Connect with us

Breaking News

Nigerian Catholic Bishops condemn abuse of IVF treatment, ask FG to regulate fertility clinics

Published

on

Catholic Bishops in Nigeria have frowned at the abuse of In Vitro Fertilization, IVF, treatment among couples, urging the Federal Government to regulate fertility clinics in the country.

The Catholic Bishops made the call at the opening session of the 2nd 2025 plenary of Bishops’ Conference at the Catholic Diocese of Ikot Ekpene, in Obot Akara, Akwa Ibom State, on Sunday.

In his address, the President of Catholic Bishop Conference of Nigeria, CBCN, Archbishop Lucius Iwejuru Ugorji highlighted four areas of concern to the Church which should be addressed.

He listed the areas to include erosion of education in the country, abuse of In Vitro Fertilization, IVF, treatment among couples, oil exploration and exploitation in the Niger Delta as well as environmental degradation in the area.

Ugorji equally called on each diocese and religious congregation to benchmark their schools against the national minimum standards set by the Federal Government, establish their strengths and weaknesses, and identify areas for improvement.

He said, “Now that the government has issued a new national policy on non-state schools to set national minimum standards, we want to look into the erosion of educational standards taking place in miracle examination centers across the country, where examination malpractice is facilitated in the final examinations conducted by WAEC and NECO, respectively.

“These centers undermine the integrity of the education system in Nigeria and should be called to order.”

The Archbishop also called on the Nigerian government to regulate the proliferation and activities of fertility clinics in the country, saying though some of them are run by professionals, many are manned by unqualified and unlicensed practitioners, making clients who patronize them risk financial exploitation, medical complications, permanent infertility and even death.

“This situation urgently calls for government’s regulation and ethical guidelines,” he said.

Highlighting the moral implications of IVF treatment among Catholic faithful, Archbishop Ugorji regretted that even university students sell their eggs and sperms to fertility clinics as commodities for IVF procedures in the quest for money.

“It is therefore important to draw their attention to the teaching of the Church which considers IVF greatly immoral. Apart from its separation of the unitive and procreative aspect of the marital act, the Church teaches that each human being and each human embryo has an inherent dignity and a right to life and opposes any procedure that commodifies it or leads to its disposal or uses it for its verification,” he said.

On the environmental pollution and degradation in the Niger Delta region following persistent oil spillage, gas flaring and mining activities, the CBCN President called for intensive ecological education and government interventions for clean-ups and rehabilitation of impacted communities.

Earlier in his homily, the Catholic Bishop of Ikot Ekpene Diocese, Bishop Camillus Umo harped on the need for unity irrespective of different cultural backgrounds adding that with unity and love, issues of conflict and disharmony would be tackled in the country.

President Bola Tinubu, represented by the Secretary to Government of the Federation, SGF, George Akume, in his remarks acknowledged the role of faith leaders in moulding character and development of the society.

He called on them to continue preaching messages of peace and actively discourage extremism, hatred, and divisive tendencies among members.

The Senate President, Godswill Akpabio commended the Catholic Church for complementing the efforts of government especially in areas of education and health.

Akpabio, who was the chairman on the occasion, said through such collaboration, the Federal Government has widened access to education through the Student Loan Act.

In his goodwill message, the Governor of Akwa Ibom, Pastor Umo Eno urged the Church to maintain a united front for societal development even as he commended the Catholic Church for its commitment to humanitarian service beyond the scope of government.

“Catholic church can best be described as the single largest non-governmental investor in education, healthcare, and social support across the nation,” the governor noted.

Quickly! Watch The Video Before It’s Deleted! |Save Hot 3:00 Minutes $3x V!de0s To Ur Phone Directly | Watch 2:00 H0t $3x V!d0es Now!

Quickly! Watch Before It’s Deleted! Another Popular Nigeria Pastors Wife $leeps With Male Church Member, Husband Engaged In Physical Compact Him. Watch The Full Video Here Now.

Continue Reading

Breaking News

National Pension Commission (PenCom) changes price disclosure rule

Published

on

National Pension Commission (PenCom) has directed Pension Fund Administrators (PFAs) to discontinue the publication of daily unit prices for Retirement Savings Account (RSA) and Retiree Funds on their websites, replacing the requirement with a six-month disclosure of returns based on a three-year rolling average.

