Author: Chike Ozohili

  • Naira Ends Week Weaker at ₦1,464.49 Amid FX Demand Pressures

    Naira Ends Week Weaker at ₦1,464.49 Amid FX Demand Pressures

    The naira ended the week on a weaker note against the US dollar at the official foreign exchange market on Friday, settling at ₦1,464.49 as sustained demand pressures continued to weigh on the local currency.

    Data released by the Central Bank of Nigeria showed that the naira depreciated by 0.4 per cent from Thursday’s closing rate of ₦1,457.84.

    The currency had started the week on a positive footing, recording an appreciation of ₦2.59 at the official window on Monday. However, the gains proved short-lived as demand for foreign exchange resurfaced, eroding early optimism.

    By Monday, the naira traded at ₦1,451.81 before weakening further to ₦1,455.08 on Tuesday. The depreciation trend persisted on Wednesday, with the currency exchanging at ₦1,455.49, and continued through the rest of the week, culminating in Friday’s weaker close.

    Despite the early gains, sustained pressure in the foreign exchange market limited the naira’s ability to hold its ground, highlighting ongoing challenges in balancing demand and supply at the official window.

  • The Alternative Bank Unveils Risk-Sharing Agrifinance Strategy, Targets Women, Youth

    The Alternative Bank Unveils Risk-Sharing Agrifinance Strategy, Targets Women, Youth


    At this year’s Agriculture Summit Africa (ASA) in Abuja, one announcement drew the attention of policymakers, investors, and smallholder farmers alike. The Alternative Bank, Nigeria’s pioneering non-interest financial institution, unveiled a bold agrifinance strategy that could reshape how agriculture is funded — and who gets to lead it.

    Putting Inclusion at the Center

    Speaking at the summit, Korede Demola-Adeniyi, Executive Director (South) of The Alternative Bank, said the institution is expanding its non-interest agricultural facilities to target women and youth, two groups often excluded from traditional banking and agribusiness finance.

    “Our goal is to ensure that women and young people don’t just participate but thrive across the agricultural value chain,” Adeniyi said. “We don’t call what we do loans because we work hand-in-hand with beneficiaries. We provide facilities at next to nothing, particularly for women. Since we share both the risk and the profit, our focus is on creating lasting impact for all parties.”

    That principle — shared risk, shared reward — underpins The Alternative Bank’s model, setting it apart from conventional lenders that rely on interest-based credit. By investing alongside its clients, the bank aims to build mutual accountability and long-term sustainability rather than short-term debt.

    From Kano’s Roads to Kaduna’s Farms

    The bank’s agrifinance vision isn’t theoretical — it’s already on the ground. In Kano State, The Alternative Bank launched a tricycle empowerment programme for women, providing 120 participants with new tricycles to generate income and improve community safety.

    “The women in Kano, who were previously underserved, now have a steady source of income,” Adeniyi said. “Beyond economic empowerment, the initiative has improved safety, as women now transport other women and children, reducing the risk of assault and kidnapping.”

    In Kaduna, the bank has taken the model further with a ginger production pilot exclusively for women farmers. Through partnerships with development institutions, the project tackles market access and pricing challenges, ensuring participants receive fair compensation for their produce.

    Staying Close to the Grassroots

    Expanding access to finance in rural Nigeria often hits one major hurdle — physical distance. To close that gap, The Alternative Bank has built a network of empowered local agents serving as real-time links between the bank and farming communities.

    “We want to remain effective in rural areas where banks can’t always be physically present,” Adeniyi explained. “Our agents help us stay connected and responsive.”

    These agents do more than facilitate transactions. They provide financial literacy, gather feedback, and help tailor the bank’s products to local realities — ensuring that rural entrepreneurs aren’t left behind.

    Looking Ahead: A Blueprint for Agrifinancing

    Before the end of the year, The Alternative Bank plans to introduce a dedicated agriculture finance product designed to integrate women and youth into key value chains across Nigeria. The product will be unveiled alongside what Adeniyi described as the bank’s “Blueprint for Agrifinancing” — a roadmap for sustainable, inclusive agricultural funding.

