General News
FG Classifies Ebola Importation into Nigeria as High Risk

Nigeria Centre for Disease Control and Prevention (NCDC) has classified the risk of Ebola Virus Disease (EVD) importation into Nigeria as high amid the ongoing outbreaks in the Democratic Republic of Congo and Uganda, though the agency confirmed that no case linked to the regional outbreak has been detected in the country.

Dr Jide Idris, director-general of the NCDC, in a public health advisory released on Sunday, stated that the assessment followed the World Health Organization’s declaration of the outbreaks as a Public Health Emergency of International Concern (PHEIC).
According to Dr Idris, the high-risk classification was informed by increasing international travel and population movement, continued transmission in the affected countries, uncertainty surrounding the full scale of the outbreak, and the possibility of delayed detection because Ebola symptoms resemble other endemic diseases such as malaria and Lassa fever.
He, however, assured Nigerians that high-risk states, border communities, major transport hubs, and Points of Entry had already been identified as part of ongoing preparedness efforts.
Despite the risk, Dr Idris noted that the country possesses critical response capacities, including functional laboratories, trained rapid response teams, emergency operations centres, and existing viral haemorrhagic fever preparedness structures strengthened by previous successful responses to Ebola and similar outbreaks.
He also stated that the National Emergency Operations Centre had been placed on alert mode, while the National Incident Management System had also been activated to strengthen coordination, reporting, and rapid response mechanisms nationwide.
He explained that epidemiologists and rapid response teams had been placed on standby for possible deployment, while collaboration among state ministries of health, port health services, and other relevant agencies had been intensified.
According to him, surveillance activities have also been strengthened nationwide through enhanced monitoring of alerts, rumours, and unusual health events to support early detection and response.
Dr Idris said border communities and points of entry are under increased surveillance, while health workers across the country are undergoing refresher sensitisation on infection prevention and control measures, early identification of suspected cases, and proper triage procedures.
He further said that states had been advised to incorporate Ebola preparedness into their emergency response systems by designating isolation and treatment centres, assessing bed capacity, strengthening referral pathways, and ensuring the availability of logistics and essential medical supplies.
He also revealed that plans were ongoing to preposition critical response commodities such as personal protective equipment (PPEs), laboratory consumables, body bags, and emergency medical supplies in strategic locations across the country.
On laboratory readiness, Dr Idris said Nigeria currently maintains Ebola testing capacity in states with international points of entry and within the national public health laboratory network, with surge testing capability available if needed.
He said the agency has intensified public awareness campaigns and risk communication efforts aimed at combating misinformation and false claims circulating online about Ebola.
While urging Nigerians not to panic, Dr Idris advised members of the public to maintain proper hand hygiene, avoid direct contact with bodily fluids of sick persons, refrain from handling corpses of individuals who died from unexplained illnesses, and avoid bushmeat from unknown sources.
He advised travellers arriving from countries with confirmed Ebola cases to monitor their health for 21 days and immediately contact health authorities if symptoms develop.
He also urged healthcare workers to maintain a high index of suspicion for Ebola cases, strictly observe infection prevention protocols, use PPEs appropriately, and promptly report suspected cases through established channels.
General News
Dangote Refinery’s Private Placement Reportedly Hits $2.5Bn

Dangote Petroleum Refinery is reportedly nearing completion of a $2.5 billion private placement that values the company at about $40 billion ahead of its planned public listing.

