The Federal University of Technology, Akure (FUTA), has won the 2026 edition of the Young Ocean Scholars University Research Competition held in commemoration of World Hydrography Day under the aegis of the National Hydrographic Agency. Team FUTA, consisting of three members—Dr. Ifechukwu Nzelibe, a lecturer, and two students, Adepoju Jethro and Aborisade Ayomiposi, all from the Department of Surveying and Geoinformatics, emerged as winners of the research competition organised by the National Hydrographic Agency at the Lagos Oriental Hotel on Saturday, June 20, 2026. The research was centred on the theme for the 2026 World Hydrography Day celebration, “Transforming How…
Author: Abdoulaye Kay
Nigeria’s broad money supply (M3) rose to N129.21 trillion in May 2026, reflecting continued expansion in liquidity within the financial system despite the Central Bank of Nigeria’s (CBN) sustained monetary tightening measures aimed at curbing inflation. Latest monetary data released by the apex bank showed that broad money supply increased from N124.99 trillion recorded in April to N129.21 trillion in May, representing an increase of N4.22 trillion within one month. The latest figure also marks the highest level recorded in the country’s monetary history. Broad money supply, also known as M3, measures the total amount of money circulating in the…
Despite sustained efforts by the government and financial institutions to deepen digital payments and financial inclusion, Nigerians continue to hold significant amounts of cash outside the formal banking system, with the figure rising to N5.19 trillion in May 2026. Latest Money and Credit Statistics released by the Central Bank of Nigeria showed that currency held outside banks increased from N5.08 trillion recorded in April to N5.19 trillion in May, representing a month-on-month increase of N109.34 billion or 2.15 per cent. The development underscores the continued reliance on cash transactions across the country, despite years of investments in digital payment infrastructure…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, on Tuesday, received the Global CEO of MasterCard, Michael Miebach. Though details have not been made available as of the time of filing this report, ASHENEWS understands that Miebach’s visit underscores MasterCard’s interest in deepening its engagement with Nigeria’s financial sector and digital economy. According to reports, Mastercard told Nigerian officials that it currently facilitates about $2 billion in foreign exchange inflows into Nigeria annually through its various payment and remittance platforms. The company also highlighted its anti-fraud capabilities, noting that its technologies help prevent nearly $200 billion worth…
The Concerned Fulani People of Nigeria (CFPN) has urged Fulani pastoralists across the South-West to sustain their cooperation with security agencies and local authorities by exposing criminal elements operating within their host communities. The call was made by the group’s convener, Ibrahim Barkindo Chubado, in a statement issued on Tuesday, following recent remarks by Yoruba nation activist, , popularly known as Sunday Igboho, concerning security challenges in parts of Oyo State. According to the group, Fulani pastoralists engaged in cattle rearing and other livestock-related activities should continue collaborating with government authorities and security agencies to promote peace and ensure the…
Etoro Bassey on Saturday emerged champion of the women’s singles event at the 2026 Central Bank of Nigeria (CBN) Open National Tennis Championship after defeating Success Ogunjobi 3-6, 6-0, 6-3 in the final. The grand finale of the 47th edition of the championship was held at the tennis courts of the Moshood Abiola National Stadium, Abuja. Bassey began her title campaign in the Round of 32 with a 6-1, 6-0 victory over Khadijat Salami before defeating Mary Azi 6-3, 6-4 in the Round of 16. She continued her impressive run in the quarter-finals, overcoming Nenrot Suwa 6-1, 6-0 to reach…
Success Ogunjobi will continue her quest for another major title when she takes on Khadijat Mohammed in the women’s singles semi-final of the ongoing 2026 CBN National Open Championship in Abuja on Friday. Ogunjobi has been in impressive form throughout the championship, dropping only five games on her way to the last four. The youngster began her campaign in the round of 32 with a commanding 6-0, 6-0 victory over Bunmi Are before defeating Gloria Samuel 6-0, 6-3 in the round of 16. She maintained her dominance in the quarter-finals, dispatching Mary Udofa 6-2, 6-0 to secure her place in…
Internally displaced persons (IDPs) in Machika and Danko camps in Danko Wasagu Local Government Area of Kebbi State have received dignity kits through a humanitarian intervention supported by the Swedish International Development Cooperation Agency (SIDA) and implemented by the United Nations Children’s Fund (UNICEF) in collaboration with the Kebbi State Rural Water Supply and Sanitation Agency (RUWASSA). The intervention targeted vulnerable households affected by insecurity and displacement, with 100 beneficiaries reached in each of the two camps. The dignity kits, designed to improve hygiene, well-being, and living conditions in emergency settings, contain sanitary pads, soap, detergent, panties, towels, buckets with…
Iran’s spiritual leader, Mojtaba Khamenei, has endorsed the recently signed memorandum of understanding between Iran and the United States, while emphasizing that Tehran will closely monitor the implementation of the agreement and resist any excessive demands from Washington. In a statement addressed to the Iranian people, Khamenei said the agreement was reached after extensive efforts by Iranian officials, whom he commended for acting with concern for national interests and good intentions. The spiritual leader revealed that he had initially held reservations about the deal but ultimately granted approval based on assurances provided by Iran’s president and members of the Supreme…
The Nigerian naira strengthened against the British pound on Friday, appreciating to about ₦1,825 per pound in the official foreign exchange market as growing political uncertainty in the United Kingdom continued to weaken the British currency. Market data indicated that the naira has recorded a notable improvement against the pound in 2026, rising by roughly 7 per cent from its opening level of around ₦1,949/£1 at the beginning of the year. The latest appreciation reflects a combination of stronger foreign exchange inflows into Nigeria and renewed pressure on the pound in global currency markets. At the parallel market, the pound…