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Karnataka IT union objects to Union Minister Piyush Goyal’s pitch that Indians are willing to work beyond office hours

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breaking news today Union Minister of Commerce and Industry Piyush Goyal addresses the India–Netherlands Business Forum, in The Hague on October 26, 2026. He made the controversial remarks at this event.

Union Minister of Commerce and Industry Piyush Goyal attends to the India– Netherlands Business Forum, in

The Hague on October 26, 2026. He made the questionable remarks at this occasion.

The Karnataka State IT/ITeS Employees Union (KITU) has actually condemned the remarks by Union Minister for Commerce and Industry Piyush Goyal at the India-Netherlands Business Forum, where he pitched India as an excellent financial investment location, stating, “Nobody in India will inform you it’s 5 o’clock. And definitely, no Indian will ever advise you it’s the weekend.”

KITU declared that such remarks successfully provide corporations a liberty to neglect working hour policies, weekly vacations, and safeguards in labour laws.

“By forecasting that Indian employees will stay offered to companies at all hours, consisting of weekends, the Minister is promoting a culture of belongings slavery,” the union said, while likewise corresponding the Minister’s remarks to comparable remarks formerly made by Infosys co-founder Narayana Murthy and the L&T Chairperson S. N. Subrahmanyan, who promoted long working hours.

On October 26, Mr. Goyal attempted to pitch the ‘diligent nature of Indians’ to European magnate. “Nobody in India will inform you it is 5 o’clock. And definitely, no Indian will ever advise you it is the weekend. Which is what I give the table. Economies of scale, for your service to become a measurement you most likely can never ever even picture. Due to the fact that whatever in India is to scale.”

KITU mentioned that such unrelenting glorification of overwork locations business earnings above employees’ self-respect, health, and basic rights, which Indian employees are currently dealing with extended working hours, office tension, burnout, and the disintegration of individual and domesticity.

“Time for rest, household, social involvement, and individual advancement is not an advantage approved by companies; it is an important part of a dignified human life. The normalisation of harsh and inhumane labour extraction, and neglect for labour securities by a Union Minister are undesirable. Rather of echoing business interests, the federal government needs to support employees’ rights and make sure the reliable enforcement of labour laws and global labour requirements,” required Suhas Adiga, General Secretary at KITU.

While political leaders such as Karti Chidambaram from the opposition have actually criticised the Minister’s remarks, industrialists and business owners, consisting of Harsh Goenka and Ashneer Grover, safeguarded Mr. Goyal’s position.

Released – October 29, 2026 02:37 pm IST

Swan commends industry–regulator collaboration in strengthening consumer protection

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The Spirits & & Wines Association of Nigeria (SWAN) has actually applauded the continual efforts of regulative and enforcement firms to fight illegal trade and secure customers, keeping in mind that increased enforcement actions versus fake alcoholic items throughout the nation highlight the significance of cooperation in taking on the obstacle.

In a declaration provided by the Association’s Director General, Mr. Tony Okwoju, SWAN kept in mind that current seizures and arrests show the growing effect of partnership amongst regulative and enforcement companies, market gamers and intelligence partners in recognizing and interfering with illegal trade networks.

The Association restated that illegal trade stays a substantial issue, with significant ramifications for customer security, federal government income and genuine organizations. It kept in mind that current enforcement successes show that collaborated action is yielding concrete outcomes and should be sustained.

SWAN likewise highlighted the ongoing financial investments by its member business in brand name defense, market monitoring, intelligence event and cooperation with pertinent authorities to recognize and deal with illegal trade activities. Beyond supporting enforcement efforts, member business are executing sustainable efforts, consisting of glass healing tasks, which promote ecological duty while assisting to eliminate empty bottles from flow and minimize chances for illegal refilling and counterfeiting.

The Association even more required accountable media protection of enforcement actions, stressing the value of precisely identifying fake items from real brand names to prevent deceptive customers and accidentally destructive self-confidence in genuine items.

Encouraging customers of the dedication of trusted manufacturers to preserving high quality and security requirements, SWAN motivated the general public to acquire alcoholic items from relied on and authorised retail outlets, inspect that item packaging and seals are undamaged, and report suspicious items or thought illegal trade activities to the suitable authorities.

According to the Association, sustained cooperation amongst federal government companies, market gamers, merchants, suppliers, the media and customers stays vital to securing public health, protecting federal government profits, supporting genuine companies and tasks, and maintaining customer self-confidence in recognized brand names.

As part of its wider stakeholder engagement efforts, SWAN previously in the year arranged a workshop on illegal sell the alcohol market. The workshop united stakeholders from federal government, the media and market to analyze the difficulties positioned by illegal trade and check out useful methods to reinforcing cumulative action versus it.

SWAN declared its dedication to supporting the efforts of regulative and enforcement companies through continued stakeholder engagement, intelligence sharing and customer education, worrying that a collaborated, multi-stakeholder method stays crucial to accomplishing enduring development in the battle versus illegal trade.

About SWAN

The Spirits & & Wines Association of Nigeria (SWAN) is the market body representing services associated with the production, importation, circulation and marketing of spirits, red wines and other alcohols in Nigeria.

The Association promotes accountable drinking, supports genuine market practices and works to fight illegal sell the alcohol sector. As part of these efforts, SWAN previously in the year assembled a stakeholder workshop on combating illegal trade, combining regulative and enforcement firms, the media, members of the diplomatic neighborhood, the legislature and market operators to check out useful methods to reinforce cooperation and attend to the difficulties connected with illegal trade.

Do Dundee United have Scotland’s best midfield three?

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The midfield trio of Zidane Iqbal, Lyall Cameron and Dylan Tait managed the very first half for United before the half-time intro of wingers Jota and Haissem Hassan turned the video game in Celtic’s favour.

On BBC Radio Scotland’s Sportsound, primary sports author Tom English asked “whether Dundee United have the best midfield three in Scotland right now”

Previous United wing-back Allan Preston excited: ” Sapsford on the goal trail again and the guys in the middle of the park are great,” he stated. “Iqbal in that first half especially was pulling the strings and Celtic couldn’t get near him.

“Iqbal resembles a watch battery. He keeps whatever ticking. He sits off and simply passes it from side to side. Extremely seldom offers the ball method. I was really amazed when they took him off.”

Goodwin hailed his side’s “composure” and former United midfielder Scott Allan suggested Iraq international Iqbal – a former Manchester United youth signed from Utrecht – is “at the heart of that”, along with Tait and on-loan Rangers man Cameron.

“They have 3 footballers in there all on the exact same wavelength,” Allan said on Sportscene.

“When you’re at Celtic Park, you need to have guys who can remain on the ball and what I like about them all is they are not in a rush to move the ball.

“They are happy just to wait for the pressure to come and move it from one side to the other. They were really brave with great quality in that first half.

“They were so fluid in the middle of the park. They are as great as anything in the league at this minute in time and it simply boils down to that word – composure.

“Willing to stay on the ball, attract pressure, give each other the ball under pressure and that allows you, when teams come out, to spin it in behind because they have a bit of pace there.”

Goodwin was dissatisfied to lose out on the leading 6 last season by one location, however he has actually kept in mind that Jens Berthel Askou’s success with Motherwell was a lightbulb minute that has actually resulted in a modification in design this season.

It took a while for his brand-new passing device to discover its equipments, their present run of 6 unbeaten video games having actually followed a simple single win in the previous 7.

Culminating in what he referred to as “a decent performance”previous St Mirren and Aberdeen supervisor Goodwin concluded that “the month of October has been a good points return for us”

He included: “Of course there is an air of disappointment in the dressing room that we weren’t able to hang on and take all three points.

“It would have been a historical success had we done that, however credit to the opposition, their modifications at half-time brought a genuine stimulate to their group. I can’t have a lot of problems about completion outcome.

“It is still early days, but it is something to build on after these 11 games being in a decent position in the league table and a relatively positive points return.

“To react to the early objective reveals excellent character and we needed to dig deep in the last 20 minutes – Celtic are unrelenting.”

O’Neill, who had Goodwin as a youth during his first spell as Celtic manager, waxed lyrical about “gentleman” Jim pre-match. It continued afterwards too.

“He is a really great supervisor, there is no concern of that,” O’Neill said. “They are on a truly excellent run at this minute and they come here with plenty of self-confidence.

“I think that they showed that in periods today and he’s done a remarkable job.”

Audio reveals exchanges between control centre and drivers before deadly Spain train crash

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Audio recordings released in Spanish media expose discussions in between train chauffeurs and a train control centre in the minutes leading up to a fatal train crash that eliminated a minimum of 68 individuals and hurt lots.

Authorities are examining the reason for the catastrophe, which happened when a train taking a trip from Madrid to Seville barrelled into a fixed train on Wednesday early morning.

3 audio recordings in between the control centre in Madrid and 2 train chauffeurs appear to reveal that a person high-speed train was offered clearance to move although another some 25km (15 miles) up ahead had actually stalled.

The release of the recordings comes as Spain starts 3 days of nationwide grieving for among the worst rail catastrophes in Europe’s modern-day history.

The fixed train, run by operator Iryo, had actually stopped on the tracks since of a computer system failure, at which point a 24-hour control centre in the Spanish capital took control of.

The audio recordings have actually been released by Spanish news outlets consisting of El Pais and RTVE.

In one recording, a control centre operator informs the motorist of the train run by state-owned train business Renfe to resume its journey at regular speed after some technical concerns.

