Heads up Snoopy fans! Starbucks and Peanuts release limited collection inspired by ‘The Great Pumpkin’

On September 15, Starbucks coffeehouses around the world will launch the limited-edition merchandise collection inspired by Peanuts’ iconic Halloween special ‘It’s the Great Pumpkin, Charlie Brown’, bringing together the warmth, nostalgia and traditions that have made both brands a part of autumn for decades.

The collaboration, which includes drinkware and accessories, coincides with the 60th anniversary of the classic special and will be available for a limited time while supplies last.

‘The return of Pumpkin Spice Latte and ‘It’s the Great Pumpkin, Charlie Brown’ are both enduring signs that fall has arrived,’ said Dana Pellicano, senior vice president, Global Product Experience at Starbucks.

‘This collaboration brings those traditions together in a collection designed to celebrate the joy of the season, and we’re excited to share it with our customers. The Snoopy glass cold cup is a special addition to the collection, one that is sure to become a cherished keepsake for Starbucks and Peanuts fans alike.’

Meet the collection

The limited-edition Peanuts + Starbucks® collection includes 10 collectible items, including drinkware, accessories and a plush. Each piece blends iconic Peanuts characters with Starbucks fall traditions, creating keepsakes designed to be collected, gifted and enjoyed.

The Snoopy Glass Cold Cup features a charming Woodstock straw topper, pumpkin-colored hat and a seasonal green scarf (P2,095). There is a one-item per customer purchase limit for the Snoopy Glass Cold Cup and is available for purchase starting September 22.

The Stainless Steel Cold Cup showcases Lucy and Snoopy sharing a coffee moment, capturing the warmth of connection (P2,095).

The Great Pumpkin Tumbler features whimsical Snoopy and Woodstock artwork inspired by the beloved seasonal classic (P2,075).

The 24-ounce Cold Cup features Snoopy, The Great Pumpkin and playful fall imagery that celebrates the spirit of pumpkin season (P1,375).

The 14-ounce Ceramic Mug showcases the Peanuts gang and reveals a surprise Snoopy with every sip, adding a touch of delight to cozy moments (P1,245).

The 16-ounce Stainless Steel Tumbler is adorned with a Woodstock charm and dancing Snoopy, bringing character to your daily routine (P1,345).

The collection also includes a Snoopy Plush (P1,595), Bag Charm (P745), Mini Tote (P845) and Enamel Pin Set (P395), perfect for gifting, collecting and celebrating the season.

Already eyeing your next favorite drinkware or lifestyle piece? The Peanuts + Starbucks collection arrives September 15 in all stores nationwide, available while supplies last.

Starbucks Rewards members are encouraged to purchase on launch day to earn an additional five bonus Stars. Don’t miss out on this exciting collection and earn more Stars! The new Starbucks PH APP is available for download on the App Store and Google Play.

The Lind Hotels set to usher next chapter in Coron, Palawan

The Lind Hotels is set to open The Lind Coron in 2027, marking the homegrown Filipino hospitality brand’s expansion into Palawan and a return to the destination where its story first began.

More than a decade ago, Coron was the company’s first property acquisition and the place where the idea for The Lind Hotels began to take shape. The company later chose Boracay, then a more established tourism destination, to introduce the brand before returning to its original plans for Coron.

The decision gave The Lind Hotels a strong foundation for growth. Over the past decade, The Lind Boracay has become an internationally recognized hotel, earning several accolades and becoming the first hotel in Boracay to be included in the Michelin Guide.

The opening of The Lind Coron now brings the brand back to where its journey started.

‘We have always believed in pioneering rather than following,’ said Pierre Henrichs, chief operating officer of The Lind Hotels.

‘Coron offers a rare combination of natural beauty and untapped potential. Our goal is not only to be part of its growth, but to help shape its future by bringing a new standard of hospitality to the destination.’

Surrounded by limestone formations, clear turquoise waters, hidden lagoons and rich marine life, The Lind Coron will give guests the freedom to experience the destination at their own pace, whether exploring the islands or spending a quiet day at the resort.

The resort will feature 91 rooms and villas designed for privacy, comfort and time together. Private villas will have their own dipping pools for slow afternoons, along with a dedicated Villa Host providing thoughtful, personalized service throughout the stay.

The Lind Coron will also be a culinary destination, with Yím, its signature modern Thai restaurant, and Crust, set at the heart of the Main House by the infinity pool.

With sweeping sea views and a mix of indoor and outdoor seating, Crust will be a natural gathering place throughout the day, serving Mediterranean flavors alongside a selection of locally crafted beverages.

For time away from the day’s adventures, The Lind Coron brings the Philippines’ premier name in relaxation to Palawan with the opening of The Spa Wellness Coron.

