Through the Lens: New Photography Awards Aim to Showcase Nigeria’s Natural Wonders

Nigeria’s rich biodiversity is taking centre stage with the launch of the Nigeria Nature Photography Awards (NNPA), a new initiative designed to celebrate the country’s wildlife, landscapes and natural heritage through photography.

Founded by Oluwasooto Ajayi, the awards aim to raise awareness of Nigeria’s environmental treasures while recognising photographers whose work inspires a deeper appreciation of nature.

“Nigeria is incredibly rich in biodiversity, yet much of it is not widely seen or understood. This initiative is about changing that by using photography to deepen appreciation for our natural environment while celebrating the photographers who help tell that story,” Ajayi said.

The inaugural competition is open to photographers across the country, from emerging talents to seasoned professionals. Participants are invited to submit images capturing wildlife, landscapes and human-nature connections.

Organisers say the awards are intended to promote biodiversity awareness, encourage pride in Nigeria’s natural heritage and highlight the importance of conservation through visual storytelling. Winners will receive cash prizes, while outstanding entries will be featured in a curated public exhibition later this year.

The initiative is being delivered through partnerships with organisations involved in conservation, storytelling and public engagement.

The Nigerian Conservation Foundation (NCF), serving as conservation partner, will provide technical expertise and guidance. Kunle Olawoyin, NCF’s director of communications, policy and advocacy, described the awards as a timely effort that can inspire greater appreciation for nature and encourage collective action to protect Nigeria’s ecosystems.

Wild Africa has joined as media partner to amplify stories promoting the protection of wildlife and natural habitats. Its Nigeria representative, Festus Iyorah, said the awards offer a powerful way to engage both photographers and the public in celebrating the country’s natural heritage.

Ninthgrid, an Afrocentric stock image platform, is supporting the development and implementation of the initiative through its expertise in African visual storytelling and digital content platforms. According to its chief executive officer, Francis Odeyemi, the collaboration aligns with the company’s mission of elevating authentic African imagery and creating opportunities for photographers across the continent.

As entries open, organisers hope the Nigeria Nature Photography Awards will not only recognise photographic excellence but also strengthen public appreciation for the natural environments that form an important part of Nigeria’s story.

Photographers interested in participating can access eligibility requirements, submission guidelines and other competition details through the Nigeria Nature Photography Awards platform.

Yetunde: How a Nigerian Tech Innovation is Bringing Yoruba Tradition Into the Digital Dating Age

As Nigerian innovators continue to develop technology tailored to local realities, a new platform is demonstrating how cultural heritage can be transformed into a modern solution for one of society's oldest pursuits which is finding a life partner.

The platform, known as Yetunde, has entered Nigeria's growing matchmaking technology space with a distinct focus: connecting Yoruba men and women seeking serious relationships that can lead to marriage. In doing so, it reflects a shift away from generic global dating platforms toward indigenous digital products built around shared values, identity and long-term commitment.

At the heart of the initiative is a centuries-old Yoruba concept known as alarina, a trusted intermediary who traditionally helped facilitate relationships between prospective couples. Rather than abandoning that cultural framework, the creators of Yetunde have reimagined it for the digital era.

Leading the project is Anjola Awofisoye, a technology expert with more than 10 years of experience in software and digital product development. Together with his team, he developed Yetunde, which he describes as the world's first matchmaking application dedicated specifically to the Yoruba community.

Recently unveiled on social media, the application was created to help users build meaningful connections while remaining rooted in cultural values. The platform aims to preserve Yoruba heritage by "fostering genuine connections and creating timeless Yoruba love stories."

Awofisoye said the inspiration behind the platform came from a desire to solve modern relationship challenges using principles deeply embedded in Yoruba society.

"The idea behind the Yetunde app is pretty much the philosophy of using the old ways of doing things to solve modern-day problems," he said.

He explained that the traditional alarina often served as a bridge between a man and a woman, helping to establish trust through personal knowledge of both individuals.

"The alarina is kind of like the person who knows both parties and passes messages between them. So, the whole purpose of the app is to be the alarina between two people and try to match them based on community practices, knowledge and information about both parties," Awofisoye said.

Unlike many mainstream dating platforms that rely heavily on endless profile browsing, Yetunde seeks to improve compatibility through community-based insights and culturally informed matching principles.

According to Awofisoye, this approach increases the likelihood of users finding suitable partners without spending countless hours navigating random profiles.

"So, the chances of meeting somebody are much higher, and you don't end up swiping from morning till night without finding who you are looking for. You are being matched based on philosophies and principles, particularly Omoluabi, which is one of the core foundations upon which the algorithm is built," he said.

The emphasis on Omoluabi, a philosophy associated with character, integrity and responsibility, reflects the platform's goal of encouraging intentional relationships that can develop into lasting marriages through verified matches.

Awofisoye also disclosed that the team intends to continue developing the platform, with additional features and improvements planned to enhance user experience.

The launch of Yetunde highlights an emerging trend within Nigeria's technology ecosystem, where entrepreneurs are increasingly creating products rooted in local culture and traditions. In the matchmaking space, the platform represents a move from generic swiping-based applications toward culture-specific solutions designed for intentional dating, long-term relationships and marriage.

As Nigerian innovators continue to blend technology with heritage, Yetunde offers an example of how traditional values can be adapted to address modern social needs while preserving cultural identity in an increasingly digital world.

Anambra Accelerates Digital Economy Drive with N80m Startup Fund, Tech Training

Anambra State has taken another significant step in its ambition to become a leading centre for innovation and technology, unveiling an N80 million startup fund, graduating 400 technology professionals and attracting fresh investment in broadband infrastructure.

The initiatives were announced at the Anambra Startup Investment and Technology Skills Graduation Ceremony held at the Banquet Hall of the Light House in Awka.

Governor Chukwuma Soludo said the state's vision is to transform Anambra into “Africa’s Silicon Valley” by equipping young people with the skills, opportunities and resources needed to succeed in a rapidly evolving digital economy.

“Our administration is committed to transforming Anambra into Africa’s Silicon Valley. This vision is driven not by politics but by a clear and strategic imperative to secure the future of our state and its people,” he said.

According to the governor, programmes such as the 1 Million Anambra Digital Tribe initiative and the Anambra Startup Incubation Programme were designed to prepare residents for emerging opportunities in technology and innovation. He urged beneficiaries to channel their knowledge and support into building sustainable enterprises capable of creating jobs and driving economic growth.

As part of the effort, the Solution Innovation District disbursed N80 million to 80 startups that completed a 12-week incubation programme, with each business receiving N1 million.

Chief Executive Officer of the Solution Innovation District and Special Adviser to the Governor on Innovation and Business Incubation, Chinwe Okoli, said the beneficiaries received training in business development, customer discovery, market validation, financial planning and investor readiness before accessing the grants.

She described the exercise as one of the largest state-backed startup funding programmes conducted in a single day in Nigeria.

Okoli disclosed that more than 111 startups have benefited from the district's incubation and acceleration programmes. She added that the 1 Million Anambra Digital Tribe initiative has already reached 264,000 beneficiaries and remains on course to train one million residents by 2030.

The ceremony also celebrated the graduation of 400 technology professionals, including 300 trained in robotics and embedded systems and 100 who completed a network engineering programme.

According to Okoli, the robotics training, delivered across eight cohorts, covered embedded systems, automation, sensor programming and other Fourth Industrial Revolution technologies.

The network engineering programme, organised in partnership with Connekt Broadband, equipped participants with practical skills in fibre optic installation, broadband deployment, wireless networking and internet service operations.

In a related development, Connekt Broadband Chief Executive Officer, Ifeanyi Adirika, announced a N1 billion Connectivity Fund to expand broadband access across Anambra's 21 local government areas.