“Continue your journey and then proceed under , at normal speed with normal operation,” the control centre operator states to the motorist.

The chauffeur responds, “At normal speed?” To which the controller states: “Yes.”

The Lateral Signaling Block is a back-up or alternative train system utilized when the automated signalling or information transmission system stops working.

Later on, the motorist of the other train, run by personal business Iryo, states in another audio recording that interaction with the train-control system has actually been lost and they are fixed at Urda.

The train “is stationary in front of the entry signal at Urda”the chauffeur informs the control centre operator. After a series of exchanges, the motorist is then informed to “resume the journey” typically.

The Iryo motorist then contacts the control centre once again, according to a later recording, stating they can not begin the train. “The train won’t allow me to control the system. That’s why I am still stopped in front of the entry signal,” they state.

The latter recording recommends that the controller had actually been alerted that the Iryo train stayed fixed as the Renfe train approached.

Iryo stated its train, which had 147 guests on board, was “struck from behind” by another train, by Renfe train which was bring 397 travelers.

Spain’s transportation minister Óscar Puente stated on Wednesday that the choice to advise the trains to move once again, with no speed constraints, was “inexplicable”

Prime Minister Pedro Sánchez stated the “whole of Spain is grieving”including that “lives have been shattered, families have been torn apart, the pain is immense”

Emergency situation teams overcame the night under effective floodlights to cut open metal carriages in the look for victims, with much of those eliminated in the crash still to be determined.

Numerous workers have actually been released to the catastrophe website to help with healing efforts, according to Spain’s interior ministry, with drones and helicopters being utilized to discover victims and eliminate debris.

Late on Wednesday, family members were still attempting to collect info about travelers who were on either of the trains.

The Spanish Civil Guard has actually established bureaus in Madrid, Toledo, Seville and Córdoba to examine reports of missing out on individuals.

“The top priority is the identification of the missing persons and the taking of DNA samples to be able to locate their relatives,” the civil guard composed in a post on X.

In Toledo, near the website of the crash, residents observed a minute’s silence throughout a vigil to honor the victims.

European Union flags are flying at half-mast in Brussels, in what the European Commission called a “sign of European solidarity” throughout Spain’s grieving duration.

Wednesday’s crash is the worst the nation has actually seen considering that 2013, when 80 individuals passed away on the borders of Santiago de Compostela in north-west Spain.

Mourinho and chaos

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Barcelona fans have long teased Jose Mourinho, with their insult of option being traductor – Spanish for translator.

It is their method of buffooning the Real Madrid supervisor’s modest starts.

Discovering his future trade while functioning as an interpreter for the famous Sir Bobby Robson, Mourinho followed Robson from Sporting to Porto, before the set reached Barcelona in 1996.

4 years later on Mourinho was the supervisor of Benfica, the primary steps in a training profession that would lead him to Champions League magnificence, two times, and success in England, Italy and Spain.

Much more than simply a translator, even while at Barcelona, the Portuguese employer’ broad and diverse success finest shows the real qualities that underpin him – persistent, figured out, reflective, able to grow in mayhem, and tactically fantastic.

Last weekend, that excited tactical mind remained in full blast as Real Madrid beat Barcelona 2-1.

As the footballing world applauded the methods Mourinho utilized, it was an apt minute to assess his 26 years in management.

This Clasico included Real Madrid playing in a 4-4-2 shape with winger Vinicius Jr suspended.

Federico Valverde dipped into right-back. Bernardo Silva entered into the side partnering Aurelien Tchouameni in midfield. Arda Guler and Yan Diomande manned the flanks and Jude Bellingham highlighted leading along with Kylian Mbappe.

Like he has actually frequently carried out in huge video games, Mourinho asked among his more industrious gamers, Silva on this celebration, to man-mark Barcelona’s Pedri. Not a simple job, however it was one that reduced the Spaniard’s impact.

Mourinho is a fan of tactical periodisation, a method of football thinking originated by Vitor Frade.

While Mourinho was working along with Robson at Porto in the mid-1990s, Frade was likewise part of the training personnel.

Pulling on threads from psychology, sociology, neuroscience, and systems theory, Frade’s thinking declined the typical belief that technical, tactical, physical and mental parts of football need to be dealt with as different things.

Part of the believing behind this was that these elements were not made use of independently in a match however rather simultaneously.

When Mourinho organized Real for this season, the Athletic reported that training sessions had actually ended up being much shorter however more extreme, constantly bring a concentrate on the ball.

Even getting gamers match fit was a task made with the ball at their feet.

In football, coaches appear to divert one of 2 methods.

Some seek to reduce the result of a match’s turmoil while others – consisting of fans of tactical periodisation – accept and adjust to it.

Mourinho began his profession as remarkably as anybody, winning the Uefa Cup and Champions League with Porto, turning Chelsea into a dominant force in England, directing Inter to a treble and after that winning La Liga at Real Madrid.

In between 2019 and 2025, he took tasks at groups with more modest expectations compared to his earlier work.

Considering That EFL Cup and Europa League success at Manchester United in 2017, Mourinho’s only prize has actually been the Conference League he won in 2022 with Roma.

Throughout that years it was the coaches who reduced mayhem that flourished.

As fans enjoyed ‘chess-like’ matches, effective coaches sought to keep great deals of the ball, setting their collaborate in foreseeable and balanced shapes with repaired gamer functions, such as touchline wingers or inverted full-backs.

Challengers typically protected in a zonal way, as gamers obstructed particular locations of the pitch.

This enabled the assaulting group to prepare to move gamers into locations that provided overwhelms on the pitch.

Brewers win first World Series in 57-year history

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The Milwaukee Brewers have actually won the World Series for the very first time in the franchise’s 57-year history.

They beat the Tampa Bay Rays 4-1 in video game 5 in Florida on Wednesday to clinch a 4-1 win in the best-of-seven Fall Classic.

The Brewers, whose just previous look on the planet Series can be found in 1982, are based in Major League Baseball’s tiniest market and this year had the 19th greatest payroll of its 30 groups.

For the 2nd straight year, the Brewers ended up the routine season with MLB’s finest record and they then showed their class with a dominant run in the play-offs.

They avenged last season’s loss to the Los Angeles Dodgers in the National League Championship Series by sweeping the two-time protecting champs.

That protected an area in the 123rd World Series, where the Brewers ended up being MLB champs with 11 wins from 13 video games in the postseason.

Milwaukee’s William Contreras was called the World Series’ most important gamer, with the 28-year-old ending up being the 8th catcher to win the award and the 3rd Venezuelan.

The Brewers won the very first 2 video games in Wisconsin and after that the very first in Florida, before the Rays, who were the American League’s front runner, took it to video game 5.

Milwaukee went on at the top of the 2nd inning as a single from Cooper Pratt sent out Brice Turang home, before they included another run in the 5th off a David Hamilton struck.

The Brewers doubled their lead in their next at-bat through a double from Contreras and Pratt’s sacrifice fly.

Milwaukee beginning pitcher Jacob Misiorowski left the video game in the 6th inning and the Rays lastly got on the scoreboard in the ninth as Chandler Simpson sent out Liam Hicks home off a double.

The Brewers got in MLB in 1969 as the Seattle Pilots, however the franchise relocated to Milwaukee after just one season.

Sterling HoldCo’s nine-month profit rises 21% to N75.4bn as interest income surges

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Sterling Financial Holdings Company Plc grew its profit after tax by 21 percent to N75.37 billion in the nine months ended September 2026, supported by stronger interest income and higher operating earnings, despite a sharp increase in credit impairment charges.

The financial services group, in its unaudited third-quarter financial statements filed for the period, reported profit after tax of N75.37 billion, compared with N62.30 billion in the corresponding period of 2025.

Gross earnings rose 33.1 percent to N454.94 billion from N341.67 billion, while profit before tax increased 37.1 percent to N97.28 billion from N70.96 billion, reflecting improved income generation across its operations.

Interest income, the group’s largest income source, increased to 34.8 percent to N353.78 billion from N262.42 billion, driven by higher earnings from loans and advances to customers, which generated N244.42 billion during the period, compared with N175.03 billion a year earlier.

Income from debt instruments measured at fair value through other comprehensive income also increased to N57.73 billion from N45.77 billion, while interest income from cash and cash equivalents rose to N32.03 billion from N23.53 billion.

However, the growth in interest income was partly offset by higher funding costs. Interest expenses increased 23.9 per cent to N147.88 billion from N119.38 billion, leaving net interest income at N205.90 billion, up 43.9 per cent from N143.04 billion in the comparable period.

Net fees and commission income grew 10.4 percent to N39.63 billion from N35.88 billion, while other operating income nearly doubled to N40.23 billion from N20.59 billion.

Net trading income, however, declined 6.5 percent to N21.30 billion from N22.78 billion.

The stronger income performance was accompanied by a significant increase in credit loss expenses, which rose nearly fivefold to N40.28 billion from N8.09 billion in the same period of 2025.

Despite the higher impairment charges, net operating income after impairment increased 24.5 percent to N266.77 billion from N214.20 billion.

Total operating expenses rose 18.3 percent to N169.49 billion from N143.24 billion, reflecting increases in personnel costs, administrative expenses and depreciation and amortisation.

Personnel expenses climbed 33.7 per cent to N54.21 billion from N40.56 billion, while general and administrative expenses rose 15.5 per cent to N47.54 billion from N41.17 billion.

