Author: Ifetayo Adeniyi

President of the United States, Donald Trump.  Elegbede Abiodun The President of the United States, Donald Trump, has said that a record 19 million barrels of oil flowed out of the Strait of Hormuz on Monday. According to Trump on Tuesday, oil prices are tumbling as a result of the oil flow through Hormuz. “19 million barrels of oil flowed out of the Hormuz Strait yesterday, an all-time record. Oil prices are tumbling down, and the world is a much safer place,” Trump said in a post on his social media handles. According to oilprice.com, Brent crude fell to $76.75…

Oluremi Tinubu. Photo: File Elegbede Abiodun First Lady Oluremi Tinubu Celebrates RHI Anniversary With 27,000 FCT Beneficiaries. The First Lady, Mrs Oluremi Tinubu, in Abuja, on Tuesday, urged girls and young women nationwide to never stop dreaming, saying the absence of personal vision was one of the greatest obstacles to human achievement. This is as at least 27,345 residents of the Federal Capital Territory benefited from her Renewed Hope Initiative, as the pet project marked three years of operations in the FCT. Tuesday’s gathering, tagged ‘Our Stories, Her Impact,’ was convened by the office of the First Lady in conjunction…

Lagos State Government Logo. Photo: State Government The Lagos State Government has inaugurated the third edition of its Agrithon programme, unveiling a N200m funding package aimed at supporting youth-led innovations and agribusinesses across the food systems value chain. The initiative, tagged Lagos Agrithon 3.0, is designed to provide young agripreneurs with funding, mentorship, technical support, networking opportunities and market access to help transform innovative ideas into sustainable businesses. Speaking at the launch, the Commissioner for Agriculture and Food Systems, Abisola Olusanya, said the programme was created to address challenges confronting young innovators, particularly limited access to finance, markets, technical expertise…

Central Bank of Nigeria. Photo: CBN * Figure represents a year-on-year increase of N559.16bn from N4.63tn recorded in May 2025. Cash held outside Nigeria’s banking system rose to N5.19tn in May 2026, despite the Central Bank of Nigeria’s sustained push for digital payments and financial inclusion. Latest money and credit statistics from the CBN showed that currency outside banks increased by N109.34bn, or 2.15 per cent, from N5.08tn in April 2026 to N5.19tn in May. The figure also represented a year-on-year increase of N559.16bn, or 12.07 per cent, from N4.63tn recorded in May 2025, indicating that Nigerians continued to keep…

Nigerian Communications Commission The Nigerian Communications Commission (NCC) has opened a public consultation on a proposed framework that could allow students and teachers in Nigeria to access selected educational websites and digital learning platforms without incurring data charges. The initiative, known as the Zero-Rated Access to Educational Platforms and Content, is aimed at reducing the cost of online learning and improving digital access for students who are unable to afford regular internet usage for education purposes. In a public notice issued yesterday, the Commission said the move is part of its commitment to a participatory regulatory process involving industry stakeholders,…

 L-R: Relationship Manager, Fidelity Bank Plc, Murtala Muhammed Road Branch, Kano, Victor Ngwu; Export Management Programme (EMP 19) participant, Abayomi Adewuyi; Facilitator, Gemma Ejiofor; Senior Fellow and Head, Department of Organisational Behaviour and Human Resources Mgt., Lagos Business School (LBS), Dr. Uche Attoh; Director, Export Management Programme, LBS, Prof. Frank Ojadi; and Team Lead, Export & Agriculture, Fidelity Bank Plc, Emmanuel Nwalor, during the closing ceremony of the 19th edition of the Fidelity Bank Export Management Programme (EMP 19) held recently at Lagos Business School, Lagos. Fidelity Bank Plc has reiterated its commitment to strengthening Nigeria’s economic diversification agenda through…

Super Eagles coach Eric Chelle Chelle Takes Charge of Olympic Eagles Coach Job. Chairman of the National Sports Commission, Shehu Dikko, has confirmed that Super Eagles head coach, Eric Chelle, will remain in charge of Nigeria’s senior national team and also handle the U-23 team after both parties reached an agreement on a new contract. Dikko disclosed this on Tuesday following a meeting between officials of the National Sports Commission and the Nigeria Football Federation in Abuja, where plans for the future of the national teams were discussed. Chelle’s initial two-year contract is due to expire at the end of…

Wema Bank has entered into a €50 million (N78.5 billion) financing agreement with the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a focus on women- and youth-owned businesses. The agreement was signed recently at the bank’s headquarters in Lagos, marking the first transaction between EIB Global and Wema Bank, according to a statement yesterday. According to both institutions, the facility was aimed at supporting eligible businesses across Nigeria, with at least 50 per cent of the loans earmarked for youth-owned enterprises to promote entrepreneurship, job creation and inclusive…

OPay Drives Financial Inclusion as Nigeria Aims 95% Access by 2028 As Nigeria targets approximately 95 per cent financial inclusion by 2028 under Payment System Vision (PSV) 2028 of Central Bank of Nigeria (CBN), fintech company, OPay, is increasingly being recognised as a key enabler of the country’s drive towards a more inclusive and digitally connected economy. CBN recently unveiled PSV 2028, a comprehensive framework, under the core message, “Empowering People, Connecting Markets, Growing the Economy,” designed to strengthen Nigeria’s payment ecosystem through enhanced infrastructure, innovation, interoperability, security, and financial inclusion. At the heart of the vision is the recognition…

Nigerians in Diaspora Laud Contactless Passport Initiative. Nigerians living in the United Kingdom have lauded the Federal Government over reforms in the country’s passport application process, saying the introduction of the contactless renewal system has dramatically cut waiting times from several months to as few as five days. Speaking from different cities across the UK, diaspora Nigerians described the new system as a significant departure from what they called years of frustrating delays, long-distance travel, and bureaucratic bottlenecks that once defined the passport renewal experience abroad. Timileyin Gbenga, a Nigerian community figure based in Birmingham, said he experienced both systems…