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Lagos, June 5, 2026 – The Socio-Economic Rights and Accountability Project (SERAP) has urged leadership of the National Assembly to disclose certified copies of all documents relating to the ₦1.3 billion (₦1,302,978,784) Presidential Foreign Intervention Promotion Council (PFIPC)/Presidential Economic Advisory Council in the 2026 Appropriation Act. SERAP made the demand in a Freedom of Information request signed by its Deputy Director, Kolawole Oluwadare, dated July 4, 2026. The Presidential Foreign Intervention Promotion Council (PFIPC)/Presidential Economic Advisory Council was allocated over ₦1.3 billion in the 2026 Appropriation Act. The Presidency has, …

Tehran, June 5, 2025 – Iran’s ambassador to China says ships transiting the Strait of Hormuz would be charged new fees but added that China and other “friendly” countries would be granted “special considerations”. An initial deal signed by Iran and the United States last month to halt hostilities stipulated that commercial ships would transit the key waterway free of charge for 60 days, but it remained unclear what policies will be in place after that period. While negotiations on a permanent settlement are ongoing, the US has said Iran will not be permitted …

Lagos, June 5, 2026 – Ecobank Nigeria, a subsidiary of the leading pan-African financial services group Ecobank Group, has been awarded the Client Excellence Award by Deutsche Bank in recognition of its outstanding performance, operational excellence, and commitment to delivering superior Institutional Cash and Trade Finance services. The award recognises Ecobank Nigeria’s consistent achievement of high standards in transaction processing, service delivery, operational efficiency, and collaboration within the global trade finance ecosystem. It further reinforces the Bank’s position as a leading financial institution providing innovative financial solutions that support corporates, financial …

London, July 5, 2026: Access Holdings Plc and Coronation Group hosted a private reception at Tate Modern, London, to celebrate the enduring legacy of Nigerian Modernism, one of the most significant presentations of African art in the gallery’s recent programme.  The Nigerian Modernism exhibition, in partnership with Tate Modern from October 10, 2025, to May 8, 2026, brought together nearly 300 works by more than 50 artists spanning five decades of Nigerian artistic production. Through painting, sculpture, textiles, ceramics, and works on paper, it traced the evolution of modern Nigerian …

By Paul Ejime Abuja, June 5, 2026 – Opposition parties in Guinea-Bissau have accused the Economic Community of West African States (ECOWAS) of bias and legitimizing the military junta government’s controversial review of the country’s Constitution. The Inclusive Alliance Platform (PAI- Terra Ranka), led by the government-banned African Party for the Independence of Guinea and Cape Verde (PAIGC), and Patriotic Alliance (API- Cabaz Garandi), in an Open Letter, said they “are perplexed” by the conduct and outcome of the recent mission to Guinea-Bissau led by Sierra Leone’s Minister of Foreign …

London, July 5, 2025 – OPEC+ is set to agree on Sunday another increase in output targets ​from August, sources with knowledge of the matter said, adding to ‌global supply amid falling oil prices due to a gradual reopening of the Strait of Hormuz for oil exports. The oil producing group has agreed in principle to increase quotas ​by 188,000 barrels per day from August, on top of similar ​increases for June and July, one OPEC+ source said ahead of ⁠the group’s meeting later on Sunday. Two other sources said …

Abuja, July 1, 2026 – The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks. The apex bank announced the development on Wednesday. It said the exercise was carried out in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020. CBN said the licences of these banks were revoked due to their insufficient assets to meet their liabilities, closed operations without regulatory approval, or became inactive and ceased financial intermediation. The revocations were also due …

  , Abuja, July 1, 2926 – The Nigeria Deposit Insurance Corporation (NDIC) has been appointed as the official Liquidator, pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of the NDIC Act 2023. This followed the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026 The NDIC said this in a statement on Wednesday. It said it, therefore, inform the depositors of the banks in particular and the general public in general that …

Washington, July 1, 2026 – Donald Trump earned more than $1.4 billion from his family’s crypto ventures last year, according to his latest  annual financial disclosure. The 927-page disclosure for 2025, which the U.S. Office of Government Ethics released on Tuesday, showed that crypto was the largest source of Trump’s income last year, according to the filing, dwarfing his earnings from real estate and legal settlements. Trump reported earning more than $550 million from World Liberty Financial (WLF) sales of crypto tokens. WLF was launched in September 2024 by Trump’s sons and …

Lagos, July 1, 2025 – Nigerian Exchange Limited (NGX) on Wednesday announced the outcome of its half-year 2025 review of its market indices. It said the review followed a comprehensive assessment of constituent companies across key market benchmarks. The NGE said in a statement that the review covered the NGX 30 Index, NGX Lotus Islamic Index, NGX Pension Index, NGX Pension Broad Index, Corporate Governance Index, Afrinvest Bank Value Index, Afrinvest Dividend Yield Index and Meristem Growth Index. Others are Meristem Value Index, as well as NGX’s sectoral indices comprising …