Private placement is the direct sale of company shares or bonds to pre-selected investors instead of the general public and it is used to raise money quickly while avoiding strict public reporting rules.
People familiar with the transaction said investors acquired as much as 6 per cent of the refinery, according to a BusinessDay report.
The reported terms would value the business at approximately $40 billion.
Neither Dangote Group nor the refinery has publicly announced the final amount raised, the identities of most subscribers or the precise percentage sold.
The figures should therefore be treated as transaction details supplied by unnamed sources rather than confirmed company disclosures.
The reported $2.5 billion total is nevertheless significant as it indicates strong demand for exposure to a privately controlled refinery that has rapidly become central to Nigeria’s fuel supply and an increasingly important exporter of petroleum products.
The placement was said to have attracted more demand than the available shares, allowing the company to secure substantially more than the amount initially associated with the fundraising exercise.
Femi Otedola, chairman, First HoldCo, is the only major participant publicly identified in the report.
He reportedly committed $100 million to the transaction and sold his investment in Geregu Power Plc to finance the acquisition.
Nigeria’s pension industry was also reportedly cleared to participate.
Access to more than $17 billion in retirement assets would broaden the refinery’s potential investor base beyond wealthy individuals and conventional institutional buyers.
Participation by Pension Fund Administrators would, however, require careful attention to valuation, liquidity and portfolio-concentration limits.
Retirement funds must balance the attraction of a large Nigerian industrial asset against their responsibility to protect contributors’ savings.
The implied $40 billion valuation represents investor expectations about the refinery’s future earnings rather than only the physical cost of constructing the facility.
Its ability to process 650,000 barrels of crude daily gives it a central role in supplying Nigeria and other markets, but its commercial performance remains connected to crude availability, product prices, exchange rates and regulation.
The refinery has struggled to obtain all the Nigerian crude it requires under the government’s naira-for-crude arrangement.
It has consequently purchased some feedstock internationally and recently moved local petroleum-product pricing into dollars to align sales revenue more closely with its foreign-currency expenses.
Those constraints will be important during any public offering.
Prospective shareholders will want greater clarity on crude-supply contracts, debt, operating margins, export revenue and the company’s relationship with Nigerian regulators.
It is also unclear whether the private placement involved newly issued shares, a sale by existing owners or a combination of both.
That distinction determines whether the reported $2.5 billion becomes fresh capital for the refinery or proceeds received by selling shareholders.
The transaction could provide a useful price reference for the planned initial public offering.
General News
FG, UNODC Plan National Strategy against Organized Crime

Federal government will next month launch Nigeria’s first national organized crime strategy to strengthen the country’s response to terrorism, cybercrime, human and drug trafficking, kidnapping, illicit financial flows, and other forms of organized crime.

Major General Adamu Laka, national coordinator of the National Counter Terrorism Centre under the Office of the National Security Adviser, disclosed this in Abuja during the validation of the strategy document.
He said the strategy provides a coordinated national framework for tackling organized crime through improved intelligence sharing, stronger collaboration among security agencies, and closer cooperation with the criminal justice system, civil society organizations, and international partners.
Major General Laka explained that the document was developed through a partnership involving the Federal Government, the United Nations Office on Drugs and Crime (UNODC), the United States Government, and other stakeholders.
Speaking at the event, Cheikh Toure, UNODC representative, said the strategy would strengthen Nigeria’s capacity to combat transnational crimes, including drug trafficking, cybercrime, human trafficking, kidnapping, and illicit financial flows.
Also speaking, Douglas Grane, acting director of the United States Department of State’s Bureau of International Narcotics and Law Enforcement Affairs, reaffirmed the U.S. government’s support for Nigeria’s efforts to tackle organized crime through stronger inter-agency and international cooperation.
Representatives of the National Institute for Strategic Studies, the Nigeria Financial Intelligence Unit, and the National Cyber Security Centre also endorsed the initiative, describing it as a major step towards improving Nigeria’s fight against organized crime.
General News
Foundations Launch Youth Entrepreneurship Incubation Programme

FATE Foundation, with funding from the Citi Foundation, has launched the Youth Entrepreneurship Incubation Programme to equip young people in Nigeria with financial literacy and entrepreneurship skills.

Delivered through free, safe, and accessible platforms, the programme supports the incubation and scaling of youth-led enterprises, enabling income generation and job creation.
In October 2025, FATE Foundation was selected as a recipient of Citi Foundation’s 2025 Global Innovation Challenge to Accelerate Youth Employability. Joining the cohort of 50 organisations globally, the Foundation will receive $500,000 over two years to advance its youth employability initiative.
“We are excited to be selected for Citi Foundation’s 2025 Global Innovation Challenge,” said Ayomide Akindolie-Igwe, Executive Director of FATE Foundation.
“This support enables us to equip young entrepreneurs in Nigeria with the financial literacy and skills needed to build and scale sustainable businesses.”
The programme addresses youth employability by tackling Africa’s growing jobs crisis. By 2030, the African continent will be home to 40% of the world’s youth, and with one in three under 35 already unemployed, this initiative will support Nigerian youth with a two-phase approach. It begins with financial literacy training before progressing to entrepreneurship development, incubation support, and access to tools needed to build viable, job-creating businesses.
“Through this innovative initiative, FATE Foundation is supporting low-income Nigerian youth to develop essential financial and entrepreneurial skills using accessible platforms.
“This support is not just helping individuals to succeed; it is building a solid foundation for sustainable enterprises that will drive job creation and contribute significantly to our nation’s economic vitality. This initiative is empowering and investing in the future of Nigeria, one youth at a time,” said Nneka Enwereji, MD/CEO Citibank Nigeria Limited.
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