The Central Bank of Nigeria (CBN) has raised the stop rate on its benchmark 364-day Treasury bill to 17.59%, despite investors submitting bids worth N4.4 trillion for instruments valued at only N700 billion. The outcome followed the Treasury Bills auction conducted on Wednesday, August 12, 2026, with the strong demand concentrated on the one-year instrument. Investors submitted N4.19 trillion in bids for the 364-day bill against an offer of N500 billion, representing more than eight times the amount on offer. Despite the overwhelming demand, the CBN increased the stop rate by 24 basis points to 17.59%, from 17.35% at the…
Author: Newsdesk
The Special Agro-Industrial Processing Zone (SAPZ) Programme in Kano State has established a Quarterly Feedback Forum to strengthen communication, accountability and collaboration with beneficiaries and stakeholders. The State Programme Coordinator of SAPZ, Aminu Iliyasu, disclosed this on Wednesday in Kano during the inauguration of the feedback forum for beneficiaries. Iliyasu said the initiative was designed to create a structured platform where beneficiaries could share experiences, provide feedback on programme activities, identify challenges and suggest practical solutions. He said beneficiaries were not merely recipients of SAPZ interventions but important partners whose perspectives and experiences were essential to improving programme implementation. “The…
The GSM Association (GSMA) says it has inaugurated circularity services to help mobile operators reduce electronic waste, extend device lifecycles and unlock value from existing assets. The GSMA made this known in a statement on Wednesday. It said the new offering brought together partnership services from Closing the Loop and RGX to support operators. Commenting, Ms Sianne Ryder, Chief Executive Officer, Events and Industry Services, GSMA, said the initiative would help operators take practical action on circularity while delivering operational and commercial benefits. “By bringing together solutions that support both responsible recycling and asset recovery, we are making it easier…
The Director-General of the World Health Organization (WHO), Dr Tedros Ghebreyesus, says the Ebola outbreak in the Democratic Republic of the Congo is already the second-largest on record. Ghebreyesus said this on Wednesday during an online media conference on Ebola and global health issues. He warned that the outbreak was moving faster than any previous Ebola epidemic and could surpass the 2014–2016 West African outbreak. The WHO chief disclosed that 4,449 confirmed cases and 2,061 deaths have been reported across five provinces and 53 health zones. He said more than 90 per cent of cases and 80 per cent of…
The Centre for the Advancement and Protection of the Rights of Vulnerable People (CAPRIGHTS-VP) has established the Child Rights Ambassadors Forum in four Alimosho secondary schools to empower students to promote rights, safety and protection. CAPRIGHTS-VP Communication Officer, Chinecherem Ugwueze, said in a statement on Wednesday that the forum was established at Havannah College, Igando; Ipaja Junior Grammar School, Ipaja; Alimosho Junior Grammar School, Egbeda; and Dom Grace School, Idimu. The initiative equips students with knowledge, confidence and leadership skills to promote children’s rights, support peers and create safer school environments. CAPRIGHTS-VP implemented the initiative with support from The Freedom…
The Japan International Cooperation Agency (JICA) has awarded scholarships to 18 Nigerian professionals and students under various education and human-resource development programmes. The programmes are aimed at strengthening capacity, promoting innovation and deepening cooperation between Nigeria and Japan. The beneficiaries were unveiled on Wednesday at the orientation and send-forth ceremony for the 13th batch of the Africa Business Education Initiative (ABE Initiative) in Abuja. The ceremony also featured participants in the Agri-Net, PREPARE, KIZUNA, and Education and Governance Long-Term Programmes. Amb. Suzuki Hideo, Ambassador of Japan to Nigeria, said the ABE Initiative represented an investment in Nigeria’s young professionals and…
The Federal Government has equipped 239,726 Nigerian youths with digital, employability and practical skills through the Nigerian Youth Academy (NiYA), the Minister of Youth Development, Mr Ayodele Olawande, has said. Olawande stated this in Abuja while delivering his address at the commemoration of International Youth Day 2026, themed “Different Contexts, Common Aspirations.” Mrs Omolara Esan of the Department of Information and Public Relations in the ministry disclosed this in a statement issued on Wednesday. The minister said the achievement underscored the government’s commitment to equipping young Nigerians with relevant skills, expanding economic opportunities and creating pathways to employment, entrepreneurship and…
The Federal Government has unveiled the National Agricultural Mechanisation Policy to promote sustainable mechanisation and investment in the agricultural sector. It also unveiled the National Agricultural Mechanisation Investment Strategy to shift the sector from public procurement to sustainable investment. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, unveiled both documents on Wednesday at a High-Level National Policy Dialogue on Agricultural Mechanisation in Abuja. The dialogue was themed: “Anchoring National Food Sovereignty through Sustainable Agricultural Mechanisation Policy, Innovation and Strategic Investment.” Kyari said food security was fundamental to national sovereignty, economic resilience and stability. He noted that the Renewed…
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has directed the immediate closure of the secretariat of the dissolved Ad-hoc Committee on Sales of Federal Government Houses (SFGH) in the FCT. Mr Lere Olayinka, Senior Special Assistant to the minister on Public Communications and Social Media, stated this in a statement issued on Wednesday in Abuja. Olayinka said the minister had also approved the creation of a division in the Department of Land Administration to handle matters relating to SFGH in the FCT. He explained that after the committee completed its assignments, its secretariat was retained to…
The Lagos State Government has inaugurated the Agege Fresh Food Hub to address post-harvest losses and strengthen food security. The Mid-Level Agro-Produce Hub was commissioned on Wednesday at Pen Cinema, Agege, Lagos. It is the third such facility in the state, following the Fresh Food Hub in Mushin (commissioned in December 2023) and the Abijo hub (commissioned earlier this year). The hubs are designed to shorten supply chains, reduce unnecessary intermediation, improve produce handling and make food distribution more efficient. In his keynote address, Governor Babajide Sanwo-Olu said the commissioning was essential to ensuring an effective food value chain in…