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Nigeria’s Broadening Economic Base Set for OBG 2016 Report

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l-r: Ovie E. Ukiri, managing partner at Ajumogobia and Okeke and Izabela Kruk, OBG’s country director in Nigeria
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The growing contribution that services are making to Nigeria’s economy against a backdrop of falling oil prices will be given wide-ranging analysis in a report by the global publishing firm Oxford Business Group (OBG).

The Report: Nigeria 2016 will shine a spotlight on the country’s efforts to boost growth across the non-oil sector, as part of its broader bid to reduce reliance on hydrocarbons.

There will be detailed coverage of the key role that the country’s strong fundamentals continue to play in garnering investor interest.

OBG’s report will also look at what Nigeria is doing to address the challenges it faced in 2015, which included lower revenue from oil, uncertainty around presidential elections and currency depreciation.

The law firm Ajumogobia and Okeke has signed a memorandum of understanding (MOU) with OBG for the publishing firm’s 2016 report on the country.

Under the MOU, the company will team up once again with OBG to compile and produce the Law Chapter of The Report: Nigeria 2016.

Ovie E. Ukiri, managing partner at Ajumogobia and Okeke, said that “as a result of the declining oil earnings for the Country (due to a slump in global oil sales) and a shift in focus to other areas long overlooked as a potential replacement, the firm’s contribution to The Report: Nigeria 2016 will illustrate and highlight salient legal and regulatory issues affecting some of the key sectors that may likely replace oil in the local landscape. A potential foreign investor will therefore have a more balanced view of the latest developments in the areas of investment in Nigeria”.

Izabela Kruk, OBG’s country director in Nigeria, said she was delighted to have Ajumogobia and Okeke on board for the Group’s 2016 report on Africa’s biggest market.

“Our coverage of Nigeria’s legal and regulatory changes has long been given an edge by Ajumogobia and Okeke’s local expertise and strong regional network,” She said. “I’m thrilled that our readers will once again benefit from the firm’s input, at a time when key developments in the economy, such as expected higher spending on infrastructure and a sharper focus on manufacturing, are taking shape.”

The Report: Nigeria 2016 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with leading representatives. It will be published also in partnership with the Nigerian Economic Summit Group, the Nigerian Investment Promotion Commission and FBNQuest and it will be available in print and online.

Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America and the Caribbean.

Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.

The critically acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide.

OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.

 


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NCDC Issues Public Advisory on Cerebrospinal Meningitis

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Nigeria Centre for Disease Control and Prevention (NCDC) has issued a Public Health advisory on the spread of Cerebrospinal Meningitis (CSM).

NCDC Issues Public Advisory on Cerebrospinal Meningitis

It said that the caution is particularly for states within the African Meningitis belt.

In a statement by the Corporate Communications Division of NCDC urged all Nigerians to remain vigilant and adopt preventive measures.

The statement said: “As Nigeria continues through the peak dry season months, the Nigeria Centre for Disease Control and Prevention (NCDC) alerts the public to the ongoing risk of Cerebrospinal Meningitis (CSM), particularly in states within the African meningitis belt.

“Cerebrospinal meningitis occurs more frequently between December and April, when dry, dusty conditions, overcrowding, and poor ventilation increase the risk of transmission.

“The NCDC urges all Nigerians to remain vigilant and adopt preventive measures. Surveillance and response activities remain ongoing nationwide, and laboratory testing is being conducted at the state level while national laboratory capacity is being strengthened.

It explained that Cerebrospinal meningitis is a serious infection of the protective membranes covering the brain and spinal cord.

According to NCDC the affliction is most commonly caused by bacteria, particularly Neisseria meningitidis.

“Bacterial meningitis can progress rapidly and may be fatal within hours if untreated.

“However, early diagnosis and prompt antibiotic treatment significantly improve survival and reduce complications. CSM spreads through respiratory droplets during close contact, especially in overcrowded or poorly ventilated environments.”

It said that symptoms to watch out for include sudden high fever, severe headache, and neck stiffness.

It said other symptoms may include: nausea or vomiting, sensitivity to light, confusion or altered consciousness and seizures.

For In infants and young children, NCDC said the symptoms could bulging soft spot on the head.

The Centre said that early recognition and treatment can save lives.


