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Nigeria Private Credit Hits N94.6tn Record as Gov Borrowing Soars

Central Bank of Nigeria data shows private sector credit surging to a record N94.61 trillion in February 2026 from N93.74 trillion in January, while net claims on government climbed to N39.36 trillion. This synchronized growth contrasts 2025's tight liquidity and range-bound trends, with CPS expanding N18.35 trillion YoY and government credit up N12.25 trillion, signaling broad balance sheet expansion.

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8 Banks' AMCON, NDIC Fees Explode to N993B in 2025

Eight major Nigerian banks, including Zenith Bank, Access Holdings, and GTCO, collectively spent N993.34 billion on AMCON levies and NDIC premiums in 2025, a 38.62% rise from 2024. Access Holdings led AMCON payments at N154.33 billion, while Zenith topped NDIC at N77.39 billion. These costs fund banking stability amid non-performing loans and deposit protection up to N5 million.

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Ovia Exits Zenith: Bello New Chair, N10 Dividend Soars

At Zenith Bank's 35th AGM, founder Jim Ovia retired after 12 years as Chairman per CBN rules, paving way for Engr. Mustafa Bello, longest-serving Non-Executive Director and former Commerce Minister, as new Chairman. Shareholders approved N10 total dividend per share (N8.75 final + prior), totaling N410.69B. Bank reported record PBT N1.26T and PAT N1.04T for 2025, with 6% gross earnings growth to N4.19T, 9% deposit rise, and improved asset quality at 3.82% NPL. CEO Adaora Umeoji highlighted doubled dividends; shareholders praised performance and succession.

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Abuja's 2026 Plan for Healthier, Greener Capital

Abuja's Health Services and Environment Secretariat, led by Dr. Adedolapo Fasawe, advances the Renewed Hope Agenda with 2026 strategies for emergency care via oxygen plants and ambulances, women's health through VVF and Colposcopy Centres, expanded insurance and screenings, workforce enhancements, PHC upgrades including telemedicine, and environmental links like clean energy distribution and tree planting. Future projects include IMPACT and IDB-funded facilities for resilient growth.

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Senate Slams Hospitals Over Snakebite Deaths

Following singer Ifunanya Nwangene's death from snakebite complications at FMC Jabi, Abuja, the Senate urged mandatory anti-venom stocking for hospital licensing. Amid negligence claims denied by the hospital but contradicted by eyewitnesses, the motion highlights Nigeria's emergency preparedness failures and calls for proactive health reforms.

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Dean’s Alarm: 0.5% Oral Health Budget Too Low

Prof. Linda Okoye, Dean of Dentistry at University of Nigeria Enugu, delivers inaugural lecture urging federal government to elevate oral health in national development. Highlights paltry 0.5% health budget allocation, pushes for NHIS inclusion, fluoridation pilots, school programs, sugar labeling, workforce expansion, and personal habits like fluoride brushing and sugar limits.

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Overlooked Therapy Revolutionizing Sickle Cell Care in Africa

Sickle cell disease affects 7.7 million worldwide, with over 75% of cases in Africa and 300,000 annual births in sub-Saharan Africa. Red blood cell exchange, an underutilized therapy, lowers sickle hemoglobin, prevents strokes, manages pain crises, and offers a repeatable alternative to bone marrow transplants without needing donors. Recent successful procedures highlight its potential to reduce hospitalizations and improve quality of life.

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Nigeria's TB Deaths Plunge 63% in Decade: Key Wins

Nigeria achieved a 63% drop in TB mortality from 2015-2024 and 94% treatment success, per FCTA's Dr. Dan Gadzama at World TB Day 2026 outreach. Highlights include 467,000 cases detected in 2025 nationally and FCT records of 40,171 screened. Despite high global burden (10.7M cases, 1.23M deaths in 2024), advances in detection and WHO-backed tools drive progress.

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Nigeria's GIFSHIP: Affordable Health Insurance Game-Changer?

Ultimate Health HMO launches GIFSHIP, a NHIA-regulated health insurance at ₦38,718/year, covering primary, secondary, and tertiary care for individuals, families, and groups. CEO Otunba Lekan Ewenla highlights its role in mandatory coverage under NHIA Act 2022, addressing Nigeria's poor health indices via risk management, capitation, and equitable access toward universal health coverage.

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Court Warns FCCPC Boss: Jail for Airtime Lending Defiance

The Federal High Court in Lagos escalated a dispute over airtime lending regulation by issuing a contempt warning to FCCPC's Executive Vice Chairman Tunji Bello, threatening imprisonment for non-compliance with a prior injunction. WASPAN challenges FCCPC's authority under DEON Regulations 2025, arguing it oversteps into NCC territory. Hearing set for May 15, 2026, with broad implications for digital credit and mobile users.

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Nigeria's $500M Research Fund: Road to $1T Economy?

Nigeria's Federal Government approves the National Research and Innovation Development Fund (NRIDF), targeting $500 million annually to drive research, innovation, and commercialization. Education Minister Tunji Alausa announced the initiative to foster collaborations, strengthen infrastructure, and support President Tinubu's $1 trillion economy goal, drawing lessons from South Korea and Singapore. The fund, chaired by VP Kashim Shettima, emphasizes non-budgetary funding and minimal bureaucracy.

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Tegbe Confirmed: 100-Day Pledge to Crush Grid Crises

The Nigerian Senate unanimously confirmed Olasunkanmi Tegbe as Minister of Power, demanding urgent fixes for grid collapses, liquidity woes, and weak infrastructure. Tegbe pledged 100-day improvements, a transparency dashboard, tackling vandalism, a 'generator cabal,' market-reflective tariffs, nationwide metering, and rural mini-grids/solar solutions amid senator scrutiny on systemic failures.

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Senate Fury Over SA Xenophobia: MTN Targeted?

Nigerian Senate debates nationalizing MTN and DStv amid SA xenophobia; government repatriates Nigerians; Malema questions attacks' impact; NYC protests over Nigerian's ICE arrest; emotional Nigerian election dramas; 16yo girl alleges Kwara police torture, sparking outrage.

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Hustle Culture's Collapse: Part-Time Dream Biz Secrets

Myron Golden and Graham Cochrane explain building a simple, sustainable, scalable business that removes unnecessary friction rather than effort. Key lessons include simplicity as the foundation for growth, avoiding overcomplication to prevent burnout, essential components like structure, easy-to-sell offers, and systems that reduce stress while boosting results. Emphasizes effective work over hard work, plus biblical principles of order and stewardship for long-term success.

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Education

May 7, 2026