News
Panic as Monkeypox Hits Lagos, Others

Two suspected cases of Monkeypox have been recorded in Lagos State, according to Dr. Jide Idris, commissioner for Health in the state.
Idris, on Monday, said that “Though no confirmed case has been recorded, there is need to sensitise members of the public and provide adequate information on measures for prevention and control of the disease in line with the policy of the state government.”
Idris, said the two suspected cases were recorded in a private hospital which he did not name and added that one of the suspected cases just came from Bayelsa State and ate bush meat.
Idris said the two suspected cases had been quarantined in their various houses pending the result of the investigation.
The commissioner said in the wake of this outbreak, the government was reiterating the need for members of the public to observe and maintain a high standard of personal and environmental hygiene at all times as part of the precautionary measures to prevent the spread of the disease to the State.
He urged the public to be vigilant and report any suspected case of the disease to the nearest public health facility or the Directorate of Disease Control in the Ministry of Health.
“Also, health workers are advised to practise universal safety precautions in the management of suspected or confirmed cases, wear appropriate Personal Protective Equipment when attending to cases, wash hands after each contact with patient or contaminated materials while surveillance system must be strengthened.
“The state government has mobilised the Disease Surveillance Officers in the 57 LGAs and LCDAs in the state and health workers in both public and private health facilities have been placed on high alert,” Idris said.
Idris called on residents to remain calm and go about their businesses without fear as the government had put in place adequate measures to effectively prevent and control the spread of the infection to the state.
“In case of any suspected case of Monkey Pox, the Lagos State Ministry of Health should be notified through the following mobile lines: 08037170614, 09087106072,” the commissioner said.
Elsewhere, Monkey pox, which started with an index case in Bayelsa on September 22, has spread to six other states, including Lagos.
There are 31 cases, the National Centre for Disease Control (NCDC), said.
Dr. Chikwe Ihekweazu, national coordinator/CEO, NCDC listed the states as Bayelsa, Rivers, Ekiti, Akwa Ibom, Ogun and Cross River.
He said samples had been collected from each suspected case for laboratory confirmation.
Said Ihekweazu: “It is unlikely that many of the suspected cases are actually monkey pox, but all are being investigated.”
He said all the suspected cases were receiving medical care and the patients improving clinically in their various states.
Ihekweazu said the centre had activated an Emergency Operation Centre (EOC) to coordinate the outbreak investigation and response across the affected states.
“The EOC is currently supporting state ministries of Health in their response to the outbreak through active case finding, epidemiological investigation and contact tracing. Measures have been put in place to ensure effective sample collection and testing to enable laboratory confirmation. Risk communication activities have been heightened to advise the public on preventive measures. All 36 states and the FCT have been notified for preparedness,” he explained.
News
CAC Flags Three Companies, Warns Nigerians

Corporate Affairs Commission (CAC) has warned Nigerians against transacting with three fake Nigerian firms, citing fraudulent incorporation documents and registration numbers not issued by the commission.
According to the CAC, these companies are using fake certificates of incorporation with two different RC numbers each, none of which exist in the commission’s official records.
The affected companies are SPEF Cooperative Society Ltd with RC Numbers 1265884 and 512862, UPIL Staff Cooperative Society Ltd with RC Numbers 1265837 and 553220, and PREM Staff Cooperative Society Ltd with RC Numbers 1265844 and 545901.
The CAC warns that any Nigerian conducting business with these entities does so at their own risk.
“Anyone that transacts any business with the above-mentioned companies does so at their own risk,” the commission warned.
The commission further advised potential partners and investors to verify registration details directly through its official portal before signing contracts or making payments.
Similarly, the CAC, in a bid to enhance its services, introduced an AI-powered business registration platform on July 3, designed to streamline incorporations.
This new system offers instant name reservations, automated business-name suggestions, and same-day registration using a National Identification Number (NIN).
Additionally, the commission plans to review its service fees starting August 1, aiming to make its services more efficient and cost-effective.
News
AfDB to Introduce Systems Reforms to Prioritize Investing in Africa’s Youth

The African Development Bank, in partnership with the International Labour Organization, has launched a transformative system to mainstream youth employment, skills development, and entrepreneurship across its investments.
The approach, called the Youth, Jobs and Skills Marker System, is aligned with the Bank’s latest Ten-Year Strategy, which places Africa’s young people at the center of development efforts to maximize the impact of every dollar invested, turning demographics into a dividend.
The Marker System ensures that Bank projects spanning diverse sectors, such as agriculture, transport, energy, water, and education, systematically incorporate components that enhance youth employability, foster entrepreneurship, and build market-relevant skills.
“The Youth, Jobs and Skills Marker System is about ensuring Africa’s young people have a real say and active role in building sustainable economies and creating jobs – not as passive recipients of youth programs,” said Dr. Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development. “This transformation of Bank practices and systems is a step toward making sure our investments have a positive impact on Africa’s young women and men.”
The integrated system has three focus areas:
Youth: Supporting youth-led micro, small, and medium-sized enterprises through targeted investments and operational integration.
Skills: Expanding access to practical, market-driven training and apprenticeships to enhance career prospects.
Jobs: Ensuring Bank-funded projects create sustainable job opportunities, particularly by developing youth skills for employability and the promotion of youth-led businesses in priority value chains.
Each year, around 10 to 12 million young Africans enter the labor market, which offers only three million formal jobs annually. The Bank will prioritize youth entrepreneurship and mobilize private sector partnerships to strengthen industry-oriented skills training as well as job creation over the coming decade.
“[This initiative] is very important because it allows us to significantly contribute to the United Nations Sustainable Development Goal #8 that includes decent work for all,” said Peter van Rooij, Director of Multilateral Partnerships and Development Cooperation at the International Labour Organization. “It also allows the International Labour Organization to influence the Bank’s work, to support their lending that is more geared toward more job creation and better jobs in a sustainable way.”
The Youth, Jobs and Skills Marker System is modeled on the success of the Bank’s Gender Marker System and its online dashboard, which categorize Bank projects based on their contribution to gender equality and women’s empowerment.
Similarly, the new system will feature an online platform enabling Bank staff and consultants to access real-time data for preparing country strategy papers, mid-term reviews, annual reports, project supervision, and reporting on youth-related skills, businesses and jobs outcomes.
The Bank has just launched a pilot version of the Youth, Jobs and Skills Marker System in readiness for the full implementation in 2026. This system will enhance data tracking, improve estimates of youth skills attainment and employment, strengthen labor market information systems, and support policymakers in making evidence-based decisions that drive meaningful change.
The International Labour Organization provided technical support for the system’s development with financial support from the Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. The Youth, Jobs and Skills Marker System is the first deliberate action of its kind developed by a development finance institution worldwide.
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
- Telecom3 days ago
NCC Introduces N10m Licence Fee for Bulk SMS Service
- Telecom3 days ago
MTN Nigeria Targets $1Bn Cloud Market with Largest Modular Data Centre
- General News3 days ago
Woodhall Capital and Partners Launch ₦1.5Bn Fund
- E-Business3 days ago
Firm Highlights Top Risks of Quantum Computing
- E-Financial2 days ago
Zenith Banks Leads as 8 Banks Suffer N156Bn Impairment Charges
- Telecom3 days ago
PAT Taps Osi as CEO
- General News3 days ago
Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud
- E-Financial3 days ago
Africa Launches PAPSSCARD, First Pan-African Card Scheme