He said the initiative would improve internet connectivity in schools, hospitals, markets and other public institutions while creating employment opportunities for graduates of the network engineering programme. Some of the newly trained engineers, he added, will serve as deployment partners and sub-licensees as the company expands its infrastructure footprint across the state.

The graduates are also expected to support the state's ongoing 2,000-kilometre fibre optic rollout, helping extend connectivity to underserved communities.

Okoli further revealed that the former Government House, now home to the Solution Innovation District, is being transformed into a permanent technology campus, with new facilities expected to be commissioned soon.

She added that Connekt Broadband has secured space within the proposed campus and plans to establish a business process outsourcing centre that will create additional employment opportunities for technology graduates.

Together, the investments in entrepreneurship, digital skills and connectivity underscore Anambra's growing commitment to building a knowledge-driven economy and strengthening its position within Nigeria's expanding technology landscape.

As United Nigeria Airlines Expands, Achebe’s Legacy and Onitsha’s Royal Heritage Take to the Skies

There was something fitting about the names chosen for United Nigeria Airlines’ latest aircraft.

Long after Professor Chinua Achebe altered the course of African literature and decades into the reign of Igwe Alfred Achebe as one of Nigeria’s most respected traditional rulers, both men have become symbols of influence that transcend their immediate fields. One helped reshape how Africa told its own story to the world. The other has combined royal responsibility with corporate leadership and public service in a way that has earned admiration far beyond Onitsha.

On Thursday, those legacies were given a new platform as United Nigeria Airlines unveiled two newly acquired Boeing 737-800NG aircraft named in their honour.

The ceremony, held at Nesto Aviation Services along the Local Airport Access Road in Ikeja, Lagos, drew together a mix of aviation stakeholders, government officials, business leaders and traditional authorities. Yet the significance of the occasion stretched beyond the arrival of two aircraft as it was also a statement about identity, memory and the kind of achievements a nation chooses to celebrate.

For United Nigeria Airlines Chairman and Founder, Prof. Obiora Okonkwo, the decision was deliberate.

He explained that one aircraft was named after the late Chinua Achebe in recognition of a literary contribution that continues to resonate around the world. The second carries the name of Igwe Alfred Achebe, whose record of traditional leadership, corporate accomplishment and national service has made him one of the most influential monarchs in contemporary Nigeria.

The unveiling came at a time when Nigeria’s aviation industry is navigating a period of transition and expansion. Against that backdrop, Okonkwo said the acquisition reflected confidence in the future of the sector and in the opportunities being created through ongoing reforms.

Abia State Governor Alex Otti, who attended the ceremony, viewed the gesture as an important acknowledgement of Nigerians whose work has enriched the country’s reputation. In his remarks, he praised the airline for choosing to celebrate excellence rather than allowing remarkable contributions to fade into history.

The governor also spoke extensively about developments within the aviation sector, commending efforts aimed at creating a more supportive environment for private operators. He argued that initiatives capable of strengthening indigenous airlines would ultimately deepen the industry's capacity and competitiveness.

Among those initiatives is the proposed establishment of an aircraft leasing company, a development Governor Otti described as potentially transformative for local carriers seeking access to equipment and operational support.

The Governor also disclosed that work on the runway has reached an advanced stage and expressed appreciation for the support received from the aviation authorities. He reiterated Abia's readiness to serve as a hub for United Nigeria Airlines, a possibility that has gained attention in recent discussions about expanding regional air connectivity.

Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), used the occasion to outline the government's vision for the industry. Central to that vision, he said, is sustained engagement with operators and investors whose participation remains essential to long-term growth.

The minister also shed light on the evolution of the Abia airport project. According to him, the initial plan was limited to the construction of an airstrip but that changed after Governor Otti engaged the federal authorities and pressed for a full airport instead, assuring government that Abia State would provide the counterpart funding required for the upgrade.

For many attendees, however, the most reflective moment came when Igwe Alfred Achebe rose to respond to the honour.

The monarch described the recognition as deeply humbling and spoke warmly about his relationship with the late Chinua Achebe, whose influence continues to endure years after his passing. It was a reminder that while aircraft are built from steel and engineering, the names they carry often tell stories of people, ideas and institutions that leave lasting imprints on society.

Also present was Air Peace Chairman and Chief Executive Officer, Allen Onyema, who expressed optimism about the airline's trajectory. In his assessment, United Nigeria Airlines is steadily building the foundation required to emerge as one of West Africa's leading carriers.

The decision to honour a writer whose words transformed global perceptions of Africa and a monarch whose influence has spanned multiple sectors offered a different kind of message. It suggested that achievement, service and enduring impact remain worthy of recognition.

As the two Boeing 737-800NG aircraft enter service, they will move between cities and across borders. Yet wherever they travel, they will carry names already familiar to generations of Nigerians, names that speak not only of individual accomplishment but also of the depth of talent, leadership and intellectual capital that Nigeria continues to produce.

Kwara Students Share N850,000 Prize in Agriculture Quiz Competition

Three students have emerged winners of the Kwara State Inter-Local Government Quiz Competition on the Agricultural Education Training Programme (AETP), taking home a combined prize of N850,000.

Torkuma Perfect of St Anthony Secondary School won the competition and received N500,000. Ibeh Daniel, also of St Anthony Secondary School, finished as first runner-up and earned N250,000, while Abdulrahman Thani Fatimah of Queen Elizabeth School placed third and received N100,000.

The competition featured 19 students from public basic schools across Kwara State's 16 local government areas and was held alongside the launch of the Environmental Sustainability Club, which included a tree-planting exercise.

Represented by the Chairman of the State Universal Basic Education Board (SUBEB), Prof. Sheu Adaramaja, Governor AbdulRahman AbdulRazaq said the initiative was designed to encourage intellectual engagement, innovation and healthy competition among students while advancing the state's education and environmental sustainability agenda.

He urged young people to embrace agriculture as a modern, technology-driven sector with the capacity to create wealth, strengthen food security and drive economic growth.

The governor also encouraged residents to plant more trees, protect green spaces and avoid indiscriminate waste disposal, noting that trees help improve air quality, prevent soil erosion and reduce carbon emissions.

According to a statement by Ameenat Abiola Atere, Press Secretary of Kwara SUBEB, the Agricultural Education Training Programme was created to expose pupils to modern agricultural practices and stimulate interest in agribusiness.

The initiative reflects Kwara's continued investment in education, agriculture and environmental sustainability while preparing young people for future opportunities and leadership.

Nigeria’s Gas Exports Rise to $2.53 Billion, Strengthening Trade and Foreign Exchange Earnings

Nigeria’s natural gas sector delivered a stronger performance in the first quarter of 2026, helping to boost export earnings and reinforce the country’s efforts to diversify its sources of foreign exchange.

According to the Central Bank of Nigeria’s (CBN) Balance of Payments Highlights for Q1 2026, gas export earnings rose to $2.53 billion from $2.24 billion in the fourth quarter of 2025, representing a 12.95% quarter-on-quarter increase.

The growth coincided with a significant improvement in Nigeria’s external trade position. The goods account, a major component of the current account, recorded a surplus of $5.95 billion in Q1 2026, up from $1.77 billion in the preceding quarter and higher than the $3.35 billion recorded in the corresponding period of 2025.

The CBN attributed the stronger performance to improved export earnings, noting that “Gas exports increased slightly to US$2.53 billion in Q1 2026, from US$2.24 billion recorded in Q4 2025.”

The latest figures highlight the increasing importance of natural gas to Nigeria’s export diversification strategy. With one of Africa’s largest natural gas reserves, the country has continued to expand production capacity and invest in infrastructure aimed at strengthening its position in global gas markets.