As the country’s first spa brand to earn Superbrand status, it offers guests a serene retreat to recharge through award-winning holistic care in one of the nation’s most breathtaking destinations.

The resort will also have its own dive center, operated by one of the Philippines’ diving pioneers, with experience working with some of the country’s leading hospitality brands.

Guests can spend their days island-hopping, discovering hidden lagoons or diving among vibrant reefs. World War II shipwrecks just in front of the property bring one of Coron’s most distinctive underwater experiences within easy reach.

Indoor and outdoor spaces will make the most of the natural surroundings for celebrations, events and meetings. The Gallery, an indoor venue for up to 200 guests, will offer panoramic sea views, while The Cove brings gatherings outdoors.

At the resort’s highest point, the Roof Deck opens to 360-degree views of the sea, mountains and lush greenery, creating a memorable setting for wedding ceremonies, proposals and special occasions.

‘We aim to create a resort that belongs in its setting rather than competes with it,’ added Henrichs. ‘We want guests to experience the beauty, authenticity and adventure of Coron while enjoying the hospitality and service they have come to associate with The Lind Hotels.’

For The Lind Hotels, the opening of The Lind Coron brings a vision more than a decade in the making full circle. Coron was where the idea for the brand first took shape, and in 2027, it will finally become home to The Lind, continuing its journey of Crafting Experiences, Creating Memories in a destination that has always been part of its story.

Escudero OKs showing of VP Duterte’s SALNs from 2007: For baseline only

Senate Impeachment Court Presiding Officer Francis Escudero has allowed the prosecution to present Vice President Sara Duterte’s Statement of Assets, Liabilities, and Net Worth (SALN) from 2007 – or those filed years before her vice presidency – for purposes of establishing a baseline.

During the resumption of Duterte’s impeachment trial on Tuesday, counsel for the prosecution James Bryan Ibrahim Alih presented Atty. Karen Batu, officer-in-charge of the Office of the Ombudsman’s Central Records Division, as their second witness for Article II of the Articles of Impeachment.

However, counsel for the defense Justin Nicol Gular objected to Alih’s offer of Batu’s testimony as it would touch on SALNs that were submitted before 2022, or prior to her term as Vice President. Escudero reminded Gular that the matter had been settled already when the Senate Impeachment Court ruled on the prosecution’s request for subpoenas.

‘We are particularly referring to purposes number 3, 4, and 9, Your Honor, as these refer to documents or SALNs, covering periods during which the respondent was not an impeachable officer, Your Honor,’ Gular said.

‘We reiterate, the ruling of Duterte v. House of Representatives that only matters in relation to the impeachable term that are committed or done allegedly in the impeachable – in relation to the position, Your Honor – are matters that can be and within the ambit of this impeachment court, Your Honor. We are therefore objecting on the ground of irrelevance and inadmissibility,’ he added.

‘The Chair would like to remind counsel for the respondent of the ruling of the Chair with respect to the issuance of the subpoenas covering the period 2007 up to 2025, that pursuant to OMB, Office of the Ombudsman vs. Bernardo GR No. 181598 dated March 2013, there is a necessity to establish the baseline, not for the prosecution but equally for the respondent, in order to find out what is the base figure for the computation of the SALN during her term,’ Escudero noted.

According to Escudero, there will be no additional charges against Duterte beyond those mentioned in the Articles of Impeachment, and the SALNs from 2007 to 2021 will be used only to establish a baseline.

‘The chair also clarified when it ruled in favor of granting the subpoena that we are not adding to the charges against the Vice President for supposed acts committed to her term as Vice President, the only ones she’s being charged of before the impeachment court would be those committed during her term as Vice President from 2022 up to the present,’ Escudero said.

‘And whatever it is that may be shown is only for purposes of establishing a baseline and not adding to the charges already made in the Articles of Impeachment that are outside her term. We will register your continuing objection Atty. Justin, with respect to offers No. 3, 4, and 9,’ he added.

Offers No. 3, 4, and 9 made by Alih pertains to the following matters that will be testified upon by Batu:

to prove the net worth declared by Duterte from 2007 to 2025, including its components, like the amount of cash, and other personal properties she declared for those years

to prove that based on Duterte’s own declarations under oath in her SALNs for 2007 to 2025, her declared net worth, as well as that of her spouse, Atty. Manases Carpio, increased from P7,250,497.00 in 2007 to P65,308,841.00 in 2021, and to P98,656,131.20 in 2025, or by around P91 million

to identify and authenticate the certified true copies of the SALNs of Duterte for the years 2007 to 2012 and 2016 to 2025

Aside from these matters, Gular said the defense is willing to stipulate on Offer No. 1 of the prosecution, or the matter of Batu’s position as officer-in-charge of the Office of the Ombudsman’s Records Division, and that the Office of the Ombudsman is the repository of SALNs from presidents and vice presidents.

