General
Stakeholders in Zambia for Bloomberg Africa Business Media Innovators Summit
By Modupe Gbadeyanka
Several stakeholders in the media industry in Africa are gathering to explore issues and challenges impacting the future of media on the continent under the overarching theme, ‘Africa 2025: The Media Landscape of the Future’.
The participants are meeting for the fourth Bloomberg Africa Business Media Innovators forum taking place in Livingstone, Zambia.
The summit is hosting more than 90 international media, technology, business and government and community leaders from 21 countries.
Convened by Bloomberg Philanthropies and hosted by Matthew Winkler, Co-Founder and Editor-in-Chief Emeritus, Bloomberg News and Scott Havens, Global Head of Digital and Media Distribution, Bloomberg Media, this year’s summit will focus on key themes impacting the evolving global media landscape, including business models of the future, how to finance a rapidly changing industry and media’s opportunities and obstacles in The Fourth Industrial Revolution.
Participants will also hear from a group of young disruptors on their experiences and predictions about the future of African media.
“As African economies continue to grow and play an increasing role in the global economy, the need for robust, accurate business journalism and financial analysis is more important than ever before,” Matthew Winkler, Co-Founder and Editor-in-Chief Emeritus, Bloomberg News, said. “Every year, this summit leads to dynamic and engaging discussions about the current state and future of African media; I am looking forward to participating in these conversations over the coming days.”
Speakers at this year’s convening include media owners, senior editors, investors, business leaders, government officials and community leaders from countries across the continent and beyond, including: Angola, Botswana, Ethiopia, Ghana, Madagascar, Mali, Nigeria, South Africa, Uganda, U.S.A. and Zambia. Honorable Dora Siliya, Minister for Information and Broadcasting Services, Zambia, opened Monday’s program with a welcome address.
“We are pleased to host Bloomberg’s Africa Business Media Innovators summit here in Zambia,” said Honorable Dora Siliya, Minister for Information and Broadcasting Services, Zambia. “As Zambian and African economies continue to evolve and grow more complex, it is key that journalism across the continent develops accordingly. I believe in the transformative power of the media and I am confident that the conversations taking place today and tomorrow will help us continue to drive growth.”
The latest edition of ABMI follows successful gatherings in Ghana (2017), Kenya (2016) and South Africa (2015), where international media owners and operators, investors and government officials addressed the importance of a robust financial journalism sector and the value of data and data-related technologies to drive international investment and economic growth.
The annual event series is a component of the Bloomberg Media Initiative Africa (BMIA), a pan-African program launched by Michael R. Bloomberg to strengthen media capacity, promote innovation in the sector and improve access to high-quality data and information on the continent.
Some of the speakers at the forum include Yinka Adegoke, Africa Editor, Quartz; Frank Aigbogun, CEO, Business Day Media Ltd; Bunmi Akinyemiju, CEO, Venture Garden Group (VGG); Addis Alemayehou, Founder and CEO, 251 Communications and Co-founder, KANA TV.
Others are Uchenna Jennifer (Uche) Pedro, Founder, BellaNaija; Mamadou Gouro Sidibe, Entrepreneur and Founder, Lenali; Honorable Dora Siliya, Minister for Information and Broadcasting Services, Zambia; Leo Stiegeler, General Manager, Swiss Ringier Africa AG; Wiebke Toussaint, Co-founder and Director, Engineers Without Borders South Africa, Data Scientist at the University of Cape Town; Sheel Tyle, Founder and CEO, Amplo; Lesley Donna Williams, CEO, Tshimologong Precinct; Matthew Winkler, Editor-in-Chief Emeritus and Co-Founder, Bloomberg News; and Kabiru Yusuf, CEO and Editor-in-Chief, Media Trust Limited.
General
IFMA Nigeria Gets Branch in Oyo, Picks Adejumo Olusola Babatunde as Coordinator
By Modupe Gbadeyanka
A new branch of the International Facility Management Association (IFMA) Nigeria Chapter has been established in Oyo State, with Mr Adejumo Olusola Babatunde chosen as Coordinator.
The organisation set up an arm in the South-West state in a bid to expand its footprint in the country. Mr Babatunde will be assisted by other executive committee members, including Mr Ajiboye Olusola Akeem as Secretary, and Mrs Adeniran Olaide as Treasurer.
At the inauguration of the branch at the Nigerian Society of Engineers (NSE) Secretariat in the Akobo area of Ibadan, the Oyo State capital, the president of IFMA Nigeria, Mr Sheriff Daramola, expressed delight at the successful inauguration of the branch and commended members for their commitment to the growth of facility management in Nigeria.
