Germany, Nigeria seal fresh industrial push as Abuja summit opens $3.5bn trade frontier

Abubakar Atiku Bagudu, Minister of Budget and Economic Planning, and Johannes Lehne, Deputy Head of Mission at the German Embassy, have led renewed efforts by Nigeria and Germany to deepen industrial cooperation, as German machinery manufacturers and Nigerian industrialists converged in Abuja to unlock new investments in cement, mining, steel and building materials.

The high-level engagement, which brought together what organisers described as the largest German industry-focused delegation to Nigeria, was held in Abuja, under the German-Nigeria Cement, Building Materials and Mining Technology Conference.

Chux Onaa, convener and head of the German delegation, said the partnership must move beyond conventional trade to long-term industrial cooperation anchored on technology, investment and trust.

‘The strongest commercial relationships are built not only on technology and investment, but also on trust and a shared vision,’ Onaa said.

Bagudu highlighted Nigeria’s recent pound 364 million export credit guarantee agreement with Germany, saying it would strengthen the financial framework for industrial ventures and support private-sector-led growth under President Bola Tinubu’s Renewed Hope Agenda.

In his remarks, Lehne said Germany was seeking a durable partnership with Nigeria rather than short-term commercial opportunities.

‘We are not looking for one-off solutions. We want long-term partnerships; we want to develop the future together,’ he said. He disclosed that Germany’s portfolio in Nigeria had exceeded pound 600 million, while bilateral trade had risen from about $2.5 billion to more than $3.5 billion.

The German delegation also met Shuaibu Abubakar Audu, Minister of Steel Development, to explore cooperation in steel production, mineral processing, technology transfer and equipment manufacturing.

The conference featured German technology presentations, a panel on export and trade finance involving DEG, Access Bank and German Desk, and a business-to-business session linking Nigerian industrialists directly with German original equipment manufacturers.

The organisers said the initiative could accelerate technology-driven industrialisation as Nigeria pursues its $1 trillion economy ambition.

Cancer plans face funding shortfall

Funding for national cancer control plans remains critically insufficient, with fewer than 10% fully funded worldwide, the president of the Union for International Cancer Control (UICC) has warned.

Speaking at the World Cancer Congress 2026 in Hong Kong, which ends on Saturday, Ulrika Årehed Kågström said financing national cancer plans remains a persistent challenge. While 81% of countries have national cancer control strategies, most lack the resources to implement them effectively.

“The cancer community must ensure that cancer control is politically and financially prioritised in all countries,” she said, stressing the need for stronger and more equitable systems.

The UICC is the largest and oldest organisation dedicated to leading global action against cancer with more than 1,150 member organisations including major cancer societies and research institutes.

Ms Årehed Kågström said better prevention, early detection and support throughout care could significantly reduce cancer deaths and inequalities worldwide. These objectives align closely with the World Cancer Declaration, launched last November at the World Cancer Leaders Summit in Melbourne, Australia, she said.

Cary Adams, chief executive of the UICC, agreed that while most countries now have cancer control plans, only a minority include adequate financing strategies. He called for cancer care to be incorporated into universal health coverage and urged governments to prioritise investment.

More than 2,000 delegates from 124 countries gathered in Hong Kong this week for the three-day congress, where speakers urged governments and health systems to prioritise prevention, early diagnosis and equitable access to treatment.

Participants included representatives of government agencies, patient organisations, academia, research institutes and UN bodies. Delegates came from North and South America, Europe, Africa, the Middle East and Asia, underscoring the global scale of the challenge.

Ms Årehed Kågström said that despite differences in background and expertise, participants shared a common purpose: reducing the burden of cancer, addressing inequalities and improving survival rates worldwide.

Rising cancer cases

Ms Årehed Kågström pointed to projections showing a sharp rise in the global cancer burden.

“Cancer cases are expected to rise by 29% to 26.5 million annually by 2035, with deaths increasing by 32% to 12.9 million,” she said.

“Africa, Asia, Latin America and Asean are facing faster growth in incidence and mortality than North America and Europe.”

Access to quality cancer prevention, detection, treatment and supportive care remains highly unequal within and between countries, she said. Lower-income countries face major gaps in infrastructure, workforce capacity, treatment options and affordability.

“The estimated global economic cost of cancer over the period 2020 to 2050 is 25.2 trillion US dollars,” she said. “And 50% of cancers are currently detected at an advanced stage.”

She said five-year survival rates fall sharply between early and advanced stages of cancer. Early diagnosis can significantly improve a person’s chances of survival, while population-based screening and early detection can reduce costs for healthcare systems.