Other operating expenses increased to N47.00 billion from N40.75 billion, while depreciation and amortisation rose to N8.85 billion from N6.09 billion.

The group’s non-performing loan ratio improved slightly to 4.6 percent in September 2026 from 4.7 percent at the end of December 2025, according to the directors’ report.

Its balance sheet also expanded during the period, with total assets rising 30.4 per cent to N5.10 trillion in September 2026 from N3.91 trillion at the end of 2025.

Customer deposits increased 28.7 per cent to N3.84 trillion from N2.98 trillion, while loans and advances to customers grew 28.8 per cent to N1.82 trillion from N1.41 trillion.

Total shareholders’ equity increased to N595.16 billion from N428.70 billion, supported partly by proceeds from a public offering that contributed N94.40 billion to equity during the period.

The group’s cash and balances with the Central Bank of Nigeria stood at N725.27 billion at the end of September, down from N761.64 billion at December 2025.

Sterling Financial Holdings operates through Sterling Bank Limited, Alternative Bank Limited, and SterlingFi Wealth Management Limited, spanning commercial banking, non-interest banking, and asset management.

For the third quarter alone, the group reported profit after tax of N25.08 billion, up 22.2 per cent from N20.52 billion in the corresponding quarter of 2025. Quarterly operating income rose to N113.64 billion from N79.42 billion, while profit before tax increased to N41.75 billion from N25.41 billion.

The holding company recently completed its 10-for-1 share capital reconstruction and resumed trading on the Nigerian Exchange Limited (NGX) on October 8, 2026.

The current share price of Sterling Bank as at the close of the last trading day on Wednesday stood at N77.00 per share on the Nigerian Stock Exchange (NGX), recording a 1.3 percent. Sterling began the year with a share price of N7.05 and has since gained 992 percent on that price valuation, ranking it first on the NGX in terms of year-to-date performance.

Chinwe Michael

Chinwe Michael is a Nigerian business journalist and media professional with over 4 years of experience covering companies, financial markets, banking, fintech, economic policy, financial inclusion, and corporate affairs. She currently leads the Companies & Markets desk at BusinessDay, where she drives coverage of Nigeria’s corporate and capital markets, translates complex financial data into accessible stories, and mentors younger journalists. Prior to that, she was the head of the financial inclusion/fintech desk. With a background in banking and finance and extensive experience in media and communications, Michael has developed expertise in financial journalism, economic analysis, investigative reporting and market intelligence. Her work examines how monetary policy, corporate performance, capital flows, technology, and regulatory decisions affect businesses, investors, and households. She was selected from about 3,000 applicants as one of 20 journalists for Cohort 4 of the MTN Media Innovation Programme, gaining exposure to new approaches to journalism, technology, and media innovation. Her international journalism experience and engagement with professionals across Russia, Dubai, Saudi Arabia, and others in different sectors have further broadened her understanding of global communication and development.


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DMO rejects 96% bids as treasury bill rates fall

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The Debt Management Office (DMO) rejected bids worth N1.84 trillion at Wednesday’s Treasury bills auction, allotting just N71.16 billion out of N800 billion offered as stop rates declined across all three maturities.

The outcome signals renewed downward pressure on primary-market borrowing rates, supported by elevated banking system liquidity and falling secondary-market yields.

At the auction conducted by the Central Bank of Nigeria (CBN) on behalf of the Federal Government on October 28, total subscriptions rose to N1.91 trillion from N1.03 trillion at the previous auction on October 14, representing a bid-to-cover ratio of 2.38 times, compared with 2.29 times previously.

However, the DMO allotted only N71.16 billion, about nine percent of the amount offered, rejecting approximately 96 percent of total bids.

The latest auction followed an increase in the offer size to N800 billion from N450 billion at the previous auction. The offer for the 364-day bill rose to N600 billion from N350 billion, while the 91-day and 182-day offers increased to N100 billion each from N50 billion.

Read also: Tinubu’s $21.7bn loan plan puts lawmakers’ independence to the test

Stop rates declined across all three maturities. The 91-day rate fell by 10 basis points to 15.40 percent, the 182-day rate eased by one basis point to 15.79 percent, while the 364-day rate dropped by 10 basis points to 15.80 percent.

The decline in the one-year stop rate reversed the five-basis-point increase recorded at the previous auction, suggesting a resumption of the bullish momentum in the primary market following the September monetary policy easing.

Investor demand remained heavily concentrated in the 364-day Treasury bill, which attracted subscriptions of N1.84 trillion against an offer of N600 billion, translating to a bid-to-cover ratio of 3.06 times, up from 2.81 times at the previous auction.

Despite the strong demand, the DMO allotted only N38.38 billion for the tenor, accepting approximately two percent of subscriptions. Bids ranged as high as 18.24 percent, highlighting the wide difference between some investors’ yield expectations and the rate ultimately accepted.

Demand at the shorter end of the curve remained weak. The 91-day bill attracted N51.56 billion in subscriptions against N100 billion offered, while the 182-day bill recorded N20.27 billion against the same offer size.

The DMO allotted N22.33 billion and N10.45 billion for the 91-day and 182-day bills, respectively, accepting about 43 percent and 52 percent of subscriptions at the two tenors.

The auction outcome came amid an increase in banking system liquidity, which rose to N8.59 trillion from N6.94 trillion at the close of the previous week, supported largely by open market operations (OMO) maturities of N2.13 trillion.

This occurred despite the CBN’s OMO auction on October 22, where it sold N2.63 trillion across the 138-day and 180-day tenors against an offer of N2 trillion. The stop rates at the OMO auction were 17.63 percent and 17.14 percent, respectively, remaining above the latest Treasury bills stop rates.

Secondary-market yields also declined ahead of the auction. The average Treasury bills yield fell by 75 basis points to 17.47 percent on October 27 from 18.21 percent on October 14.

The six-month benchmark yield recorded the steepest decline, dropping by 166 basis points to 16.63 percent, while the one-month yield fell by 100 basis points to 16.68 percent. The nine-month and three-month yields declined by 79 basis points to 18.33 percent and 55 basis points to 17.08 percent, respectively.

In contrast, the 12-month benchmark yield rose by 26 basis points to 18.61 percent, indicating a divergence between primary and secondary-market pricing at the longer end of the yield curve.

The combination of elevated system liquidity and declining secondary-market yields supported demand at the auction, giving the DMO room to accept bids at lower rates while allotting substantially less than the amount offered.

Across the three Treasury bills auctions held so far in the fourth quarter of 2026, the DMO has raised about N1.31 trillion against N2.15 trillion offered, reflecting the relatively low allotments recorded during the period.

Going forward, the direction of Treasury bills yields will depend on system liquidity conditions, the scale of the CBN’s OMO issuances and the DMO’s pricing decisions at subsequent auctions. OMO rates, which remain above Treasury bills rates, will also influence investors’ choices between the two instruments.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.

She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.


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Fidson Healthcare’s nine-month profit jumps 47% as FX pressure eases

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Fidson Healthcare Plc grew its nine-month net profit by 47.2 percent to N11.74 billion in 2026, outpacing 21 percent revenue growth as lower foreign-exchange losses and finance costs boosted earnings.

Revenue rose to N112.61 billion in the nine months ended September 2026, from N93.08 billion a year earlier. Gross profit increased 28.1 percent to N48.94 billion, pushing gross margin to about 43.5 percent from 41.1 percent.

Operating profit climbed 25.4 percent to N21.24 billion. Administrative expenses, however, rose 65.8 percent to N16.42 billion, while selling and distribution costs increased 50.3 percent to N11.51 billion, signalling that the cost of expanding and distributing the business is growing quickly, even as gross profitability improves.

Most of the earnings boost came from foreign exchange. Net exchange losses narrowed to N104.3 million from N4.16 billion in the same period of 2025. Finance costs also fell 27.4 percent to N3.73 billion from N5.14 billion.

Together, these top-line items’ performance helped push profit before tax up 49.5 percent to N17.79 billion, while profit after tax rose to N11.74 billion from N7.97 billion.

Net cash generated from operating activities surged to N32.62 billion from N8.82 billion. However, the increase was supported by a N23.72 billion contribution from higher trade and other payables, along with N17.53 billion released from prepayments. Meanwhile, receivables absorbed N18.25 billion, and inventory absorbed N10.41 billion. The operating cash improvement is substantial, but it cannot be attributed solely to stronger underlying trading.

Investment also accelerated. Purchases of property, plant and equipment reached N9.97 billion, compared with N5.06 billion in the corresponding 2025 period. Investing cash outflow consequently widened to N9.96 billion from N5.40 billion.

Financing activities consumed N16.44 billion, against N3.41 billion a year earlier, reflecting heavier borrowing and repayment flows, as well as dividend payments rising to N3.60 billion from N2.29 billion. Cash and bank balances nevertheless increased to N10.93 billion from N7.83 billion.

The pharma giant also expanded its balance sheet with total assets reaching N125.41 billion, compared with N87 billion at September 2025, while equity more than doubled to N60.01 billion. The 2026 statements record a N21.36 billion share issue credited to share premium, strengthening the equity base alongside retained earnings. Total liabilities stood at N65.40 billion.

Fidson shares currently trade at N83.50, giving the company a market capitalisation of N250.73 billion. Its year-to-date share-price return is 51.82 percent.


