News
NAN MD Tasks Online Publishers on Professionalism

Buki Ponle, managing director of the News Agency of Nigeria (NAN), has urged the Guild of Corporate Online Publishers to ensure professionalism while discharging its duties in the society.
Ponle made the call in Abuja when a delegation from the Guild, led by Dotun Oladipo, its President, paid him a courtesy visit seeking for assistance to enrich their news content.
He urged the association to continue its crusade and social responsibility in ensuring that journalism is practiced rightly for development.
The Managing Director also urged the Guild to use its noble platform to correct the ills in the society and highlight many developmental strides of the present government in the country.
He said: “No matter what, criticisms are needed but when they are not healthy criticisms or not in line with development, they will bring reaction.”
The NAN boss expressed delight to identify with the Guild, adding that social media had been put in a tight corner because of the noble role it assumed in the society.
Ponle said: “In recent times, we have witnessed news disinformation, misinformation and total lies just to serve a purpose, but it does not help us.
“It is high time we all looked forward to helping our country to get it out of this.”
The Guild had sought for partnership and to reach an agreement with NAN for the services being rendered to the huge platform of NAN to be given at a cheaper rate.
He said NAN, as a Federal Government agency, had been battling over the years to get out of its financial mess, adding that government resources were dwindling, especially with the challenges posed by the COVID-19 pandemic.
Ponle, however, assured the Guild that NAN would review its operations, but appealed for it to take what it could offer presently.
He said: “We have in the past months reviewed our operations and added value; the ratings are there.
“I will urge you just to bear with us now.
“It is painful for us to review upwards.
“But how do we survive?
“We can only survive if we add just a little for us to do what you are expecting us to do.
“If NAN were to be a private organisation, it would either go down or increase its price to be at par with the market situation.
“To do it the previous way does not pay us.
“We have considered so many issues and put so many things into criticism before we came up with the slight increase we have added.”
Earlier, Oladipo said the Guild had come to seek NAN’s assistance in offering service to them at a cheaper rate due to the economic downturn, which affected every sector.
He said the economic downturn hit the Guild so hard that it decided to go into partnership with the NAN because it appreciated the role of NAN in intervention in terms of stories and wide coverage.
He added: “But for the online platform, it has not worked that way; we discovered that for both government and private businesses the level of patronage has drastically dropped due to bad economy, which has led to downsizing in most places.
“Our records will testify that since we started, we have always fulfilled our part in terms of payment in spite of the level of hardship and COVID-19 pandemic challenges.”
Oladipo described the Guild as a body of eminently qualified journalists, adding that for one to qualify for its membership, the benchmark was that the journalist must have practiced for more than 10 years in a reputable organisation.
According to him, the journalist must have risen to not less than the position of the level of an Assistant Editor to qualify to be a member to sustain professionalism.
He said: “Because we have seen a lot of disinformation and falsehood online and the question has always been how to help the country to overcome this challenge.
“We have seen in the last couple of years how the social media has developed and being put to negative use by many Nigerians
“How do we step in when there is authentic information to dwell on and we also believe that with the number of years that those who are members of this association have put into journalism, they have a name and people who keep following them wherever they go.”
News
Yahoo Mail Halts Free Storage Service, Caps at 20GB

Yahoo Mail has announced a major shift in its storage policy, slashing the free email storage cap to 20GB and rolling out a new subscription model starting at $1.99 per month for 100GB.
The change, which takes effect immediately, marks a significant downgrade for many long-time users who have grown accustomed to Yahoo’s previously generous storage offering.
In a notice sent to users on Tuesday, the company urged account holders to review their current storage usage and consider paid upgrade options to avoid disruptions.
“Once you reach the 20GB limit, you will no longer be able to send or receive emails unless you either delete existing messages or upgrade your account,” the notice warned.
While access to inboxes will remain intact for now, users will be forced to clean up their accounts or move to a paid tier to maintain full functionality.
Yahoo has unveiled two new storage plans which are 100GB for $1.99/month and 1TB for $9.99/month.
For those seeking a more premium experience, Yahoo is also offering Yahoo Mail Plus, which includes 200GB of storage, an ad-free interface, and additional features. However, users opting for the 100GB and 1TB tiers will still be served ads, a move likely to frustrate those paying for expanded capacity.
To ease the transition, Yahoo is rolling out new tools to help users manage their inboxes more efficiently. These include real-time storage tracking, a usage dashboard, sorting options for large emails, and an attachment manager to help clear out space-consuming files.
Despite the enhancements, the abrupt downgrade has sparked concerns among users, particularly those with email archives spanning more than a decade. Critics argue the change could pressure many into paying for what was previously free, without a proportionate upgrade in value, especially considering ads remain in place for all but the premium Plus tier.
Yahoo’s new model brings it closer to competitors like Gmail, which offers 15GB of free storage shared across Gmail, Google Drive, and Google Photos. Google’s paid plans also begin at $1.99/month for 100GB, but offer additional benefits such as photo backups and expanded cloud services. Gmail also provides a cleaner experience, with minimal ads even on its free plan.
Yahoo Mail’s new 20GB limit applies exclusively to email storage, a slight advantage for users who don’t rely heavily on broader cloud services. But the real test will be how users respond to the newly imposed constraints and whether the value proposition is strong enough to convert them into paying subscribers.
News
CAC to Delist 100,000 Dormant Firms After 90-Day Compliance Window

