ABUJA AMEBO'S BLOG
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Thursday, 19 February 2026
yesterday at Lagos House, Marina, I inaugurated the Board of the Lagos State Sports Trust Fund.
I have asked this team to stay focused on one clear goal, which is to grow sports in Lagos from the grassroots up. This means investing in school sports, supporting community competitions, and improving the facilities we already have across our divisions.
Lagos has never had a shortage of potential, but we all know that even the best athletes can only go so far without the right infrastructure or funding. The talent is here and it is our responsibility to give it the support it deserves.
The Board is chaired by Enitan Oshodi, with Olaposi Agunbiade serving as Executive Secretary and CEO. They are joined by Olabode Agoro, Adeniyi Adedokun Adekoya, Gbolahan Onibuje, Jubril Gawat, Kikelomo Bolarinwa, Olayemi Sarumi, Lekan Fatodu, Moshood Ajide, Engr. Ibrahim Adigun, Chairman of the LGAs and LCDAs chairmen and the Chairman of the Lagos State Sports Commission.
I have charged them to use their professional experience to attract private sector support. Together, we will build the strong institutions needed to sustain sports development in Lagos for years to come.
Nigerian Breweries Plc posted a strong turnaround for the financial year ended December 31, 2025, with revenue rising 35 per cent to N1.467 trillion from N1.084 trillion in 2024, despite persistent inflation and weak consumer spending. Net profit surged 168 per cent, supported by an 83 per cent reduction in net finance costs, while operating profit climbed 194 per cent, driven by improved productivity, cost discipline and supply chain efficiencies. Fourth quarter gross profit rose 77 per cent to N565 billion, even as cost of sales increased to N902 billion and marketing, distribution and administration expenses grew 43 per cent to N364 billion. Management attributed the performance to innovation, premiumisation strategies, effective pricing and the impact of its 2024 recovery plan, which helped expand margins in a challenging macroeconomic environment. Source: Independent
Nigerian Breweries Plc posted a strong turnaround for the financial year ended December 31, 2025, with revenue rising 35 per cent to N1.467 trillion from N1.084 trillion in 2024, despite persistent inflation and weak consumer spending.
Net profit surged 168 per cent, supported by an 83 per cent reduction in net finance costs, while operating profit climbed 194 per cent, driven by improved productivity, cost discipline and supply chain efficiencies.
Fourth quarter gross profit rose 77 per cent to N565 billion, even as cost of sales increased to N902 billion and marketing, distribution and administration expenses grew 43 per cent to N364 billion.
Management attributed the performance to innovation, premiumisation strategies, effective pricing and the impact of its 2024 recovery plan, which helped expand margins in a challenging macroeconomic environment.
Source: Independent
Nigerian industrialist Abdul Samad Rabiu has commissioned a 60-meter superyacht from Italian shipbuilder Baglietto. This luxury yacht project places Rabiu among a select group of Nigerian and African elites who own large, custom-made vessels. Baglietto is renowned for crafting high-end yachts in the 40-60 meter range and is a top choice for wealthy clients seeking prestige. Rabiu, through his BUA Group conglomerate, is one of Nigeria’s wealthiest businessmen with major interests in cement and manufacturing.
Nigerian industrialist Abdul Samad Rabiu has commissioned a 60-meter superyacht from Italian shipbuilder Baglietto.
This luxury yacht project places Rabiu among a select group of Nigerian and African elites who own large, custom-made vessels.
Baglietto is renowned for crafting high-end yachts in the 40-60 meter range and is a top choice for wealthy clients seeking prestige.
Rabiu, through his BUA Group conglomerate, is one of Nigeria’s wealthiest businessmen with major interests in cement and manufacturing.
Hosting international delegates at the G-24 Technical Meeting in Abuja today has been more than just a formal gathering, it’s a powerful sign of what’s possible.
As we sit at the center of discussions on development finance and economic growth, there is a palpable sense of Renewed Hope. We aren't just navigating tighter global conditions; we are rewriting the narrative for emerging markets.
By unlocking capital for infrastructure and creating sustainable jobs, we are building a more resilient and inclusive future where Nigeria doesn't just participate in the global economy—we help lead it.
The Highlights:
• The Venue: Today’s sessions kicked off at the Transcorp Hilton, Abuja.
• The Vision: Honourable Minister Wale Edun set an inspiring tone, focusing on debt sustainability and transformative investment.
• The Goal: Shaping a global financial system that works for everyone, from the city centers to the last mile.
#G24Abuja #RenewedHope #EconomicTransformation #GlobalSouth #NigeriaForward
Nigeria has requested support from Germany for used helicopters to aid in intelligence reconnaissance within the Sahel. If approved, the aircraft expected under the request would be the Airbus H145M, a specialized reconnaissance and support helicopter operated by the Bundeswehr. Germany has indicated the possibility of providing international assistance through the transfer of used assets from its existing inventory.
Nigeria has requested support from Germany for used helicopters to aid in intelligence reconnaissance within the Sahel.
If approved, the aircraft expected under the request would be the Airbus H145M, a specialized reconnaissance and support helicopter operated by the Bundeswehr. Germany has indicated the possibility of providing international assistance through the transfer of used assets from its existing inventory.