The gains in the gas sector were reflected in broader economic indicators. Nigeria’s current account surplus rose by 255.71% to $4.98 billion in Q1 2026, compared with $1.40 billion in the previous quarter, with the goods account remaining the primary driver.

The country also recorded a sharp decline in fuel import costs. Nigeria’s petrol import bill fell to N87.40 billion in Q1 2026 from N2.27 trillion in Q1 2025, translating to savings of N2.18 trillion year-on-year and N3.45 trillion compared with the preceding quarter.

Together, these figures underscore the growing role of natural gas in strengthening Nigeria’s trade balance, supporting foreign exchange earnings, and advancing the country’s long-term economic diversification goals.

Hilda Baci Makes History as First Nigerian Named Guinness World Records Icon

In May 2023, a cooking marathon in Lagos captured the imagination of millions. What began as one woman's attempt to test the limits of endurance soon evolved into something much larger - a national phenomenon that encouraged Nigerians from different walks of life to pursue seemingly impossible goals.

Three years later, Guinness World Records has acknowledged the scale of that influence.

On Thursday, the global record-keeping organisation named Nigerian chef and restaurateur Hilda Baci a Guinness World Records Icon, making her the first Nigerian to receive the distinction.

Unlike traditional record titles, the GWR Icon recognition is reserved for individuals, groups and globally significant figures whose achievements transcend the records themselves and leave a lasting mark on society.

For Guinness World Records, Baci's story was never solely about hours spent behind a stove.

It was about impact.

Within two months of her celebrated cook-a-thon, the organisation received more than 1,500 new applications from Nigeria. The surge reflected a growing appetite among Nigerians to challenge boundaries, pursue excellence and test themselves on a global stage. By then, Baci's achievement had already become part of a wider cultural moment.

The chef's rise to international prominence can be traced to her record-breaking cooking marathon held in Lagos between May 11 and May 15, 2023. Over the course of the challenge, she cooked continuously for 93 hours and 11 minutes, setting the Guinness World Record for the longest individual cooking marathon at the time.

The event drew thousands of supporters, dominated conversations across social media and attracted worldwide attention through livestream broadcasts.

Although the record has since been surpassed twice, Guinness World Records maintains that the significance of Baci's accomplishment cannot be measured by duration alone. The organisation cited the enduring influence of the feat and the wave of record attempts it inspired as key reasons behind its decision to confer the Icon honour.

The recognition also highlights a journey that began long before the cameras arrived.

According to Guinness World Records, Baci's earliest exposure to the culinary world came while assisting in her mother's restaurant in Abuja during her primary school years. Her path was not linear. After studying sociology, she explored opportunities in television and acting before eventually embracing professional cooking in 2020 and establishing her restaurant business.

That decision would alter the course of her life.

Since then, she has built a reputation that extends well beyond Nigeria's culinary scene, becoming one of the country's most recognisable food entrepreneurs and a prominent ambassador of Nigerian cuisine.

Her relationship with Guinness World Records did not end with the cook-a-thon.

In September 2025, she partnered with Gino Nigeria to secure another landmark achievement in Victoria Island, Lagos, creating the largest serving of rice ever recorded.

The enormous dish weighed 8,780 kilograms and was prepared with 4,000 kilograms of basmati rice, 164 kilograms of fresh goat meat and approximately 600 kilograms of her signature jollof pepper mix. More than 16,600 portions were eventually distributed.

The feat contributed to her growing collection of Guinness World Records achievements, which today includes the 2023 cooking marathon and two mass-cooking records established in 2025.

Yet the moment that appeared to resonate most deeply with Baci was not the setting of a record but the recognition of what those records had inspired.

In a video released by Guinness World Records following the announcement, the chef struggled to contain her emotions.

“I don’t know what to say… we started a movement. I did this. I don’t want to cry. It feels really good to know that things like this can happen to people like me,” she said.

Reflecting further, she admitted that while she always believed in the challenge she undertook, she never foresaw the scale of its reach.

“I had so much faith in what I was doing, I never saw how far it could go, I never saw how much impact it would make, I definitely did not think there would come a time I would not have one but three… and now being named a Guinness World Record Icon. I am so grateful to God. This is for Nigeria, this is for all of us.”

The organisation itself framed her story as evidence that record-breaking is often driven by qualities that extend beyond talent. In explaining the recognition, Guinness World Records pointed to ambition, self-belief and determination as characteristics frequently shared by those whose achievements leave a lasting impression.

Those themes also feature prominently in Baci's own reflections.

Asked what guidance she would offer aspiring record holders, she emphasised the value of preparation over enthusiasm alone.

“Preparation is everything. Passion alone is not enough,” she said.

Success, she noted, requires physical readiness, mental discipline, meticulous documentation, a dependable support structure and a thorough understanding of Guinness World Records requirements.

Her philosophy has been shaped by experience.

“Consistency beats talent. Systems beat hustle. And humility keeps you growing.”

While the latest honour places her among a select group of globally recognised figures, Baci's attention is already fixed on the future. She intends to expand My Food by Hilda across Nigeria and into international markets including the United Kingdom, the United States, Dubai and South Africa.

She also hopes to continue serving as a cultural ambassador for Nigerian cuisine, introducing more people around the world to the flavours, traditions and creativity that define the country's food culture.

As for future record attempts, she believes they should stand for something greater than personal accomplishment.

“If my journey gave someone else the courage to attempt something bold, then that means more to me than the title itself,” she said. “Records can be broken, that’s their nature but inspiration, the ripple effect of belief, is what truly lasts.”

For Guinness World Records, that ripple effect is precisely what separates an Icon from a record holder.

For Nigeria, it is another example of a homegrown talent whose influence has travelled far beyond the achievement that first brought her international attention. Hilda Baci may have entered the record books through cooking, but her place in Guinness World Records history has been secured by something less measurable: the thousands of people she inspired to believe that extraordinary goals are within reach.

Nigeria's Tems Joins Global Music Icons for Historic Obama Presidential Center Opening

Nigerian music continues to command attention on some of the world's most prestigious stages, and on June 18, acclaimed singer-songwriter Tems will add another remarkable chapter to that story as she performs at the grand opening ceremony of the Obama Presidential Center in Chicago.

The Grammy-winning Nigerian star is scheduled to appear alongside an impressive lineup of internationally celebrated artists, including Stevie Wonder, John Legend, Bruce Springsteen, Jennifer Hudson, and Bono. 

The opening ceremony is being positioned as a landmark gathering that blends democracy, culture, service, and hope. Organizers say the occasion will bring together artists, civic leaders, changemakers, and citizens from different parts of the world in a celebration of the ideals associated with the Obama presidency and the enduring importance of civic participation across generations.

Speaking ahead of the event, Chief Executive Officer of The Obama Foundation, Valerie Jarrett, highlighted the role of the performers in shaping the tone of the celebration.

"The Grand Opening Ceremony will reflect a spirit of inspiration and joy, with a big boost from the performers who are sharing their talent with us. We hope to inspire people everywhere to believe in their power to bring change home," she said.

The ceremony will take place in Chicago and will be livestreamed globally, allowing audiences across continents to participate in the historic occasion.

Beyond the opening festivities, the Obama Presidential Center is set to begin welcoming visitors from June 19. The campus will offer immersive exhibitions, public programmes, and interactive experiences designed to engage people of all ages. Visitors will also have opportunities to explore initiatives aimed at encouraging positive action and meaningful contributions within their own communities.

For Tems, the appearance is a testament to her career rise that has seen her emerge as one of Nigeria's most influential cultural ambassadors. Sharing the stage with some of the most respected names in global music, she will help provide the soundtrack to an event expected to draw worldwide attention while reinforcing the growing presence of Nigerian talent in major international conversations.

As Chicago prepares for the unveiling of the Obama Presidential Center, Nigeria will have a prominent voice in the celebration, one that continues to showcase the country's creative excellence on the global stage.