    “For launch updates and to access our current facilities, visit our website or any branch nationwide,” she said. “And keep an eye out for our Blueprint for Agrifinancing — coming soon.”

    As Nigeria works to unlock the full potential of its agricultural sector, initiatives like this signal a shift toward more inclusive, participatory finance — one that views women and youth not as beneficiaries, but as the drivers of transformation.

    And if The Alternative Bank’s recent track record is anything to go by, the seeds of that transformation are already taking root.


  • W’Cup Qualifier: Faulty aircraft delays Super Eagles’ arrival in Uyo

    W’Cup Qualifier: Faulty aircraft delays Super Eagles’ arrival in Uyo

    A cracked windscreen on a chartered aircraft has delayed the Super Eagles’ arrival in Uyo ahead of Tuesday’s FIFA World Cup qualifier against Benin Republic.

    The Nigeria Football Federation (NFF) disclosed this in a statement through Ademola Olajire, NFF’s Director of Communications on Saturday made available to Nigerian Anchor in Abuja.

    The ValueJet aircraft was transporting the team from Polokwane, South Africa, to Uyo, Akwa Ibom.

    The same aircraft had flown part of the delegation to Polokwane on Thursday night, arriving on Friday morning.

    The incident occurred after a refueling stop in Luanda, Angola.

    According to the NFF, the aircraft developed a cracked windscreen mid-air after take-off from Luanda.

    The pilot returned the plane safely to the airport in Luanda.

    The aircraft had also used Luanda for refueling during previous trips to and from Bloemfontein for the Matchday 8 tie against South Africa.

    The NFF said officials are working to resolve the situation.

    Authorities involved include the Minister of Aviation, the Minister of Foreign Affairs and the Chief of Staff to the President.

    Efforts are ongoing to secure flight clearance for another aircraft to convey the team from Luanda to Uyo. 

  • Ebony state govt commences clearance of N10bn gratuity backlog owed LG retirees

    Ebony state govt commences clearance of N10bn gratuity backlog owed LG retirees

    Ebonyi state government commences clearing the backlog of gratuity estimated at N10 billion it owes over 4,000 retired Local Government employees.

    Flagging off the exercise in Abakiliki on Monday, the state Commissioner for Local Government and Chieftaincy Matters, Mr Uchenna Igwe, said the move would ameliorate the suffering of the retirees.

    Igwe described the gesture as a defining moment of justice and compassion, as contained in Gov. Francis Nwifuru’s people’s charter of needs mantra.

    “These entitlements were not paid since the state’s creation and the commencement of its payment has restored hope and dignity for selfless service.

    “The governor is a promise keeper who only thinks of ways to enhance the people’s wellbeing,” he said.

    The commissioner urged the beneficiaries to use the funds judiciously especially in supporting their families and communities.

    The commissioner for Information and State Orientation, Mr Ikeuwa Omebeh, recalled that the governor inaugurated a six-member verification committee for the exercise on Aug.1, 2025.

    The committee chaired by the wife of the state’s former deputy governor, Mrs Catherine Ogbu, was tasked with authenticating claims and determining eligibility for retirees.

    “This covers the period of 1996 to 2025 as the exercise has been successfully completed and payments will be carried out on LGA basis.

    “All verified retirees will be paid through their bank accounts as the gesture will beyond welfare, inject liquidity into rural economies and stimulate small businesses,” he said.

    The Executive Secretary of the State Local Government Pension Board, Mr. Emeka Nwonu,.assured that all verified persons would receive their entitlements.

    “The Board collaborated with all relevant bodies concerned with the process, in realising set goals,” he said.

    The Chairperson of the verification exercise, Mrs. Catherine Ogbu, lauded the governor for his vision of prioritising the welfare of retirees.

    “This is a dream delayed, but presently a reality, and promise fulfilled” she said.

    The Chairman of the Nigeria Union of Pensioners, Ebonyi Council, Mr Donatus Okemini, urged Ebonyi people to pray and support the Nwifuru-led administration as it had the people’s interest at heart.

    Mrs Martha Elom, one of the retirees, thanked the governor for the gesture noting that it had ‘added a new lease of life” to her. 