Article II deals with allegations that Duterte has unexplained wealth, and that she failed to declare it in her SALN. Batu, meanwhile, first appeared in relation to the impeachment proceedings against Duterte when the House of Representatives’ committee on justice was discussing the two impeachment complaints last April.

During the committee on justice’s hearing on April 22, Batu confirmed the veracity of Duterte’s SALNs from 2007 to 2024.

Duterte’s SALNs from 2007 and 2024 have been deemed by lawmakers as significant to allegations of unexplained wealth. During the discussions on the sufficiency in substance of the two impeachment complaints against Duterte, Bicol Saro party-list Rep. Terry Ridon said that the Vice President’s net worth from 2007 to 2024 rose by 1,000 percent.

Ridon, who eventually became a member of the prosecution team and was appointed co-team leader for Article II, said that there was an increase in the Vice President’s net worth that is not proportionate to her salary – with her net worth rising by over 1,000 percent from 2008 to 2024.

Ridon explained that Duterte’s SALN in 2008 showed a net worth of P18.49 million, while her net worth in her 2023 SALN grew to P77.50 million and P88.51 million for 2024 – representing a 378 percent increase from 2008 to 2024. However, the lawmaker noted that if figures were based on Duterte’s 2007 SALN – the first year that she became a public official – the jump from a net worth of P7.2 million to 2024’s P88.51 million represents a 1,120 percent spike.

House bill eyes health insurance coverage for public school teachers

A bill mandating the Department of Education (DepEd) to provide government school teachers with health insurance coverage was filed at the House of Representatives.

Quezon City Rep. Patrick Michael Vargas said his measure, House Bill No. 10984, seeks to give teachers an added safeguard against emergency medical costs beyond the Philippine Health Insurance Corp. (PhilHealth) and cut their out-of-pocket expenses.

‘As part of our commitment to valuing teachers, we must take care of their health and remove the burden of medical expenses should they fall ill,’ he said in a statement.

He said his bill would require DepEd to procure health maintenance packages through public bidding and negotiate higher-than-normal coverage for nearly a million teachers by leveraging the contract’s scale.

‘This will give teachers higher benefit limits, free hospital stays, doctor check-ups, and coverage for pre-existing conditions across accredited hospitals nationwide,’ Vargas’ statement said.

Public school teachers currently receive P7,000 in annual medical allowance under Executive Order No. 64 and DepEd Order No. 16. Though the Quezon City lawmaker said that amount falls short ‘when serious illnesses and hospitalizations occur.

Governor Aliyu and Sokoto’s environmental challenge

SOKOTO State is on the frontline of one of the most persistent environmental threats facing northern Nigeria: desertification. The state’s steady loss of vegetation, the indiscriminate felling of trees and land degradation have placed increasing pressure on arable farmland and water resources for both livestock and man. Climate change and the erratic rainfall have further compounded the problem, making environmental protection not merely an ecological concern, but also an economic and social one. For a predominantly agrarian population, the consequences are serious: as productive land gets degraded and vegetation disappears, food security, household incomes and the livelihoods of rural communities would continue to come under increasing threat. It is against this backdrop that Sokoto State government’s environmental interventions are critical.

For Sokoto State, desert encroachment, deforestation, erosion, flooding, the refusal of residents to provide drainage, poor waste management and climate variability are real and interconnected challenges that threaten the communities and livelihoods. This explains why the response of the administration has been swift and encompassing, extending beyond tree planting to a broader effort to protect the environment and build resilience against the effects of climate change. The administration’s environmental response goes far beyond the 500,000 seedlings, which Governor Ahmed Aliyu planted in 2026 at Gidan Man Ada Housing Estate, with the target of planting 500,000 seedlings across the state’s 23 local government areas. The campaign is only one part of a broader environmental agenda that encompasses the protection of existing forests, the fight against indiscriminate tree felling, waste management and recycling, erosion and flood control, drainage rehabilitation, water infrastructure, pollution control and other critical measures designed to help communities adapt to the threat. These interventions reflect a holistic approach to environmental protection-one that recognises that safeguarding the state’s future requires more than planting trees; it requires tackling the interconnected challenges that threaten its land, water, communities and livelihoods.

