News
FG Urged to Set up Proprietary Firms to Boost Forex Trading in Nigeria

The Federal Government has been urged to be innovative with youth focused schemes aimed at lifting Nigerians out of poverty.

According to Damilare Ogundare, the Chief Executive Officer, Habby Forex Academy, the federal government needs to create proprietary firms through the Central Bank of Nigeria (CBN) to support profitable forex traders to deepen the sector for job creation.
According to him, forex trading is getting enormous in Nigeria but Nigeria needs proprietary firms as most of the proprietary firms are foreign owned.
Ogundare who disclosed this recently in Lagos during the launch of the book titled: “Breaking The Economic Mist As A Nigeria Youth” said, “Government can help Nigerians by providing resources or proprietary firms to support any profitable trader in forex trading.
‘’The proprietary firms in the system at the moment are foreign firms; however, the government can support more local based proprietary firms to grow the sector,’’ he said.
According to him, the book is aimed at inspiring Nigerian youths with his personal story; how he started at nothing, and grew all the way to becoming a forex trader and CEO of an academy.
According to Ogundare, the book contains relevant guidelines to help the youths better their situation.
“Nowadays we have a lot of digital means where you can make money; you don’t have to do all these illegal means or fraudulent ways to make money. There are lots of opportunities listed in the book, which I believe is going to improve and empower the youth that go through the book,” he said.
He noted that the book is all about how Nigerian youth can get empowered to impact the youth population towards eradicating vices among the age bracket classified as youth, “the book benefits anybody into forex trading as it provides the fundamentals and strategies into forex trading and crypto currency.”
‘’Outsiders visualize Nigerians as a fraudulent country. This book is to inspire all the Nigerian youths with my story, my journey and how I started. It also addresses how young undergraduates can engage themselves into something profitable while schooling so that at the end of the day they can make progress for their future. Nowadays, there are digital ways you can make money without going into fraudulent activities,’’ he said.
Ogundare further advised young Nigerians who are interested in forex trading to obtain the knowledge first. Adding that, ’’you must go through the necessary stages to become a professional forex trade and never be in a hurry to make profits.’’
Toyin Folorunso and Tosin Adeshina in a panel discussion on ‘Thriving in Nigeria Economy’ said concerned stakeholders and policymakers can assist in the efforts to achieve the first of the Sustainable Development Goals (SDGs), to end poverty in Nigeria.
According to Adeshina, financial stability is the melting pot for both entrepreneurs and those working as salary earners (5-9 jobs).
They posited that sustainability in the entrepreneurs’ space demands that youth leverage on networking to create a network that will be their net worth. “The greatest power you have as a human being is the power to change your story; that is the standard, either as an entrepreneur or intrapreneur,” said Adeshina.
News
Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
News
FG to Abolish Subsidies in Power Sector in 2027 – Minister

Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

Mr. Joseph Tegbe, minister of Power
The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.
He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.
According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
News
AfCFTA Urges Africa to Stop Exporting Raw Materials

Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.

She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.
According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.
“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.
Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.
“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.
She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.
Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.
“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.
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