The Federal Government has declared Wednesday, May 27, and Thursday, May 28, 2026, as public holidays to enable Muslim faithful across the country to celebrate Eid-ul-Adha. The announcement was made on Monday in a statement issued by the Permanent Secretary of the Ministry of Interior, Dr. Magdalene Ajani, on behalf of the Minister of Interior, Dr. Olubunmi Tunji-Ojo. According to the minister, the declaration underscores the Federal Government’s recognition of the spiritual importance of Eid-ul-Adha and its respect for the millions of Muslims in Nigeria observing the sacred festival. “This declaration affirms the Federal Government’s profound respect for the faith…
Author: Abdoulaye Kay
Nigeria’s economy expanded by 3.89 per cent year-on-year in the first quarter of 2026, according to the latest Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS). The growth rate represents an improvement from the 3.13 per cent recorded in the corresponding period of 2025, reflecting continued resilience across key sectors of the economy despite lingering macroeconomic challenges. ALSO READ Nigeria tops fastest African economies to $100bn GDP in 34 years NBS data showed a broad-based, though uneven, recovery, with the agricultural sector posting one of the strongest improvements during the quarter. Agriculture grew by 3.15…
The Media Team of the Sultan of Sokoto has dismissed a video currently circulating on social media that purports to show a protest outside the Sultan’s Palace, saying the footage is outdated and being recirculated to create a false impression of unrest. In a statement, the palace said the clip — which shows individuals gathered in front of the palace brandishing leaves — dates back to 2024, when nationwide demonstrations took place over rising food costs and worsening economic conditions. The team described the recent spread of the video as deliberate and politically motivated, aimed at undermining the peaceful relationship…
The Sokoto State Water Board has completed emergency repairs on a major water pipeline that burst earlier this week, flooding part of the city and disrupting water supply. In a statement issued on Saturday, the General Manager of the Board, Engr. Aminu Haruna Mika’ilu, said the incident occurred when a high-pressure surge from the main pumping station caused the pipeline to rupture, turning the affected area into what appeared to be a river.According to the statement, water was gushing several metres into the air from the damaged section of the pipeline. “We give thanks to Allah for granting us the…
The Central Bank of Nigeria’s decision to hold all key monetary policy parameters at the 305th Monetary Policy Committee (MPC) meeting has far-reaching implications for investors, fixed-income traders, equity market participants and the broader financial system. With the Monetary Policy Rate held at 26.5%, the Cash Reserve Ratio retained at 45% for deposit money banks, and the asymmetric corridor left unchanged, the CBN has effectively signalled that the current rate environment is not about to shift dramatically in either direction — at least not yet. For every category of market participants, that signal carries distinct and crucial meaning even if the headline decision appears, on the surface, to be a…
The Federal High Court in Abuja has restrained eNaira Payment Solutions Ltd from claiming ownership of the “eNaira” trademark and ordered the company to adopt a new name that excludes the word “Naira.” In a judgment delivered on Friday, Justice James Omotosho granted a perpetual injunction against the company and awarded N10 million in damages. The ruling followed a legal dispute involving the Central Bank of Nigeria, the Registrar of Trademarks and the Registrar-General of the Corporate Affairs Commission. Although the court acknowledged that eNaira Payment Solutions Ltd had been incorporated since 2004, Justice Omotosho held that the company’s name…
The Nigerian naira gained ground against the British pound sterling, trading at N1,840/£1 in the official foreign exchange market, according to the latest data from the Central Bank of Nigeria (CBN). The local currency has rebounded from its April lows and remained relatively stable in recent weeks, supported by the CBN’s liquidity management measures and easing pressure in the foreign exchange market. The naira’s recovery comes as the pound faces headwinds from growing political uncertainty in the United Kingdom. Sterling recently slipped to monthly lows amid leadership tensions within the ruling Labour Party and speculation over the future of Prime…
Aisha* has just arrived at Jahun General Hospital in Jigawa State in northern Nigeria, in deep pain, not only emotional pain after losing a child during childbirth in Yobe, a neighbouring state, but also physical pain from an injury caused by complications during delivery. On the eastern side of the African continent, Hodan* arrives at Bay Regional Hospital in Baidoa, southwestern Somalia. She was married off as a teenager in a village on the rural outskirts of Bur Hakaba. Her first delivery was prolonged and complicated; the baby was delivered with forceps but did not survive. Soon after, Hodan lost control of…
The Central Bank of Nigeria (CBN) allotted N829.32 billion at its Treasury Bills Primary Market Auction held on May 20, 2026, exceeding the initially offered N650 billion across the 91-day, 182-day, and 364-day tenors. Auction results showed that total subscriptions rose to about N1.99 trillion, underscoring strong market liquidity and sustained investor appetite for government securities, particularly longer-dated instruments. The one-year (364-day) bill accounted for the bulk of demand, attracting subscriptions of N1.84 trillion against an offer of N500 billion. The CBN eventually allotted N683.29 billion, translating to an oversubscription rate of about 3.7 times. The 182-day bill recorded subscriptions…
President Bola Tinubu has appointed Prof. Segun Aina as the new Registrar of the Joint Admissions and Matriculation Board (JAMB), the presidency said on Thursday. Aina succeeds Prof. Is-haq Oloyede, whose tenure expires on July 31. Aina, who turns 40 in July, is a professor of Computer Engineering at Obafemi Awolowo University, Ile-Ife. He holds a Bachelor of Engineering in Computer Systems Engineering from the University of Kent and earned an MSc in Internet Computing and Network Security and a PhD in Digital Signal Processing from Loughborough University, UK. He also completed the Senior Management Programme at the Lagos Business…