That does not in any way diminish the significance of the tree-planting campaign, because trees provide a natural defence against desertification, protects the soil, creates shelterbelts, improves the local environment and supports livelihoods. Thankfully, Governor Ahmed Aliyu understands the scale of the problem-and the need for a sustained and coordinated action-to tackle the complex problem, of which the annual tree-planting exercise is just a component. So, what has the Ahmed Aliyu administration done to address these challenges? One of the state’s notable anti-desertification interventions is the 40-kilometre shelterbelt in the Wurno Local Government Area, established under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) programme. The project reflects the recognition that the fight against desertification cannot depend solely on planting trees; it must also involve creating protective environmental infrastructure capable of defending communities and productive land from the gradual encroachment of the desert. The shelterbelt was designed to serve as a protective barrier against the harsh effects of wind and desertification, helping to reduce the movement of wind-blown sand and protect farmland, settlements and other vulnerable areas in communities within Wurno Local Government Area. Beyond its immediate protective function, the vegetation belts will help improve soil stability, conserve moisture and create a more favourable environment for agriculture.

It represents precisely the kind of long-term environmental infrastructure that a Sahelian state requires-an intervention designed not simply to respond to the effects of land degradation, but to strengthen the resilience of the communities against them. Another major component of Sokoto’s environmental response is the fight against erosion and flooding, two problems capable of causing extensive damage to communities, infrastructure and livelihoods. Gully erosion can easily swallow farmland, threaten houses and undermine roads and other public infrastructure, while flooding can devastate communities, disrupt transportation and leave significant economic losses in its wake. The state’s environmental programme has consequently included gully-erosion control, drainage rehabilitation and earthwork projects at vulnerable locations. The 2025 budget provided for erosion-control interventions in areas including Kaura, Kebbe, Tambuwal, Ruman Soraki and Gwadabawa, as well as counterpart funding for interventions under the Nigeria Erosion and Watershed Management Project (NEWMAP).

Sokoto State has also participated in NEWMAP, with intervention areas including Lugu, Tudun Wada/Mabera, Rafin Duma, Sakkwai, Durbawa and Goronyo. These critical interventions include storm-water management and other measures designed to control runoff and reduce the destructive effects of flooding and erosion. But the shelterbelt is only one project out of the several interventions in the catchment. The state has also established a 500-hectare forest enrichment plantation in Wurno to improve vegetation cover and reduce sheet and rill erosion threatening the fertile Fadama lands. Beyond Wurno, a 7,000-hectare agroforestry initiative involving Moringa trees has been established across 23 communities, linking environmental restoration with food security. Governor Aliyu’s overall strategy recognises that degraded land, the disappearing vegetation and depleted water resources are closely connected. That is why the ACReSAL intervention includes plans to restore 19 million cubic metres of water in Lugu Dam and the rehabilitation of 1,300 hectares of irrigable land in Wurno.

Taken together, these projects show a strategy that goes beyond the annual planting of trees to addressing the wider ecological systems on which agriculture and the people depend.

This is important because the state’s environmental problems do not exist in isolation. Deforestation will certainly accelerate land degradation and erosion; inadequate drainage will definitely worsen flooding; and climate variability can intensify both. Thus, addressing one without addressing the others would have been a partial solution.

Sokoto State’s environmental investment depends not only on how many trees the government plants, but on how effectively the people themselves protect them and how it also tackles the many other forces degrading the environment.

The fire incident at the 40-kilometre Wurno shelterbelt offers both a warning and a lesson.

The shelterbelt was set on fire by unknown people, prompting Governor Aliyu to direct security agencies to identify and apprehend those responsible for the incident. The incident exposes one of the most difficult dimensions of Sokoto State’s environmental challenge. The government can spend millions of naira in planting trees and establishing critical shelterbelts, but if those investments are subsequently destroyed by fire, indiscriminate logging or other human activities, the environmental battle will certainly be lost.

The Wurno experience therefore gives meaning to Governor Aliyu’s insistence that the 500,000 seedlings recently planted must be nurtured and protected. It also explains the Ministry of Environment’s tough position on deforestation, bush burning and forest encroachment.

Environmental protection, however, is not limited to forests and tree planting. The same pressure on the environment is visible in the way waste is generated, collected and disposed of, the condition of drainage channels, the management of erosion-prone areas and the need to control activities that contribute to pollution. These areas require sustained government attention because poor waste disposal can block drainage and worsen flooding, while uncontrolled environmental degradation can undermine the gains made through tree planting and other restoration projects.

This is why waste management, recycling, drainage rehabilitation and pollution control are important parts of the wider environmental response. They are not separate from the fight against desertification; they form part of the same effort to keep communities safer, protect public infrastructure and ensure that environmental investments deliver lasting benefits.