He highlighted IFMA’s global heritage, noting that the association is supporting over 25,000 members in more than 140 countries worldwide. Mr Daramola emphasised IFMA’s strong global network, the world’s largest and most widely recognised association for facility management professionals, headquartered in the United States and its growing influence in Africa, the Middle East and Europe.
“IFMA members have taken positions of authority across federal, state, and private institutions; IFMA Nigeria is positioned to ensure our professionals are the first choice for global investors entering the Nigerian market,” he stated.
The Legal Adviser of IFMA, Nigeria, Mr Sola Fatoki, who shared this sentiment, said, “Since 1997, when IFMA Nigeria was established, the association has equipped facility management professionals with integrated knowledge spanning human behaviour, infrastructure, and the built environment.”
He encouraged engineers, architects, surveyors, ITC, Technology innovators, data analysts and allied professionals to see IFMA as their professional home and outlined the functions and responsibilities of branch executive committees.
In his remarks, Mr Babatunde expressed gratitude to the national council for the opportunity to serve and pledged to ensure the success of the branch, focusing on unity and the professional advancement of stakeholders in the region.
General
We Didn’t Recommend Ceding Disputed Oil Wells to States—RMAFC
By Adedapo Adesanya
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has denied reports that some disputed crude oil and gas wells have been recommended for ceding to specific oil-producing states.
In a statement issued on Sunday, the chairman of the commission, Mr Mohammed Shehu, said the attention of RMAFC had been drawn to a “purported report allegedly issued by the Inter-Agency Committee on the Verification of Coordinates of Disputed Crude Oil and Gas Wells between States,” which was circulating in sections of the national media (excluding Business Post).
The agency described the report as “misleading, premature, and does not represent the position or conclusions of the Commission.”
“At this stage, there is no finalised recommendation or decision regarding the ceding or reallocation of any oil wells, as due institutional processes are still ongoing,” the statement read.
The organisation explained that it operates a clearly defined and transparent procedure in handling assignments of national significance, stressing that the process on the disputed oil wells had not been concluded.
It disclosed that it only received a draft report from the Federal Government’s Inter-Agency Committee on Nigeria’s Oil-Producing States on Friday, February 13, 2026, which reportedly projected Cross River State as an oil-producing state.
The report, covering the nationwide 2017–2025 verification of crude oil and gas coordinates, was presented to the Chairman of RMAFC by 10 of the 14 members of the committee.
The exercise, which ran from August 2025 to February 2026, involved extensive field verification, technical reconciliation of state submissions, and a final plenary plotting of coordinates at RMAFC headquarters between January 24 and 31, 2026.
“Consistent with established protocol, the draft document has been transmitted to relevant technical and statutory stakeholders, namely the Nigerian Upstream Petroleum Regulatory Commission, the National Boundary Commission, and the Office of the Surveyor General of the Federation, for detailed review, observations, and technical input,” the commission stated.
According to the statement, after the observations and recommendations of the agencies are received, the matter will be subjected to further scrutiny by the commission’s internal tripartite committees, comprising the Committee on Crude Oil, Gas and Investment and the Legal Matters Committee.
“These committees will undertake comprehensive technical and legal reviews before presenting their findings to the Plenary Session of RMAFC for deliberation and final recommendations,” it added.
The commission further explained that upon completion of the institutional processes, its final report would be formally transmitted to the President and the Attorney-General of the Federation for necessary consideration and further action in line with applicable laws and constitutional provisions.
General
Social Media Platform X Suffers Outages Globally
By Adedapo Adesanya
Social media platform, X, formerly known as Twitter, suffered an outage globally on Monday as millions of users could not use the service.
The widespread outages have been reported by thousands of users across several countries, including Nigeria, the United States, the United Kingdom, Turkey, and India, among others.
According to data from Downdetector, a website that tracks service disruptions based on user reports, complaints about access to X started to pick up around 1:00 p.m. local time in Nigeria.
The cause of the outage was not immediately clear, and X has not put out any comment, but users told Business Post that the platform is not loading or cannot be reached, and the pattern of complaints suggests the issue is not limited to a single region.
Its developer platform status page stated “all systems are operational” all morning despite the reports.
The outage is the latest to hit internet services. X suffered a similar outage in March 2025, while a Cloudflare service outage caused access problems and downtime for various websites, including X, last November.
Microsoft’s Azure had also faced an issue last year, while disruption at Amazon AWS caused global turmoil among thousands of websites and some of the most popular apps, such as Snapchat and Reddit in October
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