The Federal High Court in Abuja has affirmed the exclusive ownership of the eNaira digital currency platform by the Central Bank of Nigeria, ordering a private firm, eNaira Payment Solutions Limited, to immediately discontinue the use of the name. Delivering judgment, Justice James Omotosho held that the company has no legal right to the “eNaira” trademark…
The Cross River State Government has officially launched its 2026 Wet Season Farming Programme, distributing improved seed yams and agricultural inputs to farmers across the state as part of efforts to strengthen food security and boost agricultural output. The programme was flagged off in Calabar and represents Governor Bassey Otu’s renewed push for rural development and…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has retained the Monetary Policy Rate (MPR) at 26.5% following its 305th meeting held on May 19 and 20. Speaking after the meeting, CBN Governor said the committee decided to maintain all key monetary policy parameters, reflecting a cautious approach toward inflation control and…
Aliko Dangote has announced an increase in the Dangote Group’s investment in Ethiopia from $2.5 billion to over $4 billion, signaling a major expansion of the company’s industrial footprint in East Africa. According to a statement issued by the company, Dangote was warmly received in Gode, Ethiopia, by Abiy Ahmed during a visit to inspect…
The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, has criticised the Nigerian National Petroleum Company Limited (NNPC) for attempting to expand its stake in the Dangote Petroleum Refinery while government-owned refineries remain dormant. Ukadike reacted after the President of the Dangote Group, Aliko Dangote, revealed that the refinery…
The National Universities Commission has signed a $65 million performance contract with six universities under the World Bank-backed SPESSE project to strengthen procurement, environmental, and social governance standards in Nigeria. Speaking in Abuja, NUC Executive Secretary Abdullahi Ribadu said the project would deepen capacity building, expand specialised academic programmes, and improve transparency in public service delivery. The programme, launched…
President Bola Ahmed Tinubu and President Paul Kagame have agreed to deepen diplomatic and economic relations between Nigeria and Rwanda following a high-level meeting at the Urugwiro Presidential Villa in Kigali ahead of the Africa CEO Forum. The two African leaders reaffirmed their commitment to revitalising the Joint Permanent Ministerial Commission (JPMC), first signed in…
President Bola Ahmed Tinubu has welcomed the outcomes of the 10th France–Nigeria Business Council Meeting held at the Africa Forward Summit in Nairobi, Kenya, describing it as a major shift from discussions to concrete implementation between both countries. He noted that with bilateral trade reaching $4.7 billion in 2025, and Nigeria remaining a top destination…
Nigeria’s maritime sector recorded strong growth in the first quarter of 2026, with total cargo throughput reaching 32.38 million metric tons across the country’s ports. Data from the Nigerian Ports Authority (NPA) showed that Gross Registered Tonnage (GRT) of ocean-going vessels increased by 19.5%, rising to 46.75 million tons. This reflects the growing use of…
French President Emmanuel Macron has called for increased investment in Africa, saying the continent needs stronger economic opportunities to achieve greater independence and self-reliance. Speaking at the University of Nairobi during an economic summit in Kenya, Macron stressed that Africa’s future should be driven by investment rather than dependence on foreign aid. The French leader…
