News
Yudala to Create Millionaires through YUBOSS
Yudala is focused on creative employment for thousands of Nigerians and Africans by extension through its entrepreneurial scheme known as YUBOSS, according to Mr. Sam Ojo, chairman of Yudala, Nigeria’s first true composite online and offline retail chain.
In an online chat from his base in the United States, the strategic technology consultant and one-time Chevron Head of Management Information System noted that Yudala is a movement in e-commerce and offline retail business orchestrated by distinguished professionals from various nationalities and spheres of business.
Ojo said that “The launch of YUBOSS will reveal a little bit of our corporate philosophy. YUBOSS is a league of emerging entrepreneurs who want to be their own bosses. Through YUBOSS, we are offering people a chance to become millionaires without investing a dime.
We have test run the scheme for one month and I can confirm that a young lady, one Mrs. Tina George who stays close to our office was paid over a N100, 000 commission (dala) last week for a 10 day effort in selling from our inventory. Her only investment was her commitment. This is the way new economies are built.
“With Yudala, there will be many millionaires in Nigeria in the next one year. We estimate millions of Nigerians will join this scheme by the time we officially roll it out next week. I assure you that your wives, brothers, sisters, students, the unemployed, under employed, etc. will be a part of this scheme which will reduce pressure on families. Everyone will earn income and hardworking students will be able to see themselves through school without outside assistance.
“Though still based in America, myself and Mallam Farouk Mohammed, former OPEC Executive Management member, represent majority investors on the Yudala Board and I can confirm that we are not in a hurry for huge profit. This is why we are mandated to partner with Yudala employees.
“The Yudala strategy is profit sharing with all employees and another reasonable percentage will be dedicated to support charity organizations in every country we do business in. Every investor in Yudala voted for this and our consultants are working out modalities based on each country’s tax structure. We are therefore not here to exploit Nigerians and fly profit out of the country since majority shareholders are Africans.”
When asked what percentage of Yudala annual profit will go to staff, Mr. Ojo revealed that a substantial figure has been agreed for this in line with the desire for quality human capital to deliver on shareholders’ expectations.
“Our bond with staff does not end with profit sharing but shall continue with our listing on the Stock Exchange and beyond. We are a company with assets and not just an e- commerce platform and that is why we have a composite structure. We have presently rolled out 13 stores nationwide in seven weeks with great retail ambience like no other at the moment and I can assure you by this time next year, we would have reached the 50 store milestone with same standards.
“We are here to dictate the pace and in line with this, we will review our market influence with the Press in the next one year. It is important to mention that our strategy is 21st century focused and completely different from what currently exists in the sector,” he concluded.
He also revealed that Yudala is a company to watch in view of its status as a corporate organization with a conscience.
The company had launched its annual Neighbour to Neighbour Mega Deals promotion from September 21st till October 2nd, with thousands of enthusiastic shoppers trooping online and to the Yudala stores to take advantage of the mouth-watering deals and extended payment terms for individuals, cooperatives, corporate organizations, educational institutions and government establishments.
“Yudala is structured to dictate the pace and within one year of our existence, Africa’s digital commerce and offline divisions would have had a handshake on the delivery of quality products and services that Africans wished for, paid for and rightly deserve. We shall continue to unfold our innovative products and services for the benefit of all Nigerians, including government establishments, co-operatives, corporate bodies and individuals. Yudala is possibly the first true investment platform where professional Africans in the Diaspora, foreign business partners and other Nigerian-based major corporate players have come together in a well-structured business and with huge funds to invest. This is why we must roll out across Africa.”
News
UK–Nigeria Skills and Schools Trade Mission Concludes with Strong Foundations for Education Partnership

A high-level UK delegation has concluded a week-long skills and schools trade mission to Nigeria, marking a significant step forward in education and skills cooperation between the two countries.

