Author: Prima News

President Tinubu has approved CVFF disbursement to Nigerian Shipowners after 20-year delay. NewsOnline Nigeria reports that President Bola Tinubu has approved the disbursement of the Cabotage Vessel Financing Fund, more than two decades after it was established to support indigenous participation in Nigeria’s maritime industry. Minister of Marine and Blue Economy Adegboyega Oyetola disclosed the development in a statement issued on Sunday by his Special Adviser, Dr Bolaji Akinola. Following the approval, Oyetola directed the Nigerian Maritime Administration and Safety Agency and the 12 designated Primary Lending Institutions to accelerate the processing and disbursement of the fund to qualified Nigerian shipowners.  The minister said…

By Modupe Gbadeyanka Young Nigerians, particularly students, innovators, entrepreneurs, and creatives aged 16 to 25, who intend to register for Ecobank Nigeria’s flagship youth innovation challenge, InnovateX 2026, have till Friday, October 30, to do the needful via www.innovatex.africa. The programme has N20 million up for grabs in prizes, mentorship, business development support, and access to industry experts. The competition is open to young Nigerians working on innovative projects in technology, engineering, science, product design, content creation, digital media, entertainment, fashion, and other creative disciplines. Business Post learned that the process comprises six steps, with the first being the formation…

The Nigeria Democratic Congress (NDC) has faulted the obstruction and blocking of its presidential candidate, Peter Obi, from entering Benue State by suspected political thugs. PREMIUM TIMES earlier reported that suspected political thugs disrupted Mr Obi’s visit to Benue State on Tuesday after they blocked his convoy from gaining access into the north-central state. ‘It’s shameful’ In a statement by its spokesperson, Osa Director, on Tuesday, the NDC described the attack by the suspected political thugs on Mr Obi as “shameful.” The party alleged that an unnamed aide to the Governor HyaciAlia of Benue State led the attackers. It further…

Operatives of the Benue State Police Command have arrested 46 suspects in connection with the attack on the convoy of the Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi. Commissioner of Police, Cletus Nwadiogbu, who announced this on Wednesday, said investigation is still ongoing as key leaders of the youths involved in the incident are being trailed. He warned that the police in Benue State will not allow any act of political intolerance as the general election approaches. The commissioner said the command would continue to take necessary steps to identify all those involved and ensure that anyone found culpable…

Rivers United have called on football fans in Akwa Ibom State to come out in large numbers and support the team when they face San Pedro of Côte d’Ivoire in the second leg of their CAF Champions League first-round tie on Sunday, September 13, 2026. The match will take place at the Godswill Akpabio International Stadium in Uyo, with kick-off scheduled for 4:00 p.m. The appeal was made during a courtesy visit by Rivers United officials, led by the club’s Sole Administrator, Barrister Christopher Green, and General Manager, Okey Kpaloku, to the Akwa Ibom State Commissioner for Sports, Elder Paul…

Malnutrition, driven by the lack of access to adequate food, compromises immune systems and makes children far more vulnerable to common infections.The UN children’s fund, UNICEF, said on Tuesday that children under two currently account for 83 per cent of severe acute malnutrition cases.Hospitals overwhelmedHospitals are overwhelmed by increasing demand, UNICEF has warned.In parts of southern Afghanistan, hospitals are seeing three to four severely malnourished children for every available bed.Severe acute malnutrition cases which were admitted with medical complications have risen by one-third from the same time last year – from 6,000 in July 2025 to 8,000 by July 2026.Overlapping…

Image Source: Tenor Data centres used to be the kind of infrastructure people never thought about. Your app worked, your money moved, and that was that. Nobody was asking where the computers making it all happen were sitting. Now Kenya has many of those buildings (and more on the way), so the regulator is giving them their own rulebook.  What happened? The Communications Authority of Kenya (CAK), the country’s telecoms regulator, said it wants to introduce a standalone licence for commercial data centres. The CAK said the change will align its broader licencing regime with the evolving industry. Explain like…

Nigeria’s technology ecosystem is entering a critical phase of development, attracting global capital and connecting local commerce to international markets. Tech platforms are no longer simply developing software; they sit at the intersection of high-value payments, foreign exchange, and cross-border settlement. Yet, this evolution introduces a severe strategic vulnerability: financial crime. The long-term sustainability of Nigeria’s tech economy will ultimately depend on trust, contract enforcement, and the ability to prevent sophisticated digital fraud from undermining legitimate business.The recent crisis involving Zacuten Technologies and Plaude Technologies illustrates the danger. Zacuten alleges it was defrauded in a $13.07 million cross-border transaction. While $8.95…

By Dipo Olowookere The Nigerian Exchange (NGX) Limited came under selling pressure on Tuesday, triggering a 1.17 per cent loss at the close of transactions. Business Post reports that the sell-offs were across the major sectors of the stock exchange, with the banking sector shedding 4.21 per cent. The insurance space lost 2.82 per cent, the consumer goods counter depreciated by 0.29 per cent, the industrial goods index declined by 0.22 per cent, and the energy segment crumbled by 0.14 per cent. When the bourse closed for the session, the All-Share Index (ASI) crashed by 2,897.67 points to 244,802.11 points…

By ObasEsiedesa, Abuja The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders as part of plans to attract increased Chinese investment into Nigeria’s oil and gas sector and boost revenue accruing to the Federation Account. The Commission, in a statement by Head, Information and Public Relations Unit, Maryam Yusuf, said it is planning an Oil and Gas Investment Summit in China, tentatively scheduled for the end of November 2026, to showcase investment opportunities in Nigeria’s oil and gas industry to potential investors. Speaking during a stakeholder engagement in Abuja, Chairman of RMAFC’s Investment Monitoring Committee…