower

IHS Nigeria’s impact extends beyond infrastructure — through strategic partnerships with UNICEF, the Federal Ministry of Communications, Innovation and Digital Economy, the Lagos Chamber of Commerce and Industry (LCCI), and the NCC.

Through its collaboration with UNICEF Nigeria, the company has provided internet connectivity and digital learning tools to over 800 schools in 17 states. This initiative connects learners and teachers to the Nigeria Learning Passport, an e-learning platform developed by UNICEF and the Federal Ministry of Education, now reaching 1.7 million users nationwide.

These partnerships reflect IHS Nigeria’s long-term vision to build an inclusive and digitally literate society while promoting sustainable economic growth through technology and education.

Investing in People and Skills

IHS Nigeria is also a strong supporter of the Federal Government’s Three Million Technical Talent (3MTT) initiative, which has trained 140,000 Nigerians in digital skills and facilitated 7,500 full-time jobs and 30,000 entrepreneurial opportunities to date.

The company’s Women in Tech and Green Jobs (WITG) programme further promotes gender equality in STEM. In 2024, it trained and certified 65 young women in tech and engineering, providing pathways to careers in innovation-driven industries.

Since 2023, IHS Nigeria has helped train over 5,700 individuals through collaborations with organisations like STEM4DEV Project, KAD-ICT Hub, 9ijakids, and the Limitless Space Institute. Its support for events such as the STEM Africa Fest underscores its belief that early exposure to science and technology can ignite curiosity and lifelong innovation.

Teachers in states like Jigawa, Kwara, Abia, and Osun have also benefited from the company’s digital literacy initiatives, with training and donated internet routers improving classroom learning experiences.

Building the Future

As Nigeria strengthens its position as a major technology hub in Africa, IHS Nigeria’s innovation hubs and partnerships are cultivating the environment needed for startups to thrive, jobs to be created, and ideas to scale globally.

By combining physical infrastructure with human capital development, IHS Nigeria is not only supporting connectivity but also building the foundation for Africa’s digital future — one innovation hub, one trained youth, and one empowered community at a time.

Kenya’s Former Prime Minister Raila Odinga Dies at 80

  • dollaers
  • October 15, 2025
  • Business
  • 0 comments

Kenya is mourning the death of Raila Odinga, the country’s former Prime Minister and longtime opposition leader, who passed away at the age of 80. His death marks the end of one of the most remarkable and influential political careers in Kenya’s history.

According to Reuters, Odinga died while receiving treatment at an Ayurvedic medical centre in India, where he had been undergoing care in recent weeks.

A Lifelong Struggle for Democracy

Over his five-decade career, Odinga became synonymous with Kenya’s fight for democracy and political reform. Though he ran for president five times without success, his campaigns reshaped the nation’s political landscape. Two of those elections — particularly in 2007 and 2017 — led to intense political crises and deadly violence, underlining his central role in Kenya’s turbulent democratic evolution.

Despite never reaching the presidency, Odinga’s legacy as a reformer, activist, and opposition stalwart remains undeniable. He was instrumental in achieving two of Kenya’s most significant democratic milestones — the legalisation of multiparty politics in 1991 and the adoption of a new constitution in 2010, both of which transformed Kenya’s governance system.

A Polarising but Respected Leader

Odinga’s activism and leadership were not without controversy. Following the disputed 2007 presidential election, he led nationwide protests that escalated into the worst violence seen in Kenya since independence — a conflict that left over 1,300 people dead and displaced hundreds of thousands.

Yet, through these moments of upheaval, Odinga emerged as a symbol of resilience, often calling for peace, justice, and accountability. He was known for his fiery rhetoric against corruption and inequality, positioning himself as a voice for Kenya’s marginalized communities and an unwavering advocate for democratic ideals.

Outpouring of Tributes

News of Odinga’s death has prompted an outpouring of grief across Kenya and beyond. Political leaders, former rivals, and global figures have expressed condolences, acknowledging his enduring impact on African democracy. Many have described him as a patriot and mentor whose influence extended far beyond politics.

Early Life and Education

Born on January 7, 1945, in Maseno, Kisumu District, Raila Amolo Odinga was the son of Jaramogi Oginga Odinga, Kenya’s first vice president, and Mary Juma Odinga.

A member of the Luo ethnic group, Odinga pursued his studies in East Germany, attending the Herder Institute and later the Technische Hochschule in Magdeburg, where he earned a certificate in welding in 1970.

Upon returning to Kenya, he founded a company that manufactured liquid petroleum gas cylinders and later joined the Kenya Bureau of Standards, where he rose to become Deputy Director.

Political Journey

Odinga entered politics during Kenya’s one-party era and was detained multiple times for his involvement in pro-democracy movements, particularly after the 1982 coup attempt. His fearlessness earned him nicknames such as “Agwambo” (the mysterious one) and “Jakom” (the chairman).

He joined FORD-Kenya in the 1990s and later helped form the National Rainbow Coalition (NARC), which successfully brought Mwai Kibaki to power in 2002. In subsequent years, he founded the Orange Democratic Movement (ODM), which became one of Kenya’s most powerful opposition parties.

In 2018, Odinga made global headlines after his “handshake” with then-President Uhuru Kenyatta, a reconciliation gesture that ended years of political division and gave rise to the Building Bridges Initiative (BBI).

He later served as the African Union High Representative for Infrastructure Development, continuing his advocacy for pan-African cooperation and economic progress.

A Lasting Legacy

Though Raila Odinga never attained the presidency, his imprint on Kenya’s political identity is profound. He is remembered as a revolutionary democrat, a relentless reformer, and a unifying figure whose vision helped shape modern Kenya.

His passing leaves a significant void in Kenyan politics, especially within the opposition, where he inspired and mentored an entire generation of leaders committed to justice, transparency, and reform.

Raila Odinga’s life was defined by resilience, conviction, and a lifelong belief that Kenya could always be better — freer, fairer, and more democratic.

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