Investment in cancer prevention can deliver high returns, she said, noting that the World Health Organization recommends a range of cancer prevention measures.

Major advances are also being made in targeted drugs, immunotherapy, including CAR-T cell therapy, and mRNA vaccines.

Artificial intelligence has the potential to transform detection, treatment planning and care delivery. However, access to new treatments and technologies varies substantially because of high costs and differences in health system capacity, she said.

Wider global challenges pose further threats. Antimicrobial resistance (AMR) puts cancer treatment at risk, with one in five cancer patients needing antibiotics. Cancer patients are also two to three times more likely than other hospital patients to develop an untreatable infection, she said.

“If we don’t address AMR, advances in cancer treatment risk being undermined by death from infections,” she said.

Climate change can increase cancer risk through air pollution and disrupt services during extreme weather events, she said. Increasing urbanisation also exposes more people to pollution, heat and unhealthy living environments.

Mr Adams also warned that cancer cases and deaths are set to rise sharply, particularly in low- and middle-income countries. He urged governments to strengthen prevention, early detection and financing for national cancer plans.

He said there were 20.6 million new cases and 9.8 million deaths in 2024, with annual totals forecast to exceed 34 million cases and reach 17.5 million deaths by 2050.

Tobacco use, obesity, poor diet and infections remain major risk factors, he said. While tobacco use has declined in many regions, more than 1.1 billion people still smoke worldwide.

The proportion of the global population who are overweight or obese has risen to 43%, compared with 31% in 2010, he said. Progress in screening and early detection has been uneven, with less than half the world’s population having access to diagnostic services.

Vaccination programmes against human papillomavirus (HPV) and hepatitis B have expanded, but coverage remains low in some regions, leaving millions at risk of preventable cancers.

Access to essential cancer medicines and palliative care is also highly unequal, with only 14% of patients who need palliative care receiving it, he said.

The updated World Cancer Declaration sets targets to reduce cancer mortality by 25% by 2035, cut exposure to major risk factors by 30%, ensure 60% of cancers are diagnosed early and guarantee access to essential medicines and technologies.

“Our ambition is simple — to reduce the cancer burden and address inequities,” Mr Adams said. “If you want results, you must prepare and work for them.”

How rephotography is telling the story of a changing Lagos

Historically, visual narratives of African cities were often shaped by external media and interests.

Through projects like Eyes of a Lagos Boy and now Lagos Then and Now, Bolaji Alonge, visual historian and documentary photographer, uses rephotography to build a local archive centered on the perspectives of the people who know the city best.

Rephotography, the practice of taking a modern picture of a site from the exact location used in an archival photograph is rapidly transforming how we record urban history.

His Lagos Then and Now collection brings these past and present perspectives together allowing people experience the city’s ongoing transformation firsthand.

For a rapidly evolving metropolise like Lagos, Alonge, uses rephotography to offer an essential framework to document history as it happens, creating a locally grounded visual record of urban growth.

Rather than simply taking pictures of a city as it stands today, this approach turns everyday photography into a tool for tracking physical and social transformation over time.

The Art of ‘Then and Now’

Creating these before-and-after visual records requires considerable patience and historical research such as sourcing old archival photographs, locating the precise spot where the original photographer stood, matching the exact camera angle, and capturing the contemporary view.

He uses this technique to directly track how the city’s streets and neighborhoods have evolved across generations.

Placing historical and modern photos side-by-side reveals the rapid pace of urban development. Old landmarks disappear to make way for modern high-rises, and quiet streets turn into busy thoroughfares. In some areas, concrete has completely replaced green spaces, while in others, trees have surprisingly grown where there used to be none.

Generating nostalgia and public debate

Reactions to these comparative photos show how deeply residents care about their city’s past.

However, nostalgia often shapes how these changes are perceived.

When an old photo shows a quiet, leafy street that has since become a crowded business area, people usually complain about what was lost.

On the other hand, when modern improvements make a location cleaner or more functional, few people notice.

This highlights how collective memory often leans on romanticized impressions of the past rather than objective physical shifts.

According to Alonge, ‘These visual pairings regularly spark lively debates online. Viewers share personal memories, discuss city planning policies, and debate government decisions, using the images to evaluate where Lagos came from, who directed its changes, and what its future development should prioritize’.

Preserving visual history from within

Applying this method locally, and in global cities like London, New York, Marseille, and Barcelona, it highlights a broader truth, which is that sustained urban photography is fundamentally a way of capturing time.

For instance, a simple photo of a normal street corner today might seem ordinary now, but in twenty or thirty years, it could serve as the only surviving evidence of a neighborhood that no longer exists.

