Uncategorized

Washington, June 30, 2026 – A divided Supreme Court on Tuesday upheld a broad conception of birthright citizenship, rejecting President Donald Trump’s executive order declaring that children born to people who are in the United States illegally or temporarily are not American citizens. The justices relied on a long-settled understanding of the 14th Amendment, adopted after the Civil War, and more recent federal laws in ruling that anyone born in the country, with very limited exceptions, is a citizen. “Citizenship, then and now, was the right to have rights—to freely participate in …

Abuja, June 30, 2026 – The Bank of Agriculture (BoA) has started distributing fertilisers, maize seeds and crop protection products to about 500,000 smallholder farmers in more than 20 states across the country. The programme is under the Renewed Hope Smallholder Support and Value Chain Fund of Federal Government. Ayo Sotinrin, the Chief Executive of the bank, announced this at the commencement of the distribution exercise in Karau-Karau, Giwa Local Government Area of Kaduna State He said the intervention is to support the cultivation of about 520,000 hectares of farmland …

Abuja, June 30, 2026 – Consumer credit to the Nigerian economy dropped to ₦3.03 trillion in February from ₦3.81 trillion in January 2026. The Central Bank of Nigeria (CBN) disclosed in the latestest edition Economic Report’ According to the report, consumer credit dropped significantly in February by  ₦780 billion caused by reductions in both personal and retail loans. The significant drop of the consumer credit during the month was attributed to high cost of borrowing.  During the month, total credit to the economy grew by 0.82% to ₦57.88 trillion, reflecting …

Washington, Jube 30, 2026 – The US Supreme Court has blocked President Donald Trump’s attempt to fire a governor of the US central bank, in a ruling seen as affirming the Federal Reserve’s independence. In a 5-4 decision, justices from the country’s top court said the administration had not provided Federal Reserve Governor Lisa Cook sufficient “due process” for her to contest her removal. The decision sends the matter back to lower courts, where the administration will have to prove its allegations that Cook has committed mortgage fraud if it …

Lagos, June 30, 2026 – Union Bank, in partnership with the Nigerian Conservation Foundation (NCF), commemorated the 2026 World Environment Day with a symposium at the Lekki Conservation Centre in Lagos, calling for stronger collaboration to confront climate change, advance conservation and equip young people to lead a more sustainable future. The gathering brought Union Bank together with leading stakeholders for frank discussions on environmental sustainability, climate action and shared responsibility, in keeping with this year’s World Environment Day theme, “Inspired by Nature. For Climate. For Our Future.” The conversation …

Abuja, June 30, 2026 – Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to stop excessive pricing of petroleum products.  The minister gave the directive while speaking at the 2026 NMDPRA General Counsel and Legal Advisers Forum in Abuja on Monday. He said that the directive was necessary to check the current high pr ices of petroleum products in Nigeria after the Middle East crisis had been resolved and crude oil prices were returning to their old prices …

Lagos, June30, 2029 – The Nigerian currency, Naira, depreciated further to N1,383.6262 to the dollar at the official foreign exchange market on Monday. The naira exchange rate has been sliding at the market in the last few trading days. The exchange rate, which was N1,380.0775 to the dollar on Friday, was N1,370.6373 to the dollar on Thursday last week.   Bid rates offered by dealers at the market on Monday ranged from N1,377.50 to N1,390 to the dollar. Meanwhile, the naira is being exchanged at the black market in Lagos …

Singapore, June 30, 2026 – Oil prices ‌dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday, were down 0.9%, or 64 cents, at $72.51 a barrel as ​of 0356 GMT. These levels are around $20, or 22%, lower than last month’s closing. The more actively ​traded September contract was down 0.4%, or 31 cents, at $73.6 a barrel. U.S. West Texas Intermediate ⁠for August …

Lagos, June 26, 2026 – Fidelity Bank Plc has again reinforced its leadership in small and medium-scale business banking as it emerged the winner of the Development Bank of Nigeria (DBN) Service Ambassadors Award for the Highest Impact on MSMEs Accessing Credit for the First Time. The award recognises commercial banks that has successfully onboarded previously unbanked or credit excluded Micro, Small and Medium Enterprises across Nigeria, reflecting Fidelity Bank’s sustained commitment to deepening financial inclusion, improving access to credit and supporting enterprise growth. Speaking on the recognition, Divisional Head, …

Lagos, June 29, 2026 – The Centre for the Promotion of Private Enterprise (CPPE), a private think tank, has advised the federal government to revive the local textile sector, rather than ban import of textile fabrics. The CPPE made the call on Monday in a statement signed by its Chief Executive, Dr Muda Yusuf. It said the Senate’s resolution calling for a ban on importation of textile fabric is unlikely to achieve its intended objectives and could have significant adverse consequences for the Nigerian economy. “While the objective of reviving …