Corporate Affairs Commission (CAC) in Nigeria has announced a significant move to strike off approximately 100,000 dormant companies from its register due to their failure to file annual returns for over a decade.
This initiative, aimed at cleaning up the nation’s business registry, was confirmed in a statement released by the CAC on Tuesday, 29 July 2025. The commission has granted these companies a 90-day grace period to submit all outstanding annual returns or face permanent removal from the database.
The CAC’s action is grounded in Section 692 (3) (4) of the Companies and Allied Matters Act (CAMA) No. 3 of 2020, which empowers the commission to delist defunct or inactive companies.
The statement, published on the CAC’s official website, urges affected companies to file their overdue returns and notify the commission via email at activation@cac.gov.ng to avoid being struck off.
The commission has also made it clear that it is illegal to conduct business under the name of a delisted company, as such entities are considered dissolved.
Registrar General Garba Abubakar previously noted that nearly 90% of registered companies in Nigeria are dormant, highlighting the scale of non-compliance. This crackdown is part of a broader effort to enhance transparency and ensure a robust business environment in Nigeria.
The CAC has advised stakeholders to verify the status of companies before engaging in transactions, warning that dealing with a dissolved company could lead to legal repercussions. Only a Federal High Court order can reinstate a delisted company, underscoring the gravity of the process.
The list of affected companies, numbering around 100,000, has been published on the CAC’s website, allowing businesses to check their status. Companies that have already filed complete annual returns but find themselves listed have been instructed to provide evidence of compliance by emailing compliance@cac.gov.ng within the 90-day window.
This initiative follows earlier warnings from the CAC, including a December 2024 announcement to delist 91,843 companies and a subsequent removal of 80,429 companies in November 2024, which included notable names like Innoson “Vinod” International Limited and Jolly Food Industries Ltd.
The 90-day grace period, starting from 29 July 2025, offers a final opportunity for these companies to regularise their status.
The CAC’s decisive action signals a commitment to fostering accountability and compliance within Nigeria’s corporate landscape, raising important questions about the operational challenges facing thousands of registered businesses.
As the deadline approaches, the commission’s efforts are expected to reshape the country’s business ecosystem, ensuring only active and compliant entities remain on the register.
News
InfraCredit, AMDA Sign Partnership to Unlock Local Financing for Africa’s Mini-grid Sector

InfraCredit, a specialised infrastructure credit guarantee institution, has entered into a strategic partnership with the Africa Minigrid Developers Association (AMDA) to boost access to long-term local currency financing for mini-grid and distributed renewable energy (DRE) projects across Africa.
The agreement aims to strengthen market development and address long-standing financing barriers in the mini-grid sector, especially in Nigeria and other underserved African markets.
The collaboration is aligned with InfraCredit’s Clean Energy Funding Programme (CEFP), which offers credit enhancement, due diligence support, and technical assistance to renewable energy developers.
“With an estimated 86 million Nigerians, alongside hundreds of millions across Africa—still living without electricity, bridging this energy access gap demands a pipeline of investment-ready, well-prepared projects that can unlock scalable capital and accelerate financial close,” said Chinua Azubike, CEO of InfraCredit.
“This partnership creates a practical pathway to scale the impact of our Clean Energy Funding Programme by equipping more developers to structure commercially viable mini-grid and DRE projects that qualify for long-term local currency finance,” Azubike added.
Through the agreement, both InfraCredit and AMDA will work together to facilitate technical assistance, share toolkits, and deploy credit modelling frameworks, including InfraCredit’s Distributed Renewable Energy Lending Toolkit (DRELT) and DRE Credit Rating Model. These tools aim to enhance the bankability of projects and improve developers’ ability to secure patient capital in local currency.
AMDA, which represents mini-grid developers operating in over 20 African countries, brings deep sector expertise and a strong network of DRE operators to the partnership.
According to Lamide Niyi-Afuye, CEO of AMDA, the collaboration addresses one of the most persistent challenges in the sector.
“We are pleased to collaborate with InfraCredit to address one of the most persistent barriers in the minigrid sector, access to affordable, long-term local currency finance,” said Niyi-Afuye.
“By aligning AMDA’s advocacy and technical support efforts with InfraCredit’s proven models and tools, we aim to accelerate the deployment of resilient, decentralised energy solutions that deliver tangible socioeconomic benefits in Africa. We view this partnership as a blueprint that will be used beyond borders, paving the way for broader regional impact,” he added.
The partnership will also support the development of transaction-ready pipelines, capacity-building initiatives, and investor-developer forums aimed at improving market transparency and accelerating the roll-out of commercially viable mini-grids.
By facilitating access to domestic blended finance and strengthening project preparation, the partnership hopes to unlock greater private sector participation, mobilise local capital, and expand clean energy access across unserved and underserved communities in Africa.
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