Nigeria Launches FreeTV Platform with Over 100 Channels

Television is about to become more accessible for millions of Nigerians as the federal government unveils FreeTV, a new free-to-air digital broadcasting platform offering access to more than 100 television channels without subscription fees.

The launch, scheduled for June 17, introduces a platform that combines national, regional and state broadcasters on a single network, giving viewers a wider range of programming while advancing Nigeria's transition from analogue to digital broadcasting under the Digital Switch-Over (DSO) programme.

From news bulletins and live sports to movies, music, educational content and children's programming, FreeTV is expected to carry a broad spectrum of content. Dedicated Yoruba, Hausa and Igbo channels will also form part of the lineup, reflecting the country's linguistic diversity and expanding the reach of indigenous-language broadcasting.

The service has been designed for nationwide coverage. Viewers will be able to access FreeTV through satellite and terrestrial transmission systems, while a mobile application will extend access beyond traditional television screens. The arrangement is expected to serve audiences in major cities as well as communities where television options have historically been limited.

Officials say the rollout will not require most households to replace their television sets. Users with compatible DVB-T2 or DVB-S2 decoders will be able to connect to the platform, while many homes already using suitable free-to-air decoders may be able to access the service without purchasing additional equipment.

Beyond its consumer appeal, the initiative carries implications for Nigeria's media and creative sectors. The National Broadcasting Commission (NBC) says the platform will create additional outlets for locally produced content while expanding opportunities for professionals working across the broadcast industry.

Speaking ahead of the launch, NBC Director-General Charles Ebuebu said the project aligns with the government's push to deepen digital access and broaden participation in the digital economy.

"With FreeTV, families across Nigeria can enjoy quality digital television without a monthly subscription, while our local content producers, technicians and young creatives gain new platforms and new jobs."

To support content production, regional studios are being established in Lagos, Abuja, Port Harcourt, Enugu, Kano and Benin. The facilities are expected to create opportunities for content creators, editors, camera operators, sound engineers, technicians and other professionals across the broadcasting value chain.

The NBC has also reaffirmed that Nigeria's final analogue switch-off remains scheduled for December 31, 2028, and has encouraged viewers to verify decoder compatibility and download the FreeTV mobile application ahead of the rollout.

For a country with one of Africa's largest audiences and a rapidly expanding creative industry, FreeTV is a further investment in local content, wider information access and the infrastructure required for a fully digital broadcasting future.

Nigeria’s Foreign Reserves Climb Above $50.8 Billion as External Position Strengthens

Nigeria’s foreign exchange reserves have continued their upward climb, crossing the $50 billion threshold and reaching $50.81 billion as of June 15, 2026, according to data released by the Central Bank of Nigeria (CBN).

The latest figure represents an increase of approximately $1.01 billion from the $49.80 billion recorded at the beginning of June, extending a positive trend that has strengthened the country’s external position in recent months. The development follows a strong performance in May, when reserves expanded by about $1.22 billion, reflecting sustained foreign exchange inflows and improving external liquidity.

The growth has been steady throughout the month. Reserves rose from $49.80 billion on June 1 to $49.88 billion on June 2 and $49.96 billion on June 3 before crossing the $50 billion mark during the first week of June. The upward movement continued with reserves reaching $50.04 billion on June 4, $50.12 billion on June 5, $50.27 billion on June 8, $50.35 billion on June 9, $50.43 billion on June 10, and $50.51 billion on June 11. By June 15, the balance had climbed further to $50.81 billion, the highest level recorded during the period under review.

Within the first 15 days of June alone, the reserve position increased by roughly 2 percent, making it one of the strongest short-term improvements recorded this year.

A broader look at the figures highlights the pace of the recent accumulation. Nigeria’s external reserves stood at $48.58 billion on May 15, 2026, meaning the country has added about $2.24 billion within a month. Compared with the $48.68 billion recorded on April 15, reserves have grown by approximately $2.06 billion over two months.

The current momentum represents a notable recovery from earlier movements in the year. In March 2026, reserves declined from above $50.08 billion on March 12 to $49.61 billion by March 23. However, subsequent months have seen a return to sustained growth. Earlier in January, reserves had already increased by about $509 million within the first 22 days of the year, pointing to improving foreign exchange inflows.

The strengthening reserve position has coincided with greater stability in the foreign exchange market. The naira closed May 2026 at N1,372/$ in the official market, compared with N1,585.50/$ in May 2025, reflecting a significant improvement over the past year.

Speaking on the reserve build-up in May, CBN Governor Olayemi Cardoso noted that the growing buffer continues to reinforce investor confidence in the Nigerian economy while supporting exchange-rate stability.

Over the last 12 months, Nigeria’s external reserves have increased by more than $11 billion, reflecting the impact of ongoing foreign exchange reforms by the Central Bank of Nigeria and broader efforts by the federal government to strengthen market efficiency, attract capital inflows, and improve macroeconomic stability.

As reserves continue to build and remain comfortably above the $50 billion mark, Nigeria is entering the second half of 2026 with stronger external buffers, improved liquidity, and growing confidence in the resilience of its economy.

Nigeria Unveils Plan to Make Plateau the Nation’s Leading Livestock Hub

Plateau State is being positioned to play a central role in Nigeria’s livestock transformation drive, following the unveiling of a comprehensive development plan aimed at turning the state into a leading centre for livestock production, research, investment and peacebuilding.

The initiative is expected to strengthen food security, create jobs, expand rural economies and unlock new opportunities across the livestock value chain, while helping communities benefit from a more organised and modern livestock sector.

The plan was unveiled by the Minister of Livestock Development, Idi Mukhtar Maiha, during a Livestock Stakeholders Meeting held in Jos on June 15, 2026. Details were contained in a statement issued by Henrietta Okokon, Deputy Director of Press and Public Relations at the Ministry of Livestock Development.

According to Maiha, Plateau possesses many of the assets needed to become a national livestock powerhouse. The state is home to renowned institutions such as the National Veterinary Research Institute (NVRI) and the Federal College of Animal Health and Production Technology, both of which have played important roles in livestock research, animal health and professional training for decades.

He said these long-standing strengths provide a strong foundation for a new phase of growth that can boost agricultural productivity, support economic development and promote peaceful coexistence.

As part of the strategy, Nigeria plans to invest in modern ranching systems, dairy production, feedlot development, grazing reserve rehabilitation and the expansion of livestock value chains across Plateau State.

One of the key projects under the programme is the development of a modern ranch covering about 30,000 hectares within the Wase Grazing Reserve. The project is being pursued in collaboration with the Defence Headquarters as part of efforts to advance the National Ranching Policy.

The proposed ranch is expected to improve livestock productivity, create sustainable livelihoods and help address conflicts associated with open grazing by encouraging a more structured livestock management system.

Beyond ranching, the government is also looking to expand feedlot operations throughout the state. Maiha noted that Plateau has the potential to become a regional centre for the fattening of cattle, sheep, goats and pigs, creating fresh opportunities for farmers, processors and investors.

Plans are also underway to modernise critical livestock infrastructure. This includes the expansion of abattoirs capable of processing up to 500 cattle and 500 pigs daily, helping to support growing demand and strengthen livestock processing capacity.

The minister highlighted several areas where private investors can participate, including commercial pasture cultivation, dairy production, homestead dairy enterprises, sheep and goat fattening, piggery development and livestock waste management.

He stressed that livestock development should be approached as a major business sector with the capacity to transform rural communities, reduce poverty and support long-term social stability.

"Livestock is central to national food security, job creation, wealth creation, and social stability. The future of livestock in Plateau should be organised, scientific, inclusive, peaceful, and profitable," Maiha said.

