News
FG Funds 200 MSMEs Under Payroll Support Programme In Bauchi

According to the Bank of Industry (BOI), 200 Medium, Small and Micro Enterprises (MSMEs) in Bauchi State have benefited from the Payroll Support under Survival Funds programme of the Federal Government.
The State Manager of BOI in Bauchi, Mr. Isah Mohammed Nadada made this known on Tuesday during the presentation of certificates to business owners who have been paid between N30,000 and N50,000 for three months.
According to the Bank, many MSMEs were crippled during the period of COVID-19 lockdown while business owners could not pay their employees.
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“The programme has paid 200 businesses with their staff to cushion the effect of the Coronavirus pandemic. It is for them to keep producing while the government takes the responsibility of payroll for three months,” Nadada said.
Also, a representative of the Government Enterprise Empowerment Programme (GEEP), Lagos, Nwosu Emeka said Survival fund has paid over 300,000 beneficiaries nationwide and has helped about 51,000 business owners to pay their employees for the past three months.
“Part of our challenges is that some of the applicants complained of inability to receive their money after application. But we discovered that some of them submitted wrong account numbers or have issues with their Bank Verification Number(BVN),” Emeka explained.
READ ALSO: UNICEF-EU Renovates 104 PHCs, Hands Over To Government In Bauchi
A beneficiary and owner of AH Ajebo Building Construction thanked the government for the palliative measure it introduced to keep their businesses alive amid covid-19 period. Certificates were issued to enterprises like AM Igba Agro Enterprise, A3 Clothing/School Kits and General Merchandise, Al Uam Motorcycle Spare Parts, Arewa Golden Furniture investment among others.
News
Coup: ECOWAS Suspends Guinea-Bissau

The Economic Community of West African States, ECOWAS, has suspended Guinea-Bissau from all its decision-making bodies following the military takeover in the country.
The suspension was announced after an emergency virtual meeting of the ECOWAS Mediation and Security Council, MSC, late Thursday.
The session was chaired by Sierra Leone’s President Julius Maada Bio, who also leads the Authority of ECOWAS Heads of State and Government.
In its communiqué, the MSC said the decision was taken in line with the ECOWAS Protocol on Democracy and Good Governance (2001), stressing that Guinea-Bissau would remain suspended until full and effective constitutional order is restored.
READ ALSO:Court Dismisses SPDC’s Objections To Compensation Over Hydrocarbon Pollution In A’Ibom
The coup unfolded on Wednesday, barely three days after the country’s contentious presidential and legislative elections.
The mutinous officers halted the electoral process, shut the nation’s borders and stopped the release of official results.
ECOWAS strongly condemned the takeover, describing the detention of several individuals, including incumbent President Umaro Sissoco Embaló, widely projected to win the election, as unacceptable.
“The MSC condemns in the strongest terms the coup d’état perpetrated on 26 November 2025 and calls for the immediate restoration of constitutional order,” the statement read.
READ ALSO:Guinea-Bissau Coup: FG Gives Update On Ex-President Jonathan
It also rejected any arrangement that would legitimise the disruption of the democratic process or undermine the will of the people of Guinea-Bissau.
The regional bloc demanded the prompt release of all detained political actors, including President Embaló, electoral officials, and other arrested figures.
ECOWAS also insisted that the electoral commission be allowed to announce the results of Sunday’s vote without interference.
Despite regional pressure, the coup leaders have named the army’s chief of staff, General Horta N’Tam, as transitional head of state for a one-year period.
News
Court Dismisses SPDC’s Objections To Compensation Over Hydrocarbon Pollution In A’Ibom

The Federal High Court sitting in Uyo, Akwa Ibom State has dismissed the preliminary objections by the Shell Petroleum Development company in suit filed by the A’Ibom Oil Producing Development Network (AKPICON), demanding payment of compensation and remediation of battered environment over decades of hydrocarbon pollution occasioned by oil and gas emissions from corked and uncorked oil and wells in various parts of the state.
AKIPCON serves as a mechanism for the realization of environmental justice and protection of human rights of the people over a period of time.
The organization had, through its lead counsel, Dr Dada Awosika, SAN, of Awosika partners in conjunction with Barr Ndifreke Akpan, written to the Managing Director of SPDC demanding payment of N140bn compensation to alleviate the sufferings of the impoverished farmers, fishermen and allied business owners
The letter reads in part, ”Your company owns corked and uncorked oil and gas wells which spread over Akwa Ibom State particularly in Mkpat-Enin, Ini, Ikot Abasi, Onna, Uruan, Esit-Eket, Iket, Uyo, Eastern Obolo, Nsit-Antai, Etinan, Mbo, Okobo, Essien Udim, Ikot-Ekpene Local Government Areas and others.
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”Over the years there has been increased leakages and emissions of crude from your company’s corked and uncorked oil and gas wells and facilities which continually discharge toxic hydrocarbon into farm lands and water bodies in the environment where our clients operate.
”The said leakages/emissions arise from your company’s negligence in the maintenance of your corked and uncorked oil wells. Most often your expired, aged and rusted pipes installed in the early 1950s erupt, discharging crude oil which washes itself into water bodies and farmlands of our clients, resulting in colossal damage to their farmlands and water bodies.
”The activities of your company in this regard has brought untold hardship, economic losses, unemployment, redundancy, insecurity, frustration, abject poverty, phycological trauma and health hazards with attendant human rights consequences to our clients.
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”Flowing from the foregoing, it’s our instruction to demand that your company pays N140bn, only to our clients being compensation for the age-long degradation of their environment and damage caused to their property and means of livelihood arising from your company’s activities. In addition, we demand that you take immediate steps to clean up and remediate our battered environment caused by your operation for decades to return the environment to its pristine state”
But the SPDC, in No: FHC. UY/CS/85/2024 argues that AKPICON does not have the legal rights to institute the case. It also contended that the case is status bar by Akwa Ibom limitation laws on oil spills as the said spills occured over 70 years ago.
However, ruling on the matter on Thursday, the presiding judge, Justice MA Onyetanu, dismissed the SPDC’s preliminary objections for lack of merit and adjourned the case to February 5th for commencement of trail.
News
Naira Records First Depreciation Against US Dollar Across Official, Black FX Markets

The naira dropped for the first time on Thursday across official and parallel foreign exchange markets.
The Central Bank of Nigeria’s data showed that the Naira depreciated slightly to N1,443.90 against the dollar on Thursday, down from N1,442.92.
This means that the Naira weakened marginally by N0.98 against the dollar on a day-to-day basis.
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Similarly, the Naira depreciated at the black market by N5 to N1,470 per dollar on Thursday from N1,465 since Monday.
The development comes after the naira recorded three straight appreciations against the dollar, gaining N10.92 against the dollar.
Meanwhile, the apex bank data showed that the country’s foreign reserves surged to $44.56 billion as of 26th November 2025, up from $44.26 billion on 21st November.
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