Author: Adejuyigbe Francis

The Central Bank of Nigeria (CBN), has recently reduced interest rates on key Nigerian Treasury Bill (T‑Bill), maturities by 20 basis points (bps) — signaling a broader easing in money‑market funding costs and changing dynamics in Nigeria’s fixed‑income markets. Specifically: 364‑day (1‑year) T‑Bill rate cut: reduced by 20bps to 16.43%. 182‑day (6‑month) T‑Bill rate cut: trimmed by 20bps to 16.42%. 91‑day (3‑month) T‑Bill rate: held steady at 15.95%.These adjustments were reflected at the CBN’s March 25/26 primary auctions amid an oversubscribed market, strong investor demand, and abundant system liquidity. What Happened at the Auction? Auction Details The CBN offered ₦400…

On March 24, 2026, First Lady, Melania Trump, unveiled Fostering the Future Together, a transformative international initiative designed to empower children through technology and education. Convening 45 nations alongside leading technology innovators, the inaugural summit in Washington, D.C. set a powerful precedent for unified global action. Her message was clear and compelling: the future of the world depends on how effectively today’s leaders invest in the next generation. By elevating children above politics and borders, the initiative establishes a shared global responsibility to nurture talent, expand opportunity, and unlock human potential. From Vision to Action: A Results-Driven Coalition Unlike many…

Alex Iwobi has earned widespread recognition after his spectacular goal for Fulham FC was shortlisted for the Premier League’s Goal of the Month (GOTM), award for March. The nomination underscores a standout moment in what has been an increasingly influential season for the Nigerian international. The Goal: Technique, Timing, and Impact Iwobi’s stunning strike came in Fulham’s 2–1 victory over Tottenham Hotspur at Craven Cottage. In the 34th minute, Iwobi doubled Fulham’s lead with a brilliantly executed long-range effort—side-footing the ball from outside the box with precision and composure. The goal not only stood out for its technical quality but…

The Office of the United States Trade Representative (USTR), has released a significant policy report outlining the United States’ vision for reforming the World Trade Organization (WTO). The timing of the report is strategic, coming just before the WTO’s Fourteenth Ministerial Conference (WTO Fourteenth Ministerial Conference, or MC14), scheduled to take place in Yaoundé, Cameroon. This report builds upon an earlier U.S. discussion paper issued in December 2025 and is intended to stimulate meaningful dialogue among WTO members during and after the ministerial meeting. Context and Purpose of the Report The WTO has faced increasing criticism in recent years for…

As part of renewed efforts to deepen diaspora remittances and enhance transparency in Nigeria’s foreign exchange (FX), market, the Central Bank of Nigeria (CBN), has issued a directive mandating all International Money Transfer Operators (IMTOs), to open and operate naira settlement accounts with authorised dealer banks (ADBs). This directive, contained in a circular signed by Musa Nakorji, forms part of a broader policy framework aimed at improving traceability of remittance flows, strengthening regulatory compliance, and boosting efficiency within Nigeria’s FX ecosystem. The policy will take effect from May 1, 2026, reinforcing the CBN’s push to formalise remittance inflows—one of the…

On March 25, 2026, U.S. President, Donald Trump, announced the formation of a revamped President’s Council of Advisors on Science and Technology (PCAST)—a high-level advisory body composed of leading figures from the technology and innovation sectors. Among the most notable appointees are: Mark Zuckerberg (CEO of Meta) Sergey Brin (co-founder of Google) Jensen Huang (CEO of Nvidia) These appointments place some of the world’s most influential technology leaders at the center of U.S. science and technology policymaking. Composition of the Council The newly formed council initially consists of 13 members, with plans to expand to as many as 24 members.…

The January 2024 Shake-Up In January 2024, the CBN dissolved Union Bank’s board and management, citing regulatory powers intended to preserve financial stability and enforce compliance. The regulator subsequently appointed Yetunde Oni as Managing Director/Chief Executive Officer and Mannir Ubali Ringim as Executive Director. This decision, however, was contested by key core shareholders of Union Bank — Titan Trust Bank, Luxis International, and Magna International — who challenged the legality of the CBN’s intervention in court. They argued that: The removal of the bank’s directors was executed without due process. The proposed recapitalisation under the interim board was unlawful. The…

The Strait of Hormuz—one of the world’s most critical maritime chokepoints—has recently become the center of a major geopolitical and economic development. Iran, amid escalating conflict with the United States and Israel, has eased transit restrictions for certain vessels while reportedly charging up to $2 million per passage. This dual policy reflects a strategic recalibration aimed at balancing military control, economic leverage, and international pressure. Strategic Importance of the Strait of Hormuz The Strait of Hormuz is a narrow waterway linking the Persian Gulf to global oceans. It is vital for global energy markets: Handles ~20% of global oil and…

Overview of the Reorganisation The Inspector-General of Police, Olatunji Disu, has ordered a major redeployment of senior officers across the Nigeria Police Force in what is being described as a sweeping institutional reorganisation. According to a statement issued by the Force Public Relations Officer, Anthony Placid, the exercise is aimed at: Strengthening operational efficiency Enhancing leadership capacity Improving service delivery nationwide “The postings are in line with the Force’s commitment to an effective command structure and the strategic deployment of personnel across Commands, Formations, and Departments,” the statement noted. This move represents one of the first major structural reforms under…

The Nigeria national football team have unveiled new home and away jerseys for the 2026 season, designed by Nike. The kits were officially presented via the team’s X handle (formerly Twitter), account on March 23, 2026, drawing significant public interest. This launch comes as supporters continue to process the team’s failure to qualify for the 2026 FIFA World Cup, following a dramatic penalty shootout defeat to DR Congo in the CAF playoff final, despite finishing as runners-up in their qualifying group. Design and Aesthetics Home Kit Base colour: Vibrant light green with darker green panels and a subtle dotted fade pattern.…

On March 20, 2026, the United States Department of State announced a new round of sanctions aimed at dismantling a global financial network tied to Hizballah. The measures specifically target individuals and entities involved in fundraising, money laundering, and financial facilitation for the group. This action represents a continuation of U.S. counterterrorism financial strategy—focusing not only on operatives but also on the infrastructure that sustains militant activity. The network spans multiple regions, including the Middle East, Europe, and North America, highlighting the transnational nature of Hizballah’s financing operations. Objectives of the Sanctions The sanctions are designed to achieve several strategic…

The Nigerian Electricity Regulatory Commission (NERC), has approved the appointment of Sherifat Adegbenro, as the Acting Chief Executive Officer (CEO), of Eko Electricity Distribution Company (Eko Disco). This development represents another leadership transition within one of Nigeria’s key electricity distribution companies and reflects ongoing regulatory oversight aimed at ensuring stability in the power sector. Details of the Appointment According to NERC, the approval of Adegbenro’s appointment aligns with corporate governance requirements within Nigeria’s electricity supply industry. The commission emphasized that the move is temporary, pending the appointment of a substantive CEO by the company’s board. The regulatory body framed the…