Nigeria received $1.57 billion in remittances through International Money Transfer Operators (IMTOs) between April and June 2026, the highest quarterly inflow recorded since 2019, according to the Central Bank of Nigeria’s Q2 2026 Statistical Bulletin. The figure represents a 33% increase from the $1.18 billion received in the same period last year and surpasses the previous quarterly peak of $1.47 billion recorded in Q3 2024. May and June drove the surge Strong inflows in May and June offset a year-on-year decline in April. June alone recorded $580.16 million, the highest monthly total in the quarter, up from $292.25 million in…
Author: Abdoulaye Kay
President Luiz Inácio Lula da Silva won a new term in Brazil’s presidential runoff on Sunday, narrowly defeating conservative Senator Flávio Bolsonaro in a bitterly contested race. With 99.9% of polling stations counted, Lula held 51.77% of valid votes against 48.23% for Bolsonaro. He finished more than four million votes ahead. The result reverses the first round. Bolsonaro, of the Liberal Party, won that round on October 4 with 47.03% to Lula’s 45.16%. The runoff count swung back and forth through the evening, with Bolsonaro briefly ahead before Lula retook the lead and widened it. Bolsonaro is the eldest son…
Ohanaeze Ndigbo General Assembly Worldwide has rejected the name Onye Nndu and announced plans to install Eze Ndigbo and executives of its administrative organs across states, local government areas (LGAs), local council development areas (LCDAs) in Lagos State, other parts of Nigeria and the diaspora. The organisation said the initiative was aimed at strengthening unity among Igbo people at home and abroad under one umbrella while promoting peaceful coexistence and the preservation of Igbo cultural values. According to the organisation, all Eze Ndigbo and relevant officials are expected to work with state and local government authorities in their respective locations…
The Economic and Financial Crimes Commission (EFCC) has opened its 2026 recruitment portal, inviting qualified Nigerians to apply for vacancies across four employment categories, with applicants required to meet specific educational, age and physical fitness requirements. The recruitment exercise covers Detective Superintendent, Detective Inspector, Detective Assistant, and Professionals and Skilled Workers, according to information published by the commission. Interested candidates are required to submit their applications online through the official recruitment portal: https://recruitment.efcc.gov.ng/ Four categories, qualifications and age limits 1. Detective Superintendent — Assistant Superintendent of EFCC II, Grade Level 08 Applicants must possess a bachelor’s degree or Higher National…
A philanthropist and founder of the Agbonjagwe Leemon Ikpea Foundation (ALIF), Dr. Lemon Ikpea has built a 62-bed medical centre to the Ewatto community in Esan South East Local Government Area of Edo State, to improve access to healthcare in the area and neighbouring communities. The medical centre, named after the founder, was commissioned on Monday, October 19, 2026. It was built at an estimated cost of N2.227 billion. The facility is equipped with modern medical equipment and is expected to reduce the difficulties faced by residents who had to travel considerable distances to access healthcare, particularly during emergencies. The…
Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a South African woman with 36.65 kilograms of cocaine and a Nigerian-American grandmother with 9.45 kilograms of synthetic cannabis at the Murtala Muhammed International Airport (MMIA), Lagos, in separate operations this month. The agency also reported recovering large quantities of illicit drugs in raids across Kano, Lagos, Bauchi, Niger, Edo, Ondo, Taraba, Oyo and Delta states. Cocaine bound for South Africa Qhina Beauty, 34, was arrested at the airport’s departure hall on October 7 as she tried to board a Qatar Airways flight to South Africa via Doha. A…
A 14-year-old Burkinabè developer, Chérif Kounta, has launched FasoNova, an artificial-intelligence assistant he says is designed around the educational, commercial and cultural realities of Burkina Faso and wider Africa. Kounta, founder of the technology venture Alpha IA, began developing FasoNova at 13. He says the platform is intended to do more than answer questions: its “mission mode” accompanies users through a task from start to finish. For example, he said, a person with one million CFA francs who wants to open a telecommunications shop could receive an estimated timeline, cost breakdown, list of products to purchase and suggested suppliers. For…
Nigeria’s net foreign exchange (FX) flows rose to $22.50 billion in the second quarter of 2026, the highest quarterly level since the fourth quarter of 2019, as declining outflows outweighed a reduction in total inflows. Data from the Central Bank of Nigeria’s (CBN) Q2 2026 Statistical Bulletin showed that net FX flows increased from $21.33 billion in the first quarter to $22.50 billion in the second quarter, reflecting improved net foreign exchange movement through the economy. Total FX inflows stood at $31.43 billion during the quarter, while outflows amounted to $8.93 billion. In comparison, inflows reached $32.39 billion in Q1,…
The Federal Government has approved a ₦50,000 examination fee per candidate for the National Examinations Council (NECO) Senior School Certificate Examination (SSCE) Internal, effective from 2027. The development follows a request by WAEC for an upward review of registration fees for its Senior School Certificate Examination for school candidates, effective from 2027. The approval was conveyed in a letter dated June 18, 2026, from the Federal Ministry of Education to NECO’s Registrar, following discussions on an upward review of examination fees. The letter, signed by A. Ibrahim, Director of Senior Secondary Education, on behalf of the Minister of Education, said…
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited. The proposed establishment of a merchant bank by one of the world’s leading financial institutions marks a significant development for Nigeria’s financial sector, reflecting growing international interest in the country’s financial markets and long-term economic prospects. Announcing the approval, Michael Akuka, Director of the Corporate Communications and Investor Relations Department at the CBN, said the development comes amid sustained reforms aimed at strengthening financial stability, improving market confidence and deepening Nigeria’s integration…