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Report finds the Number of Trojan Banker Attacks on Smartphones Increased by 56% in 2025

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According to a Kaspersky report “Mobile malware evolution,” the number of Trojan banker attacks on Android smartphones increased by 56% in 2025 compared to the previous year*.

This type of malware is designed to steal user credentials for online banking, e-payment services and credit card systems. Cybercriminals commonly distribute Trojan bankers through messaging apps, as well as through malicious webpages.

The number of new Trojan banker installation packages for Android (unique APK files) also increased sharply, reaching 255,090 packages – a 271% increase over 2024. This may indicate that these tools generate substantial profit for cybercriminals.

Kaspersky experts believe threat actors will continue both to expand delivery channels and develop new Trojan variants trying to evade detection by security solutions. Among all detected Trojan bankers, the leading families were Mamont and Creduz.

“Although Trojan bankers for smartphones are the fastest-growing type of malware, we also observed another important trend: preinstalled backdoors such as Triada and Keenadu appeared more frequently compared to previous years. People purchase completely new, but infected, Android devices and may be unaware of the threat.

Once integrated into the firmware fully functional preinstalled backdoors provide attackers with unlimited control over the victims’ smartphones and tablets. As a result, all information on infected devices can be compromised.

It’s quite difficult to remove such malware. If the device is infected, we recommend users check for firmware updates. After the update, run a scan of the device with a security solution again to make sure newly installed firmware is not infected,” comments Anton Kivva, malware analyst team lead at Kaspersky.

 


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FG Can Now Track, Prosecute Visa Overstayers – Interior Minister

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Federal Government has said it now has the capacity to identify and apprehend foreigners who overstay their visas in the country.

FG Can Now Track, Prosecute Visa Overstayers – Interior Minister

Minister of Interior, Olubunmi Tunji-Ojo

The Minister of Interior, Olubunmi Tunji-Ojo, disclosed this on Thursday in Abuja during the 2026 Sectoral Performance Review Retreat of the Federal Ministry of Interior.

Tunji-Ojo said the government now possesses comprehensive data that enables authorities to track individuals who have entered the country over the past decade and determine those who have failed to comply with their visa conditions.

According to him, the development followed the establishment of an Integrated Operations Centre and a Network Operations Centre by the Nigeria Immigration Service.

The minister, however, said the FG will go after foreigners who have overstayed their visas, adding that outside of the country, Nigerians are not being spared.

He said, “In NIS, I know we are doing a lot already. As of today, we have been able to build our Integrated Operations Centre and the Network Operations Centre, which we never had before.

“With that, we can access, in the last 10 years, everybody who has entered, where you came from, everything, we have all your records, we have everything, we know the exact people who have overstayed in our country, and we will go after them, with due respect, because, outside of Nigeria, they go after the irregular immigrants and we think we have to protect the sanctity of our borders,” the minister stated.”

The minister also stressed the need for reforms across agencies under the ministry, including the Nigeria Security and Civil Defence Corps, to ensure services are delivered transparently and without corruption.

Tunji-Ojo said the goal of government institutions should be to protect citizens, particularly the most vulnerable in society.

NSCDC provides protection in an organised and corruption-free manner, where the son of a nobody will have the same opportunity as the son of anybody in government.

“If you are a businessman or there is a genuine threat to your life, you should be able to access protection without going through the minister, the Commandant General, or anyone else. It is only then that we can truly say we have a service that works for Nigerians.

“Nigeria should not be about selective service delivery. The essence of government is to protect everyone, with greater emphasis on protecting the weakest in society, ” he said.

Speaking on correctional reforms, he argued that a system where individuals repeatedly return to custody reflects a failure of rehabilitation.

“Anybody who goes in there must be reformed and transformed,” he said, adding that the objective was to reduce cases of repeat offences to the barest minimum.

In her remarks, the Permanent Secretary of the ministry, Magdalene Ajani, emphasised the importance of accountability in leadership.

She said leadership was about “devotion, promises, performance, and impact,” noting that the ministry’s agencies play critical roles that affect the daily lives of Nigerians and therefore require transparency and effective service delivery.

The move to go after foreigners who overstay their visas comes amid renewed efforts by the Federal Government to strengthen border management and enforce immigration regulations across the country.

This definitely would allow immigration authorities to track the movement of travellers and identify individuals who remain in Nigeria beyond the duration permitted by their visas.


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