News
Procter & Gamble, Ogun State Partner to Improve Child Health & Hygiene of Infants

Procter & Gamble has reiterated its commitment to reduce infant mortality and promote child health in Nigeria through its recently announced partnership with the Ogun State Government.
This partnership between P&G and the Ogun State aims to encourage more children to be immunized and as such contribute to improving the health outcomes of over 10,000 babies in the state through P&G’s donation of over 400,000 Pampers® diapers. This announcement was made at the official flag off event held at Igbogila Primary Health Care Centre, Ogun State.
P&G’s citizenship programs in Nigeria is focused on delivering health, hygiene, and education programs to the populace. With this partnership, the company will support Ogun state primary health development board and the Office of the First Lady on their drive to improve child health and hygiene of over 10,000 more infants through increased immunization in the state.
Speaking about the partnership, the P&G Africa Director for Government Relations & Public Policy, Dr. (Mrs.) Temitope Iluyemi said, “At P&G, we deliver our promise to make everyday life just a little bit better for our consumers. Our Pampers® brand is dedicated to every baby’s happy, healthy development.
“This is why we are thankful to the Ogun State Government for this partnership to improve the health and hygiene of over 10,000 more infants in the state by increasing immunization rates in areas with historically low rates.”
“P&G aims to be a force for good and a force for growth in the communities where we live and work. Our operations have generated over 4,000 jobs and through our citizenship programs, we touch over 5 million Nigeria lives” Dr. (Mrs.) Iluyemi added
In her remarks, the first lady of Ogun State, Mrs. Bamidele Abiodun added, “The Ogun State Government remains committed to promoting maternal, newborn and child health in the state as displayed during the recent Maternal, Newborn and Child Health (MNCH) week earlier this year.
“I believe that every child has a right to quality health, which is why we are appreciative of P&G’s donation of Pampers® diapers to support our ongoing initiatives.”
In addition, the Honorable Commissioner for Health, Dr. Tomi Coker, represented by the Permanent Secretary of Health, Dr. Adesanya Ayinde, noted that “the donation of Pampers® diapers by P&G to over 10,000 babies will support the government’s drive to increase the rate of immunization in the state – especially in areas with low rates of immunization. This will especially be helpful as we work towards achieving 100% immunization rate in the state”
For over 25 years in Nigeria, Procter & Gamble, producer of notable brands like Always®, Ariel®, Pampers®, Gillette®, Oral B® and Safeguard®, has been an active investor in Nigeria, creating over 4,000 jobs through its manufacturing operations in Ibadan and Lagos and its world class distributor centre in Agbara.
P&G’s Children Safe Drinking Water program (CSDW) has provided hundreds of million liters of safe drinking water in Nigeria helping to prevent possible death and disease from contaminated water while its Always/UNESCO program is empowering over 110,000 Nigerian girls and women with basic literacy and skills development through ICT in Northern Nigeria.
In addition, P&G SME Academy – in partnership with the Ministry of Industry, Trade, and Investment – has trained hundreds of SMEs on basic business management training and skills to improve their standards, ensure longevity and enable their integration into global value chains.
News
DataPro Upgrades Dangote Cement’s Credit Rating to AA+

DataPro Rating Agency has upgraded the long-term credit rating of Dangote Cement Plc to AA+ from AA, citing the company’s strong financial performance, market leadership and ability to meet its financial obligations despite Nigeria’s challenging economic environment.

In its latest rating report, the technology-driven credit rating agency also affirmed Dangote Cement’s short-term rating at A1, with a Stable Outlook. The ratings are valid until June 16, 2027.
DataPro said the upgrade reflects the cement maker’s sustained financial strength, resilient operating performance and dominant position in Nigeria and across Africa.
According to the agency, the assessment followed a comprehensive review of the company’s capital base, earnings, liquidity, corporate governance, regulatory compliance and the sustainability of its financial performance over the medium to long term.
It noted that Dangote Cement’s strong brand, leading market share, solid earnings, robust asset base and experienced management continue to strengthen its ability to meet financial commitments on time.
The agency also highlighted the company’s outstanding financial performance in 2025.
According to the report, Dangote Cement posted N4.31 trillion in revenue during the year, representing a 20 per cent increase from the previous year. Profit before tax more than doubled, rising 109 per cent to N1.53 trillion, driven by higher sales, improved operating efficiency, lower finance costs and a stronger capital structure.
DataPro said the AA+ long-term rating indicates low credit risk and reflects excellent financial strength, business profile and operating performance relative to its rating benchmarks.
It added that the A1 short-term rating signifies good credit quality and shows that the company has a strong capacity to meet its short-term financial obligations as they fall due.
The rating agency, however, noted that the credit rating has a maximum shelf life of 12 calendar months in line with international best practice and should be used only as a reference, not as an offer to trade in securities or as a substitute for investors’ independent judgement.
News
Xora Finance, Fintech Firm Refuses to Hire Nigerians over Alleged Dishonesty

Xora Finance has announced it will no longer consider job applicants from Nigeria.