Running from 19-23 April 2026 across Abuja and Lagos State, the mission brought together leading UK private schools, skills providers, and education institutions with Nigerian partners, schools, and the Honourable Minister of Education Dr Tunji Alausa.
The mission follows the high profile and well received state visit to the UK in March, which also included education engagements. Supported by the UK’s Department for Business and Trade (DBT), the mission forms part of its new International Education Strategy, under which Nigeria has been identified as one of five priority education markets, spearheaded by Professor Sir Steve Smith, who is looking forward to visiting the country again this year.
The mission focused on in-country delivery of education, the establishment of world-renowned UK schools in Nigeria, and the development of skills and Technical and Vocational Education and Training (TVET) systems aligned with industry demand.
In Abuja, the delegation met with Nigeria’s Honourable Minister of Education, Dr Tunji Alausa, securing strong political backing for UK–Nigeria education partnerships and set the groundwork for ongoing institutional collaboration across both schools and skills.
In Lagos, delegates engaged further with potential partners and investors. In both cities the delegation was thrilled to visit local British curriculum schools and colleges to further enable them to experience first-hand the teaching and learning environment.
British Deputy High Commissioner, Jonny Baxter, said: “The UK and Nigeria share a deep and longstanding relationship, and opportunities in education are one of its most exciting frontiers.
“This mission has demonstrated the strong appetite on both sides to deepen collaboration in education and skills.”
“By bringing together UK schools and skills providers with Nigerian partners and policymakers, we are laying the foundations for even more long-term partnerships that support Nigeria’s education priorities, strengthen skills aligned to industry needs, and create opportunities for sustainable, in-country delivery as well as positioning Nigeria as the regional hub for high quality education.”
DBT Head of International Education, Sarah Chidgey, said: “This mission is a perfect example of the International Education Strategy being put into action, building on multiple two-way visits and the UK and Nigeria’s warm relationship. It has been heartening to see all the progress in UK Nigeria education collaboration since my first visit to Nigeria, as part of a wider delegation, in 2022.”
DBT’s mission concluded with a strong pipeline of follow-up activity, including targeted one-to-one meetings, MoU discussions, and agreed next steps between UK and Nigerian counterparts.
News
Tinubu Seeks Senate Approval for $516m Sokoto-Badagry Highway Loan

President Bola Tinubu has requested Senate approval for a $516.3 million foreign syndicated loan to fund key sections of the Sokoto-Badagry superhighway, a cornerstone of his Renewed Hope Agenda.

Tinubu
In a letter read by Senate President Godswill Akpabio during Thursday’s plenary, Tinubu invoked Sections 16 and 21 of the Debt Management Office Act, 2011, to secure financing via Deutsche Bank AG for Sections 1, Phase 1A, and 1B. The 1,000-kilometre project will span Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, linking Illela to Badagry and boosting trade, connectivity, and goods movement.
The nine-year loan, with a three-year grace period and interest at SOFR plus 5.3 per cent, includes a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The Federal Government will provide over ₦265 billion in counterpart funding for land acquisition and infrastructure.
Akpabio referred the request to the Senate Committee on Local and Foreign Debts for a one-week turnaround report. He endorsed the borrowing, stating it advances road safety and national integration.
The highway aims to cut travel times and stimulate economic corridors, with the Federal Executive Council already approving the plan.
News
Karex, World’s Top Condom Maker to Hike Prices due to Iran war

Karex, world’s largest condom maker, plans to raise prices by up to 30 percent due to supply disruptions linked to the Iran war.

This means that safe sex could get more expensive if the war continues to disrupt global supply chains, according to Goh Miah Kiat, CEO, Karex.
Kiat told old Reuters that rising freight costs and shipping delays have increased demand and forced the company to pass costs to customers.
Broader supply chain issues and higher oil prices could impact many everyday products that rely on petrochemicals.
“The situation is definitely very fragile, prices are expensive… We have no choice but to transfer the costs right now to the customers,” Goh told Reuters.
Karex joins a growing list of companies that are bracing for supply chain disruptions amid the ongoing war in Iran.
Based in Malaysia, Karex produces condoms, personal lubricants, gloves, medical catheters and probe covers.
The company manufactures male latex condoms including ONE, Trustex, Carex and Pasante, and it can produce over 5 billion condoms annually. Karex also exports to more than 130 countries, according to its website.
“We’re seeing a lot more condoms actually sitting on vessels that have not arrived at their destination but are highly required,” Goh said.
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