News
And the World is Shrinking
An often trotted out phrase – is that of the world today being a ‘Global village’…
What is meant by this is that where once we resided, both in actions, thoughts, interactions, relationships (commercial, social and/or religious) and engagement – within our immediate, geographical, social and relative circles and environment – now we are dispersed, far-flung in our travels, search for knowledge, betterment, riches, love; – you name it.
We are also by our very nature (to varying levels of effectiveness of interaction), brought into contact with others of different values, cultures understandings, awareness, consciousness.
And through these interactions – we acquire (not ‘gain’; more about that later) knowledge, new experiences, insights, exposure – and that most valued of modern-day ‘currency’, Knowledge Capital…
That is not to mention those, who for whatever reason(s), – be they social, knowledge, business and commercial reasons – have sought us out – either in our own country, or to wherever we have pitched up all over the world.
So, how do we connect, communicate, and share with others, this wealth of knowledge, opportunity – and new insight…?
We COMMUNICATE…
We are social creatures, human beings – we need to communicate, share, interact…
In meeting that biological, DNA-based need, we generate a drive to provide, share, review and respond to (or apply) information.
We do this in a variety of ways and media that has been afforded this (in varying degrees – depending on where we are, what is available and accessible – and what we can afford)…
– Mobile communications – spread of GPRS & 3G platforms, infrastructure and services by Mobile Network Operator’s to coincide with the growing proliferation of similar level devices, PDAs and phones by the increasingly (albeit slowly) sophisticated demands and expectations of their existing and new subscriber base…. reflects the change in strategy in terms of growing subscribers from the incumbent voice-based revenues to more data- and services-based models for revenue growth and customer acquisition and increasingly important – retention.
– Internet platforms for sharing between peoples widely dispersed… E.g.: On-line portals, Web-enabled services and applications, eCommerce sites, Social network sites – text, updates, jokes, pictures, comments, opinions, concerns, goods and services, advice, information…
– Broadcast – witness the growing spread of Nollywood film & movie content on various UK & US Pay-TV and the education (or information) provided to others (non-Nigerians) as to the culture, hopes, lifestyles, aspirations of the Nigerian people.
As to its truth – how really ‘reflective’ is it of the ‘Nigerian way of Life’…? Well, let’s just say that neither Hollywood nor Bollywood – the other dominant film & TV genres that have gone before it, truly reflect the societies and communities they came out of – nor should they be taken as a full-poster ad for those societies.
However, they do provide a form of insight, a sometimes colourful presentation of what is possible, on offer and the richness of the Nigerian spirit, energy drive and passion – however that may manifest itself… (We are, like all others, human after all…)
So, there we have it – the various forms of [mass] communication technology available – be they at home or abroad…
With mobile being the most pervasive, accessible and mobile (by it is very nature ); internet being the most interactive, resilient in data capacity, delivery capability and interactivity, not to mention [TV] broadcast being the most visually stimulating, interactive and evocative in its own right, any individual, community, organisation or enterprise seeking to reach this audience has a rich variety of tools at its disposal to communicate, reach and influence its target and intended audience…
In Europe (the UK particularly) and North American markets at the moment, convergence has been the buzz word for past 4 – or 5 years, with organisations from Media broadcasters, MNOs and publishing houses increasing (via growth, acquisitions, mergers, joint ventures, etc.) the range of tools and Communication platforms by which they are able to offer their services, reach their customers – and add revenues and profits to their bottom line…
Convergence is the technology-driven Strategy of combining various communication technology platforms and Content Delivery mechanisms under on enterprise (more often ‘branding’ – witness VirginMedia in the UK) umbrella.
The premise behind the logic has been simple – the more tools we have to reach the increasingly segmented and niche markets that the previously homogenous market had broken down into, the more effective and ‘in context’ the presentation of our offerings and revenues – and thus the more productive and relevant it is to the client/user/subscriber/viewer – and thus generates revenues and profits to us.
So … what tool do we use – and how best do we use it…?
Ekanem
is a technologist, Business strategist and Principal of MediaMango. MediaMango is a leading Media Content Aggregator & Distributor with its focus on the delivery of African–desired and derived content to the principal markets of Sub Saharan Africa, Europe & North America to service the African Diaspora populations & demographics. With a wealth of experience and expertise in the broadcast, media and ICT industries, MediaMango operates a multi-platform and convergence strategy model, leveraging capability, expertise, consultancy and content capability on Mobile, Internet and Broadcast platforms and channels.
Ekanem also blogs, http://fifthcapital,blogspot.com,[email protected]
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.
E-Financial2 days agoHere Are Nigerian Banks That Have Secured Their Licences
E-Financial2 days agoZenith Bank Top Nigerian Bank Pick Ahead of GTCO, AccessCorp
Telecom2 days agoMTN CEO Toriola Hails Nigeria’s Telecom Transformation at MIPAD
News2 days agoICPC Charges Ozekhome with Forgery, Corruption Over London Property
E-Financial2 days agoNigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
E-Financial2 days agoHow Crypto Criminals Stole $700m from People – often Using Age-Old Tricks
Telecom2 days agoLebara Launches Agent Registration Portal
General News1 day agoCybersecurity Firm Detects a Wave of Crypto Phishing Following BlockFi Bankruptcy












