General News
FG Claims Ebola Drug Find; US Suspects Fraud

Nigeria has received experimental drug from unnamed Nigerian scientist to treat Ebola virus, but the government may face a difficult choice deciding which handful of Ebola patients in Nigeria will receive the drug that could prove life-saving, ineffective or even harmful.
But the U.S. Food and Drug Administration (FDA) said on Thursday it has become aware of products being sold online that fraudulently claim to prevent or treat Ebola.
The FDA’s warning comes on the heels of comments by Prof. Onyebuchi Chukwu, minister of Health, who reportedly said that Ebola patients in Lagos, will receive an experimental treatment called “Nanosilver”.
Chukwu said that “The only experimental drug we have now is Nanosilver, provided by a Nigerian scientist; details of the drug will be disclosed later to the media.
“However, we have 11 confirmed cases of Ebola in Nigeria, out of these, three are dead, Patrick Sawyer, a Nigeria nurse and ECOWAS protocol officer.
“Apart from Lagos, there is no Ebola case in any states of the federation’’, he said.
But Erica Jefferson, a spokeswoman for the FDA, said she could not provide any information about the product referenced by the Nigerians.
The FDA did not specify any products in its warning.
Silver has been used as an antibacterial for centuries. Tiny silver particles known as nano-silver have controversially been incorporated into a variety of consumer products such as socks and bedding to help block odors caused by bacteria and mold.
The U.S. Environmental Protection Agency considers nano-silver a pesticide. Manufacturers of products that contain it must register them with the agency.
Nano-silver is also sometimes sold online as a dietary supplement even though Danish researchers found in a recent study that nano-silver can penetrate and damage cells.
The FDA regulates dietary supplements and said in its statement that “by law, dietary supplements cannot claim to prevent or cure disease.”
The agency said it had received consumer complaints about the Ebola claims.
“Individuals promoting these unapproved and fraudulent products must take immediate action to correct or remove these claims or face potential FDA action,” the agency said.
The Ebola outbreak ravaging West Africa has claimed 1,069 lives so far. Most have been in Guinea, Sierra Leone and Liberia. Nigeria has confirmed 10 cases of the disease and four deaths.
General News
NIHSA Warns States of Possible Flood within Seven Days

Nigeria Hydrological Service Agency (NIHSA) has warned of possible floods in parts of Adamawa, Bauchi, Edo, Imo, Enugu, Akwa Ibom, Cross River, Kaduna, Plateau, Niger, Benue, and Borno states within the next seven days.

According to information posted on NIHSA X handle, the Agency announced medium flood advisory in force for the next 7 days across Adamawa, Bauchi, and 11 other States.
“Localised inundation is forecast along the main channel; named communities below sit on the projected footprint. Stations: Saminara on the Karam river, Waya Dam Site on the Waya river, Amber on the Amber river.
“Adamawa; Lemsa, Lamurde, Numan Exposure: 147 comm. 49 schis 40 hith 6 mkts17 relig. Bauchi-Bauchi, Ningi, Shira. Exposure: 4 comm. Kaduna; Chikun, Giwa, Igabi, Jaba, Jema’a, Kachia, Kaura, Kauru, +6 more. Exposure: 1 comm.
“Borno-Gubio, Mobbar. Exposure: 680 comm. 8 schls 6 hith 5 mkts 21 relig. Edo-Akoko-Ed, EtsakoEa, EtsakoWe, Ikpoba-Okha, Orhionmw, OviaNort, OviaSo.. Exposure: 3 comm.
“Imo-Aboh-Mba, Oguta, Ohaji/Eg, Okigwe, Owerri North, Owerri West. Exposure: 3 comm. 7 more states affected and severity LGAs”.
NIHSA advised people in the affected areas to “do NOT cross flooded roads, bridges, or fast-moving water on foot or by vehicle.
“Clear drainage channels and river-mouth blockages; avoid building or living in the floodplain and move people, livestock and valuables from the floodplain to pre-identified higher ground,” NIHSA stated.
General News
First Trustees Advocates Estate Planning as an Essential Tool in Every Wealth Creation Strategy

First Trustees Limited, a subsidiary of FirstHoldCo Plc., and a leading provider of fiduciary and trusteeship services in Nigeria, is encouraging individuals, professionals, entrepreneurs, and investors to view Estate Planning not as an end-of-life exercise, but as a strategic investment tool for protecting, preserving, and transferring wealth across generations.

