News
Airtel Redeems 2015 Range Rover Prize to Winner

Airtel, leading telecommunications company in Nigeria, has redeemed its prize to Mr. Abiodun Adio, a truck driver, who emerged the lucky winner of 2015 Range Rover Vogue’s grand prize of the Red Hot Promo Season 2.
The grand finale of the promo was held at Airtel Head Office, Banana Island, Lagos in the presence of TCQ &A, an independent auditor and journalists from different media organizations.
At the car presentation held in Lagos, winner of the Range Rover valued at N30 million who was contacted through the phone at the event confirmed that he is a commercial truck driver residing at Akute, Lagos.
Also, at the ceremony, seven other millionaires (N1m each) were presented with their cheques.
The Grand Raffle draw was held penultimate week in the presence of Mr. Wale Akingbade, managing director, TCQ & A Associates, an independent auditor to ensure transparency during the draws of the promo.
Speaking at the ceremony, Mr. Segun Ogunsanya, managing director and chief executive officer, Airtel Nigeria, congratulated the grand prize winner and others who participated in the promo adding that Airtel is determined to add value to the lives of its numerous subscribers.
He added that Airtel will continue to appreciate loyal subscribers.
Meanwhile, Kenechukwu Okonkwo, head, High Value Segment Airtel Nigeria had said that customers’ recharge and accumulates points to get selected in the top 10 numbers and the numbers are transferred to check their names on the KYC for verifications of the numbers with registered names.
He said, “The Airtel Red hot promo season 2 is arguably one of the best promo ever in the Nigeria telecommunication industry that has change the life of its loyal customers by making their dreams come a reality, in becoming millionaire.
“The Airtel Red Hot promo qualification was open to everyone on the Airtel network and was design to enrich its loyal customers.”
Also, the auditing firm represented by Akingbade, remarked that the draws were to put smiles into the life of hundreds of families.
“The draw is based on transparency and accuracy and no hard coded numbers is involved”.
Akingbade also observed that Staff and family members of the auditors including Airtel couldn’t have emerged winners, as Airtel is the only company conducting promos ensuring testing of the applications and auditing the process.
Adio, who shared his delight over the grand prize, said that Airtel has distinguished itself in the service offerings to the subscribers and has crowned it all with the Red Hot promo.
The winner said he doubted the credibility of the process, not even when he was contacted, but now ‘markets’ the brand in his neighbourhood.
Similarly, Bassey Eya, from Akwa Ibom, said “When somebody from Airtel called me in December that I won N1m, I didn’t believe him. I thought it was a scam; even my family and friends were discouraging me from answering the calls, but now, I can testify that it’s real. Thanks to Airtel Nigeria!”
Following the success of its ‘Red Hot’ promo which was first introduced in 203, Airtel re-launched the second edition of the consumer promo in December 2014, which has created life-changing opportunities for scores of Airtel customers to become instant millionaires.
For the second edition, Airtel Nigeria raised the bar by offering a star prize of a brand new 2015 Range Rover.
The promo, according to Airtel Nigeria, also produced one winner of one million naira daily while 100 lucky customers each won N10,000 daily for 60 days, through electronic draws.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
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