General News
Agusto Assigns “Bbb” Rating to Comercio Partners

Agusto & Co, a foremost rating agency, has assigned a “Bbb” rating to Comercio Partners Limited, CPL. In a statement announcing the rating, Augusto said: “The rating reflects CPL’s low leverage, adequate capitalisation, good liquidity and competent and experienced management team.”

It added that, “The rating is, however, constrained by concentration in the Group’s investment portfolio, the heavy reliance on proprietary trading income, concentration in funding and the dominance of key stakeholders in the ownership and management.
“We have also considered the significant uncertainty in the economic environment, which has adversely affected businesses and households.
“CPL is a financial services group that offers asset management, securities trading and financial advisory services to high net-worth individuals (HNI), institutional and retail investors.
“The Group, which also operates a proprietary trading desk, comprises six subsidiaries: Comercio Partners Asset Management Limited, Comercio Partners Trading Limited, Comercio Partners Capital Limited, TradeFi Tech Investment Limited, Comercio Partners Property Development Limited and a Special Purpose Vehicle.”
Commenting, Stephen Osho, Co-Managing Partner, Comercio Partners, said: “The recent Bbb rating assigned to Comercio Partners Limited by Agusto & Co is a testament to the commitment of the management and staff of the firm to the highest standards of service.
“We have consistently improved our processes, responsibly and consciously focusing on our drive to meeting the set tasks of empowering minds in Africa and enhancing returns to our numerous shareholders.
“We understand the huge task of striving to stay on top and continuously implementing strategies to meet the desire and aspirations of our clients through innovation of quality products and services in our unique style.”
Similarly, Nnamdi Nwizu, Co-Founding Partner/Executive Director, Trading Division, said, “It is a testament to the hard work, dedication and processes set in place by the organization.
“At Comercio Partners, we ensure that we breathe and live our core values which are, Knowledge, Innovation, Integrity and Excellence. All key ingredients to that ensure that we continue to serve our clients responsibly.
“Whilst this rating puts a lot of responsibility on the firm, we aim and strive to improve, which we are sure will be reflected in future ratings. A big thank you to all our staff and clients who made this possible.”
General News
NCDC Warns against Using Bitter Kola, Salt Water as Ebola Remedies

Nigeria Centre for Disease Control and Prevention (NCDC) has warned Nigerians against relying on bitter kola, salt water, herbs, seasoning cubes, and other unverified substances as remedies for Ebola virus disease (EVD).

NCDC, in a public health advisory, cautioned that the spread of false claims and homemade remedies could worsen panic and undermine public health response efforts amid renewed concerns over Ebola outbreaks in parts of sub-Saharan Africa.
The advisory, titled ‘Ebola Virus Disease (EVD): Myths vs Facts’, was issued to counter growing misinformation circulating online following recent cases recorded in countries including the Democratic Republic of Congo (DRC) and Uganda.
Although Nigeria has not recorded any confirmed Ebola case, the agency said the country remains on alert because of increased cross-border movement and international travel linked to affected regions.
Responding to claims on social media suggesting that substances such as salt water, bitter kola, herbs and seasoning cubes can prevent or cure Ebola, the NCDC noted that such remedies have no scientific basis.
“There is currently no approved home remedy for Ebola virus disease. Early reporting, supportive medical care, and strict infection prevention and control measures are critical. Avoid self-medication and seek care promptly if symptoms develop,” the agency said.
The NCDC also warned Nigerians against spreading unverified health claims, noting that misinformation could trigger confusion and weaken public trust during disease outbreaks.
“Sharing unverified information can create panic and confusion. Members of the public are advised to rely only on updates from official public health authorities and credible sources,” the advisory added.
The agency urged Nigerians to remain calm but vigilant, insisting that preventive awareness and responsible public behaviour remain essential despite the absence of any confirmed Ebola case in the country.
“Although no case has been confirmed in Nigeria, outbreaks in the region require vigilance, preparedness, and responsible public health behaviour to reduce the risk of importation and transmission,” the agency said.
The warning comes days after the NCDC raised concerns over the possibility of Ebola importation into Nigeria due to the continuing outbreak in parts of Central and East Africa.
Jide Idris, director-general of the NCDC, said the agency’s latest assessment showed that Nigeria faces a high risk of exposure because of population movement and the difficulty of detecting Ebola symptoms in the early stages.
“This assessment estimated the risk of Ebola importation into Nigeria as high due to the ongoing transmission in the DRC and Uganda, international travel and population movement, uncertainty regarding the full magnitude of the outbreak, and the potential for delayed recognition because symptoms may overlap with endemic diseases such as malaria and Lassa fever,” Idris said.
General News
Otti Unveils NKATA, N306m Tech Grant for Qualified Abia Businesses