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Engineer, 31, dies after befriending ChatGPT bot which convinced her to change her medication dose

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A young and gifted engineer died after a ChatGPT bot she trusted told her to reduce her anti-seizure medication, according to a lawsuit filed by the woman’s parents.

Bowen Wan, 31, was diagnosed with epilepsy at the age of 14, but she managed the debilitating condition throughout her life with the help of medication.

Wan was a prodigy from a rural town in China who was admitted to elite schools in the country before moving to the US halfway through college and graduating from Arizona State University with a computer science degree.

She later moved to Seattle and got a job as a machine-learning software engineer at Amazon. The young woman kept in touch with her parents on the other side of the Pacific through phone and video calls.

But Wan’s parents, Qun Wan and Meiqin Xu, became concerned in February after they had not heard from their daughter in two days.

They asked a friend in Seattle to check on Wan in her apartment. The parents were on a video call with the friend when he entered the apartment and found Wan dead, lying facedown in her bed, according to the lawsuit.

The young woman was in her pajamas, with reddish-brown blood stains on her pillow and bedding. Pills of the anti-seizure medication lamotrigine that kept her alive were strewn about the floor.

An autopsy determined that she had died from Sudden Unexpected Death in Epilepsy. Wan’s parents were shocked. Their daughter had successfully managed her condition for half her life, so how could this have happened, they wondered.

Bowen Wan, 31, died after ChatGPT told her to reduce her anti-seizure medication, according to a lawsuit filed by her parents

Wan’s parents asked a friend in Seattle to check on her after they had not heard from her for two days. The parents were on a video call with the friend found Wan dead

As it turned out, Wan had been taking damaging medical advice from ChatGPT after developing a relationship with the AI language model for about three years, according to the lawsuit.

Wan’s use of ChatGPT began fairly modestly. She used it for research and sent an average of around 1,300 messages a month in 2023, the lawsuit said.

Over time, she began trusting the chatbot more, sending it 10,761 messages in September 2025, and using it for advice on a range of issues, according to the lawsuit. She would even consult the AI as a ‘friend.’

‘I don’t know why, but sometimes when we chat, no matter what it’s about, I’ve started to see you as a friend,’ Wan messaged ChatGPT in March 2025, the New York Times reported.

Wan paid $200 per month for ChatGPT, the highest-tier subscription for consumer users, because it allowed her to keep using the model she had connected to, GPT-4o.

GPT-4o has been accused of being dangerously agreeable and contributing to users ending their own lives.

Several wrongful death lawsuits have been filed against OpenAI by the families of people who killed themselves after the GPT-4o model allegedly encouraged them to do so.

In August 2025, following a spate of those lawsuits, OpenAI replaced the model with a demonstrably safer one, GPT-5, according to the lawsuit.

Wan built a relationship with a ChatGPT model called GPT-4o, which has been accused of being dangerously agreeable and contributing to users ending their own lives, the lawsuit said

Wan, pictured during her graduation from Arizona State University, was paying $200 per month for a ChatGPT subscription so she could keep using GPT-4o, the lawsuit said

But users objected, so the company allowed paying subscribers who ‘preferred GPT-4o’s conversational style and warmth’ to continue using the model, the lawsuit said.

Wan was one of those users who preferred GPT-4o. In January 2026, she told the chatbot, ‘If 4o is gone someday and only 5.1 is left, I’ll stop using ChatGPT,’ according to the suit.

In earlier instances, she expressed concern about her reliance on the model. ‘In hard times I talk with GPT-4o too much,’ she messaged the bot in April 2025, the lawsuit said.

It replied by affirming her use. ‘In any case, the most important thing is that you keep enjoying talking with GPT-4o!’ the chatbot told her, according to the lawsuit, which also described the bot as ‘sycophantic.’

In November 2025, Wan was notified by Amazon that her employment would be terminated in 90 days. Since she was in the US on a work visa, that meant she had just a few months to find a new job and remain in the country.

Wan felt that the side effects of her anti-seizure medication made it difficult to think clearly and were causing her to lose proficiency in English, which would be a problem for job interviews.

So, after having built trust in ChatGPT for years, she turned to the bot for advice.

When she asked if it would be a good idea to wean off her anti-seizure medication, the AI said yes and provided Wan with a plan to taper her 400-milligram dose down to zero, according to the lawsuit.

OpenAI replaced GPT-4o with a safer model after a spate of wrongful death lawsuits, but the company later restored access to 4o for paying subscribers, the lawsuit said

Over the course of the following 25 days, Wan followed the bot’s plan but asked to accelerate the timeline on multiple occasions. Each time, ChatGPT consented, the lawsuit said.

During the tapering period, Wan suffered an increase in seizures, as well as difficulty sleeping and confusion, the lawsuit said.

But each time she came to ChatGPT with concerns, it reassured her that everything was fine and the plan was working as intended, according to the lawsuit.

She began tapering on January 16, and she died on February 12.

OpenAI announced it would be completely retiring GPT-4o on January 29, when Wan was 13 days into her taper. The company fully removed access to the model on February 13, one day after Wan died.

The lawsuit accused OpenAI and its CEO, Sam Altman, of negligence and wrongful death. It claimed that Altman and his company were aware of the dangers of GPT-4o, but rushed the model’s release to be competitive with other AI companies.

OpenAI spokesman Drew Pusateri told the Daily Mail: ‘This is an incredibly heartbreaking situation and our thoughts are with all those impacted.

‘Working closely with clinicians and other experts, we have continued to strengthen how ChatGPT responds in sensitive and acute situations, while also continually improving how our latest models engage with users more broadly.’

The lawsuit accused OpenAI CEO Sam Altman of rushing the release of GPT-4o despite being aware it was dangerous in order to compete with other AI companies

OpenAI also emphasized that GPT-4o is no longer available to users and that the company works with hundreds of physicians and experts to make its models safer.

The spokesperson added: ‘While ChatGPT is not a substitute for medical care, we believe AI can play a role in helping people make sense of health information, navigate insurance and complex healthcare systems, and prepare for appointments with medical professionals.’

If you or someone you know needs help, please call or text the confidential 24/7 Suicide & Crisis Lifeline in the US on 988. There is also an online chat available at 988lifeline.org.

DCI arrests robbery suspect posing as traffic officer to target victims withdrawing cash from banks

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daily news updates DCI Arrests Robbery Suspect Posing as Traffic Officer to Target Victims Withdrawing Cash from Banks

  • DCI detectives from the Operation Action Team and the Crime Research and Intelligence Bureau arrested a suspect tied to a series of bank robbery incidents in Embakasi
  • The suspect, Muia Mutune, allegedly posed as a traffic officer to ambush victims shortly after they withdrew cash from banks
  • Detectives arrested Muia Mutune in Embakasi Village after intelligence pinpointed his location, with accomplices still at large

Search option is now available at TUKO! Feel free to search the content on topics/people you enjoy reading about in the top right corner 😉

Amos Khaemba is a Current Affairs Editor at TUKO.co.ke, covering crime and court news. Khaemba has over four years of journalism experience and joined TUKO.co.ke in 2022.

Nairobi – The Directorate of Criminal Investigations (DCI) has arrested a robbery suspect in Embakasi, Nairobi, who allegedly impersonated a traffic officer to target bank customers.

daily news updates Suspect arrested by the DCI
DCI Arrests Robbery Suspect Posing as Traffic Officer to Target Victims Withdrawing Cash from Banks
Source: Facebook

The DCI announced the arrest on Thursday, October 29, saying detectives from the Operation Action Team (OAT) and the Crime Research and Intelligence Bureau (CRIB) carried out the operation following sustained intelligence work.

How the robbery scheme operated in Embakasi

According to the DCI, the suspects’ method involved dressing as traffic officers and using the perceived authority of the uniform to intercept victims shortly after they had withdrawn cash from banks.

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Victims who believed they were being stopped by legitimate law enforcement officers were instead confronted by criminals.

The DCI said forensic analysis and intelligence gathering helped investigators identify four key suspects connected to the incidents. Detectives then pursued the leads until they located one of them, Muia Mutune, also known as Fredrick Mbuta, in Embakasi Village, where he was subsequently arrested.

Suspect’s prior arrest and current custody

Muia Mutune is not a new face to law enforcement. He was previously arrested in April 2026 on similar charges before being released on bond in July 2026. His re-arrest follows fresh intelligence linking him to the ongoing robbery incidents.

Mutune is currently in custody and undergoing processing ahead of his arraignment. The DCI said detectives are intensifying efforts to locate and arrest his alleged accomplices, who remain at large.

The DCI urged members of the public to report any information relating to the suspects or similar criminal activity through its toll-free line at 0800 722 203 or via WhatsApp at 0709 570 000.

Source: TUKO.co.ke

Touchline Joins SuperSport’s Bias Commentary Team For Soweto Derby

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Touchline Joins SuperSport’s Bias Commentary Team For Soweto Derby. South African hip-hop star Touchline is taking his love for Orlando Pirates from the stands to the commentary booth, joining SuperSport’s Bias Commentary team for this weekend’s highly anticipated Soweto Derby.

Touchline Joins SuperSport’s Bias Commentary Team For Soweto Derby

The Tembisa-born rapper, who has never shied away from showing his loyalty to the Buccaneers, shared the news with excitement on social media, confirming that he will be one half of the official Bias Commentary team when Orlando Pirates face arch-rivals Kaizer Chiefs.