The responsibility, however, does not rest with government alone. The Wurno experience demonstrates that environmental projects require community ownership and protection. Trees planted by government for the benefit of the people must be protected by the communities where they are located. Bush burning, indiscriminate tree felling, forest encroachment and other activities that undermine the huge environmental investments cannot be addressed by the government alone. They require public awareness, community participation and effective enforcement of environmental regulations.

As Tangaza warned during the 2026 campaign, ‘We cannot plant trees aggressively while allowing reckless deforestation to undermine our progress.’

It’s gratifying that the Ministry of Environment has expanded the scope of this year’s campaign. According to Nura Shehu Tangaza, commissioner of environment, the state is distributing climate-resilient seedlings, including economic trees and shelterbelt species, to households, schools, religious centres and farm plots.

The planned reconstruction of Lugu Dam, estimated at 33 billion, is particularly significant.The project has implications for flood management, irrigation and dry-season agriculture, making it part of a broader effort to strengthen resilience in communities vulnerable to environmental and climatic pressures.

This demonstrates why environmental policy of Governor Aliyu cannot be divorced from agriculture and water security. A community that has access to reliable water, irrigation and appropriate environmental infrastructure is better positioned to withstand the effects of climate variability.

Governor Aliyu has repeatedly linked Sokoto’s environmental vulnerability to its location in the Sahel. At the 2026 tree-planting campaign, he warned that desert encroachment was advancing at an alarming rate and called for collective action.

The use of climate-resilient seedlings and shelterbelt species in the 2026 programme reflects an attempt to make tree planting more suited to the state’s harsh environmental conditions.

For Governor Aliyu, the state does not merely need to plant trees. It needs to ensure that those trees become part of a permanent environmental defence against the desert.

That is why the environmental story of the Aliyu administration is bigger than an annual tree-planting ceremony.

COP31: Why Nations must move from promises to action

THE world cannot afford to approach the 31st United Nations Climate Change Conference, COP31, as another annual gathering where governments make ambitious declarations, take photographs and return home to business as usual. The climate crisis has moved beyond the stage where promises alone can reassure vulnerable populations. What the world needs now is implementation, accountability and measurable results. COP31 is scheduled to hold from November 9 to 20, 2026, at the Antalya EXPO Center in Antalya, Trkiye. Trkiye will host and preside over the conference, while Australia will lead the negotiations. The meeting is expected to bring together representatives of nearly 200 countries that are parties to the United Nations climate convention, alongside international organisations, businesses, scientists, civil society groups, indigenous representatives and other stakeholders. The broad participation makes COP31 an important opportunity, but its significance will ultimately depend on what countries are prepared to contribute and what they do after the conference. For nations preparing for Antalya, attendance should therefore go beyond sending delegations to deliver speeches. Governments should arrive with concrete proposals, credible climate plans, financing strategies, investment opportunities and clear targets that can be monitored after the conference.

For developing countries across Africa, climate change is already affecting agriculture, water resources, infrastructure, energy systems and livelihoods. At the same time, many African countries are still struggling to provide adequate electricity access and create enough jobs for rapidly growing populations. Africa needs to reduce emissions and build climate resilience, but it also needs economic development. A successful energy transition cannot leave developing countries without reliable and affordable energy. COP31 should therefore encourage realistic national pathways rather than impose a single model on every country. For Nigeria, this distinction is particularly important because the country has enormous energy needs, while its economy remains closely connected to oil and gas. At the same time, Nigeria possesses substantial opportunities in solar power, gas, energy efficiency, clean cooking, methane reduction, transmission development and other emerging areas of the energy transition. Nigeria should use COP31 to present investment-ready projects instead of limiting its participation to requests for financial assistance. Climate commitments become more meaningful when they are connected to projects that can improve electricity supply, create employment, strengthen industries and reduce environmental damage.

Sadly, one of the biggest obstacles facing developing countries is not simply a lack of climate projects, but the difficulty of turning those projects into investments. High financing costs, currency risks, inadequate infrastructure, regulatory uncertainty and limited access to affordable capital can prevent viable projects from reaching implementation. COP31 must therefore maintain pressure for climate finance that is accessible, predictable and appropriate to the needs of developing countries. Financial commitments should also be judged by how much money actually reaches projects and communities, rather than by the size of announcements made at international conferences. Even if global emissions were to decline rapidly, many communities would continue to experience the effects of climate change. Flooding, drought, extreme heat, changing rainfall patterns and other climate-related risks require immediate investment in resilient infrastructure. Governments need to strengthen drainage systems, water infrastructure, agriculture, healthcare, electricity networks and urban planning. Climate adaptation should not be viewed merely as environmental expenditure, it is an investment in protecting economic development. To be candid, governments alone cannot finance the enormous infrastructure required for the global energy transition. Banks, investors, energy companies, technology firms and manufacturers control significant amounts of capital and expertise. COP31 should encourage them to make measurable commitments to clean energy, efficiency, resilient infrastructure and lower-carbon technologies.