  • Police warn against caste-based discrimination in Anambra

    Police warn against caste-based discrimination in Anambra

    Apparently worried by rising incidents of violence by state institutions, the Anambra Police Command has called on communities to promote peaceful coexistence.

    In a statement by its spokesperson, SP Tochukwu Ikenga, the police command advised communities to shun the ‘osu’ caste-based discrimination in particular.

    SP Tochukwu Ikenga, made the call in a statement issued to newsmen in Awka on Wednesday.

    Ikenga stated that the practice of the osu caste system violates fundamental rights of citizens.

    The Nigerian Anchor reports that some state based security agencies have been involved in recent acts of violence leading to loss of life.

    “The Police Command in Anambra has reiterated that any form of discrimination, humiliation, or denial of rights based on caste practices is barbaric, unlawful, and a gross violation of the fundamental human rights guaranteed under Nigerian law.

    “Section 42(1) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), provides that no citizen shall be subjected to any form of discrimination on the basis of community, ethnic group, place of origin, sex, religion, or circumstance of birth.

    “Likewise, Section 34(1) affirms the right to dignity of the human person and prohibits all forms of inhuman or degrading treatment.

    “The command urges residents of Anambra to promote peace, equality, and mutual respect for human rights, and to report any incident of caste-based discrimination to the nearest police station for appropriate action.

    “In addition, the Discrimination Against Persons (Prohibition) Act, 2018 criminalises all forms of discrimination and prescribes penalties for offenders.

    “The command warns that attempts to deny couples the right to marry or live freely together on the basis of caste practices is unacceptable and unlawful.

    “Once two consenting adults agree to marry, no cultural barrier or discriminatory practice has any legal standing to override their constitutional rights to freedom of association (Section 40), family life, and dignity,” Ikenga stated.

    He added that the country is governed by the rule of law “and not oppressive or degrading traditional practices, and anyone found culpable of enforcing caste-based discrimination will face the full weight of the law.

    “The dignity, freedom, and security of every individual in the state remain a top priority to the command,” Ikenga added. 

  • Just in: Victory at last!

    Just in: Victory at last!

    NUPENG suspends strike as Dangote workers can join labour unions

    Following an agreement with Dangote Refinery and Petrochemicals management on the controversial topic of workers’ unionization, the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called off its statewide strike.

    Both sides signed a Memorandum of Understanding (MoU) at a conciliation meeting called by Labor Minister Muhammad Maigari Dingyadi in Abuja.

    It was stated in the resolutions that Dangote Refinery and Petrochemicals will permit willing workers to become members of legally recognized unions.

    This decision came after NUPENG members accused the Dangote Group of depriving workers the opportunity to join recognized labor unions during two days of industrial action.

    When the dispute came to a head, the federal government stepped in through the Ministry of Labour and Employment.

    The process of unionization will start right away and be finished in two weeks, from September 9 to September 22, 2025.

    Additionally, the agreement states that no employee would face consequences for taking part in the strike.

    A part of the MoU read: “That since workers’ unionisation is a right in line with the provisions of the extant laws, the management of Dangote Refinery and Petrochemicals agreed to the unionisation of employees of Dangote Refinery and unionisation of employees of Petrochemicals, who are willing to unionise.

    “That the process of unionisation shall commence immediately and be completed within two weeks (9th–22nd September, 2025), and it was agreed that the employer will not set up any other union.

    “Arising from the strike notice, no worker or employee of Dangote Refinery and Petrochemicals will be victimised.”

    The Nigerian Labour Congress (NLC), the Trade Union Congress (TUC), the Dangote Group, NUPENG, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Ministry of Labour and Employment all signed the agreement.

  • Katsina adopts bottom-up approach for 2026 budgeting

    Like Delta, Katsina State Government has organised a town hall meeting across the 361 wards in the state to assess community needs and gather citizens’ inputs for the 2026 budget.

    The town hall meeting was inaugurated on Thursday at Kankara Local Government Area (LGA),by the Deputy Governor, Alhaji Faruq Lawal-Jobe.

    Nigerian Anchor reports that the current administration in Delta state had adopted similar bottom-up approach to get the buy-in of citizens in the annual budget plan.

