News
Microsoft Nigeria ‘WOW’ celebrate International Women’s Day
Microsoft Nigeria’s ‘Women of WECA’ (WOW) joined other women from across the world to celebrate this year’s International Women’s Day (IWD).
A special annual celebration held since the 1900s and highlighted all over the world to mark the social, economic and political achievements of women, this year’s IWD theme is ‘A promise is a promise: Time for action to end violence against women’.
In commemoration of the day, Microsoft’s ‘Women of WECA’ paid a courtesy call on Sola David-Borha, managing director of Stanbic IBTC Bank Plc, in her office in Lagos. They were received by Mrs. Borha and another staff of the bank, Aisha Ahmad, Head, High Networth Individuals.
The purpose of the call was to draw inspiration from Mrs. Borha on her success in a male-dominated sector as well as get tips on how to effectively combine professional and family life.
Identifying integrity and competence as key ingredients to moving up the career ladder and staying there, Mrs. Borha enjoined the women to focus their efforts on acquiring the right attitudes and values as these are vital for all-round success both at home and at work.
Taking the team through her background and career progression over the years, Mrs. Borha charged her guests to strive for the best in whatever they do. “I cannot stress sufficiently, the need for women to go all-out for excellence in the management of both their professional and family life.”
“Today is a day for our women to take action. IWD is giving us a possibility and moment in time to reflect on our continuing struggle for equality, justice, peace and development. So I believe my team is taking away with it a further appreciation that women have a great role to play in holding the nation together.” said, Perpetual Nwachukwu, Coordinator, Microsoft Nigeria ‘WOW’.
She added, “In addition to our quest to achieve success in our careers, we should not lose sight of the fact that our socio-political contributions are vital to uplift the nation as a whole.”
The train later moved on to Love Home Orphanage to share happy moments and show love to the residents.
They were received by the Manager of the Home, Mrs. Hephzibah Itimi who explained that the home is a safe haven established out of the need to show love and give hope to orphaned and abandoned kids as well as rehabilitate women who have suffered one form of abuse or the other in the past.
She said the children are given formal education while the women are trained in different vocational skills to make them self-reliant and more especially help in their integration into the larger society.
Speaking on the rationale for identifying with Love Home Orphanage, Perpetual Nwachukwu explained, “Our choice of this centre is borne out of the fact that focus here is on girls and women who incidentally, we consider as agents of change. We believe encouraging and empowering these people can only make our impact felt the more as we hope by our actions, they will strive for that lead which they thought was lost.”
In addition to spending quality time at the Institution, the team also donated various items including personal care items, sewing machines, weaving machines, food items, provisions, toiletries etc.
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.
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