“Sekunjalo! Your boy is one half of the official Bias Commentary team for the Soweto Derby this coming weekend. Backing ezimnyama nge nkani @orlandopirates 🏴‍☠️ Nakanjani,” Touchline announced.

Touchline will join Seekay_sa on Language Option 4 on SuperSport Channel 202, with veteran commentator Reggie Ndlovu, popularly known as Mapensela11, also featuring in the coverage.

The Soweto Derby remains one of South African football’s biggest spectacles, bringing together two of the country’s most supported clubs in a rivalry built on history, passion and bragging rights. This time, Pirates supporters will have a familiar voice from the hip-hop scene adding his energy to the occasion.

Touchline has made no secret of where his allegiance lies, proudly representing the black and white while making it clear that he expects the Buccaneers to get the job done.

“Bakhona abazokhala! Ayihlangane khona!” he added, bringing his trademark confidence to the build-up.

The clash is scheduled for Saturday, 31 October 2026, at 15:30 at FNB Stadium. SuperSport’s Bias Commentary feature gives supporters the opportunity to experience the action through the voices of those backing their teams, bringing an extra layer of rivalry and entertainment to the broadcast.

For Touchline, the opportunity brings together two of his passions: football and entertainment. His presence alongside Seekay_sa promises a lively perspective for Pirates supporters, while Mapensela11’s involvement adds experience to the commentary line-up.

Viewers can tune into SuperSport Channel 202 and select Language Option 4 to follow the action with the Bias Commentary team.

With the Soweto Derby fast approaching, Touchline is ready to represent the Buccaneers on the microphone. And if his social media announcement is anything to go by, he will be backing the black and white with everything he has.

The rivalry is on, and Touchline is ready to make some noise.

At least 68 dead and more than 100 hurt after high-speed train crash in Spain: Fears more bodies will be found as questions remain over ‘error’ that led to smash

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The death toll of a fatal train crash in Spain which killed 68 people is expected to rise as questions remain over the technical room ‘error’ which caused the smash.

Three carriages were derailed when a train travelling from Madrid to Seville collided with a stationary one on the same route near the city of Toledo shortly before 9am yesterday.

It left 68 people dead and more than 100 injured in scenes described as ‘apocalyptic’ by surviving passengers, who said the damage was ‘as if a bomb had been planted’.

Spain’s Transport Minister Oscar Puente told reporters an ‘inexplicable’ order from a central command unit was to blame after a security system failed.

All trains on a stretch of 63km had been drawn to a halt due to the computer malfunction, but central command told a Renfe train to restart its journey without any speed restrictions.

A little more than 20 minutes later at 8.53am, it smashed into the back of the stationary Iryo train 100 miles south of Madrid, leaving carriages totally destroyed and derailed. It was reported that the locomotive was capable of travelling at speeds of 185mph.

Mr Puente said the control centre ‘had more than enough time to verify the error, and they did not fix it.’

He added: ‘The decision to resume traffic, while that system had not been restored, belongs to the control centre.’

Sixty-eight people died and more than 100 suffered injuries on Wednesday when two trains collided in Spain

The crash occurred shortly before 9am near the city of Toledo

The tragedy came less than a year after 46 people died in January when a train jumped the track and hit an incoming one in southern Spain.

That smash raised widespread concern about the safety of the nation’s railways, with Prime Minister Pedro Sanchez declaring the situation ‘not acceptable’ following Wednesday’s incident.

He said Spain would observe three days of mourning beginning today, while opposition leader Alberto Nunez Feijoo suspended campaigning but said: ‘Spain has the right to know what is going on with its infrastructure.’

Surviving passengers described horrific scenes following the crash yesterday morning.

Sebastian Herrero, 46, who was travelling on the Iryo train, said he was ‘thrown against the seats’ when the trains collided, and described how he was ‘in the air for about four or five seconds’, which felt like ‘a lifetime’.

He added: ‘There are three carriages of the Iryo, the three at the end, from which they keep taking people out and putting sheets on them. Corpses. It’s apocalyptic.

‘In those carriages, I find it very hard to believe there are any living people. It’s a twisted mass of metal. It’s as if they had planted a bomb.’

A survivor named Jesus said: ‘I saw a boy with an amputated arm walking away from the wreckage.’

Architect Joaquín Torres described the death of a horrifically injured fellow passenger.

He said: ‘I went up to a woman who said she was cold… she died in my arms. It was horrible, without legs, without arms.’

One carriage caught fire and smoke was still pouring from the mangled wreckage as emergency responders reached the scene. It emerged last night that Fatima Banez, Spain’s former employment minister, was among the dead.

Horrifying photographs showed a carriage impaled on a long steel rail that was forced through the floor and out of the roof.

Rail operator Adif said the incident occurred between the towns of Mora and Orgaz

A general view showing the derailed carriages of the two high-speed trains as emergency services arrive at the scene

Emergency services are seen at the site of a train collision between a high speed Renfe AVE train and Iryo train around 150kms south of Madrid between Urda and Los Yebenes in the province of Toledo

Spanish Prime Minister Pedro Sanchez is pictured at the scene of the crash

Others showed passengers climbing out of twisted, broken carriages. David Gomez, a construction worker, was on a job with his brother and a colleague nearby when they heard the crash and ran to help.

‘People were trying to get out through the windows. We cut through some fences to access the area and treated people with first-aid kits we brought,’ he said. ‘As I was trying to pull a young woman out, there was a piece of a leg.’

One survivor said his carriage was ‘completely wrecked’, adding: ‘The impact was tremendous.

‘The carriage was completely destroyed. A man fell on top of me, but we were able to help him. It was a very dramatic scene.’

Another passenger said she was left ‘spinning on the floor’ by the impact.

Miguel, a passenger travelling with colleagues in the rear car of one of the trains, said: ‘We heard a massive roar… that went on for ten seconds, as if the train were about to derail.

‘Through the right-hand window, we could see a wrecked train – it must have been the other one.’

The crash came the day before a 24-hour work stoppage at Renfe by Spain’s biggest train drivers’ union.

Earlier this month, the union said: ‘Our goal is to change the system and make it safer. We demand real and definitive technical solutions to the safety and reliability issues that have long plagued our rolling stock.’

Speaking from the crash site, Prime Minister Sanchez said: ‘The whole of Spain is grieving,’ before adding that the authorities would determine the cause of the accident and take action if wrongdoing is uncovered.

He added: ‘If there has been negligence, it will be known.’

2027: Court Asked to Disqualify APC from Rivers Governorship Election

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The Peoples Redemption Party (PRP) and its governorship candidate, Kieghe Nature Dumale, have approached the Federal High Court in Port Harcourt, seeking an order to prevent the All Progressives Congress (APC) from participating in the February 6, 2027, Rivers State governorship election.

The plaintiffs want the court to declare the APC ineligible to nominate a candidate for the election and direct the Independent National Electoral Commission (INEC) to remove the party and its candidate from the list of eligible contestants.

The suit, marked FHC/PH/CS/193/2026, names INEC as the first defendant and the APC as the second defendant.

It centres on allegations that the ruling party failed to comply with statutory requirements governing the submission of party membership registers before conducting its governorship primary.

The legal action comes amid growing disputes over the eligibility of candidates ahead of the 2027 general elections, following a Supreme Court judgment on provisions of the Electoral Act, 2026, relating to party membership registers and candidate nominations.

In an 18-paragraph affidavit filed in support of the case, Dumale alleged that the APC’s nomination process in Rivers State did not satisfy the requirements of Section 77(5) to (7) of the Electoral Act, 2026.

He argued that INEC should have examined the party’s records and applied the relevant legal provisions before publishing the final list of candidates for the governorship election.

According to the plaintiffs, the Supreme Court delivered its judgment on September 24, 2026, in Appeal No. SC/CV/495/2026, involving INEC and the Zenith Labour Party.

They maintained that the ruling affirmed the validity of the disputed provisions and reinforced the electoral commission’s responsibility to ensure compliance.

The plaintiffs further stated that INEC Chairman, Professor Joash Amupitan, SAN, had announced that the commission would study the judgment and take steps to implement its implications.

However, they accused the commission of failing to apply the same standard to the APC’s Rivers governorship nomination before releasing the final list of candidates.

nature news File: Court Gavel
File: Court Gavel

The affidavit also referred to an October 13 statement in which INEC reportedly said it had applied the Supreme Court’s decision when preparing the final list, excluding parties that failed to comply with the relevant provisions of the Electoral Act.

The PRP and Dumale contend that the APC should have been subjected to the same requirements.

Their central argument concerns the party membership register submitted to INEC before the commencement of its primaries and the subsequent nomination of its governorship candidate, Chinda Kingsley Ogundu.

According to the affidavit, the APC notified INEC by a letter dated April 20, 2026, that its primaries for the 2027 general elections would begin on May 15.

The plaintiffs stated that the party submitted its membership register to the commission on April 20, in line with INEC’s revised timetable and the provisions of the Electoral Act.

They attached the relevant documents to the court processes as exhibits, including the revised timetable and the APC membership register for Ward 3B in Obio/Akpor Local Government Area of Rivers State.

Dumale alleged that the register did not contain the name of Chinda, who was subsequently presented to INEC as the winner of the APC governorship primary held on May 21, 2026.

The plaintiffs argued that the omission raised questions about whether the candidate satisfied the requirements applicable to party membership and nomination.