With its established research institutions, favourable environment and growing investment prospects, Plateau is increasingly being positioned as a key pillar of Nigeria’s livestock future. Stakeholders were encouraged to seize the opportunity to help build a thriving livestock economy that can boost food production, empower women and youths, attract investment and promote peaceful coexistence across communities.

Nigeria Emerges as Sub-Saharan Africa’s Stablecoin Powerhouse as Digital Payments Gain Momentum

Nigeria’s reputation as one of the world’s most dynamic digital finance markets continues to strengthen, with new data from the International Monetary Fund (IMF) showing that the country accounts for roughly 60 percent of all stablecoin inflows into sub-Saharan Africa.

The figure highlights the scale at which Nigerians are embracing new financial technologies to solve real-world challenges, particularly in cross-border payments, remittances and international business transactions.

In its latest Article IV consultation report on Nigeria, the IMF noted that households and small businesses across the country are increasingly using stablecoins, digital assets typically pegged to the US dollar, to move money across borders more efficiently than traditional payment channels allow.

The trend is reflected in the sheer volume of digital asset activity flowing through the country. Between July 2023 and June 2024, Nigeria received approximately $59 billion in crypto-asset inflows. During that period, the country ranked second globally in Chainalysis’ 2024 Global Crypto Adoption Index. In the firm's 2025 rankings, Nigeria remained among the world's leading digital asset markets, placing sixth overall.

Nigeria has become one of the most significant testing grounds for the future of financial services.

Across the country, individuals and businesses are increasingly seeking payment solutions that are faster, more accessible and less constrained by the frictions that have traditionally accompanied international transactions. Stablecoins have emerged as one of the tools helping to meet that demand.

With little more than a smartphone and internet connection, users can receive remittances, transfer funds internationally or settle payments within minutes, often at costs lower than those associated with conventional channels.

For small businesses operating in an increasingly global marketplace, such efficiency can be particularly valuable.

The fund observed that economic conditions during 2023 and 2024 accelerated interest in stablecoins. The sharp depreciation of the naira, elevated inflation and limited access to foreign exchange encouraged many users to explore alternative ways of preserving value and conducting international transactions.

As a result, stablecoins became attractive not only as a payment mechanism but also as a hedge against currency risk. Businesses making payments to overseas suppliers increasingly viewed them as a practical financial tool in a challenging operating environment.

Nigeria’s digital asset ecosystem has also evolved significantly over the past several years. Following the Central Bank of Nigeria’s decision in February 2021 to restrict banks from servicing cryptocurrency exchanges, a substantial portion of crypto-related activity shifted toward peer-to-peer platforms and other channels outside traditional banking structures.

That transition helped shape the market that exists today, one characterised by strong user adoption, rapid innovation and growing integration into everyday financial activity.

Yet the IMF believes the rise of stablecoins presents important policy questions alongside its opportunities.

The institution warned that widespread adoption of dollar-denominated stablecoins could, over time, create a form of digital dollarisation. If a growing number of transactions migrate away from the naira, demand for the local currency could weaken, potentially reducing the effectiveness of domestic monetary policy.

The report also highlighted concerns around regulatory visibility. As more transactions move through digital wallets and crypto exchanges rather than regulated financial institutions, authorities may face greater difficulty monitoring financial flows using systems originally designed for traditional banking networks.

In addition, the IMF cautioned that the speed and anonymity offered by some platforms could increase exposure to illicit financial activities, including money laundering, if oversight mechanisms fail to keep pace with innovation.

Despite these concerns, the fund stopped short of advocating restrictions on stablecoin adoption. Instead, it argued that the most effective response lies in strengthening the economic environment while building regulatory frameworks capable of supporting innovation responsibly.

The IMF identified a stable and credible domestic currency as the strongest defence against digital dollarisation. It noted that recent macroeconomic reforms and tighter monetary policy have contributed to rebuilding confidence in the naira, adding that preserving that progress will remain essential.

The institution also acknowledged regulatory measures already undertaken in Nigeria. These include rules introduced by the Securities and Exchange Commission (SEC) and guidance issued by the Central Bank of Nigeria governing interactions between banks and virtual asset service providers.

However, the report recommended additional clarity around the treatment of stablecoin issuers and urged regulators to align domestic frameworks with emerging international standards.

Beyond regulation, the IMF called for improved data collection on naira-to-stablecoin conversions and continued investment in payment infrastructure that can reduce dependence on less-regulated channels.

Ultimately, the fund views stablecoins not as a temporary trend and not as a replacement for traditional finance, but as a response to longstanding inefficiencies in global payments.

For Nigeria, the development reflects both the ingenuity of its people and the rapid evolution of its financial ecosystem. The challenge ahead, according to the IMF, is not whether digital innovation should continue, but how best to ensure that innovation develops within a framework that safeguards monetary stability, strengthens oversight and supports sustainable economic growth.

As digital finance reshapes commerce around the world, Nigeria’s position at the centre of Africa’s stablecoin economy underscores the country’s growing influence in defining the future of financial technology on the continent.

Ondo Eyes Industrial Breakthrough as Dangote Returns to Olokola with Mega Investment Plan

For years, Olokola stood as a symbol of unrealised industrial ambition on Nigeria’s coastline. Now, the area is back in the spotlight after Alhaji Aliko Dangote unveiled a sweeping investment programme that could transform Ondo State into one of the country's most significant manufacturing and export centres.

The President of the Dangote Group announced plans to develop what he described as Nigeria’s largest industrial and free trade zone in Olokola, located in Ilaje Local Government Area. The proposal forms part of an investment drive that stretches beyond manufacturing to include power generation, gas infrastructure and cement production.

The announcement came during a courtesy visit to Governor Lucky Aiyedatiwa at the Government House in Akure on Monday, where discussions centred on creating a new industrial ecosystem capable of attracting both domestic and foreign investors.

Unlike conventional industrial estates where businesses are left to solve infrastructure challenges on their own, the proposed Olokola development is designed as a ready-to-operate hub. According to Dangote, investors will have access to essential facilities from day one, including electricity, water and logistics services.

His argument is rooted in a challenge that has troubled Nigerian industry for decades: unreliable power supply.

Dangote noted that manufacturers across the country have spent years relying on expensive self-generated electricity, a burden that has slowed industrial growth and increased operating costs. To avoid repeating that pattern, the Olokola project will incorporate dedicated power generation facilities alongside gas infrastructure. An east-west gas corridor is also planned to support industries expected to operate within the zone.

The initiative carries particular significance because it revives a location where the Dangote Group once attempted to establish a presence. Those earlier efforts, according to the businessman, were frustrated by operational difficulties, forcing the conglomerate to channel major investments elsewhere, particularly Lagos.

That experience, however, has not diminished interest in the area.

Dangote said changing circumstances and improved collaboration with the Ondo State Government have created fresh confidence that the project can now succeed. He outlined a vision of a free trade zone built to remove bureaucratic and infrastructural obstacles that often discourage investment.

"We want to create the biggest free trade zone where investors can just come and plug in. We will generate power, provide infrastructure and remove the bottlenecks around doing business," he said.

The scale of the proposal suggests Ondo could become a major industrial destination if implementation proceeds as planned. Dangote projected that the development would create thousands of jobs, stimulate economic activity and strengthen the state's position as a manufacturing and export hub.

Work on the project appears set to move quickly. Contractors are expected to mobilise to the site within the next three to four months, while full-scale construction is scheduled to begin in the last quarter of 2026.

In addition, Dangote called for the state government to be represented on the board of the industrial zone, a move he said would improve coordination and support effective execution.

For Governor Aiyedatiwa, the proposal fits squarely within the state's economic aspirations. He described the planned investment as a defining moment in Ondo's development journey and a major boost to efforts aimed at attracting large-scale industries.