Xora Finance is a digital bank founded by Joren Lundgren, in February 2026 and allows users to deposit and earn interest on their XRP cryptocurrency.
Lundgren, founder, in an announcement on X (formerly Twitter), cited an ongoing pattern of misconduct, such as dishonesty and theft, from previous Nigerian hires as the reason for the decision.
This sudden blanket ban came just days after the company’s official career page was aggressively recruiting remote workers for marketing and content roles.
The announcement generated heavy backlash online, with many people upset that a blanket rule punishes honest job seekers.
News
How Ponzi Scheme Victims can Seek Legal Remedies — Lawyers

Some lawyers have said that victims of Ponzi schemes have legal remedies, although recovering lost funds and prosecuting perpetrators remain major challenges.

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new participants rather than from actual profits.
Operators lure victims by promising high returns with little to no risk.
The scheme inevitably collapses when the flow of new investors slows down.
Some lawyers who spoke to News Agency of Nigeria (NAN) separate interviews with on Sunday, said that victims could pursue civil actions to recover their money.
Mr Chibuikem Opara, a lawyer at Justification Chambers, Ikeja,said many Nigerians continued to fall victim to Ponzi schemes in spite of repeated warnings.
Opara said it was wrong to attribute participation in Ponzi schemes to a lack of investment opportunities, noting that promoters often exploit investors’ greed through promises of unrealistic returns.
“What you cannot take away is the fact that many Nigerians have fallen and continue to fall victim to these schemes every time,” he said.
According to him, victims may individually or collectively institute civil actions against the beneficiary company for breach of contract or refund arising from failure of consideration.
Opara said victims could also unite to seek an order from the Federal High Court to wind up the beneficiary company.
He, however, noted that such efforts might yield little benefit if perpetrators had already siphoned the funds and left behind an empty shell.
The lawyer said available remedies largely depended on the actions of relevant authorities, adding that recipient accounts could be frozen to facilitate fund recovery and support winding-up proceedings.
Opara said regulators and law enforcement agencies often became aware of Ponzi schemes only after substantial losses had occurred.
According to him, victims frequently failed to report suspicious schemes early enough to enable timely intervention.
He added that funds are sometimes moved outside the country before authorities become aware of the fraud.
Opara also cited inadequate information and the deceptive nature of the schemes as major obstacles to investigation and prosecution.
“Most times, everything about the schemes is made to appear elusive, just like the profits promised to victims,” he said.
Also speaking, Mr Vincent Aminu of A.F. Aminu and Co. advised that victims of investment scams should report such cases to appropriate law enforcement agencies on time.
Aminu said victims could petition the Economic and Financial Crimes Commission (EFCC) or file reports with the police.
He said that after investigation, prosecutors could bring charges against suspects under relevant fraud-related laws, including provisions of the Criminal Code and the Advance Fee Fraud and Other Fraud Related Offences Act.
Beyond criminal prosecution, Aminu said .victims could pursue civil actions to recover their money
According to him, such actions may be based on breach of contract, unjust enrichment, or fraudulent misrepresentation, depending on the circumstances.
He added that victims could petition the Securities and Exchange Commission (SEC), which could investigate illegal operators, shut down unauthorised platforms, and freeze assets.
He identified the anonymity of online fraudsters as one of the biggest challenges confronting investigators.
According to him, many operators concealed their identities through fake digital profiles and technologies that made tracking them difficult.
Aminu also noted that victims who delayed taking legal action risked losing opportunities for redress.
He added that prolonged court proceedings often delayed justice for victims.
“Many fraud-related cases take years before the court reaches a verdict, thereby delaying justice for victims,” he said.
Also, Mr Chris Ayiyi of Ayiyi Chambers, Apapa, described Ponzi schemes as a gamble that benefited early participants at the expense of later investors.
Ayiyi said some early entrants received returns on their investments, thereby encouraging others to join the schemes.
He said the schemes eventually collapsed, leaving late investors to bear the losses
The lawyer called for a complete ban on Ponzi schemes or sustained public enlightenment campaigns against them.
He urged the National Assembly to enact laws that would strengthen regulation and provide greater protection for investors.
According to him, stronger legal safeguards are necessary in a country operating a capital-based economy.
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