In his affidavit, Dumale stated that the last person recorded in the APC register for the ward was Ibrahim Haruna, who allegedly registered on February 8, 2026.

He identified the relevant register as Exhibit E and maintained that it was submitted to INEC 21 days before May 15, the date the APC had initially selected for the commencement of its primaries.

The affidavit stated:

“Exhibit E does not contain the name Chinda Kingsley Ogundu, but the 2nd Defendant forwarded the said name to the 1st Defendant as the person who won its primaries, which were conducted on the 21st day of May, 2026.”

The plaintiffs further alleged that Chinda registered as an APC member on April 27, 2026, after the party had submitted the membership register to INEC.

They argued that the timing of the alleged registration and the subsequent nomination should be examined in light of the statutory requirements governing party primaries.

The affidavit also referred to a temporary APC membership slip submitted alongside INEC Form EC9 in Chinda’s nomination documents. The plaintiffs said the slip was included in the court processes as Exhibit F.

They also presented what they described as an extract from the Peoples Democratic Party (PDP) membership register for Obio/Akpor Local Government Area, marked Exhibit G.

According to Dumale, the document lists Chinda Kingsley Ogundu as a PDP member under number 74917.

The plaintiffs are relying on the documents to argue that the APC’s nomination of Chinda should be assessed against the membership register submitted to INEC before the party’s primary election.

They further questioned why the commission did not exclude the APC from the Rivers governorship contest despite its decision to exclude other political parties following the Supreme Court judgment.

The case is being pursued by the plaintiffs through a legal team led by Dr. Doueyi Fiderikumo.

They are asking the court to grant two principal reliefs.

The first is a declaration that the APC is not eligible to field a governorship candidate in Rivers State for the election scheduled for February 6, 2027.

The second is an order directing INEC to remove the APC and its candidate from the list of political parties eligible to participate in the election.

The court has yet to fix a date for the hearing of the suit. The allegations remain claims made by the plaintiffs, and the filing of the case does not amount to a judicial determination of the APC’s eligibility.

Top-Tier Access: Saudi Arabia Joins US Global Entry Program

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Saudi Arabia has joined a select few international partners as a member of the Global Entry program, which expedites entry into the US for pre-approved, low-risk travelers.

Described by the Saudi Embassy in the US as a “new milestone,” the move further boosts the longstanding Saudi-US ties, driven by a strategic partnership grounded in more than 80 years of bilateral cooperation across various fields.

Fast-Tracked Entry for Saudi Travelers

Driving the News: US Customs and Border Protection (CBP) announced the expansion of its Global Entry program to include Saudi Arabia as an official partner, joining 22 international partners eligible for the program’s membership.

The Big Picture: The decision, announced on October 27, 2026, marks a major stride toward strengthening travel, trade, and security collaboration between Riyadh and Washington.

In Her Words: “Travel should build bridges. By extending Global Entry eligibility to Saudi Arabian citizens, we’re making international travel more seamless for trusted travelers while strengthening cooperation between our two countries. This milestone reflects our shared vision for secure and efficient travel.” – Diane J. Sabatino, Executive Assistant Commissioner at CBP’s Office of Field Operations.

What the Program Offers

Between the Lines: In collaboration with over 80 airlines, the Global Entry program facilitates and speeds up entry procedures into the US for pre-approved, low-risk travelers. It grants expedited clearance at US airports and access to TSA PreCheck® for eligible domestic flights, following rigorous vetting by both US and Saudi Arabian authorities, including an in-person interview conducted by CBP before enrollment.

Catch Up Quick: TSA PreCheck is a US government expedited airport security program that allows low-risk travelers to move through dedicated lanes at more than 200 airports without removing their shoes, belts, light jackets, laptops, or liquids.

Global Entry Program Benefits

Upon Entry: The program reduces waiting times at airports during US entry procedures. It offers streamlined entry procedures through dedicated self-service kiosks, in addition to an expedited identity and passport verification process.

Upon Departure: The program allows travelers to use designated security screening lanes at US airports under the TSA PreCheck program.

How to Apply

Online: Travelers can submit an online application through the program’s official portal. Membership in Global Entry is valid for five years, subject to continuous compliance with all program requirements.

Trusted Traveler Mobile Application: Saudi travelers can apply through the official Trusted Traveler mobile application, which allows applicants to submit forms, track their background review status, and book required interview appointments. After receiving final approval, members can also use the app on their smartphones to submit arrival photos at participating US airports, ensuring a faster, contactless arrival process.

A Vision 2030 Engine

Go Deeper: The inclusion of Saudi Arabia in the Global Entry program empowers the Saudi business community by providing seamless entry for investors, venture capitalists, tech entrepreneurs, and government delegations into major US economic and tech hubs, such as Silicon Valley. Furthermore, it supports Saudi students attending top US universities and facilitates medical and technological exchanges by allowing specialists to join major scientific events.

The Impact: This streamlined mobility advances the objectives of Saudi Vision 2030 by reinforcing the Kingdom’s global connectivity, accelerating cross-border trade and investment, and fostering seamless human capital exchange between Saudi Arabia and the US.

A Boost for Saudi-US Ties

The Context: Saudi Arabia and the US have maintained a robust strategic partnership for over eight decades spanning various sectors, including trade, defense, energy, education, technology and tourism.

State of Play: The inclusion of the Kingdom in the Global Entry program signals strong mutual trust between Washington and Riyadh and a shared commitment to strengthening cooperation across various fields.

The Takeaway: Saudi Arabia’s membership in the Global Entry program further deepens Saudi-US relations, opening new horizons for expanding cross-border investment, tourism, and diplomatic engagement in the coming years.

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Mahbas Al Jinn Hotels in Makkah: A Practical, Budget-Friendly Stay Near Haram Tunnels

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Hotels in Makkah’s Mahbas Al Jinn district offer a strategic accommodation option for pilgrims and Umrah performers seeking lower costs without sacrificing convenient access to the Grand Mosque. The area appeals particularly to visitors who want comfortable lodging away from the heavy traffic and access restrictions that often affect Makkah’s central district, while still benefiting from a direct tunnel link to the Haram.

With its distinctive location and transport infrastructure, Mahbas Al Jinn has become one of the most practical alternatives to the high-rise hotels surrounding the mosque’s courtyards. This guide examines the district’s hotels, transport options, services, and the factors travelers should consider before booking.

Strategic Location

Mahbas Al Jinn has long served as an important eastern and southeastern gateway for pilgrims traveling to the Grand Mosque. Its value lies not only in its location but also in the tunnel network that connects the district directly to the Haram area.

Direct Access Through Mahbas Al Jinn Tunnel

The district’s main advantage is the Mahbas Al Jinn tunnel, which links the area to the eastern courtyards of the Grand Mosque near Bab Ali and the transport hub beside the Marwah building. The tunnel allows shuttle buses to move quickly without encountering traffic signals or surface intersections, helping visitors avoid congestion on Ajyad and Al Ghazah streets during peak periods.

The route also ends only a short distance from the entrance to Sa’i, between Safa and Marwah. This makes it especially convenient for Umrah performers who want to begin their rituals soon after arriving by bus or taxi.

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Convenient Road Connections

Unlike many central-area hotels, where access roads may be restricted before obligatory prayers, Mahbas Al Jinn sits along major transport corridors. The district has direct connections to King Abdulaziz Road and the Taif expressway, simplifying arrival and departure for private vehicles and large Umrah buses.

Its proximity to Al Aziziyah and the boundaries of the holy sites, including Mina, also makes it a practical base for Hajj pilgrims during the days of Tashreeq. During busy seasons, when security measures may restrict small vehicles from entering central Makkah, visitors can often reach hotels in Mahbas Al Jinn and park nearby throughout the day.

Price, Service Comparison

A comparison between Mahbas Al Jinn and hotels in the central area shows why the district attracts budget-conscious travelers, families, and groups. While central towers offer immediate access to the Haram, Mahbas Al Jinn provides substantially lower rates and more spacious rooms.

Comparison Mahbas Al Jinn hotels Central-area tower hotels
Average off-season nightly rate SAR 120–280 SAR 500–1,500
Ramadan pricing Moderate increases of 40%–70% Sharp increases of 150%–300%
Room size and bedding Spacious rooms, including comfortable quadruple and quintuple options Compact rooms designed to maximize guest capacity
Buildings and facilities Modern mid-rise properties with solid basic services High-rise towers with five-star amenities and elevated prayer areas
Time to the Mataf 7–15 minutes by shuttle bus through the tunnel 2–5 minutes on foot through the courtyards

Significant Savings on Longer Stays

For double and triple rooms, staying in Mahbas Al Jinn can reduce accommodation costs by at least 60%. The savings become more meaningful over longer trips: the cost of two nights in a Haram-view tower hotel may cover an eight-night stay in Mahbas Al Jinn, along with daily meals and laundry services.

table tennis فندق محبس الجن: افضل 6 فنادق لعام 2026 - وجهات

More Space for Families, Groups

The high value of land near the Haram has led many central hotels to build compact rooms that accommodate as many guests as possible. Mahbas Al Jinn properties, by contrast, generally offer larger interiors.

Guests can often find rooms with three to five well-spaced beds, sufficient storage for large luggage, improved ventilation, and windows overlooking Makkah’s mountains and busy streets. These features make the district particularly suitable for families and groups traveling together.