Developed countries have greater financial and technological capacity and have contributed significantly to historical emissions. Developing countries, meanwhile, need room to pursue economic development while gradually reducing the environmental intensity of that growth. A fair climate framework must recognise these differences without allowing them to become an excuse for inaction. Most importantly, the outcome of COP31 must survive beyond Antalya. Governments should translate agreements reached at the conference into national programmes with deadlines, budgets and measurable indicators. International institutions should track implementation. Civil society and the media should scrutinise progress, while citizens should be able to determine whether their governments are delivering on commitments. There should be a simple test after the conference: What was promised, what was funded, what has been implemented and who has benefited? This is where the real value of COP31 will be determined. If successful, the benefits will extend far beyond climate statistics. More renewable energy can improve electricity access. Better energy efficiency can reduce costs. Climate-resilient agriculture can strengthen food security. Stronger infrastructure can protect communities from disasters. Cleaner technologies can create new industries and employment opportunities, while international cooperation can accelerate the spread of technologies that individual countries may struggle to develop independently. COP31 therefore represents an opportunity to connect climate action with economic development, but that opportunity will only be realised if nations arrive prepared to contribute meaningfully and remain committed after the negotiations end.

The world has had decades of climate conferences and countless commitments. The challenge now is not simply reaching another agreement. It is demonstrating that agreements can produce results. When delegates leave Antalya on November 20, 2026, the most important question should not be how impressive the speeches were, it should be whether the decisions taken there have created a credible pathway towards cleaner energy, stronger economies, resilient communities and a safer climate.

COP31 must not be another destination for climate diplomacy. It must become a launchpad for climate action.

J.P. Morgan lists Nigerian Bonds in new emerging markets index

Nigeria is set to attract more foreign investment into its domestic debt market after global financial services firm J.P. Morgan included Federal Government of Nigeria (FGN) bonds in its newly created Government Bond Index-Emerging Markets Edge (GBI-EM Edge).

The inclusion marks Nigeria’s return to a J.P. Morgan local-currency bond index after an 11-year absence, having been removed from the GBI-EM Global Diversified index in 2015 over foreign exchange liquidity difficulties.

Nigeria has now been assigned a 7.40 per cent weighting across 16 eligible bond instruments, one of the highest allocations among the 26 frontier markets covered by the index, which tracks about $328 billion in government debt.

Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, announced the development yesterday in Abuja during the signing ceremony for a fresh N728.9 billion power sector bond.

He said the listing was expected to attract about $17.5 billion in foreign capital into the domestic debt market and lower borrowing yields by up to 200 basis points.

Oyedele said: ‘JP Morgan, which manages the world’s most widely tracked emerging market bond indices, has just announced the inclusion of the Federal Government of Nigeria’s bond in its newly created global bond index, Emerging Market Edge.

‘This is expected to attract about $17.5 billion into our debt market and bring down the yield by up to 200 basis points.

‘If we are doing another one tomorrow, the rates will be much lower.’

According to the ministry, Nigeria qualified for the index on the strength of the liquidity and size of its FGN bond market, trading actively through a Two-Way Quote System, with outstanding bonds exceeding the $250 million minimum per tenor required for inclusion.

Nigeria previously featured in the GBI-EM index in 2012, a listing that attracted substantial foreign investment and cut the government’s borrowing costs by about 200 basis points at the time.

Oyedele described the fresh listing as ‘a clear, independent endorsement of the discipline behind President Bola Ahmed Tinubu’s reform agenda,’ crediting it to ongoing foreign exchange stabilisation, cleared FX obligations and improved macroeconomic conditions.

He added that Nigeria remained focused on meeting the criteria for full reinstatement into J.P. Morgan’s flagship index.

The announcement coincided with the Federal Government raising N728.9 billion under Series 2 of the Presidential Power Sector Debt Reduction Programme, comprising N402 billion in cash bonds raised from the capital market and N326.9 billion in non-cash bonds allotted to 11 participating electricity Generation Companies (GenCos).

Combined with the N501 billion raised under Series 1 in January 2026, the programme has now generated N1.23 trillion toward resolving the sector’s N4 trillion legacy debt backlog.

Nigerian Bulk Electricity Trading Plc (NBET) Managing Director, Mr Johnson Akinnawo, said the Series 2 issue would be implemented in two tranches and noted that participation had risen to 11 GenCos, up from eight under Series 1, reflecting growing stakeholder confidence in the programme.

