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Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, will headline a high-level fireside dialogue at the 7th Africa Emerging Markets Forum in Abuja.

Scheduled for July 29–30, 2026, at the CBN Headquarters, the prestigious gathering will bring together global central bankers, finance ministers, and leading economists to tackle practical policy responses to growing global economic uncertainties.

The event which will be hosted by the CBN in collaboration with the EMF  and the Centre for the Study of the Economies of Africa (CSEA), the 7th Africa Emerging Markets Forum will convene senior policymakers, central bankers, ministers, development partners, private-sector leaders and leading economists from Africa and around the world to examine practical policy responses to an increasingly uncertain global economic environment.

Held under the theme “Building Resilience Amidst Geoeconomic Uncertainties,” the 7th Africa Emerging Markets Forum will be headlined by the Cardoso–Okonjo-Iweala fireside dialogue, which will explore how African economies can build resilience, sustain reform momentum, deepen regional integration and unlock long-term growth amid an increasingly fragmented global economy.

The 7th Africa Emerging Markets Forum will also feature ministerial keynote addresses by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, and the Minister of Science, Technology and Innovation, Dr Kingsley Udeh, underscoring the importance of coordinated fiscal, monetary and innovation policies in advancing Africa’s economic transformation and long-term resilience.

Other distinguished participants include Indermit Gill, Chief Economist and Senior Vice President for Development Economics at the World Bank Group; Harinder Kohli, Founding Director and Chief Executive of the Emerging Markets Forum; Professor Adamu Ahmed, Vice-Chancellor of Ahmadu Bello University; alongside senior policymakers, academics, development partners and business leaders from across Africa and beyond.

Over two days, participants will examine a wide range of issues critical to the future of emerging markets, including macroeconomic stability, regional economic integration, cross-border payments, financial technology, infrastructure, foreign direct investment, technology transfer, artificial intelligence, and the interconnected challenges of food price volatility, inflation and monetary policy transmission in fragile and post-crisis economies.

According to the organisers, the 7th Africa Emerging Markets Forum aims to foster open dialogue on issues of strategic importance to emerging markets and developing economies while identifying practical policy solutions that can be adapted to the unique circumstances of individual countries.

The Forum underscores the shared commitment of the Central Bank of Nigeria and its partners to strengthening regional cooperation, advancing evidence-based policymaking and promoting innovative solutions that enhance Africa’s resilience and support sustainable, inclusive economic growth.

The post Cardoso, Okonjo-Iweala to Headline 7th Africa Emerging Markets Forum appeared first on Business Today NG.

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NDLEA arrests India-bound Businessman with cocaine, recovers N3.6b Colos, codeine in Lagos

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BY NKECHI BAECHE-ESEZOBOR—A 48-year-old businessman Nwankwo Innocent Onyebuchi who liquidated all his assets to chase a dream of quick riches in the illicit drug trade has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA) Ikeja Lagos, while heading to New Delhi, India, with 1.550 kilograms of cocaine cleverly concealed within the side walls and railings of his bag.

Nwankwo who deals in marbles in Lagos was arrested at the departure hall of terminal II of the Lagos airport while attempting to board a Qatar Airways flight to New Delhi, India. A search of his check-in bag uncovered 1.550 kilograms of cocaine factory-fitted in the walls and railings of his bag.
In a candid confession that lays bare the desperation that fuels the drug trade, Nwankwo said he had sold off his marble business and every asset he owned to raise the ₦23 million he paid for the consignment, with the expectation of selling it in India for as much as N100 million. With his assets gone, and Nwankwo’s dream of transiting from a marble trader to a drug kingpin effectively shattered following his arrest, the suspect remains in custody awaiting prosecution and likely time in jail.
In another operation, NDLEA operatives acting on credible intelligence raided a warehouse within a residential compound at 20 Hakeem Dosumu street Ago Palace area of Okota, Lagos, where a massive stockpile of codeine-based syrup was discovered. A total of 3,776 cartons, comprising 377,600 bottles of the controlled substance, valued at over N2.6 billion, were recovered between Friday 7th and Saturday 8th August 2026.
In yet another intelligence-led operation, NDLEA operatives on Wednesday 14th August raided the residence of a 55-year-old kingpin Shoremi Kayode, at 37 Ogundare street, Ipaja estate, Ipaja area of Lagos, recovering 324 kilograms of Colorado, a synthetic strain of cannabis, with a street value of Nine Hundred and Seventy-Two Million Naira (N972,000,000). Also recovered from the suspect were a Mercedes-Benz car and a Toyota Corolla car.
In Kwara, two suspects: Abubakar Adamu, 50, and Bilyaminu Nuhu, 30, were on Thursday 13th August arrested at Kam Wire area of Ilorin with 55.96kg skunk in a truck marked DKA 350 XL recovered, while two other suspects: 70-year-old grandpa Abdulfatai Oyelaran and Abdulrauf Ajadi, 50, were nabbed by NDLEA officers on patrol along the Lagos-Ibadan expressway, Ibadan, Oyo state on Wednesday 12th August. Recovered from their Toyota Sienna vehicle marked FFA-115KA, include: 52,000 ampoules of pentazocine injection and 6,000 ampoules of tramadol injection.
A total of 124,100 pills of tramadol; 786 bottles of codeine syrup; 2,598 tablets of rohypnol;
4,800 tablets of diazepam; 470 ampoules of pentazocine injection and 200 ampoules of tramadol injection were recovered from two suspects: Osaro Ikpoba, 43, and Samuel Godbless, 18, along Onitsha/Asaba expressway on Thursday 13th August, while another suspect, Emeka Tony, 50, was nabbed with 1,244 pieces of cartridges and monetary exhibit of eight million naira (N8,000,000) only along Kwale/Ozoro expressway on Wednesday 12th August.
A Toyota Corolla car with registration number MKD 341 EA was intercepted by NDLEA operatives along Riyom/Jos road, Jos Plateau state where 239,490 caps of tramaforce, a brand of tramadol were recovered and a suspect Kasum Sherif arrested.
In Kano, six suspects were arrested on Monday 10th August by NDLEA operatives on patrol along Zaria-Kano road. They include: Okodili Ibeabuchi, 60; Onyeka Vincent, 47; Nwanko Wisdom, 36; Success Chigozie, 30; Emmanuel Jude, 27; and Chinedu Peter, 39. Large consignments of opioids were recovered from them include 728,958 pills of tramadol, rohypnol, and others as well as 360 grams of cocaine, 99.8 grams of methamphetamine, 50 bottles of codeine syrup and and 2.7 kilograms of Loud, a synthetic strain of cannabis.
Also in Kano, NDLEA operatives on Friday 14th August raided the Zawaciki Gida Dubu, Kumbotso LGA, where they recovered 171 blocks of skunk weighing 106.8kg and arrested two suspects: Mustapha Iliya, 30, and Abdulwahab Abdulrashid, 24 in connection with the seizure.
A total of 4,628.9775kg skunk was destroyed on two cannabis farms that measured 1.851591 hectares at Ugboku/Igbanke forest, Orhionmwon LGA, Edo state where a suspect Agholor Elebojie, 40, was arrested in one of the farms during a raid by NDLEA operatives on Wednesday 12th August. Another suspect, Kingsley Anigala, 28, was nabbed with 25.857kg Loud and 93 grams of meth during a raid of drug joints at Oluku area of Benin city on Friday 14th August.
The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands equally continued across the country in the past week. Some of them include: WADA sensitization lecture delivered to students and staff of Madarasatu Sheikh Muhammad Rabi’u Arabic School, Kano and Olomu Junior Secondary School, Ajah, Lagos state, among others.
While commending the officers, men and women of MMIA, Lagos, Kano, Kwara, Edo, Plateau, Oyo and Delta Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