    In a speech at the event, Katsina deputy governor said the initiative, approved was  part of the state’s preparation for the formulation of the 2026 budget .

    “This event marks a significant milestone that reaffirms the government’s  commitment to inclusive governance, citizen participation, and Community-Driven Development (CDD).

    “Gov. Dikko Radda’s administration believes that the best ideas for development often comes from the people as they live with the realities we seek to transform.

    “The town hall meeting taking place in all the 361 wards in the state represents more than just a consultation, it is part  of a broader vision to deepen democratic governance, promote accountability, and ensure that our budget reflects the actual needs of our communities.

    “We are here to listen and to collaborate towards building a stronger, as well as a virile Katsina State together,” according to the deputy governor,” he said.

    Lawal-Jobe  further explained that the initiative, jointly implemented by the state’s Ministry of Budget and Economic Planning and the Community Development Programme ( CDP,), was a deliberate policy designed to bring government closer to the people and improve  service delivery to the citizens.

    According to him, the policy will give the residents the platform to voice their challenges, outline their priorities and suggest workable solutions.

    He pointed out that through the approach, they were  implementing the core principles of CDD by empowering the people to actively participate in shaping the interventions that affect their lives.

    The deputy governor added that in so doing, they were  also fulfilling their obligations under the Open Government Partnership (OGP), and reinforcing their transparency and accountability frameworks.

    In his remarks, the state’s Commissioner for Budget and Economic Planning, Alhaji Anas Malik, said the process was not just another meeting, but a strategic shift in the way they plan and budget.

    He added, “For too long, budgets were drawn  up with minimal consultation with the very people they are meant to serve.

    “But today, we’re changing that narrative. We’re here because we believe the voices of our citizens matter.

    “We believe that development must begin at the grassroots, and we believe that for any budget to be effective, it must reflect the real priorities of the people.

    “The exercise will also help us differentiate between what the local government should address, what the state government should prioritise, and what should be escalated to the Federal government or development partners.”

    “We are also working closely with Local Government Councils, CSOs, traditional institutions, and the media to ensure transparency and accountability throughout the process,” he said.

    Earlier, the Coordinator of the CDP, Dr Kamaludeen Kabir, said that the meeting across all wards of the state was as a result of Radda’s unwavering belief in participatory democracy and CDD.

    “This initiative did not just happen by chance, it is a bold policy decision by a governor who believes that development must begin with the people, and that communities must define their own priorities.

    “His Excellency deserves our collective commendation for bringing this idea to life and institutionalising it as part of the state’s budgeting process,” Kabir said.

    He told the participants that the 2026 budget would  be shaped by their priorities, challenges, and aspirations, from water to education, roads to markets, health centres to livelihood opportunities. 

  • 58th anniversary: Rivers Administrator calls for unity, progress

    58th anniversary: Rivers Administrator calls for unity, progress

    The Rivers Sole Administrator, Vice Admiral Ibok-Ete Ibas (Rtd), has stated that the strength of the state lies in its diversity, unity, shared identity, and common purpose.

    Ibas made the remark during a Special Inter-denominational Thanksgiving Service at the Ecumenical Centre organised by the state government to mark the Rivers’ 58th anniversary in Port Harcourt, on Sunday.

    He urged the citizens of the state to reflect on the past achievements and collaborate to build a more prosperous future.

    He urged political, traditional, religious and community leaders to prioritise the collective good of the state, stressing that development must be inclusive and fair to every community.

    Ibas highlighted the need for improved infrastructure, quality education, and accessible skills acquisition programmes for youths in the state.

    He also emphasized the importance of transparency, accountability, and responsive public institutions.

    He, however, described the thanksgiving service as a sacred moment for reflection, forgiveness, and reconciliation.

    ’’ Let us not only celebrate our past but also commit to shaping a future where our children are confident in their identity, faithful to their heritage, innovative in enterprise and God-fearing in characters.

    “As Rivers State celebrates its 58 years, we reaffirm commitment to fostering unity, equitable growth, and sustainable development for all citizens in the state and Nigeria,’’ he said.

    Ibas expressed confidence that the state would emerge stronger and more determined than ever before despite its challenges.

