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CBN proposes FG adoption of eNaira for payment of salaries, pensions, welfare benefits
Federal Government is considering a Central Bank of Nigeria (CBN) proposal to commence paying civil servants’ salaries, pensions, social welfare benefits, in addition contractors via the eNaira platform in order to boost the adoption of Nigeria’s digital currency. The eNaira…
NGX’s ASI climbs by 0.27%, as PMI rises to 54.1% in May
Nigerian Exchange (NGX) All-Share index edged up 0.27 per cent amid decreasing liquidity, just as the Purchasing Managers’ Index (PMI) jumped to 54.1 all in May 2026, according to the Exchange and StanbicIBTC reports. According to the NGX report covering up…
TETFund awards N7.5bn in grants to 174 research teams nationwide
Federal Government, through the Tertiary Education Trust Fund (TETFund), has awarded N7.5 billion in grants to 174 research teams across tertiary institutions in Nigeria to address national development needs. Making the disclosure, while announcing the outcome of the 2025 National Research…
First batch of evacuees return from South Africa, three more expected
Following the June 30 deadline given to all African migrants to leave South Africa by violent groups in that country, the Nigerian government has completed the evacuation of the first batch of arrivals, even as deadly xenophobic attacks continue unabated…
Elon Musk becomes world’s first trillionaire, as successful SpaceX IPO shoots net worth above $1.1trn
South African-born tech magnate, Mr Elin Musk has (on paper) become the world’s first trillionaire. The feat follows the businessman’s initial public offering (IPO) of his company, SpaceX’s shares soaring his net worth when it hit the stock market. The…
Bonny Terminal leads production streams, as Nigeria surpasses OPEC crude oil quota in May
Nigeria’s crude oil output surpassed its Organisation of the Petroleum Exporting Countries (OPEC) quota in May 2026, as the Bonny Terminal led production streams, according to data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The development saw the…
Nigeria records N35trn in foreign trade Q1, 2026, as export rises by 2.8%
National Bureau of Statistics (NBS) says the country recorded a total of N34.78 trillion worth of foreign trade in the first quarter (Q1) of 2026, while exports accounted for 60.85 per cent total trade with a value of N21.16 trillion….
Ibom Air moves to Uyo int’l airport hub, June 14
Ibom Air has announced that all its flight operations will be moved to the newly-completed ultra-modern terminal at the Victor Attah International Airport, Uyo, effective June 14, 2026. The airline disclosed the development in a travel advisory issued to passengers,…
Senate passes bill to promote alternative financing options for MSME operators, trade
Senate, Wednesday, passed the Factoring, Assignment and Receivables Financing Bill 2026, aimed at improving access to finance, modernise commercial transactions and enhance Nigeria’s competitiveness in regional and global trade. The bill is also designed to expand the framework of financing…
FCCPC denies FG directive approving 9 new airtime credit operators
Federal Competition and Consumer Protection Commission (FCCPC) has dismissed reports claiming federal government, through the agency, has approved the entry of nine new operators into Nigeria’s airtime credit market. It would be recalled that the Wireless Application Service Providers Association of…
