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Toyota Acknowledges More Certification Cheating

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Japanese automaker Toyota, reported Wednesday more cases of cheating on certification tests for new models required by the Japanese government, on top of those acknowledged earlier.

In the latest report, Toyota Motor Corp. said it failed to carry out proper certification on seven models, including the Camry sedan and RAV 4 sport utility vehicle. The false tests included pedestrian protection, side collisions and steering impact.

No safety problems were associated with the misconduct and people who own Toyota vehicles don’t need to take any action, according to Toyota. Toyota’s overseas production was not affected.

Toyota’s chairman, Akio Toyoda apologized in June while announcing massive testing irregularities involving six models, including the Crown and the Lexus RX luxury models. Production of some models in Japan was halted.

“It is with deep regret that we were not able to properly conduct our certification operations, and we apologize to our stakeholders for any concern or inconvenience this may have caused them,” Toyota said in a statement.

Toyota said workers did not clearly understand the rules for preparing documents required for certification applications or the basic importance of such work. Managers also lacked that understanding and were not adequately involved.

The company was carrying out an internal investigation after the earlier mishap, trying to correct the problem, when the latest oversight surfaced.

The wide-ranging fraudulent testing, which surfaced earlier at Japan’s top automaker, involved the use of inadequate or outdated data in collision tests and incorrect testing of airbag inflation and rear-seat damage in crashes. Engine power tests also were falsified. The deceptive test results were also found on discontinued models.

Similar fraudulent tests were found at Mazda Motor Corp. and Honda Motor Co., and at Toyota group makers Hino Motors and Daihatsu Motor Co.

Toyota reported the latest findings to the government and renewed its promise to correct its corporate culture and its work habits.

Production of the Corolla Fielder, Corolla Axio and Yaris Cross, all small models for the Japanese market, has been suspended since June 3. It is scheduled to resume in September once the transport ministry confirms they comply with standards.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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Nigerian Capital Market Posts Strong 2025, Faces 2026 Uncertainties

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By Omoniyi David

The Nigerian capital market recorded one of its strongest performances in 2025, earning global recognition after delivering exceptional returns and attracting increased investor interest.

As attention shifts to 2026, analysts are assessing whether the rally can be sustained amid political and policy uncertainties.

The market closed 2025 with an average equities return of 51.19 per cent, placing Nigeria among the world’s top five performing stock markets.

The Nigerian Exchange All Share Index posted a net capital gain of N32.13 trillion, outperforming several major economies where average returns remained below 25 per cent.

Capital raising activities rose to about N7 trillion, reinforcing the market’s role as a key funding source for government and corporate expansion.

Trading volumes also hit record levels, supported by strong activity in both the primary and secondary markets.

The debt market remained resilient, with companies increasingly relying on capital market instruments amid high interest rates. Commercial paper issuances alone reached nearly N1 trillion, largely driven by private firms.

The positive momentum has extended into 2026, with equities valuation approaching N100 trillion despite early year spending pressures. Analysts, however, caution that the year presents a mix of opportunities and risks.

As a pre election year, 2026 will see heightened political activity alongside the first full implementation of new capital market and tax laws. While the reforms are expected to strengthen regulation, analysts warn that policy interpretation and execution could influence investor sentiment, especially foreign portfolio flows.

Market watchers are also focusing on banking and insurance sector recapitalisation, which is expected to drive equity issuances, mergers and acquisitions in the first half of the year.

Analysts say sustained policy stability and effective implementation will be critical in determining whether the market extends its rally or enters a period of adjustment.

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Adeyanju Restates Commitment to People-Focused HR Solutions, Social Impact

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By Oso Abidemi 

Rimini Abarshi Adeyanju, Founder and Chief Executive Officer of Mini Option Consulting Ltd, has reaffirmed her commitment to people-centred business solutions, leadership development, and community impact.

Adeyanju, a business professional and human resources consultant, said Mini Option Consulting is driven by the belief that people are the foundation of every successful organisation.

The firm provides recruitment, outsourcing, and workforce solutions aimed at helping businesses grow sustainably through integrity, professionalism, passion, teamwork, and continuous development.

Beyond her professional work, Adeyanju highlighted her humanitarian efforts, revealing that she has run a food-sharing initiative for the past four years to improve access to affordable food and support vulnerable members of society.

She described the initiative as a journey rooted in consistency, community, and giving back.

She also expressed passion for lifelong learning, leadership, and creating meaningful impact both in business and everyday life, noting that her platform will focus on HR insights, entrepreneurship, career growth, and community initiatives.

Adeyanju said she looks forward to connecting and collaborating with like-minded individuals and organisations, describing her space as one where purpose, people, and professionalism meet.

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