    The Chaplain of the Chapel of Everlasting Grace, Barasin Ogan, described ‘’the power of thanksgiving as a divine command that unlocks blessings and acknowledges God as the source of all prosperity.’’

    Ogan based his sermon on a Bible text from Psalm 100, verses 1-5, which was read by Prof. Ibibia Worika, the Secretary to the Rivers State Government.

    He urged Rivers citizens to embrace peace and unity for the growth of the state.

    Rivers was created in 1967 by a military leader, Yakubu Gowon and Alfred Diete-Spiff served as its first military governor from 1967 to 1975.

  • Enugu A/port: Report of 80-year duration of concession untrue

    Enugu A/port: Report of 80-year duration of concession untrue

    The Ministry of Aviation and Aerospace Development on Monday, in Abuja disputed online reports claiming concession of Enugu international airport had been agreed upon.

    This is contained in a statement signed by Mr. Tunde Moshood, the Special Adviser on Media and Communications to the Minister of Aviation and Aerospace Development.

    According to Moshood, the online reports are utterly baseless and untrue.

    “Our attention has been drawn to certain online reports/stories suggesting that a certain lengthy period of concession has been agreed upon regarding the Enugu International Airport.

    “It is true that Government is considering proposals for concession of five major airports, this is a proactive measure to ensure these vital facilities meet and maintain international standards, given increasing financial demands of their operations.

    “Many of our airports are presently running at a loss, so they have to be subsidised each month by the Federal Government. It is noteworthy that this initiative to concession started from previous administrations. “

    He, however, said that at this stage, prospective concessionaires have indeed submitted various proposals, including different durations for the concession.

    He further said that the Ministry of Aviation and Aerospace Development had not established any fixed duration.

    According to him, all submitted proposals are currently undergoing thorough evaluation that will eventually be reviewed by the Infrastructural Concession Regulatory Commission (ICRC) before it is presented to the Minister for conveyance to FEC for approval.

    “We can confirm that this review process has not been concluded.

    “However, for the sake of transparency, Festus Keyamo, Minister of Aviation and Aerospace Development, directed, some months ago that the Aviation Labour Unions be included as part of the negotiating teams.

    “Therefore, we must state unequivocally that the information suggesting a predetermined concession duration is false, unfounded, and intended to cause unwarranted disaffection and mistrust in this process by those with entrenched interests.

    “Please be assured that the Ministry of Aviation and Aerospace Development is committed to a transparent process that adheres strictly to due process, “ he said.

    Moshood said that with the minister`s training and track record, he would not allow anything untoward to happen under his watch.

    “ He has so far run the ministry in a transparent manner and will not fall into the same mistake of the past.

    “We will ensure that all decisions are made in the best interest of the nation and the aviation sector. 

  • Be my Beatrice

    Be my Beatrice

    By Ike Azuka

    The unwelcome call came,
    With it, a chilling voice at the other end,
    In the wee hours of that Saturday

    That sad Saturday
    “Mama is closer to the other side than to recovery.”

    An hour passed, or thereabouts,
    Then the chilling voice came once again, with the killer punch

     “Mama just died.”
    The shock was too hard to sink in
    My mind flooded with thoughts, meditations and questions
    And with them, sweet memories of you,

    Oh,what sweet memories

    Suddenly, I realized I am now an orphan
    You gave of yourself  wholly and selflessly
    Throughout my years of innocence


    Oh Mama,why leave me forlone?

    “A son never grows up to his mom,” you would always tell me
    Our chats and conversations would always end in jokes and chuckles

    Before your spiritual presence, I stand, my beloved mother,
    To make but one request:
    As you pass the baton to me,
    Wrap me in your celestial protection
    Deign to hear and hearken

    For just as Beatrice guided Dante to Paradise (Dante’s Divine Comedy), so too have you been my guide
    A beacon of love, grace, and wisdom

    And though you now dwell beyond
    Let your spirit continue to lead me
    To whisper through the winds
    To light my path as I carry forward

    Oh dear Mama, be my Beatrice
    Deign to hear and hearken

    An Ode To My Beloved Mama by Ike Azuka