The governor pointed to the state's location along the Lagos-Calabar Coastal Highway corridor as a strategic advantage, arguing that improved connectivity would support industrial expansion and trade. He also highlighted Ondo's natural resource base as a key attraction for investors.

According to him, the state's deep seaport licence offers an additional competitive edge by providing the foundation for large-scale industrial activity and international commerce.

Governor Aiyedatiwa further disclosed that limestone deposits within the state have been tested and confirmed suitable for industrial use, creating opportunities for growth in cement production and other manufacturing ventures.

To prepare for the project's implementation, the state government has already constituted a technical committee. The body will focus on resolving legal, land, community and operational matters associated with the development, with the aim of ensuring a smooth rollout.

"This investment marks the beginning of an industrial revolution in Ondo State. We are committed to creating the right environment for businesses to thrive and for investors to succeed," the governor said.

He also pledged full government support for the Dangote Group's plans and promised close engagement with investors and host communities to safeguard the project's long-term sustainability.

Among those present at the meeting were Deputy Governor Dr Olayide Adelami, Chief of Staff Prince Segun Omojuwa, commissioners, other senior government officials and representatives of the Dangote Group.

If the vision outlined in Akure becomes reality, Olokola could move from being a site of abandoned industrial hopes to the centrepiece of a new manufacturing corridor, one capable of reshaping Ondo State's economy and strengthening Nigeria's industrial capacity for years to come.

World Bank Lists Apapa, Tin Can Among World’s Most Improved Ports

Nigeria’s maritime sector has received a global endorsement, with the World Bank ranking the Apapa Port Complex and Tin Can Island Port Complex among the world’s 20 most improved ports.

The recognition was contained in the 2025 Container Port Performance Index (CPPI), released in June 2026. According to the report, both Lagos ports made the global top 20 list for port improvements recorded since 2020, reflecting significant gains in operational efficiency and vessel turnaround time.

The CPPI is a global benchmark that measures port performance based on how long vessels spend in port, providing a basis for comparing ports worldwide and identifying areas of progress and operational challenges.

The ranking comes amid ongoing reforms and modernization efforts by the Nigerian Ports Authority (NPA) under its Managing Director, Abubakar Dantsoho.

Reacting to the development, Dantsoho credited the achievement to the investor-friendly policies of President Bola Ahmed Tinubu and the support of Adegboyega Oyetola, Minister of Marine and Blue Economy.

“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernization programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.

The recognition is expected to strengthen investor confidence in Nigeria’s maritime industry and reinforce the country’s position as a leading trade and logistics hub in West Africa.

CBN Orders Local Storage of Payment Transaction Data, Sets New Rules for Banks and PSPs

Nigeria’s financial services industry is heading for a regulatory shift as the Central Bank of Nigeria (CBN) moves to tighten oversight of payment operations, data management, and market competition across the sector.

In a new directive issued to banks, payment service providers (PSPs), and other financial institutions involved in digital payment activities, the apex bank has mandated that all payment transaction data generated within Nigeria must be stored and managed inside the country.

The policy, contained in a circular signed by Rakiya Yusuf, director of the CBN’s Payments System Supervision Department, is scheduled to take effect on January 1, 2027.

According to the regulator, institutions facilitating payment transactions in Nigeria must ensure that locally generated data remain within the country’s borders and are handled in accordance with applicable data protection laws. The move is expected to strengthen regulatory visibility over payment ecosystems while reinforcing compliance with Nigeria’s evolving data governance framework.

Beyond data localisation, the CBN has also introduced fresh ownership transparency requirements aimed at strengthening anti-money laundering and counter-terrorism financing safeguards.

Under the new framework, banks, PSPs, and other financial institutions with digital payment operations are required to disclose the ultimate beneficial ownership (UBO) of significant shareholders. The institutions must keep ownership records accurate and up to date and provide such information to the regulator whenever requested.

The central bank further directed regulated entities to submit monthly market share returns using prescribed templates and timelines, a measure designed to enhance monitoring of competition and concentration levels within the payment industry.

Affected institutions have been given until December 31, 2026, to fully align with the new market structure requirements.

The regulator warned that compliance will be closely monitored and that supervisory sanctions could be imposed where institutions fail to meet the stipulated obligations, in line with existing laws, regulations, and guidelines.

The latest directive comes amid a broader effort by the CBN to reshape competition within Nigeria’s payment landscape.

Recently, the apex bank introduced restrictions on market dominance among financial institutions participating in card issuing and merchant acquiring businesses. Under those rules, any institution controlling more than 25 percent of the card issuing market will be limited to a maximum of 15 percent share in the merchant acquiring segment.

Likewise, financial institutions holding more than 25 percent of the merchant acquiring market will be restricted to a 15 percent share in card issuing operations.

Taken together,.the measures signal a more interventionist regulatory approach by the CBN, combining data sovereignty requirements, ownership transparency, and market concentration controls as it seeks to strengthen the integrity, competitiveness, and oversight of Nigeria’s rapidly expanding digital payments sector.

NIPOST Moves to Give Every Building in Nigeria a Unique Digital Address

Nigeria’s long-standing challenge of accurately identifying locations may soon be headed for a major transformation as the Nigerian Postal Service (NIPOST) advances plans to introduce a National Digital Postcode System that will assign a unique digital address to every addressable building across the country.

The initiative, unveiled during the Post Code Delineation Model Validation 2026 event in Abuja on Monday night, is being positioned as a critical step toward building a modern, technology-driven addressing framework capable of supporting postal operations, logistics services, emergency response systems and national development planning.

Speaking at the event, the Postmaster General and Chief Executive Officer of NIPOST, Tola Odeyemi, described the proposed postcode architecture as a machine-readable location identification system designed to provide every addressable building in Nigeria with a standardised digital reference.

According to her, the project has the potential to place Nigeria among the first countries on the African continent to implement a postcode framework that reaches the unit level, ensuring that each standing building receives its own unique code.

“Postcode is basically a framework used to have a machine-readable standard location address for every addressable building in Nigeria,” Odeyemi said.

She explained that the significance of the programme extends beyond postal services, noting that more precise location identification would strengthen service delivery across multiple sectors. Improved logistics operations, faster emergency interventions and more effective planning processes are among the benefits expected from the system.

For a country as geographically diverse as Nigeria, however, creating a workable nationwide addressing model presents unique challenges. Odeyemi noted that the realities of different regions require tailored approaches rather than a uniform template.

“Nigeria is a large country. We have all the way from the top of Nigeria, which is almost like the Sahel, to the Savannah, to the Middle Belt, to the tropical South and even to the riverine areas,” she said.

She stressed that geographical differences, settlement patterns, population spread and terrain conditions vary considerably from one state to another.

“The logic that will work for Jigawa is not the same logic that will work for Bayelsa because they have completely different geographical expressions, density of buildings, population distribution, and topography,” Odeyemi added.

At the centre of the ongoing exercise is a detailed postcode delineation process aimed at ensuring that postcode boundaries align neatly with existing administrative structures. NIPOST says the system is being designed to prevent postcode areas from crossing local government boundaries.

“Delineation has to make sure the postcode does not pass administrative boundaries, and it must not go across two local government areas,” the NIPOST chief stated.

She further revealed that validation efforts currently underway involve comparing aerially generated mapping polygons with real-life settlement arrangements and physical geographic conditions across the federation. The objective, she said, is to ensure that digital representations accurately mirror realities on the ground.

She described the Post Code Delineation Model Validation 2026 exercise as a crucial milestone in NIPOST’s broader digital addressing agenda, which seeks to establish a comprehensive and standardised postcode framework nationwide.

For decades, Nigeria has struggled with an inefficient addressing system that often complicates postal delivery, logistics coordination, emergency response and public-sector planning. Through the National Digital Postcode System, NIPOST hopes to replace that challenge with a modern, standardised and technology-enabled framework capable of assigning a unique code to every addressable building in the country.