Nigeria’s debt to the International Development Association has climbed to $18.7bn, rising by $1.9bn in one year.
The country is now the third-largest borrower in the World Bank’s concessional portfolio.
While the loans offer favourable terms, analysts warn that their accumulation adds to external debt risks.
Experts say future sustainability will depend largely on Nigeria’s revenue strength and disciplined borrowing.
BREAKING: Nigerian Army troops have crushed fleeing bandits in Mariga and Magama LGAs of Niger State, neutralising several fighters and rescuing multiple captives, including women and children. The criminals, who reportedly relocated from the Ibbi–Zugurma axis of Kainji National Park, were intercepted in coordinated assaults by forward operating bases.
BREAKING: Nigerian Army troops have crushed fleeing bandits in Mariga and Magama LGAs of Niger State, neutralising several fighters and rescuing multiple captives, including women and children.
The criminals, who reportedly relocated from the Ibbi–Zugurma axis of Kainji National Park, were intercepted in coordinated assaults by forward operating bases.
🚨 One community member also said that "Tesla now at this point faces growing competition from legacy automakers, leading to reduced market share and shrinking margins. Plus, these existing auto companies have learned a lot from what Tesla has done."
🚨 One community member also said that "Tesla now at this point faces growing competition from legacy automakers, leading to reduced market share and shrinking margins. Plus, these existing auto companies have learned a lot from what Tesla has done."
FAAN, MTN Nigeria Launch Free Airport WiFi Service in Public-Private Partnership
The Federal Airports Authority of Nigeria (FAAN), in partnership with @MTNNG , has launched free WiFi services at the Murtala Muhammed International Airport (MMIA) Terminal 2, Lagos, and the Nnamdi Azikiwe International Airport, Abuja.
The official launch of the internet service took place at MMIA Terminal 2, Lagos, and was launched by the Managing Director/Chief Executive, FAAN, Mrs Olubunmi Kuku, who was represented by the Director of Airport Operations, Captain Abdullahi Mahmood. Also present was Lynda Saint-Nwafor, Chief Enterprise Business Officer of MTN Nigeria, who represented the Chief Executive Officer, Mr Karl Toriola.
The WiFi service, which is completely free for passengers and airport users, will be extended to the MMIA temporary terminal and other international airports across the country within the next three months.
In his address, Captain Mahmood described the launch as a milestone for FAAN and a benchmark for digital infrastructure and passenger experience at Nigerian airports.
He noted that the partnership with MTN Nigeria demonstrates how effective Public-Private Partnership (PPP) alignment can modernize infrastructure and strengthen Nigeria’s digital economy.
The Director of Airport Operations added that the initiative aligns with the Renewed Hope Agenda of Bola Ahmed Tinubu and the transformation drive of the Minister of Aviation and Aerospace Development, Festus Keyamo.
In her remarks, Saint-Nwafor assured that the service would be reliable, secure, and efficient for all users. She commended the FAAN management team for its collaboration and foresight in ensuring the successful completion of the project.
Henry Agbebire
Director, Public Affairs and Consumer Protection
Nigeria is at a defining moment and this is the time to pray. “Come, Let Us Pray for Nigeria” is a prophetic prayer movement focused on: • Praying for peace in the nation • Praying for our leaders • Praying for prosperity, revival, and God’s purpose for Nigeria • Enforcing God’s end-time agenda for Nigeria to take the Gospel to the nations If God has placed a burden for Nigeria on your heart, this is your moment. 📅 Date: February 22nd, 2026 📍 Location: Nicon Luxury Hotel, Area 11, Garki Abuja 🔥 Theme: Come, Let Us Pray For Nigeria Follow us on Instagram: @dominionnetworksinternational Facebook: Dominion Networks International Come and lift your voice. Come and stand in the gap. Come and pray for Nigeria. #prayfornigeria #prayerfornigeria #prayerforpeace #nigeriawillbegreatagain #nigeria
Nigeria is at a defining moment and this is the time to pray.
“Come, Let Us Pray for Nigeria” is a prophetic prayer movement focused on:
• Praying for peace in the nation
• Praying for our leaders
• Praying for prosperity, revival, and God’s purpose for Nigeria
• Enforcing God’s end-time agenda for Nigeria to take the Gospel to the nations
If God has placed a burden for Nigeria on your heart, this is your moment.
📅 Date: February 22nd, 2026
📍 Location: Nicon Luxury Hotel, Area 11, Garki Abuja
🔥 Theme: Come, Let Us Pray For Nigeria
Follow us on Instagram: @dominionnetworksinternational
Facebook: Dominion Networks International
Come and lift your voice.
Come and stand in the gap.
Come and pray for Nigeria.
#prayfornigeria #prayerfornigeria #prayerforpeace #nigeriawillbegreatagain #nigeria
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yesterday at Lagos House, Marina, I inaugurated the Board of the Lagos State Sports Trust Fund.
I have asked this team to stay focused on one clear goal, which is to grow sports in Lagos from the grassroots up. This means investing i...
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Wizkid is living their dreams: 😂 Wizkid is the first Afrobeats artist to; —Win a Grammy award —Win Apple Music award —Win Amazon music a...
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