Special Adviser to the President on Oil and Gas, Ms Olu Verheijen, represented by Mr Eriye Onagoruwa, said Series 1 had already led to settlement agreements covering 21 power plants, adding that Series 2 was ‘scaling’ the model the first series had proved.

Bureau of Public Enterprises (BPE) Director-General, Mr Ayodeji Gbeleyi, said the Federal Government, through the BPE, was also advancing the World Bank-financed $500 million Distribution Sector Recovery Programme, which is already improving customer enumeration, closing metering gaps and boosting revenue collection efficiency in the distribution segment.

Special Adviser to the President on Power, Dr Lanre Babalola, said the government recognised it could not build the electricity market of the future while unresolved legacy obligations persisted, but cautioned that debt resolution alone did not amount to sector reform.

He urged stakeholders to also tackle the causes of new debt accumulation.

Officials stressed that the debt resolution programme must be matched by stronger market discipline, improved revenue assurance and greater accountability across the electricity value chain to prevent fresh legacy debts from building up.

The renewed access to the J.P. Morgan benchmark is expected to boost trading activity in the FGN bond market, as fund managers tracking the index adjust portfolios to reflect Nigeria’s new weighting.

Higher demand for eligible bonds is expected to push prices up and yields down, potentially lowering the government’s cost of domestic borrowing and improving liquidity across the wider debt market, including Nigerian Treasury Bills.

Coca-Cola proposes $1b investment

President Bola Ahmed Tinubu has assured local and international investors that Nigeria remains open for business, saying his administration is working to make the country’s business environment more predictable, competitive and supportive of investment.

President Tinubu also welcomed the Coca-Cola System’s proposed $1 billion investment in Nigeria over five years, describing the commitment as a vote of confidence in the country’s economy and its long-term prospects.

The President spoke on Monday in Abuja at the 75th anniversary flagship event of the Nigerian Bottling Company Limited (NBC), held at the Bola Ahmed Tinubu International Conference Centre.

He was represented by the Secretary to the Government of the Federation (SGF), Senator George Akume.

In a statement issued by the Special Adviser to the SGF on Media and Publicity, Yomi Odunuga, President Tinubu said the Federal Government recognised the practical challenges confronting businesses and was addressing them through reforms being implemented under the Renewed Hope Agenda.

‘Our message to investors, both Nigerian and international, is clear: Nigeria is open for business, and we are working to make the business environment more predictable, more competitive and more supportive of investment’, he said.

The President identified reliable power and infrastructure, clear and consistent regulations, efficient ports and logistics, access to foreign exchange and a tax system that encourages productive enterprise as critical requirements for attracting and retaining investments.

According to him, the availability of these conditions directly influences decisions by investors on whether to expand factories, establish new production lines and create additional jobs.

Tinubu explained that his administration embarked on difficult economic reforms to build a more productive and competitive economy, reduce dependence on imports, expand domestic manufacturing and create greater opportunities for Nigerians.

‘We are making difficult changes because we want a more productive and competitive Nigerian economy. We do not want to remain overly dependent on imported goods while our own productive capacity remains underdeveloped. We want to produce more, manufacture more, add more value locally and create more opportunities for Nigerians’, he said.

The President noted that the Coca-Cola System announced in 2024 a potential $1 billion investment in Nigeria over five years after investing $1.5 billion in the country during the preceding decade.

He said the administration was interested not only in the amount of capital flowing into Nigeria but also in its impact on employment, skills development, local sourcing, technology transfer and domestic productive capacity.

‘For this Administration, that is what investment must mean. We are interested not only in the amount of capital that comes into Nigeria, but in what that capital does here. Does it create jobs? Does it strengthen Nigerian businesses? Does it develop skills? Does it increase local sourcing? Does it bring new technology and knowledge? Does it help us produce more in Nigeria?

‘Those are the outcomes that matter’, Tinubu said.

He stressed that Nigeria should not be regarded merely as a large market for international companies to sell their products, but as a country where businesses could establish operations, develop local talent and supply chains and compete in African and global markets.

The President cited NBC’s continued expansion of production capacity, including new production lines at Asejire in Oyo State and Challawa in Kano State, as the type of investment required to strengthen Nigeria’s productive base.

He challenged businesses and policymakers to increase local content and develop Nigerian companies into dependable suppliers to major manufacturers.

Tinubu also called for greater investment in training young Nigerians to operate and maintain modern industrial equipment, while progressively replacing imports with competitively manufactured Nigerian products.

He pledged that the Federal Government would continue improving policies, infrastructure and the regulatory environment needed to encourage investment and domestic production, but stressed that the private sector also had a major role to play.

‘Government has a role to play. We will continue to work on the policies, infrastructure and regulatory environment required to support investment and domestic production. But government cannot do this alone.

