Featured
Buhari Off To South Korea For Global Summit
President Muhammadu Buhari, yesterday, departed Abuja for Seoul, South Korea, to participate in the First World Bio Summit, 2022.
The two-day summit (October 25-26) with the theme: ‘The Future of Vaccine and Bio-Health’ is jointly being organised by the Government of the Republic of Korea and the World Health Organisation (WHO).
Nigeria was invited to the summit based on her selection with five other African countries by WHO and the European Union (EU) during the last EU-African Summit in Brussels, Belgium in February this year for mRNA technology transfer and Global Training Hub for Bio-manufacturing of vaccines on the African continent.
Also expected to feature at the World Bio Summit are CEOs of global vaccine and Biologics companies who will share and shape ideas on the theme, given that “global health security profoundly depends on the innovation and development in the bio-industry.
“The partnership between the Republic of Korea and WHO is, therefore, to underscore not only the above historic truth, but also the need to launch international stage-efforts on the nature of creativity and innovation required to contain any future health pandemic.
“President Buhari, who is expected to deliver a Statement at the Summit, and meet separately with President Yoon Suk-yeol of the Republic of Korea, will also seek other ways of more effective partnerships that impact positively on the lives and safety of Nigerians during his other engagements and meetings while in Seoul,” Presidential spokesman, Femi Adesina, said in a statement,last Saturday.
Accompanying the Nigerian leader are: Governors Aminu Bello Masari and Abubakar Sani Bello of Katsina and Niger states; Geoffrey Onyeama, Osagie Ehanire and Adeniyi Adebayo, Ministers of Foreign Affairs, Health, Industry, Trade and Investment respectively; and Timipre Sylva, Minister of State, Petroleum Resources.
Others on the delegation are: National Security Adviser, Maj.-Gen. Babagana Monguno (rtd); Director-General, National Intelligence Agency,Amb. Ahmed Rufai Abubakar; Director-General, NAFDAC,Prof. Moji Adeyeye; Director-General, NCDC,Dr. Ifedayo Adetifa; Director-General, NIMASA,Bashir Jamoh; Chairman, NiDCOM,Hon. Abike Dabiri-Erewa; as well as other top government officials.
Buhari is expected back home after the summit.
Featured
Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
Featured
RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
?
?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
?
?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
?
?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
?
?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
?
Featured
Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
-
Politics11 hours ago
Bayelsa APC Endorses Tinubu For Second Term
-
Business10 hours ago
Industrialism, Agriculture To End Food Imports, ex-AfDB Adviser Tells FG
-
Rivers10 hours ago
Rivers Police Commissioner Condemns Vigilante Group Over Aluu Attack
-
Politics11 hours ago
Datti Baba-Ahmed Reaffirms Loyalty To LP, Forecloses Joining ADC
-
Business11 hours ago
Cashew Industry Can Generate $10bn Annually- Association
-
Politics10 hours agoEFCC Alleges Blackmail Plot By Opposition Politicians
-
Rivers10 hours ago
KALCCIMA Inaugurates New Executive Council … Pledges Renewed Drive For Kalabari Economic Growth
-
Women11 hours ago
Who Is A Classic Woman?