Alex Otti, governor, Abia State, has said that the N306 million grant, called NKATA, is to support technology driven businesses across the 17 local governments of the state.

Alex Otti, governor, Abia State at the launch of NKATA
The governor unveiled the programme while receiving the management team of Abia State Technology Skills Acquisition Centre (ATSAC) in Umuahia.
Governor Otti noted that the programme, a carefully targeted macroeconomic intervention, is capable of raising business productivity, strengthening local enterprises, widening the tax base, creating employment and accelerating the emergence of a technology-enabled economy across the 17 local government areas of the state, with a strong emphasis on youths, small businesses, entrepreneurship, innovation and digital transformation, adding that, “the grant could turn Abia’s small businesses into a new engine of growth.”
He explained that the N306 million intervention fund had already been earmarked for qualified beneficiaries who meet the programme’s requirements, expressing optimism that the initiative would produce a measurable impact.
He said: “I want to congratulate everyone. The N306 million is available, but beneficiaries must meet all necessary conditions. In a few months’ time, I want to hear that this intervention has yielded results, not just in monetary terms, but also in job creation, poverty reduction and empowerment of our people.”
The Abia governor said the programme aligns with his administration’s vision of building a productive, self reliant and innovation-driven economy.
The most significant aspect of NKATA, the governor stressed, is not even the amount involved, but its deeper economic meaning, which lies in the structure of the intervention, adding that: “The programme is not designed as an indiscriminate cash-distribution exercise in which beneficiaries simply receive money that may immediately disappear into pressing household consumption.
“Rather, ATSAC has explained that support will be channelled through technology service providers, software companies, hardware suppliers, internet service providers and business mentors, who will help to select businesses, acquire practical tools capable of improving operations, efficiency, competitiveness and growth.”
General News
PalmPay Young Stars Apply Financial Literacy on Shopping Spree

The PalmPay Young Stars initiative continues to create memorable experiences for children across public schools, and in celebration of Children’s Day, this year’s experience was made extra special for the young beneficiaries.

Recently, selected pupils were taken on a shopping experience, where they redeemed vouchers worth N50,000 on essential items of their choice.
Since its launch, the initiative has recognised and rewarded outstanding pupils in public schools with scholarships, school kits, and shopping vouchers, supporting their educational journey while encouraging academic excellence.
For many children, N50,000 worth of shopping can feel like a dream come true, a chance to grab everything in sight, fill carts with snacks, toys, and excitement.
But for the beneficiaries of the PalmPay Young Stars initiative, it became something more meaningful: a real-life lesson in financial responsibility.
After participating in a financial literacy workshop organized by PalmPay at the presentation ceremonies held at the various schools, the students were given their N50,000 shopping vouchers as part of their rewards under the PalmPay Young Stars program. The experience was designed not just to celebrate academic excellence, but also to teach the children how to make thoughtful financial decisions from an early age.
And when it was time to redeem their vouchers, the children put their knowledge to the test.
Rather than spending impulsively, many of the students carefully selected practical items that would support their education, personal needs, and families. School supplies, food items, household essentials, and useful daily necessities filled their carts, a reflection of the values discussed during the workshop. The financial literacy session introduced the students to basic money management.
It was a powerful reminder that financial literacy is not just for adults. When children are exposed to the right knowledge early, they begin to develop habits that can shape their future positively.
Through PalmPay Young Stars, PalmPay continues to go beyond rewards and scholarships by creating experiences that equip children with life skills, confidence, and opportunities to dream bigger.
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