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More than nine out of every ten naira in circulation remains outside the formal banking system despite aggressive digital payment initiatives. The latest Money and Credit Statistics released by the Central Bank of Nigeria revealed that cash held outside banks climbed to N5.19tn in May. This figure marks a steady increase from the N5.08tn recorded…
The federal government has issued fresh refined product import permits to independent marketers for the third quarter of 2026. The Nigerian Midstream and Downstream Petroleum Regulatory Authority approved the licenses to prevent potential domestic fuel shortages between July and September. The tactical intervention follows a noticeable decline in national fuel stock levels over the past…
The Lagos State Government has launched a N200m grant to support young agricultural entrepreneurs across the state. Governor Babajide Sanwo-Olu announced the financial intervention scheme during the closing ceremony of the Agri-Exploration Programme on Tuesday. The initiative targets small and medium-scale agricultural enterprises managed by youths to boost local food security. State officials designed the…
Prominent leaders of the National Democratic Coalition have fiercely rejected historical claims made by former Head of State, General Abdulsalami Abubakar. The pro-democracy veterans, Colonel Tony Nyiam and Chief Ayo Opadokun, dismissed assertions published in the general’s new autobiography, Call of Duty. Abdulsalami claimed that NADECO figures privately lobbied him in 1998 to extend military…
Ghanaians took to the streets in celebration after the Black Stars held England to a scoreless draw at the World Cup. The disciplined defensive display unfolded on Tuesday evening before sixty-four thousand spectators at the Gillette Stadium near Boston. Thomas Tuchel’s side dominated large phases of the Group L encounter but failed to convert their…
The United Nations has launched a massive operation to rescue more than 11,000 seafarers stranded in the Strait of Hormuz. The International Maritime Organisation announced the evacuation plan on Tuesday following a diplomatic breakthrough between Washington and Tehran. Heavily armed Iranian forces blocked the strategic chokepoint in late February, trapping hundreds of civilian vessels. The…
Cristiano Ronaldo has become the first player in football history to score in six separate World Cup tournaments. The 41-year-old Portugal captain achieved the historic milestone by netting a brace against Uzbekistan in Houston on Tuesday evening. His goals helped propel the European giants to an emphatic 5-0 victory, reviving their Group K qualification campaign….
Niger has officially submitted its formal request to withdraw from the International Criminal Court. The tribunal in The Hague confirmed on Tuesday that it received the instrument of withdrawal from the junta-led West African nation. General Abdourahamane Tiani submitted the documentation on June 18, initiating a twelve-month exit timeline. The official departure will take effect…
Former Kaduna State Governor Nasir El-Rufai has chosen to file a no-case submission in his criminal trial for alleged wiretapping. His defence lawyer, Paul Erokoro, announced the decision before the Federal High Court in Abuja on Tuesday. The move followed an announcement by the Department of State Services that it had concluded its prosecution. State…
Nigerian civil servants have demanded an immediate 400 per cent increase in the national minimum wage to counter severe economic hardship. The Joint National Public Service Negotiating Council announced the position following a two-day national retreat in Osogbo, Osun State. Union leaders insist the current N70,000 monthly baseline leaves public workers entirely unable to cope…