The post NDLEA arrests India-bound Businessman with cocaine, recovers N3.6b Colos, codeine in Lagos appeared first on Business Today NG.

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Eno leads pre-delivery inspection of Ibom Air’s third Airbus A220-300 aircraft in Canada

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The Governor of Akwa Ibom State, Umo Eno, has led a delegation of State Executives and members of the Ibom Air’s management team to a pre-delivery inspection of the airline’s third Airbus A220-300 aircraft at the Airbus production facility in Mirabel, Canada, ahead of its formal delivery and reception in Akwa Ibom.

This is contained in a press statement issued by Aniekan Essienette, the group manager, marketing and communication, Ibom Airlines Limited, on Friday in Uyo, Akwa Ibom State.

According to the statement, the inspection marks another significant milestone in Ibom Air’s fleet modernisation and growth strategy and is part of the acceptance process before the aircraft enters commercial service.

The aircraft is Ibom Air’s third Airbus A220-300 and the second A220 to be received under the airline’s firm order for 10 Airbus A220 aircraft placed in 2021. Its addition marks a further step in Ibom Air’s commitment to expanding capacity, strengthening connectivity, and operating one of Africa’s most modern fleets.

The delegation was received by Guillaume Chevasson, head of the A220 Programme and chief executive officer of Airbus Canada, during the inspection, which formed part of the formal acceptance process ahead of the aircraft’s delivery.

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Speaking on the significance of the event, the Chief Executive Officer of Ibom Air, George Uriesi, said, “This pre-delivery inspection represents an important milestone in our fleet expansion programme and brings us one step closer to welcoming this aircraft to Nigeria.

“As demand for air travel continues to grow across our markets, we remain focused on investing in modern aircraft that deliver superior operational efficiency, reliability, safety, and passenger comfort.

“The Airbus A220 continues to be the ideal aircraft for our network strategy, and we look forward to deploying this latest addition into our network in furtherance of our growth objectives.”

Eno speaks of govt’s commitment to Ibom Air’s growth

Commenting on the development, Governor Eno, said, “The inspection of this aircraft reflects the state government’s commitment to the continued growth of Ibom Air as a strategic asset for Akwa Ibom State. This investment aligns with the ARISE Agenda and our vision of establishing Akwa Ibom as a leading aviation hub, supported by world-class infrastructure and a modern airline.

“We look forward to formally receiving this aircraft in Akwa Ibom State and to the economic opportunities that enhanced connectivity will create for trade, tourism, investment, and regional development.”

Speaking on the partnership with Ibom Air, Mr Chevasson said they were honoured by Ibom Air’s trust in Airbus and the A220 family.

“The A220 is the ideal aircraft for the airline’s fleet modernisation, thanks to its exceptional operational flexibility, fuel efficiency, passenger comfort, and performance across domestic and regional networks, and we look forward to supporting Ibom Air’s continued growth for many years to come,” he said.

The aircraft also incorporates features that further support Ibom Air’s commitment to continuous improvement in operational capability, efficiency, and customer experience.

Upon completion of the delivery processes, the aircraft will be ferried to Nigeria, where it will be officially received into the Ibom Air fleet in Akwa Ibom before commencing commercial operations.


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