General News
BoI, NCDMB Sign MoU to Build In-country Capacity for Manufacturing of Oil, Gas Components

The Bank of Industry (BoI) and the Nigerian Content Development Monitoring Board (NCDMB) have signed a Memorandum of Understanding (MoU) to develop local capacity for the manufacturing of oil and gas components and equipment in the country.
The move according to them is expected to increase Nigeria’s 10 per cent capacity in manufacturing oil and gas components, equipment and machinery.
The Executive Secretary, NCDMB, Simbi Wabote, at the BoI/NCDMB signing of the NOGaPs Memorandum of Understanding (MoU) in Lagos, said the partnership has made available a pool of funds to encourage in-country manufacturing, pointing out that the NCDMB and BoI are putting up funds to encourage people to manufacture in Nigeria with an attractive interest rate of 8 per cent.
“The other fund is to support businesses that wants to establish themselves within the industrial parks that has been built by the NCDMB. We have two of those parks that are almost ready to be commissioned this year.
“We are in the process of getting tenants into those parks to manufacture oil and gas equipment in the country, so it is highly incentivised in terms of encouraging them to establish themselves, “he said.
He noted that the fund is to encourage in-country manufacturing, maintaining that according data and statistics, over 98 per cent of oil and gas contracts have been awarded to Nigerians.
In his words: “Today, we pride ourselves that almost 98 per cent of the contracts in the sector is given to Nigerians, but when you drill deep into the components and equipment that are used in the industry, the manufacturing capabilities is extremely limited that we cannot even boast of 10 per cent. So, we want to up the game in manufacturing and all it requires is that the business would be domiciled within the park and manufacture within the park.”
According to him, the loan scheme is incentivised with an 8 per cent interest, a one-year moratorium and a 5 year pay back period.
Also speaking, the Managing Director, Bank of Industry, Oluwakayode Pitan, said so far, over 62 companies have benefitted from the Nigerian Content Intervention Fund (NCIF) $300 million facility disbursed to eligible companies to solve the funding challenge of the local supply chain in the oil and gas industry.
According to him, the beneficiaries went through a risk assessment of the bank and of the Board before the funds were disbursed, saying that the repayment ratio of the fund is close to 100 per cent with all the loans performing.
“All we are looking for are Nigerians who want to manufacture in Nigeria. The industrial parks are of high quality that meets global standards. I want to encourage manufacturers who are looking at the oil and gas sector in particular to go the parks and take space, “he urged.
General News
NIMC Sets 48-hour Deadline for Diaspora Partners to Activate New Licences

The National Identity Management Commission (NIMC) has given its Diaspora Front-End Partners (FEPs) 48 hours to obtain and activate their National Identification Number (NIN) enrolment licences on its newly upgraded diaspora enrolment platform.
The commission said the deadline followed the successful completion of a major upgrade aimed at improving the security, efficiency and reliability of NIN registration for Nigerians living abroad.
According to NIMC, the upgraded platform will offer a more seamless and robust service to diaspora applicants, ensuring faster processing and better data protection. To prepare for the transition, all FEPs have been onboarded onto the new system and taken through intensive training to equip them with the knowledge needed for effective management of the platform.
Once compliant partners activate their licences, Nigerians abroad will be able to access NIN enrolment services through them without disruption.
“The Commission apologises for any inconvenience the upgrade process might have caused and has set up a dedicated service team to resolve all issues related to diaspora enrolment,” NIMC said in a statement signed by Dr. Kayode Adegoke, its head of corporate communications.
Diaspora applicants experiencing difficulties have been advised to contact the commission for prompt assistance.
While the new system rolls out overseas, NIN enrolment continues across all centres in Nigeria, with applicants able to locate their nearest centres on the NIMC website. Nigerians at home or abroad can also modify their NIN data via the online self-service portal.
NIMC further encouraged NIN holders to download the NIMC NINAuth App on iOS or Google Play to instantly verify their NIN, control who can access their information, and enjoy secure authentication services.
General News
Kuwait Busts Nigerian Cybercrime Ring Targeting Telecom Tower, Banks

Kuwait’s Criminal Security Sector has dismantled an international cybercrime ring composed of Nigerians responsible for coordinated attacks on telecommunications towers and banks, the Ministry of Interior announced on Sunday.
According to Arabic-language daily Al Qabas, the case was initiated after the Communication and Information Technology Regulatory Authority reported cyber intrusions targeting local telecom networks.
Specialised security teams quickly launched an investigation, discovering that the suspects used advanced electronic devices to breach networks and distribute mass phishing messages impersonating banks, aiming to steal account information and siphon funds.
Signal-tracking technology led investigators to a vehicle in the Salmiya area.
When authorities attempted to stop the vehicle, the driver tried to flee, colliding with several cars before being apprehended following a fierce struggle.
A search of the vehicle uncovered sophisticated electronic equipment and various technical tools.
Upon investigation, the suspect confessed to collaborating with an accomplice to hack telecom networks and send fraudulent messages posing as banks and telecommunications companies.
Police subsequently located and arrested the second suspect, and a search of their residence uncovered additional devices used to analyse the stolen data.
Both suspects, along with the seized equipment, have been handed over to the relevant authorities for prosecution.
The Ministry of Interior reaffirmed its commitment to protecting the nation’s cybersecurity and intensifying efforts to combat electronic fraud targeting both citizens and residents.
General News
Nigerian Scientists Await Return of Egusi Seeds Sent to Space

Space in Africa, the Lagos-based firm Oniosun founded, is expecting its Egusi melon seeds to splash down in the Pacific Ocean Saturday—fresh from a trip to the International Space Station.
Once Earthside, experiments will begin on what is being hailed as the first food native to West Africa to be sent to space.
As Oniosun told AFP on Friday, it could herald an era where space exploration reflects the planet’s diversity.
“When we talk about humans colonizing other planets, this is not just an American mission or a European mission—this is a global mission,” he told AFP.
And future African space explorers might enjoy a taste of home.
Experiments on extraterrestrial food, which is to say tested in space, have been going on for years.
Growing food in space is seen as a crucial part of long-distance space flight and long-term missions, where frequent resupply won’t be feasible.
Scientists at the University of Florida in the United States, and the International Institute of Tropical Agriculture, in the southwestern Nigerian city of Ibadan, will examine the seeds “to see the effects of exposure to space” and zero gravity, including on the seeds’ DNA.
Once planted, researchers will monitor their post-space performance and germination.
The seeds went up to the ISS on a SpaceX flight last week, as part of NASA’s partnership with private firms.
Oniosun said the inclusion of Egusi seeds marked an important step forward, both for those on Earth as well as future astronauts.
High in protein, they are typically used to prepare soups and stews across West and Central Africa.
Africa’s most populous country has a small space industry, but the launch of the seeds seemed to generate more excitement on social media and in newspapers than previous launches of Nigerian satellites, he said.
“The moment that we’re sending food that they love, a food that holds significant cultural contexts to Nigeria… everybody starts getting interested in the subject,” Oniosun told AFP.
“The launch of Egusi melon seeds into space is more than a symbolic gesture,” he added.
“The future of humanity among the stars must reflect the diversity and richness of life on Earth.”
Whether pounded yam—the key dish served alongside Egusi soup—will make its way to the final frontier remains to be seen.
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