While these visual comparisons have gained widespread engagement online, the project is set to expand beyond digital space.

President Ilham Aliyev: Some traditional supply chains face certain risks

“Some of the traditional supply chains are at certain risk. So this is a great opportunity for local and foreign investments,” said President Ilham Aliyev at an event held as part of the 2nd Azerbaijan International Investment Forum.

“Having extra capacity of electric power, definitely, we look in two directions. First, how to use to maximum degree domestically with respect to AI data centers, and how to export,” the head of state added.

Bayramov highlights Azerbaijan’s growing role as transport hub between Europe and Asia

Azerbaijan’s Foreign Minister Jeyhun Bayramov has highlighted the country’s growing role as an important transport and logistics hub between Europe and Asia.

According to the Ministry of Foreign Affairs, Bayramov made the remarks during his address to the general debate of the 81st session of the UN General Assembly.

The minister said freight volumes along the Middle Corridor have increased by around 90 percent since 2022.

Bayramov noted that projects such as the Baku International Sea Trade Port and the Baku-Tbilisi-Kars railway are contributing to the development of more sustainable and diversified supply chains between Asia and Europe.

He also said the Digital Silk Road project would further strengthen Azerbaijan’s role as a regional digital hub.

The minister stressed that the Trump Route for International Peace and Prosperity (TRIPP), one of the outcomes of the 2025 Washington Summit, would provide unhindered multimodal connectivity between mainland Azerbaijan and the Nakhchivan Autonomous Republic while creating new opportunities for regional trade and economic integration.

Concluding his speech, he called for stronger global solidarity, more effective and reliable multilateralism based on international law, and the renewal of the system of cooperation.

“The multilateralism we believe in is principled, inclusive and, above all, capable of delivering concrete results,” Bayramov added.

Land of Fire comes alive to Katy Perry’s hits [PHOTOS]

Baku Crystal Hall was filled with music, lights and thousands of singing fans last night as Katy Perry brought her hit-filled show to the city.

Perry performed crowd favourites including “Roar”, “Firework”, “Dark Horse”, “Hot N Cold” and “I Kissed a Girl”, keeping the audience on its feet throughout the show. A striking stage setup, lighting and special effects added to the atmosphere.

Earlier in the day, the focus had been on the cars and the action at the Baku City Circuit. By evening, the spotlight shifted to Baku Crystal Hall, where the sound of racing engines gave way to Perry’s music.

The scale of the show reflected Perry’s international success. Her music has generated more than 115 billion streams worldwide, while she is also the best-selling female artist in Capitol Records’ history.

For her fans in Baku, seeing one of the world’s biggest pop stars perform live made the night a special part of the Azerbaijan Grand Prix weekend.

After a night of music, attention now returns to the track as the 10th anniversary Azerbaijan Grand Prix takes centre stage.

Naira ends week broadly stable after MPR reset

The naira ended the week broadly stable across foreign exchange (FX) market segments amid the Central Bank of Nigeria’s (CBN) reset of its benchmark interest rate, as stronger external buffers continue to support the local currency.

Data published by the CBN showed that the naira appreciated marginally by N1.69 week-on-week as the dollar was quoted at N1,329.51 on Friday, compared with N1,331.20 quoted on Friday last week at the Nigerian Foreign Exchange Market (NFEM).

On a day-on-day basis, the local currency weakened slightly by 84 kobo from N1,328.67 quoted on Thursday. Over the five trading days, however, the naira strengthened marginally by 29 kobo from N1,329.80 on Monday.

In the parallel market, also known as the black market, the local currency steadied at N1,385 per dollar. The gap between the official and parallel market rates narrowed slightly to N56, or 4.21 percent, on Friday from N57, or 4.29 percent, on the previous day.

Activity moderated in the week under review, with total turnover at the interbank segment of the FX market standing at $711.79 million on Friday. This compared with cumulative turnover of $2.74 billion recorded over the five trading days of the previous week.

Although the NFEM figures for the full week were not available as of the time of reporting, total turnover for the four trading days this week stood at $2.25 billion, while the updated figure for the five trading days last week was $2.74 billion. The number of deals stood at 1,351 in the four trading days this week, compared with 1,498 deals recorded over five trading days last week.

Nigeria’s external reserves, which give the CBN the firepower to support the naira and meet external obligations, have maintained a steady growth trajectory, rising to an 18-year high of $54.86 billion as of September 24, 2026.

This represented a 30 percent increase from the $42.29 billion recorded in the corresponding period of 2025, according to data published on the CBN website.

