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…
Author: Abdoulaye Kay
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…
Nigerian banks and their customers have lost a combined N134.48 billion to fraud between 2020 and 2025, according to data from the Central Bank of Nigeria’s Nigeria Payments System Vision 2028 document. The apex bank revealed that attempted fraud across the banking and payments ecosystem totaled N187.79 billion during the six-year period, with actual losses standing at N134.48bn. Steady rise, then dramatic spike An analysis of the CBN data shows fraud losses increased steadily from N11.61bn in 2020 to N12.77bn in 2021 and N14.32bn in 2022. The figure rose further to N17.67bn in 2023 before surging dramatically to N52.26bn in 2024—the highest annual loss recorded. The 2024 figure alone accounted for…
Nigeria recorded a significant improvement in its external sector performance in the first quarter of 2026, with the country’s current account surplus rising by 256 per cent to $4.98 billion, driven largely by stronger trade earnings and improved inflows from remittances and investment income. The development reflects a sharp increase from the surplus recorded in the corresponding period of 2025 and underscores the resilience of Nigeria’s external accounts amid ongoing economic reforms and improved foreign exchange market stability. According to data from the Central Bank of Nigeria (CBN), the current account position was bolstered by a robust trade surplus, supported…
The Federal Government has officially launched FreeTV, a national digital television platform granting all Nigerian households access to over 100 channels without any monthly subscription fees, marking a historic milestone in the country’s migration from analogue to digital broadcasting. The Presidency disclosed the launch on Tuesday, June 16, 2026, ahead of the official commissioning scheduled for June 17. The platform delivers clearer picture quality, expanded local content, and free digital television as Nigeria accelerates its Digital Switch-Over (DSO) programme. Key features of FreeTV AttributeDetailsTotal ChannelsOver 100 national, regional, and state channels Subscription FeeNone — completely free-to-air, no encryption Content CategoriesNews, sports, movies,…
The Central Bank of Nigeria (CBN) is set to conduct another Treasury Bills Primary Market Auction (PMA), offering about N450 billion worth of short-term government securities in a bid to manage liquidity in the financial system. According to the auction schedule, the exercise is billed for Wednesday, June 17, and will be executed through the Debt Management Office (DMO) on behalf of the apex bank. The offer is split across the standard tenors of 91-day, 182-day, and 364-day instruments, with investors expected to bid competitively for the papers. Market updates indicate that the offer size forms part of the CBN’s…
The Central Bank of Nigeria (CBN) has launched the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at enhancing transparency, efficiency, and investor confidence in the country’s financial markets. The launch, which took place in Abuja on Tueaday, marks a significant milestone in the apex bank’s ongoing financial sector reforms designed to strengthen market integrity and support sustainable economic growth. Speaking at the unveiling, the Governor of the , , described NOFR as a transparent, transaction-based benchmark that accurately reflects the actual cost of overnight funding in Nigeria’s money market. According to Cardoso, the introduction of NOFR…
The Debt Management Office (DMO) has announced the reopening of two Federal Government of Nigeria (FGN) bonds, aiming to raise a combined ₦1.2 trillion at an auction scheduled for Sunday, June 22, 2026. In an official offer circular published Monday, June 15, the DMO disclosed it will offer ₦600 billion each in a 10-year and a 20-year bond reopening, with settlement set for Tuesday, June 24, 2026. Key details of the bond reopening Parameter10-Year Bond20-Year BondInstrument22.60% FGN JAN 203516.2499% FGN APR 2037Offer Size₦600 billion₦600 billionCoupon Rate22.60%16.2499%MaturityJanuary 2035April 2037 The ₦1.2 trillion issuance forms part of the Federal Government’s domestic borrowing…