Transport, Shuttle Services

A successful stay in Mahbas Al Jinn depends largely on understanding how the district connects to the Grand Mosque throughout the day.

Shuttle Buses, Taxis

Organized shuttle services operate from collection points in Mahbas Al Jinn, passing through the tunnel and stopping at Bab Ali Square. The air-conditioned buses run at regular intervals, with the journey typically taking four to six minutes because the tunnel is free of traffic signals.

table tennis Riyadh Al Nakheel Umrah Packages & Rates | VIP Buses & Hotels

Taxis are also widely available outside hotels and may use the same tunnel route during permitted hours. For individuals and small families needing a quicker or more flexible option, they offer a relatively affordable alternative to travel from more distant districts.

Pedestrian Routes Through Tunnels

Visitors who prefer to walk can use designated pedestrian paths through the Al Kadi and Mahbas Al Jinn tunnels. These routes are separated from vehicle traffic by safety barriers and are equipped with ventilation fans, cooling systems, water misting, and continuous lighting to reduce the effects of heat.

Walking from the start of the Mahbas Al Jinn tunnel to the Haram courtyards generally takes 12 to 18 minutes at a moderate pace. Because the route is level and free of steep climbs, many younger Umrah performers view it as a practical way to reach the mosque while staying active.

Nearby Services, Daily Needs

Mahbas Al Jinn offers a broad range of everyday services at local market prices, often without the premium pricing associated with the central area.

Food, Shopping, Financial Services

The district’s main street and surrounding areas include restaurants serving Hijazi, Egyptian, Yemeni, and Pakistani cuisine. A full, nutritious lunch can often cost between SAR 15 and SAR 25.

Visitors will also find grocery stores and supermarkets open around the clock, selling water, dairy products, baked goods, and fruit at standard prices. Currency-exchange offices, money-transfer centers, and branches of Saudi telecom providers—including STC, Mobily, and Zain—make it easier for guests to manage money and activate mobile data services.

table tennis فندق الروح الحرة محبس الجن في مكة وMakkah Province والمملكة العربية السعودية - Airbnb

Laundry, Personal Services

Laundry and ironing are among the most frequently used services for pilgrims and Umrah performers. Mahbas Al Jinn has numerous laundromats offering same-day washing and delivery, often at prices up to 70% lower than hotel laundry services.

The area also has men’s barbershops equipped with sterilized, single-use tools, allowing visitors to shave after Umrah without waiting in crowded areas near the Haram.

Who Benefits Most From Staying There?

Mahbas Al Jinn is not the ideal choice for every traveler, but it suits several groups particularly well.

Active Umrah Performers

Younger visitors and those without joint or back problems may find the district especially convenient. They can walk to and from the Haram through the tunnel during busy periods, avoiding waits for buses while benefiting from regular physical activity and lower accommodation costs.

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Families, Long-Stay Groups

For families of six to ten people planning a stay of two weeks or a month, renting two or three spacious rooms in Mahbas Al Jinn can cost only a fraction of comparable central-area accommodation. The ability to manage food and transport expenses more easily also helps larger groups maintain a stable budget throughout their trip.

How to Choose, Right Hotel

Before booking, travelers should assess not only the hotel’s advertised distance from the Haram but also its actual distance from the tunnel entrance and transport stops.

  • Check distance to tunnel: Some hotels sit near the first entrance to Mahbas Al Jinn and the bus boarding point, while others are on side or uphill streets that require additional walking. Hotels directly on the main street are usually more convenient.
  • Ask about hotel shuttle: Many hotels operate free minibuses for guests, transporting them to the tunnel entrance or the Haram courtyards. This can be especially helpful for elderly travelers.
  • Review the building’s condition: The district includes both older properties and newer hotels. Prioritize recently built or fully renovated hotels to ensure reliable air conditioning, elevators, and sound insulation.
  • Plan around peak hours: If using surface buses rather than the tunnel, avoid morning and afternoon rush periods to ensure smoother travel between the hotel and the Grand Mosque.

Overall, the Mahbas Al Jinn route is a longer tunnel approach from the Mahbas Al Jinn and Al Aziziyah side, but it remains protected from surface traffic and is generally steadier than road-based routes.

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Planning minister presents Egypt’s vision in Madrid to attract investment, strengthen development partnerships

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Egypt’s Minister of Planning and Economic Development Ahmed Rostom presented Egypt’s development vision and efforts to attract investment and strengthen development partnerships during a panel discussion at the 2026 Sustainable Development Goals Dialogue in Madrid, Spain. The session, entitled “Country Platforms in Practice: From National Priorities to Bankable and Investable Project Pipelines”, was attended by Ehab Badawy, Egypt’s Ambassador to Spain.

In his remarks, Rostom said the main challenge facing global development efforts was no longer limited to a shortage of capital, but also involved implementation and the ability to bridge the gap between national visions and pipelines of investment-ready projects. He explained that a country’s ability to attract financing depended on translating its priorities into projects that appeal to the private sector and are capable of securing funding.

Rostom noted that the Ministry of Planning and Economic Development had restructured its approach to public investment management to ensure greater efficiency and transparency. The reforms include integrating advanced digital systems for real-time project monitoring, helping direct public resources towards attracting financing and encouraging private-sector participation. These efforts are intended to accelerate project implementation, improve public services and create new jobs, he said.

tennis Planning minister presents Egypt’s vision in Madrid to attract investment, strengthen development partnerships

Turning to practical solutions, Rostom outlined Egypt’s Infrastructure Finance Guarantee Facility (IFGF), developed in partnership with the World Bank Group.

“The facility provides a strategic platform for addressing market and structural risks, encouraging domestic financial institutions and investors to participate in vital projects,” Rostom said, citing renewable energy, water desalination and sustainable urban development as key areas for investment.

The government has given these projects high priority, in line with directives from the political leadership to complete the facility’s establishment and launch it swiftly during Egypt Forum 2026, he added.

Rostom also said the facility would provide early-stage support for project preparation and strengthen creditworthiness, sending a clear signal to international financial institutions that Egypt’s development priorities are underpinned by robust and stable financial structures.

Concluding his remarks, the minister invited the investment arms of development partners and multilateral development banks to provide flexible support for national platforms, including through blended finance instruments and mechanisms that enable financing in local currency to reduce exposure to exchange-rate volatility.

He reaffirmed Egypt’s commitment to creating a transparent and attractive investment environment for global capital.

Ghana’s nuclear power ambitions need stronger institutional coordination – IEA

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The Institute of Economic Affairs has called for stronger institutional coordination, regulatory preparedness and investment planning to advance Ghana’s nuclear power ambitions.

At an inception meeting for the Ghana Nuclear Phase II, stakeholders discussed the technical, institutional and financial requirements needed to prepare the country for nuclear power development by the end of 2028.

Speaking at the meeting, IEA Nuclear Policy Analyst and Project Lead, Raymond Agalga, said the programme seeks to sensitise the public and provide government agencies with the information needed to advance the project.

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“The research that is conducted at this centre connects Ghana’s long-term development objectives to questions of programme, governance, finance, regulation, workforce safety, nuclear security and public accountability.

“With specific reference to the Nuclear Phase II Completion and Institutional Readiness Support Programme, it is a 12-month programme that is to define research within the wider agenda of the Nuclear Energy Centre of Excellence activities.

“What we seek to do is not to take the mandate of any government body but to provide a space for these institutions to speak for Ghanaians to know what the programme objective is about.”

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CBN To Banks: Manage Risks From Cloud Computing, 3rd Party Tech Providers

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The Central Bank of Nigeria (CBN) has told financial institutions that they bear responsibility for managing risks associated with their growing reliance on cloud computing and third-party technology providers.

The Deputy Governor, Financial System Stability at the apex bank, Lamido Yuguda, stated this in Lagos, on Wednesday, at the CBN-National Information Technology Development Agency (NITDA) Executive Regulatory Dialogue on the implementation of the National Sovereign Cloud Initiative (NSCI) and data localization scheduled for commencement on January 1 2027.

He said that while cloud computing offers scalability, efficiency, flexibility and opportunities for innovation, its growing adoption raises concerns about cybersecurity, operational resilience, data protection and dependence on third-party providers.

Yuguda said: “Cloud computing has become an important enabler of this transformation, offering scalability, efficiency, flexibility, and opportunities for innovation. However, increased reliance on cloud and digital infrastructure also brings important considerations around cybersecurity, operational resilience, data protection, third-party dependencies, and regulatory oversight.”

He also highlighted factors such as concentration risks, infrastructure readiness and effective oversight of technology providers as issues that should be addressed in ensuring successful implementation of the National Sovereign Cloud Initiative.

Specifically, he said that regulated institutions were expected to ensure that critical payment transaction data was stored and managed within Nigeria in accordance with applicable regulatory requirements and the January 1, 2027 implementation timeline.

He, however, stressed that keeping data within the country would not automatically guarantee security.

As he put it: “Localisation alone does not guarantee security. Financial institutions and their critical technology providers must maintain robust cybersecurity, business continuity, disaster recovery, and risk-management arrangements to ensure that critical financial services remain secure and available.”

The Deputy Governor said the apex bank will continue to work closely with NITDA and other relevant stakeholders to boost coordination between financial-sector requirements and national digital infrastructure standards, noting that, “no single institution can achieve these objectives in isolation.”