Azerbaijan, Russia review trade and economic cooperation

Azerbaijan’s Deputy Prime Minister Shahin Mustafayev has met with Russian Deputy Prime Minister Alexander Novak.

According to Azerbaijan’s Cabinet of Ministers, the sides discussed the current state and prospects for developing bilateral relations between Azerbaijan and Russia, particularly in trade and economic cooperation.

The meeting focused on cooperation in the industrial, energy, transport and logistics sectors.

FoodCo expands to 24 stores as convenience retail gains ground

FoodCo Nigeria Limited, an indigenous diversified consumer goods firm, has expanded its neighbourhood retail model as Nigerian consumers prioritise convenience and proximity when shopping for everyday goods, Ade Sun-Basorun, the company’s CEO, said.

Speaking at the opening of the company’s new neighbourhood store in Awakan, Ojoo, Ibadan, Sun-Basorun said modern retailers must bring quality products and services closer to consumers.

‘Neighbourhood retail is becoming increasingly important to the future of modern retail in Nigeria because consumers are not only asking what they can buy, but also how easily they can access it,’ he said.

The Awakan outlet brings FoodCo’s network to 24 stores across Oyo, Lagos and Ogun states.

The store combines the company’s supermarket and quick-service restaurant offerings, providing groceries, household products, fresh food, a grill house and an in-store bakery.

Sun-Basorun said the expansion was driven by research into local consumer needs rather than simply increasing the company’s store count.

The opening forms part of FoodCo’s continued expansion across South-West Nigeria as organised retailers increasingly adopt convenience-led formats.

Founded in 1982, FoodCo operates across retail, quick-service restaurants, manufacturing and entertainment, and employs more than 2,000 people.

JUST IN: Popular chieftain, Baba Alado of Mushin is dead

Popular land developer, Chief Taoridi Faronbi, otherwise known as Baba Alado is dead.

Baba Alado died on Saturday, September 26.

He has been laid to rest according to Muslim rites.

The funeral rites had in attendance Senator Ganiyu Olanrewaju Solomon, popularly called GOS; Chairman, Mushin Local Government, Tunbosun Aruwe; Chairman of Odi-Olowo/Ojuwoye Local Council Development Area (LCDA), Dr. Oluseyi Jakande, others.

Until his death, Baba Alado, who is a chieftain of the All Progressives Congress, is also the head (Olori Ebi) of Alagbeji Royal family in Papa Ajao, Mushin, Lagos.

He was a major force in Lagos politics, social circles and the transport sector. He was widely respected as a leader within the National Union of Road Transport Workers (NURTW)

He was the Akinrogun of Isolo Kingdom and the Babaloja of Aswani Market.

Baba Alado is not just popular but influential. Many musicians including K1 de Ultimate, Osupa, Pasuma and many others sing his praise.

Known by his supporters as a grassroots mobilizer and power broker, Chief Faronbi’s influence stretched across Mushin and beyond for decades.

A statement by the Executive Chairman, Mushin Local Government, Hon. Tunbosun Haruna Aruwe, eulogised Baba Alado’s contributions to the political and community life of Mushin people.

He said: ‘It is with a deeply saddened heart and a profound sense of loss that I extend my heartfelt condolences to the family of Late Chief Alhaji Taoridi Faronbi (Alado), my father figure, my mentor, my leader and our respected political stalwart, who passed away today, 26th September, 2026.

‘His death is not only a great loss to his immediate family, but also a painful loss to me personally. Late Chief Alhaji Taoridi Faronbi was more than a political associate; he was a father figure, a trusted elder and a man whose guidance, wisdom, fatherly counsel and presence meant so much to me.

‘His passing has left a great void that words cannot adequately express. I will forever cherish the memories of his fatherly love, advice, encouragement and the invaluable moments we shared. His contributions to the political and community life of our people will also remain part of the legacy he leaves behind.

‘At this difficult moment, my thoughts and prayers are with the entire Faronbi family. I pray that Almighty Allah grants the family the strength, courage and Sabr to bear this irreparable loss.

‘May Almighty Allah forgive his shortcomings, accept his good deeds, grant him Al-Jannatul Firdaus, illuminate and expand his grave, and make it a place of peace and comfort.

‘May Allah comfort his children, grandchildren, relatives, friends, associates and all of us who mourn his passing. May He grant us the strength to preserve and honour the good legacy he has left behind.

‘Alhaji Taoridi Faronbi (Alado), you will be deeply missed, but your memories, fatherly counsel and legacy will forever remain in our hearts. May Almighty Allah grant him eternal rest and grant the entire Faronbi family strength and comfort at this difficult time.’