The directive was contained in a circular issued by the commission.

Under the new guideline, PFAs must stop implementing Section 2.0 (iv) of the Commission’s March 23, 2013 circular, which required them to display daily unit prices for the last seven days.

Instead, they are to publish on their websites the last six months’ rate of return — calculated as a 36-month compounded rolling average in line with the Circular for the Calculation and Reporting of Rate of Returns by Licensed Pension Fund Operators (LPFOs).

According to the commission, the rate of return must be clearly displayed on the homepage of each PFA’s website.

For instance, the six-month disclosure covering April to September 2025 would reflect the 36-month compounded returns ending in each of those months.

This has however raised transparency concerns in the pension industry.

The 2013 circular on Minimum Information to be displayed on PFA Websites formed part of PenCom’s transparency framework for the Contributory Pension Scheme.

The latest addendum modifies that requirement but does not remove PFAs’ obligation to disclose performance information.

Industry watchers say the development may reignite debate over the balance between long-term investment reporting and real-time transparency in Nigeria’s pension industry.

All enquiries on the addendum, the Commission said, should be directed to its Surveillance Department.

An industry analyst who does not want her name mentioned said the move could reduce contributors’ access to real-time performance data.

She said: “Daily unit prices allowed RSA holders to independently track short-term movements and detect fluctuations in fund valuation.

“With only a three-year rolling average now required, contributors will no longer see recent performance in isolation”, she noted.

The analyst added that while pension funds are long-term vehicles, removing daily disclosure raises concerns about information asymmetry.

“PFAs will still compute daily valuations internally. The issue is whether contributors should be denied access to data that already exists,” the analyst said.

However, another pension expert defended the directive, noting that pensions are structured for long-term accumulation and should be assessed over extended periods.

“A 36-month rolling average smooth’s out short-term volatility and provides a more accurate reflection of sustained performance,” the expert said, warning that excessive focus on daily fluctuations could encourage reactionary fund switching.

Continue Reading

Breaking News

Dollar rises in black market on Monday, traders quote new exchange rate

Published

on

Dollar edges higher against the naira in black market trading Dollar edges higher against the naira in black market trading

The United States dollar at the parallel market increased in value on Monday, Febuary 23 with traders quote at N1,375/$ as the new selling exchange rate.

The new rate is a slight depreciation for the naira when compared to N1,343 a dollar market closed on Friday, February 20, 2026.

Abdulahhi, a forex dealer, told Legit.ng that the new exchange rate follows renew demand in the market.

“I am currently selling dollars at N1,375/$1 and buying at N1,355/$1. The pound is trading at N1,845 to sell and N1,805 to buy, while the euro is also moving steadily in the market.

“It seems this week the dollar will return to over N1,400. I have been getting a lot of request.”

The fall of the naira comes as BDC operators continue to face difficulties in accessing dollars from commercial banks.

BDCs can get dollar

The apex bank had previously issued a circular allowing licensed BDCs to access foreign exchange through authorised dealers at the prevailing market rate.

Under the directive, each BDC is permitted to purchase up to $150,000 weekly, subject to Know Your Customer (KYC) requirements and due diligence checks, Punch reports.

Leadership reported that despite a policy announcement, some operators disclosed that no transactions have been completed under the new arrangement.

A BDC operator, who requested anonymity, said the directive remains largely unimplemented. According to him, the circular provides that disbursements will be made through settlement accounts, a provision that has raised operational concerns.

He questioned the feasibility of seamless, real-time transfers between domiciliary accounts across different banks, noting that such infrastructure may not yet be fully in place.

The operator added that while commercial banks appear supportive of the policy, many are still developing internal processes to align with the CBN’s directive.

He explained that BDCs are required to submit bid orders through their banks, which would then access the market on their behalf.

Naira in the official market

Meanwhile, in the Nigerian Foreign Exchange Market (NAFEM), the naira closed against the US dollar on Friday, February 20 at N1,346.32/$1 from N1,341.35/$1 a day earlier.

At the GTBank FX desk, the naira weakened by N7 against the dollar to quote N1,356/$1.

Continue Reading

Trending

Copyright © 2026 Naijacoaded | All Right Reserved | Powered by Naijacoaded.com |