The Central Bank of Nigeria (CBN) is expected to face renewed liquidity management pressure in June 2026 as the financial system is projected to receive N10.9 trillion in inflows, largely driven by maturing Open Market Operations (OMO) bills. This is according to the Financial Markets Dealers Association (FMDA) Monthly Market Report published on June 1, which showed that projected inflows for June represent a 3.51 per cent increase from the N10.53 trillion recorded in May. The development comes despite the apex bank’s aggressive liquidity tightening measures in May, during which it withdrew an estimated N12.06 trillion from the financial system.…
Author: Newsdesk
The Hydrocarbon Pollution Remediation Project (HYPREP) has made significant progress in restoring fragile ecosystems through mangrove restoration and shoreline cleanup in heavily impacted areas of Ogoniland. Prof. Nenibarini Zabbey, HYPREP Project Coordinator, disclosed this in an interview with the News Agency of Nigeria on Tuesday in Abuja. He said HYPREP is marking its 10th anniversary by showcasing a comprehensive scorecard of achievements in the environmental and socio-economic restoration of Ogoniland. “The Ogoni Cleanup was launched at the Bodo waterfront by the Federal Government of Nigeria on June 2, 2016, while the HYPREP Project Coordination Office (PCO) was established in February…
The Federal Government has commenced the training of Information Technology (IT) administrators in Ministries, Departments and Agencies (MDAs) to strengthen government networks against unauthorized access. The five-day training programme on Technical and Organisational Drills on Data Protection Measures is being organised by the Nigeria Data Protection Commission (NDPC) in Abuja. The training is an intensive, hands-on capacity-building programme designed to equip technical personnel in government institutions with the practical skills required to implement appropriate measures in line with the Nigeria Data Protection Act (NDPA), 2023. Dr Vincent Olatunji, National Commissioner of the NDPC, said that with digitisation becoming an integral…
The killing of four suspected kidnappers during a security operation in Lagos State has sparked conversations about insecurity, ethnicity, and public reactions to crime in Nigeria. According to accounts circulating on social media, the suspects were allegedly involved in kidnapping activities that have worsened the nation’s security situation in recent times and were reportedly killed during a confrontation with security operatives. Reports also indicate that a police officer lost his life during the operation. The gang leader was identified as Ifeanyi, popularly known as “Ifeko,” and was allegedly linked to previous kidnapping activities within the state. It was further claimed…
The Central Bank of Nigeria (CBN) unveiled the Payments System Vision 2028 (PSV 2028) on Monday to strengthen the country’s digital economy and trade. Speaking in Abuja, CBN Governor Olayemi Cardoso said PSV 2028 aims to deepen financial inclusion and expand digital payments nationwide. He described the vision as a strategic roadmap to build a secure, resilient, inclusive and innovative payments ecosystem that will position Nigeria as a globally competitive payments hub. “Nigeria’s payments industry has become one of the world’s most dynamic and innovative sectors over the past two decades,” Cardoso said, adding that digital payments have enhanced economic…
The Lagos State Government has empowered 5,339 residents with business tools and equipment, while graduating 5,310 others from its tuition-free skills acquisition centres in the past year. This forms part of efforts to tackle poverty and promote economic self-reliance. The Commissioner for Women Affairs and Poverty Alleviation (WAPA), Mrs. Bolaji Dada, disclosed this on Monday during the 2026 Ministerial Press Briefing commemorating the second year of Governor Babajide Sanwo-Olu’s second term. Dada said the interventions reflect the government’s commitment to reducing poverty, creating jobs, and strengthening entrepreneurship. She noted that the state is investing in human capital development through its…
The Transmission Company of Nigeria (TCN) has extended maintenance work on the Jos, Bauchi and Gombe 330kV single-circuit transmission line to complete Optical Ground Wire (OPGW) installation. TCN’s General Manager of Public Affairs, Mrs. Ndidi Mbah, disclosed this in a statement on Monday in Yola. Mbah said the maintenance, which started earlier this year, would now run until June 30, 2026. The extension will allow contractors to finish OPGW stringing along the 276-kilometre Jos-Bauchi-Gombe transmission line corridor. She noted that customers of Yola Electricity Distribution Company (YEDC) and Jos Electricity Distribution Company (JEDC) will experience limited power supply during the…
The Federal Government has welcomed the unveiling of the “Lancet Oncology Commission on Cancer Workforce: A Global Crisis”, describing it as a timely call to strengthen cancer care systems worldwide. Dr. Uche Nwokwu, National Coordinator of the National Cancer Control Programme (NCCP), made this known in a statement issued on Monday in Abuja, following the report’s unveiling at the 2026 American Society of Clinical Oncology (ASCO) annual meeting in Chicago. Nwokwu said the report highlighted an urgent global shortage of cancer care workers and projected a shortfall of 100 million cancer workforce personnel by 2050 amid rising cancer cases worldwide.…
The Anambra State Ministry of Health has directed all proprietors and operators of mortuaries in the state to register their facilities and renew expired licences in line with the Public Health Law. The directive is contained in a public notice issued by the Director of Medical Services, Dr. Chukwulobelu Ugochukwu, on behalf of the Commissioner for Health, Dr. Afam Obidike. According to the notice, all unregistered mortuaries currently operating in the state must immediately begin the registration process. Facilities with expired registrations or those due for renewal have also been directed to regularise their status without delay. The ministry stated…
The National Association of Nigerian Students (NANS) on Monday protested the abduction of 42 pupils and teachers from public schools in Oriire Local Government Area of Oyo State on May 15. Members of the association, joined by civil society organisations, marched in their hundreds through Bodija, Mokola, Iwo Road, Gate/Bus Stop, and the state Secretariat in Agodi, Ibadan. The protesters carried placards with inscriptions demanding the immediate release of all the victims. READ ALSO: Niger commissioner celebrates children’s day with orphans Speaking to journalists, student leader Mr. Moses Olawole decried the government’s negligence and delayed response in securing the release…