News
CIoD Tasks Corporate Leaders on Economic Growth, Development

Chartered Institute of Directors (CIoD) has engaged Directors of the Institute and other corporate leaders across various sectors of the economy, with modern trends and insights on how to soar in their respective businesses in the overall interest of Nigeria economy.

Speaking during its maiden Academy’s Network Breakfast in Lagos, CIoD President and Chairman of Governing Council, Mr. Tijjani M. Borodo, said, having earned chartered status, the Institute would not leave any stone unturned in ensuring that its members, and by extension other corporate leaders, gain requisite knowledge and understanding of current models of running businesses in a volatile, uncertain, complex and ambiguous environment.
“We must take environment, social and governance issues to our boardrooms. We must be sensitive to what is happening in the world. It is imperative to keep seeking new knowledge to navigate and soar in this troubled world of business. Regarding the hunger protest, we want to see the federal and state governments doing what they promised,” he urged.
Leading an interactive session, the Chief Consultant of B. Adedipe & Associates Limited, Dr. Biodun Adedipe, who spoke on ‘Megatrends and Insights for Tomorrow’s Business Landscape’, said marketing and sales, de-globalization, collaboration, among other trends should be the top priorities for corporate leaders.
On his part, Principal Partner at Balliol Myers, Mr. Femi Ojumu, advised corporate leaders to take cognizance of global disruptions and dynamics, strategic thinking, geopolitics, and competitive advantage.
He said: “We need to be alive to the strategic and operational risks in all these. Government must make proper laws for businesses to thrive. You don’t obstruct people; you don’t make access to loans complicated. Business environment must be conducive.”
Other participants at the session advised chief executives in the public and private sectors to follow the trends in the world like the current wars and conflicts, climate change, leadership failure and the likes, which are rocking every nooks and crannies of businesses and quality of Life, then plan better ahead.
According to them corporate leadership is a call and responsibility to manage disruptions and restore lost trusts and confidence. Moreover, doyens in the corporate world must begin to incorporate the younger generation in their planning process, decision-making and policy design as a matter of urgency.
News
Atte, Nigerian Develops AI Algorithm for Hair Transplants

Atte Ayodeji, a Nigerian computer scientist,has developed an artificial intelligence algorithm capable of detecting, counting, grouping and generating healthy hair follicles during hair transplant procedures, an innovation that earned him the Best Innovative Technology award.

Atte Ayodeji
Ayodeji also graduated with a Distinction in his Master of Science (MSc) in Computer Science from Birmingham City University on Friday, adding another milestone to an impressive academic year.
Beyond his award-winning hair transplant innovation, the Nigerian researcher developed a system and framework on Explainable Artificial Intelligence (XAI) as a professional responsibility in the diagnosis of lung cancer.
His dissertation received a silver award at the PGXPO2026 Winter, further highlighting the impact of his research in applying artificial intelligence to healthcare.
Sunday Dare, special adviser on Media and Public Communication to President Tinubu, celebrated Ayodeji’s achievements in a post on X, recalling how he first met him in 2019 during his National Youth Service.
“In 2019 when I became a Minister of the Republic, I met a young man of medium height, genteel with penetrating eyes: Atte Ayodeji. His words rarely come out and he could easily be passed by unnoticed. But I noticed him especially when my SA Kemi Areola brought him to me asking my approval for him to do his Youth Service in my office. I approved. From then on he was unstoppable. His brilliance shown and he developed skills beyond his frame.”
Highlighting Ayodeji’s recent accomplishments, Dare congratulated him saying, “Congratulations Atte. I am proud of you!”
News
FG to Abolish Subsidies in Power Sector in 2027 – Minister

Mr. Joseph Tegbe, minister of Power, has said that the federal government plans to end power sector subsidies from 2027 and that there are no immediate plans for tariff increases.

Mr. Joseph Tegbe, minister of Power
The minister told journalists during the media interactive session at the weekend that the government has announced plans to phase out electricity subsidy payments from 2027 as part of efforts to address mounting liabilities in the power sector.
He explained that the planned removal forms part of the broader reforms aimed at ensuring the long-term sustainability of the electricity sector, while tackling the financial challenges confronting the industry.
According to the minister, despite the planned subsidy withdrawal, there are no immediate plans to increase electricity tariffs, reassuring consumers that the government is not considering a tariff hike in the short term.
News
AfCFTA Urges Africa to Stop Exporting Raw Materials

Patience Okala, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office has urged African countries to stop exporting raw materials and instead focus on adding value to its natural resources if it is to fully harness the opportunities offered by the African Continental Free Trade Area.

She stated this on Thursday at the Streamsowers & Köhn 20th Anniversary Business Forum, where she stressed that value addition and beneficiation are essential to Africa’s industrialisation and long-term economic growth.
According to a statement issued on Friday by the Nigeria AfCFTA Coordination Office, she said the AfCFTA goes beyond the elimination of tariffs, serving as a framework for industrialisation, value addition, and job creation across the continent.
“AfCFTA is not only about tariffs; it is also about value addition. Africa has to stop exporting raw materials. We need to add value and ensure that beneficiation is done on the continent,” she said.
Okala also said Africa’s economic transformation would depend on the effective implementation of the AfCFTA rather than on the signing of trade agreements alone.
“We have moved beyond negotiations. The success of AfCFTA will be measured by the extent to which businesses can access new markets, trade seamlessly across borders, and benefit from the opportunities created by the agreement,” she said.
She noted that Nigeria had intensified efforts to implement the agreement under the leadership of the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, including the development of simplified AfCFTA guides in six languages to help businesses understand and take advantage of opportunities under the trade pact.
Okala called for stronger collaboration among governments, regulators, and the private sector to eliminate barriers to trade and investment and build a truly integrated African market.
“As we move from policy to implementation, our collective responsibility is to ensure that the opportunities created by AfCFTA become practical realities for businesses, particularly MSMEs, women-owned enterprises, and young entrepreneurs across the continent,” she said.
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