If successfully implemented, the initiative could mark one of the most significant overhauls of Nigeria’s location and addressing infrastructure, creating a foundation for more efficient public services and improved connectivity across the nation.

Kogi Adopts Digital Education Database, Begins Statewide School Census

Kogi State is moving to create a comprehensive digital database for schools and students as part of efforts to improve education planning, funding and policy implementation.

At the heart of the initiative is the Federal Government's Digital Nigeria Education Management Information System (DNEMIS), a platform that will assign every school a unique 10-digit identification number and every learner a Learner Identification Number (LIN) linked to WAEC and NECO records.

The digital transition dominated a stakeholders' meeting in Lokoja on Monday ahead of the 2025/2026 Annual School Census, which begins on June 24.

For the Kogi State Government, the exercise is about more than gathering statistics as accurate data is critical to determining where schools are needed, how resources are distributed and how education investments are measured.

Commissioner for Education Wemi Jones said every learner must possess a LIN to access government education incentives, describing the census as a key tool for evidence-based decision-making.

He also praised Governor Ahmed Usman Ododo for sustaining a 30 per cent annual budget allocation to education, noting that the state commits substantial resources to school renovations, infrastructure projects, examination fees and teachers' salaries.

According to Jones, inaccurate or incomplete submissions could leave the state under-represented in national education records, undermining planning and funding projections.

The push for reliable data received strong backing from stakeholders at the meeting, which brought together education agencies, NGOs, media practitioners, religious leaders, former commissioners and the Nigeria Security and Civil Defence Corps.

Former Commissioner for Education Rosemary Osikoya said poor record-keeping remains a major challenge across parts of the sector, particularly among some private schools and operators of non-formal and skills acquisition centres.

"If we really want money allocated to education, it has to be substantiated by data. When education data is accurate, planning becomes effective," she said.

Ambassador Idris Muraina of the Kogi NGO Network described data as "the lifeline of any development," while DCC Ekigwe Raymond of the NSCDC called for stronger collaboration between school authorities, communities and security agencies to safeguard schools.

Representatives of the National Association of Proprietors of Private Schools and the All Nigeria Confederation of Principals of Secondary Schools commended the ministry for involving private institutions in education policy discussions.

Permanent Secretary Albert Alabi stressed the need for quality data, while Director of Educational Planning, Research and Statistics, Animoku Elizabeth identified incomplete submissions, low participation and fears of taxation as some of the hurdles confronting the census.

She clarified that the exercise is strictly for planning, research and policy formulation, not taxation.

To drive participation, the ministry will begin training school data officers in Lokoja before advocacy meetings in Kabba on June 19, Okene on June 22 and Anyigba on June 23.

The census officially begins on June 24, marking what education stakeholders see as a decisive shift towards data-driven governance in Kogi's education sector.

Dangote, AFC Strike $600m Deal to Triple Fertiliser Output

Africa’s push for food security has received a major boost as the Dangote Group and the Africa Finance Corporation have signed a $600 million loan agreement to expand fertiliser production in Nigeria and Ethiopia.

The financing, secured by GreenView Fertiliser Corporation, the holding company of Dangote Fertiliser, forms part of Dangote Group’s wider $7 billion fertiliser expansion programme aimed at significantly increasing Africa’s fertiliser supply and reducing dependence on imports.

Under the plan, Dangote Fertiliser will expand its Nigerian production capacity from three million metric tonnes per annum to nine million metric tonnes per annum. The programme also includes the development of a new three-million-metric-tonne-per-annum urea fertiliser plant in Ethiopia.

The investment will support the expansion of the Dangote Fertiliser Plant in Ibeju-Lekki, Lagos State, one of the world’s largest granulated urea fertiliser complexes. The company said the project would increase output, improve supply-chain efficiency and ensure a more reliable supply of fertiliser to farmers across Africa.

Beyond boosting production, the expansion is expected to strengthen regional food security, improve agricultural productivity, stabilise fertiliser prices and reduce the continent’s reliance on imported products.

Dangote Group President, Aliko Dangote, said the enlarged operations could generate more than $4 billion annually in urea fertiliser exports within the next three years.

“By the next three years, we’ll be able to have an export of over $4bn worth of urea fertiliser, and I think it is a big contribution to the foreign exchange income of the country,” he said.

Dangote added that the group’s ambition to grow into a $100 billion business by 2030 would be driven through partnerships with African institutions, including AFC.

Commenting on the transaction, AFC President and Chief Executive Officer, Samaila Zubairu, described the deal as an example of the corporation’s capital recycling strategy.

“Following the successful repayment of our earlier investment in Dangote Industries Limited, we are redeploying and doubling that capital into Dangote Group’s next phase of growth,” he said.

According to Zubairu, the investment will support a proven African industrial player while creating long-term economic value, strengthening food security and reducing import dependence across the continent.

The Dangote Fertiliser Plant already serves both domestic and international markets, generating foreign exchange earnings for Nigeria. With the latest expansion, the company is seeking to consolidate its position in the global fertiliser industry while deepening Africa’s agricultural self-sufficiency.

Samara Eze Wins Future Problem Solving World Championship

Samara Eze, daughter of Nigerian cleric and convener of the New Season Prophetic Prayers and Declarations (NSPPD), Pastor Jerry Eze, has emerged as a world champion after securing first place in the Senior Division for Storytelling at the Future Problem Solving Program International (FPSPI) World Finals.

Representing Prestonwood Christian Academy in Texas, United States, Samara competed against talented students from different countries in one of the competition's most demanding categories. Participants were required to instantly create and perform an original five-minute futuristic story based on a designated global challenge topic.

For this year's World Finals, the challenge centred on Forestry. Samara developed and delivered a creative narrative that presented a logical solution to the complex task of protecting vital forest ecosystems while ensuring sustainable access to resources for future generations. Her performance earned the highest recognition in the Senior Division, securing the world championship title.

The Future Problem Solving Program International is an academic competition that challenges students to analyse future-focused scenarios, identify emerging issues and develop innovative solutions to real-world problems. The programme attracts participants from several countries and is widely recognised for promoting creativity, critical thinking, leadership and problem-solving skills.

Pastor Jerry Eze expressed gratitude following the announcement of his daughter's victory.

“Jesus, we are beyond words. How did we get here? El-Roi, we are grateful!” he wrote.

News of Samara's achievement drew congratulatory messages from supporters, friends and admirers, many of whom praised her creativity, dedication and academic excellence.

Her success at the FPSPI World Finals marks a notable accomplishment in a global competition that brings together outstanding students from around the world to tackle some of the most pressing challenges facing the future.

Njideka Akunyili Crosby Paints Historic Obama Portrait for Presidential Center

Njideka Akunyili Crosby, the Nigerian-born artist and daughter of the late Professor Dora Akunyili, has been commissioned to create the first official portrait of Barack and Michelle Obama together for the Obama Presidential Center in Chicago.

Titled The Obamas: Springing Forth, the work was unveiled ahead of the centre’s opening on Juneteenth and takes its place among 28 specially commissioned artworks selected for the landmark institution on Chicago’s South Side.

Michelle Obama publicly acknowledged Akunyili Crosby’s contribution, praising the artist for bringing depth, warmth and vitality to the portrait.

The commission marks another milestone in the career of the Enugu-born artist, whose work has earned international acclaim for its intricate fusion of painting, photography, drawing and collage. After leaving Nigeria for the United States as a teenager, she developed a body of work that examines memory, culture, migration and identity. Her paintings are held in the collections of major institutions, including the Museum of Modern Art in New York, the Whitney Museum of American Art and the Tate.