‘The private sector must also play its part. Businesses invest. Businesses innovate. Businesses take risks. Businesses create jobs. Our responsibility in government is to create an environment in which those things can happen’, he said.

Tinubu also placed emphasis on human capital development, saying investment ultimately derives its value from the opportunities it creates for people.

He commended NBC for its Supply Chain Academy, established in 1996, which has trained more than 1,400 young people, as well as the company’s empowerment programmes for women and interventions in communities, including water and hygiene initiatives.

According to the President, Nigeria’s large youthful population could become a major economic advantage if young people are equipped with the education, technical skills and opportunities required to participate meaningfully in the economy.

He said his administration wanted young Nigerians to have opportunities to become entrepreneurs, engineers, technicians, professionals, innovators and manufacturers, noting that human capital development, enterprise and job creation remained important pillars of the Renewed Hope Agenda.

Tinubu acknowledged the sacrifices Nigerians and businesses had made as a consequence of the administration’s reform programme, but insisted that longstanding structural problems in the economy must be confronted to build a stronger and more competitive country.

‘I know that the reform process has not been easy. Nigerians have made sacrifices, and businesses have had to adjust to changing conditions. We are not blind to these realities. But we also know that some of the structural problems in our economy cannot simply be wished away. They have to be addressed’, he said.

The President reaffirmed the government’s readiness to welcome investors prepared to make long-term commitments to Nigeria, particularly companies willing to manufacture locally, develop Nigerian talent, deepen domestic supply chains and contribute to their host communities.

‘We welcome investors who are prepared to take the long view. We welcome companies willing to produce in Nigeria, develop Nigerian talent, strengthen local supply chains, and contribute to the communities in which they operate. That is the kind of partnership we want between government and business’, he said.

Tinubu urged the wider business community to take advantage of opportunities across the country, saying Nigeria possesses the people, market, resources and entrepreneurial spirit required to become a major productive economy.

Earlier, the President congratulated the board, management, employees, distributors, suppliers and partners of NBC on its 75th anniversary, describing its transformation from a business established in Lagos in 1951 into a nationwide enterprise as evidence of the possibilities inherent in long-term investment in Nigeria.

He said the Coca-Cola System generated an estimated $1 billion in value-added economic activity in Nigeria in 2024, supported more than 160,000 livelihoods across its value chain and purchased approximately $601 million worth of goods and services from Nigerian suppliers.

Tinubu said the figures demonstrated the multiplier effect of productive investment, with manufacturing activities creating opportunities for suppliers, transporters, engineers, technicians, distributors, retailers, farmers, financial institutions and other businesses.

He urged NBC and the Coca-Cola System to sustain their investments in Nigeria, continue developing Nigerian talent, deepen local supply networks and explore new opportunities for creating value in the country.

The President expressed confidence that Nigeria could build an economy that produces and exports more, creates greater value domestically, develops globally competitive industries and equips young Nigerians for emerging technologies and jobs.

He said achieving the transformation would require consistent policies, investment, infrastructure and confidence in Nigeria’s capacity, assuring that his administration would remain committed to reforms necessary to achieve the objective.

 PM Tarique Rahman to Attend COP31 in Trkiye

Prime Minister Tarique Rahman will visit Trkiye in November to attend the 2026 UN Climate Change Conference (COP31), State Minister for Foreign Affairs Humaiun Kobir said recently.

He disclosed the information during a meeting with Trkiye’s Deputy Foreign Minister Musa Kulaklikaya on the sidelines of the 23rd Extraordinary Session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) in Jeddah.

COP31 is scheduled to be held in Antalya, Trkiye, from November 9 to 20, 2026.

The two sides discussed regional developments and expressed their readiness to strengthen cooperation on issues of mutual interest.

 BERC for Tk 6.48 Per Kwh Tariff on Renewable Power

The Bangladesh Energy Regulatory Commission has proposed a Tk 6.48 per kilowatt-hour benchmark tariff for renewable electricity to be procured from merchant power plants, drawing sharp opposition from consumer rights activists have who called the rate unacceptable and unreasonable.

The commission’s technical evaluation committee recommended the tariff at a public hearing held at the International Mother Language Institute auditorium in the capital’s Segunbagicha recently.

Questioning the proposed tariff, Consumers Association of Bangladesh energy adviser M Shamsul Alam said the rate was signifi cantly higher than tariffs for solar power in neighbouring countries.

‘If we take the current exchange rate of Tk 123 to the US dollar, the solar power tariff is Tk 3.80 in India and Tk 3.90 in Pakistan,’ he said, adding that the BERC technical committee had set the tariff at Tk 6.48.