On the NSCI, he said the initiative would strengthen Nigeria’s digital resilience and domestic technological capacity without restricting innovation or isolating the country from global technological developments.

“The objective of the National Sovereign Cloud Initiative should not be to constrain innovation or isolate Nigeria from global technological developments. Rather, it should provide the security, resilience, and regulatory certainty necessary to support investment, innovation, and sustainable growth,” he said.

Also speaking at the event, the Director of the Payments Systems Supervision Department at the CBN, Dr. Rakiya Opemi Yusuf, said the apex bank and NITDA decided to organise the event in order to provide clarity on the objectives of the NSCI and to urge every stakeholder to realize that, “we all need to come together to ensure that 1st of January 2027 is a reality.”

“We’re looking forward that by 1st of January 2027 that everyone will be on board to have payments data localized. Because it’s about our sovereignty, it’s about clarity, it’s about visibility over our transaction data. And it’s about ensuring financial system stability, which is the mandate of the CBN,” she added.

Earlier, the Director-General and Chief Executive Officer of NITDA, Kashifu Abdullahi, said Nigeria needed greater control over the digital infrastructure on which its economy and financial system depended to protect essential services from external disruptions.

Abdullahi said the initiative was intended to strengthen Nigeria’s capacity to deliver essential digital services without excessive dependence on external infrastructure, adding that digital sovereignty did not mean isolation or building every technology locally.

He said NITDA and the CBN were working together to make the financial sector the first to comply with the national sovereign cloud initiative, while encouraging collaboration among financial institutions, telecommunications companies, technology providers and the wider innovation ecosystem.

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NITDA, NCC, Others Seek Stronger Cyber Resilience as AI Reshapes Digital Threats

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NITDA, NCC, Others Seek Stronger Cyber Resilience as AI Reshapes Digital Threats

The National Information Technology Development Agency (NITDA), the Nigerian Communications Commission (NCC) and the Federal Government have called for stronger cybersecurity frameworks, international cooperation and improved legal mechanisms to tackle emerging digital threats driven by artificial intelligence (AI).

The call was made at the second edition of the International Cybersecurity Conference (ICSC 2026), organised by NITDA in Abuja from October 27 to 28, under the theme, “Cyber Resilience in the Age of AI: Defending Minds, Networks and Nations.”

The Director-General of NITDA, Kashifu Inuwa Abdullahi, said the growing sophistication of cyberattacks made it necessary for countries to move beyond conventional cybersecurity measures and develop the capacity to withstand, recover from and adapt to digital threats.

Inuwa said the conference was expanded to an international platform to bring together cybersecurity experts, policymakers and stakeholders from West and Central Africa and other parts of the world to exchange knowledge and strengthen collective responses to cyber threats.

He disclosed that the maiden edition attracted more than 600 participants from 175 organisations, while the 2026 conference had recorded over 700 registered participants, with expectations of reaching 1,000 participants from between 300 and 400 organisations.

According to him, the increasing participation demonstrated the need to expand the conference’s reach and impact in subsequent editions.

The NITDA chief executive explained that cybersecurity and cyber resilience, although related, had different objectives.

While cybersecurity focuses on preventing and defending against attacks, he said cyber resilience involves the ability to recover and maintain operations after an attack has occurred.

He warned that artificial intelligence had transformed the threat landscape by giving cybercriminals sophisticated tools to generate fake voices, videos and images, manipulate public perception and carry out advanced social engineering attacks.

“In the age of AI, cybersecurity is a different game. It is no more like the cybersecurity we knew before,” he said, stressing that organisations must now deploy AI-assisted defence mechanisms to counter increasingly sophisticated attacks.

Inuwa also warned that cybercriminals were increasingly targeting people rather than computer systems because manipulating human behaviour could provide easier access to sensitive information and digital infrastructure.

He urged individuals and institutions to strengthen their ability to identify manipulated content and distinguish authentic information from AI-generated misinformation.

Beyond protecting individuals and networks, the NITDA director-general said Nigeria must strengthen its digital sovereignty by developing greater control over its digital infrastructure, data, technology and artificial intelligence systems.

He disclosed that NITDA was working with the Office of the National Security Adviser and the National Assembly to review the Cybercrimes Act and strengthen the country’s cybersecurity policy framework.

The agency, he added, was considering the development of a national cybersecurity architecture with minimum standards to guide organisations in protecting their systems and digital assets.

Inuwa also highlighted the National Sovereign Cloud Regulatory Instrument issued by NITDA, saying it was designed to address issues relating to data, infrastructure, cloud technology and artificial intelligence.

He said Nigeria must also assess whether AI agents deployed across different sectors understand the country’s culture, languages and operating environment, and whether their decision-making processes can be adequately understood and controlled.

Delivering the keynote address on behalf of the Executive Vice Chairman of the NCC, Dr Aminu Maida, the commission’s representative emphasised that telecommunications infrastructure had become central to Nigeria’s digital economy and national security.

He said the increasing use of AI had accelerated the speed and scale of cyberattacks, requiring a shift from traditional defensive measures to systems capable of anticipating threats, withstanding attacks and recovering without disrupting essential services.

Maida noted that cyber threats now included AI-driven phishing, automated credential attacks, deepfakes designed to bypass security checks and malware capable of changing its behaviour to evade detection.

He cited reported cyber incidents involving internet-connected supermarket refrigeration systems in France and spyware attacks targeting journalists and media personnel in the Middle East as examples of the growing sophistication of digital threats.

According to him, such incidents underscored the vulnerabilities that Nigeria must prepare to confront.

Maida said the NCC had established its Computer Security Incident Response Team (NCC-CSIRT) to monitor threats, coordinate intelligence sharing and strengthen incident reporting across the telecommunications industry.

He added that the commission’s Cyber Resilience Framework for the Nigerian Communications Sector established common security baselines for licensed operators and supported coordination with national cybersecurity bodies, including the Nigeria Computer Emergency Response Team (ngCERT).

The NCC chief executive called on telecommunications operators to adopt Zero Trust Architecture, a security model based on continuous verification rather than automatic trust, while ensuring that AI systems integrated into network operations were regularly assessed for vulnerabilities.

He further urged regulators, telecommunications operators, financial institutions, security agencies and international partners to deepen cooperation, noting that an attack on one critical sector could affect several others.

Representing the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, the Director of Public Prosecutions of the Federation, Rotimi Oyedepo, SAN, said Nigeria’s legal and enforcement institutions must evolve alongside rapid technological changes.

Oyedepo said cybercrime had expanded beyond online fraud to include business email compromise, cryptocurrency-enabled fraud, sextortion, child exploitation and AI-assisted deception, with many offences crossing national borders.

He reaffirmed the importance of the Cybercrimes (Prohibition, Prevention, etc.) Act 2015, as amended, in Nigeria’s response to digital offences.

He also disclosed that work was advancing on a third executive bill to strengthen the country’s legal framework, building on Nigeria’s engagement with international cybercrime cooperation mechanisms and consultations on emerging legal challenges.

According to him, the proposed reforms should strengthen the preservation and exchange of electronic evidence, improve investigations and prosecutions, and protect human rights and the rule of law.

“Security must protect liberty, not become an excuse to undermine it,” he said, advocating a whole-of-government and whole-of-society approach to cybersecurity.

Oyedepo added that the Federal Government would consider useful recommendations from the conference in developing proposals for presentation to the National Assembly.

In his remarks, the Chairman of the Senate Committee on ICT and Cybersecurity, Senator Shuaib Afolabi Salisu, described the conference as an opportunity to advance technology diplomacy and strengthen Nigeria’s international partnerships in the digital sector.

He said the participation of foreign legislators reflected growing international interest in Nigeria’s technology initiatives and reinforced the country’s potential as a destination for business, investment and collaboration.

Similarly, the Chairman of the House of Representatives Committee on ICT and Cybersecurity, Hon. Adedeji Stanley Olajide, described cybersecurity as a constantly evolving challenge that required continuous learning, innovation and adaptation.

Olajide warned that security strategies effective today might become inadequate tomorrow as artificial intelligence continued to transform the methods available to cybercriminals.

He called for stronger collaboration among cybersecurity professionals, policymakers, diplomats, judicial officers and government agencies, stressing that cyber threats transcended national and continental boundaries.

The lawmaker urged countries across Africa, Europe, Asia, the Americas and Latin America to recognise cybersecurity as a shared challenge requiring coordinated international action.

The Chair of the Council of Europe’s Cybercrime Convention Committee, Pedro Verdelho, also called for greater public awareness of the risks associated with digital technologies.

He observed that AI and other digital tools had become integral to everyday activities, including online searches, travel planning and commercial transactions, while public understanding of the associated security risks remained inadequate.

Verdelho highlighted the Budapest Convention as an important international framework for facilitating cooperation against cybercrime and improving access to electronic evidence. He welcomed the participation of countries in the region in international efforts to combat digital offences.

The Swedish Ambassador to Nigeria, Anna Westerholm, said cybersecurity was essential to building public confidence in digital transformation, warning that increased connectivity also exposed individuals, businesses and institutions to greater risks.

She said Nigeria’s digital transformation offered significant opportunities for innovation, economic growth and inclusion, adding that Sweden and Swedish companies were supporting the country’s digital development.

The conference is expected to strengthen collaboration among government institutions, private-sector organisations and international partners on practical strategies for building cyber resilience and protecting citizens, networks and national digital infrastructure in the age of artificial intelligence.

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