As more Nigerians focus on wealth creation through businesses, real estate investments, and other income-generating assets, experts are emphasizing that building wealth is only one part of the equation.
Equally important is creating structures that ensure those assets remain protected, properly managed, and seamlessly transferred to succeeding generations in accordance with the asset owner’s wishes. Importantly, Estate Planning is not solely for the wealthy, it is a prudent step for anyone with assets, dependants, or a business to protect, regardless of age, profession, or net worth.
Speaking on the importance of Estate Planning, Ereifemi Akeredolu, Managing Director/CEO, First Trustees Limited, noted that Estate Planning should be considered a core pillar of every long-term financial strategy.
“Many people focus on creating wealth but give litle thought to preserving it. Estate Planning is a wealth protection strategy that helps individuals safeguard their assets, secure their family’s future, and ensure that the value they build today continues to benefit future generations.”
Using tools such as Trusts, Wills, and advanced succession plans, individuals can build structures that support wealth preservation, business continuity, asset protection, and intergenerational wealth transfer.
For entrepreneurs and business owners, Estate Planning serves as a powerful tool for ensuring business sustainability, helping organizations remain stable and operational regardless of unforeseen circumstances.
First Trustees continues to emphasize and educate on the importance of Estate Planning as a comprehensive strategy for proactive planning. It remains one of the most important financial decisions an individual can make: it provides clarity, minimizes uncertainty, and protects assets from unnecessary erosion and disputes. It also creates financial security for loved ones, supports business succession and continuity, and facilitates long-term investment and legacy planning.
General News
Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

Nearpays, Nigerian fintech, has won the AI for Good Innovation Factory grand finale — the first African startup ever to take the global title in the competition, which runs as part of the United Nations’ AI for Good Global Summit.

The competition drew more than 500 startups worldwide, each pitching AI solutions aimed at social and economic challenges.
The summit itself is organised by the UN through the International Telecommunication Union (ITU) in partnership with several UN agencies, convening governments, researchers, startups, and technology companies around AI’s role in development.
Nearpays’ route to the title ran through Johannesburg, where it won the African regional competition, before advancing to the global finals in Geneva.
There, the company progressed through the semi-finals and claimed the grand finale — a first for the continent.
The company describes the win as bigger than a corporate milestone, calling it a victory for African innovation and proof that technology built to solve local problems can compete, and win, on the world stage.
Nearpays was founded to close a stubborn gap in African payments: small and medium-sized businesses that can’t afford or access traditional point-of-sale terminals.
Cost, availability, and deployment hurdles have kept many merchants — particularly in rural and underserved communities — locked out of digital payments.
Its answer is SoftPOS: an AI-powered platform that turns compatible Android smartphones into payment acceptance devices, letting merchants take contactless card payments with nothing more than their phones. AI is embedded across the platform, supporting payment processing, compliance, fraud detection, and business operations.
Crucially, the platform was built for African infrastructure realities — it works both online and offline, so merchants can keep accepting payments even without internet connectivity.
The company credited its team’s years of product development and customer engagement for the result, and thanked the UN, the ITU, and the AI for Good initiative for building a platform where innovators can apply AI to real-world problems.
It also said it hopes the win encourages more African founders to build technology that answers local needs while competing internationally.
For Nearpays, the title closes one chapter and opens another, as the company pushes on with expanding digital financial infrastructure across Afric
News3 days agoXora Finance, Fintech Firm Refuses to Hire Nigerians over Alleged Dishonesty
Telecom3 days agoNCC Advances Dig Once Policy, Engages Stakeholders on Cost-Based Framework for Duct Sharing
Telecom3 days agoNCC to Keynote Telecom Sector Sustainability Forum 7.0
General News3 days agoFG Secures Fresh $208.3m World Bank Loan for Cash Transfer
News3 days agoHow Ponzi Scheme Victims can Seek Legal Remedies — Lawyers
Telecom2 days agoMTN Nigeria Slashes Cost of Broadband Internet Router, Unwraps New Data Bundles for Low-Budget Users
News3 days agoPalmPay Nigeria Appoints Samuel Oluyemi as Chief Operating Officer
E-Financial2 days agoNigerians Accumulate $59Bn in Cryptocurrency Assets —FDC



















