Headlines
Nigeria, India set up business council to expand trade, investment

Nigeria and India on Monday in Abuja established the Nigeria-India Business Council (NIBC) to expand trade and investment between both countries.
The council is aimed at furthering efforts at reaching an anticipated 40 billion dollars worth of trade between both countries.
The NIBC was inaugurated by Vice President Yemi Osinbajo on Monday in Abuja.
Speaking at the inauguration, Mr V. Sharma, President of NIBC said, “India is already doing great business with this country and will continue to import crude and gas from the country.
“With 14 to 15 billion dollars of trade today, the potential is to reach about 40 billion dollars.
“So please see, the gap is about 25 to 26 billion dollars. It is a big opportunity,” Sharma said.
Vice President Yemi Osinbajo who inaugurated the council said both countries would explore new areas of doing business and cooperation to further strengthen bilateral ties between both countries.
Osinbajo, who was represented by Mr Olamilekan Adegbite, Minister of Mines and Steel Development also emphasised the need for the partnership to focus on areas of entrepreneurship that will help reduce the level of unemployment in the country.
“NIBC will be a vehicle to further strengthen and consolidate our existing bond of friendship and also serve as a platform to coordinate and facilitate business actions between the business community of both countries.
“Let me identify two areas in which I will want to see even further cooperation between our two countries, this relates to entrepreneurship and vocational training.
“India has already been able to use entrepreneurship to bring its unemployment levels down to around 7 per cent while that of Nigeria is still high at about 35 per cent.
“Similarly, through entrepreneurship, India has been able to boost its export of goods and services to about 546 billion dollars while Nigeria is only at 70 billion dollars.
“I feel that there is also a need to put emphasis on skills acquisition and capacity building which will place large numbers of young people in the workplace.
‘As well as boost the nation’s capacity, innovation and capacity as well as contribute to the economy,” Osinbajo said.
The vice president also encouraged Indian investors to establish in Nigeria the kind of businesses and services that Nigerians usually travelled to India in search of.
He explained that the businesses when established in Nigeria would thrive where the demand is high and especially where they would be of mutual benefit to both India and Nigeria.
Osinbajo pledged the federal government’s commitment to creating an environment conducive for Indian businesses to thrive.
“I also urge India investors to consider providing here in Nigeria some of the medical and educational services for which Nigerians travel to India.
“Given the scale of the demand, it is easy to say that there is a business sphere for such an investment.
“On its part, the federal government will render the necessary support to all inward investment, continue its efforts to improve the business environment and provide necessary incentives.
“Some of the incentives include pioneer starters, rural location incentives, export expansion scheme, gas utilisation as well as investment allowances,” the VP added.
India’s Minister of State of External Affairs, Shri V. Muraleedharan said Nigeria had always been a favourite investment destination for Indian businesses with about 135 Indian companies operating in Nigeria with investments worth 20 billion dollars.
Muraleedharan added that Nigeria had been India’s largest trading and energy partner in Africa.
“Bilateral trade between both countries in the year 2021-22 had risen substantially over the previous year to touch 14.95 billion dollars.
“The large and growing population of Nigeria, its talented youth, the abundance of natural resources, a democratic and business-friendly Government and very strong cultural bonds between our peoples have all fuelled the rising economic engagement between both countries.
“But there is still great potential to enhance our economic cooperation and, with the pandemic behind us, both countries must look to vigorously make up for opportunities lost during the last two years.
“India has always been a very reliable partner for its friends in Africa and is committed to the socio-economic development of Africa in accordance with its own development priorities.
“Your priorities are our guiding principles for economic cooperation and our assistance in this area has always been kept in the best interest of your country.
“Today, the multi-sectoral, high-level business delegation from India present here is ready to collaborate in different sectors,” Muraleedharan said.
Headlines
Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.
The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.
One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”
Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.
Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.
A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”
Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.
The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.
The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.
Headlines
NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
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