General News
President Jonathan Commissions Maritime University, Dockyard

President Goodluck Jonathan will on Saturday, May 10 flag-off Nigeria’s first specialised university for the maritime sector as part of his tour of the facilities of the Nigerian Maritime Administration and Safety Agency (NIMASA).
Isichei Osamgbi, deputy director/head, Public Relations, said that the President will be conducted round the state-of-the-art facilities at the temporary site of Nigeria Maritime University at Kurutie, while also performing the ground-breaking of the permanent site, located at Okerenkoko, both in Warri Southwest Local Government Area of Delta State.
Mr. Ziakede Patrick Akpobolokemi, DG, NIMASA said that President Jonathan will similarly perform the ground-breaking of NIMASA Dockyard and Shipyard, also sited at Okerenkoko, which is expected to build and maintain various sizes of vessels.
The President will be hosted to a grand reception by the people of Gbaramatu Kingdom and the people of Niger Delta in Oporoza, Warri South West Local Government Area, Delta State.
After conducting Senator Idris Umar, minister of Transport, round the facilities at the weekend, the NIMASA Director-General stated that the Nigeria Maritime University, which is expected to commence academic activities at the temporary site in Kurutie in September, would provide the human capacity required for the maritime sector in addition to serving as a research and knowledge centre. “The Shipyard facility will similarly compliment this objective,” he further said.
The Minister commended NIMASA for the pace of work at the temporary site of the university and the take-off of construction activities at Okerenkoko where the NIMASA Dockyard and Shipyard as well as the permanent site of the university is located.
The dearth of human capacity in the maritime sector occasioned by inadequate maritime training institutions in Nigeria was a major reason that influenced the decision of the National Assembly to endorse the recommendation of NIMASA to establish a maritime university, Mr Akpobolokemi said.
The establishment of Nigeria Maritime University is in furtherance of NIMASA’s passion for building local capacity in the maritime sector and ultimately for the export of manpower. Its Nigerian Seafarers Development Programme (NSDP) has graduated 51 cadets, while about 2,505 officers and ratings are undergoing various maritime academic programmes in reputable institutions in Philippines, Egypt, India, Romania and the United Kingdom.
The Agency has also sponsored Maritime Institutes in four Nigerian universities – University of Lagos, University of Nigeria, Nsukka, Niger Delta University, Amasoma, Bayelsa State, and Ibrahim Badamasi Babangida University, Lapai, Niger State, while the Maritime Academy of Nigeria, Oron continues to enjoy funding from NIMASA even outside the statutory funding requirement as enshrined in the NIMASA Act 2007.
The NIMASA Director-General said that these capacity development initiatives would quicken the pace for the development of human capacity that would conveniently take over the Cabotage trade in the very near future.
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
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