The Obama portrait emerged from months of research. Akunyili Crosby examined speeches, interviews, photographs, archival materials and published works connected to the former President and First Lady before beginning the painting.

The finished work presents both figures with equal visual prominence. Barack Obama is seated casually on a desk, while Michelle Obama occupies the foreground in a confident seated pose. The composition departs from traditional presidential portraiture, favouring a more personal and layered narrative.

Objects incorporated into the painting draw from defining moments in their lives. A volume of the Harvard Law Review references Barack Obama’s tenure as the publication’s first Black president. Stevie Wonder’s Talking Book, the first album owned by Michelle Obama, appears among the carefully selected details woven into the composition.

Known for constructing paintings through layers of imagery and visual references, Akunyili Crosby approached the project with the same meticulous attention that has defined her artistic practice for more than a decade. The portrait combines historical references, personal symbolism and contemporary techniques within a single expansive canvas.

The commission places Akunyili Crosby among a select group of artists whose work has been entrusted with interpreting major public figures for future generations.

The achievement also extends the remarkable story of a family name already associated with excellence. Dora Akunyili became one of Nigeria’s most respected public servants through her campaign against counterfeit medicines and her leadership of NAFDAC. Her daughter has earned distinction in a different field, building a reputation that now reaches one of the most significant presidential institutions in the United States.

From public service to contemporary art, the Akunyili name continues to command international recognition.

Unbeaten Temitope Adeshina Completes Historic NCAA Title Sweep

Nigeria's Temitope Adeshina has capped a flawless 2026 season with another major triumph, winning the NCAA outdoor high jump title and completing an unbeaten campaign in the United States collegiate circuit.

Competing at the NCAA Track and Field Championships at Hayward Field in Eugene, Oregon, the 27-year-old secured victory with a first-attempt clearance of 1.96m, adding the outdoor crown to the NCAA indoor titles she won in 2025 and 2026.

The achievement gives Adeshina three NCAA national titles and places her among the most successful athletes in Texas Tech history. She becomes only the second Red Raider to win at least three national championships, joining Sally Kipyego.

Her victory also ended a seven-year wait for Texas Tech in the women's outdoor high jump, making her the first Red Raider to claim the title since Zarriea Willis in 2019.

The Nigerian now accounts for three of Texas Tech's nine national high jump titles across its men's and women's programmes. The others were won by Trey Culver (two), JaCorian Duffield (two) and Willis (two).

Adeshina's latest success is the continuation of a rise that began gathering pace in 2024 when she set Nigerian national records and earned a place at the Paris 2024 Olympics. Although she finished outside the medals, she became only the second Nigerian woman to compete in the Olympic high jump after Doreen Amata, who represented the country at the Beijing 2008 and Rio 2016 Games.

Since then, her progress has been remarkable. After claiming her first NCAA title in 2025, she elevated her performances further, remaining undefeated throughout the 2026 season.

Earlier this year, Texas Tech recognised her achievements with the International Student-Athlete Excellence Award in the women's category at the university's 2026 Red & Black Gala.

The NCAA Championships also concluded a successful outdoor season for Texas Tech, which produced two Big 12 team titles and seven first-team All-America honours.

For Nigeria, Adeshina's unbeaten season and growing collection of titles underscore the country's continued ability to produce athletes capable of excelling on some of the world's biggest sporting stages. Her latest victory is not just another championship, it is further proof of a career steadily reaching new heights.

Why Nigeria's Central Bank Has Earned Global Attention

At a time when nations across the world are grappling with inflation, market volatility, and economic uncertainty, Nigeria's Central Bank has received one of the highest distinctions in global central banking. The 2026 Central Bank of the Year Award from Central Banking reflects growing international recognition of efforts to strengthen policy credibility, improve institutional governance, and reinforce confidence in Africa's largest economy.

The award, formally received in London on June 10, 2026, has drawn attention to the ongoing transformation within the Central Bank of Nigeria (CBN), an institution whose decisions shape monetary policy, financial stability, banking regulation, and broader economic confidence across the country.

Presented annually by Central Banking, a London-based publication established in 1990, the Central Bank of the Year Award is one of the most respected honours in the global monetary policy community. The publication covers central banking, financial regulation, reserve management, and economic policy across the world, with its awards recognising institutions that have demonstrated leadership, innovation, and measurable impact in addressing economic challenges.

Over the past few years, the country's monetary authorities have faced the complex task of responding to inflationary pressures, foreign exchange market challenges, investor concerns, and broader macroeconomic adjustments. Against this backdrop, the CBN has pursued reforms aimed at strengthening institutional credibility and improving the effectiveness of monetary policy.

Since assuming office as Governor in September 2023, Olayemi Cardoso has overseen a period of substantial change within the Bank. A central focus of the reform agenda has been restoring confidence in the institution and reinforcing its core mandate of maintaining monetary and financial stability.

Among the most closely watched developments has been the effort to improve the functioning of Nigeria's foreign exchange market. The CBN introduced measures intended to enhance transparency, improve liquidity, and support a more market-responsive exchange-rate framework. These reforms have been closely monitored by investors, financial institutions, and development partners seeking greater predictability within the market.

At the same time, the Bank has maintained a strong focus on addressing inflation, one of the most pressing economic challenges facing households and businesses. Through a series of monetary policy adjustments, including increases in benchmark interest rates, the Monetary Policy Committee has sought to curb inflationary pressures and support macroeconomic stability.

While inflation remains a challenge, the measures underscore a broader commitment to strengthening the foundations of the economy. Around the world, central banks are often required to make difficult decisions to preserve stability, particularly during periods of economic uncertainty. Nigeria's experience has been no exception.

The Bank has also pursued initiatives aimed at strengthening governance, enhancing regulatory oversight, and improving transparency in its operations. These efforts are intended to reinforce public trust and align institutional practices more closely with international standards.

The importance of such reforms extends beyond the financial sector. Strong and credible institutions play a vital role in attracting investment, supporting business activity, and creating an environment where economic growth can flourish. For a country of Nigeria's scale and significance, the effectiveness of its central bank carries implications that reach far beyond monetary policy alone.

Nigeria remains one of Africa's largest economies and a major driver of regional commerce, finance, and innovation. Decisions taken by the CBN influence not only domestic financial conditions but also international perceptions of the country's economic direction. As a result, improvements in institutional credibility can have far-reaching effects on investor confidence and economic sentiment.

During the award presentation in London, Cardoso dedicated the honour to the Board, Management, and Staff of the Central Bank of Nigeria, recognising the collective effort behind the institution's recent achievements. He noted that the progress being acknowledged was the result of the commitment, professionalism, and expertise of individuals whose contributions often take place away from public view.

The Governor also reiterated that the Bank's reform programme remains focused on strengthening resilience, restoring confidence, enhancing policy credibility, and laying a solid foundation for sustainable economic growth. While acknowledging that the journey is ongoing, he expressed confidence in the progress achieved so far and the opportunities that lie ahead.

Importantly, he recognised the broader network of stakeholders that have contributed to the reform process, including the Federal Government, market participants, development partners, and the Nigerian people. Their support, resilience, and confidence, he noted, have played a crucial role in sustaining momentum during a period of significant economic adjustment.

The significance of the award ultimately serves as an acknowledgement of efforts to strengthen one of Nigeria's most important economic institutions and highlights the role that credible policies and effective governance play in national development.

Challenges remain, and the work of economic reform is far from complete. Yet the recognition offers evidence that progress is being noticed on the global stage. It reinforces the view that strong institutions, transparent governance, and sustained policy consistency remain essential ingredients for long-term economic stability and growth.

For Nigeria, the 2026 Central Bank of the Year Award is not simply a celebration of an institution's accomplishments, but a reflection of the growing importance of credibility, resilience, and reform in shaping the country's economic future.